Tag Archives: profit

Sheng Siong supermarket is truly impressive. After announcing an additional one month salary for its employees, it went around neighbourhoods silently giving donations at wakes out of kindness. This is setting the bar way too high for competitor NTUC FairPrice supermarket which is already being accused of raising its prices during COVID-19.

It was reported that a sum of $35 million provided as wage subsidies to 32 commercial firms had been returned to the government. Apparently, these companies do not need money from our reserves. Another 29 companies also reported that they do not wish to receive further wage subsidies. No amount has been stated or how much they would receive had they not declined. Why are there no background checks carried out before large swaths of money are given away?

This from a company that only just recently had a 7% fare hike. Yet they still said they are dogged by the rising costs, especially from their operation of the rail business. Less we forget, the government also pumps in billions of dollars into the company's operation, to ensure a working transportation network in Singapore. And the company has in fact, been making profits every year.

Our reader questioned why some are experiencing losses despite reports that most CPF Investment Scheme members are raking profits.

I am a taxi driver and would like to share what I heard when I sent 4 army boys to their camps on Sunday night. The boys were talking about how they can profit from Ed Sheeran tickets, one of them who went to queue claimed that he got 8 tickets and only needs 2, he is willing to sell the some of the remaining 6 tickets to the other friends and allow them to jack up the prices for profits. They started looking over the Internet for some cheaper tickets like maybe less than $1000 and prepare to sell them out again at $1500 so on and so forth. I am wondering, are these army boys so desperate for money? Why are they robbing others of their livelihood with their own greed or advantage? I am hoping for the authorities or ticketing agents to take actions avian at these scalpers. Please be careful Ed Sheeran fans.

The Net Income after Government Grants and after Contribution to GCF (Government Consolidated Fund) and Taxation (Profits) for FY2015 was $166.8 million – an increase of 77.3 per cent compared to say FY2010’s profit of $94.1 million.

Many people have asked me which is better, driving a taxi or going with Grabcar or UberX. I have done all three and can safely say hands down, driving a taxi is still the best earner. You may have to pass that irritating taxi license test but you still earn more. Let me break it down for you.

The Ministry of National Development announced on Saturday that AHPETC's managing agent, FM Solutions and Services (FMSS) has been "profiteering" off the town council. MND claims that after a review of FMSS's auditor, Teo Liang Chye and Co, when AHPETC suffered an operating deficit of $2 million dollars, FMSS made an after-tax profit of $2 million after paying its directors $1.14 million.

While we all agree that the train disruptions are unacceptable, the question is what is being done about it (“Steps taken to fix series of train disruptions: SMRT”; yesterday). This is not the first time we have had such massive breakdowns causing inconvenience to commuters. The SMRT new management team has been in place for some time now and, yet, breakdowns and security lapses continue. It is time for us to acknowledge that the model has broken down.

MRT & bus operator SMRT declared on Wednesday a 58.4% rise in net profit for the third quarter of this year. This was helped by higher rental income and a sharp reduction in losses from its bus operations. This S$22.5 million profit was up from the S$14.2 million it earned during the same quarter last year. Why does the PTC approve SMRT's proposed fare hikes when they are still making profits at the expense of Singaporeans?