On 1 Oct 2008, the Singapore government announced a 21% electricity tariff hike despite Singapore Power reported more than S$1 billion net profit after taxation.
I posted an earlier post last month on Singapore Power and the local power generation companies profitability. They are public utilities companies and should be for-people instead of for-profit. The Singapore government could have done better like the Hong Kongers. Hong Kong instead of increasing electricity tariff, they lower theirs!
Singapore still has a long way to go.
Why 20% hike despite $1 billion profit? [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
新加坡人口400万，亚洲人口4亿，全世界人口6亿。 但是，我一人可能就很有可能是世界最傻的了。我真是个不折不扣的大木头。真是受不了自己。
-
If you are working with PowerShell and need a fast way to list all files in a directory, including those buried in subfolders, this one-line...
-
I was at Bugis Junction today and saw 蘇打綠 (Soda Green) performing. They look so much different especially the lead singer. I find their song...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.