Motorcycle COE allocation

[wait4me]

Huh? What news? LTA under government, Singapore press holdings under government, mediacorp under government, NKF not under government... U go think lo... Lol...

news that govt take our money to build mrt construction

[XxPJYxX]

news that govt take our money to build mrt construction

 

Still need news? Abit obvious right? Want to build one underground station already minimum 1 billion... U go and think la... Where they getting the money from? Coe, Erp, road tax... Bugis the downtown line is 2-3 billion dollars already, because it's an interchange with existing bugis east-west line... And bukit panjang station together with cashew is also 2-3 billion... The rest all around 1 billion... Count how many stations the downtown line have... Do the maths... And anyway, no news because the government wouldn't report about what another government agency is doing with our money... NKF is not a government agency, that's why they report all over the news... LTA is in charge of the construction of the downtown line... LTA is a government agency... Where they get more than 30 billion to build the downtown line? The 30 billion is just an example... It's more than 30 billion...

[wait4me]

Still need news? Abit obvious right? Want to build one underground station already minimum 1 billion... U go and think la... Where they getting the money from? Coe, Erp, road tax... Bugis the downtown line is 2-3 billion dollars already, because it's an interchange with existing bugis east-west line... And bukit panjang station together with cashew is also 2-3 billion... The rest all around 1 billion... Count how many stations the downtown line have... Do the maths... And anyway, no news because the government wouldn't report about what another government agency is doing with our money... NKF is not a government agency, that's why they report all over the news... LTA is in charge of the construction of the downtown line... LTA is a government agency... Where they get more than 30 billion to build the downtown line? The 30 billion is just an example... It's more than 30 billion...

 

so the govt shouldnt take our money to build mrt ? and we shouldnt pay coe and road tax too ?

[XxPJYxX]

so the govt shouldnt take our money to build mrt ? and we shouldnt pay coe and road tax too ?

 

Wait4me, u how old ah? Why u don't understand what I'm trying to say???

[XxPJYxX]

The government should use the money collected from road tax, Coe and Erp, to build more roads or expand the roads... They should use the money collected from bus fares, mrt fares to build more mrt stations... Categorize the money into revenue from road users and revenue from public transport... Revenue from road users should be used to offset the Coe renewal fees and expand the roads for road users... Revenue from public transport should be used to build more public transport stations... What they're doing now is, revenue from road users + revenue from public transport, everything throw into building more public transport... Lol

[HimQQ]

The government should use the money collected from road tax, Coe and Erp, to build more roads or expand the roads... They should use the money collected from bus fares, mrt fares to build more mrt stations... Categorize the money into revenue from road users and revenue from public transport... Revenue from road users should be used to offset the Coe renewal fees and expand the roads for road users... Revenue from public transport should be used to build more public transport stations... What they're doing now is, revenue from road users + revenue from public transport, everything throw into building more public transport... Lol

 

Aren't the roads used by everyone (drivers/motorists/bus passengers/taxis), shouldn't everyone have a little responsible into paying for the infrastructure of Singapore?

It might be alot to some, it might be little to some.

If nobody is willing to pay for these, someone with higher power/authority should have the power to "grab" money from everyone then.

 

Money collected from bus fares and mrt fares to build more mrt stations, how about the salary of bus captains or bus drivers and the maintenance of whatever buses/public transport that is on the roads now, how about the current overwhelmed infrastructure?

 

I have alot to learn, please enlighten me

[XxPJYxX]

Aren't the roads used by everyone (drivers/motorists/bus passengers/taxis), shouldn't everyone have a little responsible into paying for the infrastructure of Singapore?

It might be alot to some, it might be little to some.

If nobody is willing to pay for these, someone with higher power/authority should have the power to "grab" money from everyone then.

 

Money collected from bus fares and mrt fares to build more mrt stations, how about the salary of bus captains or bus drivers and the maintenance of whatever buses/public transport that is on the roads now, how about the current overwhelmed infrastructure?

 

I have alot to learn, please enlighten me

 

The salaries is none of LTA business... It's SMRT's and SBS' job to pay them... It's their job to maintain the buses... Not LTA's job... HimQQ, are u dumb or what? Do u understand the meaning of revenue? Revenue means profit... And did u know that public transport companies have to pay LTA money every month or year to have a license to do public transport business in Singapore? LTA just collects money from the companies... U Don't even understand what you're saying... Please think before saying anything... Because I've been thinking of this since 2008... Thanks...

