COE are controlled by two associations which PAP Sim Ann works in

[8::::::D]

I guess we can say COE are more or less controlled by two associations which PAP Sim Ann works in.

Singapore Vehicle Traders Association & Motor Traders Association

Since 100% of COE bidding go through members of Singapore Vehicle Traders Association and Motor Traders Association since their members bid for all COE. It's not difficult for them to call each other to set the highest and lowest bid right.

Motor Traders Association
President
Motor Image Enterprises Pte Ltd

Vice President
Cycle & Carriage Industries Pte Ltd

Hon. Secretary
Trans Eurokars Pte Ltd

Hon. Treasurer
Kah Motor Co Sdn Bhd

Committee Member
Borneo Motors (S) Pte Ltd

Committee Member
EuroSports Auto Pte Ltd

Committee Member
Vantage Automotive Limited

Committee Member
Wearnes Automotive Pte Ltd

Singapore Vehicle Traders Association

Sim Ann
Distinguished Advisor
Singapore Vehicle Traders Association
Senior Minister of State, Ministry of Foreign Affairs & Ministry of National Development, Deputy Government Whip

 

[mahjongking]

use your backside think will also know COE is a controlled scam, if its free market will fluctuate greatly every bidding

 

[bobby]

COE is nothing but a tax...which can be defined as a percentage levy on a value for which no goods or services are offered but just a perception of elite ownership and entitlement.

 

[Loofydralb]

MIGRATE you idiots, before you're fleeced clean by PAP.