GMT20260429-095639_Recording_1920x1040
May 07, 2026 01:44
· 2:10:00
· English
· Whisper Turbo
· 8 speakers
এই ট্ৰান্সক্ৰিপ্টৰ মেয়াদ শেষ হয় 25 দিন
স্থায়ী সংৰক্ষণৰ বাবে উন্নীত কৰক →
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8:09
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Norris. Eh, you better untick the ARC one eh.
8:16
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's ARC.
8:18
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Ah, on 6th of May.
8:21
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
8:23
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Can ah?
8:24
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Otherwise you'll have this problem.
8:26
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thank you. I made you host, ah?
8:30
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I made you host, ah?
8:33
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Me or James or two friends?
8:36
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
James never come in.
8:38
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Where are you?
8:41
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Are you host? I'm the host.
8:43
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, then I blow.
8:45
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, bye. I can't see you lah.
8:49
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Bye. Bye.
10:03
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I want to make
10:17
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
my background. I want to make my background.
10:19
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I want to make my background.
10:22
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I want to make my background. I want to make my background.
10:24
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I want to make my background. I want to make my background.
10:26
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I want to make my background.
10:50
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Then, your PDF, your message from...
10:53
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
You can open it.
10:54
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I think you need to do something.
11:00
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I'm going to open it.
11:03
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
You
11:13
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
can see it. It's stopped.
11:16
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's just to remove the protection.
11:21
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Remove
11:32
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
protection. Yeah, it's not all.
11:35
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
You can see it.
11:39
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I want to open it. You should open it.
11:42
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I don't need to open it.
11:45
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I don't need to open it.
11:47
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I don't need to open it.
11:48
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I don't need to open it.
11:50
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I don't need to open it. I don't need to open it.
11:52
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If you want to open it, you might need to open it.
11:56
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I don't need
12:09
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
to open it. I don't need to open it.
12:11
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Then, you are a co -host.
12:15
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So now you will share.
12:26
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Eh? It's
12:41
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
not like this. Oh, it's not like this.
12:43
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, it's like this. So now you're going to open the window.
12:46
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, that's fine.
12:48
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
They're not going to go down there.
12:50
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If you're like this, then you go to another place.
12:54
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
They will stop at this page.
12:56
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I mean, you're going to go down there, it's going to see it.
12:59
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
You're going to see it outside.
13:01
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Once you're going down there, it's just going to see it.
13:03
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
The last one.
13:05
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, it's going to move.
13:15
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Hello Hello Hello Hello Hello Hello Hello Hello Hello
14:08
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I'm going to go for a little bit.
14:10
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I'm going to go for you first.
14:12
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If you don't have a person, you can go for it.
14:14
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Because it's not the first one.
14:16
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's the third one.
14:19
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's the third one. It's the third one.
14:20
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. Can you go for it?
14:23
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yes, I just said it.
14:25
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thank you.
15:15
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Wait, can you come over here? Wait, wait, wait, wait.
21:09
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Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Thank you.
22:14
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Jenny, do you hear me?
22:17
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Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Do you hear me?
22:20
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Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Do you hear me? Do you hear me?
22:22
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Do you hear me? Do you hear me?
22:25
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Do you hear me?
22:26
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Do you hear me?
22:28
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Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Do you hear me? Do you hear me?
22:31
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Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Do you hear me? Do you hear me? Do you hear me?
22:32
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Do you hear me? Do you hear me? Do you hear me?
22:34
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I can hear you. Just a little slow.
22:35
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
It's slow. It's slow.
22:37
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
It's slow. It's slow.
22:39
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
It's slow. It's slow.
22:40
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's slow. It's slow. It's slow.
22:41
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's slow. It's slow.
22:43
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Why are you good? Why are you good?
25:17
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Is this better?
25:18
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay,
25:31
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
is this better? Yeah.
25:37
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, you can go.
25:41
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. Yeah, you want to listen also can, you want to go also can.
25:46
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Can you hear me? Can you hear me?
25:48
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Oh, so I'll number which one.
25:51
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah.
25:52
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
25:58
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
No, I didn't see.
26:02
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, it's okay. Yeah.
26:03
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's okay.
26:08
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's
26:21
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
okay.
26:28
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
He say he okay to say 50 -50.
26:30
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
He say first one, then we say.
26:32
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But then we want 1 ,000 mao, right?
26:34
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
1 ,000 is a 50 -50.
26:37
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay.
26:40
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So you must make sure you do that with him.
26:42
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay.
28:14
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Want to admit, Simon?
30:05
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
hello hello
33:17
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
hello hello simon okay
33:25
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
okay
35:05
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Strictly speaking, we are 6 .31 already, right?
35:07
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yeah.
35:12
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So we wait for a few more minutes.
35:14
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So now only Simon and myself, right?
35:17
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Simon,
35:39
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
you're also dialing in from the office or home.
35:42
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Oh, no.
35:43
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Dialing from home.
35:45
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. So at least he managed to get back early.
35:48
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yes, yes. Hopefully you've had a bite already.
35:51
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Not yet. I'm giving you full confidence that you will be able to manage the time well.
35:57
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
35:59
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We will keep it short and short.
36:01
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
That's nice.
36:02
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thank you. But first, we need the rest to come.
36:07
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Dr.
36:11
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Sunil is here. And
36:19
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
he is clearly still in his scrubs.
36:21
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So he is...
36:24
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Hi, hi, everyone.
36:25
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Jenny's
36:47
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
really speaking. What is the quorum?
36:48
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Three, is it?
36:53
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think that is enough.
36:54
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Only three right?
37:02
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah. Wait for one more.
37:06
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah. We wait for a few more minutes.
37:08
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I thought Amba needs to go off early so he
37:16
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
would want to start his agenda item first, right?
37:19
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yes, correct.
37:20
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Change the line.
37:27
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So if we're not doing it, can you say that she'll be a bit late?
37:34
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Oh yeah, I think I saw the email.
37:36
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So now only Dr.
37:39
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Amba, cut down so then we can start.
37:41
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, and Mr.
37:43
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Tan Su Ho. Okay.
40:10
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, I think we'll start in a couple of minutes if the ambassador still doesn't join in.
40:14
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We'll start with the rest of the other topics first.
40:16
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Given that I'm rushing against the dinner time, I would like to start relatively soon.
40:23
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Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Okay,
41:44
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
given that it's 6 .38 now, I suggest we go ahead and kickstart Simon, Sunil, if you're okay.
41:53
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, so I believe, Gary, we have quorum, right?
41:57
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think it's three for the meeting to comment, if I'm not wrong.
42:02
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And I'm quite sure the rest will join in.
42:06
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So we start with, first, I would like to acknowledge my appreciation to the Finance
42:14
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Committee. In the period that I was away on leave of absence,
42:21
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I'd like to acknowledge my gratitude for the committee that has progressed and continued with the good work.
42:26
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I also want to acknowledge Philip Ling, who has been quite gracious and helpful VP to step in and cover me for the
42:34
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
period that I was away. So Secretary, please record my appreciation to the committee, but in particular
42:42
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
to VP Philip Ling for stepping in during this period.
42:46
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So thank you very much.
42:52
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
No further ado, let's kick off with the agenda for today.
42:57
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We have quite a number of items to run through.
43:00
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So let's quickly try to do it and keep it to within the 90 minutes maximum.
43:04
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
First item, confirmation of minutes.
43:07
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Have we had our comments in already?
43:10
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I trust everybody has a chance to look at it.
43:17
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I cannot comment because I wasn't at the meeting, but I've taken a look at the minutes already.
43:21
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So if there's no comments, can we take it?
43:23
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
It's been confirmed.
43:24
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Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay.
43:29
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
yes chairman okay let's see how you're in welcome yeah sorry
43:37
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
no no problem yeah we we started ready okay good so let's move on to item number two matters arising uh
43:45
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
who is going to take us through the items okay uh can you hear me yeah yeah
44:03
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, I think Chairman allowed me to first do the AML.
44:07
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Amba, are you in?
44:08
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
He's not in, right?
44:11
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
That's why I didn't do the AML.
44:12
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, okay, sorry.
44:13
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I lost my audio there just for a while.
44:16
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, I think you want to do the AML.
44:19
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, I kind of...
44:21
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Jenny circulated the AML document.
44:23
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But you want to wait for Amba to come in first before we start the AML?
44:27
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So we can do the AML once you come in, no problem.
44:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay. Yeah, so you can do the Metals Arising first.
44:33
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And when Amba comes in, then we start the AML because he's the one that is driving this, right?
44:39
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, correct. So it's in communication.
44:42
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah. So let's do the Metals Arising.
44:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So when he comes in, then we switch over to the AML.
44:47
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
No problem. Okay. Okay.
44:53
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
What is the next Metals Arising?
44:55
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Do we want to do a sculpt shot first?
45:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
uh can we do the scout shop first so that uh i think yeah pulling up uh ahead of the agenda so that uh the scout shop uh supervisor
45:08
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
can leave after uh after presenting okay yeah the presenting
45:16
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
okay yeah hello yeah so uh here is
45:24
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
the scout shop year ends uh cost summary okay so we are at
45:32
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So total of the positive waivers, right, we're at 4 ,000 plus.
