Another scam to absorb Singaporean money

last SG · 2007-10-19T13:27:06+00:00

Originally posted by Gazelle: Atobe, there was never a false challenge, there are only false accusations and BS by you and your fellowsheep. All I did was t...

will4 SG

If u think this is not a scam tell us why u think the soon to be implemented prepayment is better than the present system or vice versa? Cool

Gazelle SG

Imagine we now have 4 power stations, A, B, C and D. A is now providing electricity to North, while B to South, C to East and D to West. If our government's objective is privatised everything and allow every household to be able to choose and buy electricity from any of the 4 power stations.

How would that be possible?

These are my guess.

a) Option 1
A, B, C, and D, will have to lay down new cable network physically to connect themselves to every household island wide. that means, we will have 4 meters, 4 sets of wiring etc at every household.

b) Option 2
To continue with existing infrastucture, but allow A. B. C and D. cross supply and sell to one another territory and control the billing at consumer end.

Personally I think option 2 is what our government is looking for and it does make sense to require the consumer to pay as you use as not power station would want to be liable for one another customers.

Please dont quote me hor, I am just guessing.

stupidissmart SG

Excuse me, please check to be sure that Temasek was and is NEVER considered a Statutory Board.

Ok, then it will be under the Interest and investment income and it account for 8 billion dollars. In the temesek report, they also stated an annual dividend of 7% to the sole shareholder which is ministry of fiance

You should place a call to UOB Public Relations Director, and he will be able to give you a full run down as how as a Bank Customer you will benefit when UOB makes extra-ordinary profit.

Is it possible for u to tell me directly ? Wat is the difference compared with DBS ?

This matter was raised to highlight the possibility of this proposed scam going the same way of the ERP, which was introduced with alot of sweet deals to gain wide acceptance, and after wide usage - modification to the basic ground rules pertaining to charges and rates will begin to kick in to recover the entire capital cost invested as well as to make runaway profit from a captive market that has no choice.

Everybody knew the gov made money from ERP. However again it is part of the budget and is used for singapore expenditure.

Where is the supposed choices for those who prefer to pay by the old method ?

U just do nothing and u will still be in the old scheme. u have a choice

Leave it in banks and the profits will result in the banks ability to pay higher interests on our bank accounts.

Leave it to the Government, and they will pay another Thaksin for another useless shell of a hollow Shin Corp.

Interest is mainly set by the gov if I am not wrong.

Shincorp is considered a commercial success

Is the answer not obvious - as to why should the government be given the chance to earn more money from the Citizens ?

The thing is the money is gonna be earn by a party, the private institute or the gov. I prefer the gov

Has there been any benefits to Singaporeans - directly or indirectly - when the Government, GIC and Temasek Holdings make surplusses every year ?

Yes. they pay back by dividend

Even with all the annual surplus, Singaporeans are made to pay an additional 2% increase in GST, higher hospital fees, education fees, transport fares, utilities, since the 2006 Election.

I find the increase in tax dissappointing too. But it is another topic altogether

For every refund paid to Singapore for excess tax monies collected, Singaporeans are made to pay twice as much through all kinds of fee and rates increases - as seen in the spate of price increases soon after the 2006 Elections.

The gov always tax the people to support organistion like police, army, research, education etc. Everywhere it is the same

Gazelle SG

Will4, still waiting for your comment leh... Laughing

will4 SG

What I see in Atobe is that he managed to said thing which make sense especially with regards to Mynmar n Shin Corp. Come to think of it, is it not

a disaster for Temasek to make losses on Shin Corp? By the way, Mynmar thing has not blown over n there are people demonstrating in front of the Spore high comission in Malaysia. Whoops. Speaking about investment in Burma, losses incurred again. Haiz.

will4 SG

Atobe, what do u think of Spore's reputation in Burma is like? It seemed that only Spore embassy in KL is being targetted by Burmese demonstrator?

