Friday, May 5, 2023

REACH 452 -  What are your views on private vehicle ownership aspirations in Singapore? Are the current public transport infrastructure sufficient to encourage a car-lite society? 

(SK)

 05 May 2023 (10am - 7pm)


REACH

[9:45 am, 05/05/2023] +REACH: Dear Contributors,

Welcome back! 😊

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Thank you

Megan 😊

[9:59 am, 05/05/2023] +REACH: πŸ“’ Topic πŸ“’

Certificate of Entitlement (COE) premiums closed mostly lower on Thursday (May 4), the first bidding exercise under the new quota for the quarter. Motorcycle premiums closed at S$5,002 - a sharp drop from the S$12,179 in the last exercise.

The sharp fall brought the motorcycle COE price back to a level last seen in March 2020, when it was $4,489. It came after the Land Transport Authority (LTA) raised the bid deposit for motorcycle COEs from $800 to $1,500 from May, and required the COE to be used within a month instead of three months.

πŸ’¬ What are your views on private vehicle ownership aspirations in Singapore? Are the current public transport infrastructure sufficient to encourage a car-lite society? 

Other COE prices also ended mostly lower in the first tender under the new three-month quota period, which has fewer COEs in the two car categories.

The COE premium for smaller cars up to 1,600cc and 130bhp, as well as for electric vehicles (EVs) with up to 110 kilowatts of power, finished at $101,001, down 2.62 per cent from the previous high of $103,721 at the April 19 tender. For larger cars and more powerful EVs, the premium ended at $119,399, a 1.23 per cent dip from the previous high of $120,889 set on April 19.

The supply of new COEs depends on the number of deregistrations, which is usually when the COE expires 10 years after registration. Hence, the number of cars registered 10 years ago is linked to the number of cars being deregistered now, which in turn affects the number of COEs being issued.

Economist Walter Theseira, an associate professor at the Singapore University of Social Sciences, said he does not expect a "significant change" in premiums for private cars. "The underlying structural issue of low supply will remain for many months, and unless there are significant changes in demand, there will not be any large movement downwards." Demand is more difficult to predict because it depends on macroeconomic and business conditions, said Assoc Prof Theseira. But for now, it remains "extremely high", and many are still willing and able to pay.

πŸ‘‰https://www.straitstimes.com/singapore/transport/coe-premiums-end-mostly-lower-motorcycle-coe-falls-to-5002-with-new-measures-to-curb-speculation

πŸ‘‰ https://www.channelnewsasia.com/singapore/coe-premiums-cars-motorcycles-category-prices-stay-high-3463646 

πŸ‘‰ https://www.channelnewsasia.com/singapore/coe-premium-prices-cars-motorcycles-may-4-bidding-exercise-results-3463051

------


[10:18 am, 05/05/2023] +Smiley face: Mismatching and the Costs of Chance

"Mismatch can occur in a sector or sector to sector of an economy. 

Mismatching of policy and its intent may affect the effectiveness and/or efficiency and productivity,...it's about a Population."

- - anonymity

[10:20 am, 05/05/2023] +Ah Heng: stero minded -> no car cannot built family

[10:20 am, 05/05/2023] +Ah Heng: mentioned before car in singapore is a luxury item is NOT a must

[10:20 am, 05/05/2023] +Frankie Wee: Car is like home

[10:21 am, 05/05/2023] +Smiley face: Metaphor:

Bread & Butter Bike/Car/Vehicle

Leisure & Luxurious Bike/Car/Vehicle

It is timely to consider introducing two categories of the motorbike COE.

- - in progress - -

[10:21 am, 05/05/2023] +Ah Heng: other country is different is a necessity due to the amount of travel time to run a simple errand like grocery shopping

[10:21 am, 05/05/2023] +Ah Heng: Singapore from one end to the other end is only 45mins (non peak hours)

[10:22 am, 05/05/2023] +Ah Heng: taking a train from north to south takes you max 40mins while the same direction journey might take you 45mins by car

[10:22 am, 05/05/2023] +Smiley face: Good morning Ah Heng!

Singaporeans love SPEED and EFFICIENCY? 

Aka kancheong?

[10:23 am, 05/05/2023] +Frankie Wee: Singapore will use AI auto driver same like electric car

[10:23 am, 05/05/2023] +Smiley face: A way of living? Our unique ways of living?

[10:23 am, 05/05/2023] +Frankie Wee: Fuel and electric car no different COE price

[10:24 am, 05/05/2023] +Frankie Wee: Electric car is more green than fuel

[10:24 am, 05/05/2023] +Smiley face: Should we increase one and the others we punish?

[10:25 am, 05/05/2023] +Smiley face: Transition, transforming, transportation...

[10:26 am, 05/05/2023] +Smiley face: Let's think of Economic Costs, Opportunity costs and Accounting cost... implicit and explicit audit of our Land, Labor and Capital...?

[10:26 am, 05/05/2023] +Frankie Wee: https://www.businesstimes.com.sg/esg/singapore-may-need-carbon-credits-or-nuclear-energy-reach-net-zero-2050-chee-hong-tat

[10:26 am, 05/05/2023] +~L: Yes, we can definitely be 'car-lite', although we should continue to expand the MRT network and ensure a good supply of buses especially at peak times. Too often buses are very crowded, making it hard to board and uncomfortable when squashed in with people.

[10:27 am, 05/05/2023] +Frankie Wee: Carbon or nuclear for future 2050 in Singapore without fuel

[10:27 am, 05/05/2023] +~L: Yes, agreed. Should build infrastructure for more accessible charging, especially for HDB residents.

[10:28 am, 05/05/2023] +Rama: Yup

[10:28 am, 05/05/2023] +Smiley face: Hello L, another spot on comment!

Public tpt must remain relevant, cost effective and widely accessible.

Thank you

[10:28 am, 05/05/2023] +~L: True AI on the public roads is way off. Only appropriate for controlled environments or private spaces.

[10:28 am, 05/05/2023] +Smiley face: Owning a Car happens to be a socio status and aspiration too!

[10:29 am, 05/05/2023] +Ken: Ideal for those that can afford πŸ˜‚

[10:29 am, 05/05/2023] +Smiley face: Thanks L, pls write more so that all of us will have a robust chat and importantly, find many workable solutions!

[10:30 am, 05/05/2023] +Ken: My wife still prefer taxi or car is possible… 

Lucky I buy near MRT lol so no need to buy car 🀣

[10:30 am, 05/05/2023] +Frankie Wee: Human drive a car support to pay COE

AI driver auto without human do need to pay COE? 

So different human and AI

[10:30 am, 05/05/2023] +Smiley face: Yupp! That's one promise by Adam Smith?

[10:31 am, 05/05/2023] +Ken: But still sometimes getting on to train is pretty hard at peak timing.. and we are not gracious enough always chiong to take lift with people with babies

[10:31 am, 05/05/2023] +Frankie Wee: AI is without wage

[10:31 am, 05/05/2023] +Ken: Plaza Singapura is a good example

[10:31 am, 05/05/2023] +Smiley face: Autonomous vehicles will pay COE...how much? Is that an economic cost or economic profit?

[10:31 am, 05/05/2023] +Ken: Still need to control the number of cars on the road

[10:32 am, 05/05/2023] +~L: How about smaller shuttle buses that can quickly circle an area for people to get to the local MRT station.

[10:32 am, 05/05/2023] +Ken: Still an important source of income for government

[10:32 am, 05/05/2023] +Ken: And form of control the number of cars on the road

[10:32 am, 05/05/2023] +Frankie Wee: Zero nothing this life AI

Human need to feed support supplies we eat and live on

[10:32 am, 05/05/2023] +Smiley face: Quiker Connectivity to solve the congestion issues during peak and rush hours!

Thanks L!

[10:32 am, 05/05/2023] +~L: Hefty subscription cost though

[10:32 am, 05/05/2023] +Ken: By adjusting the bidding quotas

[10:33 am, 05/05/2023] +Frankie Wee: Big boss firm want buy AI instead human wage cost difference

[10:33 am, 05/05/2023] +Smiley face: Controlling the Supply and letting the demand play out...

[10:34 am, 05/05/2023] +Smiley face: Any advantages buying AI or less of it?

Opportunity cost?

[10:35 am, 05/05/2023] +Frankie Wee: Singapore need to balance human and AI

[10:36 am, 05/05/2023] +Smiley face: Short to mid term....on the longer path, AI will direct and command most of life's choices'?

[10:36 am, 05/05/2023] +Smiley face: Balanced or imbalanced or mismatched?

[10:37 am, 05/05/2023] +Frankie Wee: Balance can work on follow hours operations 

Human work for 5 hrs

AI take over work for 24/7 

AI is a machine run on electric not fuel

[10:39 am, 05/05/2023] +Rama: Mindset must change with the times!

[10:39 am, 05/05/2023] +Smiley face: Forgot to say hello, Andrew! Well said statement!

"In life, we human finding our fits. Besides career or job or dreaming big, we have a long list of wishes, ideas and considerations to feed and to satisfy. At each portion of life, hopefully, we will gain a sense of fulfilment, settlement and fittings in our mind and there on moving forward with stride and confidence- anywhere and any moment !'

- - anonymity 

Thank you.

[10:41 am, 05/05/2023] +Frankie Wee: Singapore independent 

1965 

Our people are work hardship 

2023-2050

AI support human less than work hardship 

How about HDB building will support AI if India worker is no longer.

[10:43 am, 05/05/2023] +Sh Koh: Car lite... yes. But it still a desire to own and definitely a essential plus for family.

[10:44 am, 05/05/2023] +Smiley face: 80/20 game?

20 higher skilled workers and 80 are 3D printers to build homes?

[10:44 am, 05/05/2023] +Smiley face: Convenience if one can afford it.

[10:45 am, 05/05/2023] +Frankie Wee: It’s likely save cost economy due to hit recession and FED hike rates and any other crisis

[10:48 am, 05/05/2023] +Smiley face: What if the raw materials will continue to escalate upwards?

Two, what if down, mid and upstream; all chocked up?

Three, costs will not come down!

Finally, how can we find the opportunity cost and the economic profits?

Thank you for challenging it, Frankie.

[10:48 am, 05/05/2023] +Smiley face: It's all about SCALING

[10:51 am, 05/05/2023] +Smiley face: "you see...SG must be strong in the science and Techs because there are already many players who know the game of counting money (financial)...?"

- - anonymity

The next challenge is to be able to translate! The loss in translation from languages to the process to transfer of know how will be the cost of opportunities!

