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https://www.channelnewsasia.com/news/cnainsider/road-rage-singaporean-drivers-anger-management--11126586 On Channel NewsAsia's talking point show a couple of days ago on the topic of road rage. Interesting article... Food for thought Inside road rage: What turns Singaporean drivers into monsters? All it takes is an “idiot driver” hogging the lane to set him off. “It gets my blood boiling,” said the radio show caller who identified himself as Sin. “And the next thing I’d do is, I’d overtake him. I’d look at him, point the finger at him, call him to the side road, and then we settle it like men.” Asked by 938NOW host Keith de Souza about facing the consequences, legal or otherwise, of his actions, he said: “I don’t care.” “If a man is angry, he’s angry,” he said simply. Sin, who has been driving for more than 40 years, is not alone. Videos of road rage incidents on Singapore’s roads have been viral fodder on social media, while related court cases have made the headlines. According to a survey by insurer AXA, one in two Singaporean drivers feel that the roads have become less safe compared to three years ago – citing more aggressive drivers as the top reason. So what is it that is setting off seemingly normal people once they get behind the wheel? In a recent episode, the programme Talking Point delved into the question by getting into a car with a a driver who is candidate for road rage. Mac, as he wanted to be known, does not look like an angry person. In fact the 42-year-old project manager’s friend, Siva, described him as “a really awesome dude” – except for his “horrible temper” that “translates into his driving”. Mac admits that getting angry while driving is normal for him. He said: "I believe that's how it is on Singapore roads; a lot of people are stressed" “Sometimes, you start the day with certain emotions after leaving your home or workplace. The first few guys who cut in without signalling, you try to be ‘okay, never mind’. “But then it happens again – and it hits you to the maximum. You want to show some sign language to tell him that this is not okay.” Once, he even got out of his car to snap at the other driver. Talking Point host Steven Chia soon got a taste of Mac’s impatience. A bus on his left moved too slowly for Mac, and he sped ahead to cut it off – earning a honk from the bus driver. Asked if he felt that was “slightly aggressive” driving, Mac sheepishly agreed. “I was also thinking there was a car following behind me … I could be wrong." ENTITLED DRIVERS Asked why he thought there was so much road rage in Singapore, ROADS.SG founder Aloysius Fong noted that cars were very expensive here. “And so, the car will always be a treasured item. If you come close and you threaten my car or me, I will react straightaway,” he said. His director, Jason Lim, also attributed it to a sense of entitlement. “Everyone feels like they're right in these instances. Which is very amusing – it’s why they all send us their videos,” he said. ROADS.SG, which has about 200,000 followers, gets nearly 30 video submissions a day capturing all sorts of incidents on the roads. One type of driver, in particular, is often generalised as acting entitled: Those who own flashy and expensive cars. Mr Lester Tang, marcoms director of Sports Car Club (Singapore) – which educates its 120 members to be gracious on the road – agreed that there’s the impression that if one has a high-powered sports car, one must be an aggressive driver. “(But) sports car or not, road rage is a personality thing,” he said. Club president Rosalind Choo said she is not an angry driver, but has been the brunt of other drivers’ aggression. Once, she accidentally knocked another car while opening the door of her Lamborghini and apologised for it. “The next thing (the other driver) said was: ‘Don’t think that driving a supercar is a big deal.' I don’t know where she got that from.” TAKE A DEEP BREATH Can road rage be reined in? There is no specific law here that deals with road rage, but it is treated as a criminal offence once it becomes a case of voluntarily causing hurt. The number of such cases that involve road rage has actually dropped by nearly 30 per cent – from 90 in 2013 to 66 in 2017. On a personal level, though, grappling with one’s anger demons can seem daunting. One 938NOW caller described it as something that “takes over” a person. “You're out of control. When it happens, you are not yourself,” said the man, Mr Chan. But Mac was open to giving it a go at the Singapore Counselling Centre, which sees more than 