Tag Archives: increase

PAP KINDERGARTEN GIVE REBATES AFTER PUBLIC FURORE OVER SCHOOL FEE HIKE

It states that “During this period, all Singaporean and permanent resident children in the centres will enjoy a rebate equivalent to the fee increase amount,” PCF said. This means the new fees will only take effect from July 1 next year. “We are reaching out to all parents to inform them of this rebate,” the PCF said.” Does this not sound familiar? Increase fees and then give a temporary rebate due to the public furore over the fee increase when profits increased by 24.7 per cent over the previous year!

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PCF CHILDCARE FEE INCREASE DESPITE 24.7% INCREASE IN PROFITS?

According to the PCF’s 2014 Financial Statement – its surplus for the year increased from $942,861 (Jan 1 to Dec 31 2013) to $1,469.575 (Jan 1 2014 to Mar 31 2015). This is an increase of 24.7 per cent ($1,175,660 divided by $942,861) compared to the previous year. With such a huge increase in the surplus (profits) – is the across the board increase in fees justified?

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FINANCIAL EXPERTS: GOVT TO INCREASE GST TO INCREASE REVENUE STREAMS SOON?

According to a report by BMI Research, the government will need new revenue streams as it seeks to strengthen social safety nets and increase support for low-income elderly citizens. “One key area to watch will be the goods and services tax (GST), which has been utilised by the government as a tool to shore up revenue amid declining income and corporate tax rates over the past two decades,” BMI Research said.

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TARIFFS TO INCREASE IN JULY, EXPECT HIGHER ELECTRICITY BILLS

SP Services announced that starting tomorrow the 1 July 2015, electricity tariffs will increase by an average of 1.54 cents per kWh, or 7.5 per cent. With the latest increase, a typical 4 room HDB flat can expect electricity bills to increase by an average of $6.01. This is the first increase in electricity tariffs after last years full year of decline.

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MALAYSIAN OFFICIAL CALLS S’PORE’S MATCHING INCREASE OF CAUSEWAY TOLL HIKE UNJUSTIFIED

Malaysia officials want to meet their Singapore counterparts to get the city-state to reconsider its decision to increase checkpoint toll fees at the Causeway, according to the local media. Singapore’s reason for the toll hike was “unjustified”, Malaysia’s Minister in the Prime Minister’s Department Wee Ka Siong was quoted as saying in a report in The Star Online on Friday (Sep 19). He said that a meeting between Malaysia and Singapore officials would take place “as soon as possible”, for Malaysia to find out the reason for the increased toll charges at the Sultan Iskandar Customs, Immigration and Quarantine (CIQ) Complex.

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JOSEPHINE TEO: S’PORE WILL MATCH MALAYSIA’S TOLL FEE

Singapore will ensure that its toll charges match Malaysia’s, as part of a “long-standing” matching policy which “reflects the shared nature of the two crossings, and ensures a fair distribution of total revenues from the crossings,” said Senior Minister of State (Finance and Transport) Josephine Teo in Parliament today (Sept 9). Since August, the Malaysian government had increased toll charges for all vehicles, except motorcycles, travelling from Singapore to Johor through the Causeway, and introduced a new Causeway toll for all vehicles travelling from Johor to Singapore. Those travelling from Johor to Singapore previously paid no tolls.

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