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MP Ong Teng Koon suggests "ABCD": Additional Buyer’s Car Duty By Linette Lim POSTED: 28 January 2016 at 9:00 PM UPDATED: 28 January 2016 at 9:59 PM SINGAPORE: A tax on a second, and subsequent passenger cars – similar to the Additional Buyer’s Stamp Duty in the residential property market – can help improve the spread of car ownership in Singapore, said MP Ong Teng Koon in Parliament on Thursday (Jan 28). “Could we not consider here, an Additional Buyers’ Car Duty – ABCD – which could be set as a percentage of the prevailing COE price, for those who wish to buy a second, a third, or fourth car?” he asked. He added: “Perhaps a simple mechanism would be to step up the price of each COE. Property investors also face tighter restrictions on mortgages, so similar might be applied in the car loans market.” The MP for Marsiling-Yew Tee GRC said the idea is to use the proposed mechanisms to “price some second car buyers out of the COE market, thereby lowering the price and improving affordability for first-car households”. As of 2014, there are 536,000 passenger cars registered in Singapore, figures from the Land Transport Authority show. Of this, approximately 45 per cent of households own at least one car, while 8 per cent of households own more than one, said Mr Ong. He also proposed mandating that car dealers explicitly show a breakdown of the cost of the car, and how much gross profit they are making. And he suggested the Government take the lead in helping Singaporeans adopt electric vehicles (EVs), by facilitating the installation of vehicle charge points and earmarking parking lots for EVs. “The infrastructure required for Singaporeans to truly live in a car-lite way – such as a much denser network of MRT stations, or even the advent of autonomous car-sharing schemes – is still years away (from realisation)”, said Mr Ong. He said in the meantime, solutions are needed for problems surrounding cars and car ownership. - CNA/ll AA MediaCorp News Group ©2015 MediaCorp Pte Ltd

Why our late President was shut out but a state funeral given to Goh Keng Swee? I have the upmost respect for the late Goh Keng Swee but who decides our late president is underserving of this honour? Sometimes I really feel very very sad ..........

""Some people still ask whether my long previous association with the PAP will stop me from acting independently. The answer is no. My loyalty is first and foremost, to the people of Singapore. It has always been so, and will always remain so" Ong Teng Cheong - August 1993, in his final election broadcast speech http://www.ongtengcheong.com/quotes.htm TJS' cynicism of former PAP members is valid, but not all former PAP members running for president is like TT. Ong Teng Cheong demonstrated that he could really be independent and a good president. History and the court of public opinion has decreed so.

Singapore's richest man Ng Teng Fong dies at 82 SINGAPORE, Feb 2 (Reuters) - Singapore's richest man and property tycoon Ng Teng Fong died early on Tuesday after suffering a cerebral haemorrhage on Jan. 23, a spokeswoman for his family business said. He was 82. Related story:

Goodbye, my love - her 13 years anniversary on 8th May. n May 8th 1995, 43-year-old Teresa Teng died from a severe asthma attack while on a trip to Thailand. It was not only ordinary Chinese in Taiwan, Hong Kong, mainland China, and Southeast Asia who were saddened by the incident and thought fondly of their many memories. Teresa's death was reported in the New York Times and Time magazine, and these journals described her enormous impact on fans of Chinese music. Teresa Teng was popular in Chinese societies worldwide for three decades. Even though she has left us, for countless fans she will always be their "eternal sweetheart."

Class 95 listeners .. you guys noticed this irritating and nauseating Mdm-Teng ad?