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Originally posted by dragg:
reduced the tariff by 25% after raising 22%. thats only 3% of the original price before the increase.
but the price of oil has dropped much more than that.
let's say start is 100.
after increase ==> 100 x1.22
122after decrease ==> 122 x 0.75
91.5any working error in my maths?
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Originally posted by soul_rage:
Enlighten me on what you mean by decrease in price almost matches the increase in price.
The increase was based on forward oil price of US$110+ if I don't remember wrongly. So if oil prices are now down to < US$50, how does it seem reasonable to you that the price only came down by 25% when oil prices have dropped by > 50%?
If oil price is zero, electricity price drop to zero? there are other factors than the price of oil, such as the salary of the workers converting the oil, cost of maintaining the power plant and so on.
still, oil is a major factor in the pricing. since you mentioned forward price was used to calculate the last increase, what is the forward price now? is it also <50? cos current price is not equal to forward price.
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Dec 5, 20084.2% pay increment unlikely
NTUC chief and SNEF say Mercer's projection unrealistic By Li Xueying, Political Correspondent
UNIONISTS and employer group Singapore National Employers Federation (SNEF) have scoffed at a recent survey that shows wages next year will increase by 4.2 per cent.'It is highly unrealistic' was how NTUC secretary-general Lim Swee Say put it yesterday.
Also questioning the salary projection was SNEF president Stephen Lee, who said a study by his federation showed a 'very different picture'.
'Given the sentiments, this 4 over per cent seems to be too high,' he said.
The survey in question was conducted by human resource consultancy Mercer Singapore, which polled more than 230 companies here last month.
It shows base-salary increments next year will be 4.2 per cent on average. This is a drop from 5.1per cent this year.
Mr Bob Tan, chairman of Jurong Engineering, who is also vice-president of SNEF, started the dialogue yesterday with the first question, asking panel members Acting Manpower Minister Gan Kim Yong, Mr Lim and Mr Lee, for their opinion of the projection.
It met with this quip from NTUC president John De Payva: 'The unions sent bouquets of roses to Mercer and thanked them for their optimism.'
In his response, Mr Lim appealed to union leaders not to use the projection as a benchmark when negotiating with companies.
He noted the world's gross domestic product growth next year is projected to be 2 per cent. This is lower than the 2.5 per cent in 1998 during the Asian financial crisis, and lower than the 2.3 per cent in 2001 after the Sept 11 terror attacks in the United States.
At the same time, the International Labour Organisation has just projected that by the end of next year, there will be 210 million jobless workers all over the world.
'So in the labour movement, we are very concerned that with this rapid drop in the growth of the economy, many businesses will be affected and very badly, and many workers will be affected and quite badly as well,' said Mr Lim.
'If you ask me, are we concerned whether wage growth will be 4 to 5 per cent, my reaction is, it is highly unrealistic, and I hope that you, brothers and sisters, share my sentiment.
'If you go out to the companies and start negotiating for 4 to 5 per cent, we will do ourselves in. If companies cannot survive, we lose jobs.'
What is important is to ensure Singapore will not be among the first locations for companies to reduce their production capacity.
So Mr Lim urged the unions to work with employers on saving costs. He also appealed to employers to work with unions on saving jobs.
He added: 'For companies that are making money, they will pay, don't worry about wage increases.'
Meanwhile, with the global economic crisis escalating quickly, the full effect of the recession has yet to be felt, said Mr Gan.
'So it would be treacherous to try to predict wage increase for next year, better for us to save jobs and save businesses.
'When looking at salary adjustments next year... we have to be realistic.'
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Originally posted by Rock^Star:
GDP per capita doesn't reflect the wealth of every citizen. Look at the gini coeff and u shall know.
Which country is more difficult to manage? Which country has citizens baying for blood all the time? USA or sheep citizens of Singapore?
Come on. If you think you haven't found anything refreshing in this topic, why contribute now? keke Not everyone is like you 24/7, this thread would be good for newcomers to the forum.
