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COE CASINO
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pharoah88
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18-Apr-2010 00:10
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Voices ¡ have your say email your letters to voices@mediacorp.com.sg ¡ join the community www.todayonline.com/voicesWEekend today April 17 - 18, 2010
Buyers can bid if they want
... but most find it more convenient to ask dealers to do it on their behalf Acting Group Director, Vehicle & Transit Licensing Land Transport Authority WE REFER to “Wheeler dealers?” (April 9), which suggests that car owners be allowed to bid for their own Certificate of Entitlement (COE). Under the current system, vehicle buyers can already bid for the COE themselves. They also have the choice to allow motor dealers to bid on their behalf if this is preferred. In most cases, buyers have chosen the latter option for convenience and perhaps a better package deal for the purchase of the vehicle. With the open bidding system, all bidders have the same access to the prevailing bid price and can make informed decisions on their bid amount. Even when a buyer decides to bid through the dealer, he is still in control as the total price [The Quoted Price is HIGHLY INFLATED due to FEAR FACTOR of UNCERTAINTY CAUSED BY BIDDING TENDER] of the car is agreed between the buyer and the dealer prior to the bidding process. In this way, if any dealer bids high for a COE, it is at his own cost and not that of the buyer. We also have in place a number of restrictions to safeguard the COE system: • For each COE bid application, bidders are required to place a deposit, which will be forfeited if the successful COE bid is not used for registration of a vehicle within the validity period. [WHY FORFEIT DEPOSIT and NOT ACTUAL COE ???? ] • Individuals are limited to one bid per bidding exercise. • Successful COE bids for three out of the five categories (Categories A, B and D) cannot be transferred before the vehicle is registered. For Categories C (Good Vehicles and Buses) and E (Open Category), only successful COE bids in the name of individuals are transferable. These have shorter validity of three months and can only be transferred once. Successful bids by companies are all not transferable. • Cars registered using Categories A and B COEs cannot be transferred within the first three months. An additional levy is payable if the vehicle is transferred between the fourth and the sixth months. • The COE rebate of vehicles registered with Open Category COEs will be based on the lower of the quota premium of the Open Category or the vehicle category from the same tender exercise, and capped at 80 per cent if the vehicle is deregistered for export within two years from registration. These restrictions help to deter frivolous or speculative bids which might otherwise deny genuine bidders from getting a COE. [ACTUAL RESULTS PROVED OTHERWISE] Buyers can bid if they want ... but most find it more convenient to ask dealers to do it on their behalf because they did not know that the Dealers made profits out of their COE |
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pharoah88
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12-Apr-2010 16:36
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Authorities these days sEEms tO have vEry lOw SQ Solution Quotient they dOn't prOvide amicable sOlution but just all the Sweeping Statements How can One COE System fit all the transportation ? If the solution is so easily found in one Simple Sweeping Formula, every citizen can also become minister ?
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Andrew
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12-Apr-2010 15:53
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No leh.....CPI is going to spike too because..COE is definitely a component of CPI......