[XxPJYxX]

Income tax should be enough for the infrastructure... Include gst, it would be more than enough... Include Coe, it would be exceedingly enough... Road tax for mrt line? Mrt using the road? No... Wheres my $300 a year road tax and my fathers $1600 a year road tax and other 100,000 other motorcyclist and another 200-300,000 cars road tax go to? All of it gone to building mrt line... Get what the f*** I'm trying to say? Now our mrt lines using underground roads where cars and motorcycles can't go... So wtf are we paying road tax for? To be used to make gold toilets for the LTA...

[papabread79]

Revenue is not profit.

 

Have you thought about this since 2008?

[XxPJYxX]

In business, revenue or turnover is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover. Some companies receive revenue from interest, royalties, or other fees.[1] Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in "Last year, Company X had revenue of $42 million." Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, revenue is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income.[2]

For non-profit organizations, annual revenue may be referred to as gross receipts.[3] This revenue includes donations from individuals and corporations, support from government agencies, income from activities related to the organization's mission, and income from fundraising activities, membership dues, and financial investments such as stock shares in companies.

In general usage, revenue is income received by an organization in the form of cash or cash equivalents. Sales revenue or revenues is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers.

In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods, cash basis accounting and accrual basis accounting, do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or International Financial Reporting Standards.

In a double-entry bookkeeping system, revenue accounts are general ledger accounts that are summarized periodically under the heading Revenue or Revenues on an income statement. Revenue account names describe the type of revenue, such as "Repair service revenue", "Rent revenue earned" or "Sales".[4]

[XxPJYxX]

Revenue is not profit.

 

Have you thought about this since 2008?

 

Profits from sbs and smrt go to LTA as revenue... Because LTA does not have any expenses besides paying LTA enforcement officers... Their expenses are as good as zero compared with what they're receiving from the sbs and smrt companies... So I say it as LTA's revenue... cos they haven't got much expenses if they didn't start building the mrt line... Now that they've started building it, more than $30billion is gone... Where's the money coming from? Road tax, Coe and Erp... Shouldn't they be using road tax for upgrading of roads? Why are they using our road tax to pay for mrt lines? Like I said, it's exactly the same as NKF taking donations which were meant for those needy people, instead of using the money for the treatment of those needy people, they build toilets made out of real gold... Road tax is meant for the maintenance and upgrading or expansion of roads... Not for building mrt... U don't understand... LTA build the mrt for more than $30 billion, and sell it to sbs or smrt for more than $80 billion when it's done... Then they spend the $80 billion on other mrt lines and sell it to sbs or smrt for more than $150 billion... So what happens to our roads? Nobody maintain because LTA is too busy thinking about profit from this mrt lines and summons than to bother about the initial reason why LTA was created in the first place... To maintain the roads and make sure they're good for road users and not bumpy like a dirt road... Wtf are we paying road tax for if the roads are as uneven as an unpaved dirt road? Get what the fu*k I'm trying to say???

[XxPJYxX]

I rather ride on the dirt road, because it's smoother than Singapore's roads... Seriously...

[Limhg]

Profits from sbs and smrt go to LTA as revenue... Because LTA does not have any expenses besides paying LTA enforcement officers... Their expenses are as good as zero compared with what they're receiving from the sbs and smrt companies... So I say it as LTA's revenue... cos they haven't got much expenses if they didn't start building the mrt line... Now that they've started building it, more than $30billion is gone... Where's the money coming from? Road tax, Coe and Erp... Shouldn't they be using road tax for upgrading of roads? Why are they using our road tax to pay for mrt lines? Like I said, it's exactly the same as NKF taking donations which were meant for those needy people, instead of using the money for the treatment of those needy people, they build toilets made out of real gold... Road tax is meant for the maintenance and upgrading or expansion of roads... Not for building mrt... U don't understand... LTA build the mrt for more than $30 billion, and sell it to sbs or smrt for more than $80 billion when it's done... Then they spend the $80 billion on other mrt lines and sell it to sbs or smrt for more than $150 billion... So what happens to our roads? Nobody maintain because LTA is too busy thinking about profit from this mrt lines and summons than to bother about the initial reason why LTA was created in the first place... To maintain the roads and make sure they're good for road users and not bumpy like a dirt road... Wtf are we paying road tax for if the roads are as uneven as an unpaved dirt road? Get what the fu*k I'm trying to say???

 

 

AGREED TOTALLY

 

Their REVENUE is so high so high. Definitely profit is high as the moon. When they can justify paying our ministers so much so much so much a month. Do you think their profit is just enough? When they employ more and more cheap LTA enforcement to summon summon and summon. Pay and pay and pay. Who gets richer who gets poorer? Carpark gantries more and more too. per entry charge.

