Tan Kin Lian blames Tan Jee Say

inSing.com, 31 Aug 2011

Tan Kin Lian has put up a statement to state that he is not responsible for Dr Tony Tan being elected as president.
In a statement posted on his blog, Tan Kin Lian said detractors have accused him of taking the "vital additional votes" that would have allowed other "non-establishment candidates" to beat Dr Tony Tan.
Tan Kin Lian blames fellow candidate Tan Jee Say instead for the election outcome. In his statement, he pointed out that Tan Jee Say is "the last candidate" so it was up to Tan Jee Say to withdraw from the contest. Full story

Singapore raises land development tax effective Sept 1


Reuters, 31 Aug 2011
Aug 31 (Reuters) - Singapore on Wednesday raised land development charges for the the six months starting Sept 1 to reflect higher property values.
The biggest percentage increase is for land used for industrial and warehousing purposes, which will go up by 31 percent on average, the Ministry of National Development said in a statement. Full story

Strong support for PAP based on PE results: Dr Yaacob Ibrahim

Yahoo! Singapore News, 31 Aug 2011
There is "strong support" for the ruling People's Action Party based on the results of the recent presidential election, said Minister for Information, Communications and the Arts Yaacob Ibrahim.
Speaking to reporters after Hari Raya prayers on Tuesday morning at the Assyafaah Mosque, Dr Yaacob, also the Minister-in-charge of Muslim Affairs, did not think there was a political divide among Singaporeans despite Dr Tony Tan beating Dr Tan Cheng Bock by 0.34 per cent, garnering 35.19 per cent of the total votes. Full story

Tan Kin Lian defends decision to contest Presidency

New Asia Republic, 31 Aug 2011
The outcome of the Presidential elections was obviously a shock to me. I expected a much better result and the prospect of polling less than the 12.5% of the votes (and losing the deposit) was felt to be remote.

Some commentators said that I should have known the ground feel on nomination day and withdrawn my candidacy then. This would have given the other “non-establishment” candidates the vital additional votes needed to win the elections and save me from the dismal disappointment of receiving only 4.9 per cent of the votes as well as a substantial financial loss.

As always, the wisdom of hindsight never fails but the truth was that on nomination day, the voters were still largely undecided on whom they would be voting, if at all.My private surveys as well as information from a third party survey pointed to a credible level of support for me. I had also expected strong support from the heartlanders and the over 1 million policyholders of NTUC Income (where I had served for 30 years) as well as many people who remembered my advocacy of public causes and the plight of those who suffered
investment losses during the last financial crisis.

Stacked against these positive indications was an on-line poll on Yahoo which showed a low level of support for me. However, I felt that the online poll was not representative of the entire voting population, as proven in the recent general election, and there were indications that this particular poll had been manipulated.

Anyway, it would have been difficult for me to drop out of the contest at nomination date. I would have disappointed the people who wanted to vote for me and also my supporters, who had put in a lot of work during the previous six weeks and my donors.

There was also the risk that I would be considered a coward or a quitter or someone who was never serious about the election. Most importantly, I felt that I could offer a choice of a different platform for Singaporeans to decide.

Some people asked if I would have withdrawn if I had reliable information that my support was less than 10%. The answer is that this is a moot point as we did not have that information. As already shared, we believed that on nomination day, the voters were still largely uncommitted.

I decided to contest the election on my platform to be the voice of the people, to use the influence of the President to make life better for Singaporeans and to be a truly non-partisan candidate. I worked hard to bring this message across in the TV broadcasts and the forums among the four candidates. Regrettably, I failed to convince the voters and became the candidate with the least votes.

I also suffered considerable damage from some mis-reporting by the mainstream media. My proposal on giving better recognition to male citizens who served national service was wrongly reported as advocating that females should also serve national service. Although the media reported my correction on this point, the damage had already been done and was irreparable. I also suffered from negative slant in the reporting on some other issues – which I shall not dwell on.

My post mortem should that there were a few weaknesses in my campaign strategy, my image and messaging. I shall not go into them in detail. The clear and positive message, sent in by many people after the results including those who did not vote for me, was that I was seen to be “sincere, courageous and spoke for Singaporeans”. I like to thank them for their support, understanding and encouraging words.

I was accused by my detractors of being the person responsible for letting Dr. Tony Tan become elected as President. They argued that I should have withdrawn, so that a “nonestablishment” candidate could have been voted in. I had already explained why I could not take this approach.

I would also make the point that it was really up to the last candidate to withdraw as his platform was similar to mine in several respects. In the arena of natural justice, it is really only fair that the last one in should bear the responsibility for the outcome of the changed situation.

My approach was to let the people of Singapore decide on the best person to be President. I do not have any preference for any particular candidate – not even for myself. I had congratulated Dr. Tony Tan for winning a hard fought contest. Time will tell if he can deliver the promise that he will act independently of the Government and protect the interest of Singaporeans. I feel that we should give him that chance.

