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 Community issues - 2008
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MAS Statement on Pinnacle Notes Series 9 and 10 |
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The total issue size of the Pinnacle Notes
Series 9 and 10 was S$26 million, sold to about 700 retail investors
through five distributors: DMG & Partners Securities, Hong Leong
Finance, Kim Eng Securities, OCBC Securities and UOB Kay Hian. |
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Investors who consider they have a genuine
claim that they were mis-sold the product or that the product was
misrepresented to them should lodge their complaints with the financial
institutions (FIs) that sold them the products. |
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More..... |
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MAS's actions on Lehman Minibond Notes Programme |
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To provide noteholders with an
independent opinion on the options that best serve their interests,
MAS has appointed Deloitte & Touche Corporate Finance Pte Ltd (DTCF)
as an independent financial adviser on the Lehman Minibond notes
programme... |
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MAS understands that noteholders are
anxious to know what they should do and what to expect next. At the
moment, there is no action required on their part. MAS and the
trustee will continue to keep noteholders updated on all
developments including any options for them to
consider... |
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More..... |
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Proposed amendments to the Human Organ Transplant Act |
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The Ministry of Health (MOH) is proposing
three amendments to the Human Organ Transplant Act (HOTA). They are: |
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(a) Lift the upper age
limit for cadaveric organ donation; |
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(b) Allow donor-recipient
paired matching for exchanges of organs; and |
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(c) Compensate living
donors according to international ethical practices. |
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More..... |
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MOH replies to questions in Parliament on abortion |
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The Termination of Pregnancy Act was enacted
in 1974, to provide for the safe termination of
unwanted pregnancies by trained persons in
appropriately equipped facilities. |
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It is to safeguard the health and well-being
of the woman who has, for various reasons, decided to
terminate her pregnancy. This is intended to ensure
that all children born in Singapore are wanted
children, who will be properly cared for, and will
have opportunities to develop to their full
potential... |
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More..... |
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Community issues - 2007
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Guidance Programme has helped 6,000 young offenders
since 1997 |
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In his Opening Address, Dr Vivian
Balakrishnan announced the increase of up to 25 per cent in funding for
the 17 social service agencies that are running the Guidance Programme
(GP) - a six-month programme for first-time young offenders to divert
them away from being charged in Court... |
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Towards the end of the 6-month
programme, the social worker will assess the youth’s overall
progress and make an appropriate recommendation to the Police
Investigation Officer. |
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Depending on the risks and needs of the
youth, the programme may be extended for up to
six months. The youth, if he completes the programme successfully,
may be let off with a stern Police warning in lieu of prosecution... |
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More..... |
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MOH starts inquiry into Ren Ci Hospital and Medicare
Centre |
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As the general review into Ren Ci’s past
transactions also disclosed other gaps in corporate governance and
internal controls, MOH commissioned EYA to carry out a more in-depth
evaluation. |
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The follow-up reviews have since identified
some possible irregularities in certain financial transactions involving
Ren Ci and certain external organisations. Hence, MOH is commencing an
Inquiry into Ren Ci to establish a fuller and better understanding of
these irregularities... |
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More..... |
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COC conducts governance review of seven large
charities |
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The Commissioner of Charities (COC) has
appointed Ernst & Young Associates Pte Ltd and Deloitte & Touche
Financial Advisory Services Pte Ltd to conduct the governance review of
the first seven large charities under his direct purview. |
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These charities were selected on the basis
of their high total annual income which exceeds $10 million a year.... |
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More..... |
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Commissioner of Charities deregisters three dubious
charities |
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"Following the implementation of new
regulations governing charity registration, public fund-raising appeals
and large charities on 1 May 2007, the Commissioner of Charities (COC)
announces today the removal of three charities from the Register of
Charities with immediate effect. |
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"These are the Children of Singapore
Foundation, Children's Lukaemia Foundation Limited, and Club Sunshine
Limited (previously known as Kids-In-Distress Foundation Limited[1]). |
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"The COC has also decided not to grant
charity status to Kidney Fund Organisation..." |
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More..... |
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Commissioner of Charities to launch online charity
portal |
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"In tandem with the tightening of
charity registration, the COC's office will also launch the
Charity Portal (http://www.charities.gov.sg)
to provide a convenient one-stop ''paper-less'' process for
application for charity status and institution of a public
character (IPC) status. |
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"The Charity Portal provides a one-stop
resource centre for the public who want to know more about
charities in Singapore, including those interested in setting up
charities and IPCs..." |
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More..... |
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10,221 reported cases of loan shark harassment
activities in 2006 |
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"In 2006, 294 persons were arrested for UML
offences and related harassment activities. This is an increase of 11%
as compared to 2005. |
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"In 2006, Police also dealt with 39
UML syndicate members under the CL(TP) Act, which is an increase
of 63% compared to 24 in 20053. In addition, Police
smashed 8 syndicates last year4 ..." |
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More..... |
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Commissioner of Charities completes inquiry on Youth
Challenge |
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"The COC found that the Executive
President's total annual remuneration for the financial year ended
31 January 2006 was $248,867. Of this amount, only $53,836 was
disclosed as the Executive President's salaries in the Income and
Expenditure Statement. |
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"Another $164,475 was disclosed in Note
3 to the audited financial statements as salaries apportioned to
various projects/events... |
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"The Executive President's total
remuneration of $248,867 amounted to 56% of the total donation and
other income of $442,287 raised for the same period..." |
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More..... |
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Community issues - 2006
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Key challenges facing public housing in Singapore |
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"Between now and 2030, the number of elderly
aged 65 years or older will increase dramatically, from 300,000 to
900,000. 1 in 5 Singaporeans will be aged 65 and above by 2030. |
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"We will need to provide a wide range of
housing options to meet the different financial needs and lifestyle
preferences of the elderly, from smaller HDB flats like studio
apartments, to private retirement housing with dedicated care
facilities..." |
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More..... |
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Entrapment: A Necessary Enforcement Tool
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Improving the teaching of English Language in Singapore schools
Community issues - 2005
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Responses to
KPMG report on NKF
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National Service Dues: Did pianist Melvyn Tan get off too lightly?
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Emergence
of New Poor a worrying trend
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Compulsory day
off for maids
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NKF - win back
donors' trust
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Compulsory CIP for
Schools
- Casino in Singapore?
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Parent complains about
'taupok' game in JC
Community Issues - 2004
- Five-day
week for schools
- MRT
Accidents
- Sheikh
Haikel fired from DJ job at Perfect 10
- Casino in Singapore?
Community Issues -
2003
Community Issues -
2002
Community Issues -
2001
Community Issues -
2000
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