 

Which is the richest country in whole of SE asia?

 

No brainer. But do you feel rich? Or are you struggling to pay and pay?

[HimQQ]

Pardon me for stating/typing this.

 

If you is not able to voice this out to relevant authorities, (LTA and the likes), then what good are you posting this.

 

Just my 2 cents,

Everyone would know that roads are uneven, some are enduring these, some hate these, but who is able to make things happen;

posting in forums won't make things happen, it just informs forum surfers, and it would help if objective views are aired.

I am one who had to endure the road works, uneven roads, if not, just use another way/route to get to my destination.

 

Yes, I'm stupid, sorry for my post

[papabread79]

Profits from sbs and smrt go to LTA as revenue... Because LTA does not have any expenses besides paying LTA enforcement officers... Their expenses are as good as zero compared with what they're receiving from the sbs and smrt companies... So I say it as LTA's revenue... cos they haven't got much expenses if they didn't start building the mrt line... Now that they've started building it, more than $30billion is gone... Where's the money coming from? Road tax, Coe and Erp... Shouldn't they be using road tax for upgrading of roads? Why are they using our road tax to pay for mrt lines? Like I said, it's exactly the same as NKF taking donations which were meant for those needy people, instead of using the money for the treatment of those needy people, they build toilets made out of real gold... Road tax is meant for the maintenance and upgrading or expansion of roads... Not for building mrt... U don't understand... LTA build the mrt for more than $30 billion, and sell it to sbs or smrt for more than $80 billion when it's done... Then they spend the $80 billion on other mrt lines and sell it to sbs or smrt for more than $150 billion... So what happens to our roads? Nobody maintain because LTA is too busy thinking about profit from this mrt lines and summons than to bother about the initial reason why LTA was created in the first place... To maintain the roads and make sure they're good for road users and not bumpy like a dirt road... Wtf are we paying road tax for if the roads are as uneven as an unpaved dirt road? Get what the fu*k I'm trying to say???

I am like HimQQ. I am stupid too, sorry for posting.

[XxPJYxX]

Sorry for scolding u guys stupid... Just that ****ing stress nowadays... Lost my job because I got a lot of mc from accidents in November 2008 and in june 2012... Owe Singtel about $400... Owe bike shop another $500 after paying about $1000 because had to repair my bike from the June 2012 accident and the rapid wear and tear from Singapore's fu*ked up roads... Fu*king stressed living in Singapore... Want migrate also cannot, need to do reservice... Never do, they charge desertion... Wtf sia... PAP suck... No more pap next election... Hopefully, someone will teach me how to create a party then u all can vote for me... No more Coe... Just road tax... Then I can smile even when u scold me a dog... HAHAHA... LOL

[heysugar]

As a sayings go: What goes up will eventually goes down.

 

 

Sent from Blackberry Smartphones®

[XxPJYxX]

As a sayings go: What goes up will eventually goes down.

 

 

Sent from Blackberry Smartphones®

 

Our salary not going up, it only goes down... Unless u get a promotion... Bus fares going up, taxi fares going up, mrt fares also going up... But our accident claim for loss of use not going up... Lawyer fees going up... Summons going up... The only thing coming down on us is the rain and the oppressors from above... Lol... ride safe, wet weather...

[Limhg]

Pardon me for stating/typing this.

 

If you is not able to voice this out to relevant authorities, (LTA and the likes), then what good are you posting this.

 

Just my 2 cents,

Everyone would know that roads are uneven, some are enduring these, some hate these, but who is able to make things happen;

posting in forums won't make things happen, it just informs forum surfers, and it would help if objective views are aired.

I am one who had to endure the road works, uneven roads, if not, just use another way/route to get to my destination.

 

Yes, I'm stupid, sorry for my post

 

It helps us understand how bad it can be if you are stuck in a situation where the rich get richer while the poor gets poorer in the rat race. Helps us understand how the gov can help us and why they are overspending on minister's pay instead of spending it on proper roads, proper COE and transport system.

 

Most of all it creates awareness that we can vote for a voice instead of suffering this for another 5 years. Doesnt mean if posting here doesnt create an immediate effect all will go to waste.

 

If we think like that, the government can do whatever they want and you can just pray and suck it all up while they enjoy $$$. Which is pretty darn close to what is happening right now. We as proper human beings cannot be lead by the nose all the time.

[XxPJYxX]

It helps us understand how bad it can be if you are stuck in a situation where the rich get richer while the poor gets poorer in the rat race. Helps us understand how the gov can help us and why they are overspending on minister's pay instead of spending it on proper roads, proper COE and transport system.

