More Price increases Coming!
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they give u 10cts, then take back $1, big fish eat small fishOriginally posted by Gazelle:This is not end of the world, just part and parcel of economic cycle. Just take it as a new experience in life. -
With this price hike on oil,
I am sure everyone has the reason to hike their prices.
Thus , 1 cent hike in oil price does not mean just that.
To me, its an exponential hike overall. -
Stop talking cock lah...your grandfather has a flour factory in Singapore isit?Originally posted by t_a_s:they give u 10cts, then take back $1, big fish eat small fish -
High oil prices will cause constraint on economic growth.
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obviously you havent been reading the business section of newspaper for a long time isnt it? busy with whining forum section?Originally posted by reddressman:With this price hike on oil,
I am sure everyone has the reason to hike their prices.
Thus , 1 cent hike in oil price does not mean just that.
To me, its an exponential hike overall. -
At the rate we r going, is the people who suffer.
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Heard rumours McDelivery charge will go up from $2 to $3 with the introduction of a gourmet menu.
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no money left to gamble in IR liao.
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Oct 21, 2007
GONE UP
Prices of live chicken rise by 20%
Higher feed costs in Malaysia see fresh chicken prices up by 30 to 90 cents a kilo here
By Jamie Ee Wen Wei
THE soaring cost of chicken feed in Malaysia has sent the price of live birds here up by almost 20 per cent this month, to about $5 a kilo.
Hawkers say they have no choice but to raise their own prices to offset some of the hefty increases.
Mr Chew Kian Huat, secretary of the Poultry Merchants' Association, said corn, the main ingredient in chicken feed, has shot up from about $420 to $820 a tonne - making live chickens 20 to 25 per cent pricier.
Hawkers said chicken prices are at an all-time high.
'Chicken has never been this expensive,' said Mr Tay Thiam Huat, 48, who has been selling chicken at a wet market in Eunos for 30 years. He used to sell a medium-size one for about $5. Now it costs $6.
The Sunday Times visited 10 wet markets in neighbourhoods like Ang Mo Kio and Toa Payoh last week. It found that the price of fresh chicken had gone up by between 30 and 90 cents a kilo.
Those who passed on all increase in costs to customers suffered a dip in sales. One hawker at Ang Mo Kio Ave 10 said sales fell by 30 per cent after he raised prices by 90 cents to $5 a kilo.
Mr Ng Say Cheng, 57, who runs a stall at Toa Payoh Lorong 4, said: 'Business is already not so good. We just have to earn a little less.' He charges 50 cents more for a kilo of chicken.
Two weeks ago, Sheng Siong Supermarket raised chicken prices by about a dollar. A small chicken weighing 1 to 1.3kg now costs $4.80.
Giant hypermart has also increased prices, while NTUC FairPrice is 'holding' them for now.
The Sunday Times knows of at least one chicken rice stall that has raised prices this month. Ming Kee Chicken Rice at Bishan Street 13 now charges $3 for a plate, a rise of 50 cents.
Singapore imports about 3.4 million chickens from Malaysia a month.
While Mr Chew stressed that chicken prices have been kept 'too low' over the past few years due to intense competition, some consumers clearly think otherwise.
Housewife Tan Poh Yok, 67, said: 'It's very expensive compared to the last few years. I'll just have to eat less of it.' -
Oct 22, 2007
Caltex petrol, diesel prices up
Other brands likely to follow suit soon.
By Christopher Tan
AMERICAN oil company Chevron raised pump prices of its Caltex petrol and diesel by five cents a litre on Monday - the sixth increase since July and the second in about a fortnight.
The others - Shell, ExxonMobil and Singapore Petroleum - are likely to do likewise in the coming days.
Chevron's move brings its pump prices to record levels.
Before discount, the price of Caltex Silver 95 is now $1.886 a litre, Caltex Gold 98 $1.96 a litre, Caltex Platinum $2.126 a litre and diesel $1.403 a litre.
Station discount now stands at 5 per cent.
For some perspective, the price of diesel today is equivalent to what premium petrol cost just four years ago.
Back then, diesel cost around 67 cents a litre.
The latest increase comes on the back of crude oil hovering at record levels.
Last Friday, New York light sweet crude reached US$90.07 per barrel while London Brent hit US$84.88 a day earlier.
The pump price spiral is expected to have as much impact on individual motorists as public transport operators and taxi-drivers.
It will also raise business costs all round. -
Title : Report shows job seekers expect higher salaries in Singapore
By : Wong Mun Wai, Channel NewsAsia
Date : 17 Oct 2007 2050 hrs (GMT + 8hrs)
SINGAPORE: Job applicants are expecting higher salaries than what employers are willing to pay, according to the Hudson report - a quarterly report of human resource trends in Singapore.
The report shows that 57 percent of 723 top company executives surveyed wanted over 10 percent more than the salaries offered.
The Media/PR/Advertising sector has the biggest gap in salary expectations, followed by Manufacturing, Healthcare and Life Sciences.
The Hudson report indicates companies in Singapore receive demands for higher salaries than they are willing to pay "often or very often".
This is higher than that in Hong Kong, Japan and China.
The report's authors said the demand for much higher salaries is partly driven by the fact that the candidates are bilingual and have the option of working in Hong Kong or China.
The authors of the report caution that a gap in supply and demand exists in the job market, and employers are overconfident about filling their ranks on their own terms with the right employees.
