Rising Costs of Living

S'POREANS BLINDED BY CONSUMERISM, DON'T CARE FOR THE POOR

I recently had the opportunity to observe 2 events at the Gardens by the Bay. Couple of months ago, I brought a class of students to the Singapore Garden Festival. Tonight, I went to the Winter Wonderland Showcase. In both examples I left feeling hollow with the empty consumerism that afflicts this prosperous nation.

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LTA FEES FOR TAXI TO GO UP, COSTS MAY BE PASSED ON TO CONSUMERS

The Land Transport Authority (LTA) has just launched another blow to the embattled taxi industry, which has been under pressure from disruptors such as Uber and Grab. LTA revealed today that they will raise operator license fees from 0.1% of gross revenue to 0.2% this year, and then 0.3% next year. This is the first increase in a decade, but comes at an unusually bad time.

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WOMAN DIAGNOSED WITH CANCER PAID $7K FOR SCANS DESPITE MEDISAVE INSURANCE

I had a very close relative who had to go and see a doctor quite immediately owing to a sickness. Then upon arrival at the doctor she was advised to go for several scans and then being diagnose with Cancer. Imagine, when asked if CPF Medisave could be used we were told that only $300 for one scan scan was allowed and another $400. Despite having an insurance being taken up we were in total disarray as Insurance here again don't cover Scans etc. as i was told and we had to resort to borrowing credit cards to settle all the scans totalling $7000.

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RETAIL WORKERS' REAL INCOME HAS FALLEN BY 27% OVER PAST 15 YEARS

Under the Retail SMP, retailers will get support from the Government in enhancing jobs and business models. More training opportunities will also be provided for retail employees and students. The plan covers four key initiatives, starting with a business remodelling and job redesign study to identify skills and training needs for retail jobs of the future.

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HDB BTO COSTS 9% MORE THAN RESALE PRICE?

The lowest priced 5-room flat in Toa Payoh at $544,000 against the lowest transacted resale price at $500,000 gives a “subsidy” of -9 per cent ($544,000 divided by $500,000). In other words, the BTO price is 9 per cent more than the resale transacted price. So the “subsidy” may in a sense have become an extra “premium”.

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A SIGN OF THINGS TO COME? HDB AT DUXTON SOLD FOR CLOSE TO SGD 1 MILLION

According to Shin Min Daily News, Singapore has just seen its most expensive HDB sale yet - a 4 room HDB flat at The Pinnacle@Duxton, measuring only 93 sqm or 1,000sq ft, was recently sold for $990,000, which makes it the most expensive 4 room flat in Singapore history.

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SELF-ENTITLED FOREIGNERS COMPLAIN ABOUT SCHOOL FEE HIKES FOR NON-CITIZENS

Shortly after the Singapore government announced that Government-aided schools would require non-citizens to pay higher school fees in an attempt to "further differentiate fees by citizenship", some self-entitled foreigners have reportedly been up in arms. A number of foreigners, whose children are in government schools, decried the move as an attempt to "please citizens" and "push the foreigners away".

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