Sunday, June 5, 2011
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
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
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.
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.
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