seems like the govt has no qualms of making obscene profits from
us
http://forums.delphiforums.com/sammyboymod/messages?msg=49971.1
>
> Coffee Shop Talk - PUB's water Profit margin= 47 TIMES
cost
> Subscribe
> From: QXP 09:45
> To: ALL 1 of 1
>
> 49971.1
>
> According to this forumer, KnyghtRyder, the PUB charges
the
consumer:
> depending on how much water you use per month you would either
be
> paying
>
> a) 147 cents/m^3 + 30% water conservation tax
> b) 170 cents/m^3 + 45% water conservation tax
>
> in his msg at this link:
>
>
http://forums.delphiforums.com/sammyboymod/messages?msg=49534.143
>
> The cost of treating the RAW water which Malaysia supplies us
is
only
> RM2.40 for every 1000 gallons.
>
> This works out to only 5.108 S'pore cents per cubic metre
which
the
> PUB then sells to S'pore consumers at the prices above.
>
> This shows that the PUB makes a PROFIT of over 36.4 TIMES the
cost
of
> treating the water if the rate is 147 + 30% water conservatin
tax;
> and
>
> 47.26 TIMES the cost if the rate is 170 + 45% water
conservation
tax;
> the PUB rates for the consumer being provided by you.
>
> It is no wonder that Ho Ching could claim that Temasek
Holdings
> compounded rate of returns on its investments over the last
30
years
> had been 18%.
>
> Given such a huge profit margin the PUB makes from ripping off
the
> public, it must mean that many of the other Temasek
Holdings
> investments must hv been generating very low returns and
most
likely,
> many hv been making losses.
