Straits Times publishes 4 full pages on water supply and price hike but no mention of costs, revenues, profits?

I refer to the four and a half pages in the Sunday Times (Mar 12) – arguably, trying to explain the justification for the water price increase.

Most important data missing?

I am unable to find in the four and a half pages the data which are arguably the most pertinent and obvious (at least to Singaporeans) on the subject issue.

No costs, revenues, profits?

Namely, what are the historical costs, revenues and profits/losses, and the future projections?

Try to estimate?

Let me attempt to do some estimates.

  • The PUB’s profits for the last financial year was $167 million.
  • The Water Conservation Tax for the last financial year was $192 million.
  • GST is estimated to be $44.8 million (7% divided by 30% x $192 million).
  • The estimated income tax transferred to the Government on the PUB’s profits was $34 million ($167 million divided by 0.83 (17% tax rate) – $167 million).

The total for the above four items works out to $438 million.

$438m cash inflows – profits?

So, does it mean that the cash inflows from water is about $438 million for the last year?

Projected future cash flows? 

With the increase in the price of water by at least 30 per cent – what are the projected figures in the future?

154th Press Freedom ranking? 

Is it any wonder why our Press Freedom ranking is at an all-time low of 154th?

 

Leong Sze Hian

 

 

Sponsored Content

18 Responses to “Straits Times publishes 4 full pages on water supply and price hike but no mention of costs, revenues, profits?”

  • N.Jungne:

    Thanks. Mr. Leong, Sunday Times does not know where it stand, For Singaporeans or for Malaysians?

    GD Star Rating
    loading...
  • Jim:

    I am not a subscriber of shittimes

    GD Star Rating
    loading...
  • KNN:

    Politically Correct version (Bullshit the sinkies):
    - Existential issue, strategic & scarce resource, Linggiu reservoir drying up, 17 yrs never increase water price, need sinkies to better appreciate water.

    Politically Incorrect version (the real situation):
    - What’s wrong with collecting more money?!?! We just want to increase profits, & screwing dumb sinkies is the easiest way to do it. You die is your biz.

    GD Star Rating
    loading...
  • If Can Show...:

    Will show you in BIG FONT oredi!

    Cannot hold water how to show?

    GD Star Rating
    loading...
  • Gandhi must b antiPAP:

    Loong vowed to NOT only fix the opposition politicians, he is fixing the 3.5 millions of citizens.

    GD Star Rating
    loading...
  • Uncle Lim:

    Shitty Times, the champion of half truths, has now proven beyond a doubt that it’s PAP mouthpiece.

    Stupid to subscribe or buy a political party propaganda paper.

    Soon ST will rank 160 plus. Fantastic ST!!

    Good probing Leong.

    GD Star Rating
    loading...
  • Fixit:

    Wither cpf?

    GD Star Rating
    loading...
  • C'est la vie:

    Isn’t it just typical of the ST to dedicate four pages in an attempt to quell the disconcerted and unconvinced voices.

    The misuse of the main paper in S’pore is one thing but being prepared to put into print, what to BS, is another indication, of what the govt thinks of its people !!!

    GD Star Rating
    loading...
  • C'est la vie:

    Isn’t it just typical of the ST to dedicate four pages in an attempt to quell the disconcerted and unconvinced voices.

    The misuse of the main paper in S’pore is one thing but being prepared to put into print, what tentamounts to BS, is another indication, of what the govt thinks of its people !!!

    GD Star Rating
    loading...
  • rukidding:

    First there was the “Con People Fund”….whose “promise maturity date” was 55 y.o ,…but Goal Post keeps “shifting” with silly excuses.

    Next there was the COE excuse and some “promises” that were made to “stop COEs” when those ERPs gantries were “all up and operating” ???

    Ghee,….I guess there are till more Gantries coming up…essentially anothet “Con people promised”….cause…there can be “NO ENDing” to those reasons for mre gantries ??

    Now, the water talk cock excuses ????