The election had cost me and my donors a total of $120,000, including the loss of the deposit and also a dent to my reputation. However, I have already managed the disappointment and will take a positive attitude towards this outcome. I did receive slightly more than 100,000 votes from people who believed in my platform and looked positively towards me. Their trust and regard are worth the price that I have to pay.

I had also given a choice to the people of Singapore of a truly non-partisan platform. I respect their decision at this time but hope that the non-partisan concept embodied in my platform will find their support in the future.

I am willing to continue the work of being “the voice of the people”. If there is sufficient interest and support from other interested people, I will create a new website and mechanism to implement this role. If not, I will try to play this role in a smaller way.

I would like to thank the small team of about 50 people that had worked hard with me throughout the campaign and to the generous donors. They had put in time, dedication, support and care. I thank them very much for sharing the passion with me. My thanks also go to the 100,000 over people who voted for me.

What are my plans for the future? Will I take part in a future general or presidential election? I will keep an open mind on this question. It will be decided at the right time in the future. In the meantime, I will continue to serve the people of Singapore by communicating with them through the social media and also assist them to the best of my limited ability.

To conclude, I would like to leave everyone with the following quote from Marilyn Vos Savant:

"Being defeated is often a temporary condition. Giving up is what makes it permanent.”

I have not given up.

Tan Kin Lian

Link

OPINION: Singapore Divides Over Elite Rule - Garry Rodan


Asian Correspondent, 31 Aug 2011
Indeed the office in its current form, created in 1991, was supposed to offer the PAP a bulwark against the possibility that a freak result in a general election would usher in a large number of opposition members of parliament. The presidency was vested with veto power over any spending of accumulated government reserves (currently estimated at $250 billion) and the ability to make key public service appointments.
Yet in this weekend’s vote, the prime minister’s endorsement and the nod from PAP-linked trade unions— not to mention favorable treatment from government-controlled media—may have cost Mr. Tan as many votes as it gained. Mr. Tan’s establishment credentials as a former deputy prime minister and executive director of the Government of Singapore Investment Corporation, a sovereign wealth fund, actually increased the challenges of persuading voters that he would be best placed to scrutinize the PAP executive through custodial powers. Full story

Singapore Gains as H.K. Grants Countries Immunity


Bloomberg, 31 Aug 2011
Singapore, seeking to create a “multi-billion dollar” market for resolving cross-border disputes, will gain from China’s affirmation that sovereign states can’t be sued in Hong Kong courts, lawyers say.
On Aug. 26, China approved an interpretation of Hong Kong’s Basic Law that states the city should follow central government policy giving countries absolute immunity.
Singapore, which allows sovereign states to be sued on commercial and contractual issues, has opened its legal market to foreign law firms and offered tax incentives in a challenge to Hong Kong for international arbitration business. Full story

Johor considers improving water assets returned by Singapore


Malaysia Star, 31 Aug 2011
JOHOR BARU: The state will consider upgrading the water treatment plants handed back to it by the Singapore Public Utilities Board (PUB) today.
Mentri Besar Datuk Abdul Ghani Othman said the handover, to be carried out under the 1961 Water Agreement, would benefit local residents especially in Johor Baru and Pontian.
“The water treatment plants in Skudai and Gunung Pulai, and the two water pumps in Tebrau and Pontian will be upgraded if necessary to meet the needs of our residents,” he told reporters at his Hari Raya open house here yesterday. Full story

OPINION: The elected presidency in a new normal — Eugene K.B. Tan


The Malaysian Insider, 30 Aug 2011
AUG 30 — It was a pulsating finish to Singapore’s fourth presidential election. A mere 7,269 votes separated Dr Tony Tan from Dr Tan Cheng Bock. The hustings, which fired up the hearts and minds of Singaporeans, portend what future PEs could be like. What can we make of the results?
The influence of the May general election should not be over-exaggerated. To be sure, there is residual unhappiness after the so-called “watershed election”. My sense, however, is that the majority of Singaporeans distinguished between the parliamentary and presidential polls. Full story

Manchester United fans protest against IPO plan

Guardian.co.uk, 31 Aug 2011

Three images from recent weeks will cheer the Glazer family and their phalanx of bankers and advisers as they finalise ambitious plans to float a large stake in the club on a stock exchange 6,789 miles away from Old Trafford in Singapore.
One is the incongruous sight of Libyan rebels advancing on Tripoli wearing replica shirts, underlining the global reach of the Premier League champions. Second, fleeting shots of United players donning tracksuit tops bearing the DHL brand, for which the logistics firm was prepared to pay an extraordinary £10m a year. Full story

