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Found 3 results

  1. Sway, want to go RWS and find out my front tyre completely FLAT, kena a screw! Luckily my place has tyre air pump, topup the air pressure went to Autobacs Bukit Bukit, tyre under their warranty. When I changed my tyre there, promissed that after sale services such up topup air pressure, tyre puncture, rotataion are free and prioity, and today happen to be a PH, packed with customers, becomes first come first serve, asked me to wait 3 hours just for a job that take 5secs to remove a screw and 1 min to topup gas. Damn s&^%Jt!!, drove back home. Want to check with some bros here, where can I find a workshop that can amend tyre today? Prefer West zone. thanks. Whay always kena this kind of problem during PH or Sunday, either battery flat or tyre puncture, why so "heng"??? Damn it!
  2. F1's governing body on Thursday admitted a "lack of clarity" in the rules led to the last-lap Monaco controversy. When the safety car returned to the pits on the final lap of Sunday's famous street race, Michael Schumacher passed Fernando Alonso and was subsequently handed a 20-second penalty by the stewards. Mercedes vowed to appeal the decision but ultimately decided not to proceed, with the FIA now admitting the incident "showed a lack of clarity in the application of the rule prohibiting overtaking behind the safety car". "Adjustments to the regulations are necessary", the Paris body explained in a statement. The problem of the flashing green lights and waving of green flags is also to be addressed, with the FIA vowing to ensure "that the signalling for teams and drivers is made more clear". Source: GMM
  3. S'pore to amend Constitution to draw more income from reserves By Ng Baoying, Channel NewsAsia | Posted: 15 September 2008 1756 hrs SINGAPORE: The government wants to increase the amount of income it can spend from investing Singapore's reserves. This requires an amendment to the Constitution, which was tabled in Parliament on Monday. Singapore's aging population means higher social spending in future. Coupled with plans to develop the country's capacity and overall competitiveness, it means government expenditure is going up. Part of this extra spending is being funded by the Goods and Services Tax, which was raised from 5 per cent to 7 per cent last July. But to preserve a competitive tax environment, the government has said that raising taxes is not the preferred option. So it is now looking at other ways, such as what it can use from the country's investment income. This follows studies on how large state funds in other countries operate. Currently, the government can spend up to 50 per cent of actual interest and dividend income gained from investing Singapore's reserves. This spending rule is meant to safeguard the country's reserves. The government now wants to expand the pool of investment returns to include capital gains and losses, while maintaining the 50 per cent spending cap. It will look at total returns on a long-term expected basis, over 15-20 years, to avoid inherent volatility of actual capital gains and losses. Inflation will also be taken in account. The proposed new framework will apply to assets managed by the Government of Singapore Investment Corporation (GIC) and those owned by the Monetary Authority of Singapore (MAS). Other assets, which include Temasek Holdings, will still use the existing formula. The idea of redefining the income that the government could spend from investing Singapore's reserves was first mentioned in Budget 2007 and again in Budget 2008. The Finance Minister is expected to elaborate further on this amendment later in the year. If the amendment to the Constitution is passed, the changes will take effect at the next Budget in 2009.
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