Mark Sparrow, Singapore Country Manager, Hudson, said: "I think that is going to become acutely more difficult, moving on from now, unless there are pools of talent that can come into Singapore very easily and probably en masse."
He is confident that top brands will attract talent to Singapore, so companies need to look beyond the country's shores when hiring.
- CNA/so -
For all the "progress", "price increases in the name of better services" and "ministerial salary increases to prevent corruption" ... I think soon all singapore sons and daughters are better off working overseas as someone's butler or maid. -
SembCorp Marine estimates losses of US$248m in forex dealings
Posted: 22 October 2007 2328 hrs
SINGAPORE : Sembcorp Marine could see losses of as much as US$248 million in foreign exchange dealings.
The company said it has sacked its Finance Director Wee Sing Guan, who was responsible for the unauthorised trades.
The trades were done on the account of Jurong Shipyard - one of its units.
Sembcorp Marine has appointed Drew & Napier and Ernst & Young to investigate the transactions.
In a statement on Monday, SembCorp Marine said it has received mark-to-market information on the foreign exchange transactions from the various banks.
It estimated that the losses could amount to US$165 million.
This is on top of the US$83 million which Jurong Shipyard had already paid to one of the banks before the unauthorised transactions were discovered.
Sembcorp Marine is the offshore and marine arm of SembCorp Industries.
Both counters were suspended from trading on Monday, ahead of the announcement. - CNA/ms
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No surprise. -
Singapore's Sept CPI down 0.3% from the previous month
Posted: 23 October 2007 1320 hrs
SINGAPORE : Consumer prices in Singapore edged down 0.3 percent in September from the previous month.
The Department of Statistics says the change in the consumer price index (CPI) in the two months after July 2007 was similar to that in the months before.
This shows that there is no evidence so far of uptick in inflation for August and September after the one-off increase in the Goods and Services Tax (GST) rate in July.
The GST was increased to 7 percent from 5 percent on July 1st.
In September 2007, costs of transport & communication declined by 1.2 per cent as lower car prices and road tax more than offset dearer petrol.
Housing cost went down by 1.2 per cent due mainly to lower housing maintenance charges and cheaper household durables.
Reflecting cheaper ready-made garments and footwear, prices of clothing & footwear dipped by 0.9 per cent.
On the contrary, food prices increased by 0.4 per cent on account of dearer cooked food, fresh poultry, milk powder and fruits.
Compared with the same month a year ago, the consumer price index in September 2007 increased by 2.7 per cent. - CNA/ch
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Always show snap shot and always only publish the "good" news.
Never show trend or real analysis and debate. -
we already have enough experience, dont tekan us any moreOriginally posted by Gazelle:This is not end of the world, just part and parcel of economic cycle. Just take it as a new experience in life. -
you are con by them, u still dont believe they suck our money, u are the odd one here, go to hell youOriginally posted by Gazelle:Stop talking cock lah...your grandfather has a flour factory in Singapore isit? -
It is of little wonder many locals went to JB, Malaysia to buy grocery.Originally posted by mistyblue:Singapore's Sept CPI down 0.3% from the previous month
Posted: 23 October 2007 1320 hrs
SINGAPORE : Consumer prices in Singapore edged down 0.3 percent in September from the previous month.
The Department of Statistics says the change in the consumer price index (CPI) in the two months after July 2007 was similar to that in the months before.
This shows that there is no evidence so far of uptick in inflation for August and September after the one-off increase in the Goods and Services Tax (GST) rate in July.
The GST was increased to 7 percent from 5 percent on July 1st.
In September 2007, costs of transport & communication declined by 1.2 per cent as lower car prices and road tax more than offset dearer petrol.
Housing cost went down by 1.2 per cent due mainly to lower housing maintenance charges and cheaper household durables.
Reflecting cheaper ready-made garments and footwear, prices of clothing & footwear dipped by 0.9 per cent.
On the contrary, food prices increased by 0.4 per cent on account of dearer cooked food, fresh poultry, milk powder and fruits.
Compared with the same month a year ago, the consumer price index in September 2007 increased by 2.7 per cent. - CNA/ch
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Always show snap shot and always only publish the "good" news.
Never show trend or real analysis and debate. -
We are talking about inflation by friend, not national services leh...you say you have experience enough, may I know experience in what? bull shi.ting yourself that government is always at fault?Originally posted by t_a_s:we already have enough experience, dont tekan us any more -
How can they con me to believe that inflation is a global problem??Originally posted by t_a_s:you are con by them, u still dont believe they suck our money, u are the odd one here, go to hell you
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Maybe u should try to go JB buy grocery. 2 HL milk cost RM7.40.Originally posted by t_a_s:we already have enough experience, dont tekan us any more -
Whoa so expensive ah ?Originally posted by will4:Maybe u should try to go JB buy grocery. 2 HL milk cost RM7.40. -
The prices of oil has went down again.
http://news.yahoo.com/s/ap/20071023/ap_on_bi_ge/oil_prices;_ylt=Amz3yEbQrKPmgb85aH8s_ems0NUE -
In here, 2 HL milk the same brand cost $5.25.Originally posted by kramnave:Whoa so expensive ah ?
$1= RM2.30. -
I think Milk is subsidized by Malaysian government, thats why it is cheap.Originally posted by will4:Maybe u should try to go JB buy grocery. 2 HL milk cost RM7.40. -
I mean in Malaysian terms....its cheap only because we convert to Sing$$...