PAP signal to you GE is near : COE premiums close mostly lower, with Category A prices dipping to S$85,000

[riceberry]

COE premiums close mostly lower, with Category A prices dipping to S$85,000​

Premiums for small cars in Category A fell to the lowest since March 2024.

Vehicles on Singapore's roads. (File Photo: TODAY/Nuria Ling)

05 Feb 2025 04:18PM (Updated: 05 Feb 2025 04:48PM)

SINGAPORE: Certificate of Entitlement (COE) premiums fell in the latest bidding exercise on Wednesday (Feb 5), except for prices in the motorcycle category.

The tender that closed on Wednesday is the first under an expanded quota for the February to April quarter.

For small cars in Category A, premiums closed at S$85,000 (US$62,975), the lowest since March 2024. It fell by about S$8,600 from S$93,601 in the last exercise.

Premiums for larger and more powerful cars in Category B fell from S$116,625 to S$111,104.

COEs for commercial vehicles, which include goods vehicles and buses, fell from S$65,476 to S$62,506.

Open category COEs, which are mainly used for large cars although they can be used for any vehicle type, fell from S$115,112 to S$110,000.

Motorcycle premiums closed at S$8,289, up from S$7,709 in the last exercise.

A total of 3,934 bids were received, with a quota of 2,869 COEs available.

Under the February to April quota, there are 8 per cent more COEs compared with the previous quarter.

The number of COEs increased to 17,133, up from 15,834 in the last quarter when the quota was also raised.

The overall increase in supply is in line with the government's plan to gradually introduce up to 20,000 additional COEs across all vehicle categories in February and over the coming years.

The decision takes into account the upcoming implementation of the ERP 2.0 system for managing traffic congestion.
Source: CNA/lh/fh(gs)

 

[True Believer]

Everyone knows who is controlling the COE prices

 

[k1976]

BBC tells some staff in Singapore bureau to reapply for jobs amid restructuring exercise​

A spokesperson for the BBC said the move is part of plans to revamp its service across the world.PHOTO: REUTERS

Ang Qing
UPDATED FEB 05, 2025, 06:48 PM


SINGAPORE – British broadcaster BBC has told 12 staff in its Singapore bureau to reapply for new roles after closing their positions.

Responding to queries from The Straits Times, a spokesperson for the BBC said the move is part of plans to revamp its service across the world.

The spokesperson said: “Last year, BBC News announced changes to the news channel to deliver a better round-the-clock service for audiences live from London, Washington DC, Sydney and Singapore.

 

[k1976]

Singapore-headquartered firms can use Johor-Singapore SEZ as manufacturing base: Alvin Tan​

The Johor-Singapore Special Economic Zone will support the expansion of 50 projects in the first five years and a cumulative 100 projects in its first decade.PHOTO: ST FILE

Ovais Subhani
UPDATED FEB 05, 2025, 06:10 PM


SINGAPORE - Companies can use the Johor-Singapore Special Economic Zone (JS-SEZ) as a manufacturing and processing base while keeping their headquarters and research operations here, said Minister of State for Trade and Industry Alvin Tan.

He was replying to Mr Saktiandi Supaat (Bishan-Toa Payoh GRC) in Parliament on the economic and employment benefits of the JS-SEZ. Mr Saktiandi had also asked which sectors will gain and whether the Government is concerned that some sectors will be adversely affected.

At the signing of the JS-SEZ agreement in January, Prime Minister Lawrence Wong had expressed hope that the new zone will create 20,000 skilled jobs for people on both sides of the Causeway.

 

[k1976]

AI chatbot in Singapore could replace buyer agents in property deals​

Mogul.sg founder Gerald Sim said the app was built with the buyer in mind to help them save time and cost.ST PHOTO: KUA CHEE SIONG

Osmond Chia
UPDATED FEB 05, 2025, 06:49 PM


SINGAPORE – Your next property agent might not be human.

On Feb 5, local property portal Mogul.sg rolled out an artificial intelligence (AI) agent that trawls more than 100,000 home listings on major housing sites like 99.co and PropertyGuruso it can make a recommendation to those looking for their ideal home.

Maia (Mogul’s Artificial Intelligence Agent), as the AI bot is called, is the first of its kind in Singapore.

 

[k1976]

3​

3 ways Singapore can meet higher costs without taxing citizens more​

Options to consider: relax the balanced budget rule, impose higher property taxes on foreign buyers and lower the GST threshold ​

Vikram Khanna

By 2030, total spending will be around 20 per cent of gross domestic product, compared with 15 per cent in 2010, which is a quite a jump.ST PHOTO: CHONG JUN LIANG
UPDATED FEB 05, 2025, 09:38 AM
Come Budget time, everybody seems to want more of everything.
Besides government pledges, if you comb through the wish lists put out by economists, consulting firms and the public, you will find a laundry list of items and schemes that need more funding: For the population, there are demands for higher spending on healthcare and eldercare, education, community facilities, cost-of-living payouts including more CDC vouchers, wider social safety nets, baby bonuses and paid parental leave, to cite just a few.