US is more difficult to manage.
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Originally posted by maurizio13:
I think it's acceptable that GDP is used as a comparison, afterall LKY did retort that Singaporeans don't understand proportions and he stated that the Ministerial Salaries was just like a certain percentage points of the total GDP of Singapore. Also makes more sense to see what percentage of the GDP is the Ministerial Salaries.
than come up with percentage of ministerial salaries per GDP loh. now is just comparing the wage of one guy against one guy, since LKY says ministerial salaries, than compare all the guys versus all the guys.
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Originally posted by walesa:
Said what?I still can't make out if you're with me or against me on this one. First, you claimed they were "trying to run" (which would suggest DPRK is hardly a paradise). Next, you asked me how were "any" country I listed (of which DPRK is one) is actually terrorist by nature?
So, what's your point? Decided on which side of the fence you'd rather be on?
yawnz...
you remember your original topic? "singapore government is terrorist goverment"
now what is your topic? that my logic is flawed. for the sake of argument, let's say my logic is flawed. that still doesn't mean you won the argument. that's more like trying to distract people from an argument you can't win.
you like to complicate stuff, i won't let you. you have not answered my question, i won't answer yours.
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Originally posted by Evangel:
1) PM's pay will be 5.3 Million and peasant's pay will stay stagnant or reduced to remain competitive.
2) 3/4 of the population will be PRs and 1/4 Singaporeans. Singapore's population would hit 6.5 Million to boost the economy.
3) Lee Hong Yi steps into politics.
4) 5 room HDB flats would hit $750K per unit on average. The young can no longer afford their own home. Or they will either slog out and use 30-50% of their monthly income to pay for their loans.
5) Our labour force will switch more to servicing instead of manufacturing. Become more like a tourist attraction country. We have 2 IRs and lots of retail shops for tourists, PRs and Singaporeans alike to spend.
6) Hydroelectric cars are introduced. More cars on the road. ERP per entry hits $5-$7. Road tax and COE all increase.
7) GST increased to 10-15%.
8) Corporate and personal income taxes go down.
9) Birth rates hit to historical lowest.
10) Full accountability of investments from GIC and Temasek made known to public. There will be internal audit of the finances of the country. (hopfully i get to see this)
All these are just my guesstimates and are based on assumptions. If I can predict the future, would be quite cool. lol! I would be "head-hunted" by the government.
so normal people will not have pay rise?
the starting pay of people 10 years ago is the same as the starting pay of people now?
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Originally posted by soul_rage:
I see.
So when they upped the prices, they only specifically point to Crude Oil Price as almost the single factor for the increase.And when lowering prices, they start saying there are other costs so price cannot be lowered that much?
And you believe that?
nope, they didn't say that. I did. the decrease in price almost matches the increase in price. so was the price before the increase based on price of oil long ago, or based on price of oil 2 years ago?
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Originally posted by pearlie27:
Why oil price dropped by more than 40%, they only the tariff by 25%?
if oil is suddenly free, do you think that electricity will be free too? other than the price of oil, there is the need to process it, generate electricity and pump it to you. there are other fixed cost other than the price of oil.
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Originally posted by kakashi84:
Guys, I passed the pyschometric test for CNB officer and my panel interview is scheduled on 10 Dec 08. Is there any advise you guys can give and what are some of the questions i should prepare. If they ask why i wanna join CNB, will saying that i want an challenging and meaningful job be sufficient?
be confident and tell them the truth. just make sure you are sincere and not evil.
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Originally posted by walesa:
Fret not, the contempt is mutual. Are you sure your eyesight is serving you
well? Or are you that retarded you haven't actually realised you've
actually given as much as you've taken on the insults stakes?I will answer your question after you've made up your mind and clear up your warped logic on North Korea first. More importantly, decide which side of the fence you're actually sitting on before returning to bark...
how about you do simple calculations on how many insults i throw at you, and how many you throw at me?
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