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Found 9 results

  1. Households to see average rise of about 22% in electricity bills from Oct By Channel NewsAsia | Posted: 29 September 2008 1035 hrs SINGAPORE: Higher oil prices have pushed up electricity prices for this quarter by about a fifth. SP Services said on Monday households will see an average increase of 21.46 per cent in electricity bills, when average electricity tariffs go up by 5.38 cents per kilowatt-hour. On average, all SP Services customers will face a 21.89 per cent increase. For the period from October 1 to December 31, tariffs have been pegged to a higher "forward fuel oil price" of S$155.14 per barrel. This price is 38.06 per cent higher than the S$112.35 per barrel in this current quarter. The electricity tariff is reviewed quarterly and adjusted in line with fluctuations in the cost of electricity, and approved by the Energy Market Authority. At a news conference on Monday, the Authority's chief executive Khoo Chin Hean said that the increase is the highest so far this year. So much so for the increase by the gov on the U-Rebate thing...LPPL...as mentioned tariffs have been pegged to a higher "forward fuel oil price" of S$155.14 per barrel." what if the oil price drop during this period, r they going to refund us??? KNN trying to recoup the URebate through forecast oil price, might as well become a fortune teller...
  2. Only median income households in 25 largest US cities can afford a new car. http://www.autoblog.com/2013/03/03/househo...rage-new-car-p/ To quote "The rule states that a buyer should be able to offer a down payment of at least 20 percent, incur financing for no more than four years and endure a principal, interest and insurance totaling up to no more than 10 percent of household income. " Where does applying that rule on Singaporean households put us?
  3. Rising property prices boost Singapore households' wealth Rising property prices have boosted Singapore's households to their wealthiest, according to a report released by the Monetary Authority of Singapore (MAS). Household wealth stood at a record high of $1.471 trillion in the three months leading up to September. This is an increase of 8.6 per cent from $1.354 trillion in the same period last year. Property made up approximately 50.2 per cent of household assets. Cash, Central Provident Fund balances, insurance and stocks and shares made up the other half. Companies and banks also showed good profits, with a strong base of funding and healthy balance sheets. However, not everything's in the pink of health for Singapore. The global economy and financial system are at their most fragile state since the global economic crisis of 2007, warned the MAS. MAS said that financial stability risks increased significantly in the second half of the year. In its annual report, it also highlighted key risks facing Singapore. These include a protracted global economic slowdown, financial contagion and pressures in the property market. A protracted global slowdown could weigh on the domestic economy, cause corporate earnings to fall, with knock-on effects on employment and wage growth, warned MAS. It also said that external shocks and financial contagion could trigger funding stresses and cause financial institutions to reprice risks. This could, in turn, lead to higher borrowing costs and curtail lending, especially in foreign currencies. While cooling measures have been implemented by the government, there is also a need to be cautious and vigilant about the property market. MAS is monitoring developments closely and stands ready to address such concerns. It said that Singapore's economy and financial system have been resilient, and that Singapore's financial sector had negligible exposures to the peripheral euro zone countries. MAS expects Singapore's economy to grow below its 3 per cent to 5 per cent potential in 2012, after expanding by about 5 per cent this year. http://business.asiaone.com/Business/News/...118-311363.html Hey all you Richie Rich! 50% of wealth in a property wor................
  4. http://www.channelnewsasia.com/stories/sin...1110600/1/.html
  5. TOWN gas tariff for households will go up by 2.2 per cent from Feb 1 due to higher cost of gas production. The new rate will raise tariff to 18.92 cents per kilowatt hour (kWh), adding about 36 cents more to the average monthly town gas bill for households, said City Gas Pte Ltd, the supplier, on Thursday. In a statement, City Gas said: 'Gas tariffs are reviewed quarterly and adjusted in line with changes in the cost of feedstock for gas production, which in turn is pegged to the price of high sulphur fuel oil. 'The tariff increase in the coming quarter is due to higher HSFO prices over the last three months.' The increase in gas tariffs has been approved by the industry regulator, the Energy Market Authority.
