REACH 498 - What are your views on the progressive increase in water price? How can we better support lower and middle income households for basic necessities to remain affordable amidst rising cost of living?
(SK)
28 Sep 2023 (10am - 7pm)
REACH
28/09/2023, 9:45 am - +REACH: *Dear Contributors,*
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Megan 😊
28/09/2023, 9:58 am - +REACH: 📢 *Topic* 📢
The national water agency PUB announced on Wednesday (Sep 27) that water prices in Singapore are set to increase by about 18% within the next two years. Potable water currently costs S$2.74 (US$2.01) for every 1,000 litres, or per cubic metre, before tax for most households. The increase translates to an additional 50 cents per cubic metre. It will be split over two phases: 20 cents on Apr 1, 2024 and 30 cents on Apr 1, 2025.
💬 *What are your views on the progressive increase in water price? How can we better support lower and middle income households for basic necessities to remain affordable amidst rising cost of living?*
📌 _*How will households be affected*_
According to data, the average one – and – two-room HDB flats currently pay S$25 a month, while five-room flats pay S$48 before GST. Following the full price increase, PUB has estimated that they will face monthly charges of S$29 and S$57, respectively. Both HDB and non-HDB households are expected to experience an average monthly increase of S$7 and S$8, respectively.
📌 _*Reasons for the price increase*_
PUB stated that the cost of water production and supply has been steadily rising. They emphasize the need to increase investments in local water infrastructure, particularly in weather-resilient Newater and desalinated water, in order to prepare Singapore for the challenges of drier periods resulting from climate change.
📌 _*Assistance provided for lower – and middle- income households*_
Lower-and middle-income households will receive assistance to mitigate a portion of the price hike. Deputy Prime Minister and Finance Minister Lawrence Wong will announce additional cost-of-living support measures for Singaporeans today on 28 September.
👉 [ST] S’pore water price to rise by 50 cents per cubic m by 2025; lower-and middle-income families to get help : https://www.straitstimes.com/singapore/s-pore-water-price-to-rise-by-50-cents-per-cubic-m-by-2025-lower-middle-income-families-to-get-help
👉 [CNA] Singapore to raise water prices by 18% over two phases in 2024 and 2025: https://www.channelnewsasia.com/singapore/water-prices-singapore-increase-two-phases-vouchers-3796726
👉 [ST] Cost of delivering water continues to rise and will need to be reflected in water prices : Amy Khor : https://www.straitstimes.com/singapore/cost-of-delivering-water-continues-to-rise-and-will-need-to-be-reflected-in-water-prices-amy-khor
28/09/2023, 9:59 am - ~ REACH Singapore changed the group description
28/09/2023, 10:00 am - ~ REACH Singapore changed this group's settings to allow all participants to send messages to this group
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28/09/2023, 10:05 am - +Smiley face: "When the price of oil increased, the costs of living will soup up. The degree and difference of this multiplier effects vary and drinking water and commercial water are among the essential commodities affected because its need energy to purify and redistribute for all to use. How about the prices of food? Food, Energy and Water!" (前无路，后无步)
- - anonymity
28/09/2023, 10:06 am - +Rama: How much will the subsidies keep rising to keep pace with cost? Will means testing be revised!?
28/09/2023, 10:07 am - +Frankie Wee: News said new technology innovation water project. What is new innovation?
28/09/2023, 10:10 am - +Frankie Wee: Water collect from sea production to NEWater by pub?
28/09/2023, 10:11 am - +Frankie Wee: Everything cost go up when govt can support subsidised middle and low income. Those are living in 2-3 room
4room to exec apartments considering less subsidies
28/09/2023, 10:13 am - +Japanese words: This message was deleted
28/09/2023, 10:13 am - +Frankie Wee: Wondering govt’s reverse have enough to keep on spent Singapore future building environment and infrastructure
28/09/2023, 10:13 am - +Japanese words: This message was deleted
28/09/2023, 10:14 am - +Japanese words: Oops is on water
28/09/2023, 10:14 am - +Frankie Wee: Adjust wage salary higher income when new Ai job replacement human worker
28/09/2023, 10:14 am - +~L: I worry all people are reading these days is about price increase well above pay increases. We read about how AI and Tech is bring greater efficiency but then why do prices increase?
28/09/2023, 10:14 am - +Japanese words: 😅
28/09/2023, 10:14 am - +Japanese words: Water no issue 😂
28/09/2023, 10:14 am - +Japanese words: I thought housing
28/09/2023, 10:14 am - +Frankie Wee: lol
28/09/2023, 10:14 am - +Japanese words: $10 more to be frank.. for more than 5k income
28/09/2023, 10:14 am - +Frankie Wee: Water is big project cost a lot money than other
28/09/2023, 10:14 am - +Japanese words: Just one less dinner out
28/09/2023, 10:15 am - +Smiley face: The Future test may include individuals and households's LIQUIDITY, aka your bank balance?
It's an easy task to determine such a liquidity test!
28/09/2023, 10:15 am - +~L: We must be careful not to waste water, energy etc, but is this the right way to do it? Why not have progressive pricing so everyone gets the basic need at low cost and then pays heavily for excessive use?
28/09/2023, 10:15 am - +Japanese words: We are paying for water very cheap.. but over long run it affects operation cost hence means total increase in everyday things..
28/09/2023, 10:15 am - +Smiley face: Old way of penalty?
28/09/2023, 10:15 am - +Japanese words: So not just $10
28/09/2023, 10:16 am - +Japanese words: How are we managing it? Does industry pay higher as well… or just household water?
28/09/2023, 10:16 am - +Japanese words: What I understand industrial water fee is already higher
28/09/2023, 10:16 am - +Smiley face: Yes, commercial use costs more than residential use.
28/09/2023, 10:17 am - +~L: For example $20 for the first 10,000 litres, and then $30 for the next 10,000and $50 for the next 10,000+
28/09/2023, 10:17 am - +Rama: Yet to hear about electricity price increase!?
28/09/2023, 10:17 am - +~L: This would encourage low usage, and those who waste pay more.
28/09/2023, 10:17 am - +Frankie Wee: Because of oil cost going up
28/09/2023, 10:17 am - +Japanese words: Err if you can afford.. really don’t think so
28/09/2023, 10:17 am - +Rama: So, hide your cash under the pillow or in biscuit t8ns!?
28/09/2023, 10:18 am - +Japanese words: Only affect the low wages more
28/09/2023, 10:18 am - +Smiley face: Just don't fire and burn!
28/09/2023, 10:18 am - +~L: Currently it's $23 per 10k litres
28/09/2023, 10:18 am - +Japanese words: Still affordable 😅 I think
28/09/2023, 10:18 am - +Rama: This message was deleted
28/09/2023, 10:18 am - +Rama: Or eaten by rodents!?
28/09/2023, 10:19 am - +~L: So 50k litres costs $115. I'm suggesting we keep low price for low usage and only charge for high usage.
