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  #1051  
Old 27-06-2018, 08:07 PM
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

oBike in S’pore a lousy business that lost S$4.25 million in a year

Crap.

By Belmont Lay | June 27, 2018


Talk about being crap.



More details about oBike’s loss-making business in Singapore has come to light, courtesy of Business Times and Today on June 26.

The details presented make it clear oBike’s business proposition ranged from poor to non-existent — and yet still managed to raise US$45 million in funding.

Cash flow problems within one year

Launched in Singapore in January 2017, oBike has been having cash flow problems since beginning of 2018 — one year into business here.


It ran up losses of more than S$4.25 million for the financial year that ended Dec. 31, 2017, as it brought in only S$912,668 in revenue.

Could not pay for services

It also owed various service providers money.

One of these service providers is Ruder Finn, a public relations agency in Singapore. oBike owes it several months of fees.

oBike had engaged Ruder Finn’s services in September 2017, but the contract has been “put on hold due to payment issues”.

Another company that is owed money is a logistics partner hired by oBike to round up indiscriminately-parked bicycles.

It also suspended its services this year when it hadn’t been paid its fees.

oBike had told this partner that it was in talks for a merger or acquisition, and would pay up after that. Talks failed.

Lee Der-Horng, director of the NUS-LTA Transport Research Centre, said: “I will not be surprised if more operators are forced to step out of the small Singapore market. Their incomes are pathetic. Whatever fees they collect are far less than their expenses.”



continue reading here : https://mothership.sg/2018/06/obike-...osses-revenue/
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  #1052  
Old 27-06-2018, 08:09 PM
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

Bicycle-sharing might cost more with new LTA rules kicking in

Cheap things come at a social cost.

By Joshua Lee | June 27, 2018


Price hikes might be on the way for bicycle-sharing users.


Higher costs?

Mobike and ofo recently increased rental prices for using their bicycle-sharing service.

It is their attempt at weaning Singaporeans off the “discounted introductory prices” dangled to attract users initially.

And further hikes can possibly kick in after the July 7 deadline set by the Land Transport Authority (LTA) for bike-sharing firms to submit applications for a licence to operate in public places or cease operations.

Those who submit them will have their applications evaluated and licence awarded by September.

Operating according to the bike-sharing operations licensing framework will then be a costlier affair and these costs might be passed on to riders.


What is this licensing framework?

The new licence, which is part of the Parking Spaces (Amendment) bill, sets out a bunch of conditions that bike-sharing companies have to follow if they want to operate in Singapore.

Licensing conditions include making sure bicycles are in working condition, parked properly, and enforcing a blanket ban on recalcitrant users.

Current bike sharing companies will also have to downsize their fleet. With 100,000 dockless bicycles in Singapore, only half of them are in use at any one time.

Bike-sharing firms will also have to share data about users with one another.

Recalcitrant users who don’t park properly can be banned for up to a year and can be charged for as long as the bicycle they used is not parked properly at the designated area.

Syncing the various platforms and abiding by new rules, such as the scanning of QR codes to proof a bicycle has been parked properly, will require resources.


continue reading here : https://mothership.sg/2018/06/bike-s...ase-singapore/


Another failed PAP policy to encourage people to go car-lite .
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  #1053  
Old 27-06-2018, 08:16 PM
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

oBike users unlikely to get back deposits, say lawyers


Published Jun 27, 2018, 5:00 am SGT



At least 259 users of shared-bike service oBike have made complaints to the consumer watchdog this year, with the majority involving deposit refunds and lodged in the past two days after the operator announced a surprise exit from Singapore on Monday.

With the company going into liquidation, chances of getting the refunds are slim as oBike's assets will be distributed to pay off possible debts, and customers will be low on the list, say lawyers.

oBike, which launched here in January last year, had at least 20 staff, with no reports of workers being unpaid so far.



continue reading here : https://www.straitstimes.com/singapo...ts-say-lawyers
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  #1054  
Old 27-06-2018, 08:22 PM
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Re: ‘Leaders must be able to take criticism, acknowledge mistakes’: PM Lee

Locals question 30 per cent water price hike since Singapore only pays Malaysia 3 sens for 1000 gallons


By Jewel Stolarchuk -

June 27, 2018

While some Singaporeans were anxious after Malaysian Prime Minister Dr Mahathir Mohamad indicated that his government will possibly look into the “manifestly ridiculous” price of the water Malaysia sells to Singapore, others have expressed incredulity at the extremely low price of water sold from Malaysia and Singapore and have questioned why water-related fees here climb despite the low price.

