The new Water and Carbon Tax

[Kb27]

i never heard kopi go up by 1 or 2 cents.....not even 5 cents! Minimum is 10 cts....

[BanCoe]

i never heard kopi go up by 1 or 2 cents.....not even 5 cents! Minimum is 10 cts....ððð. Much easier to count and who wants to receive their change in 1 cents or 5 cents.

Of course they will increase in increments of 10 cents ... 2 days back I went to Geylang Serai market and bought fruits and gave the shopkeeper whom told me that he don't want to accept 2 x5 cents coins and insisted I pay in 10cent coin

[Staff69]

cumming. ..folks


get your lube and condoms ready















to be fook beyond recognition  

 

 

Edited February 25, 2017 by Staff69

[RH1667]

20170225_121944.jpg

 

 

cumming. ..folks

 

 

get your lube and condoms ready

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

to be fook beyond recognition

[Volvobrick]

Is it true government ministries' budget increase 5% (after the 2% cap reduction) but the economy increases 2% and of course TH and GIC probably lose 18-19%, so the difference in takings can only come from increased carpark charges, car-chng carbon tax, diesel duties, ... and now water tariff increase?

 

According to PUB, the water usage is 430M gallons a day (1.62M cubic metre).  At current prices (assuming average $1.30 (plus 30% water conservation fee) per cubic metre), 30% increase will bring additional $300M a year!

 

Collecting $300M MORE a year to "teach us a lesson" about water being precious......

 

 

[clandestine]

This rule relaxed liao since 2005.

 

You can collect it but cannot use it for drinking and that you have to satisfy a whole list of requirements about its collection plus discharging it. But I doubt they will go around every household to check on that.

Since when even water from the sky belong to gahmen?

[Staff69]

Is it true government ministries' budget increase 5% (after the 2% cap reduction) but the economy increases 2% and of course TH and GIC probably lose 18-19%, so the difference in takings can only come from increased carpark charges, car-chng carbon tax, diesel duties, ... and now water tariff increase?

 

According to PUB, the water usage is 430M gallons a day (1.62M cubic metre).  At current prices (assuming average $1.30 (plus 30% water conservation fee) per cubic metre), 30% increase will bring additional $300M a year!

 

Collecting $300M MORE a year to "teach us a lesson" about water being precious......

 

the minister that came up with the idea will get 1% com =3,000,000  

 

no wonder patek always out of stock here  

 

 

 

 

[Mllcg]

The next survey / report will read increased water price and carbon tax and electricity price leads to higher operating cost for SMRT and SBS, than food stall, than everything else.

 

CCB PAP!

 

water and fuel cost up, everything else sure up one.. cannot siam

[Mustank]

Just now ch5 news, prof Ng said should increase water tax 50% or even 100% n one time immediate instead of over 2 years. Can't talk clearly ...old man

 

If I knew him, I would tell him stfu

http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/%5Bnews%5D-prof-ng-yew-kwang-says-should-raise-water-price-least-100%25-5573545.html

[Yewheng]

Electricity bills gonna increase soon. Just announced singapore power will up electronic bill due to carbon tax..

[Kopites]

Electricity bills gonna increase soon. Just announced singapore power will up electronic bill due to carbon tax..

Don't be worry. Your monthly conservancy fee will up in sync with SP bill, season parking(up two months ago). So everyone happy. Government happy.

[Hamburger]

I see similarities of this thread to the VW 7dsg.

 

People knows the inherent risk of being screwed but yet choose to do so.

 

Hence we see both threads emerged.

Edited February 25, 2017 by Hamburger

[BanCoe]

http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/%5Bnews%5D-prof-ng-yew-kwang-says-should-raise-water-price-least-100%25-5573545.html

At 74 he still want to earn govt $$!!!  , let other younger ones come in an take his job, lagi cheaper 

Damn kayu this gahment can employ Ah Pek like this

[Evillusion]

Of course they will increase in increments of 10 cents ... 2 days back I went to Geylang Serai market and bought fruits and gave the shopkeeper whom told me that he don't want to accept 2 x5 cents coins and insisted I pay in 10cent coin

sounds like selective profiteering.....

[Ktglfc]

20170225_121944.jpg

 

 

cumming. ..folks

 

 

get your lube and condoms ready

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

to be fook beyond recognition

 

 

1.1.jpg

Expected le lah .... whatever they increase on the companies, ultimately the increase will be passed through to consumers, and that's us :(

Garmen will say it's none of their business, cos the increase are from these companies ... win liao lor ...

We just ganna slap left and right ...

[Happily1986]

https://www.cnbc.com/amp/2017/02/23/singapore-carbon-tax-to-hit-shell-exxonmobil-margins-analyst.html

 

Oil majors Royal Dutch Shell and ExxonMobil could see a 10 to 15 percent hit to profit margins at their Singapore refineries when the city state imposes a carbon tax in 2019, one analyst told CNBC.

On Monday, Singapore announced its intention to introduce a carbon tax of between S$10 ($7.10) and S$20 ($14.10) per tonne of greenhouse gas emissions. That will impact 30 to 40 large direct emitters in the country, including power stations and refineries, the government said.