45:35
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So for the negative part, we are at 3 ,200 plus.
45:40
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So for the net waivers, right, we are at 757 .33, 893.
45:48
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So when I zoom in to see what is the most, the department is the uniform.
45:55
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So for the uniform, right, we have 3 ,451 plus.
46:02
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So, James can make the speech.
46:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Maybe I can make the next speech to share more.
46:10
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So for the belt, right?
46:11
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I realized that we have a lot of damaged items that is not moved to the damaged location.
46:18
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's still in our poor system.
46:19
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So this might be when I stock count, right?
46:23
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I will be stock count together with the damaged item together with the physical item together.
46:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So...
46:29
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I recommend that we can open a new location that move this item to the damaged items.
46:36
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So when we see the stock, we can see the difference.
46:39
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
And those shirts also.
46:41
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Then the second thing that zoom in is the certificate.
46:45
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Since 2024, when they counted, it's already zero.
46:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
In 2025, we counted also it's zero.
46:51
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So this one, maybe we can remove the item from our system also.
46:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Then the other one is the sleeping bag.
47:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So we found out that the sleeping bag in our campsite got damaged.
47:03
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So we have already removed it.
47:09
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But the thought systems do not mind us yet.
47:11
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So any questions for this?
47:18
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Now I will go to the next part to see.
47:21
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think the certificate and the sleeping bag.
47:26
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think the certificate and the sleeping bag.
47:32
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
That one I think is fairly straightforward.
47:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think it's quite obvious.
47:35
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So that one I think I'm quite okay to remove.
47:38
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But can you clarify a little bit around the uniform?
47:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
What actually happened there?
47:43
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So do we still have a whole list of damaged items in the POS?
47:48
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yes.
47:54
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So this POS system quantity when you see is 217.
47:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But inside actually mixed with...
48:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Those items that are damaged and those items are good to sell also.
48:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So they never separate in two locations.
48:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
They should separate in two locations because some of the belt in the store is already peeled already.
48:13
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So these items we cannot sell to customers anymore.
48:17
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So I think he should move to a damaged location so we can see the difference.
48:22
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Because previously they don't have a location called like damaged or defect location.
48:31
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So I recommend that we can open a location called maybe defect or damage location so we can move those items that
48:39
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
damage to the location.
48:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So the damage items are disposed or returned back to the supplier.
48:48
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So the item is supposed to return back to the supplier?
48:51
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, it means when the supplier, sometimes we receive the stock after we check in, right?
48:56
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So the supplier actually give us the items that we place, but we never return back the stock to the supplier.
49:03
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So when the time 2025, when I count, everything I count is set together.
49:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So come out, the item is 362.
49:12
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, so I suggest we do a one -time cleanup.
49:15
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Just clarify exactly what.
49:24
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
what are the items that should be disposed okay then i think there's a proper process to just dispose all items clean it up for once then
49:33
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
gary i suggest you have a look at the process to make sure that if there's a items that is damaged or whatever there's
49:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
a proper way to account for it otherwise it just accumulates over time because
49:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
otherwise it just accumulates
49:53
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
a lot of time okay i think you are getting a lot of echo right yeah i have no idea why so wait okay
50:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Let me check, see what's happening.
50:01
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
I suspect you are sitting in the same office and we are probably quite close to each other.
50:05
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
That's why we hear the echo.
50:07
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
See what's happening. I suspect you are sitting in the same office and we are probably quite close to each other.
50:12
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
That's why we hear the echo.
50:13
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Actually, we are all separated quite far away.
50:17
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, Ken, we'll resolve it.
50:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, I think Colin is next to James and me.
50:26
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, I think Ken, we'll resolve it.
50:28
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
And whoever is not speaking, just put on mute.
50:31
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Easier, yeah.
50:33
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, I think, yeah. And whoever is not speaking, just put it on the door easier, yeah.
50:38
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, just give us one minute to sort it out.
50:42
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Okay, seems like sorted.
50:49
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Thanks.
50:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, yeah, sorry, sorry about that.
50:53
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, yeah.
50:54
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think Chairman's idea is actually, once and for all, we need to sort it out, and the damage goes to the damage pool, whereas those
51:02
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
that are still good to be sold should be currently under the stock list.
51:08
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So there are two steps.
51:09
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
One is to just clean up the infantry.
51:12
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So whatever that cannot be sold, just remove and write it off.
51:16
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Ideally, it shouldn't have any significant impact because the stock count that we have seems to be much lower than what is actual.
51:24
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So that's the first part.
51:26
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But the second part more important is going forward, there must be a process so that if the damaged item, there's a process.
51:31
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
proper way to treat it so that you don't have this issue going forward.
51:34
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Otherwise, every year you have this problem.
51:35
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So if it's damaged, there must be a process to claim it back from the supplier.
51:39
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
If the supplier's issue, if you cannot claim it back, then there must be a proper process to just write it off so that it gets cleared on a
51:47
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
timely basis. Okay.
51:49
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
So Amba, you just wait a second.
51:55
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Let us finish this, then we will jump into the AML.
51:57
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Yeah, sure.
52:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thank you.
52:04
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Okay, so for the control area, like what
52:17
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
I say, I feel that we can open a location because sometimes when the stock, right, one year, we only come two times.
52:23
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
But when we sell half, we will QC the item that we will check.
52:28
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
But sometimes because it's the large.
52:31
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
the stock where a lot come then we only have two staff so we cannot like check everything on the spot so i wish i suggest to open a location
52:39
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
called defect so when we see if any defect we can move to there first we can park somewhere first so don't need to make together with
52:47
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
our current stock so when during stock day i know this of the item is is on defect it's not it's a not good condition
52:55
S…
Speaker 8 (GMT20260429-095639_Recording_1920x1040)
for selling
52:57
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So secondly, also we continue our monthly cycle count to count those items that's high value and fast moving items to
53:05
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
ensure that our discrepancy for the year -end cycle count, for our year -end count.
53:11
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So not so much discrepancy.
53:13
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So now I'm thinking of one year if we do two times of orders, right?
53:19
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
When the orders come, right, the stock is too many.
53:22
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
It's very hard to see.
53:24
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
the uniform, the quality, is it good?
53:28
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Everything is good. Because we realize that if the stock can come like every two months or every month, like 200 pieces or
53:36
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
100 pieces, it's easy for the staff to count also.
53:38
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
To manage the things also.
53:41
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So we can order like a small quantity than a large quantity amount to
53:49
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
improve our stock control.
53:50
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah.
53:52
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Because only two staff is a bit hard to count those like
53:56
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
One size thousand plus thousand five is a bit hard for us to count also.
54:00
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
And our storeroom also don't have so much space to put so many things also.
54:05
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Any more slides?
54:11
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Any more slides?
54:18
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
No more already.
54:19
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
I think for item one, I leave the lead to management for Gary Yor to come out with a proper process.
54:26
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I think for item one, hang on.
54:28
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
I think I'm the one that has all the echo.
54:30
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Let me lock out and try to call in again.
54:34
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Hang on, just let me get out and then try to call in again
55:19
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
James, can you hear me?
55:20
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yeah.
55:23
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
James, can you hear me?
55:31
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Yes.
55:32
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Yes. Is it better?
55:35
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yes.
55:39
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
No more echo. I think it's better.
55:42
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Sorry, man. Y 'all didn't have enough of me.
55:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Might hear me twice. Okay.
55:47
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So I think for item one and two, I leave it to the management to propose to look at the details.
55:55
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Any comments from the committee on item three, four, and five?
56:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
My only issue around that is just make sure that the cost doesn't affect.
56:03
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So just be careful that it doesn't affect the cost and the process for the supplier.
56:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Any comments from any other members?
56:16
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Chairman, I agree that it makes sense from Pauline's recommendation to source for the items in
56:24
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
smaller quantities for easier so -called QC and count.
56:29
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
But I also do agree, need to confirm that the logistics cost perspective hasn't changed.
56:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, because minimum bulk order and whatever it is, just make sure that it's okay.
56:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, if no other comments, I think Pauline, you all can go ahead.
56:49
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Just make sure that you confirm back that the process are finalized and then doesn't affect the costing or at
56:59
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
least no material impact to the costing.
57:01
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Okay, any more comments?
57:08
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, thank you.
57:10
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Any other things to follow up?
57:12
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
That's it for the Scott Shop?
57:17
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Okay.
57:19
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, thank you.
57:27
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Bye -bye. Thank you.
57:36
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
thank you thank you okay thanks pauline okay
57:44
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
gary you want to move to the aml yeah ken ken uh okay um i think uh anba do you want to take us through the aml or
57:52
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
you want me to do it yeah i think you can go away to gary you can start off and then i'll jump in
57:59
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, Ken. Okay, I think with the help of Anbar, I think Dr.
58:03
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Anbar, we had, I think it was a good document that we could actually base it off from.
