Latest Posts By pharoah88
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| 01-Jul-2010 12:43 |
Crystal
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Stable income
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Electricity to cOst mOre Teo Xuanwei and S Mustafa xuanwei@mediacorp.com.sg SINGAPOR E She only flicks the switches on at night — for about four hours — to operate a small standing fan and the lights in the living room when she watches the television. Their daily consumption habits have stayed constant, yet their utilities bill has grown by over 20 per cent since the start of the year, said the 51-year-old tea lady. “From paying around $90, my bill was nearly $120 last month. I was shocked because the use of our appliances have remained the same,” she said. Mdm Lim’s experience will resonate with many households who are set to face a fifth straight quarter of higher electricity prices, starting today. From July 1 to Sept 30, electricity will cost 2.42 per cent more, electricity retailer SP Services announced yesterday. Each kilowatt hour (kWh) will cost 0.57 cents more, at 24.13 cents per kWh — about 25 per cent more than a year ago. Including the Goods and Services Tax, the new rate is 25.82 cents per kWh. On average, families in four-room HDB flats can expect to pay about $2.33 more per month. Average fuel oil prices over the last three months have remained stable at about $102 per barrel, according to SP Services, a subsidiary of the Singapore Power Group. But higher capital and operating costs of power generation — which cover manpower and maintenance costs of operating power stations — led to the price hike. The Energy Market Authority (EMA), a regulatory body which seeks to promote effective competition in the energy market, told MediaCorp that capital and operating costs used in the tariff formula are reviewed every two years. Between these biennial reviews, the cost components are adjusted every quarter to take inflation into account. “It is this inflationary component that has contributed to the tariff increase in the third quarter,” the EMA statement said. The higher rates also include an adjustment for under- collection in the previous quarter. As tariffs are set in advanced based on forecasted consumption, adjustments have to be made in the subsequent quarter against the actual electricity billings to reflect the actual cost of electricity. In most quarters, these adjustments are too small to be highlighted, because they are overwhelmed by the fuel oil price changes which are usually much larger. But with fuel oil prices remaining stable this quarter, EMA said the adjustment factor was highlighted accordingly. Analysts told MediaCorp the tariff hike is expected to have the greatest impact on lower-income families because they are less likely to enjoy any wage increases despite the buoyant hiring market. And with inflation forecast to hover around the 3 per cent mark, these families “will feel the pinch the most”, said DBS economist Irvin Seah. Said CIMB-GK economist Song Seng Wun: “Professionals or workers with skills that are in demand are more likely to command better wages ... Their higher salaries will probably offset the higher electricity prices.” — During the day, her four-room flat is empty as Mdm Lim P G, her husband and children are out at work. |
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| 01-Jul-2010 12:34 |
Crystal
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Stable income
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Thanks you very much
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| 01-Jul-2010 12:23 |
Genting Sing
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GenSp starts to move up again
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CiTi Ah CiTi fallen angel frOm FiNANCiAL HEAVEN nOw iN FiNANCiAL HELL |
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| 01-Jul-2010 12:20 |
Genting Sing
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GenSp starts to move up again
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31 Million shares accumulated at S$1.190 Funds buying ? |
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| 01-Jul-2010 12:13 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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BEAR BARE |
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| 01-Jul-2010 12:05 |
COSCO SHP SG
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CoscoCorp
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UNfOrtUnately CiTi is a pOOr bank nOw nO mOre mOney pOwer BAD LUCK MERiTORACY AUTiSM
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| 01-Jul-2010 12:01 |
Crystal
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Stable income
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How much DiViDEND WiLL K-GREEN DiSTRiBUTE ? ? ? ? |
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| 01-Jul-2010 11:56 |
Genting Sing
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GenSp starts to move up again
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CiTi shOuld take care Of its Own share PRiCE analysis FiRST iNstead Of TRYiNG sO HARD tO tEach Others hOw tO iNvest . . . . AIG DE-listed Fanny Mae DE-listed Funny Mae DE-listed WiLL CiTi be DE-listed ? ? ? ? Can CiTi CLOUD LiKE Genting ? ? ? ?
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| 01-Jul-2010 11:46 |
SMRT
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SMRT
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ULTiMATELY ALL PROPERTiES WiLL be near MRT statiOn. It is The TRANSPORT SCAM in the AGE Of The STUPID |
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| 01-Jul-2010 11:41 |
COSCO SHP SG
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CoscoCorp
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CiTi Analyst is shOOting dOwn C O S C O PreviOus lOw was S$1.300 neXt lOw ? ? ? ? WiSH lOw S$0.900 |
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| 01-Jul-2010 11:35 |
Genting Sing
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GenSp starts to move up again
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MERiTOCRACY iN the bOx ? ? ? ? MERiTOCRACY PETERiNG ? ? ? ? MERiTOCRACY AUTiSM ? ? ? ?