Thank you.

[10:53 am, 05/05/2023] +Smiley face: The current economic profits indicator suggests that the US is followed by Asia (selective nations) and the laggards are the EU!

It means the drivers of GROWTH and PROSPERITY!

[10:56 am, 05/05/2023] +Smiley face: Should SG continue to strive into the Sciences and the HIGHEST techs...we may have the chance to breakthrough and stand among the Americas, the Chinese, the Indians and US?

So what are the explicits and mostly importantly, the IMPLICITS to win this rough and tough game of ( material sciences and Space sciences - not rocket science!).

[10:58 am, 05/05/2023] +Smiley face: Beyond Atomic or atom! That's high end materials science, this game of finding the nanos!

[11:01 am, 05/05/2023] +Smiley face: Earth is about atoms...

Space is about particles...

The moon and Mars are the materials...

[11:02 am, 05/05/2023] +Smiley face: Space and atmospheric!

Then geologic and  geographical!

[11:04 am, 05/05/2023] +Smiley face: Get these foreign folks into SG, plus a selective Eastern Europeans to start our sciences+techs game!

[11:10 am, 05/05/2023] +Anne: I know of people who do need a private vehicle for their work needs. They need to meet a few people in one day and they have to carry different thick heavy files for different people. Also, public transport takes a much longer time for them to commute from one place to another.

Just curious- why is the G trying to interfere with a person’s decision to own a private vehicle? Today it’s cars. What will it be tomorrow? Our washing machines? Our air-conditioners? Our pet dogs? Is this the start of “we will own nothing and be happy” using climate change as an excuse? If yes, then is all this about bringing us back to feudalism, where it will become illegal for the “peasants” like us to own anything and only our “lords” will own everything and rent our necessities to us? πŸ€”

[11:12 am, 05/05/2023] +Ah Heng: disagree that govt is interferring

[11:12 am, 05/05/2023] +Ah Heng: is more like the public is ASKING the govt to intervene from when 1 family have 2 or more cars to now COE sky rocket

[11:13 am, 05/05/2023] +Frankie Wee: Super rich will have own more car

[11:13 am, 05/05/2023] +Ah Heng: if people needs a car for work should not the company provision (that was the past) but we all know the monkey tricks staff do with company cars, so the modern way is you need to travel for official work CLAIMED IT VIA TAXI or PHV

[11:13 am, 05/05/2023] +Ah Heng: of cos super rich will have more cars and assets

[11:13 am, 05/05/2023] +Ah Heng: else why they are not call middle class or the new poor

[11:14 am, 05/05/2023] +Ah Heng: but these people are contributors to our govt budget

[11:15 am, 05/05/2023] +Ah Heng: the issue is majority public aka middle class and even lower tier see car as a must for family

[11:15 am, 05/05/2023] +Ah Heng: (not work here)

[11:15 am, 05/05/2023] +Frankie Wee: Like I said above 

Human is feeding supplies mean we all need money to support income

[11:16 am, 05/05/2023] +Frankie Wee: Work hard all day earn goal $100k pay off this car.

[11:18 am, 05/05/2023] +Ah Heng: but some people willing mah

[11:19 am, 05/05/2023] +Ah Heng: no one force buyers to purchase is us using a knife at our neck to buy

[11:20 am, 05/05/2023] +Frankie Wee: Singapore island road very small travel to work or family time.

But more building MRT and road 


There will be more heating temperatures

[11:21 am, 05/05/2023] +Frankie Wee: Buying a car people wish dream who are middle income.

[11:22 am, 05/05/2023] +Smiley face: Indirect tax avenues?

[11:22 am, 05/05/2023] +Frankie Wee: https://www.channelnewsasia.com/singapore/unlikely-temperatures-singapore-reach-40-degrees-celsius-coming-weeks-nea-3452866

[11:24 am, 05/05/2023] +Smiley face: "A policy will change a person's means and meaning in their existential living! Policy is like a Tom & Jerry cartoon, on occasions a few muse finding the loopholes? "

- - anonymity

[11:25 am, 05/05/2023] +Ah Heng: have we reach 40 before? 38-39 i believe yes

[11:26 am, 05/05/2023] +Frankie Wee: By 2050

[11:27 am, 05/05/2023] +Ah Heng: 2050 hahahah see so far

[11:27 am, 05/05/2023] +Ah Heng: we do not even know if russia will go out for n-war ..

[11:27 am, 05/05/2023] +Ah Heng: just because Thailand hit 40 we get panic here

[11:30 am, 05/05/2023] +Smiley face: Malaysia leg?

[11:31 am, 05/05/2023] +Smiley face: Make RAIN!

[11:31 am, 05/05/2023] +REACH: Dear contributors,


please be reminded to keep to the topic that is being discussed. We have had good feedback from this group, and we hope that we can keep the discussion robust and active!

[11:33 am, 05/05/2023] +Ah Heng: rain too much also cannot cos will complain there flood

[11:33 am, 05/05/2023] +Ah Heng: den will say why rain water cannot clear

[11:33 am, 05/05/2023] +Ah Heng: will complaint clothes not dry

[11:33 am, 05/05/2023] +Frankie Wee: Hope there will be more green instead use fuel the future carbon or nuclear energy.

[11:33 am, 05/05/2023] +Ah Heng: think we really deserved the crown of most complain-some people on this planet

[11:34 am, 05/05/2023] +Frankie Wee: Very sad to see North Pole ice decrease and earth climate temperature

[11:34 am, 05/05/2023] +Ah Heng: nuclear is boudn to happen they had been harping on it in recent years

[11:35 am, 05/05/2023] +Ah Heng: typical complain ->

[11:35 am, 05/05/2023] +Ah Heng: Singaporean finds it ‘ridiculous that new couples need to fork out $100K for COE just for the right to own a car’

[11:35 am, 05/05/2023] +Ah Heng: is in a local forum i finding the one that says not going to have family because no car

[11:44 am, 05/05/2023] +Anselm: No complaints about COE. 

There is finite space in SG, how much more HDBs/parks/etc we want to give up so that "richer" people can park their cars?

So the govt needs to limit the supply of COE.

[11:45 am, 05/05/2023] +Anselm: additionally, people forget that sky high COE right now is also due to irresponsible COE bidding by dealers and companies purchasing for grab or rental

[11:46 am, 05/05/2023] +Anselm: So the govt controls the supply of COE. but the price of COE right now is being manipulated by some.

[11:49 am, 05/05/2023] +Rama: Agree

[11:50 am, 05/05/2023] +Ah Heng: is not ridiculous ...

[11:50 am, 05/05/2023] +Ah Heng: cos a a free world

[11:50 am, 05/05/2023] +Ah Heng: did anyone force them to buy

[11:50 am, 05/05/2023] +Ah Heng: is their own surrounding that make them feel the NEED to buy

[11:51 am, 05/05/2023] +Ah Heng: is there any rules or harm made to them if they did not purchase

[11:51 am, 05/05/2023] +Ah Heng: key word CHOICE is theirs

[11:51 am, 05/05/2023] +Ah Heng: chinese saying cow dun wanna drink water u force its head to drink will not succeed too

[11:53 am, 05/05/2023] +Smiley face: All living things must DRINK or...

[11:53 am, 05/05/2023] +Smiley face: Personal calculus!

[11:53 am, 05/05/2023] +Ah Heng: when required will drink .. when force is a different case

[11:53 am, 05/05/2023] +Smiley face: Rational consumers or irrational and impulsive buyers?

[11:54 am, 05/05/2023] +Ah Heng: u miss one category or HAO LIAN buyers ...

[11:54 am, 05/05/2023] +Smiley face: When the weather heats up ..no choice but to drink more often?

[11:54 am, 05/05/2023] +Smiley face: A spectrum of human needs and chasing many wants?

[11:56 am, 05/05/2023] +Smiley face: Wait Ah Heng, Andrew, Anne, Anseim...

Will this help or worsen? We are talking about allocation, distribution and personal needs...

[11:56 am, 05/05/2023] +Smiley face: How about creating more Cats into the COE?

Motorcycle - basic and high-end (EVs)

Commercial vehicles - vans &  light lorry, heavier lorry, and heaviest and multi-wheeler (EVs)

Cars - basic, luxury, high-end (include all EVs)

Open Cat can be used for any in of the above Cats?

Total 9 Cats in this COE system.

[11:57 am, 05/05/2023] +Ah Heng: will not solve the problem

[11:58 am, 05/05/2023] +Suma pamu: Sorry off the topic

Yday news Again HDB gone higher,

So i expect cooling measures hardly cools 

And COE will go higher

When limited cars, ofcourse the rich, richer, richest can afford.

I thought learning driving as now taxi fares more when doing viewings, Now Forgetting that idea LOL

I learn also Can not buy/rent Can not afford

😌

But Its ok will still survive. 

I care more about Hdb Resale price and Rentals than other things now :)

[11:58 am, 05/05/2023] +Ah Heng: cos i see COE as a speculation

[11:58 am, 05/05/2023] +Ah Heng: is supply and demand issue and there is a market controller

[11:59 am, 05/05/2023] +Ah Heng: cos if it is a open system den trust me coe from the start will always be 1 dollars cos everyone will bid bid for 1 dollars

[11:59 am, 05/05/2023] +Ah Heng: hahahahah

[0:00 pm, 05/05/2023] +Ah Heng: like mentioned before for a little island like ours where bus . taxi. phv, trains are quite easily accessible is consider very good already

[0:00 pm, 05/05/2023] +Ah Heng: our common amenities are built near housing cluster

[0:00 pm, 05/05/2023] +Smiley face: Sounds like housings too?

[0:00 pm, 05/05/2023] +Ah Heng: housing for 2nd hand is sure speculation also

[0:00 pm, 05/05/2023] +Ah Heng: espically now with the unseen valuation

[0:01 pm, 05/05/2023] +Ah Heng: aka part A selling party B buying only HDB knows valuation

[0:01 pm, 05/05/2023] +Ah Heng: party B scare die die will loose out so put up a higher offer or bid and surprising set the new mark for that area

[0:02 pm, 05/05/2023] +Smiley face: Why the speculators, the speculative and the spectacular?

Why? Let's deep dive!

[0:03 pm, 05/05/2023] +Ah Heng: one aspect is the incoming rich ...

[0:03 pm, 05/05/2023] +Ah Heng: rich as in assets rich ...