28/09/2023, 10:19 am - +Smiley face: How much water does a person drink per day?
How much water does a person use per day for showering and washing clothes and cooking?
28/09/2023, 10:19 am - +Japanese words: My household super high usage… but then again if I cut down on eating out or go out.. technically high usage don’t justify spending more 😅
28/09/2023, 10:20 am - +Rama: Water savings taps and others must be the norm for household and businesses!
28/09/2023, 10:20 am - +~L: The usage stats are here
28/09/2023, 10:20 am - +Japanese words: Travel you take transport, also more than your one day air con bill.. 😅 and if you don’t eat out
28/09/2023, 10:20 am - +Rama: Yes
28/09/2023, 10:21 am - +Rama: More in a home, higher the utility bill!
28/09/2023, 10:21 am - +Smiley face: Assuming 3 liters per person per day?
28/09/2023, 10:22 am - +Japanese words: <Media omitted>
28/09/2023, 10:22 am - +Smiley face: 1.5 litres for drinking and the rest for other uses...
28/09/2023, 10:23 am - +Japanese words: Exactly…
28/09/2023, 10:23 am - +Japanese words: Specially if you work from home and cook often
28/09/2023, 10:23 am - +Smiley face: $7.0 per person per day cost of water?
($2.3 per liter?)
28/09/2023, 10:23 am - +Rama: Yes
28/09/2023, 10:24 am - +Japanese words: I gave up on thinking I waste money on air con but at work no need.. but I don’t travel so give and take Lor
28/09/2023, 10:24 am - +Frankie Wee: Who love pet fish a lot water every monthly daily change
28/09/2023, 10:24 am - +Japanese words: Comfortable work environment is key to keeping sane
28/09/2023, 10:24 am - +Rama: True
28/09/2023, 10:24 am - +Rama: Gardening too!
28/09/2023, 10:24 am - +Japanese words: Depends.. I only top up don’t change water lol
28/09/2023, 10:25 am - +Japanese words: My tank natural evaporation is 20 litre per 2 week
28/09/2023, 10:25 am - +Japanese words: Reuse for watering plants
28/09/2023, 10:25 am - +Frankie Wee: Keep spending on filters recycling water
28/09/2023, 10:25 am - +Japanese words: Err filter no need change if you don’t feed too much…
28/09/2023, 10:26 am - +Japanese words: <Media omitted>
28/09/2023, 10:28 am - +Coconut Tree: https://www.straitstimes.com/singapore/tuas-water-reclamation-plant-on-track-for-2026-opening-despite-rising-costs
28/09/2023, 10:28 am - +Coconut Tree: I suspect a lot of the additional cost is to fund these infrastructure works
28/09/2023, 10:28 am - +Coconut Tree: needed for our water security in the future
28/09/2023, 10:29 am - +Coconut Tree: To be fair, even with 18% more, water in Singapore is still cheap
28/09/2023, 10:30 am - +Rose M K Ho: B4 we start the discussion,
I wud just like Reach to note :
With the recent announcement of _added responsibilities to Deputy PM Lawrence Wong's portfolio_,
I think we shd discuss this topic 👆🏻 as I feel strongly tt
ther may be a _conflict of interest_ tt One Person should hold similar roles:
• as Chairman of GIC,
• As Chairman of MAS
and be Finance Minister
all dealing with our finances .... at the same time.
Shouldn't ther be a check & balance by a second person , (2nd key),
just like how lawyers / solicitors
are not allowed to hold or receive any anticipatory conveyancing money to settle a client's property matters?
Basically, my point is tt
ther shd not just be One custodian of our finances -
since ther r 2 keys to decide on the use of our Reserves (Gov + President),
*ther shd also be 2 keys to safeguard our Finances*.
*Reach* - 👆🏻
*This shd be a topic for discussion another day*.
Kindly consider for next discussion.
Thank you.
28/09/2023, 10:30 am - +Frankie Wee: Water treatment plants use recycled
28/09/2023, 10:37 am - +Coconut Tree: Yeah - It's a NEWater plant actually. They just didn't' want to put the name inside.
Recovering newater from used water.
28/09/2023, 10:37 am - +Coconut Tree: *Disclaimer* I'm working on that project
28/09/2023, 10:38 am - +Sam: If there in an increase in expenditure that government cannot fully fund it without cutting expenditure somewhere or dipping into reserve, but can partially fund it. Government will get everyone to bear the cost of increase and channel what ever available fund to help the lower income to cushion the impact. We should not have the mentality that government should pay for all or dip into reserve, else we are done
28/09/2023, 10:39 am - +Jimmy Chew: I thought now we're adding 95 percent into the reservoir for new water? they meant building more newater facilities?
28/09/2023, 10:39 am - +Sam: Anyway water security is a big issue for Singapore, the expenditure is necessary. Use less water or treat it as doing something for the nation
28/09/2023, 10:40 am - +Frankie Wee: Future Singapore water underground saving when there is crisis water in Malaysia
28/09/2023, 10:40 am - +Coconut Tree: Yeah. TWRP in Progress, CCK expanding and addding on, one more in Changi
28/09/2023, 10:41 am - +Coconut Tree: Lots more NEWater incoming
28/09/2023, 10:42 am - +Jimmy Chew: you have a point, but I am okay with it because it's good for him to have his hands in these, to gain inner workings of the whole financial systems. Arms legth understanding and deepwork involving is totally different.
28/09/2023, 10:56 am - +Frankie Wee: Malaysia future may facing crisis
28/09/2023, 10:56 am - +Frankie Wee: https://www.scmp.com/week-asia/health-environment/article/3208217/malaysia-gets-3-metres-rainfall-year-yet-millions-dont-have-enough-clean-drinking-water-why
28/09/2023, 10:57 am - +Frankie Wee: Singapore will have save enough underground product NEWater
28/09/2023, 11:12 am - +REACH: *$1.1b Cost-of-Living Package: Up to $200 cash for 2.5m S’poreans, $200 CDC vouchers for S’porean households*
👉🏻 https://www.straitstimes.com/singapore/11b-cost-of-living-package-up-to-200-cash-for-25m-s-poreans-200-cdc-vouchers-for-s-porean-households
👉🏻 https://www.channelnewsasia.com/singapore/cash-payouts-cdc-vouchers-singaporeans-cost-living-water-prices-3804691?cid=internal_sharetool_androidphone_28092023_cna
28/09/2023, 11:15 am - +Sam: So instead of using $1.1 billion to pay for water hike. The money goes to those who really need it. Let those who use water excessively pay for it.
