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Wednesday, June 30, 2010

Good Food and Wine show

Yes this is around the corner clashing together with Church Camp. Now here is the conundrum what should i do ?

Maybe i can go to the show in the afternoon when there is spare time. It would be good to go and look at wines all over perth. Would be nice to not drive but just enjoy all the wines at one place

Monday, June 28, 2010

The architect behind Singapore dies

Its an interesting read, Mr Goh started everything in Singapore from finance to defence to education to Housing development. Everything we have today in Singapore was all down to this one man and of course Ong Sui Sen.



EULOGY BY MINISTER MENTOR LEE KUAN YEW AT THE
STATE FUNERAL SERVICE
FOR THE LATE DR GOH KENG SWEE
AT THE SINGAPORE CONFERENCE HALL, SUNDAY 23 MAY 2010
The Family of the late Dr Goh Keng Swee
Mr President
Ladies and Gentlemen
It was my good fortune to have strong men around me. Of all my Cabinet colleagues, it was Goh Keng Swee who made the greatest difference to the outcome for Singapore. He had a capacious mind and a strong character. When he held a contrary view, he would challenge my decisions and make me re-examine the premises on which they were made. As a result, we reached better decisions for Singapore. In the middle of a crisis, his analysis was always sharp, with an academic detachment and objectivity that reassured me. His robust approach to problems encouraged me to press on against seemingly impossible odds.
If ever there was a slow developer, it was Goh Keng Swee. He did not shine until he got to Raffles College where he was the best student of his year in economics. I first met him there when he was my economics tutor in 1940/41. He had a large Adam’s apple and a gruff voice as he mumbled his comments on the essays of the five students who appeared before him for tutorials. I did not then realise how sharp and clear a mind he had. We met again during the war when he was an impoverished government servant, paid in Japanese “banana notes”.
Our friendship developed when we met in London in 1949-1950 when he was studying at the London School of Economics on a scholarship. I was in London preparing for my Bar finals. We shared a common view that we could run Singapore and Malaya better than the British colonial officials. We became close friends. Together with Kenny Byrne, Toh Chin Chye and S Rajaratnam, we planned to build up a mass movement, to form a political party, win elections and take over from the colonialists. We were blissfully ignorant of the wide tentacles of the communist underground that gripped the Chinese educated world. By the time we discovered how ubiquitous the communists were in the Chinese schools and universities, clan associations, chambers of commerce, and old boys’ associations, they had their tentacles around us. Together we planned and got rid of the communists from the PAP, then beat them in the referendum in 1962 to join Malaysia and in the general elections in September 1963.
He was hopeless as a campaign orator, but a formidable analytical mind. His writings were crisp, elegant and forceful. After we had joined Malaysia, he stood up for our rights and fought to protect Singapore’s interests against the Federal Finance Ministry. After two years of constant friction and two race riots, in July 1965, he met with then Malaysian Deputy Prime Minister Tun Abdul Razak and Minister for External Affairs Tun Dr Ismail Abdul Rahman. I had asked him to negotiate a looser re-arrangement for Singapore but keep Singa­pore within the Federation. He decided that the best alternative was a clean break.
After Tun Razak and Dr Ismail agreed, Eddie Barker and I worked furiously to settle the terms of the separation. To avoid tipping off the British, the constitutional amendments had to be done with utmost secrecy and executed in three readings of the legislation in one session of the Malaysian Parliament. Hence on 9 August 1965, the Republic of Singapore became independent.
He was my trouble-shooter. I settled the political conditions so that his tough policies we together formulated could be executed. I gave him the toughest jobs in government: the Ministry of Finance from 1959 to 1965 when economic survival was crucial; Ministry of Defence in 1965 when all we had were two battalions of the Singapore Infantry Regiment, that then had more Malaysians than Singaporeans.
When the British announced withdrawal of their forces in 1967, I sent him back to the Ministry of Finance to deal with the loss of 20 percent of our GDP with the withdrawal of the British military spending. When that problem was resolved, he was back in 1970 as Minister for Defence. He mastered defence matters, read up the classics on strategy, Sun Tze, Clausewitz and Liddell Hart. He subscribed to military journals to know the latest in military weaponry. He sent me books and articles, sidelined and flagged, insisting that I must know enough to decide what I had to approve. I read them to have serious discussions with him on our options on arms purchases. He was, de facto, the armed forces chief of staff. He built up the SAF that we now have, an effective fighting force. He set up the Defence Science Organisation for R & D, and created several defence industries from scratch. The Singapore Technologies group now manufacture arms and ammunition and are into aerospace, electronics and computer systems.
After I merged Nanyang University with the University of Singapore in a joint campus, I appointed him Minister for Education. The dropout rate was high and many students left school illiterate. He had come across them as the “Hokkien soldiers” and instructed them in Hokkien. He re-organised schools into one national-type. We decided English was to be the language of instruction and of government; the mother tongue the second language.