    Ghee,….how long do those 70% want to remain as Dafts ?

    GD Star Rating
    loading...
  • PAP cannot be trusted:

    Without a doubt, the water price hike saga proves (again) that PAP cannot be trusted. Sadly, 70% of Singaporean voters are too stupid to realise it.

    GD Star Rating
    loading...
  • Ma Yam mee:

    I won’t call it brainwashing but propaganda.
    Without it the system cannot work.

    Happy can already.
    Makan already?

    GD Star Rating
    loading...
  • nizhemoshou:

    UNholy Shit, 4 pages of more BS propaganda! Moh ngan tai. Evidence the greed unlimited Leegime know the pple not happy but still die die mus have their cake and eat it.
    SG is run by racketeers not rulers. It is done for unless all oppies unite and thro them out.

    GD Star Rating
    loading...
  • Citizens Care:

    Pay And Pay until we drop dead, that is the real intention of the PAP. These bunch of world’s highest paid political thugs are killing us slowly but surely.

    GD Star Rating
    loading...
  • RDB:

    Pap ALSO IS pING aND pONG TOO?

    OOps!

    GD Star Rating
    loading...
  • RDB:

    Know why I write like dat?

    Becaw when you are writing to 70% daft of Past Tense which include him too who said that, you MUST write like dat right? If not I oso become stupidly no no how to stoop low momentarily jive with them world’s highest class DAFT confirmed by Past Tense one time as them all live in their Real-World of REEL -WORLD! GET MY DRIFT?

    GD Star Rating
    loading...
  • RDB:

    Soo… FIGHTING ABSOLUTE STUPIDITY WITH THEIR StooPeeDeity is good or bad and daft? Get my “stupid” drift?

    TRE Editor… Agree?

    GD Star Rating
    loading...
  • NATIONAL PRogRAMMING:

    Using tax payer money, i think programmes like ” happy can already” and “jia bah buay” can be used to program the people to think in certain way.

    Surely, this does not benefit PAP?
    Surely using the people’s money does not help PAP ?

    Towards sg1000.

    GD Star Rating
    loading...

Leave a Reply

 characters available


SPONSORED CONTENT


Member Services
Members LoginSelf-ClassifiedsSelf-Support
Sponsored Advertisement

Search On TR Emeritus
Sponsored Advertisement











Most Recent Comments
  • PAP has the mandate: It is well known the pedophiles are heading to Stinkapore and south east asian, only gong gong,...
  • Bitter Gourd: 70% still believe PAP is a good govt. By next GE,perhaps could pshyco another 15% to 20% to join in to...
  • pakuqaz: guys just ignore those basted ACLS and lawyers. ballless MF.
  • 苏珊: No Means .能成为人民解放军一员,为党效力,尽忠职守,非常光荣。臭小子 不识趣。他的损失。 Cynical Investor: Hehehe. At this rate serving NS would...
  • wownoob: Singapore is included in the list of countries la…2nd page first entry…
  • 苏珊: 你很有空 ? 三叔: 突然间变得好喜欢你!
  • Limbo Rock: Nothing further from the truth. Could be TRump telling LHL to buy their F-35 or they send AY back....
  • RDB: Many a Singaporean adult focused mostly or even only on Amos Yee’s expletive “F…” they...
  • Very free lawyer associations: If Reason is on ur side, be Forgiving. If Justice is on ur side, be Humble. The...
Announcement
Support TR Emeritus
Support TR Emeritus:
Other Amount:
Advertisement
Advertisement
Free Classifieds
  • [$9 Shareme Headphone or $99 Karaoke Sound Bar] HD 1280x800, 3000 Lumens, Wifi, Bluetooth, Android I

    AFFORDABLE HIGH DEFINITION HOME ENTERTAINMENT PACK...
    [Read more]

  • Enjoy stunning views at half the rental rates

    Now Starting at just $3.60 psf per month, we have ...
    [Read more]

Readers Statistic
Latest Statistic