Gazelle SG

go on lah..there is alot more things he talk about leh...what about the ERP card reader? Bank reward programe? and big corporation are all going to start their own banks?? hahaha...speechless? Mr. Green

will4 SG

Atobe, 3 years is simply a transitional period, and why do you need extra ERP Card Reader when all new cars are equip with one? To install you your bicycle?

When these ERP cards are installed on new cars, the machine n cost of installation has already been factored into selling price of the car,how come

the first three years is free of charge n later need to be paid? If they want to charge it, they should charge it upfront, not free on the first three years n later need to be paid. I assumed during the first three years of free trial of ERP, the govt could have incurred charges of gibing it free to the people.
How much is one ERP card reader?

reyes SG

it will only be cheaper is we have access to the pricing of the 5-6 energy operators and the pricing is easy to understand and interpret by normal citizens without needing a degree in mathematics to understand it.

easier for singaporeans, not really. as more time will be spent by singaporeans to find out who is cheaper and i bet in most cases, most of us dont really understand how it works.

i seriously question the motive of the EMA or the ruling party whether they truely take care the well being of singaporeans or like more forumers mention just another scam for them to make more money from the already drain average singaporeans!!!

will4 SG

The govt is wanting to make the energy industry like Singtel, M1 n Starhub.
Anyway M1's shares has been bought by Khazanah, Malaysian investment

arm agency. Very Happy

reyes SG

it make me link to when the CPF tries to privatise the HDB housing loan market to the private banks.
in the foreseeable future where energy prices will most probably remain at high level, i dont see how these company can offer the better prices. worse still more isses we need to know.
1.if we quit SP power, can we rejoin again when it pricing become cheaper than the rest?
2.does these 5 company need to apply to EMA for any prices increment?
3. any termination charges?
haiz.... just more stress to the already stress singaporeans!

Gazelle SG

When singapore telco industry was privatized, our phone rate do come down isnt it? competition is good but we need to ensure it will not turn into some oligopoly or something,.

will4 SG

Singtel price still expensive compared to Starhub. I believe competition is gd.

Gazelle SG

depends what you are comparing...I think singtel have been quite aggressive with their broadband...competition is not just about pricing, also quality of products and services.

Atobe SG

How brilliantly clean after a short release of filth in having your tongue slipped out of your mouth ?

I was wondering if you will lose control of a tongue that has been held tight from spewing sexually insulting words for more then 40 over hours.

Your post is typical for your effort to blurr the picture with superficial thinking and total acceptance of the present actions of the MIW Government without any further critical thought.

Yet you spend so much effort to deride the honest opinions of everyone who has been able to expose the nonsense of the MIW Government in many of their policies that contradict their other statements.

How often have we heard in the past from this MIW Government claims that Singapore is simply too small a territory to provide any substantial critical mass for more then one company to exist to provide any reasonable competition for most major essential services.

This statement justified the MIW Government to amalgamate the earlier private bus companies that operate more then 14 different services that provided direct connections to the most remote corners of Singapore.

Almost 10 years later, from a single Singapore Bus Services Company that replaced all private companies, the Government decided to have competition again by allowing the entry of new bus companies - ALL GOVERNMENT OWNED in one form or another in CSS and Transit-link, and now the SMRT.

The same was said of the Telcos, which saw SingTel being dismantled after more then two decades of monopolistic practises, facing the introduction of M-1 and then Starhubs - with Temasek holding major interests in all three telcos.

Surprisingly, even as new services and prices tumbled from the very high monopolistic prices imposed by SingTel that had created a bloated treasury in SingTel, the prices remained as high when compared to the rates in neighboring countries like Malaysia where at least some real private enterprise exist in the telco sector.

International calls made from Digi Malaysia to Vietnam, Europe and to the USA - are cheaper by more then 80% then the charges by all three Singapore Government Linked Telcos.

Electricity Supply has always been a strategic service that the Singapore Government had claimed the need for total control. It came as a surprise when it suddenly announced its efforts at privatisation in creating new private companies.