 

Most of all it creates awareness that we can vote for a voice instead of suffering this for another 5 years. Doesnt mean if posting here doesnt create an immediate effect all will go to waste.

 

If we think like that, the government can do whatever they want and you can just pray and suck it all up while they enjoy $$$. Which is pretty darn close to what is happening right now. We as proper human beings cannot be lead by the nose all the time.

 

Thanks for explaining... Didn't know how to put what I was thinking into words... Lol... Singapore is the only country with Coe...

[Lighteden]

Thanks for the allocation!

[ben1112]

I think newspaper should feature this phenomenon.

[rhema83]

There are many Singaporeans who cannot afford private transport and need to take the MRT. There are also many old and/or disabled folks who are unable to drive, not to mention ride. Please spare a thought for them. The revenue from MRT fares can never pay for the construction of MRT lines, so it is necessary to tap on COE, Road Tax and ERP dollars. Building MRT can potentially reduce the number of cars on the road (because some people will choose to take MRT and save the money if given a choice) so I am all for it. One day I am going to grow too old to drive/ride, too. Or would you rather see the money go into some Temasek / GIC investment and potentially disappear into thin air (since the market goes both ways)?

 

Don't forget that under economics, government spending can stimulate the economy during a downturn. LTA's MRT projects are creating jobs for Singaporeans: construction workers/supervisors, civil/electrical/mechanical/tunnel engineers, safety officers/supervisors, etc. These people earn their pay and then spend on other Singaporeans: hawkers, wet market stall owners, clothing retailers, etc. You can say some of the money gets remitted overseas by foreign workers and companies, but a big portion is still retained within our borders.

 

That said, $92k for a 10-year COE is ridiculous. Once you add in the cost of owning and running the car, it'll be cheaper to take a taxi everyday for 10 years (3650 days)! Unless you are really rich or have a genuine need, it is borderline foolish to spend this kind of money in this gloomy economy. I pay $3 in the morning and $1.25 in the evening to ride on the CTE, and that's already quite painful.

 

Peace out, and ride safe.

 

Disclaimer: I don't work for LTA or any transport-related company.

[bruce71]

There are many Singaporeans who cannot afford private transport and need to take the MRT. There are also many old and/or disabled folks who are unable to drive, not to mention ride. Please spare a thought for them. The revenue from MRT fares can never pay for the construction of MRT lines, so it is necessary to tap on COE, Road Tax and ERP dollars. Building MRT can potentially reduce the number of cars on the road (because some people will choose to take MRT and save the money if given a choice) so I am all for it. One day I am going to grow too old to drive/ride, too. Or would you rather see the money go into some Temasek / GIC investment and potentially disappear into thin air (since the market goes both ways)?

 

Don't forget that under economics, government spending can stimulate the economy during a downturn. LTA's MRT projects are creating jobs for Singaporeans: construction workers/supervisors, civil/electrical/mechanical/tunnel engineers, safety officers/supervisors, etc. These people earn their pay and then spend on other Singaporeans: hawkers, wet market stall owners, clothing retailers, etc. You can say some of the money gets remitted overseas by foreign workers and companies, but a big portion is still retained within our borders.

 

That said, $92k for a 10-year COE is ridiculous. Once you add in the cost of owning and running the car, it'll be cheaper to take a taxi everyday for 10 years (3650 days)! Unless you are really rich or have a genuine need, it is borderline foolish to spend this kind of money in this gloomy economy. I pay $3 in the morning and $1.25 in the evening to ride on the CTE, and that's already quite painful.

 

Peace out, and ride safe.

 

Disclaimer: I don't work for LTA or any transport-related company.

 

i am not here to argue or dispute your Point of view. i am here to clarify some misunderstanding you may have as i believed you are NOT in the construction industry. ( ie. i WAS in the industry for 18 years before my retrenchment 2 years ago. )

 

MRT does NOT create more jobs for singaporeans. perhaps this only applies to a select few in LTA. my explanation is too long to type here. take a look at the companies doing those projects & look at their staff from managers, engineers, draftmen, technicians, safety officers, foremen down to general workers. look closer & you will find the answers. even half the LTA officers supervising my work in the MRT project where i worked are not singaporeans let alone the private contractors. nowadays, even the contractor's directors & ownership are probably foreign too!

 

i have no quarrel with you or anyone...just want to make sure more people are aware of the

 

TRUE REALITIES ON THE GROUND.

