SINGAPORE - 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 as gains by the nation's past reserves.
The Protection from Online Falsehoods and Manipulation Act (Pofma) 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 (BTO) project. The minister had stated that HDB will incur a development loss of about $270 million for the project.
Mr Yeoh's posts stated that the reply was "a rather disingenuous and misleading analysis of the supposed $270 million loss made by HDB" and alleged that there was an "accounting sleight of hand" given that the Government "acquired most of the land at minimal or much lower cost by compulsory acquisition".
TOC subsequently carried an article on the same day echoing the points raised in 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...
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