Millions

CO-OP WILL TRY TO RECOVER LOST MILLIONS STOLEN BY THEIR STAFF

An SSBEC spokesman said it will "decide on the civil suit options to recover the money once we know the outcome" of the investigations. Two female employees of the cooperative were jailed on Tuesday for misappropriating $5.1 million in funds between 2008 and 2013. They had used the money to fund an extravagant lifestyle - including buying luxury staycations at five-star hotels and gym memberships with personal trainers.

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INACTIVE FOOTBALL CLUBS RUNNING JACKPOT ROOM TOLD TO STOP

The newly elected FAS council have given an ultimatum to four inactive S-League clubs that operate jackpot rooms an ultimatum - either return to playing in the S-League, or be de-affiliated and give up their cash machines. This fruit machines issue came under the spotlight in April, when losing presidential candidate, Bill Ng, disclosed the fact that jackpot machines had enabled his club, Tiong Bahru FC to make a huge donation to the AFC. Tiong Bahru FC and Bill Ng are currently under investigations, along with a few others, including ex FAS president, Zainudin Nordin.

The four inactive S-League clubs who were still earning money from jackpot machines were named as Tanjong Pagar United, Gombak United, Woodlands and Sinchi FC. FAS have stated that if these clubs are not serious about football but only about generating income via their jackfruit machines, should no longer be able to run jackpot rooms under the umbrella of being professional football clubs. Some of the four sit-out clubs have indicated their willingness to return to the S-League, but are worried about the costs and whether they had the funds to run a professional team.

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38 OXLEY RD IS WORTH AT LEAST $100 MILLION IF IT IS DEMOLISHED

Oxley 38 is worth a lot of money now. Property consultants conservatively estimated it to be worth 24m in 2015. It is worth a lot more if the house is demolished, and then re-zoned for development. Maybe 4 times or more if one can build condos. It will be deeply tragic if it's because of money that the Lee family and Singapore gets hurt over this sorry saga.

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SBS TRANSIT POSTS RISE IN EARNINGS, CONSUMERS STILL FACE TRANSPORT HIKES

All the figures cited for the first three months for SBS Transit showed a healthy increase. While the company had said that operating costs will be higher with salary adjustments and increase headcount ahead of the opening of the Downtown Line 3, as well as repair and maintenance cost, this does not dilute the fact that in the first three months alone, their revenue has grown.

When times are bad, consumers are saddled with price increases to help pay for costs. Now, it seems like times are good. How come no price decrease for public transport, yet we hear of more price increase?

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TIONG BAHRU HAD $37M REVENUE LAST YEAR AS FAS STRUGGLE TO GENERATE INCOME

The recent FAS saga have shown one thing, that nobody actually cares for the football in Singapore. It's all about the money and power, and that's why our local football will never go far. Forget about reaching the standards of the Japanese league, our own S-League could not even match up to Indonesia's, and they had their league suspended by FIFA for one whole year last year!

But out of this saga, we now have the surprising news that the Tiong Bahru Football Club had actually amassed a revenue of $36.8m last year!The FAS own budget for the whole of last year was $35.8m. And it was not only last year that Tiong Bahru FC had amassed millions via their jackpot machines. They had made between $11m - $36m in the years since 2011. They are a far richer club than the FAS and the professional S-League clubs!

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ROY NGERNG: PAP POLITICIANS ENRICH THEMSELVES WHILE S'POREANS STUCK IN DEBT

It is time Singaporeans think carefully about what the PAP is really doing with our country and to see through their actions, if we are willing to look beyond and see the truth.
Once we have done that, we have to decide for ourselves if PAP is still what we want in Singapore's government. Singaporeans have to consider for themselves if the PAP's hypocrisy and hidden agenda is still what is needed for Singapore, and for our families, children and our country's future.

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IS SMRT'S MILLION DOLLAR CEO DESMOND KUEK WORTH HIS SALT?

Desmond Kuek earned over S$1 million in his first 6 months as CEO of SMRT, according to SMRT’s annual report for 2013. That’s from the period of October 2012 to March 2013. Let’s take a look at the breakdown of this (we’ll move on to the SMRT breakdowns in just a bit). Mr Kuek received a basic salary of S$305,000 for 6 months on the job. In addition to this, he was paid a performance bonus of S$274,000. And in even more addition to this, he was given S$32,000 in ‘benefits’. That’s a neat sum of S$611,000. But that’s not all.

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LTA FINES SMRT $1.6 MILLION FOR 4 SERVICE DISRUPTIONS IN 2013

The Land Transport Authority (LTA) said it intends to fine train operators SMRT and SBS Transit a total of S$1.65 million for five separate incidents between October 2013 and May this year which led to disruptions in service. SMRT will incur a S$1.6 million penalty for four separate incidents on the North-South and East-West Lines, while SBS Transit will be fined S$50,000 for an incident on the North East Line (NEL), the LTA said in a statement on Monday (July 21).

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