Singapore Museum nominates five Indian artists for prize


The Economic Times, 30 Aug 2011
NEW DELHI: Five artists from India - Atul Bhalla, Prabhavathi Meppayil, Ravi Shah, Sheba Chhachhi and Shreyas Karle - have been nominated by the Singapore Museum for a $ 45,000 art prize.
The artists' works are part of a total of 130 artworks from 24 countries that are vying for the triennial Signature Art Prize, set up in 2008, which recognizes significant works of art coming from the Asia Pacific region's contemporary art. Full story

Activists Rally for Dolphin Release in Singapore

NTDTV.com, 29 Aug 2011
Activists stage a concert in Singapore to protest against 25 dolphins being held in captivity by a local resort.
Resorts World Sentosa is training the animals before moving them to what will become the world's largest oceanarium.
A spokeswoman said the dolphins are kept for conservation and educational purposes. Full story


Singapore set to hit tourism target


Daily Mirror, 31 Aug 2011
The Singapore Tourism Board (STB) estimates 12 to 13 million international visitor arrivals for 2011, 80 per cent of Singapore’s tourists coming from the Asia Pacific region.
In 2010 Singapore received 11.6 million international visitors which contributed to S$18.9 billion in tourism receipts.
This represented a growth of 20 per cent in visitor arrivals and close to 50 per cent increase in tourism receipts when compared to 2009. Full story

Singapore institutions and philanthropists donate community health center in Xiamen


What's On Xiamen, 31 Aug 2011
Xiamen- Singapore Friendship Healthcare Center was opened on Monday in Qianpu as the first foreign-invested healthcare facility in Fujian, reports Xiamen Economic Daily.
The health center provides healthcare services for 200,000 people who live in Lianqian Community.
Donated by Singaporean institutes and philanthropists, the center is the first in China to adopt the Singapore healthcare system, which is hailed as one of the most successful in the world. Full story

Video: Tan Cheng Bock sings "I understand' to Singaporeans

Youtube.com, 29 Aug 2011

WP MP Sylvia Lim opens the 4th Congress of the Pan-Asian Committee for Treatment and Research in Multiple Sclerosis (PACTRIMS)

Facebook, 28 Aug 2011

Member of Parliament (MP) for Aljunied Group Representation Constituency (GRC) Sylvia Lim was invited as the Guest of Honour to open the 4th Congress of the Pan-Asian Committee for Treatment and Research in Multiple Sclerosis (PACTRIMS) on Sunday 28 August 2011 (Sunday) at the Raffles City Convention Centre.
More than 200 doctors and scientists, as well as sufferers of Multiple Sclerosis, attended the congress. In her remarks, she noted the value of PACTRIMS in promoting greater awareness and an exchange of data and ideas for better treatment of MS. She also joined patients in a session with experts to better understand the plight of those suffering from this disease which disproportionately affected women and had effects on vision, the spine and the central nervous system. Link

Bangladeshi police busted kidney trafficking gang that sells organs to patients in Singapore and India

AFP
DHAKA — Bangladeshi police said Tuesday they had uncovered a major organ trafficking ring that is believed to have persuaded up to 200 people to sell their kidneys for cash.
Three people were arrested Sunday in the remote Kalai area, 300 kilometres (180 miles) northwest of Dhaka, after reports surfaced that villagers were having their organs removed illegally.
"The three people we arrested are only low-level operators. Two of them had even sold their kidneys and then become part of the gang," he said.
"It is only natural to assume medical professionals are involved," he said, adding that the gang was suspected of selling organs to patients in Singapore and India. Full story

Related:
Bangladesh busts kidney trafficking - BigPond News
Bangladeshi police bust kidney trafficking gang - TVNZ.co.nz
Bangladesh busts kidney trafficking gang - gulfnews
Bangladesh 'kidney trafficking ring' uncovered - BBC News
Kidney Trafficking Ring Busted In Bangladesh - RTTNews

Singapore Democratic Party reshuffles CEC


Yahoo! Singapore News, 30 Aug 2011
The Singapore Democratic Party (SDP) has made changes to its central executive committee (CEC).
While party secretary-general Chee Soon Juan still retains his position, the CEC now has a new chair and vice-chairperson, opposition veteran Jufrie Mahmood and former Internal Security Act detainee Vincent Cheng respectively.
Executive director for Transient Workers Count Too Vincent Wijeysingha, who contested in this year's General Election in Holland-Bukit Timah GRC, also received a promotion in the committee from assistant treasurer to treasurer. He was co-opted into the CEC before standing for the May election with his team.
Quite noticeably, however, his running mates, namely retired army colonel and former grassroots leader Ang Yong Guan and former civil servant Michelle Lee, were not in the CEC. Full story

