Tag Archives: revenue

The recent FAS saga have shown one thing, that nobody actually cares for the football in Singapore. It's all about the money and power, and that's why our local football will never go far. Forget about reaching the standards of the Japanese league, our own S-League could not even match up to Indonesia's, and they had their league suspended by FIFA for one whole year last year! But out of this saga, we now have the surprising news that the Tiong Bahru Football Club had actually amassed a revenue of $36.8m last year!The FAS own budget for the whole of last year was $35.8m. And it was not only last year that Tiong Bahru FC had amassed millions via their jackpot machines. They had made between $11m - $36m in the years since 2011. They are a far richer club than the FAS and the professional S-League clubs!

Yesterday, the PUB said that since the last price increase in 2000, the cost of treating and supplying water has been going up. The resources needed for the task, such as chemicals, materials and manpower, have become more expensive over the years, said the water agency.

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.

PricewaterhouseCoopers tax partner Koh Soo How noted the Government had committed not to raise the GST for five years during the 2011 General Election, he said any hike would probably take place in 2016 or 2017. Mr Koh also said that taxes such as the GST, which are collected from the domestic population, can be raised without affecting Singapore’s international standing in terms of tax competitiveness.

Singapore wants to nip a dip in the number of Chinese tourists coming here with a $1-million campaign to convince them that the Republic is worth visiting in its own right. This follows four months of decline in passenger traffic from China. In a bid to woo the Chinese, Changi Airport Group told The Straits Times it has joined hands with Singapore Tourism Board (STB), the two integrated resorts and other travel partners in a marketing drive titled Rediscover Singapore From Your Heart.

The Government will need more revenue to meet Singapore’s rapidly growing infrastructural and social needs, with healthcare costs a key challenge going forward, Deputy Prime Minister Tharman Shanmugaratnam said yesterday as he wrapped up the three-day Budget debate. More will be spent on healthcare as society ages and medical treatments that can improve quality of life become available, but this must be cost-effective to prevent the total bill from spiralling out of control, he said. Already, Singapore is set to hit S$8 billion in healthcare expenditure next year, one year ahead of the projection made in 2012. And by 2020, the figure will balloon to S$12 billion.