28/09/2023, 11:18 am - +Frankie Wee: It’s good idea 👍
28/09/2023, 11:24 am - +Japanese words: <Media omitted>
28/09/2023, 11:25 am - +Japanese words: Once you hit a tier you paying 50% more
28/09/2023, 11:26 am - +Japanese words: This message was deleted
28/09/2023, 11:27 am - +Japanese words: <Media omitted>
28/09/2023, 11:41 am - +Rama: Water and electricity causes
28/09/2023, 11:55 am - +Frankie Wee: <Media omitted>
28/09/2023, 11:56 am - +Frankie Wee: It’s not bad excellent Mr Lawrence
28/09/2023, 12:34 pm - +Rama: The carrot always comes before the stick
28/09/2023, 12:41 pm - +Mac: give 5 take 10 hahaha
28/09/2023, 12:42 pm - +Rama: Give chicken wing but tax base on whole chicken!
28/09/2023, 12:47 pm - +Smiley face: A contingency plan, hopefully not, SG may once again use its reserves to buffer the possibilities of global economics meltdown unseen since the previous one in 2008/09.
If it happens, it will be a new crisis, no precedent, and it may drag into 2030/32?
28/09/2023, 12:48 pm - +Smiley face: "The War on Food, Energy and Water."
28/09/2023, 12:48 pm - +Rama: Please be prudent when touching our reserves with utmost care!
28/09/2023, 12:50 pm - +Smiley face: Yes, it will be a longer game of attrition.
Please read Jamie Dimon CNBC comments.
28/09/2023, 12:50 pm - +Smiley face: https://www.cnbc.com/2023/09/26/dimon-warns-that-fed-could-still-lift-interest-rates-sharply-from-here.html
7% interest rates???
28/09/2023, 12:51 pm - +Poh S Lim: Tharman’s new job role 😁
28/09/2023, 12:52 pm - +Frankie Wee: It’s going hurt more in countries economy
28/09/2023, 12:53 pm - +Rama: Questions like OTC!?
28/09/2023, 12:53 pm - +Smiley face: The way to kill inflation must be fast and furious; it cannot be dealt slowly! Because the unintended consequences and damages done by inflation are so painful so it is out of control!
Then you raise the interest rates and it is too little and too late! That's the present situation!
28/09/2023, 12:54 pm - +Rama: Agree
28/09/2023, 12:57 pm - +Bhavani: Hi those suffering with multiple serious conditions that affect their mobility also need subsidies.
28/09/2023, 12:57 pm - +Bhavani: even if they are living in a 4 room
28/09/2023, 12:57 pm - +Smiley face: Can we say that " SG is too small to fall"?
Because we have the buffer to withstand the coming Global economics crisis unseen since 1949?
The key to everything and everyone is "margin of error", only with thick margin, one will survive the sweep of any future crisis!
So leadership at all levels is the crucial element of success!
28/09/2023, 12:57 pm - +Rama: Agree
28/09/2023, 12:58 pm - +Rama: Assets rich but cash poor should not be a factor!
28/09/2023, 12:58 pm - +Rama: Possibly can fall!
28/09/2023, 12:58 pm - +Frankie Wee: 4room sold million dollars higher than the rest small room
28/09/2023, 12:59 pm - +Rama: True
28/09/2023, 12:59 pm - +Smiley face: Inflation
28/09/2023, 1:03 pm - +Frankie Wee: Living in apartments luxury is richer when they move living in HDB they save for retirement. But the rest of people’s middle to low income unaffordable housing because it’s old affected the market index upward transaction recorded. But bear it middle to low income households will need seek support govt cost of living (inflation)
28/09/2023, 1:05 pm - +Frankie Wee: On the other hand MOM would seek company to revise salary starter $1,800 to $3,000.
28/09/2023, 1:08 pm - +Frankie Wee: Some company rejected MOM hmmm because of business also too costly 🤦
28/09/2023, 1:15 pm - +Jimmy Chew: <Media omitted>
28/09/2023, 1:15 pm - +Jimmy Chew: I Just learned from a friend HDB increased lending rate from 1.75? To 4.75? Can't remember the interest rate but it was a shocker when I asked did he borrowed from commercial Bank he replied no. So imagine is HDB a government agency or money making. Hahaha
28/09/2023, 1:16 pm - +Jimmy Chew: They are not bothered that they're adding to people's misery and cost of living. Like joining the everyone
28/09/2023, 1:16 pm - +Jimmy Chew: <Media omitted>
28/09/2023, 1:18 pm - +Jimmy Chew: It's really Singapore incorporated. Water, housing, electricity hahaha we're caught
28/09/2023, 1:19 pm - +Jimmy Chew: One people, one Nation, one Singapore to pay more and more
28/09/2023, 1:20 pm - +Frankie Wee: Still stable and unchanged
28/09/2023, 1:21 pm - +Rama: Wth!?
28/09/2023, 1:21 pm - +Rama: 😳😡😖👎
28/09/2023, 1:21 pm - +Rama: Blood suckers!
28/09/2023, 1:22 pm - +Jimmy Chew: Yeah thankful for LKY and his lieutenants. They really care for the sufferings of the people <This message was edited>
28/09/2023, 1:22 pm - +Rama: Not his SON!
28/09/2023, 1:24 pm - +Jimmy Chew: Well life goes on. We need to get rid of bureaucrats that only know how to raise prices hahahaha if we can
28/09/2023, 1:24 pm - +Jimmy Chew: Riches make us fat and sedated
28/09/2023, 1:29 pm - +Rama: Ivory tower ownself check ownself politicians!
28/09/2023, 1:31 pm - +Frankie Wee: No choice world economy is itrade upward and costly war price increases and hike by FED
28/09/2023, 1:31 pm - +Frankie Wee: Economy is slow now and next year will is likely axe job
28/09/2023, 1:32 pm - +Jimmy Chew: Yeah. I don't feel it. Just thinking of the young people especially with those who have elderly parents to look after and only son or daughter
28/09/2023, 1:32 pm - +Rama: Appreciate we are the only country in the world with reserves!
28/09/2023, 1:32 pm - +Rama: For all parents spend on their education!
28/09/2023, 1:32 pm - +Frankie Wee: Money Save for ourselves when they don’t need to such stuffs
So business will going downward
28/09/2023, 1:32 pm - +Jimmy Chew: One lesson learned is that being self sufficient don't depend on the government or anyone
28/09/2023, 1:33 pm - +Rama: Yes
28/09/2023, 1:34 pm - +Jimmy Chew: I am good. Just concern for those who have loans. I used to work in debt collections and it's not pretty when you confiscate their things and homes.
28/09/2023, 1:35 pm - +Rama: Agree
28/09/2023, 1:35 pm - +Jimmy Chew: Like Ho Ching says we're renting hahaha
28/09/2023, 1:37 pm - +Jimmy Chew: I remembered one politician ( not sure who) shared better with folks scurrying for food then folks with alot of time planning mischief hahaha
28/09/2023, 1:41 pm - +Rama: Yes
28/09/2023, 1:50 pm - +Jimmy Chew: Who was it?