58:09
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, so there are certain things that we added.
58:12
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Anbar guided the process in terms of what should be done by the ED, what should be done by the finance control
58:20
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
officer and so on.
58:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So, okay, it was all stated in the document.
58:26
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
okay just want to highlight a few things for the document right um always okay if anything does happen uh the treasurer as
58:34
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
well as the president uh uh first of all will be informed of the situation and to be discussed okay if it's seen as a
58:42
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
situation that uh it needs to the audit committee needs to be alerted then you'll be done so then the audit committee will uh will
58:50
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
take it on from there to have their discussion okay
58:54
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If there is reporting to be done to the police and so on, it will be done in discussion with the president and the treasurer.
59:01
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Then after that, the committee will give the go ahead for the staff to make a report to the police.
59:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. All right.
59:09
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So basically we have three levels of three amounts that we look into.
59:14
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. First, local.
59:16
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Local is broken up into two parts.
59:19
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Local for January for the HQ and donations to the group fund.
59:24
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. And the third one is actually from overseas.
59:27
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay.
59:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Our current FAP allows for overseas funds that do not need any scrutiny up to $50 ,000.
59:37
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, that's the current FAP.
59:38
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We are recommending with this document, recommending for it to be lowered to 10 ,000 Singapore dollars for any overseas funds
59:46
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
coming in. Okay, reason being that we don't get any overseas funds for more than 10 ,000, okay,
59:54
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
most of the time. That doesn't mean that we will not get in the future, but I think certainly...
1:00:00
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Some things are it could help us to trigger those that needs to be scrutinized.
1:00:04
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
The only thing that we would foresee that the overseas funds may be from WOSM, from our headquarters in KL.
1:00:12
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So that is one possibility to fund some of the projects that may be going on.
1:00:17
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
That's for overseas.
1:00:20
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Then for the local ones, the two components are actually the donation to HQ and
1:00:28
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
donation to group fund. Why we kind of are suggesting that we do it separately is because sometimes group funds, yes,
1:00:36
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
it's within our SSA funds and management, but a lot of the group funds' jurisdiction is...
1:00:44
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
even as long as they can't spend within for scouting activities, it is always seen as acceptable.
1:00:51
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
We do allow it to happen.
1:00:54
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So these are funds that actually units can use up to their own prerogative as long as it's for the
1:01:02
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
benefit of scouting. And sometimes we do get donations coming in and I think...
1:01:08
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
For us, when they donate into the group fund, I think because we don't have a total control over it, we think
1:01:16
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
that it's better to have a lower amount, which is $3 ,000.
1:01:19
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, and for the donations to HQ itself, we do often get donations.
1:01:26
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, not very often, but we do get donations of above $10 ,000.
1:01:30
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But I think above $10 ,000 is a good trigger for us to find out who this person is donating to it.
1:01:37
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Most of the time, it's usually either President's friends or his acquaintance.
1:01:43
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, maybe I just take any comments at this point in time.
1:01:49
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
A couple of quick questions for me first.
1:01:51
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Your local funds, that means it's a local donor from local bank account, right?
1:01:56
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yes, correct.
1:01:57
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
And you're proposing to drop it to $10 ,000, is it?
1:02:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
No, okay.
1:02:01
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Local one, actually currently there's no limit.
1:02:04
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Oh, so local there's no limit and you're proposing at $10 ,000.
1:02:09
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Yes, correct.
1:02:11
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
And that's because we also don't have a lot that is more than 10 ,000.
1:02:14
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Yes, correct.
1:02:16
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Can you just clarify for me?
1:02:20
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
The AML, if it's a local donor from a local bank, is it still subject to AML
1:02:28
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
checks? Because my understanding is if it's a local bank account and a local
1:02:36
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
payee, it's actually not subject to AML checks.
1:02:40
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Because the banks have cleared it already.
1:02:42
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So you assume that whatever's in the local bank is already cleared.
1:02:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:02:47
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
According to the charities unit, right?
1:02:52
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Organizations or charities are expected to clear it one more time because then they know who the donor is
1:03:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
from. Okay.
1:03:02
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, I know.
1:03:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:03:06
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So who the donor is from, they would always want us to know where is the money coming from.
1:03:13
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Whether is it related to our organization or is it known to the organization or not.
1:03:22
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So that is a little bit different from the actual strict requirements for us to do a duty on the donor.
1:03:28
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So if you put 10 ,000 and all you need to do is just ask and make sure you have a full name, then I think that's okay.
1:03:33
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
But if it's 10 ,000 and we need to do the whole checks, then I think you need to be a bit more careful because
1:03:41
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
then the requirement that's imposed on us is quite strict.
1:03:44
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So if there is no need to check, then just taking the name and understanding who is it, I think that's fine.
1:03:49
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
That's straightforward. But just because someone give us 10 ,000 and it's from a local bank, a local donor, but we have to do a world check, we got to go through
1:03:57
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
the whole process, then I think you need to be a bit more careful.
1:04:00
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So just clarify which is which.
1:04:01
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
If you're just taking name, then I think it's fine.
1:04:03
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah. Okay.
1:04:05
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
I think it's not only taking names.
1:04:06
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Usually we do take in terms of IC number and address.
1:04:10
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
If the person wants a TDR, of course, IC number, all, everything, all needs to be noted down.
1:04:15
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah. Okay. Yeah.
1:04:17
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But anything above 10 ,000, sometimes we are just, I think, being cautious.
1:04:23
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay. We do find out, we do try to do our due diligence for anything above the 10 ,000.
1:04:31
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We will check.
1:04:32
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Who is it from? Okay, first thing, of course, we verify that it's from local bank.
1:04:36
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Who is it from?
1:04:37
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
How is it related to us?
1:04:39
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Is it by accident?
1:04:40
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Especially if the person don't contact us first off.
1:04:44
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So we do that due diligence part.
1:04:46
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Ambar, anything else you want to join me?
1:04:54
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Sorry Gary, I got locked out again.
1:05:00
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Is there anything important?
1:05:01
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Yeah, okay.
1:05:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Chairman was asking about the due diligence part.
1:05:06
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
What do we need to do for amounts above 10 ,000 from a local bank?
1:05:10
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
His thoughts were that actually it was, since it's from a local bank, it should have been cleared in terms of AML and counter -terrorism
1:05:19
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
kind of thing.
1:05:20
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So again, the recommendation for COC is that depending on the organization, right, if you feel that a particular amount that's coming in is out of the ordinary,
1:05:28
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
then it's a good practice to actually do a due diligence as well, regardless of whether it's from a local bank, whether it's been cleared or whatever.
1:05:34
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So we are putting that in just as a stopgap measure.
1:05:37
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
We understand that there may not be too many coming in, but if something new comes in, I think it's a good practice for us to actually look to see where this funding is coming from and who this
1:05:45
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
person is. So we're putting it as a recommendation, but open for discussion.
1:05:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So my thoughts are this.
1:05:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
The recommendation is fine.
1:05:54
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We can do the due diligence if it's a mile above whatever mile.
1:05:58
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
What I was trying to get to is what is actually the regulatory requirement for us in terms of
1:06:07
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
the checks we need to do.
1:06:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So if it's, for example, if it's a foreign donor, then we have to do a lot of work to go and
1:06:17
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
verify. And we cannot.
1:06:19
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So get around that.
1:06:21
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But if it's a local bank, and the requirement that we do not need to do, under the regulation, we do not need to do the check.
1:06:28
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Then at least we are clear.
1:06:30
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We don't need to do the check.
1:06:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Everything that we do is to satisfy its best practice.
1:06:35
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Then I think that's a lot easier for us to, at least we can be comforted to
1:06:43
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
know that everything we are doing is over and beyond what is required.
1:06:47
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Because if the regulation is not clear on that, it says that even the local banks, which we need to do, then we need to be quite prescriptive around what we need to do.
1:06:54
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Right.
1:06:55
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So based on the current AML that's recommended, there is, again, like what Chairman said, there is no requirement
1:07:03
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
to do any sort of due diligence checks with the local bank here at this point.
1:07:08
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
But I think what we're putting here for that clause is to go beyond, over and beyond, in terms of good governance practice.
1:07:14
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yeah. Yeah. Okay.
1:07:16
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, that was fair to clarify.
1:07:18
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So that's fine. Anyone else
1:07:26
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
got any other comments? Chairman, if I may say, I do appreciate the importance of
1:07:35
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
AML and having a policy in place.
1:07:38
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
But I would caution, I think you would probably have observed this as well, that we should not place unnecessary administrative burden
1:07:46
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
on the management on a day -to -day basis.
1:07:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So this one Gary, you all need to confirm the 3000 and 10,000 doesn't overwhelm you guys.
1:07:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, okay. At this point in time, it doesn't.
1:08:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Unless our Singapore dollar becomes so small, then all the donations will be higher than that.
1:08:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But at this point in time, it is a comfortable level that we do.
1:08:09
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We are estimating maybe, I don't think it will be extensive checks because we don't usually get, over the past three to five years, we
1:08:17
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
don't usually get anything above those amounts for the group fund as well as donations to the organization.
