More transparency for town councils' investment
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We need to address the following issues with regard to the recent investment of our town councils funds into toxic instruments:
1. More transparency needed from all town councils on the investible profit/loss statement all these years other than those listed in the annual financial statement. We prefer a clearer detailed reporting.
2. More say from the fee-paying residents on whether they want to limit the current investible amount of our sinking funds into risky investment from the current 35\%. We are clearly uncomfortable with the investment into risky instruments however small it is.
3. More consultation on how our huge sinking funds accumulated can be put to better use. We will prefer a more consultative approach on how our estates are managed.
Above all, we want to be better engaged as residents so that we can participate fully on how our estates can be better improved.
Thank you.
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Goal
100 signatures
Goal: 100
Latest Signatures
2 January 2016
15 December 2015
13 October 2015
20 September 2015
13 September 2015
24 August 2015
26 July 2015
94.
Sentosa Knight
|
Town Council are being to secretive in hiding their loss, just like NKF before the whole saga
20 July 2015
14 July 2015
10 July 2015
23 June 2015
90.
Weiliang Crawford
|
Even though I do not live in HDB estates, I am signing the petition in solidarity for the call for transparency.
25 May 2015
8 May 2015
18 April 2015
24 March 2015
22 February 2015
14 February 2015
11 February 2015
83.
Benedict Y
|
TC should not risk tax payer's money. No one blame them if the Bank FD return is low.
11 January 2015
12 December 2014
10 December 2014
25 November 2014
23 November 2014
78.
Lky Moore
|
we need a proper explanation as to why this info was not revealed until the leak. As this is the people's money residents should have been informed of the investments and how it would have benefitted the residents!
4 November 2014
4 November 2014
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