Who would, in his wildest imagination or nightmare, think an educational institute like the Temasek Polytechnic (TP) has $62.50 million of free cash to dabble in the bond market? Instead of prepping its students to survive in the job market, they were bleeding them bone dry with exorbitant fees and charges. That plus the fact that the 5 bonds, averaging $10+ million a piece, were committed without requisite approval from the sleeping Investment Committee (page 42).
Remember the errant fishball stick that triggered a multi-agency, mayor-led fact-finding mission to figure how it could possibly remain on the ground for two whole days? Lee Hsien Loong set up the Municipal Services Office (MSO) to end the quibble about who, National Environment Agency (grassy slope), National Parks (park connector) or Land Transport Authority (pavement), should clean up after the juvenile pick-up-sticks game. It turns out the efforts of the prime minister, and his disgraceful minister charged with the heavily funded initiative, have been largely ignored.
The AGO found that the National Environment Agency (NEA)'s $4.19 million rodent infestation eradication contract covers only burrows found in areas under its purview. NEA told AGO that, although not worded such, its intent was, for burrows found in other areas, it would inform other agencies "to take care of the problem themselves". This has to be NIMBY at its worst. As a result, AGO said that 115 burrows were found but not destroyed. For that kind of money, our aunties collecting cardboard for exercise would have a more lucrative alternative catching rats. Tan Chuan-Jin, please take note.
Now it makes sense why netizens were distracted by efforts to hunt down the identity of the errant Citizens’ Consultative Committee (CCC) chairman who signed off personal expense claims to the tune of $114,767. There are more gems in the AGO report to be glossed over.