1:08:25
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Then we need to work harder to find bigger donors.
1:08:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah. And usually the bigger donors are already known to us so far than our experiences.
1:08:35
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:08:42
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, good.
1:08:44
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If we do, if we, okay, can we take it that the finance committee has agreed to this and we will adopt this
1:08:52
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
policy and moving forward, we will take this as our AML and counter -terrorism funding policy.
1:09:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I got one other comment.
1:09:02
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Somewhere in, I'm trying to figure out where I read it.
1:09:07
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
It says that the FCO is the primary person responsible for the...
1:09:12
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
uh comp for the uh compliance is it i was trying to read where they are fine okay uh the ar person
1:09:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
is usually the fc uh fco is usually the ar person okay they will do the flagging hang
1:09:29
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
on i just got to be careful where your wording is okay uh i think it's five
1:09:39
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So your 4 .2 says they are the exact principal contact for AML related matters.
1:09:44
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So that is fine.
1:09:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
There's a second para at the bottom that says that they are the main person.
1:09:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I'm trying to figure out where I read it.
1:09:51
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
I think it's 5.
1:09:54
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
something.
1:10:03
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
let's go down a bit oh yeah
1:10:12
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
i was i was also reading on my phone so i couldn't yeah let me try it i
1:10:46
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
think it's on 5 .5 on the screen right now is
1:11:11
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
that the one the fco usually it's not it's not it's not yeah nevermind
1:11:33
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
don't waste time okay nevermind i can't see the final comeback finally i'll come back again okay okay yeah okay
1:11:41
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
let's move on okay okay
1:11:50
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. If the committee is okay, we will adopt this AML policy and we will propose at
1:11:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
a later time to include the 10 ,000 included and all these limits to be included in the FAP.
1:12:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Committee, any other comments?
1:12:13
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
No, I'm good.
1:12:18
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. Okay.
1:12:20
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thanks. Okay, thanks.
1:12:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We'll move on. Jenny, you want to cover the rest?
1:12:35
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I'll cover item 4, which is the review of FY25, the audited financial statement.
1:12:43
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I'll share my screen.
1:12:45
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
This
1:12:56
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
is a draft. We have also prepared a summary level, which is this.
1:13:02
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
They're consiling the pre -audit numbers to the final numbers that is stated
1:13:10
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
in the draft financial statement.
1:13:12
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So pre -audit, we have a net deficit of $101709 total
1:13:21
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
funds net deficit.
1:13:22
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And there are a couple of proposed audit adjustments which is listed here, item 1 to 4.
1:13:31
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
The main one is actually the right back of the senior year's grants that we received, but we did not utilize it.
1:13:38
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So this is dated back all, I think, seven, eight years ago, which we have no clue what are
1:13:46
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
those. What you can find is just dated as website grants, UG grants, 21cc tools,
1:13:55
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
so amounted to about $56 ,000.
1:14:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And then the next adjustment, which is the bigger one, is we accrued the SG Jambini grant.
1:14:06
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Money already received in March of $93 ,000.
1:14:11
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And three and four are the smaller adjustments that we dispose of or discolored ribbon.
1:14:22
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So this whole total adjustment amounted to $148 ,000 which actually bring
1:14:30
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
us to a small surplus of $46 ,270 after
1:14:39
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
the other adjustment.
1:14:40
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
However, compared to the forecast of
1:14:48
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
2015, we actually forecasted
1:14:53
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
which we will cover later in the next item.
1:15:02
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Can I move on?
1:15:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Back to the financial report.
1:15:07
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If there are any questions from the committee.
1:15:12
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Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Jenny, the grants that we received in the previous year but not utilized, there's no obligation
1:15:22
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
to refund this money?
1:15:23
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Nobody has come back to us on the refund.
1:15:30
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Mr Tan, about four or eight years already.
1:15:35
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So it's still in our balance sheet for that number of years.
1:15:39
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
And the articles ask whether we need to refund.
1:15:44
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If not, we write it back to the books.
1:15:46
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Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah. But there's no indication that as anyone is calling us to,
1:15:54
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
or MOE is calling us to refund the money.
1:15:57
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
So we still have a lot of these things sitting on our balance sheet.
1:16:03
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
No more, this one.
1:16:04
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Only this one.
1:16:06
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
This is final clearance sale.
1:16:08
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Final clearance sale.
1:16:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We also wish we have a lot more.
1:16:10
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We tried to get a lot more already.
1:16:14
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So
1:16:32
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
this one already
1:16:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
factored in the leg adjustments already, right?
1:16:43
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yes, already included.
1:16:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So it shows a slight profit.
1:16:50
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, a slight.
1:16:52
S…
Speaker 8 (GMT20260429-095639_Recording_1920x1040)
Surplus.
1:16:53
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, surplus.
1:17:17
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Chairman, I just want to make an observation on the cash position, right?
1:17:23
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
I noted that we have about 7 .6 million total cash.
1:17:29
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Of that, I think about 5 .3 million is held in FT.
1:17:34
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
And then another 2 .3 million is held in the bank balance.
1:17:39
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
And I think somewhere in the notes, it was mentioned that the FD rate that we are receiving is between 0 .3 % to
1:17:47
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
2 .2%.
1:17:48
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
I'm just wondering, is it closer to the low end of this or we are closer to the high end of the range?
1:17:55
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
0 .2 should be the current account or the whatever account that is not FD, right?
1:18:02
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
The FD rate is still very low.
1:18:06
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Now, now could be.
1:18:13
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Do we have the breakdown that we can answer?
1:18:15
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I will presume the older ones will have slightly higher rates and the one
1:18:23
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
that has recently renewed will have been much lower.
1:18:25
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, the older ones will have about 3 % or 2 .8%.
1:18:32
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But now it is down to 0 .0%.
1:18:36
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Sorry, Jenny.
1:18:38
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Currently, we are receiving less than 0 .0%.
1:18:43
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
The new one will be 0 point something.
1:18:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
The older ones will be closer to 3.
1:18:47
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
But I mean, at the start of the year, I guess there was a lot of talk about,
1:18:55
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
you know, the Fed potentially lowering the rates, right?
1:18:58
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Maybe once or twice this year.
1:19:00
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
But because of all the macroeconomic developments around us at the moment, interestingly, the banks have held the rates.
1:19:07
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
So I've observed that actually the FD rates have held up quite well.
1:19:11
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
So something to bear in mind, if we're going to have any renewals coming up in the next quite three months, maybe we can squeeze the
1:19:19
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
banks a little bit for better rates.
1:19:22
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Okay,
1:19:35
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
so do that for the next renewal.
1:19:37
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Let's try to get a bit more.
1:19:38
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:19:41
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Any other comments from the
1:19:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
rest?
1:19:51
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
If not, then this will be the set of accounts that we will sign off in time for the AGN.
1:20:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, no further comments. Thank you. Let's move on.
1:20:30
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
investment income, grant income, and fees from participants.
1:20:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, donations, there is an increase of about $41
1:20:42
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
,000. Yeah, from the donation from a council member and also the lawyer
1:20:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
and CSMP legal.
1:20:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
When they charge us, they also donate back to us at the same time.
1:21:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So the next one is the fundraising activities.
1:21:04
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We have Jobbid and Diamond Jubilee.
1:21:06
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So in 2025, the total fundraising is 590k
1:21:14
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
versus 2024 of 557k.
1:21:18
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So there is a drop of 38k compared to the two years.
1:21:26
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
The reason being is that in Danim Javi, which is BJC, some more units were not
1:21:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
participating. So the data shows that 45 units pull out compared to 24 or 25 units.
1:21:42
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So this actually saw a deep in fundraising activities compared to two years.
1:21:51
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So the next item is the investment income which is the fixed rate that we mentioned earlier.
1:21:57
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So there is a drop of 7 ,000 because of lower rates in 2005.
1:22:04
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
As for grants, grants have an increase of 62 ,000.
1:22:12
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, I will share in the next one.
1:22:16
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I just finished off the fees from participants.
1:22:19
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
There is an increase compared to only 24 of 297 ,000.
1:22:25
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
The increase is finally due to the jambing event that was held in the last year.
1:22:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I'll move on to the grant income.
1:22:36
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So this is the breakdown of the total grant that is received.
1:22:43
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
in 2025 compared to 2024 so the main one actually is you
1:22:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
know we mentioned earlier about the fundraising grant actually has a block of 99 000 which is this
1:23:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
two figure yeah because we actually have maximized the government matching grant for FY 2024 for
1:23:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
these two events that's why we are not getting the matching grant for JobMix
1:23:17
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But we will be using the FY25 matching grant for the coming fund
1:23:25
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
savings. And then we also have this Jamboree
1:23:33
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
grant and also this NCSS donor management grant.
1:23:39
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
This is for the donor management system to issue tax deductibility.
1:23:44
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So we embarked on this new system and we got a grant of criminal banking.
1:23:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, so these are the main gist of the grant income.