Singapore set new property record

Asia Property Report, 30 Aug 2011
A 3,003 square ft four-bedroom apartment off Orchard Road has been sold to an overseas buyer for S$19mn (US$15.7mn), setting a new record in property prices.... the Marq on Paterson Hill already held the record of highest price per square foot at S$5,842 (US$4,847) when it was launched in 2007. With the newest sale, the price per square foot jumped to S$6,400 (US$5,310).
The Marq is a freehold condominium comprising 66 units ranging in sizes from around 3000 square ft to 15,000 square ft in two 24-storey buildings, one of which features private pools for all units. Full story

PSA and ABG Ports to get JNPT terminal project


IFW-net.com, 30 Aug 2011
The Indian Union Ministry of Shipping and the Jawaharlal Nehru Port Trust (JNPT) will award the fourth container terminal at JNPT to the highest bidding consortium of Port of Singapore and ABG Ports in the next two weeks, it has been revealed.
The terminal, originally slated to be awarded in 2010-11, was held up after a number of JNPT board trustees raised performance-related concerns over ABG, one of the consortium partners. Full story

Temasek, Seatown Holdings Part Of Consortium That Bought Bank Of America's CCB Stake - Sources

Nasdaq
SINGAPORE-(Dow Jones)- A consortium that includes Singapore state investment company Temasek Holdings Pte. Ltd. and its wholly owned hedge fund Seatown Holdings has acquired a 5% stake in China Construction Bank Corp. (0939.HK) from Bank of America Corp. (BAC), people familiar with the situation said Tuesday.
Seatown--whose name is an English translation of Temasek--invests across a range of asset classes in global markets and was set up in January 2010.
The consortium also includes Chinese buyers, one of the people said without giving more details. Full story

Related:
Temasek among buyers of Bank of America's CCB shares: sources - CNBC.com
Temasek's eagle swoop - The Standard

JTC to Call a Re-tender for Jurong Caverns


TankTerminals.com, 29 Aug 2011
The search for an operator for the underground Jurong Rock Cavern (JRC) oil storage will resume soon, with JTC Corporation expecting to call a re-tender for this in October, JTC director Heah Soon Poh, told BT.
He said that apart from its first confirmed customer, Jurong Aromatics Corporation (JAC), JTC has been talking to other potential players on Jurong Island to take up the remaining four-fifths of the available capacity at the $890 million phase 1 of the JRC project.
'These are not oil traders, but other petrochemical companies on Jurong Island,' said Mr Heah, who is the JTC director in charge of specialised parks development. Full story

CPF Ordinary Account interest rates stay at 2.5%


Yahoo! Singapore News, 29 Aug 2011
Central Provident Fund (CPF) members' Ordinary Account (OA) interest rates of 2.5 per cent will remain from 1 October 2011 to 31 December 2011, the CPF board announced on Monday.
This is despite the computed CPF interest rate working out to 0.36 per cent per annum. the computed rate is calculated from major local banks' interest rate from 1 May 2011 to 31 July, Full story

Temasek mulls buying part of BOA's CCB stake


MarketWatch, 29 Aug 2011
SINGAPORE (MarketWatch) -- Singapore state investment company Temasek Holdings Pte. Ltd. is considering acquiring a part of Bank of America Corp.'s /quotes/zigman/190927/quotes/nls/bac BAC +8.12% stake in China Construction Bank Corp. (0939.HK) or CCB, people familiar with the situation said Monday.
Bank of America now owns 25.6 billion CCB shares, or 10% in CCB, including the 23.6 billion shares that will emerge from a lockup period ending Monday. The bank will be free to sell the remaining shares in 2013. Full story

Related:
Temasek among buyers of Bank of America's CCB shares: sources - CNBC.com
Temasek Considering Buying Part Of BoA's Stake In China CCB Sources - Nasdaq
Bank of America to sell China bank stake for $8.3 billion - Reuters

Temasek Raised Stake In Bank Of China H-Shares To 7.07% From 6.96% Last Week


FoxBusiness.com, 29 Aug 2011
HONG KONG -(Dow Jones)- Temasek Holdings Pte. Ltd. raised its stake in Bank of China Ltd. (3988.HK) to 7.07% from 6.96% of the bank's Hong Kong-listed shares on Aug.22, according to a filing to the Hong Kong stock Exchange Monday.
The Singapore state-owned investment firm bought 97.12 million shares at an average price of HK$2.972 per share, according to the filing. Full story

MAS new chief Ravi Menon graded B in World's Central Bankers 2011 Report

Global Finance

Full Report

Related:
The worst central banker in SE Asia: Ravi Menon scores a B - VERITAS

Hougang MP Yaw Shin Leong helps residents install security cameras to deal with loanshark problems

inSing.com, 29 Aug 2011
Hougang Member of Parliament (MP) Yaw Shin Leong is helping residents install security cameras for free to help deal with the problem of loansharks.
The problem of loanshark harassment has long been a problem in Hougang. Recently a loanshark had even challenged a victim to install security cameras while declaring that nothing can stop the loansharks.
Four households in Hougang have been selected and has already had security cameras installed for free. Yaw said the households were selected based on the level of harassment they received. Full story

