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Eight observation points on opening statement by SC Chelva Retnam (Part 5 of 8)

5. PAST PRACTICE PRINCIPLE There was this interesting exchange between SC Rajah for the Defendants and KPMG auditor Owen Hawkes during the cross-examination yesterday. The KPMG Report is important because it forms the basis for the Plaintiffs’ claims against the WP MPs and town councillors. Rajah questioned Hawkes as to why...

HDB bear market is more than 5 years already – due to ’99-year lease’ problem?

I refer to the article “HDB prices fall 0.2% from previous quarter; 3,800 BTO flats to be released in November” (Straits Times, Oct 1). It states that “Housing Board resale prices fell 0.2 per cent for the third quarter from the previous quarter this year, according to the latest flash estimates released on Monday (Oct...

Another flaw in argument why ministers’ pay must be linked to fat cats ‘ pay

Many of the people in the fat cats top earners list that the PAP govt uses to set the pay for ministers are senior bank executives But has thePAP govt ever tot about the banks’ KPI for bonus payments? “If you rob a bank, you go to jail. If a banker robs you, he gets a bonus,” says a UK minibus saleman who found he had...