PE: Four-cornered fight for Presidential race

http://www.channelnewsasia.com/stori...147483/1/.html

PE: Four-cornered fight for Presidential race
Posted: 17 August 2011 1317 hrs

SINGAPORE: Singaporeans will go to the polls to elect a new President on August 27.

It will be a four-cornered fight between medical doctor Tan Cheng Bock, investment adviser Tan Jee Say, and directors Tony Tan and Tan Kin Lian.

They were confirmed on Wednesday as candidates in the Presidential race after no objections were raised at the close of nominations.

Returning Officer Yam Ah Mee officially announced the list of candidates for the presidential race at about 12.45pm.

All the candidates then gave a short speech to thank their supporters.

Dr Tan Cheng Bock, 71, said he wants the office of President to be a place for Singaporeans to unite and to promote multi-racialism in the country.

Mr Tan Jee Say, 57, said the primary purpose of the Elected President is to provide checks and balances.

Dr Tony Tan, 71, said the Presidential Election is different from the General Election and that the President must be above politics.

Mr Tan Kin Lian, 63, said his campaign slogan is to be the "Voice of the People" and urged Singaporeans to support him.

The candidates are now expected to go full swing into their nine-day campaign period.

Each candidate will be allowed to hold one outdoor rally at designated sites approved by the police.

The first Presidential Candidate Broadcast will be held on Thursday from 8pm to 11.30pm across various free-to-air radio and television platforms.

The Media Development Authority said the platforms are made available in all four languages to the candidates.

The first broadcast will be in English at 8pm on Channel NewsAsia and 938Live.

The Manpower Ministry has reminded employers that Polling Day on August 27 is a public holiday and should be treated in the same manner as any other public holiday.

It said all employees covered by the Employment Act are entitled to paid public holidays.

If an employee is required to work on Polling Day, he is entitled to an extra day's salary for the day's work, or be given a day off.

Employees who are not required to work on that day are also entitled to one day off-in-lieu, or be given one day's pay, similar to other public holidays falling on a Saturday.

- CNA/al

Just saw whole list of this video on youtube

http://www.youtube.com/watch?v=mFo9OzROkmA

http://www.youtube.com/watch?v=vP8IR...eature=related

http://www.youtube.com/watch?v=Kk6Du...eature=related

http://www.youtube.com/watch?v=rggPs...eature=related

I want to vote for him but I booked my airticket to go overseas month ago :(. He's the only one who looks and speaks like a President. Anyone managed to claim travel insurance for travel cancellation due to general election polling day?

Stupid ACE insurance Filipino call centre told me "we are customer service only, we can't advice you." They are there just to pick up the phone and try to get you to hang up :doh: Emailed them a week ago but no response.

Just vote for tjs lah, tt and tcb will just be another two pap parrots.

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Originally Posted by Regulators

Just vote for tjs lah, tt and tcb will just be another two pap parrots.

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He sounds interesting, too bad he joined the wrong party, means his judgment is questionable.....

List of tt's 'achievements':--

When TT is Education Minister: He opened floodgates for foreign students.
-When TT is Education Minister: He objected to establishing a 3rd university until Nanyang Technology Institute had been set up fully to become a full University (now NTU). In 1998, When asked if measures would be put in to protect Singapore students from competition "There is no way in which you are going to be able to protect either Singaporeans or Singapore because we are a small country."
-When TT is Defence Minister: His son defer 12 yrs of NSF and became a research scientist (what vocation is that?) after he came back to serve.
-When TT is Minister for Trade and Industry: Oppose against building MRT.
-When TT is GIC chairman: Lose how many billion?
-When TT is SPH chairman: Our media ranked 154th.

Quote:

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Originally Posted by Regulators

Just vote for tjs lah, tt and tcb will just be another two pap parrots.

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With some many unions backing TT, he seem to be the favorite. As for many who want to vote for alternative voice, I would say their choice a somewhat uncertain..., if TJS can rise to the occasion in the campaigning period, he stand a good chance, but I feel that on the ground, he need to increase his visibility with votes.
Now it's the beginning, hope we can expect the unexpected...
:2cents:

Tjs has the support of majority of opposition voters that makes up roughly 40% of the voting population. If pap supporters split between tcb and tt and all who vote for opposition vote for tjs, then it is very clear who will be the winner.

