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SINGAPORE: As of Monday afternoon, Singapore's Land Transport Authority (LTA) has received some 960 applications to get cash rebates from their Certificates of Entitlement (COE) and the Preferential Additional Registration Fee (PARF). But car dealers have said that they are not expecting a rush of owners to give up their cars for cash. Jackson Lee, managing director of Jia Leong Trading, said: "Some of them might give up because of petrol... inflation... some of them want to be more economical (and) give up the car, but I think (the number is small)." "For the first kind of people, whose vehicle is fully paid (up), this would serve as an advantage to them because they can exchange their PARF paper for full cash with LTA," said Jerry Ong, Manager of Auto Inn. "But for people with outstanding loans, it won't make much of a difference because dealers like us, we've got to come up with the money to fully settle their cars for them." In Singapore, a car's PARF value is the amount credited to motorists who scrap their cars before its 10th year. A COE is the pre-requisite before anyone can buy a car, awarded through a bidding system. As of Monday, car owners have the option to exchange their COE and PARF rebates for cash. The move, announced in March, is aimed at reducing the car population and have Singaporeans turn to public transport. Dealers have said it is still too early to say what car owners will do, as opinions differ among individuals. Phoebe Lim, a car owner, said: "I feel very handicapped without a car, (therefore) whether with or without the rebate, I will still drive. Since I got my licence five years back I've never taken public transport, so no (I wouldn't exchange my car for cash)." "If the public transport is good enough, yes I think I would," said another car owner, Andrew Ong. "I balance the two together, I value the cash rebate, I can have a saving, I can have money in my pocket, so why not?" But whether more people will give up their cars for cash in the days ahead remains to be seen. - CNA/yb

Expecting my 1st kid in Jan 2014. Do i need to purchase anything to prepare for the arrival of the new kid now?

But wtf, monopoly still can suffer loss..LOL Does it affect u? http://sbr.com.sg/transport-logistics/news...loss-in-history 30% dividend cut more than possible. According to Maybank Kim Eng, SMRT has become a "fallen dividend angel" because of this historic earnings tumble, but remarked that it could use this short-term weakness as a bargaining tool to argue for higher fares through the undergoing government review. Here's more from Maybank Kim Eng: Loss guidance follows wage hike

http://www.asiaone.com/Travel/News/Story/A...0621-72074.html lets be fair we seem to be complaining about everything including the government but let examine if we are part of the problem OR we became part of the problem because policies mould us to become the way we are now OR we are too "boh chap" about our social responsibilities that we become totally reliant on the government OR basically it is true , we are just to bloody complacent

Points to bear in mind USA is technically in recession In Davos - CNN poll among industry leaders suggest slow-down In asia we are not sheltered by CHINA and INDIA because much of trade is with USA in fact we are boosting CHINA and INDIA economy from out-sourcing our services GST has increased to 7% more gantries are up inflation has gone up to 4.5 - 5% which means if you keep money in the bank you will be experiencing contraction to your money and I am not sure what else will contract malaysia will go to poll soon in March 2008, therefore may affect short term sentiments many sillyporeans are into equity even in Newpaper about this 26 year old lady putting all her spare cash into equity (shares) etc taking all these and your own take on the financial health of sillypore and the world what is your expert opinion on our economy this year? Your well thought of opinion may affect how we forumers here plan with our money this year thanks have fund