28/09/2023, 1:55 pm - +Japanese words: Oh well… not wrong.. but not politically correct 🤣🤣
28/09/2023, 1:55 pm - +Japanese words: If everything is forever then people after us how to buy…
Singapore just too small..
28/09/2023, 2:00 pm - +REACH: 📢 *Topic* 📢
28/09/2023, 2:03 pm - +Sunshine Pooh: But with LW in all the finance leadership roles didn't it implies the same... to risky
28/09/2023, 2:03 pm - +Jimmy Chew: Hahaha most folks says. "Told you so"
28/09/2023, 2:05 pm - +Sunshine Pooh: Tonnes of $$ invested in efficient automation, AI, Technology which are heavy investments at the onset but reaps benefit n efficiency since years later. So shouldn't we now be reaping those benefits?
28/09/2023, 2:06 pm - +Sunshine Pooh: Literally everything has increased since covid situation stabilised
28/09/2023, 2:12 pm - +Frankie Wee: Covid-19 will come back anytime so Ai standby won’t loss business
28/09/2023, 2:25 pm - +Rama: Good possibility
28/09/2023, 2:25 pm - +Rama: Yes
28/09/2023, 2:29 pm - +Jimmy Chew: Agree. Maybe he facilitates
28/09/2023, 2:29 pm - +Jimmy Chew: Or testing his limits
28/09/2023, 2:30 pm - ☸️ Danny 心:
1. Let us analyse the additional COL package and the respective price hike objectively :-
a. Respective price hike include plastic bag charge, town council hike, public transport hike, and water hike + the rest of the COL inflation.
Based on my own calculation, it come up to 9.82% increase per year from my last calculation 9.6% before water hike (per household - as I paid my total household bill).
b. Looking at the additional COL package plus previously announced COL pacakge :-
i. HDB flat dwellers, Private properties dwellers (condo, landed properties) - will receive additional $200 CDC vouchers per household and at least $200 per adult (including income > $100,000 per year). $500 per adult for income $34,000 - $100,000 and $800 per adult for income < $34,000.
_(Note:- Honestly, the just announced COL + previously announced COL package will have more than cover the price hike of town council, PT hike and water hike - which in total come out to < $1,000 a year per household based on my calculation - *for thise year 2023*)._
*That is, all Singaporeans including lower, middle and upper income group inflation of (water, public transport and town council charges) are fully covered for year 2023 - before anyone start jumping.*
ii. HDB flat dwellers in addition get additional financial help in U-save rebates $20 more per quarter for 2 years 2024 and 2025 + 0.5 month SCC rebate for 2024.
(It is a windfall for HDB flat dwellers)
That is, HDB flat dwellers got *profit* from the announced 3 price hikes.
Don't believe, come out with your spreadsheet and calculator - to do your calculation - you will know what I mean.
2. This means, 2023 and even early 2024 - is a very good year for all Singaporeans - including HDB, condos and landed properties dweller - despite the public price hike - plastic bag charge, PT hike, SCC hike and water hike.
*The only catch, from 2024 onwards, the COL cash payout is not covered*.
3. This means for my scenario, I will need to find extra income to cover my 9.82% price hike (or inflation) from 2024 onwards - to ensure that my savings will not get depleted or I need to cut my spendings by 9.82% and compromise my household standard of living. 🤔
How to earn this 9.82% income neh ............................ 🤔
Unless MOF have additional financial assistance similar to current 2023 - COL package.
But really is this sustainable year after year --- for our Government fiscal budget?
A bit worrying .......
28/09/2023, 2:33 pm - ☸️ Danny 心: <Media omitted>
28/09/2023, 2:43 pm - ☸️ Danny 心:
To summarise this long message:-
Despite the plastic bags charge, PT hike, SCC hike, water hike ----
*All Singaporeans* regardless of income level got compensated.
Lower and middle income groups who stay in HDB flats - got a windfall gains in 2023 and early 2024.
_The only catch, from 2024 onwards, how to earn additional income to cover the overall 9.82% inflation. This is my headache._
28/09/2023, 2:44 pm - +Rama: 🤦♂️😞🤷♂️
28/09/2023, 2:50 pm - ☸️ Danny 心:
Based on this 2.6% HDB/CPF loan interest rate - it is still 2.6% (as I just check with my close friend) - for HDB housing loans.
No news that is has increased to 4.75%.
Any announcements by HDB or CPF that this has changed?
28/09/2023, 2:51 pm - +Ah Heng: ehhh HDB loan dun any how give idea can bo
28/09/2023, 2:51 pm - +Japanese words: Not that I know of… lol
28/09/2023, 2:51 pm - +Ah Heng: cpf contibution already increased less cash on hand
28/09/2023, 2:51 pm - +Ah Heng: everything is going up
28/09/2023, 2:52 pm - +Ah Heng: dun force dog jump over the wall
28/09/2023, 2:52 pm - +Ah Heng: gst 9% coming somemore
28/09/2023, 2:52 pm - +Ah Heng: those who say no pain maybe you doing well
28/09/2023, 2:53 pm - +Ah Heng: or lesser commitment but majority are not (middle income tier)
28/09/2023, 2:53 pm - +Ah Heng: <Media omitted>
28/09/2023, 2:53 pm - +Japanese words: Every bit counts… not very pain.. but still it will hurt a bit.
Specially when you buy big ticket items
28/09/2023, 2:53 pm - +Rama: Faster than salary!
28/09/2023, 2:53 pm - +Japanese words: And overall also will inflation for the rest of the stuff
28/09/2023, 2:53 pm - +Ah Heng: less than 6 mths what do we see
28/09/2023, 2:54 pm - +Rama: For how long more!?
