diablo_728 said:I find a lot of business are underpaying their workers( not in reference o the above business) If these workers are paid their true value I'm sure some will be in the s pass n entry level ep. The problem is the bosses need to pay low wages bc of high cost of other items such as rentals that are killing the them. The govt needs to tackle this.
im in healthcare, the biggest cost is rental, this leads to higher charges. If the govt is really keen on bringing down cost they could allocate subsidized or free rentals (like RCs) n the clinics in these places have to operate at prices set by MOH. There are lots of "rich" drs in their 50s 60s who I'm sure wouldn't mind working in these places as a form of social service. Sort of a "not for profit" social enterprise. But even our public hospitals are profit driven
Likewise they could do the same for essential services.
but this just based on my limited knowledge.
Physicist;964614 said:Development charge for commercial and industrial developments just got adjusted upwards.
Don't know if they know the land cost is one of the biggest contributor or they just act blur
kenntona;964578 said:Sounds like this MP is sounding out for the people on the street? No wait, this is a big guy with 235 cars !!!
kenntona;964590 said:I think BVO or SWC have more valid reasons to complain about the foreign workers levy. After all, the entire automotive industry requires workers from up north.
DrK said:And I'm not hinting the property markets will be next. I'm SURE it will be the next whipping boy of PAP.
kenntona;964666 said:
naan1974;964679 said:Some dealer just offer me 10 yr loan for brand new car! told me they have their LEGAL means to exploit the loopholes.
Briefly it means they are playing unofficial bank and claim they are not under MAS jurisdiction. Got such thing?
BTW...it's for mercs which i am not interested
C3P0;964271 said:In a move to close loopholes in the new financing restrictions, the Government is set to review the Hire Purchase Act.
In a move to close loopholes in the new financing restrictions announced last week, the Government is looking to review the Hire Purchase Act.
When approached by The Straits Times, the Ministry of Trade and Industry (MTI), which administers the 44-year old Act, confirmed that a review was under way.
Although banks and finance houses are regulated by MAS, some other lenders that include credit companies and financiers, such as BMW Financial Services and Daimler Financial Services, are not. Instead, they are regulated, in part, by the Hire Purchase Act.
Currently, the Act covers car loans of up to $55,000, before Certificate Of Entitlement (COE), so essentially the clause leaves loans which exceed that amount in a twilight zone.
Some observers expect the review to address this aspect of the Act. "They could either remove the quantum or raise it high enough to cover all or most car loans, or they could simply specify that all vehicle loans under the Act should be limited to 50 percent or 60 percent of the purchase price," said a lawyer familiar with the Act.
MTI did not have details of the review, but it is understood that changes will take some time, as setting new laws will most likely be involved.
There were some mixed reactions to the pending review. Non-regulated lenders by the MAS, said MTI should retain its 'light touch' on the Act. Others said that loopholes should be closed to ensure the loan restrictions get the desired results - a cooling of the car market.
Source: Loopholes to close in new financing restrictions
Mockngbrd;964682 said:Screw the middle class!!!
zorro said:I agreed...nothing beats and lower than duck...