Sunday, June 5, 2011

Shares the same values

There is a difference between people who work together because they share the same values and those who work as "yes" men.

An ex-colleague has given his views about my management style and being surrounded by "yes" men. I do not mind his observation, but it is unfair to my former colleagues who are tainted by his statement. I have posted this reply in his blog. Read here.

The meaning of public service

I wish to explain my concept of public service and to introduce an idea for a new charity to help poor families to pay the school fees of their children and hospital bills of the elderly people. 


It will be funded by a significant portion of the salary of the President, if I were to be elected into this office, and will seek  the support of many kind hearted and wealthy people in Singapore. Read here.

Posting in Yahoo website

Like to read comments about Tan Kin Lian, former CEO of insurance company INCOME.
He was prepared to act independently in 2008, duing the financial cirisis, to support those who had been mis-sold structured financial product. He did not wait till 2011 when it became clearer that many people were disenchanted with the PAP style of ruling the nation.

In INCOME, he was always advocating that the investment gains should go to customers rather than to pay fat commissions. Inspired by Dr Goh, He pushed INCOME to never forget the low wage customer while foreign insurance companies preferred to chase the more well-off customers.

Now he says he will donate a large part of the EP salary to charitable purposes. http://preview.tinyurl.com/6jtzvep
Some say he is not a very sociable guy -- but actually, if you put your heart into the job, its not very hard to fulfill the ceremonial functions and to go around making small talk, shaking hands, holding babies and posing for pictures with the public. This is not the hardest part of the job -- the really hard part is to have enough understanding of the complex financial world to ensure our reserves are well managed (decent returns with minimum risk) and guarded.


Anthony Chia

Lehman investors get $100 million surprise - Australia

http://www.theage.com.au/business/lehman-investors-receive-100m-surprise-20110516-1eq25.html

Deposit Insurance Scheme

The Government guarantee, given during the 2008  financial crisis, on all bank deposits in Singapore will expire soon (or has expired). In the future, bank deposits will be covered under the Deposit Insurance Scheme. This FAQ explains how the deposit insurance scheme works. It will also be the agency for the Policyholder Protection Fund (which comes into operation when an insurance company becomes insolvent).

Operation Spectrum 1988

Here is an article of Operation Spectrum, which was used to arrest 22 social activists and professionals on the accusation that they were "Marxist conspirators". They were detained under the Internal Securities Act, without trial.  See http://en.wikipedia.org/wiki/Operation_Spectrum.

Recently, I met Vincent Cheng and Teo Soh Lung, who were alleged to be the ring-leaders. They told me about his activities at that time (mainly as social workers to help people with difficulties) and their treatment under detention. Both are mild mannered and soft spoken and can hardly be considered as people capable of conspiring to overthrow the Government.

When the operation occurred in 1988, I did not follow the event closely. I was not active in the grass-roots or political work and not connected to the church. I did not have any source of information apart from the newspapers and was quite skeptical about what was being reported. There was no Internet at that time.

This kind of abuse of the Internal Securities Act is less likely to happen today, due to the availability of alternative media, such as the Internet, blogs and facebooks.

Tan Kin Lian
 

Follow TKL blog

You can register to follow this blog. Click on the icon on the right. Each morning, you will receive an e-mail showing a summary of the new postings in this blog. I have registered as a follower only recently, and I now get a daily e-mail. It is a useful summary.

Denise Phua and Ministers' Salaries

Hi Mr Tan Kin Lian,
 
I have followed your blog since 2007. Find that most of the posted issues are factual and objective. These are the reasons that your blog is so popular and has a record of about 3 millions visitors record till date. In fact, some of my friends read your blog first in every morning.

It is my sincere hope that you can post the attached Denise Phua's speech on your blog. This can be a good reference for the Salary Review Committee.

 
As regard to your decision to run for the presidency, it is a noble thought that you do not want any walkovers. The only thing is to participate in the race. LET THE BEST MAN BE THE WINNER.
 
Paul 
 

The toxic investments saga in 2008

http://www.youtube.com/watch?v=26GKHmbZCzQ

Powers of the President of Singapore

http://en.wikipedia.org/wiki/Powers_of_the_President_of_Singapore#Internal_Security_Act

Create the Singapore we used to love

http://singaporeshortstories.blogspot.com/2011/06/support-tan-kin-lian-as-president-of.html


I really hope Tan Kin Lian will become Singapore's next President and help recreate the Singapore we used to love. A Singapore where people are friendly to each other, a Singapore where money does not divide or dictate the status of a person, a Singapore where Singaporeans can feel home, can feel the true quality of life, and not via measure of how much a person earns.

Mr Tan, would really hope you can be our President of Singapore and bring enlightenment to our Singapore Society which is now lost due to money.

Misplaced trust in the system

Dear Mr. Tan,

May I know if you were elected president, would you be able to set up a board of inquiry into the many different cases where innocent consumers lost money because they trusted the system too much?

- true spa subtle senses wax in the city wellness village naughty by nature etc
- land banking
- minibonds
- teachers who have to pay liquidated damages for failing their practicums

I hope you will expose the many injustices in Singapore.



Victim


REPLY
I do not know if this is possible, but I will give it some thought.

Encouragement from a student of SMU

Hi Prof. Tan

I was a staunch believer of the Singapore government and their way of doing things. But as time passes and at this present time, I finally begin to understand the simmering unhappiness among many of our citizens. I begin to see and acknowledge that there is a wide group of people that have fallen through the cracks and our country is no more what it used to be in the 1990s, a melting pot of diverse cultures but one where people who were born here cannot really call home anymore. The familiar feeling of being unfamiliar is ever present.

But alas, the elections has indeed brought about change. Today’s Straits Times mentioned about how a mother used to write to MOE but fail to get a response in the past, but now she gets a response on her feedback. This can only be good for Singapore in the long run and I believe you would act as a good check and balance on the PAP government. I have attended numerous opposition rallies and have learnt a lot from those.

I trust you would make a good president. Regarding the prospect of smear campaign, I think it is inevitable given this day and age of the Internet but I feel that as long as you are answerable to yourself and believe what you are doing is right, everything is justifiable.


Hope this personal encouragement message reaches you well and all the best!:)

Student of SMU

Questions for Tan Kin Lian

Samantha Anne Wimala4:44pm Jun 5th
Dear Mr Tan

As a concerned citizen of this country and first time voter, I would like to ask two possibly very difficult questions:

1) If elected, how do you propose to look after the reserves of our country? I do know that you have a wealth of experience and would be more than qualified to handle the task at hand, but it would be most helpful if you could give an insight as to whether you would do anything similar or different from the past presidents.

2) Secondly, a question has emerged among netizens as to the involvement of Dr Tan Cheng Bock in Operation Spectrum. In the interest of fairness, I would have to ask you, most respectfully of course, if you agree with the manner in which the operation was handled? Also, in keeping with the theme of this question, I wish to ask (since I did ask Dr Tan the same question), if elected, would you work towards the phasing out of the Internal Security Act or do you feel that the Act is still relevant today?

I would be most grateful if you could answer my questions. It would be most helpful for us voters to have a clear insight into who we wish to see in the Istana.

I would like to end off by thanking you for wishing to run for president, and to speak up for the common man.

Many Thanks and Best Regards,

Samantha
REPLY
I will give my reply to your issues in due course.

HK and mini-bonds

SFC’s strategy in resolving Lehman Brothers-related matters bears fruit
http://www.sfc.hk/sfcPressRelease/EN/sfcOpenDocServlet?docno=11PR61