Sign up | Log in



Home  >>   Daily News  >>Singapore>>Economy>>Singapore consumer watchdog to monitor water price profiteering
NEWS UPDATES Asean Affairs     April 5, 2017  

Singapore consumer watchdog to monitor water price profiteering

SINGAPORE: The Consumers Association of Singapore (CASE) will monitor price increases and watch out for feedback on possible profiteering activities in the wake of water, diesel and carbon price measures announced during Budget 2017, said Minister of State for Trade and Industry Koh Poh Koon in Parliament on Monday (Apr 3).

Water prices will increase by 30 per cent over the next two years, and the Government will introduce a volume-based duty of S$0.10 per litre of diesel along with a carbon tax rate of up to S$20 per tonne of greenhouse gas emissions on large direct emitters such as power stations from 2019.

“CASE will step up its education efforts to encourage consumers to exercise their choice and make informed purchasing decisions,” said Dr Koh, adding that consumers can give their feedback directly to CASE or through Government feedback channels such as REACH.

The Ministry of Trade and Industry does not see the need to set up a committee to look into profiteering at this point, he said, in response to a question by Member of Parliament Lee Bee Wah.

Said Dr Koh: “The measures on water tariffs, diesel and carbon tax announced at Budget 2017 are targeted and are expected to have a moderate impact on overall business costs, with the impact differentiated across industries.

“Utilities cost, which includes water and electricity costs, accounts for a relatively small share of business costs of firms in the services sector, at less than 1 per cent on average for most services industries," he said.

Electricity prices are revised every quarter according to prevailing gas prices, which are indexed to global oil prices.

"There has been a general decline in our electricity tariffs over the past three years due to low global oil prices. The current electricity tariff is around 16.9 per cent lower than that in the second quarter of 2014," he said.

The Government will continue to monitor the impact of Budget 2017 measures on industries and adjust its support policies if needed, Dr Koh said.

“The most sustainable strategy for businesses to manage cost increases and stay competitive is to transform by upgrading capabilities for higher levels of productivity and innovation."

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          April 5, 2017 Subsribe Now !
• Creditors adjust growth forecasts Subcribe: Asean Affairs Global Magazine
• Singapore consumer watchdog to monitor water price profiteering
• FCDU loans up slightly in Q4 2016 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Indonesia experiences 0.02 percent deflation in March
• Tourism as usual at Angkor Wat despite steeper fees
Asean Analysis                  March 25, 2017
• Asean Analysis  March 25, 2017
U.S.-ASEAN Relations: Charting the Next 40 Years
Advertise Your Brand

Asean Stock Watch   April 3, 2017

• Asean Stock Watch-April 3, 2017
The Biweekly Update
• The Biweekly Update  March 25, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand