Read this report.
My comment
Many investors have approached me for assistance on similar investments which were not repaid after the maturity date.
Monday, May 31, 2010
20 year impasse
Someone attacked me for posting my views about the 20 year impasse in reaching agreement on the bilaterial issues and challenged me to state what I would have done if I were "PM, SM or MM". It is difficult to be engaged in a discussion with a vile person whose primary purpose is to attack another person under anonymity.
I like to give my views in this hypothetical situation. It would not be possible to judge if my approach would achieve any useful results. I would approach this issue on the personal values that I follow:
- honesty
- fairness
- positive
- courage
- public service
If we are honest and fair, it would be easy to win the trust of the other party. Both parties can look at the positive aspects and focus on what each side could gain from the cooperation.
I sense that one side felt that the Points of Agreement was not fair to them (for whatever reasons) and although it was agreed, they would find other ways to get out of the deal. The other side insisted that "a deal is a deal" and should be honored. This explains the impasse that lasted for 20 years. Both sides need the courage to recognise that the earlier deal would not work, and that a new approach had to be taken (without waiting for 20 years).
As this is a hypothethical case, no one know whether it would have worked. I invite other people, wishing to give their views, to give their name and to refrain from passing judgement in this hypothetical case, or to make personal attacks.
Tan Kin Lian
I like to give my views in this hypothetical situation. It would not be possible to judge if my approach would achieve any useful results. I would approach this issue on the personal values that I follow:
- honesty
- fairness
- positive
- courage
- public service
If we are honest and fair, it would be easy to win the trust of the other party. Both parties can look at the positive aspects and focus on what each side could gain from the cooperation.
I sense that one side felt that the Points of Agreement was not fair to them (for whatever reasons) and although it was agreed, they would find other ways to get out of the deal. The other side insisted that "a deal is a deal" and should be honored. This explains the impasse that lasted for 20 years. Both sides need the courage to recognise that the earlier deal would not work, and that a new approach had to be taken (without waiting for 20 years).
As this is a hypothethical case, no one know whether it would have worked. I invite other people, wishing to give their views, to give their name and to refrain from passing judgement in this hypothetical case, or to make personal attacks.
Tan Kin Lian
Dr. Goh and frugality
Hi Mr Tan,
The said insurance company, published in full page in 4 languages in the national newspapers (on 29 May), including TODAY paper today (31 May). It pays tribute to the great founding father, the late Dr Goh who inspired the setting up of the first insurance co-operative - 40 years ago.
Dr Goh was the Chairman for the first ten years. He leads a frugal life and does not waste money and resources. I am sure that if Dr Goh is still alive, he will not approve such wasteful and unnecessary spending of policyholders' money. There are other frugal and economical ways of paying tribute to the late Dr Goh
It said that it celebrates it 40th birthday as a co-operative.
How sad that all the efforts started by the late Dr Goh in pioneering the co-operative movement has been eroded by the new management team. It is no longer a simple co-operative, but a 'commercialised co-operative' with many benefits taken away
We need leaders like you to highlight through the forum, the wasteful spending of policyholders money in such unnecessary publication of the tribute to the late Dr Goh.
CK
My comment
Dr. Goh Keng Swee's contribution to the welfare of 2 million families in Singapore who has benefitted from NTUC Income is immense and immeasurable. The money spent on recognising this contribution is small and, although it comes from the policyholder's funds, is worth spending. Many young people may not be aware about the part that Dr. Goh has made in this important aspect of the lives of Singaporeans. It is just as important as the building of the economy to create jobs for Singaporeans, which was well covered in the media.
I hope that NTUC Income will recognise the value of frugality that Dr. Goh has lived his life, and money should be spent wisely so that the policyholders can continue to enjoy a good return on their savings.
Tan Kin Lian
The said insurance company, published in full page in 4 languages in the national newspapers (on 29 May), including TODAY paper today (31 May). It pays tribute to the great founding father, the late Dr Goh who inspired the setting up of the first insurance co-operative - 40 years ago.
Dr Goh was the Chairman for the first ten years. He leads a frugal life and does not waste money and resources. I am sure that if Dr Goh is still alive, he will not approve such wasteful and unnecessary spending of policyholders' money. There are other frugal and economical ways of paying tribute to the late Dr Goh
It said that it celebrates it 40th birthday as a co-operative.
How sad that all the efforts started by the late Dr Goh in pioneering the co-operative movement has been eroded by the new management team. It is no longer a simple co-operative, but a 'commercialised co-operative' with many benefits taken away
We need leaders like you to highlight through the forum, the wasteful spending of policyholders money in such unnecessary publication of the tribute to the late Dr Goh.
CK
My comment
Dr. Goh Keng Swee's contribution to the welfare of 2 million families in Singapore who has benefitted from NTUC Income is immense and immeasurable. The money spent on recognising this contribution is small and, although it comes from the policyholder's funds, is worth spending. Many young people may not be aware about the part that Dr. Goh has made in this important aspect of the lives of Singaporeans. It is just as important as the building of the economy to create jobs for Singaporeans, which was well covered in the media.
I hope that NTUC Income will recognise the value of frugality that Dr. Goh has lived his life, and money should be spent wisely so that the policyholders can continue to enjoy a good return on their savings.
Tan Kin Lian
Subscribe to:
Posts (Atom)