Church to co-own Suntec
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if ever the govt decided to catch this pastor, it'll be 100 times bigger than Durai.............the SHOCKED looks on those 33,000 mindless church-going goons will be PRICELESS........
i'll laugh like a mad man for a week.......................heck, i might be crazy enough to vote for PAP...........LOL
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If ever . . . . . this happens ............
the willing parties will still be sleeping and singing praises to the pastor and GOD
..... .. ...........
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So will Suntec City now have a name change?
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City Harvest Church board in discussion over S$310m Suntec stake
By Hoe Yeen Nie, Alicia Wong, Claire Huang | Posted: 21 March 2010 2305 hrsPhotos 1 of 1 
Video 
City Harvest Curch board in discussion over S$310m Suntec stake SINGAPORE: City Harvest Church said its management board is in discussion with the relevant parties and a statement will be issued shortly regarding its S$310 million stake in Suntec Singapore.
The church was recently asked by the Commissioner of Charities about this business venture.
City Harvest did not create a separate business entity for the purchase.
There are concerns regarding this arrangement because the church's income as a registered charity is non-taxable.
During its Sunday service, the church told its members it would update them on the progress of its fund-raising for its new premises next week.
"I think it's definitely okay because it's sort of like an additional revenue for the church," the church said. "It's not an issue for the congregation, because everything is properly audited, so there's no conflict of interest whatsoever."
- CNA/yb -
even ren ci also went down already... when will this shameless couple be going down???
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Originally posted by noahnoah:
City Harvest Church board in discussion over S$310m Suntec stake
By Hoe Yeen Nie, Alicia Wong, Claire Huang | Posted: 21 March 2010 2305 hrsPhotos 1 of 1
VideoCity Harvest Curch board in discussion over S$310m Suntec stake
SINGAPORE: City Harvest Church said its management board is in discussion with the relevant parties and a statement will be issued shortly regarding its S$310 million stake in Suntec Singapore.
The church was recently asked by the Commissioner of Charities about this business venture.
City Harvest did not create a separate business entity for the purchase.
There are concerns regarding this arrangement because the church's income as a registered charity is non-taxable.
During its Sunday service, the church told its members it would update them on the progress of its fund-raising for its new premises next week.
"I think it's definitely okay because it's sort of like an additional revenue for the church," the church said. "It's not an issue for the congregation, because everything is properly audited, so there's no conflict of interest whatsoever."
- CNA/ybi am not from city harvest but i hope everything will turn out well for them. they should use the proper channels to do investing mah. by buying a stake at suntec shows how blessed and rich city harvest is.
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Originally posted by I-like-flings(m):
even ren ci also went down already... when will this shameless couple be going down???
i believe the GOVT already knows about Durai, Ren Ci and CHC all along.......they're just waiting for these idiots to accumulate more money before the GOVT swoop down on them and ''confiscate'' the money ...................
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Originally posted by As romanista2001:
i believe the GOVT already knows about Durai, Ren Ci and CHC all along.......they're just waiting for these idiots to accumulate more money before the GOVT swoop down on them and ''confiscate'' the money ...................
unlike durai and renci, chc will be fine. why ? don't ask me.
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PAP scared got trouble with the members mah...................especially if elections near, they scared the incident will psycho other christians from other churches to vote for opposition.
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i have just read "THE TEMASEK REVIEW" forum on city harvest church. there are many interesting comments. some even seriously want to boycott suntec, will you ?
one said chc is harvesting the city, starting from suntec. very true. more interesting comments than here. free go and read.
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Originally posted by Fairyfairy86:
i have just read "THE TEMASEK REVIEW" forum on city harvest church. there are many interesting comments. some even seriously want to boycott suntec, will you ?
one said chc is harvesting the city, starting from suntec. very true. more interesting comments than here. free go and read.
ok i join.... i never been to suntec for i think more than 5 yrs already.......... -
can go buy SUNTEC Reits or not? how much is the share price now? $1.30 something right?
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members of church have to donate his/her monthy income of 10% to the tithes. that is a hell of a lot if you have members exceeding 10,000 or more.
the question to ask is this. is it worthwhile to donate your 10% income to building land and expanding the church etc etc. in some cases, the church go buy Reits to invest its pile of cash sitting in banks as a result of accumulation of tithes from devotees. how about you channeling just 0.5% of your monthly income to charitable causes instead?
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Originally posted by Rooney9:
members of church have to donate his/her monthy income of 10% to the tithes. that is a hell of a lot if you have members exceeding 10,000 or more.
the question to ask is this. is it worthwhile to donate your 10% income to building land and expanding the church etc etc. in some cases, the church go buy Reits to invest its pile of cash sitting in banks as a result of accumulation of tithes from devotees. how about you channeling just 0.5% of your monthly income to charitable causes instead?
pastor is the fund manager mah.................got profit, he got a cut..............lose money ? who cares, not his money anyway.
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Originally posted by As romanista2001:
pastor is the fund manager mah.................got profit, he got a cut..............lose money ? who cares, not his money anyway.
may be a GM, MD in an asset mgmt company -
UK financial magazine already say Bank of Vatican the 8th biggest money-laundering operation in the world so don't say CHC lah............