28/09/2023, 2:54 pm - +Japanese words: That pretty much agree
28/09/2023, 2:54 pm - +Ah Heng: and now water for next year funny hdb 5 room pay more
28/09/2023, 2:54 pm - +Rama: 🤦♂️
28/09/2023, 2:54 pm - +Ah Heng: excellent if the assumption 5 room = more people den a 1 rm condo and 1 person
28/09/2023, 2:54 pm - +Ah Heng: if liek that coe for < 1.5 l shoudl be 50k not the current 100k
28/09/2023, 2:54 pm - +Ah Heng: based on size mah
28/09/2023, 2:55 pm - +Ah Heng: like that my meepok shold not inflate if i ask for regular based on size mah
28/09/2023, 2:57 pm - +REACH: *Government monitoring businesses to stop them from using increased costs as excuse to profiteer: DPM Wong*
👉 https://www.channelnewsasia.com/singapore/government-monitoring-business-increased-costs-excuse-profiteering-lawrence-wong-3804891
28/09/2023, 2:59 pm - +Japanese words: This is a must
28/09/2023, 2:59 pm - +Ah Heng: say many times liao
28/09/2023, 2:59 pm - +Ah Heng: but there is no escape
28/09/2023, 2:59 pm - +Ah Heng: they will use it as a way to say inflation
28/09/2023, 2:59 pm - +Japanese words: A lot of stall up 50 cent every few months a bit too much
28/09/2023, 3:00 pm - +Ah Heng: cos is a vicious cycle
28/09/2023, 3:00 pm - +Ah Heng: come 9% + water increase get ready to see more than 50 increase
28/09/2023, 3:01 pm - +Japanese words: Hawker I still can afford… but still not easy specially for lower income…
When more mouth to feed 4 x 50 cent up is extra $2 more per meal. 🥲
28/09/2023, 3:02 pm - +Ah Heng: every increase the worst tier to be hit is the middle
28/09/2023, 3:02 pm - +Japanese words: When my kid grow up one chicken rice is $8? 😖
28/09/2023, 3:02 pm - +Ah Heng: the way the criteria is being made is rather dun give the middle tier
28/09/2023, 3:02 pm - +Ah Heng: everything import import of cos will increase
28/09/2023, 3:03 pm - +Ah Heng: cos each item import will need to have the good profits + transport profit + man power profit + warehouse profit + etc
28/09/2023, 3:03 pm - +Japanese words: Err no choice we can’t produce locally.. to be frank.. land use the income not worth hence we import more than grow
28/09/2023, 3:03 pm - +Japanese words: And local also don’t support local produce lol
28/09/2023, 3:04 pm - +Ah Heng: innovate innovate that's what we are and how we came about
28/09/2023, 3:04 pm - +Jimmy Chew: LW with his financial tools and knowledge may design a plan to reduce inflation by managing the rates 😀😀😀
28/09/2023, 3:04 pm - +Ah Heng: no need to target all markets if we can cover 3 staples will be very good liao
28/09/2023, 3:04 pm - +Japanese words: Innovate so much… if possible big countries that in farming so many years.. won’t be still depending on land..
28/09/2023, 3:04 pm - +Japanese words: Cost… unless you willing to pay more
28/09/2023, 3:05 pm - +Jimmy Chew: We will have HDB farming
28/09/2023, 3:05 pm - +Ah Heng: see ... jimmy is right
28/09/2023, 3:05 pm - +Japanese words: If possible… we already see it done..
28/09/2023, 3:05 pm - +Ah Heng: dun see thsi little farming in carpark
28/09/2023, 3:05 pm - +Ah Heng: it can help families in that area
28/09/2023, 3:05 pm - +Ah Heng: is possible
28/09/2023, 3:05 pm - +Jimmy Chew: My friend is farming spinach for his family
28/09/2023, 3:05 pm - +Ah Heng: just that politics line drawn between hdb and a few agencies
28/09/2023, 3:05 pm - +Ah Heng: i ask before
28/09/2023, 3:05 pm - +Japanese words: Who collect? How many workers to run the small farm operation.. scale doable?
28/09/2023, 3:06 pm - +Ah Heng: most is volunter
28/09/2023, 3:06 pm - +Ah Heng: some place even rent out
28/09/2023, 3:06 pm - +Ah Heng: not all things is about money
28/09/2023, 3:06 pm - +Ah Heng: and this helps our age to have activities too
28/09/2023, 3:06 pm - +Ah Heng: issue is carpark belong to hdb
28/09/2023, 3:06 pm - +Jimmy Chew: Innovative thinking is required like any company we pay for new ideas and solutions
28/09/2023, 3:06 pm - +Ah Heng: so need to cross that line first
28/09/2023, 3:06 pm - +Japanese words: Saying is easy… if cost don’t make sense..
volunteer how many.. what they gain? Volunteer can run forever?
28/09/2023, 3:07 pm - +Jimmy Chew: That's working not just raise prices
28/09/2023, 3:07 pm - +Ah Heng: u will be surprise to see how many of these little gardens is run by uncle and aunties who expect no returns
28/09/2023, 3:07 pm - +Ah Heng: is not always about money
28/09/2023, 3:07 pm - +Jimmy Chew: Like HDB using rubbish finished burnt ashes for bricks and cement <This message was edited>
28/09/2023, 3:08 pm - +Japanese words: Yes… efficient? Are they bias? They only give to their friends.. lol
28/09/2023, 3:08 pm - +Ah Heng: think we are one of the early one to built hdb like lego
28/09/2023, 3:08 pm - +Ah Heng: wrong ok
28/09/2023, 3:08 pm - +Jimmy Chew: Possible 😀 pofma wait?
28/09/2023, 3:08 pm - +Ah Heng: not all are like that dun use the assumption of 5 room hdb use more water than a condo
28/09/2023, 3:08 pm - +Japanese words: Lots of small farm I see more like private garden then community garden
28/09/2023, 3:09 pm - +Japanese words: Sure please do… I am glad to be wrong..
28/09/2023, 3:10 pm - +Jimmy Chew: Most are for private consumption. Can't scale up unless government investment and initiative. Then need foreign workers for maintenance hahaha
28/09/2023, 3:10 pm - +Ah Heng: these should not be scale up
28/09/2023, 3:10 pm - +Ah Heng: in some areas they have a farm day sales just to make a few dollars for rc
28/09/2023, 3:10 pm - +Japanese words: Yah.. who pay for workers?
With levies.. easily 2k.. just to hire one..
28/09/2023, 3:10 pm - +Ah Heng: some i think give to lower income
28/09/2023, 3:11 pm - +Ah Heng: some just give to anyone who wants it
28/09/2023, 3:11 pm - +Jimmy Chew: Maybe do like China, buy land in Africa and send their people there to cultivate and send back to China
28/09/2023, 3:11 pm - +Japanese words: When run privately… who manage them? Pest, waste management etc…
Very very messy…
28/09/2023, 3:13 pm - +Coconut Tree: Interest rates have started to trend downwards
28/09/2023, 3:13 pm - +Japanese words: So far my side I see is personal garden..
Farrer Park road
Bird park, well maintained.
Garden inside got chicken who’s not sure?
Other food inside no one care lol
28/09/2023, 3:13 pm - +Frankie Wee: Owner never follow standard cost alway excuse make profit themselves. And keep saying complaint govt rising price
28/09/2023, 3:15 pm - +Japanese words: Anyway back to work 🙃
28/09/2023, 3:15 pm - +Frankie Wee: Because owner alway thinking and dream wanted to be rich when make money over price. But they never understood how inflation affected
28/09/2023, 3:15 pm - +Japanese words: Capitalism best at work 🤣
28/09/2023, 3:16 pm - +Frankie Wee: lol
28/09/2023, 3:16 pm - +Japanese words: Supply demand… can’t find fault in them wanting to make more money…
I wonder how they control? 🤷🏻♂️
28/09/2023, 3:17 pm - +Ah Heng: else why make business
28/09/2023, 3:17 pm - +Japanese words: Carrot cake famous $5, normal carrot cake $4
28/09/2023, 3:17 pm - +Japanese words: So how to say is unfair?