Quote:

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Originally Posted by land118

With some many unions backing TT, he seem to be the favorite. As for many who want to vote for alternative voice, I would say their choice a somewhat uncertain..., if TJS can rise to the occasion in the campaigning period, he stand a good chance, but I feel that on the ground, he need to increase his visibility with votes.
Now it's the beginning, hope we can expect the unexpected...
:2cents:

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Quote:

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Originally Posted by Regulators

Tjs has the support of majority of opposition voters that makes up roughly 40% of the voting population. If pap supporters split between tcb and tt and all who vote for opposition vote for tjs, then it is very clear who will be the winner.

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Opposition parties need to come out and endorse TJS more openly. This is my gut feel now:

TT: 40%
TCB: 20% ( suspect he may get some of PAP voters and old folks )
TKL:10% ( he will be able to get some of those sitting on the fence )
TJS: 30% ( assume all opposition parties endorse him )

But campaign may tilt the the balance of the above. :2cents:

TKL no supporter ah? :D

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Originally Posted by taggy

TKL no supporter ah? :D

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While calls have been made by many for voters to vote independently of political party linkages ( ex linkages ), this is quite difficult in the minds of majority of voters I feel. End of the day, it could still be candidates from ex PAP vs ex Opposition..., and TKL because of his past with NTUC is seen to be still linked to PAP, even though the way he left NTUC suggest some fallout...

I guess people who vote for TKL may be drawn to his involvement in trying to voice on the past Lehman Bros saga and also the fact he openly declare he will give half of his salary away if elected....:2cents:

Quote:

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Originally Posted by land118

Opposition parties need to come out and endorse TJS more openly.

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Have leh, I saw Nicole seah in TJS team :D

Quote:

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Originally Posted by taggy

Have leh, I saw Nicole seah in TJS team :D

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Yes, I saw that too, but what about the rest of the opposition parties..., seem quiet, maybe silently they have got their supporters to TJS, just never announce...

Quote:

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Originally Posted by taggy

Have leh, I saw Nicole seah in TJS team :D

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Alamak, Nicole Seah fever still not over? Lol

Firstly, if 60.1% remain steadfast and vote TT, no need fight anymore la...

Also, Spore politics still very immature...
Ideally, should be one vs one fight...but this just goes to show that PAP is heads and shoulders ahead, while 'opposition' naively split the fertile ground themselves by surfacing with 3 'good' candidates.

If upfront cannot cham siong and compromise, its foregone conclusion ~~ today's 4-corner election announcement just "confirmed" TT will slay all the rest!

:scared-2: :scared-2: :scared-2: :beats-me-man: :beats-me-man: :beats-me-man:

Quote:

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Originally Posted by TKT

Firstly, if 60.1% remain steadfast and vote TT, no need fight anymore la...

Also, Spore politics still very immature...
Ideally, should be one vs one fight...but this just goes to show that PAP is heads and shoulders ahead, while 'opposition' naively split the fertile ground themselves by surfacing with 3 'good' candidates.

If upfront cannot cham siong and compromise, its foregone conclusion ~~ today's 4-corner election announcement just "confirmed" TT will slay all the rest!

:scared-2: :scared-2: :scared-2: :beats-me-man: :beats-me-man: :beats-me-man:

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Yes...4 corner fight likely to leave 3 non Union backed candidates wounded. These 3 quite difficult to give in to one and other becos they each fight for somewhat different cause:

TCB: I would see that he is the ruling party political offshoot who dun see eye to eye with current Gov, but still pretty much in the mould of the PAP of the old ideology ( was 1st to declare his intention, probably hope that it will be a straight 2 way fight )

TKL: no political backing, got an axe to grind with NTUC...( best candidate to give way, but did not)

TJS: opposition backed..., how to step aside and give way.., he needs to answer to his supporters..:2cents:

Quote:

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Originally Posted by land118

Yes...4 corner fight likely to leave 3 non Union backed candidates wounded. These 3 quite difficult to give in to one and other becos they each fight for somewhat different cause:

TCB: I would see that he is the ruling party political offshoot who dun see eye to eye with current Gov, but still pretty much in the mould of the PAP of the old ideology ( was 1st to declare his intention, probably hope that it will be a straight 2 way fight )

TKL: no political backing, got an axe to grind with NTUC...( best candidate to give way, but did not)

TJS: opposition backed..., how to step aside and give way.., he needs to answer to his supporters..:2cents:

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Thats why its called cham siong and compromise... that also cannot achieve, in the end all empty handed...

imho, TCB should had tried harder to be the consensus vote...once it was clear that there will be 2 others besides him against TT...
talk to TKL, bring him along as his vp or council of elders or something later, discuss, compromise, work together...
as for TJS, who is he? neber heard of him until the recent elections...and frankly not impressed with him at all so far, be it corporate success nor any significant track record of public service... he should wait and give way to TCB this time...and work hard for next 6 years to show he has the qualities to be the next president...

