Pritam Singh Orders For Deletion Of Workers’ Party Video That Suggests PUB Has $5.3 Billion Surplus So it seems like Public Utilities Board (PUB), doesn’t have a “$5.3 billion surplus” after all. How does this affect us? Well, this just means that the 30% water hike that’s just kicked in, may be more justified than we thought. Who do we have to thank for this clarification? None other than Pritam Singh, new chief of Workers’ Party and Minister Lawrence Wong, in their recent not-so-friendly exchange. Catch their recent debate on Monday (9 Jul) here in full. We summarise it after the jump. Removal of misleading video Minister Wong spoke about how the $5.3 billion of “Capital Reserves” in PUB’s accounts, do not represent funds that PUB can use — as they’re already invested in property, plant and equipment. But on 4 Jun, Workers’ Party uploaded a video with regards to the 30% water hike which kicked in fully in July, touting that PUB had a $5.3 billion surplus. Mr Wong then fired back on all cylinders at Workers’ Party for “distorting the facts to mislead the public”. Mr Singh has since ordered for the removal of this video, which according to Minister […]
6 years ago
