The PAP story, blemishes and all

Source: ST, 09 Sept 2009

What is Men In White all about? How different is it from previous books on Singapore’s ruling political party?

Let me clarify what the book is not.

It is not a re-telling of Singapore’s transformation from Third World ghetto to First World city, a story which Minister Mentor Lee Kuan Yew so vividly documented in his memoirs. It is also not about the PAP Government and the art of policy-making.

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Friends and foes under one roof

Source: ST, 09 Sept 2009

IT WAS a historic moment with friends and foes gathered together under the same roof where they last met more than four decades ago – at the Old Parliament House.

The occasion was the launch of a new book on the People’s Action Party (PAP), which brought together Minister Mentor Lee Kuan Yew and his former political rivals.

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Another bit of history

Source: ST, 09 Sept 2009

MORE than one for the album, this was a picture for the history books.

If not for the numerous photographs capturing the moment, many would have scarcely believed what took place yesterday in the Old Parliament House – in the same chamber where the People’s Action Party (PAP) fought its fiercest battles with its breakaway faction, the Barisan Sosialis, in the early 1960s.

Minister Mentor Lee Kuan Yew, a PAP founder, exchanged smiles and warm handshakes with those who had been his rivals from the country’s early years.

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Whither Temasek’s industry nurturing role?

Source: Straits Times, 08 Sept 2009

A COLLEAGUE remarked to me the other day that something had struck him as he read Temasek Holdings’ updated charter released last month: Nowhere in the 200-word document is there a mention of Singapore.

There is talk of delivering long-term value for its stakeholders and being an active investor. There is talk of Temasek’s corporate social responsibility (CSR) agenda. The five areas where it wants to work with its portfolio companies – including values, human capital and strategic options – are listed. But there is nothing to identify Temasek as Singaporean. Indeed, it might have been the charter or mission statement of any private sector investment firm, my friend said.

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Inflation hits poorest 20% twice as hard

Source: Straits Times, 25 Aug 2009

This group was affected most by food and housing prices in first six months

By Joyce Teo

SINGAPORE’s poorest 20 per cent were hit twice as hard by inflation than better off households during the first half of the year, new Government figures show.

Largely because of rising food and housing prices, the low-income group experienced inflation at 1.6 per cent in the six months to June, compared to 0.7 per cent for the middle 60 per cent and 0.9 per cent for the top 20 per cent of households.

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