tag:blogger.com,1999:blog-17473688.post5660902859849349523..comments2024-03-29T13:25:57.689+08:00Comments on My Singapore News: Notable quote by Hsien LoongChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-17473688.post-57900287131287455892011-09-05T21:12:08.949+08:002011-09-05T21:12:08.949+08:00All that talk about how important it is to have an...All that talk about how important it is to have an EP holding the second key is fast turning into a sick joke.<br /><br />The fact that they draw on the reserves 29 times and most of us thought that it was done only once, must also be the reason they are calling us daft, adding insult to injury.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-37837083110271769952011-09-05T17:02:21.630+08:002011-09-05T17:02:21.630+08:00Someone posted 27 times were for SERS. See how abs...Someone posted 27 times were for SERS. See how absolutely last resort SERS were?Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-60164947792565913782011-09-05T16:53:35.967+08:002011-09-05T16:53:35.967+08:00After 29 times and we haven't a clue how much ...After 29 times and we haven't a clue how much was released and when and for what purpose.<br /><br />Why isn't the President bound to disclose when the reserves are being used?notanotherspinstorynoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-9420390994816017932011-09-04T00:21:08.075+08:002011-09-04T00:21:08.075+08:00Reserve used for housing development and we the ci...Reserve used for housing development and we the citizens ended up having to pay more for our public housing.<br /><br />Lol......<br /><br />patriotAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-39260939291473245412011-09-03T12:19:29.982+08:002011-09-03T12:19:29.982+08:00What about monies from sales of our assests like P...What about monies from sales of our assests like Power Stations, SPC etc; ???? Can't they use those ????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-24561269655545387632011-09-03T11:49:22.464+08:002011-09-03T11:49:22.464+08:00This is what happens to SERS.
http://theonlinecit...This is what happens to SERS.<br /><br />http://theonlinecitizen.com/2010/02/sers-flats-converted-to-condo-for-expats/<br /><br />SERS flats converted to condo for expats<br /><br />So the reserve is used to build condos for foreigners.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-73725952496576170562011-09-03T09:47:24.638+08:002011-09-03T09:47:24.638+08:00wow, the reserve have been drawn for 29 Xs already...wow, the reserve have been drawn for 29 Xs already ? Sers and land reclaimation is "last resort " ?<br /><br />Then, I would prefer TJS' 60 billions economy plan which will benefit singaporeans much more !<br /><br />hhAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-23947922495603841082011-09-03T09:05:27.294+08:002011-09-03T09:05:27.294+08:00Hi Elgin Toh, welcome to the blog and thanks for t...Hi Elgin Toh, welcome to the blog and thanks for the input.<br /><br />A few points to consider when the reserves will be touched. One, the reserves are under lock and key and must not be touched for any fly by night scheme or maverick idea to make more money just because the idea makes money on paaper. <br /><br />I am puzzled, why, when we have so much money everywhere, that land reclamation Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-69779792377237136912011-09-02T23:18:01.584+08:002011-09-02T23:18:01.584+08:00I think the second commenter is referring to this:...I think the second commenter is referring to this:<br /><br />http://www.youtube.com/watch?v=VMNvqKOONXAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-8513928322263246662011-09-02T18:39:20.393+08:002011-09-02T18:39:20.393+08:00Last resort or affordable. Just depends on situati...Last resort or affordable. Just depends on situation i.e. if you earn $5 millions a year, HDB flat costing $800K is sooooo affordable....so I guess last resort can be up for interpretation too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-28804852871102891822011-09-02T17:41:21.004+08:002011-09-02T17:41:21.004+08:00REPOST FROM ST:
Past reserves tapped on to fund l...REPOST FROM ST:<br /><br />Past reserves tapped on to fund land reclamation and Sers <br /><br />President S R Nathan's office has been approving the use of past reserves to fund land reclamation projects since 2001 and land acquisition for the Selective En-Bloc Redevelopment Scheme (Sers) since 2002. <br /><br />Mr Nathan and his advisers have judged that these projects do not deplete the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-53100475976742925422011-09-02T17:24:48.326+08:002011-09-02T17:24:48.326+08:00Me has no issue with how many time the Reserve had...Me has no issue with how many time the Reserve had been used; money by the way is meant for currency not to be kept under the pillow doing nothing. But my no issue is also not about just currency.<br />See, does anyone get to see or smell the Reserve??? No, right? So, does it matters to anyone whether it has been used or not???<br /><br />patriotAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-18396218038529250562011-09-02T16:58:17.525+08:002011-09-02T16:58:17.525+08:0029 times absolutely last resort. What could that b...29 times absolutely last resort. What could that be? Lost so much money needed to use the reserves for some adventures to patch up huge craters?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-89352950984650277102011-09-02T15:50:48.523+08:002011-09-02T15:50:48.523+08:00Hello, this is the link you must be referring to, ...Hello, this is the link you must be referring to, on the use of the reserves - a speech by Leong at TKL's rally. Enjoy! But do be aware that this is bad, very bad, for your blood pressure!<br /><br />http://theonlinecitizen.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-64692662060742540412011-09-02T15:45:09.845+08:002011-09-02T15:45:09.845+08:00I only heard of only one last resort draw on the r...I only heard of only one last resort draw on the reserves during the financial crisis. How come there were 28 others? Did Parliament sanctioned them? If it did, surely Low and Chiam would have known and talked about them. <br /><br />Just goes to show that Prataman could not say no when asked to surrender the second key. No wonder they praised him to high heaven with such superlatives as 'Anonymousnoreply@blogger.com