When ......

[Meecar]

time to buy spc shares

 

 

can't get it at 6.20 two days ago

 

stupid warren buffet must buy into bonds and allow market to swing up

[Guest Julio369]

come on, S'porean, we know you can afford the current petrol price, look! your average houshold income is $6830! don't ke ke KPKB hor.

 

i'm reading between the lines, why they reporting this suddenly???!!!

 

================================================================================

==

 

 

Household income last year grew at fastest pace in a decade

By Wong Siew Ying, Channel NewsAsia | Posted: 13 February 2008 2237 hrs

 

SINGAPORE: Singaporean households across all income groups earned more money last year, said the Department of Statistics (DOS).

 

In fact, its findings showed the average monthly household income rose by over 9 percent, the fastest rate of growth in 10 years. But the income gap between the rich and poor has also widened.

 

Singaporeans saw their wages go up in 2007 as a result of strong economic growth and a tight labour market.

 

The DOS said that average monthly income among resident households rose 9.6 per cent to S$6,280 last year, compared to S$5,730 in 2006.

 

Meanwhile, the average monthly income among households with at least one employed person grew 9.1 per cent to S$6,830.

 

After factoring inflation, all groups experienced real income growth of at least 3 per cent. In addition, the proportion of households in the higher income brackets also increased.

 

The findings also showed a widening income gap between the top and bottom earners.

 

For instance, those earning over S$20,000 a month saw wages climb by about 10.5 per cent on average, while the bottom 20 per cent who earn under S$2,220 a month, had increments of between 3.9 and 5 per cent.

 

Central Singapore CDC is concerned the widening income gap may compound problems faced by lower-income families.

 

Zainudin Nordin, Mayor of Central Singapore CDC, said: "What we are seeing at the moment - even for households with a family member earning income - we notice that they are beginning to feel the strain from the rising cost of living.

 

"So one of the concerns is how do we keep workers in the job; we are working towards making them more skilful by providing them with more training and making them more employable."

 

The widening income gap is made worse by higher-income households experiencing faster income growth than lower-income ones.

 

DOS findings showed the distribution of income per household member widened to 0.485, up from 0.472 in the previous year, in the largest disparity since year 2000.

 

But the DOS said this gap is mitigated by government benefits which are weighted in favour of the needy.

 

After adjusting for government benefits and taxes, the Gini coefficient - a measure of income inequality - was 0.46 in 2007, which was lower than the year before.

 

Going forward, analysts say the household income this year may not grow as strongly as it did in 2007. This is due to concerns about a possible recession in the US economy, rising inflation, as well as uncertainties caused by the sub-prime crisis.

 

David Cohen, director for Asian economic forecasting at Action Economics!, said: "The world economy is unlikely to grow quite as strongly as it did in 2007, and Singapore will likely face some spillover from that.

 

"The inflationary pressure from higher oil prices and food prices going up in recent months as well... might pinch the budgets of households and of course the lower-income households would feel more than the rest."

 

One way to tackle this challenge is to ensure there is economic growth and that Singapore continues to attract investments. - CNA/ir

[Ahyoo2002]

They tryto tell you, you can afford, why kpkb.

 

Just like the current inflation, I think those people starts to think today I increase $0.5, you can pay, next month I increase $0.5, you also can pay, so I increase, increase and increase.

 

Tamade, damn fed up with everything up. Just bought some hor fun yesterday and realiased it increase 50 cents again

[Ahyoo2002]

The worst is this one lah:

 

Chevron, which made US$18.7 billion last year and which markets the Caltex brand of fuels here, said it also monitors competitors' reactions to market forces before deciding to move prices. ExxonMobil, which made US$40.6 billion last year - the highest profit for any firm in history - echoed some of the reasons cited by its rivals.

 

WTF is the market force? Everyone is same price, where got market force?

[Maroon5]

unless crude oil go to US$85 level else i thk wont drop at all..

wat disgusts me is its getting harder to believe there is no cart*l behaviour....during the cny most chinese car owners will top up their car and yet all brands stuck to their guns with same price same discount??

[Maroon5]

yup the zi char place tat i usu go also up 50cents...

[Meecar]

IS taht with or without eggs

 

 

with eggs more expensive

[Ahyoo2002]

2nd time increase liao, from $3 to $3.5 to now $4, which is 33.33% increase.

 

I guess will swtich to other stall liao

[Ahyoo2002]

Same to me

[Subarur1]

SPC, which made $508 million last year, said: 'There is usually a lag between oil price movement and pump price adjustment

 

haha, then y when there is an increase in crude oil prices last night, tomorrow morning prices increase liao...

 

where got lag????