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| 01-Jul-2010 11:30 |
Genting Sing
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GenSp starts to move up again
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Thursday: 1st JULY 2010 CLOUDING 09:07:24 S$1.190 10,000,000 BfS 09:07:27 S$1.190 3,375,000 BfS sOmebOdy has accumulated 20 Million shares at S$1.180. Once the accumulatiOn is cOmpleted, it is TiME tO BYE BYE S$1.200 |
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| 01-Jul-2010 11:23 |
Genting Sing
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GenSp starts to move up again
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GENTING CLOUDING |
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| 01-Jul-2010 11:06 |
SMRT
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SMRT
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SiNGAPORE LAND TRANSPORT SYSTEM TRAPPED INSIDE THE BOX ? ? ? ? OVERCOMPLEX & LACK SIMPLICITY ? ? ? ? OVER TiMiNG OVER FEEDING OVER WALKING OVER CHARGING OVER STATIONING OVER TRANSFERING OVER INTERCHANGING tO THiNK Of it ALL sEEms A U T I S T I C Is this TRANSPORT AUTISM ? ? ? ? Is this SYSTEM AUTISM ? ? ? ? Is this GOVERNANCE AUTISM ? ? ? ? Is this PETERS AUTISM ? ? ? ? Is this MERITOCRACY AUTISM ? ? ? ? Making a SiMPLE sOlUtiOn sO cOnfUsed ? ? ? ? |
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| 01-Jul-2010 10:52 |
SMRT
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SMRT
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Solar Electric Tuk Tuk MERITOCRACY in City State TRANSPORT mOst Effective (Least cOnstraints) mOst Efficient (Least TiME) mOst Economical (Least cOst) mOst GREEN [SiLENT & EMiSSiON FREE] nO TRANSFER required (mOst DiRECT SERViCE) dOOr tO dOOr Pick-Up and Drop-Off (BEST of the BEST) Excellent fOr Kids and Ageing population and housewives MiNiTRY Of TRANSPORT shOuld nOt OverlOOk Or be ignOrant of this Only BEST sOlutiOn fOr the citizens' HAPPINESS |
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| 01-Jul-2010 10:42 |
SMRT
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SMRT
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Updated: 29/06/2010
Future looks sunny for Bangkok's Solar tuk-tuksPrapai Hemsuwan gunned the engine of his emerald green three-wheeler, sending it into a fit of rasping coughs and causing clouds of black smoke to belch into the air. "Life would be meaningless without the tuk-tuk," he said. His beloved cart is one of nearly 8,000 auto rickshaws in Bangkok and their spluttering paroxysms -- the "tuk-tuk" name came from the sound made by an early model -- have become a key feature of city life. But the brightly coloured buggies, most of which run on gasoline or natural gas, are facing increasing competition from more modern and greener modes of transport, raising questions over their future. A sort of motorbike crossed with a tricycle and a tin can, the open-sided buggy exposes its passengers to blasts of exhaust fumes during a white-knuckle ride down sweltering, traffic-choked streets. Set against air-conditioned and often cheaper taxis, as well as Bangkok's elevated sky train, the humble tuk-tuk looks like something of a relic. But the creation of a new solar-powered model could see the three-wheelers accelerate into the 21st century. The prototype cart is the brainchild of Air Marshal Morakot Charnsomruad, who hopes that his buggy could herald a cleaner, greener era on Bangkok's congestion-choked streets. "It will help clean up our country -- everyone will want to drive it," he told AFP. Morakot, a former armament and science chief for the Thai Air Force, is already selling electric versions across the world through his Clean Fuel Energy Enterprise. The new tuk-tuk has a battery, but uses the sun's rays to supplement the power supply. It is silent, emission-free and can run for 80 kilometres (50 miles) on a three hour battery charge costing 10 baht, compared with up to 60 kilometres for conventional models before they need refuelling. Thrill-seekers will also be pleased to note that the solar version can reach speeds of about 60 kilometres per hour, even outstripping its gasoline-powered rival in a test sprint. And, in a nod to the fact that many of those willing to expose themselves to the heady aroma of Bangkok's roads are Western tourists, the new cart has been designed with more leg room and a higher ceiling. But while Thailand's climate means there is enough sunlight to keep the tuk-tuks on the road year-round, they have yet to make their commercial debut on Bangkok's streets. City authorities stopped issuing new tuk-tuk licences in 2008, meaning manufacturers have focused on spare parts and exports. Meanwhile, Thailand's Department of Pollution Control is set to produce new draft standards on three-wheeler emissions in three or four years' time, which will dictate