Factors in Tan Kin Lian's election loss

inSing.com, 29 Aug 2011

Shortly after presidential candidate Tan Kin Lian conceded defeat in the election, he put up a survey on his blog to ask netizens for feedback on his campaign.
Tan's survey has since received more than 100 responses and he has since closed it.
After looking through the survey results, Tan has put up a list of positive and negative points in his campaign.
The negative points include his habitual excessive blinking, as well as his hi-five greeting which was deemed unsuitable for adults. He adds that handshakes are better.
His pronunciation of English was highlighted as another factor.
Netizens also said he should not have touched on the weaknesses of other candidates in his TV broadcast on the eve of Polling Day, instead he should have focused on his own strengths.
He should also not have attacked fellow candidate Tan Jee Say by saying that the latter entering the contest was a low point and a blow for him.
Finally, netizens said that Tan had over-promised in his campaign. Tan had earlier suggested that the pay of national servicemen should be increased and pensions should be introduced for those aged above 75.
Tan also blamed his poor showing on a survey by the popular Yahoo website. An earlier survey on the website had put Tan as the weakest among the four candidates with just 5% of support. Tan believes that this is a major factor that contributed to his loss as the survey had created the impression that he was the weakest candidate. He believes that this had caused many voters to change camps to back more popular candidates.
In the same survey, netizens also commented on Tan's positive points. These include his sincerity, his concern for others, his focus on public service, good ideas from him and that he was the only candidate who can speak in four languages.
Tan Kin Lian had the worst showing in this election, garnering only 4.9% of the vote-share. He also lost his $48,000 election deposit as his vote-share was below the mandated 12.5% necessary to have the deposit returned. Link

OPINION: Tantamount to a humiliation - The Economist

The Economist, 28 Aug 2011
In general elections opposition parties, which are small and fragmented, are at a disadvantage. Most parliamentary seats are in big “group” constituencies, where they struggle to field slates of credible candidates, and whose boundaries, they claim, are manipulated in the PAP’s favour. The presidential poll is the only one that is island-wide and not affected by these considerations. It gave voters the opportunity to install a different sort of check into the political system. The result is sobering for the PAP. As the country's biggest newspaper, the pro-government Straits Times, put it in reporting the result: "the voting patterns show a society more politically divided than ever before.”
They reflect a widespread sense that the government, blinded by Singapore’s astonishing economic progress, has lost touch with the grievances of ordinary citizens. This sense is in part about particular issues, such as the cost of housing or immigration, which some blame for depressing local wages. But it is as much a question of style—a resentment at what is seen as the government’s paternalistic belief that it knows best. Full story

OPINION: Governing Singapore after the PE — Simon Tay

The Malaysian Insider, 29 Aug 2011
While supporters of Dr Tan celebrate, we must remember those who voted for the other three candidates and why they did so. Read together with the GE results, the PE signals a change in politics, so long dominated by the People’s Action Party. Fundamentals are changing, not necessarily for the better.
Why cannot the status quo continue? After all, Dr Tan won fairly and credibly, given that there were four candidates, each appealing to a different constituency. In May’s GE, the PAP achieved 60 per cent of the popular vote, which is strong by global standards even if it is the party’s lowest share. Full story

OPINION: A change to Singapore's political landscape - Lim Mun Fah

Sin Chew Jit Poh, 29 Aug 2011
Voices questioning the competence of the newly-elected Singapore president could be heard within the society right after the results of the country's presidential election was announced.
Some posted online after the result announcement that if Jee Say and Kin Lian did not contest this time, Tony would be the second George Yeo. Also, some "congratulated" Tony for being elected the President of Singapore by 737,128 voters out of the total population of about 5 million people, implying that Tony won because of votes from "immigrants". Full story

OPINION: ‘The genie is out of Singapore’s political bottle’ - PN Balji

Yahoo! Singapore News, 29 Aug 2011
What does it say of the Singapore political scene when a man with impeccable credentials for the presidency is rejected by nearly 65 percent of voters? What does it mean when a relatively unknown former civil servant with his strident attacks on government emerge with nearly one-third of the votes? Finally, what does it signify when all four contenders for the presidency were either part of the establishment or had links with it?
That even a blue-chip reputation, which Dr Tony Tan had, is not enough to win a strong mandate from voters. That a shrill anti-government stand, which Mr Tan Jee Say displayed, can have a cache in a political oasis like Singapore. That a loose political front made up of smart, respected and able people is emerging. Full story