This comes after Dr Mahathir singled out water as one of the issues Singapore and Malaysia need to iron out as he revealed, “they are still paying 3 sens for 1 thousand gallons. And once the 1000 gallons is returned we can buy back 12 per cent of that. At the same time they can sell 100 gallons for 17 Singapore Dollars. That is a lot of money.”

Dr Mahathir’s revelation prompted several posts like this to pop up on social media this week:

The post above captures a question by a netizen Danny Ong who challenges why water prices here were hiked by a whopping 30 per cent given the low price Singapore pays its neighbors across the Causeway for water.

The 30 per cent water price hike was announced by Finance Minister Heng Swee Keat as he delivered Budget 2017 last year. The water price hike went into effect in two phases, with the first phase taking place in July 2017 and the second to be imposed this July. The water price hike is the first water price revision since 2000.

Responding to Ong’s question, which quickly began trending online after it was shared on Facebook – several netizens expressed that the reason why water prices increase here despite the low cost of water from Malaysia is the Government’s perceived “greediness”:

Some others, however, explained that the water price hike probably has more to do with the costs related to purifying the water, desalination and the like. These netizens’ explanations echo the authorities’ own assertion that the price hike will be utilised to maintain Singapore’s water infrastructure and for desalination.

The “costly but necessary” processes such as desalination and the investment into Newater plants contribute to the price hike, Finance Minister Heng indicated.


continue reading here : http://theindependent.sg/locals-ques...-1000-gallons/
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  #1055  
Old 27-06-2018, 08:28 PM
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Re: ‘Leaders must be able to take criticism, acknowledge mistakes’: PM Lee

Exclusive: Price of water sold to Singapore 'ridiculous'; Malaysia to renegotiate deal, says Mahathir



By Sumisha Naidu
@SumishaCNA

25 Jun 2018 12:30PM (Updated: 25 Jun 2018 11:59PM)


PUTRAJAYA: The price of water being sold to Singapore is "ridiculous", and Malaysia will make a presentation to its neighbour on renegotiating the terms of the water supply deal, Prime Minister Mahathir Mohamad said on Monday (Jun 25).

"I think it is manifestly ridiculous that we should sell water at 3 sen per thousand gallons. That was okay way back in the 1990s or 1930s. But now what can you buy with 3 sen? Nothing," the 92-year-old told Channel NewsAsia in an exclusive interview.

Earlier, Bloomberg had reported that Dr Mahathir intended to go back to the drawing board on the water accord, which is set to expire in 2061.

"We are studying the case properly and we’ll make a presentation," he told Channel NewsAsia.

The revival of the water issue comes on the back of Dr Mahathir's decision to scrap the Kuala Lumpur-Singapore high-speed rail project agreed upon by the previous Najib Razak administration.

Dr Mahathir had cited a need to reduce the country's debt and liabilities exceeding RM1 trillion (US$251 billion) as the reason for scrapping the deal. Singapore has, however, stated that it has not been informed of Malaysia's intent.

At the interview, Dr Mahathir was asked about his foreign policy decisions, and he conceded that Malaysia had yet to inform Singapore about its intentions on both issues.

"Sometimes we make public statements without actually finalising the process," he said. "When we want to make a decision we don't wait until we inform Singapore, we just say something. Of course they would want to know, and we will inform them in time."

Asked if there is any timeframe on when he's planning to inform Singapore, he said: "It's not so urgent."

Dr Mahathir repeated this during a press conference on Monday evening, when he was asked again if he would be speaking to Singapore on renegotiating the water deal.

"It's not urgent," he reiterated. "We have many other problems that we have to focus on".

At the same conference, he also confirmed that the water issue had not been discussed in Cabinet before he made his comments, but that he was "pressed to announce" the issue after being "asked by the press".

Earlier, Malaysia's longest-serving prime minister said any bilateral problems that may arise from these choices could be resolved.



continue reading here : https://www.channelnewsasia.com/news...ulous-10466780
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  #1056  
Old 28-06-2018, 10:36 AM
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

It is better to have your own bicycle .
  #1057  
Old 28-06-2018, 11:58 AM
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

Quote:
Originally Posted by JazzMaxim View Post
It is better to have your own bicycle .
Rental is an option too .
  #1058  
Old 28-06-2018, 12:03 PM
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

Quote:
Originally Posted by skyleon View Post
Bicycle-sharing might cost more with new LTA rules kicking in

Cheap things come at a social cost.

By Joshua Lee | June 27, 2018


Price hikes might be on the way for bicycle-sharing users.


Higher costs?

Mobike and ofo recently increased rental prices for using their bicycle-sharing service.

It is their attempt at weaning Singaporeans off the “discounted introductory prices” dangled to attract users initially.