In 1981, I asked him to take charge of the Monetary Authority of Singapore where our CPF and other reserves were managed. He set up the Government of Singapore Investment Corporation, and built up the organisation to invest and manage our growing reserves worldwide. I became the Chairman.

Many enduring organisations, a sturdy SAF, an education ministry that keeps abreast with the times; the MAS and GIC; EDB and JTC were built by Hon Sui Sen and Keng Swee.
He wanted Singaporeans to appreciate the arts. He promoted the Singapore Symphony Orchestra, the Singapore Zoological Garden, the Jurong Bird Park, Sentosa, the Chinese Garden and the Japanese Garden. He persuaded me to subsidise them for Singaporeans to have a feel for beauty and the arts.
He lived a simple and frugal life and managed Singapore’s assets in the same way, avoiding waste and maximising value for money. His prudence built up Singapore’s reserves.
Keng Swee and Rajaratnam helped me to select and ensure that we had a team of younger men who would take over the government without a drop in competence, drive or dynamism. We began the system of identifying talented people to bring them into government. In his last major speech in 1984 he reminded newcomers to the PAP to “regard the present condition of the Republic not as a pinnacle of achievement but as a base from which to scale new heights.”
He chose to retire in 1984.

Sunday, June 27, 2010

Serena's Wedding






Went to Kuching 2 weeks ago for Serena's wedding. Finally she is officially Pastor's Wife.

Its a title she has been praying for a long time.

I am happy she found someone in Kuching. Hopefully can go back again for her 1st baby's Birthday.

But i will stop flying budget. The airport is quite bad. Hot and stuffy. I thought it would be KLIA but it was not to be.

Thursday, June 24, 2010

Julia Gillard the " pretend " prime minister of Australia

It is truly a sad day for Australia politics, there was a coup d'etat in the Federal government early this morning, a bloodless coup but still a coup. I think this is for me an eye opener that you could actually overthrow a prime minister in his term.

Its utter nonsense that we should celebrate Gillard as a prime minister because the "people" did not voted for her. They voted for K Rudd. Yes I may be a liberal supporter but I still believe in moral integrity.

What Gillard and the union power brokers did are in my opinion immoral. We should never disrespect the leader the people have chosen. Gillard is NOT the prime minister the people choose, she is someone the union power broker chose. She screwed up the school scheme and was just as incompetent, examine her portfolio and think carefully. She said she would join AFL then to challenge K Rudd for the post, so i suppose she should keep her promise.

Yeah so a woman become a prime minister, but for all the WRONG reason. This is not the right way. If she can't keep her promise to join AFL so i suppose we should not trust her world for it. People always say we need be a man of our words. I guess this doesn't apply to woman.

I would not have mind if Gillard or the powers that be decide to overthrow K Rudd. But the proper and respectful way to do it is during the election period. That is why i suppose the Liberal, at least they have did not force out Howard even though they knew the polls were against him.

This is truly not the right way for Australia politics. If you want a strong government, it should be one with integrity and honesty, not one that has hidden agenda. I do not believe Gillard would make a good prime minister because she came to power because of union power-brokers with vested interest and i am sure whatever policies that she decides will have underlying interest to the powers that brought about the coup d'etat.

Choose your leaders wiser. Just because it may seem cool to vote for a Woman prime minister, this should not be your only reason.

Maybe we should vote an alternative party.













Tuesday, June 8, 2010

Just heard the news !!!

CHC under probe regarding funds. This shows how important it is that as a church we need to not just follow the law but we as a church should set higher standards in financial accountability.

As church gets bigger, we have to show the world that Church leaders are setting a higher standard. Hopefully the CHC leaders will be proven innocent, if not it will bring a bad image to the Christian.

Using money to personal profit or treating Church money as a personal account is a recipe for disaster. First was Renci Organisation, then NKF, now CHC.

Article 2 makes a really good read. It explains the issue of check and balance, that most religious organization is not equipped to deal with.



Here below are articles that make interesting read.


Article 1 :

When business and religion mix ...
SINGAPORE - New Creation Church counts Rock Productions, Omega Tours and Travel, and BrightStar Child Development Centre among its six affiliates.

City Harvest Church has its City Harvest Community Services Association and the School of Theology. It also bought a stake this year in Suntec Singapore's convention centre for $310 million through a special-purpose investment holding company.