[0:03 pm, 05/05/2023] +Ah Heng: liek us singaporeans bying msia or thailand properties (just that our numbers are small of cos small how many TRUE singaporeans we have)

[0:03 pm, 05/05/2023] +Smiley face: Hi Suma,

Why? Why unstoppable as Anonymity has previously and indirectly mentioned about many of these existential?

Why?

Thank you again!

[0:04 pm, 05/05/2023] +Ah Heng: and all markets have a basic supply and demand effect

[0:04 pm, 05/05/2023] +Ah Heng: and is not only here is globally

[0:05 pm, 05/05/2023] +Smiley face: Then this country's buyers will become speculators or permanent investors?

Why?

[0:05 pm, 05/05/2023] +Ah Heng: like china housing in cities are suicidal high compare those outside

[0:05 pm, 05/05/2023] +Ah Heng: see where were are viewing from i think

[0:05 pm, 05/05/2023] +Ah Heng: for local .... only a small percentage are investors

[0:06 pm, 05/05/2023] +Ah Heng: hardly can be speculators unless with very very deep pockets

[0:06 pm, 05/05/2023] +Suma pamu: Supply low demand High

Simple economic theory :)

[0:06 pm, 05/05/2023] +SL: Car lite target benefits the majority from the living environment, business, and green concept) embracing a car-lite society help in redeploying limited land for economic growth that will benefit everyone. I guess the question is how we achieve the target and take care of the needs of different groups of people

[0:06 pm, 05/05/2023] +Ah Heng: majorities will be neither of and fall into the category D call Dewllers (just want to have a roof over the head)

[0:07 pm, 05/05/2023] +Suma pamu: Exactly

[0:09 pm, 05/05/2023] +SL: Car last for 10 - 20 yrs. The current continental car may be out of trend if 6g, AI is introduced by the car manufacturers.

[0:10 pm, 05/05/2023] +Suma pamu: 1. Control Valuations

Not only Resale Hdbs, For Condos as well

Instead of Many many diff cooling measures one.simple Valuation control will stop crazy market. If Banks Can not able to match valuations of crazy asking price, sellers will have no choice but to ask for resonable sale price.

2. Controlling Super high income earners stop Buying resale HDB.. will stop People Paying COVs 

So thus prices will control.

3. Spoken many times

So not repeating😌

[0:11 pm, 05/05/2023] +Smiley face: Chance or Fate or Fear?

One advice for housing...

Structure your loan to 10-15 years.

Fully paid up by year 10?

Choice of upgrade, down size or zoom to higher end housing.

That's a prudent way to win and avoid the risks of cannot afford due to whatsoever reasons!

Then comes the counter arguments that to better Buy Now because tomorrow it will be expensive?

So how?

When you brought your property yesterday or years ago, you already brought it at a lower price! 

When you buy your new condo or flat, naturally it will be higher in price.

So is it smart to CHASE prices or will it be smarter to wait for your chance?

     - - in progress - -

[0:12 pm, 05/05/2023] +SL: 6g concept in car may start with network communication among car for anti-collision, car entertainment and office meeting, auto pilot and auto traffic route.

[0:12 pm, 05/05/2023] +Smiley face: What is super high income?

$xxxx to $yyyy?

Thanks, Suma.

[0:14 pm, 05/05/2023] +Smiley face: Hi SL,

Software in the car of the coming future! Tesla will evolve to become a software company! Big data and bigger money spinner!

So how about Microsoft and Apple? And google!

Thanks, SL for bringing this strategic and forward topic!

[0:14 pm, 05/05/2023] +SL: Is it From wealth of nations or an inquiry into the nature and causes? Thanks for sharing in advance. πŸ™

[0:15 pm, 05/05/2023] +Redzuan I: Coe so high People buy

HDB prices so high People also buy

Drinking Coffee/tea at coffeeshop prices so high People also buy .. 

So what are we discussing about here.. πŸ₯±πŸ₯±πŸ₯±

[0:16 pm, 05/05/2023] +Suma pamu: That Govt know ma

 Same like Income ceiling for Bto

Every yr change as well

[0:17 pm, 05/05/2023] +SL: It preferable to have a rental car (affordable and got enough space) when bring babies and seniors out.

[0:17 pm, 05/05/2023] +~L: For the first part of your message, I do agree some people need a vehicle for work. I'm sure they appreciate our roads are not clogged so that they can do their business efficiently. Many countries it would take all day to visit 3 clients, but it's not here.

Also, I assume they price in the cost of the car to their fees, or if an employee, then the company either provides the car or compensates appropriately.

[0:18 pm, 05/05/2023] +~L: Yes, and it would be good to see an expansion of Blue Sg and GetGo

[0:19 pm, 05/05/2023] +Smiley face: The new world power shall be as follows...

Who you are with, what you spent, do and your passengers or households are?

What are your socio and economics behavior, opinions and decisions from jobs, purchases, consuming and voting...

That's the starting point of the big data points and analytics!

Once you embark onto the digitized world, no turning back and no mid point of returning!

Are these the new revelations in the making? Benefits or costs?

Thanks SL!

[0:19 pm, 05/05/2023] +SL: Autonomous vehicles, if successfully adopt, should be economic profit to society. Scarce human resources and time can be well spent in more crucial areas to generate economic value.

[0:20 pm, 05/05/2023] +Smiley face: Have to match carefully or mismatch and more pain shall fall?

[0:21 pm, 05/05/2023] +Smiley face: Policymakers love benefits and opportunity costs!

[0:21 pm, 05/05/2023] +SL: Only deploy during peak hours? Maintaining this shuttle bus service Day long may have a higher cost than the benefit it gives.

[0:22 pm, 05/05/2023] +~L: Yes, Peak hours to take the pressure off the normal bus services.

[0:23 pm, 05/05/2023] +~L: Maybe those vehicles have a use elsewhere off peak, too

[0:25 pm, 05/05/2023] +SL: Mindset change on treating the car as an asset to showcase status may take longer than expected, but I believe in the long run (once the technology matures), it will be achievable.

[0:29 pm, 05/05/2023] +Smiley face: Looking forward to our next generations, hopefully they will see things from different perspectives, tangibles to intangibles

[0:30 pm, 05/05/2023] +Smiley face: Internet, technologies are the two big money spinners across the US, Asia and a bit of the EU.

From 2005 to 2022.

[0:30 pm, 05/05/2023] +SL: I don't think the government is interfering with private decisions. The discussion looks like it is about the car-lite society's benefit and how to achieve it, what the issue is facing for car-lute etc.

[0:36 pm, 05/05/2023] +Rama: It might come in between because of certain people selfish attitude!

[0:37 pm, 05/05/2023] +Smiley face: At the same time and momentum to equalise many people to feel a sense of hope and tomorrow will be an affordable living, or the trajectory of costs or owning a personal mobile tool says that it is getting tougher to own a roof, to own a personal mobile tpt and the unavoidable big wave of Digitisation!

So where can we find Sweet spots for the middle of our population?

That's the intelligence of our Policymakers!

Thank you, SL.


[0:37 pm, 05/05/2023] ☸️  Danny εΏƒ: 

1. Firstly I support car lite by taking bus, MRT, occasionally taking taxi or private hire.


2. Notice that alternative path for cyclists, pmd, pma are still not available for mature estates - to make such transport mode possible.


3. However, I still feel that there are some households will require the convenient of owning a car to:-


a. Fetch babies and toddlers to their grandparents or nurseries as young couples are bidding for BTO flats far from their parents - before going to work.

b. Fetch elderlies for medical treatment.

c. Those people who needs to travel around the cities in their work while carrying equipment.


Currently, the coe price favour the very rich who even can own many cars - but those households who needs the car for the above purposes are priced out for owning a car.


4. Hence feel that a separate coe category with cap (eg. Maximum $60,000 + 3 ballot tries then assign priority queue) reserve for Singaporeans - should be considered.


[0:38 pm, 05/05/2023] +SL: Is one of the contributions from the observed non-fixed location from Sagittarius and Perseus spiral arm?

[0:38 pm, 05/05/2023] +Rama: Agree totally

[0:40 pm, 05/05/2023] +SL: Is the other partner request it? Or does society's perception that without a car mean something out of the Achievement norm?

[0:41 pm, 05/05/2023] +Smiley face: This is a dynamic game of balancing the left, the center and the right?

Tossing a coin helps?

[0:41 pm, 05/05/2023] +TD: Imho, car lite is idiotic. There is still a significant proportion for whom the car is a need and not a want

[0:41 pm, 05/05/2023] +Smiley face: The younger ones may not need a car to show case or show off their status?

Hopefully it is true.

[0:42 pm, 05/05/2023] +TD: And why is LTA encouraging the roadhogging antisocial AMDK cyclist culture?

[0:42 pm, 05/05/2023] +SL: Are they exploiting the current bidding system?

[0:42 pm, 05/05/2023] +Smiley face: Hi TD,

Cycle paths are on the way, in the making too or partly completed to connect here to there.

Thanks TD!

[0:43 pm, 05/05/2023] +Rama: At the taxpayers expense!?

[0:43 pm, 05/05/2023] +TD: The tour de retard suicidal idiots will still want to cycle on the roads

[0:43 pm, 05/05/2023] +TD: I've seen one single entitled cyclist moron cause a one man traffic jam in bugis

[0:45 pm, 05/05/2023] +Smiley face: A global analytics on LUXURY GOODS..

Especially for the adults who earned $65k will splurge on luxury items from branded bags, swiss watches to exotic holidays! How about housing and branded cars?

60% of this group age 38-45!

[0:46 pm, 05/05/2023] +Smiley face: Purpose built cycling path. Safety is a concern.

Thanks TD.

[0:46 pm, 05/05/2023] +TD: https://fb.watch/kkgWgwQtl9/?mibextid=ZbWKwL

[0:46 pm, 05/05/2023] +TD: Why are they even allowed on the roads with no licensing, insurance or coe?

[0:46 pm, 05/05/2023] +TD: No accountability

[0:47 pm, 05/05/2023] +TD: No control. They can do whatever they want and get away with it

[0:47 pm, 05/05/2023] +Smiley face: Bishan-to-city bike route crossings, underpasses to be ready by year end

https://www.straitstimes.com/singapore/transport/underpasses-road-crossings-along-bishan-to-city-cycling-route-to-be-ready-by-end-2023

Hi TD,

Any blindspots to help and better this purpose built path?

Thank you

[0:47 pm, 05/05/2023] +TD: Not the point. Why are cyclists allowed on the roads without insurance, Coe and licensing?

