profits

TRANSPORT FARE INCREASED, PROFITS INCREASED, SERVICE IMPROVEMENTS NON-EXISTENT

He indicated that cost is an unconvincing argument for fare increase, as transport operators have had an unbroken profitability record. For the first time, I actually found myself agreeing with an ST article.

It is so true. why do transport fares keep rising, and everytime the reason given is that cost, be it petrol or other things, have increased. Thus the need to increase fares. But every year, these same companies report millions of profits from their accounts.

So why are we subsidising their millions of profit? How about improving your service and transport standards first, then increase fare?

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PAP MINISTER SAY PUBLIC HOSPITALS DO NOT MAKE PROFITS FROM DRUGS SOLD TO S'POREANS

Responding to WP's Low Thia Khiang's question that some Singaporeans still find medication in Singapore expensive and unaffordable, Health Minister Gan Kim Yong declared that Singapore's public health institutions are NOT FOR PROFIT organisations. He said that they do not make profits on the drugs prescribed and although there is a margin on the drugs sold, that was to offset overheads and operational costs, which are not profit margins.

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IF WATER WAS SUCH A CRITICAL ASSET THAT WARRANTS PRICE INCREASE, WHY GOVT NEVER SEEM CONCERNED BEFORE?

So, after nine days and numerous statements to defend the price increase – why is there is still no disclosure as to the costs, revenues and profits in the past, and projections for the future? As to “The consumer must feel the price of water, realise how valuable water is in Singapore, every time he or she turns on the tap, right from the first drop,” he said. after hearing the strong reactions to the impending hike, announced during the Budget last week.

“I can understand the angst of our people with the water price increase,” he said. But water, he said, is an existential issue, crucial to the country’s survival” – If water is so “crucial to the country’s survival” – why hasn’t there been any nation-wide campaigns or efforts to get people to conserve and use less water in recent years?

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PUB MADE $1.1 BILLION PROFITS IN LAST 7 YEARS SO WHY 30% WATER FEE HIKE?

With reference to my article “Water price: Have costs, but no revenue?” (Feb 24) – Terry Xu, the editor of theonlinecitizen had talked to me about the Public Utilities Board’s (PUB) annual reports. 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 total profits in the last seven years (only seven years’ annual reports in the PUB’s web site) was $1.0909 billion.

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HOW DOES GRABCAR MAKE MONEY WHEN IT BLEEDS MONEY WITH ITS INCENTIVES?

I have a friend drive grab recently, he started at January....he show me his account by hand phone...a day he drive about 10-11 hours, came out 7am drive to 2pm stop... and 5pm drive to 8pm or 9pm ....daily income about $200-250...before rental n oils...n 20% company take ...so, a day he earn about $80-120. I m thinking, if he drive $230 a days, Grab just taken him $46 a days...but his weekly incentive r $800... means, Grab r given him incentives $120 a days...it means grab r losing $74 a days...how Grab earn moneys?

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S'PORE POWER EARNS $1.5 BILLION PROFITS IN 2015 BUT ELECTRIC TARIFFS STILL INCREASE?

“From July 1 to Sep 30, “electricity tariffs will increase by an average of 9.2 per cent or 1.59 cents per kWh compared to the previous quarter” According to the annual reports of Singapore Power and Singapore PowerAssets for 2014/2015 – their combined profits for the year was $1.5893 billion. This is an increase of $197.2 million or 14.2 per cent over 2013/2014’s combined profits of $1.3921 billion. Is there something not very right with our electricity system, which may make Singaporeans pay one of the highest charges for electricity in the world, after adjusting for purchasing power parity and relative wages?

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GOVT CARPARK PROFITS SKYROCKET TO MORE THAN $700 MILLION AFTER 20% HIKE?

According to an article in allsingaporestuff.com – the net car parking profits (income less expenses) of the HDB and URA was $575.7 million for FY14/15. With the subject increase of about 20 per cent – does it mean that the profits may increase to about $690 million ($575.7 x 120%)? As the car park charges increase is up to 40 per cent – perhaps the profits may be over $700 million.

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MY FIRST SKOOL MADE $9.5 MILLION PROFITS IN 2014, LATEST HIKE IN SCHOOL FEES JUSTIFIED?

According to the 2014 annual report (31.12.2014) of NTUC first campus which operates My First Skool – the surplus for the group after contributions to the Central Co-operative Fund (CCF) and the Singapore Labour Foundation (SLF) and taxation, was $9.5 million. For 2013, the surplus was $6.5 million. This is an increase of 46 per cent over the year ($9.5 divided by $6.5 million). In view of the above, is the increase in fees justified?

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IS MEDISHIELD THE MOST PROFITABLE NATIONAL HEALTH INSURANCE IN THE WORLD?

With tax collection at an all-time high and an estimated cash budget surplus of $24 billion for FY2014 under IMF fiscal reporting guidelines – why is there still a need to get 25,000 people with pre-existing conditions to pay 30 per cent more MediShield Life premiums for 10 years? We have calculated from the table, that the claims to premiums ratio is 59 per cent (claims $1,395,382 billion divided by premiums $2,353,763 billion). Does this make MediShield the most profitable national health insurance scheme in the world?

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