Anyway, now too late lar... :doh:
I talk kok sing song only hor, dont too serious... :scared-2: :scared-2:

Power of new media, facebook and twitter may again play a big part to sway voters who are Internet savvy....as we see in recent GE..., but TT seemed very confident...

Not good, reserve dropping...
"Bought in 2006 at 49.25 baht per share and now selling at a loss of 35.5 and 37.25 baht per share, not including interests. What a great way to manage our country's reserves"..., believe there could be forex loss as well...

"is the timing of the sales pure coincidence? Temasek bought Shin Corp from Thaksin in 2006. And now selling Shin Corp shares right after Thaksin's sister Yingluck Shinawatra was voted in the new Prime Minster last week"

http://www.reuters.com/article/2011/...7JH2NA20110817

Singapore Temasek selling stake in Shin Corp - IFR

SINGAPORE, Aug 17 (Reuters) - Singapore state investor Temasek is selling 253.5 million shares in Thailand's Shin Corp at between 35.5 and 37.25 Thai baht a share, in a deal that could raise up to 9.44 billion Thai baht ($316 million), IFR Asia reported.

The accelerated bookbuilding for the deal was launched by Cedar Holdings, a Temasek-owned entity, late on Wednesday through sole bookrunner Morgan Stanley , IFR said.

A Temasek spokeswoman in Singapore declined to comment.

Temasek bought its Shin Corp stake from the family of Thailand's former prime minister Thaksin Shinawatra in 2006. After Shinawatra was deposed later that year, Temasek signalled it would reduce its stake in the telecoms firm

Current share price of Citibank tonite is about USD30/- and UBS is 11.62 CHF, lo$$


Business Times - 26 Jul 2011

GIC's long-term view on Citi, UBS unchanged

By CONRAD TAN

(SINGAPORE) The Government of Singapore Investment Corp's long-term view on Citigroup and UBS hasn't changed despite higher capital requirements that are likely to reduce the banks' future profitability, GIC's investment chief Ng Kok Song said yesterday.

GIC's original investment of 11 billion Swiss francs (S$16.2 billion) in UBS, made in March 2008, is still showing a heavy paper loss of some 5.6 billion francs, BT's calculations show. By contrast, its remaining stake in Citigroup is showing an unrealised gain of some US$1.1 billion, by BT's estimates.

'All global banks are likely to be affected to some extent' by the new Basel III international capital rules, Mr Ng, GIC's group chief investment officer, told reporters at a briefing. 'But our investment thesis for Citi and UBS was based on our assessment of their long term business potential.'

'In the case of Citigroup, it is one of the few banks in the world with such a big franchise in global emerging markets. Its recent results showed that, notwithstanding its losses in the US, it continued to earn very good profits and to grow its business in the emerging economies.

'In the case of UBS, we're talking about the wealth management business, which is the heart of UBS. The wealth management business is less affected by the capital increases, because you don't need that much capital to run the wealth management business as compared to trading in the investment bank.

'So our long term view on these two banks remains unchanged. But in the short term, they, like most of the global banks, are affected by sentiment in the market.'

Meanwhile, potential losses from bad debt at Chinese banks are unlikely to overwhelm China's banking system, he said. 'The Chinese government has the financial wherewithal, if necessary, to recapitalise the banks, so I don't think you're going to have a systemic problem such as what we saw in Europe.'

GIC owns 245.48 million UBS shares, or a stake of 6.41 per cent in the bank, UBS's latest annual report shows. That stake would be worth some 3.41 billion francs, at UBS's share price of 13.88 francs at 9.30pm Singapore time yesterday. Even after including the 1.98 billion in coupon payments that GIC received in the first two years of its investment in UBS, its paper loss is about 5.6 billion francs, or 51 per cent of the original 11 billion francs.

By contrast, its current stake in Citi is showing a large paper gain.

After selling half its original stake in Citi for a profit of US$1.6 billion in September 2009, GIC still owns 3.86 per cent of the bank's ordinary equity - or about 112.095 million shares.

The average cost of those shares was US$29.50 each - after adjusting for a reverse split of Citi shares in May that merged every 10 of its shares into one share - based on information provided by GIC in September 2009.