28/09/2023, 3:17 pm - +Ah Heng: but in the west there was a time when someone ask how much is enough from a business after all your operating cost
28/09/2023, 3:17 pm - +Japanese words: 😂😂
28/09/2023, 3:17 pm - +Frankie Wee: Should be $3.50
28/09/2023, 3:17 pm - +Japanese words: Just example lar.. lol
28/09/2023, 3:17 pm - +Frankie Wee: Overpriced
28/09/2023, 3:17 pm - +Japanese words: Pek Kio still got $2.5 one
28/09/2023, 3:18 pm - +Japanese words: 😂
28/09/2023, 3:18 pm - +Frankie Wee: If this air con reasonable price $5
28/09/2023, 3:18 pm - +Frankie Wee: If hawker over priced $5-$6 Omg
28/09/2023, 3:18 pm - +Sunshine Pooh: My sausage bun costs $2🤦🏻♀️ the price of 1 loaf of bread
28/09/2023, 3:19 pm - +Ah Heng: sunshine bread u mean hahahaha
28/09/2023, 3:19 pm - +Jimmy Chew: How to control?. Let the consumer decide
28/09/2023, 3:19 pm - +Ah Heng: u sunshine mah ask ur company making the break why like that hahahaa
28/09/2023, 3:19 pm - +Japanese words: That’s is why I wonder based on what they can charge them 😓
28/09/2023, 3:19 pm - +Ah Heng: anyway go jewel and see teh bakery
28/09/2023, 3:19 pm - +Ah Heng: the price can sometimes buy 1 happy meal
28/09/2023, 3:19 pm - +Ah Heng: got drink from happy meal somemore
28/09/2023, 3:19 pm - +Ah Heng: and TOY
28/09/2023, 3:20 pm - +Japanese words: Good effort but how to implement is tough to be frank
28/09/2023, 3:20 pm - +Jimmy Chew: My place cod fish for cai png was from $6, after the gst announcement to $3 now.
28/09/2023, 3:20 pm - +Frankie Wee: Hawker new install air con and clean environment then reasonable price $5-$6
28/09/2023, 3:21 pm - +Ah Heng: ehh dun anyhow give idea wei
28/09/2023, 3:21 pm - +Frankie Wee: 😂
28/09/2023, 3:21 pm - +Ah Heng: wait govt say electricity usage too high
28/09/2023, 3:21 pm - +Ah Heng: den increase by 20 cents again
28/09/2023, 3:21 pm - +Jimmy Chew: What is enough. Look at GIC and HDB
28/09/2023, 3:21 pm - +Ah Heng: den middle income get screw again
28/09/2023, 3:22 pm - +Ah Heng: or they think now HDB veruy prized and must make big hdb flats pay the cost of being prized assets
28/09/2023, 3:22 pm - +Japanese words: Without kid ok lar…
28/09/2023, 3:22 pm - +Japanese words: With kid can start to feel pain when they grow up 😂
28/09/2023, 3:23 pm - +Japanese words: Still HDB is one of the best policy of all.. just that now we are open to adjust it to fit the time and expectation of our people
28/09/2023, 3:30 pm - +Kenneth Lee WM: Pub is not making any loses today, ie gov not subsidising water. Fully self sufficient and have some “profits” for investing in infra. In future when water usage doubles, income doubles as well.
I see no need to increase charges. Gov subsidies to citizens will only be for a couple of years. The increase is permanent.
28/09/2023, 3:31 pm - +Jimmy Chew: Yeah 👍
28/09/2023, 3:31 pm - +Sunshine Pooh: TOP..
28/09/2023, 3:32 pm - +Ah Heng: is the same thing i been telling people... this hand feeding is not life time is 1x off or maybe 2 time off
28/09/2023, 3:32 pm - +Ah Heng: after that what .....
28/09/2023, 3:32 pm - +Ah Heng: you think the price will dive down ?
28/09/2023, 3:33 pm - +Rama: Pass time community bonding
28/09/2023, 3:33 pm - +Ah Heng: one thing in singapore minus coe once increased hardly will decrease
28/09/2023, 3:33 pm - +Kenneth Lee WM: Why is CASE not highlighting this fact????
To me CASE is not effective at all. Only there in name but quite useless.
28/09/2023, 3:33 pm - +Rama: Colonisation
28/09/2023, 3:34 pm - +Rama: Agree
28/09/2023, 3:35 pm - +Rama: Claw back
28/09/2023, 3:36 pm - +Kenneth Lee WM: For MRT, gov is subsidising the operations. So cost increase is somewhat justifiable. Now that it is a private organisation, we can’t ascertain if they are fully utilising the assets they hv. At least it is not an SAF commander in charge now, so there is hope that the assets will be better managed. SAF commanders are trained for war, not retail.
28/09/2023, 3:36 pm - +Ah Heng: sleeping wan lah
28/09/2023, 3:36 pm - +Rama: Agree
28/09/2023, 3:37 pm - +Ah Heng: u see the bus fare is sbs or smrt in red very bad red
28/09/2023, 3:37 pm - +Jimmy Chew: When we are flooded to 8 ft high. Then change maintenance on the wall to keep water at bay hahaha
28/09/2023, 3:37 pm - +Ah Heng: how can bite the hand that feeds right
28/09/2023, 3:38 pm - +Ah Heng: best part feed us with recycle water still charge so high
28/09/2023, 3:38 pm - +Ah Heng: like that u used my pee in the recucle water i must charge also mah
28/09/2023, 3:38 pm - +Ah Heng: cos is my pee is part of the source for your revenue
28/09/2023, 3:39 pm - +Ah Heng: lay man talk can get as ridiculous as those who starts showing stats and numbers
28/09/2023, 3:39 pm - +Smiley face: <Media omitted>
28/09/2023, 3:41 pm - +Jimmy Chew: Yeah which makes a majority of Singaporeans
28/09/2023, 3:41 pm - +Jimmy Chew: OR Americans
28/09/2023, 3:41 pm - +Jimmy Chew: Or polish citizens
28/09/2023, 3:45 pm - +Frankie Wee: He can vision the future and make change at cost bring down inflation price. He can make sensible decisions in sg every year budget.
Ridiculous people think govt is nutcase over increase price and GST
28/09/2023, 3:47 pm - +Frankie Wee: Fair is take and fair give back then building development
28/09/2023, 3:52 pm - +Frankie Wee: How to balance inflation 🤦
Example I pay price $1 next day increase $2
But I asked my boss salary increase $3 then boss said business is cost selling $3 different suppliers make profit $1 and salary is same 🤦
28/09/2023, 4:00 pm - +REACH: 📢 *Topic* 📢
28/09/2023, 4:04 pm - +Frankie Wee: Then boss said don’t get married unfortunately a lot of suffer and burden 🙄🙄🙄
28/09/2023, 4:04 pm - +Jimmy Chew: https://www.todayonline.com/singapore/hdb-senior-estate-manager-charged-allegedly-instigating-external-vendor-submit-fake-quotation-2269441
28/09/2023, 4:04 pm - +Jimmy Chew: He said he did it as per procedure
28/09/2023, 4:06 pm - +Rama: 😳
28/09/2023, 4:07 pm - ☸️ Danny 心: <Media omitted>
28/09/2023, 4:14 pm - ☸️ Danny 心:
Procedure is to call for 3 quotations from 3 different vendors for a certain amount.