[Mzrmazda3]

come on, S'porean, we know you can afford the current petrol price, look! your average houshold income is $6830! don't ke ke KPKB hor.

 

i'm reading between the lines, why they reporting this suddenly???!!!

 

================================================================================

==

 

 

Household income last year grew at fastest pace in a decade

By Wong Siew Ying, Channel NewsAsia | Posted: 13 February 2008 2237 hrs

 

SINGAPORE: Singaporean households across all income groups earned more money last year, said the Department of Statistics (DOS).

 

In fact, its findings showed the average monthly household income rose by over 9 percent, the fastest rate of growth in 10 years. But the income gap between the rich and poor has also widened.

 

Singaporeans saw their wages go up in 2007 as a result of strong economic growth and a tight labour market.

 

The DOS said that average monthly income among resident households rose 9.6 per cent to S$6,280 last year, compared to S$5,730 in 2006.

 

Meanwhile, the average monthly income among households with at least one employed person grew 9.1 per cent to S$6,830.

 

After factoring inflation, all groups experienced real income growth of at least 3 per cent. In addition, the proportion of households in the higher income brackets also increased.

 

The findings also showed a widening income gap between the top and bottom earners.

 

For instance, those earning over S$20,000 a month saw wages climb by about 10.5 per cent on average, while the bottom 20 per cent who earn under S$2,220 a month, had increments of between 3.9 and 5 per cent.

 

Central Singapore CDC is concerned the widening income gap may compound problems faced by lower-income families.

 

Zainudin Nordin, Mayor of Central Singapore CDC, said: "What we are seeing at the moment - even for households with a family member earning income - we notice that they are beginning to feel the strain from the rising cost of living.

 

"So one of the concerns is how do we keep workers in the job; we are working towards making them more skilful by providing them with more training and making them more employable."

 

The widening income gap is made worse by higher-income households experiencing faster income growth than lower-income ones.

 

DOS findings showed the distribution of income per household member widened to 0.485, up from 0.472 in the previous year, in the largest disparity since year 2000.

 

But the DOS said this gap is mitigated by government benefits which are weighted in favour of the needy.

 

After adjusting for government benefits and taxes, the Gini coefficient - a measure of income inequality - was 0.46 in 2007, which was lower than the year before.

 

Going forward, analysts say the household income this year may not grow as strongly as it did in 2007. This is due to concerns about a possible recession in the US economy, rising inflation, as well as uncertainties caused by the sub-prime crisis.

 

David Cohen, director for Asian economic forecasting at Action Economics!, said: "The world economy is unlikely to grow quite as strongly as it did in 2007, and Singapore will likely face some spillover from that.

 

"The inflationary pressure from higher oil prices and food prices going up in recent months as well... might pinch the budgets of households and of course the lower-income households would feel more than the rest."

 

One way to tackle this challenge is to ensure there is economic growth and that Singapore continues to attract investments. - CNA/ir

 

How come my household don't have this S$ 6,280.00

 

Really Hao Xiao ...

[N00b]

The worst is this one lah:

 

Chevron, which made US$18.7 billion last year and which markets the Caltex brand of fuels here, said it also monitors competitors' reactions to market forces before deciding to move prices. ExxonMobil, which made US$40.6 billion last year - the highest profit for any firm in history - echoed some of the reasons cited by its rivals.

 

WTF is the market force? Everyone is same price, where got market force?

 

tis is a joke lah...when price increase, they no need c market force...juz quickly increase their own and "let other pple c their force"...when now drop liao..they say need to c other pple force

[N00b]

the lag is juz between dropping the price...when need to drop the lag suddenly bcum super long..dunno lag until when...when need to increase, all lags disappear and increase immediatly

[Porche]

must say these mah...then they will say, u increase our pay we help u keep your job plus more increment to your salary! our million dollar dream team

[Ahyoo2002]

While we are discussing here, oil is increasing:

 

Light Crude (NYM) March 08 ($US per bbl.) 94.45 +1.18

[Theobserver]

The pump companies combined profit is USD 90.8 Billion. Mind you...it is PROFIT

 

1 billion is 1000 million. If they just willing to make 10% less from 1 billion, imagine how much discount it would mean to us drivers ? This is insane, and we are also probably sponsoring the villas and luxury cars that the executives from the pump companies are having.

[Friendstar]

We have lost........... really

 

 

not even Prius can win this ever-lasting battle

[Nutty]

Come come everybody... bend down and get ready your arse to be screwed after Bar-Jerk 2008.

 

come on, S'porean, we know you can afford the current petrol price, look! your average houshold income is $6830! don't ke ke KPKB hor.

 

i'm reading between the lines, why they reporting this suddenly???!!!