SM Goh. What happend to him?
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Hardly see him on media..
Why?
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bcos he is not ch 8 actor like chen hanwei or tay ping hui
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Originally posted by FireIce:
bcos he is not ch 8 actor like chen hanwei or tay ping hui
yah retired actor
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SINGAPORE: The Crown Prince of Bahrain met President SR Nathan and Singapore's political leaders on Tuesday 14 Oct 2008.
Crown Prince Shaikh Salman Hamad Al-Khalifa is in Singapore for a four-day visit from October 13 to 16 at the invitation of Prime Minister Lee Hsien Loong.
The Crown Prince met Mr Lee on Tuesday morning at the Istana. Mr Lee hosted a dinner for the Crown Prince later in the day.
Crown Prince Shaikh Salman also met Senior Minister Goh Chok Tong and Minister Mentor Lee Kuan Yew.
The leaders discussed the current global financial turmoil and its impact on the Middle East and Asia as well as regional developments.
Both sides agreed that as small countries, Singapore and Bahrain faced common challenges.
In this context, Singapore leaders welcomed Crown Prince Shaikh Salman's interest to draw lessons from the Republic's experiences.
Both sides also reiterated their commitment to enhance and expand bilateral co-operation.
Crown Prince Shaikh Salman also visited the Singapore Exchange (SGX) where together with the Chairman of SGX, Mr J Y Pillay, he witnessed the signing of an MOU between SGX and the Bahrain Stock Exchange. - CNA/vm -
SINGAPORE: Former chairman of the US Federal Reserve Paul Volcker called on Senior Minister Goh Chok Tong at the Monetary Authority of Singapore on Monday 13 Oct 2008.
During their meeting, Mr Goh and Mr Volcker discussed the recent financial and economic developments in the US.
Mr Volcker also shared his views on political developments in the US and on the longer term repercussions of the US government's financial rescue package. - CNA/vm -
Friday, October 10, 2008
SM Goh says impact of financial crisis on real economy is worrying
By S Ramesh, Channel NewsAsia | Posted: 10 October 2008 1500 hrsSINGAPORE: Singapore's Senior Minister Goh Chok Tong, who is also the Chairman of the Monetary Authority of Singapore (MAS), on Friday said Asian banks have learnt their lessons after the last financial crisis.
He was addressing a luncheon session at the Indian diaspora conference. Replying to a question on the impact of the current financial crisis on Asia, he answered that the impact of the crisis on the real economy is worrying.
Mr Goh said: "Already we are seeing slower signs of growth for Singapore and likewise for many countries in Asia. There is no escape. US is one of our biggest export markets for most countries in Asia, if not the biggest. Europe is also a big market for us.
"So when the real economy begins to be affected, all of us will be adversely impacted. That is the part I worry about. What will growth be like next year and how long will slow growth be dragged out for all of us?"
"This time the financial turmoil has affected more of the West, US and Europe. Asia as of now has not yet been as adversely affected as the economies in the West. That is partly because, in a way, we are less sophisticated in questions of derivatives. I think it is a good thing.
"Many of our investors want to jump into derivatives. But also after the Asian financial crisis, the banks in Asia, they have re-capitalised themselves.
"They are better regulated, they have better boards and management and these are the principal factors that have in a sense prevented us from being sucked in by the financial turmoil in the West.
"But I would say the worrying news would be how the financial turmoil in the West is now affecting the real economy in Europe and in the US."
- CNA/ybSM Goh says Singapore, ASEAN stand to benefit from India's rise
By Imelda Saad/S Ramesh, Channel NewsAsia | Posted: 10 October 2008 1500 hrsSINGAPORE : Against the backdrop of a worldwide economic slump, India, together with China, could provide the engine of growth for the global economy.
That is the view of delegates who are in Singapore for the Global Indian Diaspora Conference.
Speaking at the event, Singapore's Senior Minister Goh Chok Tong also voiced his confidence in the Indian market, saying that Singapore and ASEAN stand to benefit from India's rise.
Touching on his personal engagement with India, Mr Goh is convinced that India will be the next engine of growth, alongside China.
India now accounts for almost 7 per cent of the world's gross domestic product. And by 2050, India's working population will be 50 per cent larger than China's.
It was Senior Minister Goh who started the mild "Indian fever" back in 1993, and that has since become somewhat a global pandemic.
Moving forward, Mr Goh said there needs to be greater engagement between India and ASEAN, because India is one of the key economic pillars for the region. He said that being at the heart of Asia, Singapore can be a gateway for India into the region.