Else call open tender with objective evaluation criteria.
This is the real procedure. <This message was edited>
28/09/2023, 4:20 pm - ☸️ Danny 心:
But honestly, even though Government set up monitoring of business profiteering - my neighborhood food stalls in Serangoon, Nex, Ang mo kio, punggol, bishan, paya lebar, Jurong imm, woodlands, toa payoh etc ---- all the food prices in food courts, coffee shops, hawker centre etc still very high leh...
Also cannot find any budget meals anywhere ..... <This message was edited>
28/09/2023, 4:21 pm - +Japanese words: <Media omitted>
28/09/2023, 4:22 pm - ☸️ Danny 心:
More than cover all the price hikes in 2023.
But end 2024 onwards.... 😭
28/09/2023, 4:23 pm - +Ah Heng: got terms and conditions wan
28/09/2023, 4:23 pm - +Japanese words: lol
28/09/2023, 4:23 pm - +Ah Heng: will say middle income form this range to this range you will only get items x y z
28/09/2023, 4:23 pm - +Ah Heng: lower income u the most huat
28/09/2023, 4:23 pm - +Ah Heng: all sapu
28/09/2023, 4:23 pm - +Ah Heng: middle items sorry u half bake cake only take 40%
28/09/2023, 4:24 pm - +Ah Heng: higher income you ric only take 10% of my package
28/09/2023, 4:24 pm - +Japanese words: 😅 you earn so much… government give also if you won’t feel much.. so can don’t give don’t give Lor…
28/09/2023, 4:25 pm - +Japanese words: But still give a bit since you contribute to the fund 🤣
28/09/2023, 4:25 pm - +Ah Heng: that is for high income
28/09/2023, 4:25 pm - +Ah Heng: malf bake cake in todays work is earn 3k spend 2.8 k
28/09/2023, 4:25 pm - +Ah Heng: dun say single lah
28/09/2023, 4:26 pm - +Ah Heng: govt no very keen on single
28/09/2023, 4:26 pm - +Ah Heng: thus u see from the hamper how many is for single
28/09/2023, 4:26 pm - +Ah Heng: go get marry
28/09/2023, 4:26 pm - +Ah Heng: so find a woman or man get hitch and spawn
28/09/2023, 4:26 pm - +Ah Heng: den u will have t chance to fall into either 3 hamper category
28/09/2023, 4:36 pm - +Rama: No family hamper economic growth, defence, law enforcement, medical services, education etc.
28/09/2023, 4:40 pm - +Smiley face: Peace & stability
28/09/2023, 4:40 pm - +Rama: True
28/09/2023, 4:42 pm - +Smiley face: Let's be very Calm and United as we are head-on into a big and perfect storm,...!
28/09/2023, 4:43 pm - +Smiley face: Have trust in one another, have trust in our government, and have trust in our systems!
"too small to fall" !
28/09/2023, 4:50 pm - +Rama: Yes
28/09/2023, 4:50 pm - +Smiley face: This message was deleted
28/09/2023, 4:51 pm - +Smiley face: This message was deleted
28/09/2023, 4:51 pm - +Smiley face: This message was deleted
28/09/2023, 4:56 pm - +Frankie Wee: Unbelievable China did archive
28/09/2023, 5:08 pm - +Smiley face: This message was deleted
28/09/2023, 5:09 pm - +Smiley face: This message was deleted
28/09/2023, 5:13 pm - +REACH: Dear contributors,
please be reminded to post content relevant 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!
Megan 😊
28/09/2023, 5:22 pm - +Jimmy Chew: https://news.mit.edu/2023/desalination-system-could-produce-freshwater-cheaper-0927
28/09/2023, 5:26 pm - ☸️ Danny 心:
Note:- this is for individuals.
That's if a person income is > $100,000 live in landed properties or condo.
If he has 3 person eg. Spouse not working, 2 children > 21 years old study in university with no income - 3 person can still get $200 each.
So not too bad.
28/09/2023, 5:29 pm - +Smiley face: For two room flats, government subsidise $10 per month for each household water bill for 2024 and 2025.
For three room flats, $5 per month for the next two years.
28/09/2023, 5:33 pm - +Smiley face: How about electricity bills?
Water & Electricity
28/09/2023, 5:33 pm - ☸️ Danny 心:
And if both grandparent, retire, no income, still get $200 each.
Not bad.
28/09/2023, 5:34 pm - +Sunshine Pooh: Totally agree. noodle with 1 meat & veggie =$4.50
28/09/2023, 5:35 pm - +Frankie Wee: No change 😅
28/09/2023, 5:39 pm - +Frankie Wee: Because they had choice open market fixing electricity plan. After 2 years up and down unknown price from 28.98 cent per kWh
28/09/2023, 5:40 pm - +Frankie Wee: Mall shopping like air con is most expensive foods stalls
Only coffeeshop and hawker most cheap avail to find budget meal
28/09/2023, 5:41 pm - ☸️ Danny 心:
I can't find any budget meals in coffeshops and hawker centre leh...
28/09/2023, 5:41 pm - +Frankie Wee: Upper and lower class differences people choice
28/09/2023, 5:42 pm - +Frankie Wee: Maybe not yet start or some ready
28/09/2023, 5:43 pm - ☸️ Danny 心:
For sure, I can't see the budget meals decal in any of the stalls in those areas I mentioned - practically more than 1/2 of Singapore.
28/09/2023, 5:44 pm - +Sunshine Pooh: Kopitiam n koufu r not cheap at all
28/09/2023, 5:45 pm - +Frankie Wee: You got member card discount 10%
28/09/2023, 5:45 pm - +Rama: Getting expensive even with budget meals!
28/09/2023, 5:45 pm - +Frankie Wee: Kopitiam change to NTUC FairPrice member
28/09/2023, 5:46 pm - +Rama: Pay by fairprice app helps
28/09/2023, 5:47 pm - +Frankie Wee: https://www.kopitiam.biz/promotions/kopitiam-hawker-gems-million-linkpoints-lucky-draw-10-august-10-october-2023/
28/09/2023, 5:47 pm - +Frankie Wee: Yes
28/09/2023, 5:50 pm - +REACH: 📢 *Cost-of-living Support Package*
The Singapore Government has announced a $1.1 billion cost-of-living support package to help households manage the rising cost of living.
This package includes various forms of support, such as GST vouchers, U-Save rebates, and Workfare Special Payment, among others.
Check out the infographics for more details!
