- Joined
- Dec 30, 2010
- Messages
- 12,730
- Points
- 113
Lim Soon Hock
Managing Director
PLAN-B ICAG Pte Ltd
RISING COE prices contribute to inflation, which affects individuals and businesses adversely. More needs to be done, perhaps in a revolutionary way. The problems are unlikely to be solved by tweaking COE and the vehicle-growth policy.
I think our COE system has outlived its usefulness. No one had expected the COE to contribute to inflation at the time it was launched, while incidentally increasing our government's coffers unnecessarily to new highs. It does not make sense for the COE policy to control vehicle growth and its concomitant problems and, at the same time, be contributing to inflation. COE benefits a minority while causing pain for the majority of our population, especially our lower income groups. Solving one problem to create another, therefore, just does not make sense.
Jeffrey Goh
CEO
Nets
IN recent years, our companies have been faced with higher labour and fuel costs and now higher replacement costs due to rising COE prices. These costs will eventually be passed on to end-consumers and will translate into higher inflation.
Anil Kumar Jhunjhnuwala
Managing Director
Sudima International Pte Ltd
I TOTALLY agree that rising COE prices is a concern as it is affecting both individuals and businesses, especially more so as our public transport system is showing cracks due to the population increase. Thus owning a car becomes more imperative. Cars are already out of the reach of many individuals as they are too expensive. More could be done besides tweaking the ways to control vehicle growth.
David Low
CEO
Futuristic Store Fixtures Pte Ltd
HIGHER COE prices naturally add financial stress to any entity looking to own a vehicle, be it an individual or business, especially one whose survival interest is dependent on vehicles. As the economy picks up, there is genuine demand for both commercial and private vehicles to support trade activities such as those in the logistics industries and sales personnel who are constantly on the move. The rising costs in supporting business expansion could stunt economic growth, putting us in a Catch-22 situation.
Annie Yap
Managing Director
AYP Associates Pte Ltd
YES, rising COE prices will definitely increase business costs and individual expenses. It can already be seen in the current situation. More can definitely be done other than just tagging the COE supply to the vehicle-growth policy.
Managing Director
PLAN-B ICAG Pte Ltd
RISING COE prices contribute to inflation, which affects individuals and businesses adversely. More needs to be done, perhaps in a revolutionary way. The problems are unlikely to be solved by tweaking COE and the vehicle-growth policy.
I think our COE system has outlived its usefulness. No one had expected the COE to contribute to inflation at the time it was launched, while incidentally increasing our government's coffers unnecessarily to new highs. It does not make sense for the COE policy to control vehicle growth and its concomitant problems and, at the same time, be contributing to inflation. COE benefits a minority while causing pain for the majority of our population, especially our lower income groups. Solving one problem to create another, therefore, just does not make sense.
Jeffrey Goh
CEO
Nets
IN recent years, our companies have been faced with higher labour and fuel costs and now higher replacement costs due to rising COE prices. These costs will eventually be passed on to end-consumers and will translate into higher inflation.
Anil Kumar Jhunjhnuwala
Managing Director
Sudima International Pte Ltd
I TOTALLY agree that rising COE prices is a concern as it is affecting both individuals and businesses, especially more so as our public transport system is showing cracks due to the population increase. Thus owning a car becomes more imperative. Cars are already out of the reach of many individuals as they are too expensive. More could be done besides tweaking the ways to control vehicle growth.
David Low
CEO
Futuristic Store Fixtures Pte Ltd
HIGHER COE prices naturally add financial stress to any entity looking to own a vehicle, be it an individual or business, especially one whose survival interest is dependent on vehicles. As the economy picks up, there is genuine demand for both commercial and private vehicles to support trade activities such as those in the logistics industries and sales personnel who are constantly on the move. The rising costs in supporting business expansion could stunt economic growth, putting us in a Catch-22 situation.
Annie Yap
Managing Director
AYP Associates Pte Ltd
YES, rising COE prices will definitely increase business costs and individual expenses. It can already be seen in the current situation. More can definitely be done other than just tagging the COE supply to the vehicle-growth policy.
