TR EMERITUS

Video produced by The Enquirer TV, The Singapore Enquirer Prologue: In a meet-the-people session conducted on 21 December 2008, Transport Minister Mr Raymond Lim told Macpherson residents that "public transport fares is not directly linked to oil prices" and therefore it has not come down in tandem with dropping oil prices. We ask Macpherson residents what they think of Mr Lim's explanation.  [youtube=http://www.youtube.com/watch?v=jsnX5QJ90UA&hl=en&fs=1] Also read our rebuttal of Mr Raymond Lim's lame explanation here Excerpts of interview: "I doubt it. Because definitely oil plays an important part in the economic stability, so when the oil prices come down, we should expect certain depreciation in the transport costs." "Actually since the oil prices have already come down, they should reduce the price." "Transport fares are very expensive nowadays !" "Now the oil prices are very low, the transport fares should be coming down.....He (Raymond Lim) can say his own thing, we people have our own views." "There are many poor people nowadays. Prices keep going up, but never go down !" Results: We interview a total of 40 Macpherson residents: 1. Are transport fares expensive ? Expensive: 25   Affordable: 10   No comment: 5 2. Mr Raymond Lim says that oil prices are not linked to transport fares. Do you believe what he says ? Yes: 0   No: 34   Don't know: 6 3. Should transport fares be decreased soon ? Yes: 38   No: 0   No comment: 2 Conclusion: 62.5% of those interviewed agree that transport fares are expensive, 85% do not believe in Mr Raymond Lim's explanation that oil prices are not linked to transport costs and 95% hope that transport fares will be decreased soon.  Read More →

Video produced by The Enquirer TV, The Singapore Enquirer [youtube=http://www.youtube.com/watch?v=WkfS-qJQHMI&hl=en&fs=1] Excerpts of Mr Leonard Loo's speech: "For those of you who has complained to the FIs, my personal suggestion is to speak to a lawyer and ask them about your legal rights. I am not asking you to come to my law firm." "One of the things you must prepare before a class action is the documents such as the prospectus and the risk profile assessment. With these things, you can go and see a lawyer." "If there is any offer of compensation from the FIs from the class action, please consider it carefully."  Read More →

Video produced by The Enquirer TV, The Singapore Enquirer PART 3  [youtube=http://www.youtube.com/watch?v=zwTN0_xHAMw&hl=en&fs=1] PART 4  [youtube=http://www.youtube.com/watch?v=pvikG-QPn7o&hl=en&fs=1] Excerpts of Mr Tan Kin Lian's speech: “This is the style in Singapore now. You write no letter - no news, no reply. Second letter - no news, no reply. Third letter - no news, no reply. I don’t know what has become of Singapore. Where is the accountability and fairness ? You see, these are people, their job. When people write to me, ask for my help, it is not my job, but anybody who write to me, I give a reply even though sometime my reply is ‘I am sorry, I don’t know how to answer.’ ….As best as I can, I do give a reply. This is the government officials’ job, they don’t reply to you. I send second letter, they don’t reply, I send third letter, they don’t reply. So I don’t know why I hope that at least if you can’t handle, just give a reply, don’t just quietly ignore it.” “So far the complaint with the banks is very slow, takes 5 to 10 weeks…95% rejected, then the complaint to FIDReC, very few submitted and those who submit, very few are heard, so it will take a long time. MAS say don’t take legal action, depend on the complaint process in Singapore, but after 3 months, many people are becoming impatient….many people already want to take legal action.” “Again I want to be quite honest. A legal action can take a long time, you go to court, after you fight the court whether you win or lose, the bank can still appeal, then go one more time, so it is going to be long and quite messy, but Mr Loo agree with my committee that the maximum fee is S$4,800.” “My honest opinion is - the banks will not go to court, the bank will settle out of court, because to go to court, the publicity is going to be very bad for the banks and for Singapore, but of course right now, the bank say it will reject and reject…..but if you are willing to fight, the bank will negotiate a settlement….at that time, even the government may change their mind, if the reputation of Singapore is so bad, how can in Singapore, ordinary people can lose their money and nobody come and help, who will dare from other countries to put their money in Singapore if Singaporeans lose their money like that, maybe the government will ask the banks to settle.” “Who will the banks settle with ? Those who join the class action. Some people say ‘I sit down and wait for other people to fight.’ When the fight is over, those who join the fight will get the compensation, not you….You have to make the judgment yourself, whether to fight. My wish is that even before we go to court, this thing is settled.” EDITORS’ NOTE: The Singapore Enquirer will be burning the speeches of Mr Tan Kin Lian on 29 Nov 2008, 6 Dec 2008, 13 Dec 2008 and 27 Dec 2008 on DVD. If you are interested in getting a copy of the DVD, please email us at [email protected] and we will post it to you by mail completely F.O.C.  Read More →