At yesterday's opening price of US$39.69 for Citi shares in New York, the shares would be worth about US$4.45 billion, compared to the US$3.31 billion cost of acquiring them, giving GIC a paper profit of US$1.14 billion, or some 34 per cent.

Quote:

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Originally Posted by land118

Just saw whole list of this video on youtube

http://www.youtube.com/watch?v=mFo9OzROkmA

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TAN JEE SAY: ‘MY SUPPORTERS WERE NOT RIGHT TO BOO TONY TAN’

http://thesatayclub.net/2011/08/tan-jee-say-my-supporters-were-not-right-to-boo-tony-tan/`

asked them liao, they said at that point in time , they represent the PEOPLE

Give Up

By Nigel Tan

Chief Editor

Presidential candidate Tan Jee Say demonstrated that he could play a unifying role as Singapore’s President by admitting that his supporters were not right to boo rival candidate Dr Tony Tan at the People’s Association headquarters on Nomination Day. He added that he always tells his supporters to conduct themselves in a “civil” manner.

“I thought that was not the correct way to conduct our campaign. We should show respect to everyone,” he said.

Mr Tan has been described as having a direct and confrontational style, an image that is augmented by his past associations with the Singapore Democratic Party (SDP). However, the former senior civil servant insists that “being forceful shouldn’t be construed as being confrontational or combative”.

He further explained that Singapore could not to afford to have a “meek President”, since it was the President’s duty to stand up to a “strong and formidable government that has been in office for a long time”.

Mr Tan’s supporters jeered loudly when Dr Tony Tan was making his Nomination Day speech, chanting “**** liao bee” (Hokkien for “good for nothing) and “Patrick Tan”, in an obvious reference to his son who was given a 12-year disruption from National Service while Dr Tan was Defence Minister.
Earlier, Dr Tan – who is widely seen as the candidate most closely associated with the ruling People’s Action Party (PAP) – expressed that he was “deeply disappointed” by the jeers that he received at the nomination centre. He argued that Singaporeans should give all four Presidential candidates a fair chance to be heard.

Dr Tan has insisted that the President does not have the power to serve as a check and balance on the government, and that the office cannot be an alternative power centre. He says that he will raise issues informally and in private with the government, and believes that his views will be influential because the Prime Minister and other cabinet ministers know him well.

The author is Chief Editor of The Satay Club

In 1981, MRT project was the largest and biggest construction ever in Singapore history was pushed through by the Late , Ong Teng Cheong, then was the Minister of Transport. Of course there were barrier and resistance from the Parliament but TT opposed this....

ST article in 1981 below

"Foolish to build MRT now: Tony Tan"

maybe former ayer rajah pap voters who voted for TCB does not vote for TT leh? So he will get less than 60.1.

but TJS and TCB will likely take votes off each other. TKL looks like he will get the least votes. :ashamed1:

Quote:

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Originally Posted by TKT

Firstly, if 60.1% remain steadfast and vote TT, no need fight anymore la...

Also, Spore politics still very immature...
Ideally, should be one vs one fight...but this just goes to show that PAP is heads and shoulders ahead, while 'opposition' naively split the fertile ground themselves by surfacing with 3 'good' candidates.

If upfront cannot cham siong and compromise, its foregone conclusion ~~ today's 4-corner election announcement just "confirmed" TT will slay all the rest!

:scared-2: :scared-2: :scared-2: :beats-me-man: :beats-me-man: :beats-me-man:

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i disagree. i think tcb may be more like ong teng cheong.

Quote:

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Originally Posted by Regulators

Just vote for tjs lah, tt and tcb will just be another two pap parrots.

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Quote:

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Originally Posted by bargain hunter

i disagree. i think tcb may be more like ong teng cheong.

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yes!

support TCB!!!!!!!!!!!!!!

Quote:

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Originally Posted by bargain hunter

maybe former ayer rajah pap voters who voted for TCB does not vote for TT leh? So he will get less than 60.1.

but TJS and TCB will likely take votes off each other. TKL looks like he will get the least votes. :ashamed1:

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This is our president election. If its a much more important role like PM den i surely go for the safest TT:ashamed1:

TJS and TKL NO WAY:sleep:

TCB.....go go go!:D

Quote:

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Originally Posted by Regulators

Just vote for tjs lah, tt and tcb will just be another two pap parrots.

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funny comment

den TJS will just be another opposition parrot?

PAP supporters will vote for PAP parrots. Non-PAP supporters will vote for non-PAP parrots! Simple? :o