Related:
Voters tell S’pore it must change its ways - New Straits Times

Singapore hands over water treatment plants to Johor


Malaysia Star, 29 Aug 2011
JOHOR BARU: Johor will soon control at least 43 out of the 44 water treatment plants in the state after Singapore's Public Utilities Board (PUB) hands over two of the plants this Wednesday.
The Skudai and Gunung Pulai water treatment plants which were both built and managed by PUB for 50 years will be handed over to the state government together with two pump houses in Pontian and Tebrau.
With the handover of all the four assets, which are worth millions of ringgit and covering an area of 3,301ha, the state will be able to produce a total of 681 million litres of treated water per day. Full story

Singapore Vulnerable If US Falls Into Recession


CNBC.com, 28 Aug 2011
According to a Fitch report released Friday, if there is a recession in the U.S., Singapore “would experience the largest cumulative negative shock to GDP of 4.1 percentage points from 2011 to 2013.”
This is because Singapore’s trade with the U.S. accounts for about 20 percent of its GDP – the largest exposure among emerging Asian economies.
Earlier this month, data showed that Singapore’s economy contracted by a more-than-expected 7.8 percent in the second quarter as economic growth slowed due to a sharp drop in manufacturing output. Full story

Tiger Airways' CEO Tony Davis quits, SIA's Chin Yay Seng named as replacement

The Australian, 29 Aug 2011
TIGER AIRWAYS Australia chief executive Tony Davis will leave the airline in November and a Singapore Airlines executive, Chin Yau Seng, will take his former job at the helm of the parent company in Singapore.
Mr Davis was sent to Australia by the Tiger Airways to replace local boss Crawford Rix after the airline was grounded by the Civil Aviation Safety Authority in early July over safety concerns.
The airline remained on the ground for almost six weeks as it attempted to meet CASA's requirements but has since started flying a reduced network. Full story



Related:
Tiger Airways loses another boss - The Australian
Tony Davis to leave Tiger Airways - Flightglobal
Struggling Tiger Airways loses CEO - news.com.au
Tiger Airways to get new CEO - The Sydney Morning Herald
Tiger Air names new CEO following Australia problems - Reuters
Singapore's Tiger Air names Chin as new CEO, replacing Davis - Reuters
Tony Davis quits Tiger Airways - The Australian
Struggling Tiger Airways loses CEO - Perth Now

SIA to boost Tiger share?


MICEBTN, 29 Aug 2011
Singapore-based Tiger Airways is seeking S$158.6 million in a rights issue to fund expansion including the purchase of aircraft.
Shareholders Singapore Airlines (SIA) and Dahlia Investments, an indirect subsidiary of Singapore state investment firm Temasek Holdings, will subscribe to 90 per cent of the issue and as a result are likely to increase their current combined 40.2 per cent stake in Tiger.
Tiger says it expects to raise S$155.2 million net after deducting expenses of about S$3.4 million related to the rights issue exercise. Link

OPINION: Unifying S’pore needs more than a figurehead - Andrew Loh


Yahoo! Singapore News, 29 Aug 2011
Never before has there been such an explicit recognition by those in power that our society is divided. Politically, the results of the GE and the PE reveals what author Ms Catherine Lim, in 1994, termed "the great affective divide" between those in government and those being governed, which could result in "a serious bifurcation at the emotive level, resulting in all kinds of anomalies and incongruities."
One of these could be "a schizoid society where head is divorced from heart, where there is a double agenda and double book-keeping with people agreeing with the Government in public but saying something else in private." Full story

Sembawang votes tipped the balance for Tony Tan: Tan Cheng Bock

Yahoo! Singapore News, 29 Aug 2011
Dr Tan Cheng Bock says he and eventual winner Dr Tony Tan were neck and neck until the votes from Sembawang came in on Polling night.
Revealing exactly how close the two top contenders for Singapore's Presidency were, Dr Tan Cheng Bock said on Sunday afternoon, "Sometimes I'm ahead, sometimes he's ahead … Even at 80 per cent (of the votes tallied) we were just tying, 35-35 (per cent)."
"It was only toward the last bit, when Sembawang came in then we took a little dip and he beat me by 0.34 per cent," said the 71-year-old, who was speaking to the media 12 hours after the final results were announced. Full story

Singapore is Rated AAA


Live Trading News, 28 Aug 2011
Singapore has the financial strength to recover quickly from crises and stave off any systemic failure of its banking system has earned the Country an AAA rating.
The Financial sector in Singapore has been tested time and again and has proven one of the World’s best investment destinations said Shayne Heffernan today.
Standard & Poor’s (S&P) Ratings Services on Friday, Aug. 26, affirmed its AAA credit on Singapore’s long-term government debt and an A-1+ rating on its short-term debt. Full story