what type of vehicles are acceptable on the road. Although the authorities want electric models to replace traditional carts -- they can already be seen out and about -- the solar-powered version has not yet received the green light for commercial use. And the authorities want to balance concerns over the contents of tuk-tuks' tanks -- some even run on cooking oil -- with sensitivity about drivers' needs. "They have low incomes and if we are too strict on them they will have hard lives," an official said. The solar machines would have a price tag of about 320,000 baht -- almost 10,000 dollars -- against 180,000 baht for a regular tuk-tuk, but Morakot hopes that eventually government subsidies would make them more affordable. Greenpeace environmental campaigner Tara Buakamsri said while normal tuk-tuks contribute to pollution, electric and solar vehicles could play their part in "revolutionising Bangkok's way of life". "Tuk-tuks can lead the way for a better and healthier transport system in Bangkok and the rest of the country," he said. The tuk-tuk has been a feature of Bangkok's streets for decades. The first arrivals were imported from Japan in the late 1950s, but Thailand soon began to produce its own cheaper version that quickly replaced pedal-driven three-wheeled bikes known as "samlors". Despite an attempted ban in the 1960s, they have grown to become something of an unofficial symbol for Thailand. Fugitive former premier Thaksin Shinawatra even presented a tuk-tuk to Zimbabwean leader Robert Mugabe while in office. The solar tuk-tuk has already attracted its own political patronage, with current Prime Minister Abhisit Vejjajiva taking a recent sun-powered spin. At the tuk-tuk rank near Bangkok's flower market, drivers were enthusiastic about the prototype. Prapai, who has been driving a tuk-tuk for 20 years, was impressed with the look of the solar model and said he would be keen to use one -- as long as it could cope with the heavy loads he carries every day. The 46-year-old delivers large bundles of vegetables, earning up to 1,500 baht a day after 100 baht spent on fuel. Fellow driver Korakot Jansupi, 44, believes the tuk-tuk will adapt to remain a feature of Bangkok in the years to come. "It's a unique symbol of Thailand," he said. |
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| 01-Jul-2010 10:31 |
Others
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DOW & STI
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SUPER GERMAN POWER at 90 fOrever yOung ? What dOes he eat ? |
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| 01-Jul-2010 10:25 |
Others
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Updated: 30/06/2010
Thailand charges Australian, 90, with raping four sistersA 90-year-old Australian man has been charged with illegally detaining and raping four young sisters at his home in northern Thailand, police said Wednesday. German-born Joseph Kraus Karl was arrested at his house in Chiang Mai province on Tuesday after police received a complaint from the children's father. The Thai girls, aged seven, 11, 12 and 14, were allegedly abused repeatedly after being invited to visit Karl's property in 2008. "Initially he denied all charges and will only testify in the court," said police Colonel Kritapol Yeesakorn. Karl, who faces a maximum of 20 years in prison if convicted, was born in Berlin. He later obtained Australian citizenship but police said he has lived in Thailand for "many years" on a retiree visa. |
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| 01-Jul-2010 10:22 |
Others
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DOW & STI
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The Warnings BP Seems to Have Ignored
By Ian Cooper | Wednesday, June 30th, 2010
Rife with comical absurdity, “Drill Baby Drill” mentality assumes that we're smart enough to drill for oil offshore. But the BP disaster in April did a heck of a job disproving that... All BP had to do was heed the warnings over blow-out protectors (BOPs) — which ultimately failed and contributed to the fireball over the Gulf of Mexico — and BP most likely wouldn't be in the mess it finds itself in today... But that's what happens when people don't listen BP's blowout protector was a 325 ton, $15 million beast that sat at the bottom of the Gulf, controlling pressure or shutting down flow if something went wrong. Had it been working properly, it would've kept gas from running up too quickly into the rig, which is exactly what happened and what sparked the explosion of Deepwater Horizon. But had BP listened to warnings, the Gulf wouldn't be full of oil. |
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| 30-Jun-2010 15:16 |
Others
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GERMANY started 2nd World War tOO | ||||
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