Electricity bills up 21%
-
...all said and done, silliporeans deserve it... for closing a blind eye when the dishonorable despots persecute dissidents and opposition... you choose evil, you get your just desserts.
You support evil, the curse falls on you as well.
-
Originally posted by angel7030:
yalor, then hor, i thot our power supply is already very good, no blackout like last time, what is he talking about improving...use solar power??
not really, i endured at least 3-4 black outs in my younger days in mid twenties now and i just got hit by a blackout last year or the year before. -
Originally posted by AndrewPKYap:
...all said and done, silliporeans deserve it... for closing a blind eye when the dishonorable despots persecute dissidents and opposition... you choose evil, you get your just desserts.
You support evil, the curse falls on you as well.
we didn't turn a blind eye, we just don't have good alternate choices. -
- It rakes in a net profit of S$1,183 million dollars, an increase of S$116.3 million dollars from last year’s S$1,066.7
- A total sum of S$151 million dollars is paid out as dividends to minority holders, an increase of S$40 million dollars from last year’s S$111 million dollars.
Quite a lot. They are going to have fat bonus this year while the rest of Singaporeans is in recessions.
Happy New Year and Merry Christmas for them this coming year while people save & save, and still not enough.
-
Originally posted by oldbreadstinks:
we didn't turn a blind eye, we just don't have good alternate choices....what an idiot, the reason singapore have no choices is because the people turned a blind eye to the persecution instead of condemning and cursing the persecutors.
-
- A total sum of S$151 million dollars is paid out as dividends to minority holders, an increase of S$40 million dollars from last year’s S$111 million dollars.
Quite a lot. They are going to have fat bonus this year while the rest of Singaporeans is in recessions.
Happy New Year and Merry Christmas for them this coming year while people save & save, and still not enough.
most of this dividends have actually gone to the foreign financial instituition and temasek holdings.
isnt it the same rule that PAP practice? that is punish the majority average singaporeans to benefits the rich.
-
Originally posted by reyes:
most of this dividends have actually gone to the foreign financial instituition and temasek holdings.
isnt it the same rule that PAP practice? that is punish the majority average singaporeans to benefits the rich.
Hike Fuhrer!The laws of capitalism is simple, For without the majority poors, how can there be minority Rich.
-
Sigh....abit scared to look at my electricity bills.
Have cut down on TV,PC & Aircon, yet still didnt save much.
Is it my method of saving wrong?
-
Originally posted by dotaro:
Sigh....abit scared to look at my electricity bills.
Have cut down on TV,PC & Aircon, yet still didnt save much.
Is it my method of saving wrong?
yes
watch tv at nearby coffee shops
use PC at the libraries
enjoy aircon at the nearest shopping centre
and at home, use candles instead of your electric powered lights.
-
We live in such a great city, yet on the inside, heartlanders are living a stone aged life.... arrrhhhh the irony...
-
Originally posted by whiskers:
We live in such a great city, yet on the inside, heartlanders are living a stone aged life.... arrrhhhh the irony...
Very nice packaging, that's marketing, but Singapore is 好看�好�。(good to see, not good to eat)
-
Interesting news i saw on today's newspapers...... haiz
-
Tax, tax, tax.
Hike, hike, hike.
-
Originally posted by NekoRin:
Interesting news i saw on today's newspapers...... haiz
Finally a new way to increase electricity bills. That is not affected by oil price. What can I say? Those guys who vote for them, now we all have to pay the heavy price.
-
Originally posted by sunnytv:
Finally a new way to increase electricity bills. That is not affected by oil price. What can I say? Those guys who vote for them, now we all have to pay the heavy price.
Hello, people who vote for PAP should congratulate themselves and be happy about the price hikes. PUt up an ad in the national papers to thank them for the hike, ha ha ha
-
Originally posted by sunnytv:
- It rakes in a net profit of S$1,183 million dollars, an increase of S$116.3 million dollars from last year’s S$1,066.7
- A total sum of S$151 million dollars is paid out as dividends to minority holders, an increase of S$40 million dollars from last year’s S$111 million dollars.
Quite a lot. They are going to have fat bonus this year while the rest of Singaporeans is in recessions.
Happy New Year and Merry Christmas for them this coming year while people save & save, and still not enough.
quite often we read about how they the GLC particularly the transport monopolies,trying to justify their price increases on the front page then you have it on another page about a new overseas investment.'makan orang' or wat ?
the relevant authorities should stop paying lip service to free competition.
-
Originally posted by sunnytv:
Finally a new way to increase electricity bills. That is not affected by oil price. What can I say? Those guys who vote for them, now we all have to pay the heavy price.
new way meh? we already have so many forms of tax.
-
http://singaporemind.blogspot.com/2008/11/why-it-is-hard-for-pap-govt-to-do-right.html
Why it is hard for the PAP govt to do the right thing...
Another day another explanation for the 21% increase in electricity tariffs. Recent explanation gets interesting - the $1B profits last year is due to one-off asset sales, SP Power does not benefit from the price hikes and Singapore is already very efficient in generating power so our consumers are getting the best possible deal etc. The thing is Singapore Power did not make $1B only last year it made this amount the year before and even more the year before that[Link]. As for efficiency, some Singaporeans are asking if we are so efficient, why are the paying 2nd highest tariffs in the world and 82% more than Hong Kong. Why did Singapore Power use the billions to buy those Aussie assets instead of returning it to consumers? They are very good at explaining things to citizens so maybe next week the govt can generate a new explanation for all this.