Unfortunately, the privatisation scam was merely an exercise to distance itself from accusations of being directly responsible for increasing fluctuations in rate increases in response to whatever market forces.

Since their creation have Singaporeans seen those four companies providing lower electricity rates ?

How can this happen when Electric Rates are pegged to the fluctuation of the oil prices that are beyond the control of even the MIW Government ?

By splitting into four separate companies - are we not burden with four sets of separate replication of infrastructural costs of management, work force and equipment ?

Have these new companies achieve any new operating efficiencies when their economies of scale has been compromised ?

If at all, the constant creation of new companies to replace existing Government Statutory Boards is merely to create new opportunities for the massive size of retiring loyal MIW cronies and hard working Civil Servants to ''retire'' from public service, with high paying jobs as senior executives in these new corporations in the ''Private Sector'' - all paid for by the pockets of Singaporeans.

Take a peek at the web of Government Owned Companies in the Privatisation Effort of this MIW Government, and you can see the heads of all these Private Corporation are loyalists of the MIW clones.

With such a burden of MIW clones managing a growiing web of Government owned ''Private Companies'' to provide the same services previously provided by Statutory Boards - do we need to understand further the cause of such high cost of essential services that affect the Cost of Living in Singapore ?

Gazelle SG

Atobe, do you have a problem of people interrupting you half way through the converation? Reason for asking is that you write alot, but most things you said of out of topic and not related to this thread. Laughing

Atobe SG

From one whom many consider to be the expert in de-railing any thread in this Speaker's Corner - should we be surprised for you to have nothing to respond with but divert the attention to something from your own fantasy ?

If this post is so much out of topic, you are most welcome to post your best shot at derailing what has been printed.

Why are you holding back ?

Gazelle SG

I thought you are de-railing yourself because the scam you are talking about in nothin but joke for you and your fellowsheep.

haha..I thought you are the one who started talking abuot banks rewards program, big corporation are all starting their banks, you talk aboug ERP cash card reader replacement cost. you talk aboue Singtel, SP services hot line etc. Mr. Green

slow down my friend. you are confusing yourself already.

Atobe SG

Originally posted by Gazelle:

I thought you are de-railing yourself because the scam you are talking about in nothin but joke for you and your fellowsheep.

haha..I thought you are the one who started talking abuot banks rewards program, big corporation are all starting their banks, you talk aboug ERP cash card reader replacement cost. you talk aboue Singtel, SP services hot line etc.

slow down my friend. you are confusing yourself already.

Yes, perhaps I should slow down to allow you to catch up, since you seem to be lagging behind and believing in your mind that I am confused.

Have you proven yourself as an abled thinker in this Speaker's Corner, or are you not already recognised as an expert in sniffing at crap from used panties - which came about from your own proud announcement in sgForums ?

Did you forget about your statement that there are corporations more profitable than banks ?

Did you conveniently forget to post the names of those corporations ?

For a crap sniffer that believe you can think, can you even learn how to read and interprete accurately - without quoting out of context ?

It looks like your crap sniffing has slowed you down so much that you are lagging behind in your reading ability, and deluding yourself from reading accurately.

Have you been visiting your friend's home again, and indulged in sniffing at the sister's used panties again ?

It must have been the crap in those panties that have caused you to be in a constant daze in quoting out of context, and deluding yourself to have won countless imaginery victories in this thread.

Keep sniffing at the crap in the panties, as it seems to have stopped you from sexually abusing yourself in this thread; or have you simply converted into being a good sheep that responded to a patient guiding hand ?

EarlNeo SG

The answer to that is rather simple. Coz in other bigger country, there is a lot of electric and gas company. They sell gas and electric and charge on a quarterly basis. If you don;t like the plan or scheme of one, you can alway go to another. However there is only about 5max such big company in most cases. I can go into detail about how they do it but i won't. Just google it and u will find out the detail.

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