Former GIC chief economist Yeoh Lam Keong and alternative news site The Online Citizen (TOC) have have been ordered under the fake news law to put up corrections over false and misleading statements about the loss made by the Housing Board in a Build-To-Order (BTO) project, as well...
Former GIC chief economist Yeoh Lam Keong and alternative news site The Online Citizen have have been ordered under the fake news law to put up corrections over false and misleading statements about the loss made by the Housing Board in a Build-To-Order project, as well as gains by the nation's past reserves.
The Protection from Online Falsehoods and Manipulation Act Office issued correction directions to Mr Yeoh and TOC, which require both to insert a notice against the original offending online posts or articles, with a link to the Government's clarification. On Oct 4, Mr Yeoh published two Facebook posts referring to the reply by National Development Minister Desmond Lee to a parliamentary question by Non-Constituency MP Leong Mun Wai on HDB's net loss for the Central Weave @ AMK Build-To-Order project.
TOC subsequently carried an article on the same day echoing the points raised in Mr Yeoh's Facebook posts. The alternative news site also published another article the next day with a headline alluding to how Singapore's reserves will substantially profit from $500 million in land sales in the BTO project.
The Ministry of National Development said the losses incurred by HDB for the AMK BTO project are accurate and real, and that HDB's deficits are covered using funding from the annual Budget, which is raised from taxes and other revenue streams.
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