1:23:57
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So I'll move on to the next
1:24:05
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
slide, which is actually the main key outgoing resources coming from international and
1:24:13
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
program advances.
1:24:15
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And there is a drop contract.
1:24:18
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
No, no, sorry, there's an increased contract in last year.
1:24:21
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So again, finally, it's because of the gambling event.
1:24:25
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah.
1:24:27
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And the next item is the employee benefit status.
1:24:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
There's an increase of 109 ,000 because of some promotions.
1:24:39
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Then the next item is this other resources have ended.
1:24:46
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
There is a drop of 50 ,000.
1:24:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
compared with 224 primarily coming from the depreciation of 56 ,000 because most
1:24:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
some of the items
1:25:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
and financial and supplies are really depreciated.
1:25:03
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Utilities drop by 73 and the GST is allowed into tech.
1:25:11
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So look, we took back to the respective departments, which is SLDC and so on.
1:25:17
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So in 2025, there is a drop that's shown in the notes, 35 ,000.
1:25:28
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
and then we have the interest of funds and need liabilities, 11 ,000 and then BFMT of 16
1:25:36
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
,000. Upside this, we increase in the registration system.
1:25:42
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We embark on the new registration system.
1:25:44
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
There are some substitutions used and also we embark on the donor management system.
1:25:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So in total, 40 ,000.
1:25:57
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
so that account for the drop -in you need to advise other resources.
1:26:02
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So the next item
1:26:11
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
that I would like to share is the scout shop.
1:26:14
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Total income actually went up by $15 ,000 compared to
1:26:22
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
$24 ,000.
1:26:23
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
This is from the increase of the World War revenue of $13 ,000.
1:26:32
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And then the interest income, which is the SDDC side.
1:26:35
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Then we move on to the employee benefits and
1:26:43
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
power cost income.
1:26:45
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Sorry, Jenny.
1:26:46
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's interesting that the Rockwall come under ScoutShop.
1:26:55
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I thought, actually, who is managing the Rockwall?
1:26:59
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Is it SLDC or is it ScoutShop?
1:27:05
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
The Rockwall actually is managed by HQ most of the time.
1:27:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I mean, sometimes SLDC chip in to help with any program on
1:27:17
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
what we are.
1:27:21
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yeah, correct. So actually, because of the booking of Rockwall that we wanted to do by
1:27:29
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
drop -in people climbing the wall, that we will sell tickets.
1:27:33
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But that proved to be negative because people are not keen in climbing the outdoor wall.
1:27:40
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So in the end, the first initial part of putting Rockwall under Scout Shop just carried on.
1:27:47
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So we manage it under a scout shop rather than having HQ Rockwall on its own.
1:27:52
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So it's managed internally by HQ staff.
1:27:56
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:27:59
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So to date, do we have any revenue from Rockwall?
1:28:02
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yes, we have.
1:28:04
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
We have started since last year.
1:28:06
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
How much revenue are we talking about?
1:28:11
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
13 ,000 per time.
1:28:12
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Do we see a regular stream of?
1:28:22
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
people coming to use it or it's very sporadic uh okay sporadic uh yes
1:28:31
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
and also regular in the sense that uh school groups are actually booking with us
1:28:36
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So this is actually to achieve their climber's badge and then we run courses for them so that we get them certified
1:28:44
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
for their climber's badge as well as other courses that we run is like level 1 climbing course and level 2
1:28:52
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
climbing course. So we do conduct courses for adults as well as for youth.
1:29:01
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So, okay. So I think just to give approximate, okay, the first three months, I think we had two school bookings.
1:29:10
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, whereas second quarter, what we are looking at is about, I think, three to five school bookings coming in.
1:29:17
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So currently, our rock wall supervisor is doubleheading, looking after facilities and rock wall at the same time.
1:29:25
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So if need to, when we operate such programs, we do get outside freelancers to come in to support the program.
1:29:32
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So the person from SSA handling
1:29:40
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
this is the person...
1:29:42
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
properly certified, oversee the course or conduct the course.
1:29:48
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
The person who has, we have just lost that person to MOE.
1:29:54
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
MOE offered him a job, higher pay, 50 % more, he went over.
1:29:58
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So he has lost.
1:30:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
that person, okay, currently.
1:30:01
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So now if we need to run the course, we can still run it.
1:30:06
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Our staff is capable of running the scout course.
1:30:11
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But in terms of level one and level two climbing, he is not qualified to certify.
1:30:16
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We will get an outside certifier to come in to certify that course.
1:30:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
which may include, which may actually mean a bit more cost, but I think we have no choice at this
1:30:29
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
point in time until our facilities person gets certified as well.
1:30:33
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, thanks.
1:30:36
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, you're welcome.
1:30:38
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
That's why you're saying the revenue is $13 ,000.
1:30:46
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
For last year, yeah.
1:30:48
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
What is the budget for this year?
1:30:50
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Or what is it expected to be this year?
1:30:53
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
For World War?
1:30:57
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yes.
1:31:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So to Sui Ho's point, if the numbers are big enough, then it shouldn't be under scout shop and merged in.
1:31:11
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's confusing for everybody and they can't see the detail.
1:31:15
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It should probably stand alone by itself when it's big enough.
1:31:18
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
The question is how big is big enough?
1:31:20
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
You can add for the budget in 26, the revenue is, rock wall is
1:31:28
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
from 62 ,000.
1:31:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And then we expand it to 51.
1:31:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So there should be a net.
1:31:35
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We forecast or we budget a surplus of 11 ,000.
1:31:40
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah.
1:31:42
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
How much is a scout shop total revenue?
1:31:46
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
250 ,000.
1:31:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So if it's 60 ,000, it is really quite materially distorting your scout shop numbers.
1:31:56
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So perhaps the thing about...
1:31:59
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
coming out and showing it separately so that you don't mix up the two.
1:32:03
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So separately meaning is by itself?
1:32:12
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, by itself.
1:32:16
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If it's not too much work, then I think by itself show up.
1:32:18
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
At least we can see whether it makes sense or don't make sense.
1:32:20
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
To your point, given the 11 ,000 is the net margin this year, and then you need to go and have an external contractor
1:32:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
come in to certify, then maybe it really makes no sense to do it.
1:32:32
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So that's one.
1:32:33
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Two is just...
1:32:36
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Just be very careful because all these high elements, if there's any danger or whatever, this one is really silly, so
1:32:44
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
must be careful.
1:32:45
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Don't trip up on the regulation on there.
1:32:48
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It's a certified area.
1:32:51
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We need to go for a certification to make sure that it is suitable for climbing.
1:32:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
And also the who needs to be there to monitor, who needs to be there, make sure they are properly certified to, if not coach, at least to make
1:33:07
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
sure that things are running properly.
1:33:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, correct.
1:33:11
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
They are certified under.
1:33:12
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
There's this Association of Challenge Cost Technology that we do.
1:33:17
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We send the staff for to be certified every two years to make sure that they know what are the dangers, what are the risks,
1:33:25
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
how to do all the different knots and lashings and so on.
1:33:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:33:36
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So Kenneth, the work wall is
1:33:44
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
operating by itself. We are referring to 2026.
1:33:47
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, if you can do 2026, do 2026.
1:33:51
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:33:53
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay. So I move on to the next one, which is FIDC.
1:34:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, okay.
1:34:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
SLDC, I think compared overall to 2024 and 2025, in terms of revenue, they did better.
1:34:13
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But there was a big drop in terms of the net surplus for SLDC.
1:34:20
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
They came in compared to 2024, it was about $200 ,000.
1:34:24
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
It came out to $30 ,000.
1:34:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, if you look at the top line item in terms of income, there was an approximate increase of $150 ,000 increase in net
1:34:36
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
revenue, okay, net income.
1:34:38
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But what happened in the end, we were hit very drastically by a lot of costs that went up in 2025, which
1:34:47
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
we couldn't help.
1:34:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We tried managing it, but I think because of the competitive nature,
1:34:54
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I think manpower freelancers, the rates went up pretty high.
1:35:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
in terms of getting them on board because everybody during the peak season is fighting for the same freelancers so everybody
1:35:08
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
is in a way out beating themselves
1:35:10
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
All right, outbidding each other in terms of offering the best rates to get the freelancers to actually to jump over to you rather
1:35:19
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
than doing the other program.
1:35:20
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So we are trying to resolve this by making maybe certain efforts in terms of getting them a bit more loyal to us by
1:35:29
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
taking better care of them.
1:35:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But, you know, as a little bit more money the other side, they will always jump over.
1:35:36
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So we are trying our best to manage this situation.
1:35:40
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, and also I think what we were hit by not only the direct cost, which was about, from what we predicted, it was ended
1:35:49
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
up by another $120 ,000, $30 ,000.
1:35:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, even though our revenue went up by $150 ,000, our cost also went up by $150 ,000.
1:35:57
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But that also attributed to certain, not only manpower costs, we also had other issues in
1:36:05
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
terms of, I think food costs also increased.
1:36:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
because even though the cost itself, the value itself per mil didn't increase, but we had to order
1:36:17
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
a bit more because the caterers, I think, do reduce their portions a little bit.