Singapore Elects Tony Tan President With 0.3% Margin in Narrow Win for Lee

Bloomberg, 29 Aug 2011
Tan, who was backed by Prime Minister Lee Hsien Loong and several trade unions even though he ran as an independent, was declared the victor early yesterday following a recount. He beat Tan Cheng Bock, a former Singapore lawmaker who was also with the ruling People’s Action Party, by 7,269 votes, according to the Elections Department.
The margin suggests Lee has more to do to appease voters after the PAP retained power in general elections held in May with the lowest support since independence. Four candidates -- all bearing the Tan surname -- vied for the largely ceremonial post, signaling the increased challenge to the grip on power held by the party since Lee’s father, Lee Kuan Yew, led the state to independence in 1965. Full story

Related:
Singapore Picks Lee's Man as President, Narrowly Avoiding Upset - San Francisco Chronicle

OPINION: An unpopularly elected President

Asian Correspondent, 28 Aug 2011
The victory of Dr. Tony Tan, a candidate who still maintains a close relationship with the PAP despite denying any form of affiliation to the PAP, is a case of an unpopularly elected President whose support base is weak. His future efforts to please Singaporeans will either weaken his political clout, or strengthen only his current support base, because Singaporeans have already identified him as a part of the PAP, and bitterly resist the entire domination of the PAP in Singapore’s political scene. Full story

OPINION: Tan's narrow election win loosens Lee's grip - Lindsay Murdoch

The Sydney Morning Herald, 28 Aug 2011
FORMER deputy prime minister Tony Tan has narrowly won Singapore's presidential election in a sign that support for the party that has ruled the city-state with an iron grip for more than four decades is eroding.
Mr Tan was tacitly endorsed by Prime Minister Lee Hsien Loong in the first contest for the largely ceremonial position since 1993.
The closeness of the vote will ring alarm bells in the People's Action Party that was founded by former prime minister Lee Kuan Yew. Full story

Related:
Ruling party sees support dwindle - Western Advocate

OPINION: Singapore poll shows many still upset with long-ruling PAP


ShanghaiDaily.com, 28 Aug 2011
Tony Tan's share of vote was well below the 60 percent obtained by the PAP in May parliamentary elections, when the opposition made historic gains amid unhappiness over soaring property prices and the rapid immigration into the rich Southeast Asian city-state.
Bank of America Merrill Lynch economist Chua Hak Bin said the presidential election showed many Singaporeans were still unhappy with the PAP, which has boosted the supply of government housing and made it costlier for employers to hire foreigners since the May election.
\"They are unhappy with the status quo and yet they are not willing to swing completely to a candidate they think will be too radical," he said. Full story

OPINION: Singapore vote a 'wake up call' for ruling party

MSN Malaysia News, 28 Aug 2011
Singapore's voters gave the ruling party a "major wake-up call" in weekend elections, with critics feeling more and more empowered and no longer afraid to speak up for change, analysts said Sunday.
The vote was essentially a spill over of the voter discontent seen in May, when the opposition made a historic breakthrough in legislative elections and prompted Prime Minister Lee Hsien Loong to reshuffle his cabinet, they said.
"It's an indication that support for the PAP is not so strong," said Reuben Wong, an assistant political science professor at the National University of Singapore, after results showed Tan secured just over 35 percent of the vote.
"They have to figure out whether they need to reorient themselves away from the old-school authoritarian conservative PAP towards something that's more mainstream Singapore, more liberal, more plural, more open to different ideas." Full story

Related:
Singapore vote a 'wake up call' for ruling party - Sin Chew Jit Poh

S'poreans still value political stability: Analysts

Yahoo! Singapore News, 28 Aug 2011

Professor Eugene Tan, a lecturer at the Singapore Management University, said it showed that Singaporeans are still not ready to have a President that rocked the boat too much.
"Both Dr Tans were seen as candidates that could work with the Government. Both Dr Tans polled almost 70% of the popular vote.That suggests that the PAP branding for a candidate is not a liability as is widely perceived," he said.
On what were the key factors behind Dr Tan's win, he said, "Dr Tan's experience in public and private sectors and brand recognition from his years as a Cabinet Minister" and the fact that the non-Establishment vote was split between the other three candidates, Dr Tan Cheng Bock, Tan Jee Say and Tan Kin Lian. Full story

I pledge to work with all S’poreans: Dr Tony Tan


Yahoo! Singapore News, 28 Aug 2011
Newly elected President Dr Tony Tan has pledged to work with all Singaporeans and said his work to unify Singaporeans would begin right away.
In his victory speech early Sunday morning, he told supporters who had remained behind at the Toa Payoh stadium that he was happy to be given the opportunity to serve the nation and Singaporeans again, after what he described as a "strenuous" campaign.
"The president is a president for all Singaporeans. Not only for those who have voted for me, but even for those who have not voted for me. Full story