[0:48 pm, 05/05/2023] +TD: And the AMDK tour de retards will not cycle on PCN anyway

[0:48 pm, 05/05/2023] +Smiley face: LTA and TP or neighborhood Police should undertake enforcement efforts?

Will Fines and or confiscation work??

[0:49 pm, 05/05/2023] +TD: Without identification, how to fine?

[0:49 pm, 05/05/2023] +Rama: Licence needed but spf already found tedious to register!

[0:49 pm, 05/05/2023] +TD: If they hit a car, how to claim?

[0:49 pm, 05/05/2023] +TD: No insurance

[0:50 pm, 05/05/2023] +SL: Tesla is unique as compared to Apple, Microsoft, and google. Tesla has the infra that the other 3 do not have and which is critical to an autonomous car.

[0:51 pm, 05/05/2023] +Ah Heng: Ask govt why date not impose

[0:52 pm, 05/05/2023] +TD: Scared of AMDK. Hum chi

[0:52 pm, 05/05/2023] +Ah Heng: Dare not date

[0:52 pm, 05/05/2023] +Ah Heng: Is extra revenue

[0:52 pm, 05/05/2023] +Smiley face: Starlink is the global enbler to connect in god's speed, real-time and beyond 6G... 

for safety and accuracy than the current GPS, which was used by the US military in the 1980s!

Thanks SL for bringing it up!

[0:52 pm, 05/05/2023] +Ah Heng: Given soooo many deliveries riders on top of the tour de merlion wannabe

[0:53 pm, 05/05/2023] +Smiley face: Divergent of traffic flows... two wheelers from four wheelers?

[0:54 pm, 05/05/2023] +Smiley face: How to compact these ecosystems of public and private transportation.

The game of Moving People!

[0:55 pm, 05/05/2023] +SL: I m not sure about the take-up rate of the former, the size, the fees make a lot of difference on whether it commands a market of renting vehicles. Getgo something new, I haven't tried yet.

[0:55 pm, 05/05/2023] +Smiley face: Hi SL,

How did Neil Armstrong communicate with NASA? Moon to Earth?

[0:57 pm, 05/05/2023] +Sh Koh: It need to be made reasonable affordable.

[0:58 pm, 05/05/2023] +Frankie Wee: Maybe special network tele space

[0:59 pm, 05/05/2023] +SL: With 6g (at least) shall not happen, it is satellite based

[0:59 pm, 05/05/2023] +Smiley face: That's Elon Mask speciality!

[1:01 pm, 05/05/2023] +SL: Neighboring estate maybe πŸ™

[1:01 pm, 05/05/2023] +Frankie Wee: https://www.scmp.com/news/china/science/article/3154486/china-has-worlds-biggest-radio-telescope-focusing-more

[1:01 pm, 05/05/2023] +Smiley face: Job crisis!

[1:02 pm, 05/05/2023] +Smiley face: First happiness...

[1:03 pm, 05/05/2023] +TD: Car rental cars are gross. The blue sg cars are filthy


[1:04 pm, 05/05/2023] ☸️  Danny εΏƒ: 

5. Wonder if ABSD equivalent can be applied to Coe - to discourage household owning more than 1 car?

Eg. All occupants in same address who buy more than 1 car would have to pay additional 60% of COE for the first additional car and 60% + 60% for the 3rd car etc.


[1:04 pm, 05/05/2023] +TD: Delivery bicycles don't travel in road hogging masses. Not that huge a problem

[1:05 pm, 05/05/2023] +TD: This is a good idea, even though I'm anti car lite. I can get behind this. 

1 car for household, sometimes is a necessity. More than 1 is a luxury.

[1:05 pm, 05/05/2023] +Ah Heng: Have to be fare and they are using public resource for business

[1:06 pm, 05/05/2023] +TD: The electric bicycles are licensed and registered already. Only need insurance and coe.

[1:06 pm, 05/05/2023] +Ah Heng: The road and pathment. Though not much a space Hazzard they are a speeding hazzard

[1:11 pm, 05/05/2023] +~L: Good idea

[1:12 pm, 05/05/2023] +~L: What's happened to the satellite tracker for cars so price is based on usage and not ownership?


[1:12 pm, 05/05/2023] ☸️  Danny εΏƒ: 

6. Also more weight should be put on car usage - as the purpose is to prevent car congestion.

Currently, very high weightage are put on car ownership - via coe by imposing zero growth - hence very high Coe price due to the restricted coe available as people put off scrapping their cars.


7. Wonder if more flexibility can be introduced to car quota while emphasizing charging based on car usage on road that are congested.

This is a more equitable way to price road usage rather than ownership.

Those who needs the car still can use it - while curbing their usage on congested roads.


[1:16 pm, 05/05/2023] ☸️  Danny εΏƒ: 

8. Thought the more equitable way to price car usage is via ERP II - whereby car once hit the roads will be charge according to road conditions.

For congested roads, higher ERP charges.

For less congested roads, less ERP charges.

Under ERP II, Coe quota will be relaxed allowing more households to be able to own cars - and use it when necessary without clogging the roads - as cars are charge more by usage rather than with full weightage by ownership aka high Coe prices.


[1:18 pm, 05/05/2023] +TD: https://youtu.be/VRrbp1GToVY

[1:19 pm, 05/05/2023] +Rama: Enforcement lax!?


[1:20 pm, 05/05/2023] ☸️  Danny εΏƒ: 

9. ERP II uses satellites GPS and sensors to track car location through car receiver and charge accordingly based on road conditions.

Thought this project is awarded many years ago - but have not heard of since.

Wonder what happens to the concept of charge by usage instead of heavy emphasis on charge by ownership?


[1:22 pm, 05/05/2023] +TD: Non existent. The AMDK cyclists knows nothing will happen to them. No license plate. Cannot identify


[1:23 pm, 05/05/2023] ☸️  Danny εΏƒ: 

This will help to prevent - social class divide from rearing their ugly head - when very rich own cars (could be local, could be ultra rich foreigners).

Whilst average households who need the car to fetch babies, toddlers, elderlies, work that need to travel are price out.


[1:28 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Even when relaxing car ownership while emphasizing charges by usage - will not prevent people who own cars to take public transportation such as bus, MRT because - as car usage become expensive, they will keep the car at home and take public transport instead.

Households will only use their cars when absolutely necessary such as the above scenarios I mentioned.


[1:28 pm, 05/05/2023] +Rama: Use AI in place of lack of humans !?

[1:29 pm, 05/05/2023] +~L: Inevitably, people will then use their cars more than PT once they own them. Road usage would have to be very high, which would be hard for taxi and private hire. Although it seems fairer, emotionally people would be more disgruntled paying for a car that costs too much to use.

[1:31 pm, 05/05/2023] +Smiley face: Mileage counter, a smarter ERP in-car device plus 6G sensors on all roads.

The more you travel, the more you pay for the daily use of the public roads?

Workable? Yes!

Will the road users be happy about it?

Tax , taxing and taxable!


[1:32 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Experience shows that those roads with higher ERP charges for manual ERP gantrys tend to have lesser traffic causing road congestion.

Thus pricing road usage to curb congestion do work.


[1:33 pm, 05/05/2023] +Smiley face: Tom and Jerry game?

[1:33 pm, 05/05/2023] +Smiley face: One Road Pricing?


[1:35 pm, 05/05/2023] ☸️  Danny εΏƒ: 

When this is apply to ERP II where no physical gantry is needed as car usage is track by satellite - then charging by car usage become an effective tool to price car usage.


[1:35 pm, 05/05/2023] +Smiley face: Acquisition costs are fixed.

Utilizing costs are the variables, road taxes, petrol price, etc

[1:36 pm, 05/05/2023] +Smiley face: Yes! Danny!

All Day and All Roads!

Regardless of Peak or off peak or weather!

[1:36 pm, 05/05/2023] +Smiley face: Cars as a locality!

[1:37 pm, 05/05/2023] +Smiley face: Stationary you pay, moving you pay, you buy a car ...You Pay!

[1:38 pm, 05/05/2023] +Smiley face: Don't need ABSD!

One Road Paying system!


[1:38 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Notice that in open public car parks and multi storey car park - there are many car parks space available.

I believe high Coe prices has indeed curb car ownership.

Wonder then should car usage take precedent, while relaxing car ownership - allowing households that require cars to own them - rather than using high Coe prices to curb road congestion.


[1:39 pm, 05/05/2023] +Smiley face: Small bikes for livelihoods will pay 20% of what a car owner pays!

High End car owners will pay up to 50% of a bread and butter car?

[1:42 pm, 05/05/2023] +Smiley face: Unintended consequences are whereby....owners parked stationary and only use their cars when needs arise or worse weekends and holidays!

Mega convergence of traffic flows!

So how?

This business of utility and the game of moving people?

[1:42 pm, 05/05/2023] +SL: Our government leader continues to engage with all of us regarding the future of Singapore. News reported that lately, PM Lee, DPM Wong, DPM Heng, and SM Teo have focused on Singapore from various perspectives.  Owing personal transport is an aspiration, but due to the limited land in Singapore, turning such aspiration into the ambition of owning a private car will cost a family much higher as compared to owning a car in other countries. If we focus on the purpose of using a car instead of the ownership for the majority, there may have more widen solution to satisfy the community at large. This will complement the need of most people together with the public transport system.

[1:42 pm, 05/05/2023] +Smiley face: Beijing used even and odd registration numbers to diverge usage over the 7 days window?


[1:43 pm, 05/05/2023] ☸️  Danny εΏƒ: 

ERP II price congestion 365 days whether weekdays or weekends.

Peak or off peak.


[1:43 pm, 05/05/2023] +Smiley face: One way.

[1:44 pm, 05/05/2023] +Smiley face: Kena 4D or Toto or bigger Sweep!

Folks will buy Cars, Condo etc?

How to stop these happiness?

[1:45 pm, 05/05/2023] +SL: There are many legitimate needs for cars to fulfill day-to-day operations.

[1:45 pm, 05/05/2023] +Smiley face: Different folks, different strokes!

[1:45 pm, 05/05/2023] +Smiley face: Can afford buy it...

Cannot afford go find it...

[1:47 pm, 05/05/2023] +Rama: Left out horse racing

[1:48 pm, 05/05/2023] +Smiley face: In some countries, their land lease can range from 30 years to 60 years!

In SG, we have 30 yrs for JTC, 99, 999 and freehold.

Property tax varies from Country to country!

[1:49 pm, 05/05/2023] +Smiley face: Dog race too via Internet!