  6. Some interesting FACT. What does it mean? PR own HDB equivalent to 2 Bukit Panjang or Pasir Ris town... That WHY so crowded!!!!!! As at 30 Jun 2009, there were about 533,000 PRs in Singapore, making up 14.3% of Singapore's total resident population. PR households own a total of 42,800 HDB flats as at 30 Jun 2009. This constitutes slightly under 5% (4.9%) of all HDB households. PR households are found in all HDB towns/estates. HDB has increased the BTO supply to 5,000 flats in the last quarter of this year. If we include the recent Sale of Balance Flats (Oct 09), HDB will offer over 7,000 flats in 3 months, and a total of 13,500 flats in 2009. This is about half the number of flats in Bukit Panjang or Pasir Ris town. At this rate, HDB would have offered enough flats to fill another Bukit Panjang or Pasir Ris in just two years.
  7. SINGAPORE : For the quarter starting in October, electricity tariffs for households will go up by 12.5 per cent or 2.41 cents to 21.69 cents per kilowatt-hour. SP Services said the increase is due largely to significantly higher fuel oil prices over the last three months, which increased by around 21 per cent to S$92.03 per barrel. It added that this brings the fuel oil price to around the level in the first quarter of this year. This is the second quarter tariffs have gone up, after they dipped in the first two quarters of this year. In July, tariffs went up by 7 per cent. Starting from July, the Energy Market Authority used a new formula of calculating tariffs, which takes an average price from the three months in the previous quarter, instead of the first month of the previous quarter. - CNA Due to F1?
  8. SINGAPORE is well on its way to becoming a wired nation. Two years after iN2015 (Intelligent Nation 2015) masterplan was launched to harness the power of infocomm, 82.5 per cent of households here are now hooked up to broadband service. The target is to hit 90 per cent of households using broadband by 2015. There are now some 850,000 subscribers in Singapore who use wireless connectivity at more than 7,200 hot spots, in public places like cafes, food courts and the community clubs, under the Wireless@SG initiative. Users are each chalking up almost three hours every month on the network for a range of activities such as e-mailing, blogging and visiting social networking websites. These numbers were disclosed on Tuesday morning by Minister for Information, Communications and the Arts Lee Boon Yang, in his opening address at the opening of IMBX 2008, a mega high-tech trade show at Singapore Expo for infocomm professionals, government officials and business-seeking high-tech companies from around the world. Dr Lee said an entirely new ultra-high speed wired network is being planned and this will bring pervasive ultra high speed broadband connectivity to all homes, offices and institutions by 2015. The Infocomm Development Authority (IDA) is currently evaluating the formal bids from two consortia to build this Open Access and pervasive Next-Generation National Broadband Network (NGNBN) for Singapore, he said. The new broadband infrastructure is deemed as the technology bedrock underpinning Singapore's $4 billion IT masterplan or iN2015, that enable homes to surf the Net at speeds 30 times faster than today's. Dr Lee said having a pervasive national broadband network has become more important for most countries in terms of growing the economy, enhancing international competitiveness and enriching the lives of its citizens. This is evident in the rapid growth of broadband users in recent years. 'Broadband is what connects up people and what energises the Internet. It brings a new visual richness and multi-media experience to users,' he said. Singapore's infocomm sector registered a healthy revenue growth of 13.8 per cent to $51.68 billion in 2007. Export revenue accounted for 65 per cent of the revenue, with the top three destinations for Singapore infocomm exports being North Asia (including China), the Americas and Europe. Grid market hub Dr Lee also announced that Singapore is developing a grid market hub to offer on-demand computing services from the National Grid. The hub will offer services to anyone, anytime and anywhere on a pay-per-use basis. Individuals and SMEs can gain access to a range of productivity tools on a pay-per-use basis. Three newly-appointed National Grid Service Providers will be offering such cost-effective and affordable computing services to businesses and individuals by the end of the year, said Dr Lee. National authentication framework The Minister added that IDA will take the lead in developing a national authentication framework to create a trusted and conducive platform to access Next Gen Services. Dr Lee said to enable the growth of online services and encourage greater usage, the provision of a secure and trusted environment is most critical. IDA will issue a call to the industry in the second half of this year to develop a nation-wide authentication framework and will invest $20 million in this infocomm security initiative. Broadband will be Cheaper In Future