Tony Tan Wins Singapore Presidential Race With Narrow Victory

BusinessWeek, 28 Aug 2011
Aug. 28 (Bloomberg) -- Singapore’s former Deputy Prime Minister Tony Tan won the island’s presidential election in a recount with a margin of victory of about 0.3 percent.
Tan defeated his closest opponent, Tan Cheng Bock, a former Singapore lawmaker, in the recount after his margin of victory in a four-way race was smaller than 2 percent. He garnered 35.19 percent of the votes cast compared with 34.85 percent for the second-place candidate. The president holds office for a six- year term. Full story

Related:
Tony Tan, New President Of Singapore, Wins Election Narrowly - Huffington Post
Tony Tan elected 7th president Singapore - UPI.com
Singapore's Tony Tan wins presidential election with thin margin - Xinhua
Veteran Politician Wins Singapore Presidential Election - VOANews.com
Veteran wins tight Singapore presidential race - abs-cbnnews.com
Singapore narrowly elects Tony Tan as president - Forbes.com
Singapore's former deputy PM wins presidential race - Australia Network News
Singapore PM’s preferred candidate narrowly wins presidency - The Malaysian Insider

Big turnout for Singapore elections


UPI.com, 27 Aug 2011
SINGAPORE, Aug. 27 (UPI) -- More than 83 percent of eligible voters in Singapore had cast their ballots for president Saturday with 3 hours left to vote.
An estimated 1.9 million voters had flocked to 781 polling stations across the country to vote for one of four presidential candidates, .... Full story

Singapore President poll ‘Tony Tan seen establishment candidate’


Day Breaking News, 27 Aug 2011
After 20 year’s voters voting to choose next President, the test of support for Singapore people action Party takes the poll on the presidential election, the party shared of the vote slip in record on the May’s election. High government salary and high cost of livings made the anger to the people. Full story

OPINION: Workers' Party faces seventh month of turmoil - Seah Chiang Nee


Malaysia Star, 27 Aug 2011
Singapore never had the experience of another ruling party other than the PAP.
These posers – which separate politics from the civil service and distinguish duties from party loyalties – took on new significance last week.
Two non-political statutory boards funded by taxpayers took unusual measures that were viewed – justifiably or not – as joining the political arena in favour of the PAP.
The controversy erupted three months after the opposition Workers Party (WP) won the Aljunied group constituency. Full story

Singapore output growth slows in July


Malaysia Star, 27 Aug 2011
SINGAPORE: Singapore's industrial production growth slowed in July as sales of electronics slumped, increasing the risk the economy may fall into a recession as the global recovery weakens.
Manufacturing, which accounts for more than a fifth of the economy, gained 7.4% from a year earlier after a revised 10.7% increase in June, the Economic Development Board said in a statement yesterday. That was less than the 7.8% median estimate of 14 economists surveyed by Bloomberg. Full story

Singapore's voracious appetite...for sand - CNN


CNN.com, 26 Aug 2011
The politics of sand is a dirty business, and there’s plenty of it around – particularly in the tiny island-state of Singapore. Its voracious appetite for constructing mega-buildings and expanding its borders by filling in the sea has led to widespread ecological damage around the region.
Indonesia has complained bitterly about its disappearing islands and banned the export of sand. So has Vietnam. Malaysia uses dealings over sand as a political bargaining chip when negotiating with Singapore, and countries further afield are also thinking twice about selling it sand. Full story

OPINION: Why are Chinese big banks so profitable? - Panos Mourdoukoutas


Forbes.com, 27 Aug 2011
At a time big US and European banks are striving to survive, big Chinese banks are thriving. According to Xinhua Agency, ten Chinese commercial banks reported net earnings of 244.7 billion yuan (72.11 billion U.S. dollars), beating analysts’ estimates—most banks saw year-on-year rises of over 30 percent in their first-half net profits. What makes Chinese banks so profitable? Full story

Singapore votes for new president


BBC News, 27 Aug 2011
For the first time in almost 20 years, voters in Singapore are voting to choose their next president.
His official salary for the largely ceremonial position is among the highest for an elected official, anywhere in the world.
The poll is seen as a test of support for the People's Action Party, which has run Singapore since independence.
The party saw its share of the popular vote slip to a record low in May's general election. Full story

Related:
Singapore voters head to polls to choose president - eTaiwan News
Singapore set to vote for new president - MSN Philippines News

Nathan look forward to "less pressure" after presidency


Yahoo! Singapore, 26 Aug 2011
President S R Nathan said on Friday he is looking forward to the next phase of his life, "which will hopefully (have) less pressure".
Speaking to reporters on the eve of Polling Day, he was quoted as saying by Channel NewsAsia, "My feeling is the same - I've decided to step down, so I'm ready for it."
He added that Singaporeans are sensible people who will do what is best for the country. He hopes voters will look at the polls from that perspective, as they have done all these years. Full story