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http://www.channelnewsasia.com/stories/sin.../389292/1/.html one to be no.1 telco in singapore to bring iPok exclusively, organised many marketing and promo events, spend so much money on a overhype outdated technology mobilephone, starts to blame heavy subsidise on the phone etc etc...now kenna pok for the earnings... then organised F1 grid girls event, spend unnecessary money, damage viewers' eyes and causing lots of sleepless nights and nightmares....

AN ONGOING legal battle between a Buddhist temple and its former business partner has thrown light on the big pay cheques and business interests of its top monk. A court was told that the Venerable Meow Ee, 41, of the Leong Hwa Chan Si Temple in the Novena area, had been earning $100,000 a year in the last few years; his bumper year was 2001, when he took home $660,000. The monk and his family are also said to own several businesses and properties. He took the stand last Thursday in the suit filed by construction firm United Fiber System (UFS) in 2005 against the temple and other parties - Hok Mee Property, Hok Chung Construction and a Mr Kek Kim Hok - over a payment dispute. UFS is seeking, among other things, compensation for an unpaid $13.3 million loan to the partnership. Chinese daily Lianhe Zaobao reported that the Venerable Meow has stakes in four companies under the name Chia Eng Soon. Under cross-examination, he admitted setting up a company with his brother to help the temple sell covers for columbarium niches, but denied profiting from the business. Asked about his Mercedes-Benz, he denied indulging in life's finer things and said he bought the car while in his previous job as an army regular. The temple's dispute goes back to 1999, when UFS - then known as Poh Lian Holdings - financed a project with the temple and Hok Mee Property to build a columbarium. The construction company handed out advances of $15.6 million and stood as guarantor for a $24.8 million loan, but the debt repayments went unmade. Hearing resumes today.

Again, Singaporean only know how to kpkb when price increase but in the end they will just get used to it over time. Nothing change and hence these people can anyhow increase their price as and when they like and we still buy . I am not refering to taxi alone, many thing in our daily life increase but we will not make alternative plan even when it is increase. April 25, 2008 FOUR MONTHS AFTER FARE HIKE Cabbies' earnings up despite initial fears Ridership also up as commuters return to taking taxis By Maria Almenoar THE chorus of complaints that came from the taxi industry after fares were raised in December last year seems to have died down. Although some customers initially stayed away from taxis, there has been a turnaround, and with it fears that the earnings of cabbies would drop seem to have eased, according to surveys done by the country's two biggest taxi companies. ComfortDelgro, the largest taxi operator here with about 15,000 of the country's 24,000 taxis, saw a 16 per cent increase in takings for a cabby's full day of work. For a full-day shift, cabbies are earning $187.92, up from $162 before the fare revision, after deducting the cost of fuel and renting the cab. SMRT, which has about 3,000 cabs on the road, said cabbies saw a 20 per cent increase in gross income in the first quarter of this year, compared with the last quarter of last year. The data came from a survey of about 300 taxi drivers. In a bid to alleviate a taxi shortage and raise the drivers' earnings, the six taxi companies increased their starting metered fare from $2.50 to $2.80 in December. The meter was also adjusted to tick faster, with 20 cents charged for every 385m up to 10km travelled, instead of 10 cents for every 210m. However, commuters were most peeved by a revised peak-hour surcharge which was tweaked from a flat $2 to 35 per cent of the metered fare. The surcharge for picking up passengers in the city centre also went up from $1 to $3. After first avoiding taxis in favour of public transport, more commuters seem to be going back to them. The average daily ridership for taxis for January was 855,000 while February's went up to 934,000. Last year, the average daily ridership was 945,000. Said 55-year-old cabby Haniff Mahbob, who has been on the job for 20 years: 'After fares went up, we had few customers. But luckily the new fares offset our lost business. Now, business is definitely picking up. I'm sure more drivers have bigger smiles on their faces.' Call bookings are also on the rise this year, according to ComfortDelgro. The company will also soon offer a service which allows passengers to book a cab by sending an SMS message with their postal code and pick-up location. The Taxi Operators' Associations, which represents drivers' associations of five of the six taxi companies, said: 'The situation seems to have stabilised and improved, but we are still quite concerned that rising fuel cost may eat into our drivers' income.' Oil prices hit a record US$117.50 (S$160) a barrel this week. On average, taxi drivers on a full-day shift spend close to $40 on diesel and about $90 on cab rental.