LEONG Sze Hian --Tote Board reserves is $3B, NCMP Lina Chiam files Parliamentary questions on Tote Board
I refer to the article “Tote Board donates $400M to help build ‘Gardens by the Bay’“. (TR Emeritus, Apr 15)
Annual reports in the library?
Mr Richard Wan, the Editor of TR Emeritus emailed the Tote Board, and I understand that the Tote Board has replied that the government has received a Parliamentary Question on this issue and will be providing a response at the next parliamentary sitting, and that the Board’s annual reports are publicly available at the National Library.
Parliamentary Question filed?
In this connection, I understand that NCMP Mrs Lina Chiam has already filed a Parliamentary Question on this issue.
Put Annual Reports on web site?
I went to the National Library’s Reference Section and found the Tote Board’s 2010 Annual Report (hard copy).
In today’s digital age, may I suggest that its annual reports be made available online on its web site.
The turnover for 2010 of the Singapore Turf Club and Singapore Pools was $8.1 billion.
Gaming – $1,525 per person?
With a total population of 5.31 million, does it mean that the gaming per person was about $1,525 ($8.1 billion turnover divided by 5.31 million population)?
$1.4b paid to govt.?
Total betting duties paid to the government amounted to $1.4 billion.
Donate more to Charity, less to govt?
Since the Budget surplus was $3.9 billion last year ($36 billion according to IMF standards – “Budget surplus: $3.9b or $36b?”, Mar 24), may I suggest that the Tote Board be encouraged to pay less if not nothing to the government, and donate more to Charity.
Surplus $472m, Reserves $3b?
The surplus of the group was $472 million, and its Capital and Reserves was $3 billion.
Why have so much surplus, reserves?
As I understand that the Tote Board was set up primarily to operate and receive gaming revenue to help the community, why does it need to have so much surplus for the year and accumulated reserves?
$703m total donations ($61 to Charity)?
It made donations totaling $703 million as follows (in 2010):
Arts and Culture $74 million
Charity (Social Service) $61
Community Development $401
Sports $116 million
8.7% of total donations went to Charity?
So, donations to Charity (Social Service) at $61 million was about 8.7 per cent of the total donations.
Its donations to Charity (Social Service) was $13, $35, $44 and $50 million, in 2006, 2007, 2008 and 2009, respectively.
Leong Sze Hian
Leong Sze Hian is the Past President of the Society of Financial Service Professionals, an alumnus of Harvard University, Wharton Fellow, SEACeM Fellow and an author of 4 books. He is frequently quoted in the media. He has also been invited to speak more than 100 times in 25 countries on 5 continents. He has served as Honorary Consul of Jamaica, Chairman of the Institute of Administrative Management, and founding advisor to the Financial Planning Associations of Brunei and Indonesia. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications. He blogs at http://www.leongszehian.com.-->>>>>>>>>> TO HELP ME, COMPLETE THESE STATEMENTS, THANKS: http://roberthorequestforstatements.blogspot.com/My wife, an accountant, then a manager in an MNC drawing a 5-figure salary before she retired, can confirm that I write the Truth in all these. <<<<<<<<<<RH: LKY LHL WKS ELECTION RIGGINGS EMAILED TO ALMOST ENTIRE GOVT:
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MY ACQUAINTANCE, MR DAVID DUCLOS, A FORMER POLICE INSPECTOR, AND HIS LAWYER FRIEND, EYEWITNESSED LEE KUAN YEW RIGGING THE 1997 CHENG SAN GRC ELECTION. READ MORE AT MY BLOG ENTITLED "I CAME, I SAW, I SOLVED IT" :http://i-came-i-saw-i-solved-it.blogspot.com/
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a. MY SWORN AFFIDAVIT OF 16 JULY 2010:
http://i-came-i-saw-i-solved-it.blogspot.com/2010/07/my-sworn-affidavit-of-16-july-2010.htmlb. SWORN EXHIBIT IN SUPPORT OF AFFIDAVIT:c. SOME LEGAL PRINCIPLES ON WHICH I GROUND MY CASE:d. THE PATTERN OF CRIMINAL WRONGDOINGS THAT PROVES MY CASE;e. 3rd EMAIL TO UK PM FOR OBSTRUCTING, PERVERTING JUSTICE:LEE Kuan Yew, LEE Hsien Loong, Tony TAN, HO Ching corruptions and theft of billions:
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