70 clients a month who need help managing their anger. Mr Warton Ong, a professional counsellor, suggested an easy deep breathing technique – inhaling through one’s nose, holding for about four seconds, and exhaling slowly through pursed lips. “When we’re triggered, our breathing becomes very chaotic,” he explained. “It inhibits the way you think, feel and act. "Once we're able to stabilise out breathing, then we get the thinking brain back in action." "And we’ll realise, ‘I need not retaliate, because that will endanger my life’.” Mr Ong also showed Mac what he calls “thinking traps”, such as “should statements” – telling yourself that things should be the way you hope or expect them to be. Mac agreed that sometimes he is too quick to judge and blame others. He reckoned that he should focus more on his driving and less on others’. DID HE IMPROVE? Mac said he would try to apply Mr Ong’s suggestions in his daily driving routine – and after three weeks, Talking Point put his patience to the test. With senior instructor Mr Low Kar Yoong from the Singapore Safety Driving Centre secretly taking on the role of a bad driver, Mac was put through a few scenarios. In one, Mr Low drove slowly and uncertainly in front of Mac, who decided to overtake the road hog. Mr Low sounded his horn and Mac waved him off. Mr Low then cut into Mac’s lane and jammed on his brakes. Mac high-beamed him and sounded his horn. Finally, Mr Low cut into Mac’s lane again and made an abrupt left turn, and Mac did not react – he stayed calm. “I put myself in that position ... Sometimes we miss a spot and you want to turn. It could be me,” he reasoned. Giving his assessment afterwards, Mr Low said he thought Mac responded pretty well, pointing out that he “didn’t do any dangerous manoeuvres like overtaking me abruptly”. He added: “Some horning or high beams is fine to prevent accidents from happening." Mac shared that he felt calmer than the first time Mr Chia had sat in a car with him. The counsellor’s advice had proven useful. “Normally I would have used colourful words and pointed my middle finger. But today, I was taking a deep breath and trying to focus on my driving and my safety,” he said.

Source: http://www.channelnewsasia.com/stories/sin.../359637/1/.html By Conrad Raj, TODAY | Posted: 11 July 2008 1114 hrs SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed one of its heaviest civil penalties ever on the former financial controller of Cosco Corporation Singapore, Teo Chuan Teck, by fining him $320,000 for insider trading

http://www.tremeritus.com/2014/02/23/gic-continues-to-use-officers-involved-in-insider-trading/ GIC continues to use officers involved in insider trading February 23rd, 2014 | Author: Editorial A reader has written in to let TRE know of a case where GIC officers caught for insider trading were allowed to continue to work in GIC. The insider trading case involved 3 GIC staff in 2003: Lim Kee Chong, Teng Cheong Thye and Choo Yong Cheen. The case surfaced in 2004 and was reported by international media when the Financial Services Agency (FSA) and the Securities and Exchange Surveillance Commission (SESC) of Japan reported the matter to the central bank of Japan. The Associated Press reported the incident on 21 Oct 2004 [Link]: Singapore’s central bank said Thursday it has fined three employees of the government’s secretive investment fund for insider trading involving shares of a Japanese financial company. Lim Kee Chong, Teng Cheong Thye and Choo Yong Cheen were fined a total of 710,000 Singapore dollars (US$422,700; euro 346,000) for the offense, the Monetary Authority of Singapore said in a statement. The employees of the Government of Singapore Investment Corp., or GIC, sold the shares of Sumitomo Mitsui Financial Group Inc. last year after obtaining confidential information that the company planned to issue new shares, the statement said. When news of the issue was made public, investors sold the stock due to fears that the additional supply would reduce the value of Sumitomo Mitsui’s existing shares. By selling the shares before the announcement, the employees avoided a loss of S$710,000 for the GIC – the same amount they were fined. Singapore’s Securities and Futures Act imposes fines of up to three times the profit – or loss avoided – from insider trading. The GIC wasn’t penalized and the employees will not face criminal charges, the statement said. TRE was not able to find the said statement on MAS website anymore. However, we were able to find an old statement on FSA website. FSA is the Japanese government organization responsible