That's using tech to spin Money!

Thank you, Andrew for the horses!

[1:49 pm, 05/05/2023] +SL: I m not sure. Is there a statistic indicating the car is still the signal of status for a boy when dating a potential girl in society?

[1:49 pm, 05/05/2023] +Ah Heng: exact... no one is forcing one to buy

[1:50 pm, 05/05/2023] +Ah Heng: is only oneself is in denial that it is a must to own 1....

[1:50 pm, 05/05/2023] +Rama: πŸ˜„πŸ‘πŸ€·‍♂️

[1:50 pm, 05/05/2023] +Smiley face: In US, especially on the mid to high end residential properties. The property tax ranges from thousands to multi thousands!

[1:50 pm, 05/05/2023] +Frankie Wee: US run out of money

[1:51 pm, 05/05/2023] +Smiley face: Using tech and digits to the fullest use!

Should our policymakers think like these folks?

Oops!

[1:51 pm, 05/05/2023] +Frankie Wee: https://www.forbes.com/sites/simonmoore/2023/05/02/the-us-could-run-out-of-money-by-june-1/

[1:51 pm, 05/05/2023] +Ah Heng: rather says is there a statistic to show a ger will only date a guy if he have min 500k in the bank, earning 10k per mth after cpf,, have a good portfolio of investment etc

[1:51 pm, 05/05/2023] +Smiley face: Just amend the digits!

[1:51 pm, 05/05/2023] +Ah Heng: BRING OUT THE PRINTERSSSSSSSSSSSSSSSSSSSSSS

[1:51 pm, 05/05/2023] +Ah Heng: hahahahahhaa

[1:52 pm, 05/05/2023] +Smiley face: Ah Heng,

Use digits to the fullest means!

Pls save the trees!


[1:52 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Break off the relationship if owning car is a condition for courtship.


[1:52 pm, 05/05/2023] +Ah Heng: not in their dictionary hahahahaha

[1:52 pm, 05/05/2023] +Smiley face: We all laughed and laughing... thanks Ah Heng for your cheeky thinking!

[1:52 pm, 05/05/2023] +Ah Heng: totally agree this show the shallowness in morale of the person

[1:52 pm, 05/05/2023] +SL: Very low earth orbit satellite is the key to 6g and beyond.

[1:53 pm, 05/05/2023] +Ah Heng: frankly why we taking things seriously -> is for our kids and generation after us

[1:53 pm, 05/05/2023] +SL: Start link is one of it

[1:53 pm, 05/05/2023] +Ah Heng: why we take things too serious is bad

[1:53 pm, 05/05/2023] +Ah Heng: so need to luff a bit

[1:53 pm, 05/05/2023] +Smiley face: Seriously, will any mum allow their daughters to date... what type of guys?

Archetype or stereotypes?

[1:54 pm, 05/05/2023] +Ah Heng: seriously will one allow your boy to date any mary, jane anne gers ?

[1:54 pm, 05/05/2023] +Smiley face: Megan will Yellow card you, Ah Heng!

Previously someone kena RED card! You remember?

Laugh and laughing.

[1:54 pm, 05/05/2023] +Ah Heng: it all depend on the parties themselves

[1:54 pm, 05/05/2023] +Ah Heng: see what conditions ahhhhh

[1:55 pm, 05/05/2023] +Smiley face: Tom and Jerry Game!

[1:55 pm, 05/05/2023] +Ah Heng: all work and no play make REAHCH a dull place

[1:55 pm, 05/05/2023] +Smiley face: It is a serious platform, Sir!

[1:55 pm, 05/05/2023] +Ah Heng: how serious can it be

[1:55 pm, 05/05/2023] +Smiley face: Test it, Ah Heng!

[1:56 pm, 05/05/2023] +Smiley face: Ah Heng, this is not Rediffusion....LOL

[1:56 pm, 05/05/2023] +Ah Heng: is a platform for ideas to be filtered and pass up for them to further nurtured and grow it into Their idea

[1:56 pm, 05/05/2023] +Smiley face: Yes, Green Card!


[1:58 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Now my explanation is - assume AI is so smart like humans and replace all humans jobs.

Business use all robots and AI to produce goods and services without employing workers - then who on earth will buy their products and services if humans got no jobs and no income?

Hence, government, business, unions and labours will definitely make it a point or a law or global mandate to ensure business will have to employ workers in conjunction with AI and robots to keep global economy going.

Hence I say confidently AI cannot defeat humans.

Also humans without jobs, without income, without livelihoods - no countries can survive and thrive - as there will be social unrest.

Even business with very rich bosses serve by AI and robots cannot survive amidst the world of turbulence.

Hence business will have to work with government, unions and labours to provide jobs with good income - to ensure economy, business, jobs, livelihoods, safety and security continue to operate in harmony.

Hence my confident that Humans can defeat AI and robots no matter how smart they are.

But good government all over the world got to lead in such AI and robots proliferation.


[1:59 pm, 05/05/2023] +Smiley face: "Legislate, regulate, and finance to enhance and encourage the scaling process and abilities for businesses especially SMEs to find bigger markets, thicker margins and higher economic profits. Land, labor and capital; each has an impact on cost and opportunity to gain or to lose."

- - anonymity

[2:00 pm, 05/05/2023] +Smiley face: Short and mid term advantages to human abilities.

In the longer term, automation and augmented AI will outrun humans!

Bye bye!

[2:00 pm, 05/05/2023] +SL: According to records, Apollo 11 use the s-band vhf transponder, in the line of sight of the manned space flight network stations.

[2:00 pm, 05/05/2023] +Umar M: DBS online services down for nearly an hour; second disruption in under 2 months

https://www.straitstimes.com/singapore/dbs-online-services-down-for-nearly-an-hour-second-disruption-in-under-2-months

[2:01 pm, 05/05/2023] +Ah Heng: again!

[2:01 pm, 05/05/2023] +SL: Not really during the Apollo project.

[2:02 pm, 05/05/2023] +Ah Heng: dun forget who created AI ... humans ...

[2:02 pm, 05/05/2023] +Smiley face: It's normal, SL!

In the process of fine tunings and transition into a robust digital platform!

All businesses working towards digital enable will face it, aka disruptions!

The more failures, the better the learning AI and the ultimate LEARNING CURVE will flatten!

That's it!

Thanks, SL

[2:03 pm, 05/05/2023] +Ah Heng: but there will be a stage where AI WILL START TO BLOCK HUMAN INTERVENTION thus warning of AI development had been greatly called out by experts

[2:03 pm, 05/05/2023] +REACH: πŸ“’ Topic πŸ“’

Certificate of Entitlement (COE) premiums closed mostly lower on Thursday (May 4), the first bidding exercise under the new quota for the quarter. Motorcycle premiums closed at S$5,002 - a sharp drop from the S$12,179 in the last exercise.

The sharp fall brought the motorcycle COE price back to a level last seen in March 2020, when it was $4,489. It came after the Land Transport Authority (LTA) raised the bid deposit for motorcycle COEs from $800 to $1,500 from May, and required the COE to be used within a month instead of three months.

πŸ’¬ What are your views on private vehicle ownership aspirations in Singapore? Are the current public transport infrastructure sufficient to encourage a car-lite society? 

Other COE prices also ended mostly low…

[2:03 pm, 05/05/2023] +Smiley face: "The Brave Ones! (ε‹‡θ€…θƒœ!):       

Are we ready and well prepared for the biggest competition of our lifetime?"

- - anonymity

[2:03 pm, 05/05/2023] +Rama: Watch the film AI starring Will Smith

[2:04 pm, 05/05/2023] +Smiley face: What's the ending?

[2:04 pm, 05/05/2023] +Ah Heng: matrix will do

[2:04 pm, 05/05/2023] +Rama: Human intervention saved the day

[2:04 pm, 05/05/2023] +Smiley face: Let's talk about bikes and cars before yellow card flashes....

[2:05 pm, 05/05/2023] +SL: Difference in car plates indicate business use to ensure it will not become private use?

[2:05 pm, 05/05/2023] +Ah Heng: it use to be but no more with phv industry being liberated

[2:05 pm, 05/05/2023] +Rama: Yup

[2:05 pm, 05/05/2023] +Ah Heng: who remember what does car plate SZ means ..

[2:06 pm, 05/05/2023] +Ah Heng: who remember what yellow car plate means

[2:06 pm, 05/05/2023] +Smiley face: We Human are the creator of things!

Purposely or not so, some good things and others not so good for humanity!

AI, bot, robot are created by mankind - purposeful!

Thanks, Andrew.

[2:06 pm, 05/05/2023] +Smiley face: Rental lor

[2:07 pm, 05/05/2023] +Ah Heng: now u see phv all pte car plate

[2:07 pm, 05/05/2023] +Smiley face: Yellow and black taxi....like today's PHV?

[2:07 pm, 05/05/2023] +Ah Heng: yellow plate or black means is for commerical under company name something like that not sure

[2:07 pm, 05/05/2023] +Smiley face: Evolution and the beauty of policies and the policymakers?

[2:08 pm, 05/05/2023] +Ah Heng: beauty anot is up to the eye of beholder

[2:08 pm, 05/05/2023] +Ah Heng: to some is an eye sore

[2:08 pm, 05/05/2023] +Smiley face: Yellow colored Taxi of the past! ιœΈηŽ‹θ½¦

[2:09 pm, 05/05/2023] +Smiley face: No sore nor sorry!

Policy is Policy!

[2:11 pm, 05/05/2023] +Smiley face: Policymakers need to constantly survey rules and policies in order to elevate (not to sustain) and enable economies of scale!

Things always change!

[2:12 pm, 05/05/2023] +Smiley face: One area of concern in German now is the SMEs not turning in economic profits!

[2:12 pm, 05/05/2023] +SL: GPS got limitation such as: 3 only GPS not providing accurate position + signal obstacles by wall, tall building, dense tree + battery failure + unforeseen triangulation error right?

[2:12 pm, 05/05/2023] +Smiley face: Starlink will shine!

No issue, SL

And no blindspots too!

[2:13 pm, 05/05/2023] +Smiley face: Geometric measurements will ensure all shapes and forms. This case is topology.

Thanks SL.


[2:14 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Plus sensors plus 4G, 5G SIM cards.

GPS is only one source.


[2:16 pm, 05/05/2023] ☸️  Danny εΏƒ: 

ERP II track the entire road usage. Just like GPS Google map - fit for purpose, good enough.