"Increase in cost from this carbon tax regulation could be between $0.40 and $0.70 per barrel coming from the refining sector. By 2019, we expect gross refinery margins to be $4 to $5 per barrel, so the profit margins could be impacted by 10 to 15 per cent," said Sushant Gupta, refining and chemicals research director at Wood Mackenzie.

 

The Southeast Asian city state is home to three oil refineries run by ExxonMobil, Shell and Singapore Refining Company. ExxonMobil and Shell both base their largest refineries globally in Singapore.

Gupta said the additional financial burden from the carbon tax will reduce the refineries' ability to compete, especially against other exporters in the region such as those in China, India and South Korea.

"Passing on these costs to products will be tough as those prices are set by international market… Reducing energy intensity of operations will be key to remain competitive," he added.

When asked by CNBC, both ExxonMobil and Shell said they agree on the need to address environmental concerns and have, in the past years, taken steps to reduce their carbon footprint.

However, they stressed the importance of maintaining competitiveness while doing so.

"We would emphasize the critical importance of a policy design which addresses strong economic growth and the competitiveness of Singapore companies in the international market place. It must ensure companies can compete effectively with others in the region who are not subject to the same levels of carbon dioxide costs," a Shell Singapore spokesperson said.

 

An ExxonMobil spokesman in the country said a uniform price of carbon applied consistently across the economy, such as a carbon tax, is a sensible approach to reduce emissions.

"We are committed to working together with the Singapore government on this important issue and finding the balance between addressing the risks posed by greenhouse gas emissions and ensuring Singapore remains a strong, internationally competitive economy, supported by an affordable energy supply," the spokesman added.

Singapore Refining Company could not be reached for comment.

Ravi Krishnaswamy, vice president for energy and environment at Frost & Sullivan Asia Pacific, told CNBC that while the competitiveness of certain sectors may be hit, Singapore's economy as a whole would not be severely impacted by the carbon tax.

Singapore ratified the Paris Agreement on climate change in September 2016, sealing its commitment to reduce emissions — even though it contributes just 0.11 percent of global greenhouse gases.

Finance Minister Heng Swee Keat, in his budget speech on Monday, said the government has started consultations with the industry and will seek views from the public next month.

[Evillusion]

Just as many changes to led lights and inverter technology to reduce their water and electricity bills they throw a spanner into the works! Great way of making money i would say.

[Mustank]

Just as many changes to led lights and inverter technology to reduce their water and electricity bills they throw a spanner into the works! Great way of making money i would say.

My friend change to inverter Aircon

Straightaway $100 drop in bill

https://www.cnbc.com/amp/2017/02/23/singapore-carbon-tax-to-hit-shell-exxonmobil-margins-analyst.html

 

Oil majors Royal Dutch Shell and ExxonMobil could see a 10 to 15 percent hit to profit margins at their Singapore refineries when the city state imposes a carbon tax in 2019, one analyst told CNBC.

On Monday, Singapore announced its intention to introduce a carbon tax of between S$10 ($7.10) and S$20 ($14.10) per tonne of greenhouse gas emissions. That will impact 30 to 40 large direct emitters in the country, including power stations and refineries, the government said.

"Increase in cost from this carbon tax regulation could be between $0.40 and $0.70 per barrel coming from the refining sector. By 2019, we expect gross refinery margins to be $4 to $5 per barrel, so the profit margins could be impacted by 10 to 15 per cent," said Sushant Gupta, refining and chemicals research director at Wood Mackenzie.

 

The Southeast Asian city state is home to three oil refineries run by ExxonMobil, Shell and Singapore Refining Company. ExxonMobil and Shell both base their largest refineries globally in Singapore.

Gupta said the additional financial burden from the carbon tax will reduce the refineries' ability to compete, especially against other exporters in the region such as those in China, India and South Korea.

"Passing on these costs to products will be tough as those prices are set by international market⦠Reducing energy intensity of operations will be key to remain competitive," he added.

When asked by CNBC, both ExxonMobil and Shell said they agree on the need to address environmental concerns and have, in the past years, taken steps to reduce their carbon footprint.

However, they stressed the importance of maintaining competitiveness while doing so.

"We would emphasize the critical importance of a policy design which addresses strong economic growth and the competitiveness of Singapore companies in the international market place. It must ensure companies can compete effectively with others in the region who are not subject to the same levels of carbon dioxide costs," a Shell Singapore spokesperson said.

 

An ExxonMobil spokesman in the country said a uniform price of carbon applied consistently across the economy, such as a carbon tax, is a sensible approach to reduce emissions.

"We are committed to working together with the Singapore government on this important issue and finding the balance between addressing the risks posed by greenhouse gas emissions and ensuring Singapore remains a strong, internationally competitive economy, supported by an affordable energy supply," the spokesman added.

Singapore Refining Company could not be reached for comment.

Ravi Krishnaswamy, vice president for energy and environment at Frost & Sullivan Asia Pacific, told CNBC that while the competitiveness of certain sectors may be hit, Singapore's economy as a whole would not be severely impacted by the carbon tax.

Singapore ratified the Paris Agreement on climate change in September 2016, sealing its commitment to reduce emissions â even though it contributes just 0.11 percent of global greenhouse gases.

Finance Minister Heng Swee Keat, in his budget speech on Monday, said the government has started consultations with the industry and will seek views from the public next month.

Have to seriously look into thermal solar already