 

[True Believer]

I refuse to give up my car as I don't want to see such commuters on the MRT

 

[k1976]

I refuse to give up my car as I don't want to see such commuters on the MRT

View attachment 214088

Another piece of crap….need to send to king Trump for proper tuning

 

[k1976]

Prospects for poly grads likely affected by drop in hiring demand and job vacancies in 2024​

Results of a survey conducted by Singapore's five polytechnics show that 54.6 per cent of their fresh graduates were in full-time permanent jobs in 2024.ST PHOTO: KUA CHEE SIONG

Elisha Tushara
UPDATED FEB 05, 2025, 03:46 PM


SINGAPORE – Lower hiring demand and fewer job vacancies might have contributed to the drop in the employment figures for polytechnic graduates in 2024 compared with the year before, Education Minister Chan Chun Sing said.

He added that this impact was uneven across polytechnic course clusters.

For example, graduates from course clusters such as health sciences and humanities and social sciences continued to see strong employment outcomes, while those from engineering and information and digital technologies had higher unemployment rates.

 

[True Believer]

Another piece of crap….need to send to king Trump for proper tuning

He seems like a faggot and exhibitionist.

 

[k1976]

MOM data: Education pays in Singapore as median salary for degree holders hits S$8,650​

Michael Petraeus
1 day ago

Disclaimer: Unless otherwise stated, opinions expressed below belong solely to the author. Data sourced from the Ministry of Manpower.

The Ministry of Manpower (MOM) released the Labour Force in Singapore 2024 report a few days ago, providing a summary of the labour market trends over the past year.

Among many findings, it contains interesting data on the incomes of the most educated Singaporeans, which shows that pursuing a university degree is still a worthwhile investment.

S$3,000+ above the rest​

The figure that is typically reported is the national median, which in 2024 was S$5,500. It is, however, the least relatable and informative since it pools all Singapore residents together—from the elderly standing in for family members at a hawker stall to multimillionaires.

Meanwhile, educational background provides a better context because it allows you to see yourself among people who pursued a similar path.

Last year, degree holders maintained their leadership over the rest (or, rather, the broad median for the entire society they too are a part of) at over S$3,100, with the median employment income reportedly hitting S$8,656 (gross, including employer’s CPF).

 

[k1976]

Trump's tariffs and their ripple effect on Singapore's economy​

Analysts say the impact would be cushioned by other factors, but could worsen if more countries are targeted by US tariffs.

A general view of the Pulau Brani port terminal in Singapore on Jul 3, 2024. (File photo: AFP/Roslan Rahman)



Listen
4 min


Abigail Ng
04 Feb 2025 06:00AM (Updated: 05 Feb 2025 05:31PM)
BookmarkShare

Read a summary of this article on FAST.


FAST
SINGAPORE: Singapore’s open, trade-dependent economy could face slower growth and weaker business sentiment, even though it is not directly targeted by the latest US tariffs announced over the weekend.

Analysts said on Monday (Feb 3) that the 10 per cent tariffs on Chinese goods will have a greater impact on Singapore than the 25 per cent tariffs on Canadian and Mexican imports.

 

[k1976]

Over 100 Singaporeans marked for deportation from US​

More than 1.4 million foreign nationals were issued deportation orders and are on the US Immigration and Customs Enforcement non-detained docket.
PHOTO: Reuters
PUBLISHED ONFEBRUARY 05, 2025 8:37 AMByAQIL HAMZAH






SINGAPORE - More than 100 Singaporeans have been marked for deportation by the United States authorities since November 2024.

The 111 Singaporeans are among more than 1.4 million foreign nationals who were issued deportation orders and are on the US Immigration and Customs Enforcement (ICE) non-detained docket.

That means they are not being held by ICE but may be detained by other agencies for running afoul of the law.


The ICE list, with about seven million individuals, includes foreign nationals who came to the US seeking asylum and are waiting for immigration proceedings.

They could also be US permanent residents who have been convicted of a crime or are under a programme called Alternatives to Detention, which means they may be free to move around but are required to report regularly to the authorities or wear an ankle monitor, among other things.

 

[millim6868]

After elections, still them ,then all will rise, cos 70% likes to be screwed,lol

 

[k1976]

After elections, still them ,then all will rise, cos 70% likes to be screwed,lol

They love it hard and rough