And further hikes can possibly kick in after the July 7 deadline set by the Land Transport Authority (LTA) for bike-sharing firms to submit applications for a licence to operate in public places or cease operations.

Those who submit them will have their applications evaluated and licence awarded by September.

Operating according to the bike-sharing operations licensing framework will then be a costlier affair and these costs might be passed on to riders.


What is this licensing framework?

The new licence, which is part of the Parking Spaces (Amendment) bill, sets out a bunch of conditions that bike-sharing companies have to follow if they want to operate in Singapore.

Licensing conditions include making sure bicycles are in working condition, parked properly, and enforcing a blanket ban on recalcitrant users.

Current bike sharing companies will also have to downsize their fleet. With 100,000 dockless bicycles in Singapore, only half of them are in use at any one time.

Bike-sharing firms will also have to share data about users with one another.

Recalcitrant users who don’t park properly can be banned for up to a year and can be charged for as long as the bicycle they used is not parked properly at the designated area.

Syncing the various platforms and abiding by new rules, such as the scanning of QR codes to proof a bicycle has been parked properly, will require resources.


continue reading here : https://mothership.sg/2018/06/bike-s...ase-singapore/


Another failed PAP policy to encourage people to go car-lite .
1 of the many failed PAP policies
  #1059  
Old 28-06-2018, 08:56 PM
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Re: ‘Leaders must be able to take criticism, acknowledge mistakes’: PM Lee

Proposed changes to GST Act: Finance ministry invites public to give feedback


28 Jun 2018 12:36PM (Updated: 28 Jun 2018 12:50PM)


SINGAPORE: The Ministry of Finance (MOF) is seeking feedback from the public on proposed changes to the Goods and Services Tax (GST) Act, including the introduction of a levy on imported services and enhanced powers for officers investigating serious tax crimes.

During his Budget 2018 speech, Finance Minister Heng Swee Keat announced plans to impose GST on imported digital services such as movie and music streaming services and mobile apps from 2020.

GST on the imported services will take effect through two ways.

The first is a reverse charge mechanism for business-to-business imported services, where the local GST-registered business customer is required to account and pay GST to the Inland Revenue Authority of Singapore (IRAS) directly on the services it imports.

Most GST-registered business will not be affected, however, as they can claim full refund of the GST they incur on their purchases including imported services, MOF said in a news release on Thursday (Jun 28).

The businesses that will be affected are primarily financial institutions and residential property developers, which do not get such full refunds, MOF added.

The second way the GST on imported services will be effected is through an overseas vendor registration (OVR) mode for business-to-consumer (B2C) transactions.

Under the OVR, overseas suppliers and electronic marketplace operators which make significant supplies of digital services to local consumers are required to register with IRAS. Once GST-registered, they will collect GST on their B2C supplies of digital services and pay it to IRAS.

ENHANCED POWERS FOR IRAS

The proposed changes to the GST Act also includes giving IRAS officers enhanced powers to investigate tax crimes.

If accepted, IRAS investigation officers will be able to perform forced entries, arrests without warrants, and body searches for certain serious tax crimes.

"Syndicates and recalcitrant taxpayers are becoming more active and are employing more sophisticated strategies for tax fraud," MOF said, adding that suspects have in the past refused to cooperate with IRAS' investigations, hand over potential evidence, and also destroyed evidence.

"Such acts of non-cooperation affect IRAS’ effectiveness in bringing the perpetrators to justice," MOF said.

IRAS' powers will also be expanded to allow it to gather all information relevant to its investigations from any individual. It will also be allowed to share information with other law enforcement agencies to combat serious crimes that it assesses as critical for investigation or prosecution of serious crimes.

Custodial sentence will also be introduced for unauthorised collection of GST under the proposed changes, and alternative evidence besides invoices or receipts will be permitted to prove the crime.

Read more at https://www.channelnewsasia.com/news...rrest-10478526



Really seeking feedback ??? People already say no to 2% GST increase . Just look at Malaysia .
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  #1060  
Old 28-06-2018, 09:00 PM
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

LTA instructs oBike to remove bicycles by next Wednesday

By Amir Yusof @AmirYusofCNA

28 Jun 2018 06:20PM (Updated: 28 Jun 2018 07:16PM)


SINGAPORE: The Land Transport Authority (LTA) has instructed bike-sharing firm oBike to work with its liquidator to remove its bicycles from public spaces by Jul 4, the authority announced on Thursday (Jun 28). LTA said the instruction was made so that public streets would not be cluttered with bicycles that cannot be hired.

"Should there be unremoved oBike bicycles after this date, LTA will progressively remove these bicycles from public spaces," it said.

