atans1

Who else is the PAP govt screwing?

In Economy, Media on 05/07/2018 at 9:19 am

The recent water and electricity hikes don’t juz hurt the “little” people as alt media is shouting and the MSM is whispering, they also hurt the businesses that employ the “little” people. This means smaller or no pay rises, and even retrenchments in spite of a growing economy.

I’m exaggerating? Juz read the constructive, nation-building media

Businesses here are also feeling the pinch from price hikes.

Mr Lee Soon Kiat, executive committee member of the Singapore Semiconductor Industry Association, noted that operating costs for electronics manufacturing firms, including semiconductor companies, have been increasing steadily.

Depending on the size of the firms, costs could rise further to up to S$10 million, as they use a lot of water for their processes.

While companies are already using energy efficient equipment, and clamping down on water usage, the increase in water hikes may be “enough to wipe out all our efforts from the previous years”, said Mr Lee.

He warned that the electricity and water tariffs, as well as carbon tax levied next year, would add to firms’ financial costs and affect profit margins. As a result, Singapore could risk a mass exodus of companies to more competitive business markets in China and South-east Asia.

While Mr Lee said most companies have accepted the price hikes, he added that “the Government has to adopt a consultative approach (going forward), and to avoid any unnecessary hikes” that could affect its competitiveness in the manufacturing sector.

https://www.todayonline.com/singapore/hit-rising-water-and-electricity-bills-singaporeans-and-businesses-tighten-belts

Looks like the PAP is not only out to screw the voters, but businesses too

The anti-PAP alt media is quick to manufacture and spread fake news about the PAP govt (Example: Achtung cybernuts: Facts about global LNG prices & our gas supplies) but when the PAP govt really cocks up, where are they? Makes one wonder whether the PAP discredits its opponents via black ops and whether people like Phillip Ang and Goh Meng Seng are useful idiots or worse.

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