The Senior Minister said: "Dr Manmohan Singh was aware of Singapore's strategic location when he said that if the Indian government wanted to 'market New India', they would have to begin in Singapore.
"Singapore shares 'New India's' pro-market ideology. We have an inclusive cosmopolitan community which welcomes Indian enterprise and talents. India and Singapore have shared strategic interests in contributing to Asia's growth and stability.
"What gave me confidence in India when many people were sceptical about the country then? One of the key factors is the Indian diaspora.
"I had seen what the Indians outside India had achieved - in the US and in Singapore, for example. Their accomplishments gave me confidence in the potential of Indians as a people. If India had not performed, it was their insular bureaucracy, amongst other reasons.
"As I told several Indian leaders then, India should not aim just to be economically self-sufficient. It should use its huge population to also produce for the rest of the world, just as China had begun to do. If India adopted a global mindset, its future prospects would be bright."
Already, there are now more than 3,200 Indian companies in Singapore. But more can be done.
Mr Goh pointed to obstacles in trying to establish a Special Economic Zone with India, unlike in China where things moved along fairly quickly with the recent groundbreaking ceremony of the Eco-City in Tianjin.
Mr Goh said: "Land is a very sensitive issue in India. The project has to be very commercial. It cannot be a project where the government simply acquires the land and gives it to the private enterprise. So we are interested, still looking for that piece of land.
"China could move much faster with the Tianjin Eco-City project. That does not mean China does not have sensitivity issues with the land acquisition. Because this was supposed to be an Eco-City, Premier Wen's approval for the project was subject to certain conditions.
"It must not be agricultural land. The place must be short of water. So, in fact the land given to us was 30 square kilometres of salt pans... they had a waste pond, toxic... they had a river which was polluted. We are now going to turn that into an Eco-City. So India, if they can give us 30 square kilometres, whether it is wasteland or good land, we can have a look at that."
Delegates were equally optimistic. Rajat M Naj, managing director general, Asian Development Bank, said that the current financial crisis will not hurt India much in the medium term. Others pointed to the rise of Indian multinational corporations.
Vijay Iyengar, chairman, Singapore Indian Chamber of Commerce and Industries, said: "The current economic backdrop may temporise the engagement a bit, but the engagement is a continuous process, and I think Indian companies have been approaching the region.
"For the last two years, we have seen a 10 to 20 per cent growth in the number of Indian companies coming into Singapore. It might scale down a bit, but they will still come, because India is still in the initial stages of economic growth, so they will need to internationalise."
Still, speakers at the conference pointed to challenges India needs to overcome to sustain its growth momentum, like building up infrastructure and promoting commercial agriculture in its rural sector.
Mr Goh said: "India is a big country and given its present supply-side constraints and infrastructural inadequacies, we can expect development to be uneven across the states.
"An Egyptian minister once told me that Egypt's bureaucracy has a history of 5,000 years, so it is difficult to make changes. The bureaucracy of the Republic of India has far fewer years of history, and changes should be easier to make." - CNA/yb/ms -
He is scared, he is afraid that he becomes like Pres Ong Teng Cheong at the hands of the asspot and assson....
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Originally posted by Ajen:
Hardly see him on media..
Why?
clearly... ur eyes pasted stamp... -
Originally posted by Rednano:
clearly... ur eyes pasted stamp...I also don't know, cos I don't read ST and seldom watch TV. Hah
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Originally posted by yamizi:
I also don't know, cos I don't read ST and seldom watch TV. Hah
Then what u do at nite?? DIY?? -
SINGAPORE: Former chairman of the US Federal Reserve Paul Volcker called on Senior Minister Goh Chok Tong at the Monetary Authority of Singapore on Monday 13 Oct 2008.
why bother to met fomer chairman of Feds? too much free time?
another cases of using public funds for unnecessary entertainment.
another million dollar man flop!
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he is reading script someobne has writtne for him. he is a puppet!
i also know brazil is another country who has a large population and opportunity for investors who are risk takers.
And indonesia the biggest muslims nation with great potential but investors has to know it a morescrew up govt than singapore.
last i heard he promoting tianjin eco city. I hope it dont flop like a suzhou! where LKY now when ask about suzhou flop?
hide in granmother cupboard!
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Originally posted by reyes:
why bother to met fomer chairman of Feds? too much free time?
another cases of using public funds for unnecessary entertainment.
another million dollar man flop!
why did the former chairman of Feds want to 'call on him'?
but if this guy bother to fly all the way round the world to come and say hello, what is the problem with showing courtesy?
aiyo, your hatred and prejudice really blind you...sad.