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niuyear
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12-Apr-2010 15:46
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COE rising, consumer price index will decrease? No money to spend on other thing, so, one must scrimp on other expenses. |
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pharoah88
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12-Apr-2010 15:34
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Steep COE premiums will hurt the economy
Letter from Gwee Kim Hong I WRITE with concern for the business community with regard to the present COE situation. While we appreciate the Government’s effort in keeping the vehicle population down, it could have some negative consequences. First, as the economy of Singapore recovers from the recession of the past year, there is likely to be an increase in the purchase of commercial vehicles. But looking at the escalating prices of goods vehicles due to the steep COE premiums, businesses with limited resources are likely to lose out. Their growth will be restrained as a result. Second, companies with an ageing fleet of vehicles will find it very costly to renew the COEs for their vehicles. Any renewal done at today’s rate will have a huge impact on their bottom line. In the end these added costs to companies will be pushed to end-users. I hope the Government considers how the new formula for calculating the number of COEs released will affect the business sector. As we all know, the buses and trains cannot support the delivery of goods and the transportation of workers by companies. ## It is SO STUPID to APPLY ONE COE FORMULA to reduce CAR POPULATION but CREATED many OTHER TRANSPORT-RELATED PROBLEMS ##
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des_khor
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12-Apr-2010 15:28
Yells: "Tell me who is the God or MFT from this forum??" |
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Tell our gorverment to rebate coe for those family with small kids same like having a maid got WP rebate. | ||||||||||||||||
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Andrew
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12-Apr-2010 15:25
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I just got an email the other day from LTA, the bidding price for bid number 597 is confidential....... | ||||||||||||||||
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pharoah88
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12-Apr-2010 15:18
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It’s hard to cope without a car when you have kids Letter from Barbara Tan I REFER refer to the report “COEs the next lightning rod?” (April 8). The huge jump in prices did not surprise me, because Singaporeans are basically very “kiasu” at heart, causing prices to escalate at the prospect of the supply of COEs falling. Besides, time is a very precious commodity in Singapore, where we have been encouraged to work hard and be competitive. Add to this the fact that couples are being encouraged to have more children, and it becomes clear why it is increasingly harder to cope without a car. We cannot be asked to be competitive and while not aspiring to a more comfortable lifestyle — these go hand in hand. As such, the Government needs to address the imbalance of car ownership and the artificial inflation of prices due to the COE quota system, in order to give a fair and fighting chance to every man on the street to improve his way of life. Besides, I have seen people struggling with prams and babies in buses and on trains and I can vouch that it is no easy task. Buses and trains can be horridly crowded, the passengers not particularly generous about giving up seats, and some bus drivers’road skills leave a lot to be desired. And it’s difficult enough trying to juggle one child, but what if you have two or three? ## TRANSPORT OPERATORS ARE MISERS in the provision of mOre SEATS, mOre BUSES and mOre TRAINS ## |
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pharoah88
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12-Apr-2010 14:41
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Voices ¡ have your say email your letters to voices@mediacorp.com.sg ¡ join the community www.todayonline.com/voicestoday Monday April 12, 2010 10Cars a luxury? Not for us * * * * * * * * * * * * * * How about a BALLOT to replace the BiD system? Letter from Mark Ho ARE cars really luxury items that many of us can do without? I would argue cars are not a “luxury” when one needs to transport young children, elderly folk and bulky goods. One is not guaranteed a seat on public transport when you most need it, and they are poor alternatives when one has to transport big, heavy items. Besides, the time saved on transport when one owns a car helps families bond — just by virtue of allowing parents to get home faster to spend quality time with their children. Is family bonding time a luxury we should consider doing without? If the intent of the COE system is to control the number of cars on the road, why do we need a COE bidding system, since it promotes unhealthy speculation? Just controlling the number of COEs (perhaps by ballot system) should suffice — without bringing money into the equation. |
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pharoah88
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12-Apr-2010 14:35
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Andrew, you will make a bEttEr MINISTER of TRANSPORT for SINGAPORE.
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pharoah88
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12-Apr-2010 09:55
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MINISTRAY OF TRANSPORT - does not know these facts ? - did not do proper due diligence ? - ignores the truth ? - is BLiND SiGHTED ? - whatever ?
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Andrew
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10-Apr-2010 23:43
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I think both of them is out of point leh..... The facts first : For Pte Car, in 2009, there are 576,988 units. Of these units which is less than 4 years old is 67.2%. If we screen off to less than 5years old, 83.4%. So that, only 16.6% are 5years and older. For the between 9 to less than 10 years only 1574 cars or 0.3%. There are only two major road infrastructure project on going......CTE widening by 2014 and Marina Coastal Expressway (MCE). With no much improvement to infrastructure and a relatively new car population. High COE is going to last at least 4~5 years. Unless there is a major recession during these times. And there are simply too many cars on the road.....jam jam jam. Even if garment want to increase quota also cannot. And it is all their fault lor,,,,why, they should have seen it coming leh....and reduce it long time ago. The public simply cannot take abrupt spike in price....almost 100% COE increase in 1 month!!! Dealers are losing money, car buyer is short changed. Only those who buy CAT E is laughing all the way to the bank. Should we say bye bye to CAT E ?? Next, those buying from PI, big time coming. I would expect many to go bust. So.....be gentle with your PI car(s).....
