Saturday, October 13, 2007

Government expediture

Was reading at The Singapore Daily, when i found this article " Town councils investing in stock market ".

Was amazed at what our town council can do with public fund. While this government can set their own rules to do pretty much what they want, from a layman's point of view, it is quite irresponsible to gamble with public funds. Just like the fact that no one debates about the debacle of our dealings with the Burma Junta, this issue should be discussed with dissemination of information to the public so that everyone can know how the government coffers are being used.

Lastly, considering the fact that Creative was recently dropped as one of the 30 component stocks STI and it had been losing for some time, Holland-Bukit Panjang Town Council should reconsider their investment.

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