Tag Archives: Profiteering

A netizen quarantined in Pan Pacific hotel tried ordering food delivery. He was shocked by the service fees charged by GrabFood. Screenshots sent by him show service fees going above $10. Based on his experience, other food delivery services have a delivery charge of $3.50. The netizen said that Singaporeans …

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.

The current oil price might drop to $10 a barrel. It's time for the Singapore government to lower household electric tariff, gas and petrol cost? While in US, the price of petrol and gas have been falling tremendously. As such, US citizens are paying much lower than before for petrol, gas and fuel cost. Surprisingly, major petroleum companies and Singapore Power have not lower the price and continue to make huge profits from consumers.

I wish to expose the double standards of petrol companies in Singapore. Whenever oil prices surge, they adjust petrol prices almost instantly. Now that oil prices have crashed to twelve year lows, petrol prices did not dip in tandem but only moderately. Why is this the case? When it benefits them and enable companies to make more profits, they speedily push up petrol prices but when it's time to return savings to consumers, they cite all kinds of excuses of their slow decrease.

In my view, the Government should consider a more sustainable universal health insurance model where risks are pooled even more, in order to avoid "cherry-picking". Cherry picking occurs when private insurers take on healthy individuals and leave the remainder in the underlying CPF MediShield pool. In insurance parlance, the private insurers had the pick of the sweet "cherries"; MediShield was left with the sour "lemons".