1:36:23
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
in 2025. So no matter how we were caught left and right, and that was the end of us for 2025.
1:36:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Other operating expenses also increased because I think our depreciation, because we have been embarking on a project
1:36:39
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
of upgrading the campsite.
1:36:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
If we don't upgrade, nobody comes, right?
1:36:44
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
If you upgrade, we are hit by depreciation.
1:36:46
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But no choice, it was discussed.
1:36:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
with the SLDC chairman and said that a lot of the places that we are renovating were long overdue.
1:36:57
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Even before SLDC came on board, those were already existing and we really had to do the upgrading.
1:37:03
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So what we were hit in terms of there were maintenance and repairs, depreciation in terms of those capital expenditure already
1:37:12
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
for the upgrading already done.
1:37:15
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
All right. And also I think 2025 was when GST was, we were saying that HQ will no longer absorb the GST
1:37:24
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
because if not, HQ will be taking the brunt of it.
1:37:27
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
It's distributed to the various divisions that could be able to take it, such as SLDC and
1:37:35
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Sculptshop.
1:37:37
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So the outcome was that we ended up with a $32 ,000 profit instead of looking at
1:37:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
somewhere within $150 ,000 to $160 ,000 profit for 2025.
1:37:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Maybe any questions from members?
1:37:55
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Gary, so I noted
1:38:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
what you said about cost increases.
1:38:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Do you see that maintaining or increasing further?
1:38:17
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
And if so, what about pricing?
1:38:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Are we competitive?
1:38:22
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Are we below or above market?
1:38:25
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, okay.
1:38:27
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So we are not above market.
1:38:29
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We have tried being above market.
1:38:31
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think that failed quite badly for us.
1:38:35
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So what we are doing now, we are always, I think, the lowest tree in terms of pricing.
1:38:43
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, until we can gain back market share, I think that is the strategy that we want to go.
1:38:48
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Unfortunately, it will hit us for 2026.
1:38:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, I think we are already prepared for it.
1:38:55
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I've spoken to President and SLDC Chairman, and we are looking at various ways, cost -cutting measures to address
1:39:04
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
the drop in terms of, or the increase in terms of direct costs, direct expenses.
1:39:11
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
It will not get better.
1:39:13
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I don't think it will get better.
1:39:14
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I think we just have to mull through this period and also look at our repricing as well as our rebranding
1:39:23
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
in terms of securing better contracts.
1:39:26
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Then slowly, the strategy is to increase back our price.
1:39:30
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Who will I answer that, Mr Tan?
1:39:34
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, so we are competing on price.
1:39:38
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yes.
1:39:40
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Because...
1:39:43
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
The facility is not good.
1:39:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, obviously this is a battle now.
1:39:48
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Those who come to us will come to us.
1:39:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
What we foresee will continue to come to us.
1:39:56
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But we are also hit by certain organizations.
1:40:00
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Certain schools, they say that after two, three years, the admin manager said, oh, you need to change vendor.
1:40:05
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, so we are hit by various matters that the government is implementing in terms of varying to,
1:40:14
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
that you cannot be consistently going to one vendor.
1:40:17
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So even though they like our location, they will probably miss us for one or two years then after, hopefully that they will tend to come back.
1:40:28
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So in terms of strategies, we are just also working along with it on the go in terms of catering to various
1:40:36
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
organizations, various schools in terms of their difference in the way they handle contracts, they handle contracts
1:40:46
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
and their letter of award and so on.
1:40:48
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So there are several variations to what MOE does.
1:41:04
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, all the best for 2026.
1:41:05
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
At this margin, there is very little room for error already.
1:41:12
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Last year, at least, we can still see got $200 ,000, still can have some hit, some miss.
1:41:18
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
At this kind of numbers...
1:41:22
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
If we miss anything, this year will be the loss really.
1:41:25
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So yeah, cost is going to be quite important.
1:41:28
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
But also the projects work needs to come in.
1:41:32
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Make sure we hit the targets.
1:41:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Otherwise, we can't even keep the lights on.
1:41:36
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And that's going to be a much harder conversation to be had when we can't even keep
1:41:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
it positive next year. So it's an existential question by this time next year.
1:41:51
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:41:52
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, yeah.
1:41:53
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Hopefully we'll have good conversations.
1:41:55
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Just pass the message to SLDC chair.
1:42:00
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, we'll do.
1:42:01
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:42:11
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Is this all the numbers?
1:42:15
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
For one more, this is actually comparing the actual address
1:42:23
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
of the podcast. So, we forecast it.
1:42:30
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
deficit of 220 .583
1:42:48
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
but with a small surplus of 46 ,000 so the reason behind the
1:42:56
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
reason being is because of a few things which is right back of the previous previous year's plan
1:43:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
and also Jambri brand which is a statistic another $3 ,000 and then you have some savings in controlling Jambri
1:43:13
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
costs and other expenses of $40 ,000 and then there is a donation increase
1:43:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
of about $50 ,000 so all these make up costs
1:43:27
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
will bring us to the surplus of $46 ,000 compared to the forecast of negative $218 ,000.
1:43:34
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So not too bad news in 2025.
1:43:42
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Hopefully, we'll carry on to be strong in 2026.
1:43:46
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Any question from the rest?
1:43:53
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
There's
1:44:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
one more slide. This is the AR engine.
1:44:07
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I'll go very fast.
1:44:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Can I move on?
1:44:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Sorry, I just confirmed no more question from the rest because this
1:44:18
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
is the main part of the financials.
1:44:20
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So, okay, then we move on to the AR.
1:44:22
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, good for me, thanks.
1:44:25
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We move on to the AR.
1:44:28
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, okay.
1:44:29
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Chairman Amba said that he had to leave, he had to take his leave.
1:44:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah, okay, noted.
1:44:36
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thanks. So, based on the AR aging on the 31st March, HHS outstanding of
1:44:45
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
$177 ,660.
1:44:48
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But with the payment status that we checked until 20 April, the outstanding goes
1:44:57
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
down to $54 ,964.
1:45:00
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So the main one that I want to highlight is actually this North East CDC, outstanding of 11 ,000, which
1:45:09
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
we are finalizing the SOA and then they are outstanding of
1:45:17
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
10 ,800.
1:45:18
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So the rest are quite small and we are actually following up on training.
1:45:24
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So
1:45:33
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
on the amount from Wei Ming, we still owe him money, right?
1:45:38
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Worst come to worst, that can be offset against what we owe him, is it?
1:45:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Correct,
1:45:51
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
right? Correct.
1:45:53
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:45:54
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, this one looks pretty good.
1:46:02
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Only just to make sure that there's no dispute.
1:46:04
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Because if there's no dispute, then the numbers are actually looking quite good.
1:46:10
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
The only problem is we got dispute, we don't get it back.
1:46:12
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Otherwise, I got no question on that as well.
1:46:19
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
okay uh you want
1:46:29
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
me to take this through yeah okay i think uh we are having some challenges uh especially on the volunteer side uh
1:46:37
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
i think uh after this we will share one example uh so what we are recommending currently under the fap okay it states that
1:46:45
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
you do not need to call for uh written quotations below three thousand
1:46:51
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
But when we don't call for it, I think some people take it that since it is a verbal quotation, I think
1:46:59
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
they just leave it be and say that they don't call for quotations.
1:47:02
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Because since it's verbal, how do we verify that?
1:47:05
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So lately we have been experiencing more and more of such circumstances.
1:47:11
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
where they went, they gone on purchase without, I think, doing proper due diligence.
1:47:15
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Sometimes I think we found out even without getting three verbal quotes.
1:47:20
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay. And the next question is that how do we verify the verbal quotes?
1:47:24
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay. So that I think this is what we are proposing after much discussion.
1:47:31
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay. So we said that we will change it a little bit.
1:47:34
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Is that now $500 and below, we call it as small purchases.
1:47:40
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
we do not expect any quotation.
1:47:42
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
You can go ahead and purchase it.
1:47:44
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Whereas 501 to 3000 under the FAP is three verbal quotations acceptable and approval from
1:47:52
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
myself must be obtained prior to purchasing order.
1:47:55
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
But most of the time, a lot of the volunteers go and purchase first before coming back to us.
1:48:01
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So our only recourse is that we do not even reimburse them or we find out all the necessary details before we even reimburse them.
1:48:09
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So what we are proposing for the 501 to 3000 is that they need to get three verbal quotations are acceptable, no
1:48:17
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
change, but they all need to obtain quotations must be summarized in a table and send via email to the relevant supporting staff.
1:48:25
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
That means HU staff will verify it and acknowledge it.
1:48:29
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
We won't say go ahead or not.
1:48:31
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
The go ahead is through the department heads.
1:48:34
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
But we will say, okay, we have acknowledged that you have actually done your proper due diligence.
1:48:38
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
We will only intervene if we see that something is concerning.
1:48:43
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Like example, you are choosing the highest quotation without giving proper reasons why you are doing
1:48:51
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
that. Then we will come in.
