“As sound as Mr Tharman Shanmugaratnam saying that the govt cannot disclose why Charles Goodyear left Temasek even though “there is public interest”.
As sound as how Ho Ching’s salary cannot be revealed (when even the Prime Minister’s can).
As sound as how Lawrence Wong said the govt cannot release secret Cabinet Papers from 50 years ago because “it will not lead to good governance”.
As sound as how PAP town councils did not disclose investments in toxic financial products until Lehman Brothers collapsed; or how the PAP did not disclose it owned a private company to which PAP town councils sold an entire computer system they had created with residents’ money.
As sound as the SMRT itself using cable ties to secure the “claws”, or metal grips, which had become dislodged on the tracks. A fact which only came to light during an investigation.”
read more @ “What Khaw Boon Wan said is reasonable” and #ownselfcheckownself
“Even government can sometimes make dubious investment decisions. The most infamous example is the fiasco concerning eight town councils run by People’s Action Party (PAP) which had $16 million invested in the various Lehman Brothers-linked products. Many analysts were shocked and disturbed that town councils had invested in such structured product using tax payer’s fund. After all, the mandate of town council is different from sovereign wealth funds like Temasek Holding.”– source
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“By using words like “routine” to describe what happened, and to compare the cracks on the train body to hairline cracks which often appear on a newly plastered wall, the Transport Ministry risks giving some the impression that it is taking the serious problem lightly.
Cracks do not always happen catastrophically. They may well begin as hairlines. But if impurities in the metal is the cause, the entire structure may weaken over time.” (Source: Straits Times)
timeline discovery and repairs of train defects – source: ChannelNewsAsia
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