Mega churches such as these have become more than just religious organisations. They now have separate entities for their offshoots, both charitable and commercial.

There are no clear rules, however, on how religious organisations and charities should relate to commercial activities, save for a clear governance principle and what the law determines is taxable or not, said Associate Professor Ho Yew Kee from the National University of Singapore.

The corporate governance expert said one reason to separate operations is to ringfence the religious organisation from financial liabilities should something go wrong.

"Let's assume I conduct a catering business within the church. If there's a mass poisoning, I can be sued, and I can bankrupt the whole church.

"If I set up a company to do catering, if there's a financial disaster, only the company will go bankrupt," Assc Prof Ho said.

The business aspect of mega churches has intensified in recent years.

New Creation's Rock Productions is building an integrated hub in Buona Vista with mall developer CapitaMalls Asia. The project, announced in 2007, will cost almost $1 billion. The church claims 20,000 members.

In a 2008 press report, Mr Matthew Kang, one of Rock's directors, was quoted as saying: "When we receive tithes and offering, we have to do something with the money. We can't put it under the pillow."

He said property was a good hedge against inflation.

When City Harvest - which has 33,000 members - announced the Suntec stake in March to its congregation, it clarified that the investment was "specifically intended to hedge the church against its rental costs at the same convention centre, and dividends received will help to defray rental costs".

The investment is separate from other regular activities of the church. Its holding company does not have charitable status and is not entitled to any tax or other concessions.

On an individual level, City Harvest founder Reverend Kong Hee owns two companies - International Harvest and Skin Couture - with his wife Ho Yeow Sun.

At least two entities that are said to be now independent of the church - education provider City College and dance school cum social enterprise O School - were also founded by him, according to the biography on his website.

City Harvest did not respond to MediaCorp's queries yesterday about the financial checks and balances it has in place. New Creation also declined to comment when posed the same questions on Tuesday.

Seventeen City Harvest members including Rev Kong are being investigated by the Commercial Affairs Department and Commissioner of Charities for alleged misuse of funds.

Last night, the church's executive pastor Derek Dunn issued a statement to thank members for their "kind words of encouragement".

He said the church was unable to furnish members with updates as investigations are still underway.

But it is cooperating fully with the authorities, and operations continue as normal, save for the planned closure of its corporate office after an international conference last week.



Article 2 :

Commercial activities may expose charities to governance risks
By Hoe Yeen Nie | Posted: 02 June 2010 2118 hrs


SINGAPORE : The commercial activities of City Harvest have generated interest recently. And experts said religious charities that go into business expose themselves to governance risks, including the lack of proper checks and balances.

For mega churches like City Harvest, a huge membership base means more funds - but also higher expenses. And they are not the only ones which have gone into business to raise revenue.

For example, at Mount Sophia, there are several plots of land belonging to Singapore's Presbyterian and Methodist churches. In 2002, the Methodist Church reportedly leased out land to a commercial developer for S$50 million.

Experts said that in the past, to be good stewards of their assets, some religious organisations may choose to invest their excess resources in fixed-deposit accounts.

But over time, due to low returns, these are not seen to be making the best out of their assets. But once these organisations move into bigger investments and commercial ventures, that is when more complicated governance issues may arise.

One pitfall is the lack of clear protocols for charities, as the law does not currently provide for this. Instead, the law only delineates what is taxable or not.

Charities in Singapore have to abide by a code of governance, but any company that is formed as an offshoot has to follow the Companies Act.

Associate Professor Ho Yew Kee, Vice-Dean, NUS Business School, National University of Singapore, said: "Unfortunately, charities and religious charities sometimes are not endowed with the procedures, the mechanisms, the safeguards, because a lot of religious charities, the basic working relationship is that of trust, that of believing in a common faith."

He added: "Within a religious authority, you may have a very senior person that is a spiritual authority or spiritual figure, where the rest of the board basically give their consent to whatever he or she says. And this immediately can create check and balance problems."

Prof Ho said there are pragmatic reasons for setting up a separate legal entity to handle the business.

He said: "Let's assume if I conduct a catering business within the church - if there's a mass poisoning, I can be sued and I can bankrupt the whole church.

"If I set up a company to do catering, if there is a financial disaster, only the company will go bankrupt. I ring-fence, I at least protect the church from the financial liabilities."

17 individuals and companies connected to City Harvest Church are being investigated over possible misuse of funds.

The church, in its latest notice to members posted on its website, said that its corporate office will be closed "in line with our plan to give the management and staff rest after the hectic Asia Conference week".

The 5-day conference at the Singapore Expo ended over the weekend. The church added that it "has cooperated and will continue to cooperate fully with the authorities". Meanwhile, church activities will go on.