1:48:53
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
They will summarize it in a table format, description of item, quality, name and so on.
1:48:59
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
And we expect the contact, the point of contact from the supplier as well as the quoted amount.
1:49:04
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
For $3 ,001 and above, there is no change in our FAP.
1:49:09
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Our FAP is tight and they have been abiding by all these measures.
1:49:13
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
So we are only proposing the $3 ,000 and below.
1:49:17
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Maybe I just take questions from Chairman or members of the committee.
1:49:25
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
I think, strictly speaking, it's not a change in the FAP.
1:49:29
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
What we are doing is we are putting in place a more prescriptive process to make sure that people follow properly so that we can come back and audit.
1:49:36
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Where in the past, if they don't keep proper record, it's very hard for us to go back and audit to make sure that they follow the process.
1:49:44
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So this is not a change in the FAP.
1:49:46
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
You're just being more prescriptive to make sure that people follow it properly.
1:49:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Jenny, you have an example.
1:49:53
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Do we have a quote?
1:49:56
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay, so just I think Chairman...
1:50:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
do allow me to quickly share yeah all right of a recent situation uh to show uh to share with uh members on the situation can
1:50:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
i proceed okay i think the case summary is that uh an online purchase uh of was made for
1:50:16
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
600 pins uh was 2889 okay so with the amount 289 yeah actually very close to our limit of calling for quotations this
1:50:25
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
online purchase was flagged out uh from the volunteers reimbursement claim
1:50:29
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, so what we found, actually, our investigation, staff actually asked him to, two times, staff
1:50:37
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
repeated, I said, please go and get three quotations, go and get three quotations.
1:50:41
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, but when it was three verbal quotations, first they said that he cannot remember, then later on we found out that
1:50:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
actually he didn't call for the three quotations.
1:50:51
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
He just found from one, and I think he estimated the other one, then...
1:50:56
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
After that, that's what happened, then he made the purchase.
1:50:59
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So the risk identified after investigation is that no proper price comparison was made, unable to produce sufficient information.
1:51:07
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
The balance pins were kept in his possession instead of SSA, and the pins had Scout logo on
1:51:16
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
it. So it is actually a property of the organization, but kept by him.
1:51:22
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, and for the program staff, they requested quotations from two other vendors for comparison.
1:51:30
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So now that's what we are trying to do.
1:51:33
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
We requested the return of the balance pins we kept by HQ, prepare a tracking list of records for the pins, as well
1:51:41
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
as we have requested for a certified true copy of the invoice from the vendor for validation purpose.
1:51:47
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So I think...
1:51:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
we could actually save time if we have tightened the procedures a bit up front, then we would not have to spend
1:51:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
time looking into this and trying to take remedial and rectification actions.
1:52:02
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Maybe we open for questions.
1:52:06
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Any
1:52:16
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
comments or questions for the members?
1:52:18
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Chairman, if I may, I do agree that there's a significant
1:52:26
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
role for this tracking to be done, so that at least there's a paper trail.
1:52:31
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
because the volunteers do go through quite a number of quotations and purchases for various events and activities.
1:52:38
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But separate to that, I mean, just looking at this case study, I think there are other points here as well about
1:52:46
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
where the pins should have been stored.
1:52:48
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So probably we should look into whether there's any proper process for...
1:52:53
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
where such items that have been purchased with SSA funds are being kept.
1:52:57
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
I don't know, Gary, if we have any existing procedures with regards to this mention anywhere.
1:53:02
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
No, currently we are quite loose about it.
1:53:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I think that's a good point.
1:53:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I think we should do it and it should be kept at HQ rather than in the person's possession.
1:53:13
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If that is what the committee feels which is better.
1:53:25
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yeah, I think probably something for us to look at.
1:53:27
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
I think that should be the case.
1:53:29
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
That's a good point because we shouldn't allow the asset.
1:53:31
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
If we pay for it, then the asset should be properly maintained.
1:53:33
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Even if they hang on to it, they must be able to do a proper job of keeping hold of it and surrender it whenever necessary.
1:53:42
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
So at least we have at all times nowhere where things are kept.
1:53:47
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I think maybe just to jump in here, I think Dr.
1:53:50
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Sunil, I think you are right. I think with the now, with the commissioner's room, with the cabinets all properly set up with control keys and
1:53:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
so on, I think it should be kept inside the cabinet in the HQ office at the commissioner's room so
1:54:07
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
they can have access to it as well as it's properly kept in a safe space at the location.
1:54:15
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Yeah, so I think essentially we just need to work out a proper workflow and process for this.
1:54:20
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
And I guess it can work with Michael Po as well, since he's supposed to help keep track of everything.
1:54:26
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
I mean, for example, like all the purchases that were made for the Jamboree, all those items also had to be tracked.
1:54:32
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
And we continuously have a lot of these large purchases that are going on.
1:54:37
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yes.
1:54:39
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Thanks.
1:54:51
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, Chairman, shall we take it that it's not a change in the policy, but just a bit of more, I think...
1:55:00
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
scrutiny made to the quotations being called?
1:55:02
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Tighter control.
1:55:03
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah. Okay.
1:55:05
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Tighter control. Any other comments from the members?
1:55:09
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So when this thing brought up, I think we made it quite clear.
1:55:12
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, this is a issue around the control.
1:55:16
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
This is a breach of the controls because they did not follow the protocol.
1:55:21
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
We had an option not to pay for this thing because it is not in compliance with the thing.
1:55:27
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
What we try to do is because it is ultimately the SSA's assets with our logos on it.
1:55:34
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So we decided that it's fair that we pay for it, but we should retain control.
1:55:38
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But we also make sure that we independently verify to make sure that the amount is not significantly off.
1:55:44
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
If the numbers is very far off, then we will take the step not to pay for it.
1:55:48
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But if the numbers are quite close, then I think we just give it a warning and move on and say that going forward with this will not happen again.
1:55:54
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
But this is a breach.
1:55:56
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So just to be clear. Okay.
1:55:58
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Speaker 2 (GMT20260429-095639_Recording_1920x1040)
No touch, Chairman.
1:56:00
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay.
1:56:05
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Sorry, if I may just add one more point.
1:56:08
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Maybe something for us to notice.
1:56:12
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
where this information on what they're supposed to note down on this table is going to be and how accessible the details
1:56:20
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
of what they should be including in the email they send to the staff will be.
1:56:24
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Because from an implementation perspective, I think if it's not publicly available on the website, if you just send it out in a circular, I
1:56:33
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
suspect a lot of volunteers will not realize that they're supposed to follow these processes until when they are trying to submit for a claim.
1:56:41
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay. I think we should put it in a chat folder.
1:56:44
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thanks for that. I think maybe we put it in a finance folder to be shared among all
1:56:52
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
the commissioners so that they can always have easy access to that document.
1:56:57
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
And tell them that if they don't follow the template next time, they cannot claim back.
1:57:01
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
That's the easiest way.
1:57:02
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Yeah, probably it needs to be available to all the volunteers because a lot of these purchases are done by other volunteers
1:57:11
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
as well.
1:57:11
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, Ken, we'll do.
1:57:14
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Yeah, probably I think maybe put it on maybe
1:57:22
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
on our website, one location on our website where it's more easily downloadable.
1:57:26
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
I think similar to what we do for the leadership kickoff slides that I think all unique leaders can access to.
1:57:33
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
And attach it to the claims form.
1:57:36
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay. Yeah, because if you take the claims form, they must have this.
1:57:40
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Otherwise, you cannot.
1:57:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah. Okay, Ken.
1:57:42
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay,
1:57:57
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
let's move on.
1:58:02
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Last other agenda. Jenny, you want me to take through this or?
1:58:08
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, I think I just give some preamble to this situation, right?
1:58:14
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, because of the current Scout van, the current Scout van is about, I think, 17 years old now.
1:58:21
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, the only available insurance that is available to the organization is third -party insurance.
1:58:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Alright, so actually, in terms of that, and nothing else is covered and so on, so we...
1:58:36
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, formerly before that, before we had comprehensive insurance, we allowed volunteers to drive it.
1:58:42
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
They can request for the use of the van during certain weekends when they are having camps and so on.
1:58:48
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
But we have actually spoken to Treasurer, not to Treasurer as well as to Chief Commissioner that we cannot do that because any accident
1:58:56
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
now, I think in terms of...
1:58:59
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
safety -wise and as well as I think relying on the volunteers and all, sometimes
1:59:07
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
it can be quite, I think, not really dangerous, but I think for us to manage
1:59:15
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
that damages and all can be quite huge.
1:59:20
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
and also to pay for third -party liability.
1:59:23
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Then after that, our insurance will also probably increase at the same time at the next renewal.
1:59:30
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So what we are allowing now is to go back to allow for mileage claims for programs and
1:59:38
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
so on if they have been budgeted for under that project.
1:59:42
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
So of course, any other projects, any project that they do or even the program's team when they are
1:59:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
preparing for their camps, they should actually project that they can either do a mileage claim if let's say they are
1:59:58
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
using their own private vehicle.
