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05-09-2017, 07:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
when I read this article, I could not believe it. Seriously? They did go ahead with the sale of one of SAF's main vehicle maintenance company to a China company? After all the threatening by China? After the confiscation of the Terrex by China? HNA typically used Chinese state owned banks (in other words the Chinese govt) to finance its acquisitions. So, its entirely possible that the Chinese govt directLY SUPPLIED The money to buy CWT. What a fucking joke. They don't need to confiscate any more terrex, all our vehicles and their capabilities and mods will be an open secret to them. How many we have will be known to them. Heck, they can even disable all of them if they want to.
'Rigorous framework' in place for managing contractors: MINDEF
Singapore’s Ministry of Defence (MINDEF) says it has a “rigorous framework” for managing outsourced goods and services, to protect the country’s operational and security interests.
“Like all government agencies, MINDEF uses commercial contracts for a wide range of goods and services. Only contracts for non-sensitive goods and services will be put up for open tender with the objective of getting the best value for the defence dollar,” said MINDEF on Tuesday (5 September) in response to media queries.
The statement comes as Chinese conglomerate HNA Group finalises its US$1 billion (S$1.4 billion) purchase of Singapore-listed logistics firm CWT Limited (https://sg.finance.yahoo.com/news/chinas-hna-boosts-stake-swiss-airport-retailer-dufry-054248147--finance.html), which provides maintenance services for Singapore Armed Forces (SAF) vehicles. It will seek shareholder approval for the purchase at a general meeting on Thursday.
CWT helps maintain both military and commercial vehicles, including tonners, Land Rovers, tractors, cranes and forklifts. The MINDEF statement added that “the platforms and equipment CWT currently handles are non-sensitive in nature” and “do not contain sensitive military technology”.
“MINDEF ensures that all contractors who access our facilities possess the necessary security clearance. There are also measures to safeguard any information provided to vendors necessary for their performance of service,” the statement said.
When it comes to contracts involving sensitive goods and services, the ministry also has a “stringent system of controls” to safeguard its operational and security interests. As part of this system, MINDEF is empowered to review these contracts whenever contracted firms undergo changes of ownership.
“If there are any potential issues (or security concerns) arising from the change in ownership, MINDEF/SAF will address them through steps such as instituting more stringent contractual clauses,” said the ministry’s statement.
Click here to view the whole thread at www.sammyboy.com (https://singsupplies.com/showthread.php?246262-How-fucking-stupid-can-the-PAP-and-MINDEAF-be&goto=newpost).
when I read this article, I could not believe it. Seriously? They did go ahead with the sale of one of SAF's main vehicle maintenance company to a China company? After all the threatening by China? After the confiscation of the Terrex by China? HNA typically used Chinese state owned banks (in other words the Chinese govt) to finance its acquisitions. So, its entirely possible that the Chinese govt directLY SUPPLIED The money to buy CWT. What a fucking joke. They don't need to confiscate any more terrex, all our vehicles and their capabilities and mods will be an open secret to them. How many we have will be known to them. Heck, they can even disable all of them if they want to.
'Rigorous framework' in place for managing contractors: MINDEF
Singapore’s Ministry of Defence (MINDEF) says it has a “rigorous framework” for managing outsourced goods and services, to protect the country’s operational and security interests.
“Like all government agencies, MINDEF uses commercial contracts for a wide range of goods and services. Only contracts for non-sensitive goods and services will be put up for open tender with the objective of getting the best value for the defence dollar,” said MINDEF on Tuesday (5 September) in response to media queries.
The statement comes as Chinese conglomerate HNA Group finalises its US$1 billion (S$1.4 billion) purchase of Singapore-listed logistics firm CWT Limited (https://sg.finance.yahoo.com/news/chinas-hna-boosts-stake-swiss-airport-retailer-dufry-054248147--finance.html), which provides maintenance services for Singapore Armed Forces (SAF) vehicles. It will seek shareholder approval for the purchase at a general meeting on Thursday.
CWT helps maintain both military and commercial vehicles, including tonners, Land Rovers, tractors, cranes and forklifts. The MINDEF statement added that “the platforms and equipment CWT currently handles are non-sensitive in nature” and “do not contain sensitive military technology”.
“MINDEF ensures that all contractors who access our facilities possess the necessary security clearance. There are also measures to safeguard any information provided to vendors necessary for their performance of service,” the statement said.
When it comes to contracts involving sensitive goods and services, the ministry also has a “stringent system of controls” to safeguard its operational and security interests. As part of this system, MINDEF is empowered to review these contracts whenever contracted firms undergo changes of ownership.
“If there are any potential issues (or security concerns) arising from the change in ownership, MINDEF/SAF will address them through steps such as instituting more stringent contractual clauses,” said the ministry’s statement.
Click here to view the whole thread at www.sammyboy.com (https://singsupplies.com/showthread.php?246262-How-fucking-stupid-can-the-PAP-and-MINDEAF-be&goto=newpost).