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TAKE MY WORD
FOR IT: PM PART 2
I give you my assurance that the government will look after you, especially
According to the nation-builder press, electricity rates are about to go up - by a HUGE 17 per cent - here because of the war in Iraq. The report said: "The new rates are for the April to June quarter. But consumers could face yet another hike as early as May if the Iraq war causes a drastic increase in world oil prices."
The report said the $20 is a one-time discount for 267,105 families living in one- to three-room HDB flats. The report noted that in February 2003,16,000 homes did not pay their utilities bill for the past three months. Power is cut off if a bill is not paid for five months.
Month after month the PAP government pours out new information that prices are rising. At the same time, they are again asking workers to take pay cuts and companies to retrench workers.
The nation-builder press, May 26 2003.
approach to helping lower-income $ingaporeans. Also called "give
and take back".
The nation-builder press reported on May 21, 2003 that "the National Wages Council (NWC) has proposed an immediate wage cut for workers in SARS-affected sectors after announcing that Singapore's unemployment rate is likely to hit 5.5 per cent later this year."
So exactly how many more Singaporeans are out of work this year? This is what the Asian Wall Street Journal reported May 20, 2003. "First quarter unemployment rose to 4.5% from 4.2% as the economy lost 9,400 jobs, more than double the 4,100 jobs lost in the fourth quarter, the ministry said." They join the 100,000 who have already lost their jobs.
Wage cuts. More jobless.
And the cost of living just keeps getting HIGHER.
The PAP government confirmed Feb 7 2003 that the CPF rate cut will stay till 2005 but the May announcement of 10 % pay cut for ministers and top civil servants will start July 2003 and end June 2004. The CPF is workers and employers contributions to a forced savings scheme. Which means the 1999 CPF cuts, which cost Singapore workers $7.5 billion in earnings a year, will remain for six years. Thats a total of $45 billion that workers will have sacrificed so far. Ministers are taking a 10% pay cut for ONLY 12 months.
With GST confirmed to rise to 4 per cent on Jan 1 2003 and 5 per cent on Jan 1 2004, it will mean an additional burden to bear of $1.32 billion a year from 2004 onwards, forever.
Workers wages will either be frozen or cut further by order of the National Wages Council. Living in $ingapore is a high cost affair. And WORKERS ARE THE ONES ASKED TIME AND TIME AGAIN TO BEAR THE BURDEN AND MAKE THE SACRIFICE.
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POWER TO THE PEOPLE?
themselves for MORE sacrifices when it was
announced on March 27, 2003 that electricity rates were going up by a
HUGE 17 per cent - because of the war in
Iraq. According to the nation-builder press: "The new rates are for the
April to June quarter. But consumers could face yet another hike as early
as May if the Iraq war causes a drastic increase in world oil prices."
On Sept 30, 2003, it was reported that $ingapore Power posted a profit of $749 million for last year, more than double the $332 million it made the previous year. Who will benefit from this windfall?
For the record, $ingPower's
directors are Ng Kee Choe (Senior Advisor to Chief Executive Officer of
DBS Group), Quek Poh Huat (President of Temasek Holdings), RADM (Ret)
Kwek Siew Jin (President and Director of $ingapore Power Limited), Timothy
Chia Chee Ming (President of PAMA Group), Tan Guong Ching (Permanent Secretary
for the Ministry of Home Affairs), George Allister Lefroy (former Executive
Vice President of Shell Chemicals), Eric Gwee Teck Hai (Chairman for the
Public Transport Council), Alan Chan Heng Loon (Chief Executive Officer
of $ingapore Press Holdings), Engelin Teh Guek Ngor (Senior Counsel and
Managing Director of Engline Teh Practice), Keith Tay Ah Kee (Chairman
and Managing Partner of KPMG Peat Marwick $ingapore from 1984 to 1993)
and Ho Tian Yee (Executive Director of Pacific Asset Management).
Buried at the bottom
of the page on Oct 2, 2003, it was reported that $ingPower would cut electricity
rates by an average of 4.6 per cent "because of the drop in oil prices."
Why not a 17 per cent cut?
to make sacrifice after sacrifice for their million-dollar earning "servants."