http://www.channelnewsasia.com/stories/afp_world_business/view/1101807/1/.html
Oil prices fall, cold weather limits losses
Posted: 30 December 2010 0445 hrs
The oil prices are increasing when the extreme cold in the northern hemisphere persists. On wednesday, the US northeast region dug out ''Snowpocalypse'', causing chaos as hundreds of flights were canceled. Due to the face of brisk demand and end-of-year inventory adjustments by refiners, US reserves dropped by 15 million barrels in the first half of December.
I feel that they shouldnt keep increasing the oil prices, causing to own a car even more expensive as the petrol prices is increasing too. It makes the citizen to have a higher expenses which many people are unable to afford a car. I know that this is due to the cold weather that increases the oil of petrols. So i can only wish that the cold weather will not persist and less oils will be needed hence will decrease the price of oil. This will allows the citizens to have more spending power and boost the country's economy.
Thursday, December 30, 2010
Wednesday, December 8, 2010
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1097983/1/.html COE prices for car at highest level since 2000
By Hetty Musfirah Abdul Khamid Posted: 08 December 2010 1618 hrs
The COE price has been increasing rapidly since 2000. For the Open Category, the certificates are usually used to buy cars was up S$15,010 to $54,900. COE premiums for big cars of more than 16,00 cc rose from S$14,612 to S$62,502. For cars of 1,00cc and below, COE rose S$8,604 to S$47,604. Car dealers expect the COE price to increase around S$3,000 to S$5,000 but didnt expect to rise to S$15,000. Industry players expect the COE price to increase even more next year, hitting S$100,000. Car dealers said that some customers want new cars for the Lunar New Year and therefore the price of COE will keep increasing.
There will be many Singaporeans who are unable to afford to own a car because of the increasing COE price. I don't understand why COE price is increasing so rapidly. Is the government trying to control the amount of people owning a car so that there won't be massive jam in the road ? If this is the reason why, i would support it as during the peak hour, there would be traffic jam causing inconvenient to many people.
Secondly, if there's high COE price means many people cannot afford it which is a good thing too. Youngster who has just gotten their driving license would want to own a car if it is affordable. But now the COE price is too high, hence they cannot afford it. This means that there will be lesser accidents and Singapore will be a safer country!
By Hetty Musfirah Abdul Khamid Posted: 08 December 2010 1618 hrs
The COE price has been increasing rapidly since 2000. For the Open Category, the certificates are usually used to buy cars was up S$15,010 to $54,900. COE premiums for big cars of more than 16,00 cc rose from S$14,612 to S$62,502. For cars of 1,00cc and below, COE rose S$8,604 to S$47,604. Car dealers expect the COE price to increase around S$3,000 to S$5,000 but didnt expect to rise to S$15,000. Industry players expect the COE price to increase even more next year, hitting S$100,000. Car dealers said that some customers want new cars for the Lunar New Year and therefore the price of COE will keep increasing.
There will be many Singaporeans who are unable to afford to own a car because of the increasing COE price. I don't understand why COE price is increasing so rapidly. Is the government trying to control the amount of people owning a car so that there won't be massive jam in the road ? If this is the reason why, i would support it as during the peak hour, there would be traffic jam causing inconvenient to many people.
Secondly, if there's high COE price means many people cannot afford it which is a good thing too. Youngster who has just gotten their driving license would want to own a car if it is affordable. But now the COE price is too high, hence they cannot afford it. This means that there will be lesser accidents and Singapore will be a safer country!
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