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

 

 

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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?

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  • Jim:

    I am not a subscriber of shittimes

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  • 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.

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  • If Can Show...:

    Will show you in BIG FONT oredi!

    Cannot hold water how to show?

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  • Gandhi must b antiPAP:

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

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  • 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.

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  • Fixit:

    Wither cpf?

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  • 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 !!!

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  • 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 !!!

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  • 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 ?

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  • 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.

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  • Ma Yam mee:

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

    Happy can already.
    Makan already?

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  • 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.

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  • 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.

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  • RDB:

    Pap ALSO IS pING aND pONG TOO?

    OOps!

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  • 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?

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  • RDB:

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

    TRE Editor… Agree?

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  • 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.

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