2008 October

Is Tan Kin Lian heading towards a collision course with the establishment ?

We are offering attractive cash rewards for any reliable information on the amount of sinking funds lost by any PAP Town Councils. Read more By Fang Zhi Yuan, Chief Editor As the adage goes “too many cooks spoil the broth“. The minibond debacle which has been dragging on like a soap opera for weeks saw no end...

Singapore Kopitiam feature: Interview on Tan Kin Lian

In your dealings with him, what kind of person does Mr Tan strike you as? I worked with Tan Kin Lian since 15 August 2003 until his retirement on 1 April 2007. I did not report directly to him. I reported to the present general counsel of NTUC Income, Vincent Yeo. Tan has often believed in doing what is right and in helping...

What the hell is Tan Kin Lian doing ?

By Fang Zhi Yuan, Chief Editor “DBS begins compensation process” screams the Straits Times headlines on 24 October 2008. “I am deeply concerned about the anguish our customers are experiencing. DBS is committed to doing the right thing and my colleagues and I are working as hard as possible to resolve...

More photos of minibond protest at Hong Lim Park, 25 October 2008

Photos by Eugene Yeo and Cheng Siew Peng Read Wayangparty Club’s coverage of yesterday’s protest at Hong Lim Park: Field report and photos Mr Tan Kin Lian’s speech Part 1 Mr Tan Kin Lian’s speech Part 2 Mr Tan Kin Lian’s speech Part 3 EDITORS’...

Mr Tan Kin Lian’s speech at Hong Lim Park, Part 3 (25 Oct 2008)

Video and editing by Eugene Yeo and Cheng Siew Peng, uploaded at 10pm. [youtube=http://www.youtube.com/watch?v=BBp_JhTrUQM&hl=en&fs=1] Excerpts from Mr Tan Kin Lian’s speech: “Somebody asked me, Mr Tan, is it possible to get back 100% ? Honestly, I don’t think so. Because already the underlying assets,...

Mr Tan Kin Lian’s speech at Hong Lim Park, Part 2 (25 Oct 2008)

Video and editing by Eugene Yeo and Cheng Siew Peng, uploaded at 9pm. [youtube=http://www.youtube.com/watch?v=fpkskHi0Vxk&hl=en&fs=1] Excerpts from Mr Tan Kin Lian’s speech: “MAS, don’t do case by case, not fair, sometimes the bank is not so generous. So the petition is to ask MAS to see so many people...

Mr Tan Kin Lian’s speech at Hong Lim Park, Part 1 (25 Oct 2008)

Video and editing by Eugene Yeo and Cheng Siew Peng, uploaded at 8.10pm [youtube=http://www.youtube.com/watch?v=ct1HmI3r1TM&hl=en&fs=1] Excerpts from Mr Tan Kin Lian’s speech: “The main purpose of the meeting is for the investors to get together and according to which bank you buy from, so some of them...

LATEST from Hong Lim Park: Over 500 disgruntled investors turn up to protest against MAS’s inaction

Article and photos by Eugene Yeo and Cheng Siew Peng on site from Hong Lim Park, 6.15pm [youtube=http://www.youtube.com/watch?v=BNSTHTs-wRw&hl=en&fs=1] Mr Tan Kin Lian preparing for his speech. The 15 minutes speech will be uploaded in 3 parts on our blog in the next few hours In spite of the latest offer by 3 banks...

Who are the real winners and losers of the Lehman minibond fiasco ?

By Fang Zhi Yuan In spite of my initial misgivings of the government’s handling of the Lehman minibond fiasco, I must applaud them for bringing about a faster than expected closure with the latest announcement by Hong Leong Finance, Maybank and DBS to compensate “vulnerable” buyers for their losses. If...

Comparison of how MAS and HKMA are handling the complaints of Lehman investors

By Fang Zhi Yuan In parliament yesterday, Deputy Trade and Industry Minister Mr Lim Hng Kiang claimed that MAS is already doing everything that it can for the affected minibond investors. “It is fully understandable he said, that investors are anxious but the process must be allowed to take its course as rushing...