"oBike or its liquidator will have to pay the relevant towing and storage fees in order to claim impounded bicycles from LTA. In addition, LTA and CASE have emphasised to oBike the importance of refunding users their deposits which were placed earlier with the company," it added.

The Land Transport Authority (LTA) released the statement after it engaged oBike on its exit plans, amid concerns that its fleet of about 14,000 bicycles is currently left abandoned on streets, pavements and parks all over the country.

In a shock move, the bike-sharing operator announced on Monday that it had stopped operations in Singapore, citing difficulties in meeting the new requirements put in place by LTA to tackle indiscriminate parking.

CONSUMERS WILL BE UNABLE TO PURSUE LEGAL CLAIM AGAINST OBIKE: CASE

In a separate statement on Thursday, the Consumers Association of Singapore (CASE) announced that as of 5pm, it had received 772 complaints from oBike customers asking for deposit refunds. The majority of the complaints were lodged over the last four days< CASE added.

CASE also said that as soon as oBike's liquidation commences, there will be a stay of proceedings on litigation action and customers will not be able to proceed with any claims against the company.

"Once the company is in liquidation, affected consumers should file their Proofs of Debt against oBike with the appointed liquidator. Consumers should also attach copies of any relevant receipts or other supporting documents to the Proof of Debt form," it added.

The watchdog added that, as a general principal, it encourages consumers to minimise their prepayments or deposits where possible, as their advance payment may be lost in the event of an abrupt business closure.

Read more at https://www.channelnewsasia.com/news...esday-10479682
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  #1061  
Old 29-06-2018, 04:24 PM
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Re: ‘Leaders must be able to take criticism, acknowledge mistakes’: PM Lee

Electricity tariffs to rise by 6.9% for July-September period


29 Jun 2018 10:12AM (Updated: 29 Jun 2018 10:20AM)



SINGAPORE: Electricity tariffs will increase by an average of 6.9 per cent or 1.50 cents per kWh from Jul 1 to Sep 30 this year, compared to the previous quarter, SP Group announced on Friday (Jun 29).

This is mainly due to the higher cost of natural gas for generating electricity.

For households, the electricity tariff will increase from 22.15 to 23.65 cents per kWh. The average monthly electricity bill for families living in four-room HDB flats will increase by S$5.61.

SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.

Read more at https://www.channelnewsasia.com/news...eriod-10482456
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  #1062  
Old 29-06-2018, 04:29 PM
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Re: ‘Leaders must be able to take criticism, acknowledge mistakes’: PM Lee

Ho Ching supports call for Singaporeans to back GST hike so that the elderly can be taken care of


By Jewel Stolarchuk -

June 29, 2018


Singapore Prime Minister Lee Hsien Loong’s wife, Ho Ching, recently supported a suggestion that Singaporeans should support the impending 2 per cent Goods and Services Tax (GST) hike so that the elderly can be well taken care of.

Ho Ching, who also serves as chief executive of Singapore’s sovereign wealth fund Temasek, shared a post that made the suggestion on her Facebook page last week. The post, by pro-ruling party Facebook page Singapore Matters, took issue with an opposition party member’s post about how a visually handicapped elderly Singaporean was denied long-term social assistance despite being medically unfit for work.

Attempting to debunk the opposition member’s post, Singapore Matters asserted that the resident concerned already receives help from the establishment.

The group claimed that the 59-year-old resident’s rent is paid for by a Buddhist temple while the National Kidney Foundation sponsors his dialysis as well as taxi transport for dialysis sessions. The page further added that the resident’s medical treatment is fully subsidised and that he also receives sponsored daily meals and monthly food rations.

Defending that the resident does not really need monthly payouts from his Central Provident Fund (CPF) account since it would only go to “miscellaneous expenditure,” the group asked, “How much financial assistance should a person get? It also depends on the generosity of taxpayers.”



continue reading here : http://theindependent.sg/ho-ching-su...taken-care-of/
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  #1063  
Old 29-06-2018, 06:38 PM
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Re: ‘Leaders must be able to take criticism, acknowledge mistakes’: PM Lee

No worry. Majority sillyporeans will not behave like our msian bros who voted against their 6% gst. On the contrary 70% sillyporeans would be jumping for joy with an additional increase of 2% gst. PAP...Huat Aaaaaah
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  #1064  
Old 29-06-2018, 09:53 PM
sionglim sionglim is offline
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

maybe auction off.
Can the lock be remove and convert to normal bike,, easy to convert?
  #1065  
Old 30-06-2018, 11:57 AM
Master Tower Master Tower is offline
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Re: 13-year-old arrested for allegedly throwing ofo bicycle from HDB block

Can still see many anyhow park their bicycles .
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