 

i also agree vehicle population need to be control but there are no easy solutions. however the high cost of COE & WORST is the 10 year lease is a huge burden on private businesses which affect everyone. we need fresh food delievered to supermarkets. we need vehicles to ferry workers & materials in construction or heavy industries. almost no one is unaffected.

 

along with high rentals & transport costs, businesses find it difficult to survive let alone be 'fair' & pay 'fair wages' to 'singaporean workers'...see the big picture & you can see how all these little things habe a big impact on everyone from bosses to workers. all these to only make a select few richer...

 

hint: i will just name 1 example as it is highly accessible. ie. Downtown line 2 - contract 920 ( newton mrt ). main contractor is Shanghai Tunnel ( china ). go down the line & you see a KOREA contractor, INDIA contractor, AUSTRIA contractor, rails are from either a FRANCE or CANADA company. who do you think they will prefer to employ in upper management. what about low wage engineers from asia? etc

 

these examples i can give off hand are just the tip of the iceberg, there are more but i don't want to be long winded...it is not just construction, the infiltration have entered most other industries from retail, f&b, hotels, even IT! only civil servants appear to be "safe" FOR NOW.

 

most middle agers are now taxi drivers & security guards...

 

WARNING! if anyone reading this post are unaware of all these, perhaps they are fortunate enough to work in industries that are still relatively SAFE FOR NOW. but be forewarned, if the status quo continues, the infiltration will slowly but surely maybe even swiftly enter other industries & domains.

 

remember always to be on guard. do not be caught off guard in 10 years time. i foresaw this back in 2001 but even i cannot avoid the inevitable. 75 % of singaporeans were happily in their false sense of security in 2001. now we see many whining & complaining nowadays...

Edited January 26, 2013 by bruce71

[XxPJYxX]

i am not here to argue or dispute your Point of view. i am here to clarify some misunderstanding you may have as i believed you are NOT in the construction industry. ( ie. i WAS in the industry for 18 years before my retrenchment 2 years ago. )

 

MRT does NOT create more jobs for singaporeans. perhaps this only applies to a select few in LTA. my explanation is too long to type here. take a look at the companies doing those projects & look at their staff from managers, engineers, draftmen, technicians, safety officers, foremen down to general workers. look closer & you will find the answers. even half the LTA officers supervising my work in the MRT project where i worked are not singaporeans let alone the private contractors. nowadays, even the contractor's directors & ownership are probably foreign too!

 

i have no quarrel with you or anyone...just want to make sure more people are aware of the

 

TRUE REALITIES ON THE GROUND.

 

i also agree vehicle population need to be control but there are no easy solutions. however the high cost of COE & WORST is the 10 year lease is a huge burden on private businesses which affect everyone. we need fresh food delievered to supermarkets. we need vehicles to ferry workers & materials in construction or heavy industries. almost no one is unaffected.

 

along with high rentals & transport costs, businesses find it difficult to survive let alone be 'fair' & pay 'fair wages' to 'singaporean workers'...see the big picture & you can see how all these little things habe a big impact on everyone from bosses to workers. all these to only make a select few richer...

 

hint: i will just name 1 example as it is highly accessible. ie. Downtown line 2 - contract 920 ( newton mrt ). main contractor is Shanghai Tunnel ( china ). go down the line & you see a KOREA contractor, INDIA contractor, AUSTRIA contractor, rails are from either a FRANCE or CANADA company. who do you think they will prefer to employ in upper management. what about low wage engineers from asia? etc

 

these examples i can give off hand are just the tip of the iceberg, there are more but i don't want to be long winded...it is not just construction, the infiltration have entered most other industries from retail, f&b, hotels, even IT! only civil servants appear to be "safe" FOR NOW.

 

most middle agers are now taxi drivers & security guards...

 

WARNING! if anyone reading this post are unaware of all these, perhaps they are fortunate enough to work in industries that are still relatively SAFE FOR NOW. but be forewarned, if the status quo continues, the infiltration will slowly but surely maybe even swiftly enter other industries & domains.

 

remember always to be on guard. do not be caught off guard in 10 years time. i foresaw this back in 2001 but even i cannot avoid the inevitable. 75 % of singaporeans were happily in their false sense of security in 2001. now we see many whining & complaining nowadays...

 

Agree with u... Downtown line 1 - contract 913, main con is Korean company. Downtown line 3 - contract 903, main con French company joint venture with Singapore company... That's how I know the cost to build an mrt station... C913 uses Tunnel Boring Machine to dig the tunnel, C903 uses the cut and cover method, affecting the roads uneven surfaces. But not to worry, the bugis station is almost done!!! In a few more months, the roads will be smooth like before!!!