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after the "2010" and "peanuts" incident, it is time for him to warm the bench..
btw, do we have the oldest government in the world?
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Outshone by our dear Mr Lee(s), no doubt.
As Fatboy so rightly put it, 'warm the bench'.
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Become LKY the second.
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He should have retired after he handed over to Ah Loong. Wasting taxpayer money only!
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Got wat...
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Originally posted by sgdiehard:
why did the former chairman of Feds want to 'call on him'?
but if this guy bother to fly all the way round the world to come and say hello, what is the problem with showing courtesy?
aiyo, your hatred and prejudice really blind you...sad.
what is the use of meeting a former chairman of the feds? he doesn't have any real power left, and his power of influence must be really limited after all these yrs. i recalled that the last fed chairman was alan greenspan, and he's probably the one who still have influence over bernanke. -
he still appears in the media as regularly as ever.
being chairman of the central bank, he is in fact more powerful than most of the cabinet ministers.
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why did the former chairman of Feds want to 'call on him'?
but if this guy bother to fly all the way round the world to come and say hello, what is the problem with showing courtesy?
aiyo, your hatred and prejudice really blind you...sad.
aiya, your love for PAP blind u too. he could reject his visit am i right? if personal visit, not using public funds, i dont even bother. but this consider official visit, we had to paid!!
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SM goh today told us china is growth engine for the world.
does anyone not know about it?does it taka a million dollar man to told us that breaking news?
so sgdiehard, do you china could be ithe biggest growth engine of the world in the future?
let me know if u dont.
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SM Goh says China could be biggest engine of growth for world economy
By Pearl Forss, Channel NewsAsia | 17 October 2008 2031 hrs
SINGAPORE: Senior Minister Goh Chok Tong said he's impressed with China's reaction to the financial storm.
In an interview with China broadcast station CCTV on Friday, Mr Goh said had the country not lowered its interest rate together with the Europeans and Americans, there would have been leakage of funds to the Renminbi.
Also by loosening its monetary policy, China ensured credit flow within the country.
Mr Goh said China could be the biggest engine of growth in the world for the next two to three years, if it continued to grow.
He added: "I remember (Premier) Wen Jiabao saying that China's best contribution is to keep the economy humming, which is correct.
"So if China concentrates on growing the Chinese economy through fiscal policy, as well as monetary policy, that will be a huge contribution to the current problem." - CNA/vm -
Strong political leadership crucial in globalised world
By Hoe Yeen Nie, Channel NewsAsia | Posted: 18 October 2008 1611 hrs
SINGAPORE: Senior Minister Goh Chok Tong said political leadership remains crucial in an increasingly globalised world. In the case of Singapore, strong institutions that have gained the people's trust have been key to its success.
Mr Goh first visited South Africa as prime minister of Singapore in 1991, and subsequent travels to other African nations have prompted him to think about the conditions for economic success.
A question which he said is particularly relevant in these uncertain times, especially when the impact of the current financial crisis is likely to reach developing nations.
In a globalised world where knowledge-based expertise is increasingly prized, Mr Goh said strong political leadership is even more indispensable than ever, pointing to recent actions by governments to deal with the troubles in the banking sector.
He believes more rules will be introduced in the wake of the financial crisis.
Mr Goh was speaking at a ceremony on Saturday where he received an honorary doctorate for Business Administration from South Africa's University of Pretoria.
He said while conditions for growth must take into account a country's endowment, social fabric, values and political climate, it is effective governance that "makes or breaks" a country.
"This is what Singapore has done, and is doing – systematically identifying good men and women with the character, values, drive, motivation and commitment to stand for elections and lead the country.
"This culture of planned political succession of prime ministers and ministers on the basis of merit distinguishes Singapore from other countries," Mr Goh said.
Another ingredient is talent. For Singapore, the key lies in balancing the need to bring foreigners into the system, while minimising the brain drain from its own people. -
Originally posted by Rednano:
SM Goh says China could be biggest engine of growth for world economy
By Pearl Forss, Channel NewsAsia | 17 October 2008 2031 hrs
Mr Goh said China could be the biggest engine of growth in the world for the next two to three years, if it continued to grow.
He added: "I remember (Premier) Wen Jiabao saying that China's best contribution is to keep the economy humming, which is correct.
No wonder My joo chiat place and geyland full of PRC gals standing here and sitting at the kopi tiam, they real engine growth for our Sg Uncles economy. And also, no wonder police never catch them...hmmm biggest engine..i wonder...my engine also good mah..why?