HDB owners to get household rebates
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_650937.html
HOUSING Board (HDB) households can look forward to smaller bills next month when the Government gives out rebates for utility as well as service and conservancy charges.
The Ministry of Finance said in a statement on Tuesday that about 800,000 Singaporean HDB households will benefit from the payout - the first under the Grow And Share package announced at this year's Budget in February.
They will get $163 million and $31 million worth of Utilities-Save (U-Save) and service and conservancy charge (S&CC) rebates respectively.
A four-room flat, for example, will get $220 worth of U-Save rebates and a one-month waiver of the S&CC which varies with the HDB estate but is usually below $100 per month.
Unused U-Save rebates each month will be rolled over to the following months.
Other payouts will be made in July for U-Save, and in June, September and December for S&CC.
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Singapore electricity rates to rise by 6.5% from April 1
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_650932.html
SINGAPORE - ELECTRICITY tariffs in Singapore will increase by an average of 6.5 per cent starting April 1 to reflect the higher cost of fuel, the city-state's main electricity retailer said on Tuesday, adding to inflationary pressures in the city-state.
SP Services, a unit of Singapore Power, said the higher price of electricity follows a 14 per cent rise in fuel oil prices to $113.37 per barrel over the last three months that was partially offset by a 3 per cent drop in network charges.
Singapore's consumer price index rose by 5 per cent in February from a year ago, below January's 5.5 per cent increase, but economists warn inflationary pressures remain strong in the city-state due to strong domestic demand as well as higher commodity prices.
The government has taken steps to keep inflation in check by persuading hawkers to refrain from increasing prices and deferring an annual review of train and bus fares till the fourth quarter of this year. -- REUTERS
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_650937.html
HOUSING Board (HDB) households can look forward to smaller bills next month when the Government gives out rebates for utility as well as service and conservancy charges.
The Ministry of Finance said in a statement on Tuesday that about 800,000 Singaporean HDB households will benefit from the payout - the first under the Grow And Share package announced at this year's Budget in February.
They will get $163 million and $31 million worth of Utilities-Save (U-Save) and service and conservancy charge (S&CC) rebates respectively.
A four-room flat, for example, will get $220 worth of U-Save rebates and a one-month waiver of the S&CC which varies with the HDB estate but is usually below $100 per month.
Unused U-Save rebates each month will be rolled over to the following months.
Other payouts will be made in July for U-Save, and in June, September and December for S&CC.
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Singapore electricity rates to rise by 6.5% from April 1
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_650932.html
SINGAPORE - ELECTRICITY tariffs in Singapore will increase by an average of 6.5 per cent starting April 1 to reflect the higher cost of fuel, the city-state's main electricity retailer said on Tuesday, adding to inflationary pressures in the city-state.
SP Services, a unit of Singapore Power, said the higher price of electricity follows a 14 per cent rise in fuel oil prices to $113.37 per barrel over the last three months that was partially offset by a 3 per cent drop in network charges.
Singapore's consumer price index rose by 5 per cent in February from a year ago, below January's 5.5 per cent increase, but economists warn inflationary pressures remain strong in the city-state due to strong domestic demand as well as higher commodity prices.
The government has taken steps to keep inflation in check by persuading hawkers to refrain from increasing prices and deferring an annual review of train and bus fares till the fourth quarter of this year. -- REUTERS