*Find out the estimated benefits you and your household may receive from the Government with the Support For You Calculator!*
👉https://supportgowhere.life.gov.sg/budget/support-calculator
28/09/2023, 5:51 pm - +REACH: <Media omitted>
28/09/2023, 5:51 pm - +REACH: <Media omitted>
28/09/2023, 5:51 pm - +REACH: <Media omitted>
28/09/2023, 5:51 pm - +REACH: <Media omitted>
28/09/2023, 5:51 pm - +REACH: <Media omitted>
28/09/2023, 5:51 pm - +REACH: <Media omitted>
28/09/2023, 5:54 pm - +Rama: Public transport vouchers for seniors must be adjusted upwards to take into account current pending increase and that for next year.
28/09/2023, 5:55 pm - +Rama: Make it sgd50 pet retired senior.
28/09/2023, 5:57 pm - +Smiley face: The increase of GST from 8% to 9% comes 1st January 2024; will there be a new round of COL etc? Any idea ?
That said, all bills will reflect this new increase in the GST.
28/09/2023, 5:57 pm - +Rama: Possibly due to coming GE25!
28/09/2023, 6:02 pm - +Smiley face: Can we afford to do a few more rounds of $1.1b, into 2024 and how about 2025?
28/09/2023, 6:02 pm - +Rama: I hope so!
28/09/2023, 6:03 pm - +Smiley face: All because of the FED rates going towards 6% or more? Hopefully not!
28/09/2023, 6:03 pm - +Rama: 🤷♂️
28/09/2023, 6:04 pm - +REACH: 📢 *Topic* 📢
28/09/2023, 6:05 pm - +Smiley face: So what all these COL about?
Let's do a simple calculus based on low to high income households.
The higher you earn, the more expenses you incurred.
$200 to $2,000; that's the analytics of the low -mid-high COL
28/09/2023, 6:05 pm - ☸️ Danny 心:
Not bad.
Financial assistance.
Money Banyak Banyak.
Money alot alot.
28/09/2023, 6:06 pm - +Frankie Wee: Hopeful FED will crisis over inflation 😅
28/09/2023, 6:06 pm - +Smiley face: Besah besah...
28/09/2023, 6:07 pm - +Frankie Wee: https://www.reuters.com/markets/us/market-fed-beware-banking-crisis-march-2023-09-18/
28/09/2023, 6:07 pm - +Rama: Change of PM 2025 so wait and see what LW does!
28/09/2023, 6:07 pm - ☸️ Danny 心:
2023 - alot alot
2024 - medium medium
2025 - a bit abit
28/09/2023, 6:08 pm - +Smiley face: 2025 lagi besah...
28/09/2023, 6:08 pm - ☸️ Danny 心:
Sure or not.
Calculator say otherwise.
28/09/2023, 6:09 pm - +Rama: LW enticed!?
28/09/2023, 6:09 pm - +Smiley face: Incremental....due COL
28/09/2023, 6:09 pm - ☸️ Danny 心:
I only believe in real numbers.
Calculator say, I believe.
28/09/2023, 6:10 pm - +Smiley face: Low Income households will feel the $200 incremental, all COSTS....
28/09/2023, 6:10 pm - +Smiley face: Just add all things up, from food to water ..
28/09/2023, 6:10 pm - +Rama: Including retirees!
28/09/2023, 6:10 pm - +Smiley face: Incremental....
28/09/2023, 6:11 pm - +Smiley face: As long as you are living in SG
28/09/2023, 6:11 pm - +Rama: Yes
28/09/2023, 6:12 pm - +Smiley face: Next year may not be a sweet sweet year!
28/09/2023, 6:12 pm - +Rama: I suspect!
28/09/2023, 6:13 pm - +Smiley face: Hopefully, hope, that end of 2025 is better?
28/09/2023, 6:14 pm - +Smiley face: Please count the incremental, you will see it all....
Old saying" a million here and a million there, it will add up to a billion...!"
28/09/2023, 6:14 pm - +Rama: PMI, CPI, import and export etc will contribute to outcome
28/09/2023, 6:15 pm - +Frankie Wee: Hopefully Covid-19 remove and better economy good condition
28/09/2023, 6:15 pm - +Smiley face: Do not wish to predict the first two indices...the last two are based on the first two....
28/09/2023, 6:15 pm - +Smiley face: Already recovered Liao...another Pandemic coming?
28/09/2023, 6:16 pm - +Rama: Disease X!
28/09/2023, 6:16 pm - +Frankie Wee: Yes unknown
28/09/2023, 6:17 pm - +Frankie Wee: October we are going again vaccine 💉
28/09/2023, 6:17 pm - +Smiley face: This coming Water price increase is not so impactful versus other commodities...
28/09/2023, 6:17 pm - +Rama: 😳🤦♂️😞🤷♂️
28/09/2023, 6:20 pm - +Frankie Wee: We want see how this project innovative new way water. We must understand price increases
28/09/2023, 6:23 pm - +Smiley face: You want non stop flowing clear water and you wish all the flowing water becoming cheaper and cheaper...is it possible based on the theory of economies of scale?
Maybe and may not be !
28/09/2023, 6:24 pm - +Smiley face: The key is when will inflation start to deflate and how much subsidies can a country afford?
Besides the rising cost of utilities (may persist into 2026). Rental is the next foretelling indicator of the short term economics and social impacts to watch for especially in a run-off of the CPI in the next four quarters, rentals value of all properties will follow downwards and the valuation of these assets class may then find it new price equilibrium. In the next four quarters, what will be the corporate America quarterly results likely be robust or likely losing their capacity to grow more than 2% YOY?
What will it become in this global war on food, energy and water? Is it going to be "too big to fail or too small to fall" ?
28/09/2023, 6:24 pm - +Rama: Price will go up somewhat depending on economic of scale over time.
28/09/2023, 6:24 pm - +Smiley face: Yes, up up up.... limited choices...
28/09/2023, 6:24 pm - +Frankie Wee: Agreed
28/09/2023, 6:27 pm - +Smiley face: Yield on latest Singapore 6-month T-bill jumps to 4.07%
https://www.straitstimes.com/business/yield-on-latest-singapore-6-month-t-bill-jumps-to-407
28/09/2023, 6:46 pm - +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 😊
28/09/2023, 6:54 pm - ☸️ Danny 心:
So my spreadsheet and calculators not too far from the COL calculator.
2023 - financial assistance can cover my 9.82% inflation and price hikes.
2024 - cannot fully cover the 9.82% inflation - but a good part of it.
2025 - can only cover about 10% of the inflation and price hikes.
Let us see 2024 and 2025 government budgets - see whether there are more help to cushion the inflation or not.
28/09/2023, 6:58 pm - +Smiley face: <Media omitted>
28/09/2023, 7:00 pm - +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 😊
28/09/2023, 7:00 pm - ~ REACH Singapore changed this group's settings to allow only admins to send messages to this group
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