SP's operating profit up 35% at $1.4 b

• robertteh

  13 Sep 05, 10:25

  Today's report: "SP's operating profit up 35% at $1.4 b" published on 13.9.2005" - source : Bloomberg
  
  For years, citizens have been giving feedbacks to the government ministers, MPs, and all feedback agencies on the following:-
  
  (1) High costs of living and doing business in Singapore (ministers denied or keeping quiet about such problems like in the NKF way)
  
  (2) A system of charging citizens for government services at market prices and using every opportunity to recover costs.
  
  (3) Privatization of traditional government services to stinge on government spending and create surpluses.
  
  (4) Competing against citizens for a living even as the SMEs are reeling from high costs and bankruptcies.
  
  (5) While citizens might have supported government's non-welfare policy that does not give the licence to keeping charging market prices for services against the citizens allowing SPs, Mediacorp, URA, HDBs, State Land Office, LTA, JTC or Public Transport companies to make obsene profits.
  
  Please re-think all the non-welfare policies of the past again. Wake up and stop making so much monies by using privatisation to stinge on costs while getting all the privatised GLCs to use legal and administrative powers and monopolies to cream off monies from the poor and middle-income citizens.
  
  It is no use making all the surpluses if these surpluses cannot result in a vibrant economy to benefit all.
  
  Note: Does the government want to go through another NKF before doing something to meet people's expectations?
• ORIGAMIST

  13 Sep 05, 10:49

  The reason for the high profit is also the way SP do their collection. As a private company, they can cut off your electricity and water supply if you can't pay. The Government cannot do it so they privatised it. Can we all see thru the evil scheme now ??? They only care about money....
  
  In the mean time, it's cut cut cut all the way ........
• BillyBong

  13 Sep 05, 12:53

  Originally posted by ORIGAMIST:

  The reason for the high profit is also the way SP do their collection. As a private company, they can cut off your electricity and water supply if you can't pay. The Government cannot do it so they privatised it. Can we all see thru the evil scheme now ??? They only care about money....
  
  In the mean time, it's cut cut cut all the way ........

  SP is a GLC (Not privatised company) and part of the profits will always find their way back to govt coffers.
  
• sbst275

  13 Sep 05, 19:32

  Does the $3.5B incl profit from other overseas biz?
• Lowclassman

  14 Sep 05, 14:45

  Originally posted by robertteh:

  Today's report: "SP's operating profit up 35% at $1.4 b" published on 13.9.2005" - source : Bloomberg
  
  For years, citizens have been giving feedbacks to the government ministers, MPs, and all feedback agencies on the following:-
  
  (1) High costs of living and doing business in Singapore (ministers denied or keeping quiet about such problems like in the NKF way)
  
  (2) A system of charging citizens for government services at market prices and using every opportunity to recover costs.
  
  (3) Privatization of traditional government services to stinge on government spending and create surpluses.
  
  (4) Competing against citizens for a living even as the SMEs are reeling from high costs and bankruptcies.
  
  (5) While citizens might have supported government's non-welfare policy that does not give the licence to keeping charging market prices for services against the citizens allowing SPs, Mediacorp, URA, HDBs, State Land Office, LTA, JTC or Public Transport companies to make obsene profits.
  
  Please re-think all the non-welfare policies of the past again. Wake up and stop making so much monies by using privatisation to stinge on costs while getting all the privatised GLCs to use legal and administrative powers and monopolies to cream off monies from the poor and middle-income citizens.
  
  It is no use making all the surpluses if these surpluses cannot result in a vibrant economy to benefit all.
  
  Note: Does the government want to go through another NKF before doing something to meet people's expectations?

  Our government is too money face~! They will do means and ways to squeeze us dry and left with just enough or always not enough for expenses.
  
  Everytime when there's a hike in petrol price, petroleum company sure report with surge in profit margin. farking gov.
• sbst275

  14 Sep 05, 20:03

  Originally posted by Lowclassman:

  Our government is too money face~! They will do means and ways to squeeze us dry and left with just enough or always not enough for expenses.
  
  Everytime when there's a hike in petrol price, petroleum company sure report with surge in profit margin. farking gov.

  Well it is because their margin stays, but as amt gets bigger, the profit amt gets larger...
  
  You go tell govt to sub petrol... Tell them, dun talk here
• Cindyfeh

  14 Sep 05, 22:57

  Originally posted by BillyBong:

  SP is a GLC (Not privatised company) and part of the profits will always find their way back to govt coffers.
  

  How much of the GLCs' profits go into the govt coffers?
  
  And what happens to the govt coffers? How much of the coffers are used for real Singaporeans' benefit?
• Lowclassman

  15 Sep 05, 19:57

  Originally posted by sbst275:

  Well it is because their margin stays, but as amt gets bigger, the profit amt gets larger...
  
  You go tell govt to sub petrol... Tell them, dun talk here

  What right you have to tell me dun talk here. as....you
• sbst275

  15 Sep 05, 20:04

  Originally posted by Lowclassman:

  What right you have to tell me dun talk here. as....you

  You think subsidise petrol so go subsidise
  
  You go provide govt with land that have oil to be able to be extracted 1st bef talking abt fuel subsidy