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Record COE motorcycle premiums

Don’t you think that we are living under a government that does not even care about the welfare of people?

Although we are moving towards a car lite society, motorcycles do not cost much congestion or pollution.

Why are we restricting them so much when they are necessity for so many people?

Many people whom I know who ride motorcycles do so because they need to make a living, such as courrier services, Grab, Deliveroo or Foodpanda food delivery riders.

They do not make much to begin with, and yet they have to grapple with sky high COE prices!

For a minister who makes millions, $10,000 may be a drop in the ocean for them, but to a food delivery rider struggling to pay bills, this is an amount that could break them!

What are these people going to do with their livelihoods, when COE hits ridiculous prices and when their current COE runs out?

Where is our Swiss standard of living as promised? Are we not declining and becoming worse off under the PAP?

 

Prabu Ramachandran

 

 

yyy
READER COMMENTS BELOW

10 Responses to “Record COE motorcycle premiums”

  • knn:

    Singapore where got poor people? Almost everyone is a millionaire.
    Life is so good. It is so easy to earn a million dollar.

    Losing $275m is small change. knn.

    All HDB owners waiting for their HDB flats to reach $2m.

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  • xoxo:

    Umm,we told you WE WILL PROTECT YOUR FOOD PANDA JOB.
    We told you to *GO CHASE THAT RAINBOW…*,right?
    How can WE do you proud IF YOUR MOTOR-BIKE you RIDE TO CHASE THE RAINBOW has only $1 COE???
    $10K is still not IMPRE$$IVE.
    WE WILL HELP YOU TO BE PROUDER RIDING ON A BIKE THAT HAS $20K COE!
    In fact,for those riding on bicycles,WE ARE REVIEWING TO SEE IF WE SHUD HELP YOU INCREASE YOUR JOB’S image by including a COE as well.

    But,WE just wondering if WE shud get *YOUR FEEDBACK*???

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  • 2Daft2Live:

    https://www.pionline.com/cryptocurrency/temasek-writes-down-275-million-investment-bankrupt-ftx

    I once knew a family, many decades ago, where the husband was an incorrigible gambler. Each time he loses money gambling, he will go back home and raid the family’s piggy bank. Money that the wife squirreled away to pay for the children’s school fees, utility bills and other expenses will be taken away while the wife cried and the children cower in fear as both adults quarreled violently. Many a times, family heirlooms will be discovered from their hiding place and pawned away.

    When incorrigible gamblers know there’s a source of ready money to feed their habits, they will never stop gambling. Each time they lose, the rest of the family will bear their wrath and accursed habit.

    Now you know why there’s sky-high COE prices, increased utility rate and GST as well as taxes on online purchases shipped via air from 1 Jan 2023 onward. Whether Temasek or GIC make or lose money doesn’t matter because the ordinary people always lose.

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  • knn:

    knn, sori it is US$275 million hor.

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  • @knn

    I read on some MSM that it about $400m lor, why huh? Do they use different currencies for reporting? Maybe $275 is in USD lor.

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  • knn:

    Yep, U$275m or about S$380m.

    A lot of money to lose.

    Tech: Some idiotic MPs would say it is not your money, you cry father cry mother for wat? lol

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  • Egg head:

    Nothing got meaning party.

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  • Dr. Chan:

    FTX is a Ponzi.
    PAP is a Ponzi – HDB is a Ponzi. CPF is a Ponzi. Population Whitepaper is a Ponzi. COE is a Ponzi etc.

    We know what happened to all Ponzi schemes. They all collapsed – sooner or later.

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  • Dictatorial Ponzi:

    Can you imagine a dream ponzi like this?
    - enforced regular contributions
    - ability to increase membership size, ever increasing
    - ability to fix returns, even low returns
    - ability to decide when and how withdrawals can be made
    - ability to deduct funds for various member protection schemes
    - ability to pay directors millions
    - outside the jurisdiction of all countries

    This dream ponzi can last forever.

    Dr. Chan:
    FTX is a Ponzi.
    PAP is a Ponzi – HDB is a Ponzi. CPF is a Ponzi. Population Whitepaper is a Ponzi. COE is a Ponzi etc.

    We know what happened to all Ponzi schemes. They all collapsed – sooner or later.

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  • be kind:

    Be kind to those who need the bike for a living…
    Does not make sense to pay so high COE for them…

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