2:00:00
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
we allow reimbursement of mileage claim.
2:00:03
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So all these mileage claims will be tracked.
2:00:06
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
They will submit a claim form.
2:00:08
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
However, like all other organisations, they will subtract the distance from their home to HQ itself.
2:00:17
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, so we will abide by in terms of benchmark for all organizations similar to MOE, we will take that as a guide.
2:00:24
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, so we will pay at 60 cents per kilometer.
2:00:28
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
We have verified that MOE is also reimbursing at 60 cents per kilometer.
2:00:33
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, so this is strictly applied only as a safety vehicle as well as travel between designated
2:00:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
event venues and locations and so on.
2:00:44
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
As well as let's say if they need to go and buy groceries or resupply, it is covered as well.
2:00:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, we are also recommending that parking fees claims be covered.
2:00:54
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, incurred in the course of conducting official programs will be eligible for reimbursement.
2:01:01
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
All right, petrol claims.
2:01:03
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, if we're doing mileage claims, we will not allow the petrol claims.
2:01:08
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Petrol claims are only for reimbursable if the use of the scout van and authorized rental vehicles.
2:01:15
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, so let's say for a project where they do not have any private vehicles that they are keen to use, they can actually
2:01:23
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
put a budget for a rental vehicle.
2:01:25
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So for the rental vehicle, what we are recommending, they also will take full insurance.
2:01:32
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And this is where to top up the petrol for the rental vehicle, then we will allow these petrol claims to be done.
2:01:40
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
So this is for projects and programs.
2:01:44
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Maybe I'll take any questions for that part first, then I'll cover the scout van later on.
2:01:49
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
If I may
2:01:57
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
ask a quick question, are we also including staff?
2:02:01
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Staff, no. Not for staff.
2:02:04
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Because just from a more practical perspective, some of our staff, like Faiza, for example, does
2:02:12
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
a lot of driving also.
2:02:13
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Yeah. I've spoken to him.
2:02:16
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
I said, because a lot of things I've not been budgeted for, right?
2:02:20
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
He says that he's happy to cover those part of it that is there.
2:02:26
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
2:02:28
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Thanks. Welcome.
2:02:32
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Chairman, I carry on.
2:02:35
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, for the scout van policy, currently, the usage is done by mainly three persons.
2:02:42
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
It's myself, Mr.
2:02:45
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Faisal, that's what Sunil raised up just now, and Mr.
2:02:49
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Fikri, who does it, who manages a scout campsite.
2:02:52
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, so what we are proposing is that since we are also overhauling our process and our governance
2:03:02
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
for the use of scout van,
2:03:04
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, so we're also looking at the excess, what happens when there is an accident involved.
2:03:10
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Fortunately, over the last few years, everything has been great, but I think we need to earn a sight of caution.
2:03:18
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
What happens if something unfortunate happens, then what are our liabilities and so on.
2:03:24
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, the insurance coverage for authorized vehicles now, okay, include the hospital and surgical benefits, which
2:03:32
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
is inside.
2:03:33
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
embedded into the insurance policy okay the third party liability coverage and we have our own care plus covering accidental death
2:03:41
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
and permanent this is taken under our staff benefits all right so these are the insurance that are covering it okay uh so okay
2:03:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
what happens if there is really an accident uh now we are exploring if it's the fault of the driver
2:03:57
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
myself, Faisal or Fikri, or if it's not the fault of the driver.
2:04:01
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Currently, our access is kept at $1 ,500 for the third party liability
2:04:09
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
insurance. So what we are proposing is that if that is the cap, in the event of accident, it
2:04:17
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
is the driver's fault, we need to pay for this access first.
2:04:22
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
not first, but we need to pay for this excess, which is $1 ,500.
2:04:26
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
What we are recommending is that because it is the fault of the driver, the driver should bear two -thirds of the amount,
2:04:34
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
which accounts to $1 ,000.
2:04:36
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
And after that, the organization pays for the $500, which is the excess.
2:04:42
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Whereas if it's the accident not attributed to the driver's fault, then if, let's say, unfortunately, if
2:04:50
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
it's accessed to be the fault of the driver, then we will cover in terms of the full access amount.
2:05:00
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
I think it's only a very unfortunate incident where we feel that it's not the driver's fault, but the police, I
2:05:08
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
think traffic police, access otherwise.
2:05:09
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Okay, this is the only possible solution that the organization will pay for the full access amount.
2:05:16
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Or could be not attributable fault to anybody.
2:05:22
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So for example, something dropped on the car and then the car hit the thing.
2:05:26
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So nobody's fault.
2:05:28
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Yeah, we'll put that clause in.
2:05:34
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Just be clear, this is a third party only.
2:05:36
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So in a situation like this where the own van is wrecked, then the van is wrecked.
2:05:40
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
We cannot claim back for the van.
2:05:41
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
So that's it. No more van.
2:05:43
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Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Yeah.
2:05:44
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay.
2:05:46
S…
Speaker 8 (GMT20260429-095639_Recording_1920x1040)
Okay.
2:05:47
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
So sometimes I think Jenny, you got next slide, right?
2:05:53
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
No more. Oh, this part.
2:05:55
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay.
2:05:56
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Okay. So the responsibility of the authorized drivers, right?
2:05:59
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
They are responsible to comply with all licensing requirements and all highway codes, right?
2:06:04
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
And to be carefully observe all traffic laws.
2:06:07
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
So if they are tired, they are not supposed to drive the van.
2:06:10
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Either they leave the van at campsite or HQ, they take their public transport home and so on.
2:06:16
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay.
2:06:18
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Speaker 6 (GMT20260429-095639_Recording_1920x1040)
They are agreed to that, taking that responsibility to be responsible for all, and they are responsible for all traffic offenses, demanding points, and so
2:06:26
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
on. Okay?
2:06:27
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
And the last part is that if in event that they do...
2:06:32
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
It is their mistake that they fall into an accident and it's in the cost of their work.
2:06:38
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
They'll pay their excess part of two -thirds.
2:06:42
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
HQ will pay one -third and also HQ will bear all costs for the repair of the van.
2:06:48
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
So this is what we are proposing for the policy on usage of the van.
2:06:57
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Questions?
2:07:03
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Committee? Members?
2:07:15
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
I've got no questions on this.
2:07:17
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Hi, this is Kai Yi.
2:07:18
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
I just have a question about the mileage claim and the transport.
2:07:23
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Because of the high increase in price, petrol price, will this 60 cents be reflected accordingly
2:07:32
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
based on the increase in the price of petrol or even the mileage part?
2:07:39
S…
Speaker 4 (GMT20260429-095639_Recording_1920x1040)
Or will it remain stable as per normal?
2:07:44
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Okay, we are keeping as per normal.
2:07:48
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
Okay, currently, the reason why, if let's say an average, the consumption of a vehicle is usually, I
2:07:56
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
think, if it's a vehicle that consumes a lot of petrol, usually they will go about 8 kilometers per
2:08:05
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
liter.
2:08:05
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
A litre now is about $354 without the discount.
2:08:10
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
So if they go by 8 kilometers, 640, so it will be sufficient just to cover the metro with
2:08:18
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
a bit of excess. Okay, thanks.
2:08:20
S…
Speaker 1 (GMT20260429-095639_Recording_1920x1040)
Okay, welcome.
2:08:21
S…
Speaker 6 (GMT20260429-095639_Recording_1920x1040)
At this current price, it's still okay.
2:08:24
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay,
2:08:33
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
any more questions?
2:08:34
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
If no more questions, then we take it as a proof.
2:08:37
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
This one needs to be, needs to go out to council also, right?
2:08:41
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Okay,
2:08:50
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
looks like everybody is okay.
2:08:56
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Have we come to the end of the agenda items?
2:08:59
S…
Speaker 2 (GMT20260429-095639_Recording_1920x1040)
Okay, let's quickly go around.
2:09:04
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Any AOB from committee members?
2:09:06
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
None from me.
2:09:10
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Sunil, anything from you?
2:09:11
S…
Speaker 5 (GMT20260429-095639_Recording_1920x1040)
Thank you.
2:09:13
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Siho, anything from you guys?
2:09:19
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
If not, then looks like we just about made it to 8 o 'clock.
2:09:25
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
We started 8 minutes late, so that's my buffer.
2:09:34
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, if not, then a good meeting.
2:09:36
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Quite efficient.
2:09:37
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Thank you very much for the support, guys, as usual.
2:09:41
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
And next meeting, I'll leave Jenny to organize.
2:09:44
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
And I'll see you guys at the next council meeting sometime end of next month, I think.
2:09:48
S…
Speaker 3 (GMT20260429-095639_Recording_1920x1040)
Okay, thank you very much, everybody.
2:09:55
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Thank you, Chairman and everybody.
2:09:57
S…
Speaker 7 (GMT20260429-095639_Recording_1920x1040)
Thank you, everyone. Bye -bye.
This transcript was generated by AI (automatic speech recognition). May contain errors — verify against the original audio for critical use. AI policy
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