UNLESS !!!! The public think 45K for a piece of paper is NO NO.....
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pharoah88
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10-Apr-2010 18:04
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bEtwEEn BUSINESS TIMES and MINISTRY OF TRANSPORT: Who is RIGHT ? Who is WRONG ? Who is ACCURATE ? Who is INACCURATE ? Which is TRUTH ? Which is UNTRUTH ? Which is BLACK ? Which is WHITE ? Which is STRAIGHT ? Which is NOT STRAIGHT ? |
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pharoah88
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10-Apr-2010 17:58
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Friday: 9th APRIL 2010 BUSINESS TIMES
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pharoah88
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10-Apr-2010 17:56
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ST Forum Apr 3, 2010Old formula doesn't mean more COEsI REFER to Mr Tan Jiaqi's letter, 'COE price hike: Govt not entirely right', on Wednesday. Mr Tan asserts that the new formula for certificate of entitlement (COE) quota, which comes into effect this month, was one reason for the rise in COE prices in the recent bidding exercise last month. Both the old and new COE formulas aim to replace deregistered vehicles through the COE supply. Under the old formula, the number of vehicles deregistered is based on projections derived from historical trends. The new methodology merely does away with the need to project deregistrations by basing the number of replacement COEs on the actual number of vehicles taken off the road in the most recent six-month period. In doing so, the new formula provides a COE supply that is more responsive to changes in vehicle deregistration patterns, and is not subject to errors in projection. The change in formula in itself does not result in a significant change in COE quotas. If there is a trend of more vehicles being deregistered, then both the new and old formulas would provide for a higher COE quota. Likewise, if there are fewer vehicles being deregistered, the COE quota will fall regardless of the formula used. The cut in the COE quota announced last month was a direct result of there being fewer vehicle deregistrations recently. It is wrong to conclude that if the Government had kept to the old formula, there would have been more COEs. In its review of the COE formula, the Land Transport Authority sought the views of the various motor trading associations, which were generally supportive of the proposal. In deciding on the change, the Government took into account their feedback, to use a six-month recycling period to allow the industry time to adjust. Phua Hooi Boon Director (Land Transport Division) Ministry of Transport |
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pharoah88
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10-Apr-2010 17:45
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Friday: 9th APRIL 2010 BUSINESS TIMES
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pharoah88
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10-Apr-2010 17:40
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Friday: 9th APRIL 2010 BUSINESS TIMES
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pharoah88
Supreme |
09-Apr-2010 14:21
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GOOD GOVERNANCE has FOUR PILLARS OPEN FAIR JUST TRANSPARENT an Integrated WHISTLE BLOWING SYSTEM LiKE ALL TALENT, WHISTLE BLOWERS must be WELL REWARDED. WHISTLE BLOWING can BLOW EVERYTHING OFF ITS TOP *NOTHING CAN ESCAPE WHISTLE BLOWING* ALL LEADERS FEAR WHISTLE BLOWING NO MAN IS PERFECT TO ERR IS HUMAN |
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pharoah88
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09-Apr-2010 11:51
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nOw i remember a QuestiOn i HEARD befORe : WHY SingapOre always CAUGHT ONLY the LOAN iKan Billies ???? NEVER CAUGHT REAL LOAN SHARK ???? may be ADVANCED TRAINING is required in LOAN SHARK ARREST |
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pharoah88
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09-Apr-2010 11:45
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isn't this a NATIONAL FRAUD ???? which is NATIONALLY KNOWN ???? dOn't tEll mE it is WORLD's 1st ???? nOt AGAiN ???? nOt this ah men ????
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