[2:16 pm, 05/05/2023] +Rama: China is trying to disturb starling due to its support for Ukraine

[2:17 pm, 05/05/2023] +Ah Heng: that is black and yellow less than 10 i heard in singapore as of today's world

[2:18 pm, 05/05/2023] +SL: Impose minimum distance of travel of a car usage? Pay more if not hitting the number of km when renewing cow/buying new car?

[2:19 pm, 05/05/2023] +Ah Heng: u mean like taxi

[2:19 pm, 05/05/2023] +Ah Heng: hahahahah it failed!

[2:19 pm, 05/05/2023] +Ah Heng: thus LTA scrap that policy within the taxi industry

[2:19 pm, 05/05/2023] +SL: taxi implementation on  fails because?

[2:20 pm, 05/05/2023] +Ah Heng: it does not make sense ... more cars are on the road, is not green (for the green minded),


[2:20 pm, 05/05/2023] ☸️  Danny εΏƒ: 

This contradict charges on usage due to congestion.


[2:21 pm, 05/05/2023] +Ah Heng: also if own a car and u still wanna charge me for usage why the hell den i wanna buy the car

[2:21 pm, 05/05/2023] +Smiley face: SL if you are keen, read this book...

Landscape Modeling by Stephen Ervin and Hope Hasbrouck.

Published 2001.

Just for Ideas and more.


[2:21 pm, 05/05/2023] ☸️  Danny εΏƒ: 

That is high charges to prevent congestion.


[2:21 pm, 05/05/2023] +Ah Heng: already the import tax / coe / mthly charges is killing

[2:21 pm, 05/05/2023] +Smiley face: Self Referencing has started...

[2:22 pm, 05/05/2023] +SL: Brinkmanship......

[2:23 pm, 05/05/2023] +Ah Heng: not many will see this but to those who think owning a car stop once u have a car wait long long

[2:23 pm, 05/05/2023] +Ah Heng: is a vacuum cleaner ... it sucks as much money as one keep a dog / cat

[2:24 pm, 05/05/2023] +Ah Heng: dun forget once you have a car your 24 points is hanging just outside the noose ....

[2:24 pm, 05/05/2023] +Ah Heng: but for those who intend to sleep drink live and built ur life in a car den ok darn worth

[2:25 pm, 05/05/2023] +Ah Heng: u only pay 60 / 110 dollars for a place to park your car hahahaha

[2:25 pm, 05/05/2023] +Ah Heng: comapre to the hundred or thousand of dollars deducted from cpf

[2:25 pm, 05/05/2023] +Ah Heng: no need to pay utilities bill somemore

[2:25 pm, 05/05/2023] +SL: Philosophical global govt will take care. It is still too long to go.

[2:26 pm, 05/05/2023] +SL: Omg.

[2:27 pm, 05/05/2023] +SL: Which competition?

[2:28 pm, 05/05/2023] +SL: Matrix is not the final form right?

[2:29 pm, 05/05/2023] +Fulgrim: This are all side effect of attracting super rich here

[2:29 pm, 05/05/2023] +Ah Heng: cannot remember i lost track but there is a saying whatever hollywood comes out it will come to live very soon

[2:29 pm, 05/05/2023] +Fulgrim: Inevitably it will bring up costs to levels that locals will be hard pressed to match

[2:30 pm, 05/05/2023] +SL: Seldom see yellow. Only black and white regulatory see.

[2:32 pm, 05/05/2023] +Ah Heng: now quite common .. on pte car

[2:32 pm, 05/05/2023] +Ah Heng: i feel the classification of plates should not go away it makes job easier for our traffic wardens and police to track

[2:33 pm, 05/05/2023] +Smiley face: Compete for livelihoods!

[2:35 pm, 05/05/2023] +Smiley face: Every move will entail another chance to relocate elsewhere, it is a resource based game theory!

What one lost may hopefully gain elsewhere a new opportunity; that's opportunity cost to that individual and the existing policies of change and changing!

Thanks Fulgrim!

[2:36 pm, 05/05/2023] +Smiley face: Attracting the poors?

[2:37 pm, 05/05/2023] +Smiley face: Contributors and Receivers!

[2:37 pm, 05/05/2023] +Smiley face: Population crisis, job crisis?

Are these happening now?


[2:43 pm, 05/05/2023] ☸️  Danny εΏƒ: 

5a. Also other than COE ABSD for more than 1 car - can the government impose higher road tax annually (eg. 160% road tax for 2nd car, 160% + 60% for 3rd cars etc ) for those who own more than 1 car for the same address - even if own by different person as long as they stay in the same address.

This will discourage household from owning more than 1 car and free up more Coe for those households who need the car.


[2:45 pm, 05/05/2023] +Ah Heng: actually there is a loop hold cos some might say is company car (self own) some will say is from company


[2:45 pm, 05/05/2023] ☸️  Danny εΏƒ: 

This will address the ugly social divide rearing their heads sending the right signal.


[2:46 pm, 05/05/2023] +Ah Heng: till date i know some hdb dwellers still own 2 cars

[2:46 pm, 05/05/2023] +Ah Heng: one under company, the other is really family

[2:46 pm, 05/05/2023] +Ah Heng: got one famil more smart 3 cars

[2:47 pm, 05/05/2023] +Ah Heng: one company / one pte / the last one from bluesg or those rental company

[2:47 pm, 05/05/2023] +SL: Mittelstand is mostly hit by the geopolitical stand. The energy price in brandenburg raised more than 50% in last 1X months. After that German government subsidized the energy bills for all SME, they maybe need to wait till the end of the year to reassess the outlook.

[2:48 pm, 05/05/2023] +Sh Koh: Leave the cars for leasing company for PH out of the present COE bidding catergories. As well. They serve a public service function, shld be treated same as taxi.

[2:49 pm, 05/05/2023] +Ah Heng: WRONG again hahahaha

[2:49 pm, 05/05/2023] +Ah Heng: TAXI is part of the COE system

[2:49 pm, 05/05/2023] +Ah Heng: i think buses also

[2:49 pm, 05/05/2023] +Ah Heng: cannot escape

[2:49 pm, 05/05/2023] +SL: Starlink is one of the most successful companies in operating low earth orbit satellite

[2:49 pm, 05/05/2023] +Ah Heng: thus i say why exempt the bicycles

[2:49 pm, 05/05/2023] +Ah Heng: put them into the system too

[2:50 pm, 05/05/2023] +TD: yes!

[2:50 pm, 05/05/2023] +Ah Heng: let's shows how big is their ego still when they have to pay 1k -2k for their tour de merlion

[2:50 pm, 05/05/2023] +TD: 10K - they can afford it

[2:50 pm, 05/05/2023] +Ah Heng: and have to send their bicycles for 6mthly check for safety

[2:50 pm, 05/05/2023] +TD: their wheel alone is 5k

[2:50 pm, 05/05/2023] +Ah Heng: o yeah of cos bloody bike can be as high as 13k for a skelton transport

[2:51 pm, 05/05/2023] +Ah Heng: see another source of income


[2:51 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Plug the multiple car ownership per same address first.

Then deal with those who registered in company name but buy car park in same address later.

See how many are there.

Not many multiple car owners do business


[2:51 pm, 05/05/2023] +Sh Koh: Creating new COE category for private-hire cars will drive up costs for ... https://www.channelnewsasia.com/singapore/coe-phc-private-hire-cars-rental-bid-category-2934951

[2:51 pm, 05/05/2023] +Ah Heng: these article i no read but wihtout the new category already coe driving up

[2:51 pm, 05/05/2023] +Ah Heng: what this paper talking

[2:52 pm, 05/05/2023] +Ah Heng: there was a time uber and grab were fighting

[2:52 pm, 05/05/2023] +Ah Heng: at one go how many coe were issue

[2:52 pm, 05/05/2023] +Ah Heng: market rumour 800!!!!!!

[2:52 pm, 05/05/2023] +Ah Heng: that was pre covid

[2:52 pm, 05/05/2023] +Ah Heng: 800 was release to affiliated phv rental firms all run by the ah beng ah seng under 30ssss

[2:52 pm, 05/05/2023] +SL: I think is “explore the opportunity to disable these leos when necessary when it flows over sensitive zone during a particular timing”, right?

[2:53 pm, 05/05/2023] +Ah Heng: so what this article talking about

[2:54 pm, 05/05/2023] +Ah Heng: as long as it is a 4 wheel passenger is a car that falls under that 2-3 categories

[2:54 pm, 05/05/2023] +Ah Heng: the squeeze we see is the number of coe available for that window

[2:54 pm, 05/05/2023] +Ah Heng: while the demand at that period is high or low

[2:55 pm, 05/05/2023] +Sh Koh: Many experts suggest remove Ph as they compete in COE. Taxi was removed from bidding process since 2012. With more leasing company now it is driving up demand from same pool.

[2:55 pm, 05/05/2023] +Ah Heng: coe is still tag to taxi till today hor

[2:56 pm, 05/05/2023] +Ah Heng: and PHV industry is the one that is driving coe

[2:56 pm, 05/05/2023] +Ah Heng: cos how many phv vehicals today are on the road

[2:56 pm, 05/05/2023] +Ah Heng: easily 50k

[2:56 pm, 05/05/2023] +Ah Heng: cos PHV holders is easily 88k the last mkt source share

[2:56 pm, 05/05/2023] +Ah Heng: ok we minus out for sincerity 30k are taxi drivers (automatically phv holders)

[2:57 pm, 05/05/2023] +Ah Heng: 50k pure estimated phv drivers

[2:57 pm, 05/05/2023] +Ah Heng: how may companies is required to support these 50k drivers and cars

[2:57 pm, 05/05/2023] +Ah Heng: let's assume if PHV did not excist from then till now will our dear coe figure bump so high ?

[2:57 pm, 05/05/2023] +SL: This is secondary control on the car purchased. For example, 5 vehicles In a household, 3 of the car's usage is below a particular use threshold. The next 3 replacement car purchases will require 200 times on top of market + coe prices. Will this work?

[2:58 pm, 05/05/2023] +SL: Thanks for sharing

[2:58 pm, 05/05/2023] +Ah Heng: but also consider how much revenue will 50k coe bring on paper value and taxes and the mthly maintenance and expenditure

[2:58 pm, 05/05/2023] +Ah Heng: which came in just nice to cushion the covid period of 24mths

[2:59 pm, 05/05/2023] +Ah Heng: so for those who cannot afford my word to them ... well dun blame the govt ..