for overseeing banking, securities and exchange, and insurance in order to ensure the stability of the financial system of Japan. The agency operates with a commissioner and reports to the Minister of Finance. It also oversees the Securities and Exchange Surveillance Commission (SESC) and, the Certified Public Accountants and Auditing Oversight Board. According to the 2004 statement from FSA website [Link], the 3 GIC staff did “insider trading involving Japanese securities market”. It said that the kind of insider trading committed is called “cross border transaction” which is a securities transaction in a Japanese securities market by a foreign resident. FSA further said, “The enforcement action by MAS has come as a result of our request of investigation into and providing information of a suspicious case of insider trading, which was detected by the Securities and Exchange Surveillance Commission of Japan (SESC), based on the bilateral Memorandum of Understanding (MOU) with MAS on the sharing of information on securities matters.” Excerpt of the statement has been screen captured by TRE and appears below: The TRE reader wrote: The leader, Mr Lim Kee Chong, settled the civil suit against him. Two others, Teng Cheong Thye and Choo Yong Cheen, were also found guilty in the civil suit then. They accepted the civil suit and were fined various amounts and were also suspended from work. They remained in GIC. Teng left GIC in late 2012. Both Lim and Choo are Managing Directors of GIC now. In fact, Lim is the Group Deputy Chief Investment Officer. A check by TRE on GIC website [Link] confirmed this. Indeed, Lim Kee Chong is now the Deputy Group Chief Investment Officer: Choo Yong Cheen is part of the GIC Investment Groups (Special Investments). He is currently in-charge of direct investments in Asia as well as funds and co-investments in Asia and the emerging markets: The TRE reader further added: Based on the MAS’s Guidelines on Fit and Proper Criteria (revised on 7 August 2012), one of the factors that is relevant to the assessment of the honesty, integrity and reputation of a relevant person is in clause 13(i) of the Guidelines: has had any civil penalty enforcement action taken against it or him by MAS or any other regulatory authority under any law in any jurisdiction. He then asked the following questions: Have Lim and the other two been subjected to the same standards of test that I am told every financial industry practitioner is put through? If not, why? If so, does it mean they were wrongly punished by the 2003 civil penalty? In fact, further checks by TRE revealed that Deputy Group Chief Investment Officer Lim Kee Chong’s name was in the industry-related sanction list of the US-based CFA Institute. CFA Institute [Link], is a global association of investment professionals. The organization offers the Chartered Financial Analyst (CFA) designation, the Certificate in Investment Performance Measurement (CIPM) designation, as well as the Claritas Investment Certificate. On its website, the CFA Institute has a section which lists individuals who, since 1 January 2000, are currently serving public disciplinary sanctions for violations of the CFA Institute Code of Ethics and Standards of Professional Conduct or have resigned their memberships while under investigation for industry-related misconduct. Public sanctions for industry-related conduct may include the followings [Link]: Censure Suspension from the CFA Program Suspension of membership Suspension of the right to use the CFA designation Permanent prohibition/suspension from the CFA Program Revocation of membership Revocation of the right to use the CFA designation Summary suspension In the case of Lim Kee Chong, the CFA Institute conducted its own hearing in 2010 and found Lim to have violated the CFA Institute Code of Ethics and Standards of Professional Conduct with regard to the 2003 insider trading incident. This was later affirmed by another review panel in 2011. This is what the CFA Institute said of Lim: It’s not known if Lim voluntarily disclosed his past insider trading case to the CFA Institute in 2010 or the CFA Institute found out about it 7 years later. It’s also not known if the MAS knew about the CFA Institute’s hearing of Lim Kee Chong case in 2010, 7 years after the insider trading incident. The delay of 7 years to come to the attention of CFA Institute remains a mystery.

Insider news is that Temaek plans to buy over a certain European car manufacturer. No idea which one and what possesed them to do that. IIRC, Alfa is not making money? Don't tell me it's them?