ER-3682 Twincharged November 4, 2017 Share November 4, 2017 It seems like its not all green in China afterall.. News of petrochina entering a slump doesn't sound like a good news to all of us especially those who pumps SPC.. Waiting to see how hard its gonna hit SG.. Mods, dunno if this is the right thread to post in. Pardon me if its wrong and merge it to the right place if deem inappropriate here.tks. https://www.bloomberg.com/news/articles/2017-10-29/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight?cmpid=socialflow-facebook-asia&utm_content=asia&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social This type of News won't affect Motorists,only affect those Suppliers to them.. ↡ Advertisement Link to post Share on other sites More sharing options...
kdash Supersonic November 4, 2017 Share November 4, 2017 It seems like its not all green in China afterall.. News of petrochina entering a slump doesn't sound like a good news to all of us especially those who pumps SPC.. Waiting to see how hard its gonna hit SG.. Mods, dunno if this is the right thread to post in. Pardon me if its wrong and merge it to the right place if deem inappropriate here.tks. https://www.bloomberg.com/news/articles/2017-10-29/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight?cmpid=socialflow-facebook-asia&utm_content=asia&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social the cartel will use this to increase petrol prices all round... 1 Link to post Share on other sites More sharing options...
DACH Supersonic November 5, 2017 Share November 5, 2017 It seems like its not all green in China afterall.. News of petrochina entering a slump doesn't sound like a good news to all of us especially those who pumps SPC.. Waiting to see how hard its gonna hit SG.. Mods, dunno if this is the right thread to post in. Pardon me if its wrong and merge it to the right place if deem inappropriate here.tks. https://www.bloomberg.com/news/articles/2017-10-29/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight?cmpid=socialflow-facebook-asia&utm_content=asia&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social Don't know how the Chinese got is going to stomach these losses... Link to post Share on other sites More sharing options...
Victor68 Turbocharged November 5, 2017 Share November 5, 2017 Quote from link (2015) "Mr Tharman said he also had some good news for drivers: a one-year road tax rebate of 20 per cent for cars, 60 per cent for motorcycles and 100 per cent for the small number of commercial vehicles using petrol. The road tax rebate will offset about two-thirds of the impact of the petrol duty change on intermediate grade petrol for a typical car. The one-year road tax rebate will cost the Government $144 million." It is always such statement that Government wants us to know they are doing us a favor. It is like increase your rent but give you a free bedsheet but expect you to say thank you. Can Mr Tharman please don't introduce anything and keep things status quo? Once road tax is reduced, I am very worried what are going up next very soon. 1 Link to post Share on other sites More sharing options...
ER-3682 Twincharged November 5, 2017 Share November 5, 2017 Don't know how the Chinese got is going to stomach these losses... This type of "BIG" Business,all belongs to "Ah Gong" in China,why worry.? Link to post Share on other sites More sharing options...
Storm88 2nd Gear November 11, 2017 Share November 11, 2017 "Oil consultant Ong Eng Tong said: "Most of the oil majors would like to divest their petrol stations. First, it is not their priority, and second, (it is due to) the coming of electric vehicles in the not-too-distant future." this guy for real? Link to post Share on other sites More sharing options...
Kusje Supersonic November 12, 2017 Share November 12, 2017 (edited) Don't know how the Chinese got is going to stomach these losses... What losses? It's the investors that put in the money at the inflated valuation, not the Chinese govt. This type of "BIG" Business,all belongs to "Ah Gong" in China,why worry.?These few big companies were part of the Chinese govt at one pt one time (like our smrt). They just decided to split it out and make it a private company. We already flipped prata with smrt but let's see if it works for the Chinese. I suspect they won't do the same because they still have more control via crude import quotas and product export quotas. Edited November 12, 2017 by Kusje Link to post Share on other sites More sharing options...
Mustank Hypersonic November 12, 2017 Share November 12, 2017 And Mustank will be there selling his $1 coke by his Ford Raptor. SorryNow then I see this Link to post Share on other sites More sharing options...
Enye Hypersonic November 12, 2017 Share November 12, 2017 What losses? It's the investors that put in the money at the inflated valuation, not the Chinese govt. These few big companies were part of the Chinese govt at one pt one time (like our smrt). They just decided to split it out and make it a private company. We already flipped prata with smrt but let's see if it works for the Chinese. I suspect they won't do the same because they still have more control via crude import quotas and product export quotas. high flying insider... can explain your last statement very vague leh.... peasant cannot understand your point Link to post Share on other sites More sharing options...
DACH Supersonic November 12, 2017 Share November 12, 2017 What losses? It's the investors that put in the money at the inflated valuation, not the Chinese govt. These few big companies were part of the Chinese govt at one pt one time (like our smrt). They just decided to split it out and make it a private company. We already flipped prata with smrt but let's see if it works for the Chinese. I suspect they won't do the same because they still have more control via crude import quotas and product export quotas. If things go wrong, won't that affect the shareholders too, given that majority of the shareholders (more than 90%) belongs to the state? Link to post Share on other sites More sharing options...
Vinceng Turbocharged November 28, 2017 Share November 28, 2017 When will the Sinopec petrol station open for business? Look forward to lower pump prices. Link to post Share on other sites More sharing options...
Vinceng Turbocharged May 28, 2018 Share May 28, 2018 What happened to Sinopec? Was hoping they come on board soon to offer some respite to sky high petrol prices. Link to post Share on other sites More sharing options...
Kusje Supersonic May 28, 2018 Share May 28, 2018 high flying insider... can explain your last statement very vague leh.... peasant cannot understand your point Link to post Share on other sites More sharing options...
ER-3682 Twincharged May 28, 2018 Share May 28, 2018 What happened to Sinopec? Was hoping they come on board soon to offer some respite to sky high petrol prices. Now China got Capital Control,cannot export $$$ outside of China easily. Link to post Share on other sites More sharing options...
Enye Hypersonic May 28, 2018 Share May 28, 2018 Sifu.... I deliberately kept it vague cuz I didn't manage to google much about it. Was hoping you'd elaborate more on it for me but instead you start questioning me. Dun like that leh, expose me for what?expose what? i really don’t understand what you trying to say mah... peasant still learning btw those big chinese oil majors are no longer under central govt control har? Link to post Share on other sites More sharing options...
Kusje Supersonic May 28, 2018 Share May 28, 2018 expose what? i really donât understand what you trying to say mah... peasant still learning btw those big chinese oil majors are no longer under central govt control har? ð¬ Expose my ignorance lor. Sifu, which Chinese company is not under central govt control ah? Link to post Share on other sites More sharing options...
Stratovarius Turbocharged October 1, 2018 Share October 1, 2018 Saw a sinopec gas station along ys ave 1 towards the dam. Looks like ready for operation within a couple of months. Link to post Share on other sites More sharing options...
Mustank Hypersonic October 1, 2018 Share October 1, 2018 Siang hoh petrol $1, diesel 50c Whole of sg cramp into Yishun ↡ Advertisement Link to post Share on other sites More sharing options...
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