[3:00 pm, 05/05/2023] +Ah Heng: blame those who game the system with their resources

[3:00 pm, 05/05/2023] +Ah Heng: the choice is up to you .. be dead or be free from debt

[3:00 pm, 05/05/2023] +Sh Koh: It is ok for PHV to exist just different categories or not in present bidding system.

[3:00 pm, 05/05/2023] +Ah Heng: not possible

[3:00 pm, 05/05/2023] +Ah Heng: count the revenue lost

[3:01 pm, 05/05/2023] +Ah Heng: and the water fall effect ....

[3:01 pm, 05/05/2023] +Ah Heng: aka these phv cars cannot be sell to the public like taxi

[3:01 pm, 05/05/2023] +Ah Heng: is going to dent the phv market cos sometimes they sell the car out as 2nd hand

[3:02 pm, 05/05/2023] +Sh Koh: Taxi also cannot be resold as 2nd hand car. They serve a public services. So do PHV have obligation.

[3:05 pm, 05/05/2023] +Ah Heng: the govt dun see PHV as a public transport

[3:05 pm, 05/05/2023] +Ah Heng: Taxi liek i share before is not a public transport class

[3:05 pm, 05/05/2023] +Sh Koh: If revenue is main intention of coe.. then there is no need to discuss further. Govt and hand over the market to private or big boys to run.

[3:06 pm, 05/05/2023] +Ah Heng: is call luxury chauffertransport

[3:06 pm, 05/05/2023] +Ah Heng: coe is a dual purpose knife

[3:06 pm, 05/05/2023] +Ah Heng: same like erp

[3:06 pm, 05/05/2023] +Ah Heng: really thing is to control

[3:06 pm, 05/05/2023] +Ah Heng: if really control den no need price tag liao

[3:06 pm, 05/05/2023] +Ah Heng: just go by NRIC ballot

[3:08 pm, 05/05/2023] +Sh Koh: I do not same your view.

[3:08 pm, 05/05/2023] +Ah Heng: is not my view

[3:08 pm, 05/05/2023] +Ah Heng: is what is share in taxi lesson

[3:08 pm, 05/05/2023] +Fulgrim: I dunno what you are implying

[3:09 pm, 05/05/2023] +Ah Heng: thus phv and taxi are not public transport

[3:09 pm, 05/05/2023] +Ah Heng: is a service for the public

[3:09 pm, 05/05/2023] +Fulgrim: I already said is side effect that needs to be dealt with and taken in to account. This will generate social costs which also need to be managed

[3:10 pm, 05/05/2023] +Fulgrim: Only looking at the good and ignoring the bad is asking for longer term trouble

[3:11 pm, 05/05/2023] +TD: Come up with 2 classes of COE

[3:11 pm, 05/05/2023] +SL: Phc and taxi is consider point to point travel options by lta

[3:11 pm, 05/05/2023] +TD: Class 1 - SG COE

[3:11 pm, 05/05/2023] +TD: Class 2 Open

[3:12 pm, 05/05/2023] +Ah Heng: point to point not public transport ... thus lta is there is to regulate only the term public trabsport does not apply to both

[3:12 pm, 05/05/2023] +Ah Heng: so sg coe no need to pay or pay minimal (like hdb)

[3:12 pm, 05/05/2023] +Ah Heng: open will let it sore till the roof break hahaha

[3:13 pm, 05/05/2023] +TD: Class 1 - SG COE pegged to HDB Singaporean house hold. 1 per household. Free.

Class 2 - Open COE. SG households who choose not to use the COE can offer it up for sale in open market.

Foreigners/PRs/Rich people staying in Private can bid here.

Nett effect is the same amount of cars still. But normal Singaporeans will stop complaining about COE

[3:14 pm, 05/05/2023] +Ah Heng: good idea ....

[3:14 pm, 05/05/2023] +Ah Heng: this one might work

[3:14 pm, 05/05/2023] +Smiley face: Hi Fulgrim,

Can you elaborate on the bads and the side effects.

Thank you.

[3:14 pm, 05/05/2023] +Ah Heng: seems to kill 2 birds with one stone

[3:14 pm, 05/05/2023] +Ah Heng: but bet coe1 will be allocated very limited like maybe that mth 700 only 150 will be in 1 and teh rest all lump to open hahahaha

[3:15 pm, 05/05/2023] +Ah Heng: but again this might not be able to control coe level for grp1

[3:15 pm, 05/05/2023] +TD: about 1 million vehicles on road, 1 million SG citizen household. about equal. Slowly ballot to release the supply

[3:15 pm, 05/05/2023] +TD: COE for grp 1 is free

[3:15 pm, 05/05/2023] +Ah Heng: cos those rich one will be the highest possible

[3:15 pm, 05/05/2023] +SL: Point-to-point travel options govern under the point to point passenger transport industry act 2019, which is different from the public transport council act 1987


[3:15 pm, 05/05/2023] ☸️  Danny εΏƒ: 

If registered as company car, but always park in same home address (can be tracked by ERP II GPS) or buy public car park label - the same address as private car - then consider 2nd cars - subject to same Coe ABSD 60% + road tax 160%.

Loopholes easy to plug.


[3:15 pm, 05/05/2023] +TD: if Grp one dont use, can sell in crp 2

[3:16 pm, 05/05/2023] +Smiley face: Ah Heng, Money making for class 2 papers!

After collecting the money, later on go buy a second hand car. 

Using kids name under different roofs.

[3:16 pm, 05/05/2023] +Ah Heng: good mah extra income for residents here

[3:16 pm, 05/05/2023] +Ah Heng: like renting of properties

[3:16 pm, 05/05/2023] +TD: Possible. If kids don't want to have a car. But HDB households only. Comdo - buy in Grp 2

[3:17 pm, 05/05/2023] +TD: Stops most Singaporeans complaining about HDB

[3:17 pm, 05/05/2023] +TD: Side effect of supporting HDB prices and flattening condo prices

[3:17 pm, 05/05/2023] +TD: win win

[3:17 pm, 05/05/2023] +Ah Heng: and limit to c=grp 1 only 1 car per address

[3:17 pm, 05/05/2023] +Ah Heng: max is 1 car + 1 bike

[3:18 pm, 05/05/2023] +Smiley face: Open a leasing company, buy up these class 2 papers...

Then collaborate with the funding from the Rich or the newly arrived and start a new economic profits center!

[3:18 pm, 05/05/2023] +TD: only Foreigners will complain. I don't really care about that side effect.

[3:18 pm, 05/05/2023] +Smiley face: Heng Ah, Huat Ah!

[3:25 pm, 05/05/2023] +Smiley face: "You see,...whenever there is a spread or sizable margin, the next is attractions to participate and speculate especially if it is highly volatile and transfer of titles make easier or the creation of flexible economic activities! That's greed and growth!"

- - anonymity

[3:26 pm, 05/05/2023] +Smiley face: Drawing a baseline from fixed deposit rates of say 4%...the rest are history!

That's an opportunity cost!

[3:32 pm, 05/05/2023] +Smiley face: Internet, higher tech and automotive (EVs) are three big spinner...3x to 10x of returns!

So how each country trades with one another will be another policy and the trades agreement itself will spell these competitive and comparative advantages from this to that...

It will filter to the microeconomics of a country.

Today's topic is vehicle and vehicle lite!

 

[3:32 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Wonder can such privilege be tightened like house ownership - ABSD.

One car 0% ABSD.

2 cars 60% ABSD.

3 cars 60% + 60% ABSD.

Not per person but per household apply to all occupants staying in the same address.


[3:34 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Wonder why promote privilege and heighten social class divide for the very rich and ultra rich against the rest of the population?


[3:35 pm, 05/05/2023] +REACH: Parliament to discuss rise in COE prices, hear ministerial statement on Singaporeans' transport needs

πŸ‘‰πŸ» https://www.channelnewsasia.com/singapore/coe-prices-parliament-order-paper-may-8-transport-ministerial-statement-3467096

[3:35 pm, 05/05/2023] +Ah Heng: anyway check our CNA parliament is going to talk about COE

[3:35 pm, 05/05/2023] +Ah Heng: ooooo reach also reading CNA hahahaha

[3:36 pm, 05/05/2023] +Rama: Iras would be interested to know if the taxes are in order.

[3:37 pm, 05/05/2023] +Ah Heng: that policy seems to cover for the rich hahahaha

[3:37 pm, 05/05/2023] +Ah Heng: cos they know majority here cannot afford more than xxx number of cars

[3:38 pm, 05/05/2023] +Ah Heng: pre-covid days i know my camp mate stay hdb but because working in OnG owns 2 cars and 3 motor bike

[3:39 pm, 05/05/2023] +Rama: Low profile

[3:42 pm, 05/05/2023] +Smiley face: What's the consideration?

You take away some and you need to give in elsewhere?

Thanks Danny for the idea!

 




[3:42 pm, 05/05/2023] ☸️  Danny εΏƒ: 

Can the multiple car ownership be tightened?

This can free up more than 70,650 Coe for households that require to own cars.


[3:42 pm, 05/05/2023] +Smiley face: "Population is about people; Policy is to achieve a balance for as many people as possible..."

- - anonymity

[3:43 pm, 05/05/2023] +Smiley face: 70,650 is the opportunity cost to many stakeholders.

[3:43 pm, 05/05/2023] +Ah Heng: but wait lets ask ourselves the real question

[3:43 pm, 05/05/2023] +Ah Heng: is the system broken and not serving its purpose

[3:43 pm, 05/05/2023] +Ah Heng: cos coe is like buying a limited edition bag

[3:43 pm, 05/05/2023] +Ah Heng: when one cannot get the slot to buy the bag do you blame the system

[3:44 pm, 05/05/2023] +Ah Heng: but when it comes to coe why is people blaming the system -> is it because is a govt thing ?

[3:44 pm, 05/05/2023] +Ah Heng: aka like rolex watches

[3:44 pm, 05/05/2023] +Smiley face: Urban renewals and livability

[3:44 pm, 05/05/2023] +Ah Heng: is the market screaming and cursing rolex for not releasing more watches despite rising prices

[3:45 pm, 05/05/2023] +Ah Heng: noted 2nd hand market for rolex jump 1fold for basic model while higher end can jump 2 folds or more so why are we not seeing the spolit brats of the public screaming ?

[3:46 pm, 05/05/2023] +Ah Heng: maybe rolex no one can bring close to their hearts ... say mcdonalds toys instead

[3:46 pm, 05/05/2023] +Ah Heng: when it ran out why did not the public create a big who har....

