Monday, April 19, 2010
ATM Funds transfer in Jakarta
Several banks in Jakarta allows customers to transfer funds at ATM machines by entering the amount, recipient account number and a reference number. The ATM will show the name of the recipient for confirmation. The reference number allows the recipient to know who made the payment.
Our banks in Singapore now allow customers to transfer funds through ATM machines but does not allow a reference number to be entered. The recipient does not know who made the payment.
I hope that our banks in Singapore can provide a similar service, i.e. allow the funds to be transferred by ATM and allow a reference number to be entered. This will reduce the need for customers to send cheques for business payments. It will improve efficiency. I hope that MAS can encourage the banks to offer this service.
Tan Kin Lian
Our banks in Singapore now allow customers to transfer funds through ATM machines but does not allow a reference number to be entered. The recipient does not know who made the payment.
I hope that our banks in Singapore can provide a similar service, i.e. allow the funds to be transferred by ATM and allow a reference number to be entered. This will reduce the need for customers to send cheques for business payments. It will improve efficiency. I hope that MAS can encourage the banks to offer this service.
Tan Kin Lian
Personal sacrifice by Goh Meng Seng
Goh Meng Seng helped me to deliver the Mandarin version of my speeches on several occasions to the investors at Hong Lim Park in the last quarter of 2008. His assistance to me, and to the investors, was invaluable.
A mutual friend told me that Meng Seng is selling his HDB flat to raise funds for the general election campaign in Tampines. He is the Secretary General of the National Solidarity Party. I check with Meng Seng to verify the accuracy of this information and he replied:
Quote
Yes, I am selling my flat to raise some funds for my campaign. As the leader of the party and the Tampines team, I need to build up my war chest in preparation for the eventual battle.I am able to do this basically because my wife and daughter are working and studying in Hong Kong and I am taking care of my aged mother (81 years old) by staying with her now. Most importantly, I am fortunate to have a very understanding and supportive wife. Freedom is not free. Pursuing Freedom and providing others the freedom of choice is not free. Some have asked me why don't I just take a personal loan. I don't like to have too many liabilities in life. On the other hand, selling my flat may serve me well. If I lose, so be it. Maybe by then, it would be much easier for me to join my family in Hong Kong to start fresh again. It is never easy to maintain a family in two places. If I win, I would be able to buy a flat in Tampines and become the Full Time MP there. Things will have to be rearranged in either outcomes.I think the most important thing is for people to realize that politics is about public service; not just opposition politics, but it is expected of the ruling party politicians as well. Public service may mean sacrifices on both financial as well as family time. Meng Seng
Unquote
My comments
Meng Seng is sincere and willing to serve the people of Singapore. I like to wish him success. I hope that Singaporeans realise the personal sacrifice that people like him have to make to make to provide an alternative voice for the people.
A mutual friend told me that Meng Seng is selling his HDB flat to raise funds for the general election campaign in Tampines. He is the Secretary General of the National Solidarity Party. I check with Meng Seng to verify the accuracy of this information and he replied:
Quote
Yes, I am selling my flat to raise some funds for my campaign. As the leader of the party and the Tampines team, I need to build up my war chest in preparation for the eventual battle.I am able to do this basically because my wife and daughter are working and studying in Hong Kong and I am taking care of my aged mother (81 years old) by staying with her now. Most importantly, I am fortunate to have a very understanding and supportive wife. Freedom is not free. Pursuing Freedom and providing others the freedom of choice is not free. Some have asked me why don't I just take a personal loan. I don't like to have too many liabilities in life. On the other hand, selling my flat may serve me well. If I lose, so be it. Maybe by then, it would be much easier for me to join my family in Hong Kong to start fresh again. It is never easy to maintain a family in two places. If I win, I would be able to buy a flat in Tampines and become the Full Time MP there. Things will have to be rearranged in either outcomes.I think the most important thing is for people to realize that politics is about public service; not just opposition politics, but it is expected of the ruling party politicians as well. Public service may mean sacrifices on both financial as well as family time. Meng Seng
Unquote
My comments
Meng Seng is sincere and willing to serve the people of Singapore. I like to wish him success. I hope that Singaporeans realise the personal sacrifice that people like him have to make to make to provide an alternative voice for the people.
HDB's place in Singapore's history
Richard Lu wrote about the special place of HDB in Singapore's history and how the role has changed (in the wrong direction) over the years. Read his article here
My comments
I agree with his view that HDB flats should be kept affordable and should not be a means of generating wealth. .
My comments
I agree with his view that HDB flats should be kept affordable and should not be a means of generating wealth. .
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