Vatican also 6th biggest landowner in the world................wonder where the money come from hor ?.........LOL
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Originally posted by Rooney9:
can go buy SUNTEC Reits or not? how much is the share price now? $1.30 something right?
commercial property is the last thing you wanna be involved in...................Suntec smart to sell to CHC............
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It is a no no for CHC to get a stake for Suntec. Think about it. It will create dis-harmony in Singapore and riots if worse come. Hope the Govt will not be silly to approve this.
But saying no to CHC does not solve the issue. Churches and temples have a lot of money. If you dont allow CHC to pour in their funds to Suntec, they might well channel out their funds to oversea to build missionary centres / etc.. This is a great loss of fund to Singapore Govt, if you look at this.
Instead allow Bank on behalf of church and temple to do investment for greater returns, provided the church and the temple suscribe to some scheme, that they will pay a "Charity Tax" of their investments to non-religious charity organisation like kidney foundation, etc. So Bank will be the party to do the investment and be responsible to monitor un-usual cash flow.
The result is religious organisation got more money, good money back to society to help the less fortunate, no dis-harmony becos certain relgion dominate, and woot .. more jobs created in bank industry.., and govt no need to worry becos bank at stake to monitor the accounts are clean.
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if those mega churches set up healthcare centres like those temples then no problem liao...........the thing is the pastors are simply making use of the church/religion as tools to fool the mindless masses into enriching the pastors...........
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Originally posted by As romanista2001:
if those mega churches set up healthcare centres like those temples then no problem liao...........the thing is the pastors are simply making use of the church/religion as tools to fool the mindless masses into enriching the pastors...........
I think CHC has dialysis centre. the leaders of the church prefer high profile and pumping in more and more money. What is so glorious about having many celebrities worshipping there? -
Even though I am no longer a christian I still hate rich churches. Let's all condemn and boycott Suntec City!
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Originally posted by Larryteo:
Even though I am no longer a christian I still hate rich churches. Let's all condemn and boycott Suntec City!
I will just not go to CHC. That place does not belong to them 100%. -
Originally posted by Dondontan:
I think CHC has dialysis centre. the leaders of the church prefer high profile and pumping in more and more money. What is so glorious about having many celebrities worshipping there?you must understand that these high profile people are not there for religion only, they're there for business purposes................many of them pretending to be christians...............heck, even the pastor and wife are pretenders !
people of the same ''pattern'' tend to cling together so the damn thing become ''bigger''................
how those mindless goons can continue to trust the pastor and wife and put up money monthly is the last thing i can understand.............must be the low-frequency binaural beats they play through the multi-million dollar PA system and all that positive affirmation crap...................
repeat a lie long and often enough and people will believe........that's how religions started and how they survive.
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Originally posted by As romanista2001:
you must understand that these high profile people are not there for religion only, they're there for business purposes................many of them pretending to be christians...............heck, even the pastor and wife are pretenders !
people of the same ''pattern'' tend to cling together so the damn thing become ''bigger''................
how those mindless goons can continue to trust the pastor and wife and put up money monthly is the last thing i can understand.............must be the low-frequency binaural beats they play through the multi-million dollar PA system and all that positive affirmation crap...................
repeat a lie long and often enough and people will believe........that's how religions started and how they survive.
Sad that church is treat as such. Someone was arguing that did Jesus chased the business doing in or outside the church. If I did not read wrongly the bible says that Jesus claimed that was the place for worship and chased them out. So clearly stated yet want to find fault, damn it that goongoonmad! -
City Harvest Church continues to come under fire from skeptical Singaporeans on ST Forum over its purchase of Suntec stake
Written by Our Correspondent
City Harvest Church continues to come under fire from skeptical Singaporeans three weeks after it announced that it has bought a $310 million stake in Suntec to be used for its worship services.
Since then, more than a dozen of letters have been published in the Straits Times Forum questioning if City Harvest Church should still be considered as a charity and if the returns from its property investments should be exempted from tax.
Two letters are published today in the Forum on the matter alone.
Ms Tan Saw Bin who is an auditor of several charitable groups wonder if “significant involvement in commercial activities by mega churches, through investments in properties, still qualify the churches as charities under the Charities Act and their Constitutions.”
She urged the authorities including the Registrar of Societies and Commissioner of Charities to “look into statutory compliance and evaluate if such religious groups still qualify as charities.”
“New Creation Church and City Harvest Church are registered as charities but not Institutions of a Public Character. This means that donations to these churches are not tax exempt, so donors do not enjoy tax deductions of 2.5 times. Nevertheless, I am impressed by the ability of these churches to obtain significant donation income, which is a feat few organisations can match,” she added.
Another Singaporean Harvey Neo pointed out the blurring of lines between a religious group and its associated business entity in reality:
“For example, the initial start-up funds for the business entity could come entirely from the church. Tax-exempt funds from the church might also be diverted to the business entity in indirect ways.”
He stressed that the problems arises when “the associated businesses of a religious group balloon to such an extent that one starts to forget the raison d’etre of religion and begins to wonder where the profits of such businesses go to.”
City Harvest Church was founded by its Senior Pastor Kong Hee in 1989 as a small Bible study group of 20 and has since ballooned to a mega Church with more than 33,000 members.