Everytime Singaporeans stand up and ask the govt to do the right thing usually all we get is an explanation why the govt cannot do it. Hold back GST hike - cannot....but after all the explanation to us why it was so critical to accept the pain of GST hike, we had the horror of finding out that the govt had a surplus of $6.4B straight out of our pockets. Now people are asking if the govt can undo the painful GST hike given the recession is biting hard. I'm sure the govt has a good explanation why it cannot. Along the way to this 2008 financial crisis and recession we have received a number of explanations why the public transport fare has to be hiked - oil price increase, improvement of service quality, rising costs. Well the oil price has collapsed and did anyone see improvement in service quality?...Its more like people are getting used suffocating sardine cans which we call buses. Reduce fares due to fall in oil price? I'm sure the govt has a good explanation why that cannot be done.
Given we have a govt that is so good at explaining why it has to do what it does, it is only right that I reciprocate by giving an explanation why the PAP govt finds it hard to do the right thing. ...hmm where do I begin? There was a time when Singapore paid its ministers only $10,000 a month and Singapore didn't sink. Why? Those days the job of the minister was simple - he looked at the needs of the people and does what was best for them in the long run. All policy decisions were simple and optimised to best serve the people of Singapore. Today our ministers are paid $150-$200K a month. Why? The job of the govt is a lot more complex now. The PAP govt has links and stakes in a huge conglomerate of GLCs and decision making is no longer so simple. Singapore is now Singapore Inc - the interests of the PAP govt is now diversified. When the minibond fiasco erupted, the job of the Hong Kong govt was very simple - they stood firmly on the side of the people, spoke to them first to find out what they needed, threaten to sanction the banks for wrong doing and recently promised to provide unlimited sums to pursue legal action against the bank. Things are not so simple in Singapore - DBS bank for example is part of the PAP govt financial eco-system so MAS had to discuss with them first before listening to Singaporeans on the way forward to resolve the matter. Our transport ministry probably has more meetings with our transport monopolies than ordinary citizens to understand their financial concerns....hmm incidentally SMRT has increased its profits again for the latest quarter.
.
Next time the PAP govt does something that you think is not right please be more understanding. Things are a lot more complex behind the scenes and unlike many other govts the PAP govt cannot simply do what is best for you. -
-
Time to get rid of PAP.
Sick of them.
Change that Singapore needs.
-
If they really dare to snap election now...Remember this people....
"
12/11/08
Oil prices fell to near a 20-month low of $60 a barrel Tuesday as hopes waned that a huge Chinese spending plan will do much to avert a prolonged slowdown in the global economy.
"
The current tariff is pegged at $150/barrel... -
If your monthly electricity bill is $100 prior to the 21% increase, you will still be levied a 7% GST that result in a monthly total of $107.
Now with the 21% increase being implemented, the monthly bill will be $121 PLUS the 7% GST - resulting in an increased monthly bill to $129.47.
Assuming a population of 3 million Singaporeans form households of four persons, this will result in 750,000 households.
The additional revenue from the 21% increase in Electricity Charges will result in the 750,000 households paying an extra $21 per month - which totals $15,750,000.
Before the 21% increase, the 7% GST collection from 750,000 households is 750,000 x $7 - resulting in GST total of $5,250,000 per month.
After the 21% increase, the GST collection from 750,000 households is 750,000 x $8.47 - which totals $6,352,500 that amount to a monthly addition of $1,102,500 into the GST box.
At the flick of the pen, this Government has increased its monthly revenue to a remarkable total of $16,852,500.00 - which only represent the sum collected from the 21% increase and the 7% GST levy.
In one year, the Government would have collected $202,230,000.
We are looking at Year 2008 as a base, while Senoko Power Station was developed in 3 stages between 1976 to 1983 at a total cost of $1.2 billion; and upgraded in 1990-91 at a total cost of $300 million.
If the monthly electricity is assumed at an average of $100 per household since 1976(with no GST), the annual revenue to the Government will be 750,000 x $100 x 12 months - resulting in Annual Gross Revenue of $900,000,000.
From 1978 till 2008 - (when Senoko was sold), the Government would have collected over a period of 30 years : $900,000,000 x 30 years : a Gross Sum of $27 Billion.
It is quite obvious that the initial infrastructure cost of the Power Stations have been covered more then ten times over during its life time before Temasek sold off these units to foreigners.
Where is the money that Temasek when operating the Power Stations and selling the generated electricity to Singapore households since 1978 ?
Where is the money collected from the sale of the Power Stations when these were already paid for by the Government from Tax Payers' monies ?
The humongous amount of revenue collected by Temasek Holdings ownership of these power stations would have been better used to uplift the quality of life for our Young as well as those over 65 years.
Unfortunately, the profits generated from the Citizens hard earned monies - toiled from sweat, blood and tears - have seen the Ministers and the Ruling Clique paying themselves more, while ensuring that the Citizens accept low wage increases, or even fixed pay on short term employment contracts.