[3:47 pm, 05/05/2023] +Ah Heng: but for govt related like national day ticket ballot, hdb ballot , sure to have public voices

[3:47 pm, 05/05/2023] +Ah Heng: so could the problem be .. us the public ...

[3:47 pm, 05/05/2023] +Smiley face: That's Bernard Arnault secrets of success!

[3:52 pm, 05/05/2023] +Smiley face: Public

[3:53 pm, 05/05/2023] +Smiley face: Voices

[3:58 pm, 05/05/2023] +Smiley face: How to measure policy?

Happinesses index

Economics index

Efficiency index

Effectiveness index

Public sentiments index

[3:59 pm, 05/05/2023] +Smiley face: "A policy is a course of action for tackling a political problem. Policymaking is itself a process; it is conceived by public or private groups who formulate strategy with regard to a political issue, and carried out by government officials who implement policies as concrete programs and actions. Policymaking thus refers not only to the end result of policies, but more generally to the analysis of government decisions and the way in which different groups attempt to get government policymakers to act in a particular way."

- - Harvard University

[4:04 pm, 05/05/2023] +REACH: πŸ“’ Topic πŸ“’

Certificate of Entitlement (COE) premiums closed mostly lower on Thursday (May 4), the first bidding exercise under the new quota for the quarter. Motorcycle premiums closed at S$5,002 - a sharp drop from the S$12,179 in the last exercise.

The sharp fall brought the motorcycle COE price back to a level last seen in March 2020, when it was $4,489. It came after the Land Transport Authority (LTA) raised the bid deposit for motorcycle COEs from $800 to $1,500 from May, and required the COE to be used within a month instead of three months.

πŸ’¬ What are your views on private vehicle ownership aspirations in Singapore? Are the current public transport infrastructure sufficient to encourage a car-lite society? 

Other COE prices also ended mostly low…

[4:06 pm, 05/05/2023] +Ah Heng: see this is what not make sense -> But for now, it remains "extremely high", and many are still willing and able to pay.

[4:06 pm, 05/05/2023] +Ah Heng: willing to pay .....

[4:07 pm, 05/05/2023] +Ah Heng: aka these willing to pay must be those at the higher end of pay scale or those from companies

[4:08 pm, 05/05/2023] +Smiley face: Affordable COE for motorcycles is one helpful way for the platform workers or delivery  services.

A good start to smaller this cat!


[4:09 pm, 05/05/2023] ☸️  Danny εΏƒ: 

That's there is no consistency in policy application.

Housing lands is a premium, a scacre resources - hence encourage 1st ownership but discouraged ownership more than 1 houses.

Road is also a scarce resources - land premium.

Why the same logic of discouraging more than 1 car ownership that use up scarce land road - does not apply like housing ABSD?


[4:09 pm, 05/05/2023] +Smiley face: These workers need to feed their families!

It is a good start to equalise this group of users.

Thank you

[4:13 pm, 05/05/2023] +Smiley face: Many of these motorbikes are under the hired purchase scheme.

Only after fulfilling 6 months of instalments, they can go for the next new bike.

Isn't this creating more bikes on the road given a fixed amount of COE for this cat?

[4:16 pm, 05/05/2023] +Smiley face: This concept is in play, now...

[4:17 pm, 05/05/2023] +Smiley face: Sit down with a biker and you will know the mechanics of how things work...

[4:18 pm, 05/05/2023] +Smiley face: Sit down with many home buyers ...you will know the brick and mortar works!

[4:19 pm, 05/05/2023] +Smiley face: Sit down with the crooks, you will know the routes!

[4:21 pm, 05/05/2023] +Smiley face: Including DRUGS! it's beyond CNB, VSC etc

[4:21 pm, 05/05/2023] +Ah Heng: everything will have its loop hole

[4:21 pm, 05/05/2023] +Smiley face: Unless blind!

[4:21 pm, 05/05/2023] +Ah Heng: no matter how tight the policies ahhh

[4:22 pm, 05/05/2023] +Smiley face: Is not able tightness!

Is about fit!

[4:23 pm, 05/05/2023] +Smiley face: Go back to that concept....SEE , think deeper and craft your policy

[4:24 pm, 05/05/2023] +Smiley face: “A policy is a temporary creed liable to be changed, but while it holds good it has got to be pursued with apostolic zeal.” ~ Mahatma Gandhi

[4:24 pm, 05/05/2023] +Smiley face: "Learn how to see. Realize that everything connects to everything else."

- - Leonardo da Vinci

[4:25 pm, 05/05/2023] +Jimmy Chew: Same applies with citizens they know why you are sitting with me.. to learn, to scold, to make a joke of me or to really care and rectify. We see many sit for a few hours and say I know it all hahahaha

[4:26 pm, 05/05/2023] +Jimmy Chew: Because of time . I need to get it done so that they can show it's rectified.

[4:34 pm, 05/05/2023] +Smiley face: Thank you Jimmy,

It's more than a cup of kopi or tea or mee!

Dig deeper and you will the meanings!

Then you Craft the policy!

Sounds like hardworking?

[4:35 pm, 05/05/2023] +Smiley face: Or 6,7,8,9 and 1,2,3

[4:37 pm, 05/05/2023] +Smiley face: "you see, the world history is like a non fiction book in writing, from the prologue and into the subsequent chapters, full of stories and is still a work in progress. Hopefully it doesn't reach the epilogue page...!"

- - anonymity

[4:37 pm, 05/05/2023] +Smiley face: The same goes for policymaking!

[4:38 pm, 05/05/2023] +Smiley face: Looking out for the unintentional!

[4:39 pm, 05/05/2023] +Smiley face: That's how WAR and WARGAMES are created!

[5:47 pm, 05/05/2023] +Jimmy Chew: Haha toddy I encounter someone who fudge the numbers to justify his policy after some digging deeper it tells a different story. Haha maybe we assume people see like us innocent and truthful, not knowing others may want their way

[5:48 pm, 05/05/2023] +Jimmy Chew: Or are nefarious


[5:54 pm, 05/05/2023] ☸️  Danny εΏƒ: https://www.channelnewsasia.com/business/artificial-intelligence-ai-tech-giants-moral-duty-white-house-chatgpt-3463096#:~:text=White%20House%20says%20tech%20giants%20have%20%27moral%27%20duty%20on%20AI

The White House on Thursday (May 4) told the CEOs of US AI giants that they have a "moral" responsibility to protect society from the potential dangers of artificial intelligence.

Vice President Kamala Harris had summoned the heads of Google, Microsoft, OpenAI and Anthropic to strategise about the impact of AI, afraid that companies are running blindly into technology that could pose serious harms to society.


[6:02 pm, 05/05/2023] +REACH: πŸ“’ Topic πŸ“’

Certificate of Entitlement (COE) premiums closed mostly lower on Thursday (May 4), the first bidding exercise under the new quota for the quarter. Motorcycle premiums closed at S$5,002 - a sharp drop from the S$12,179 in the last exercise.

The sharp fall brought the motorcycle COE price back to a level last seen in March 2020, when it was $4,489. It came after the Land Transport Authority (LTA) raised the bid deposit for motorcycle COEs from $800 to $1,500 from May, and required the COE to be used within a month instead of three months.

πŸ’¬ What are your views on private vehicle ownership aspirations in Singapore? Are the current public transport infrastructure sufficient to encourage a car-lite society? 

Other COE prices also ended mostly low…

[6:29 pm, 05/05/2023] +Shobith: Government’s intention for a car-lite society, coupled with heavy investment on boosting the public transport facilities is noble and commendable – fully support this. 

With the above, I would share a perspective based on my life stages. 

While I was single/student/ unmarried – Public transport is fine, taking MRT, buses and the occasional taxi served my needs. 

Married – Public transport is sufficient and my partner too is used to it – getting to work, shopping or any marketing needs are fully covered.

With kids – The struggle begins, when you have to gather all your belongings for the kid – nappies, stroller and the rest, MRT and bus – not an easy task to get around. Why not taxi or grab or car sharing? – Grab they do not take you with the kids, Taxi/Car s…

[6:45 pm, 05/05/2023] +Smiley face: "Right is right, even if nobody does it. Wrong is wrong, even if everybody is wrong about it."

- - G.K. Chesterton

[6:46 pm, 05/05/2023] +REACH: Dear Contributors,

⏰ We will be closing the chat in 15 minutes ⏰

Thank you very much for being part of our WhatsApp chat and participating actively.

Goodnight!

Megan 😊

[6:58 pm, 05/05/2023] +Smiley face: 5 May, 2023

Mismatching and the Costs of Chance

"Mismatch can occur in a sector or sector to sector of an economy. 

Mismatching of policy and its intent may affect the effectiveness or efficiency and productivity,...it's about a Population."

- - anonymity

Policy making?

A policy will change a person's means and meaning in their existential livings! Policy is like a Tom & Jerry cartoon, on occasions a few muse finding the loopholes while others feeling short changed? 

Land, labor and capital; each has an impact on cost and opportunity to gain or to lose. Using data to make a decision or a policy is one prudent way though there are more methods to consider too. One example is to legislate, regulate, and funds to enhance and encourage the scaling process and abilities for businesses especially SMEs to find bigger markets, thicker margins and higher economic profits. 

Buying a car now? It is a big bracket item because it can cost from a third of a HDB flat or a HDB flat!

Buying a motorcycle? For the purpose of work, it is an essential tool for this person.

How about a commercial van? It is also an economic tool to run the daily business transactions.

All the above transportations zoom to one word, that is utility and the other considerations are opportunity cost and affordability!

How about creating more Cats into the COE?

Motorcycle - basic and high-end (EVs)

Commercial vehicles - vans &  light lorry, heavier lorry, and heaviest and multi-wheeler (EVs)

Cars - basic, luxury, high-end (include all EVs)

Open Cat can be used for any in of the above Cats?

Total 9 Cats in this COE system.

How to win the hearts and the souls? Look for sweet spots η”œε€΄, and make it sooner than later!

Afterwords:

Pandemics, Economics crisis, Wars (PEW). All bad or good things come in three and so far the world has witnessed two WW!

Population crisis, Costs crisis Job Crisis, Medical crisis, Climate crisis, and counting!

    - - in progress - -

[7:00 pm, 05/05/2023] +REACH: Dear Contributors,

We will be closing the chat for today.

Thank you very much for being part of our WhatsApp chat and participating actively.

Goodnight!

Megan 😊


=====

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