Diesel prices below $2 per litre - are they going to overturn the 30 cents surcharge?

Singapore July 21st, 2008

About 2 weeks ago, taxi companies came together to lobby for a 30 cents fuel surcharge in light of raising diesel prices. Ironically, on the first day that the surcharge was implemented, diesel price dropped, but still remained about $2 per litre. Since then prices dropped 2 more times which returned the price of diesel to sub-$2 again at $1.993 per litre. This is a result of a drop in crude oil prices, which is now trading at US$128.88 a barrel.

Now that diesel prices are going down, are the taxi companies going to scrape the 30 cents surcharge? Or is it here to stay? If it is, then this effectively means that there is now a flag-down rate of $3.10, up from the normal taxi rates of $2.80 but masqueraded as a fuel surcharge. I wonder how long the taxi companies will want to keep the surcharge, or will they just openly get it absorbed into the flag-down rate eventually.

Pump prices fall again - third time in fortnight

By Christopher Tan

PUMP prices fell for the third time in a fortnight, led again by Shell on Monday.

The reductions were two cents a litre for diesel and four cents for petrol, except for so-called ultra-premium petrols, which fell by three cents.

The latest adjustment brings a litre of 92-octane petrol to $2.133 a litre before discount; 95-octane to $2.166; and 98-octane to $2.24.

Shell’s V-Power is now $2.369, while Caltex’s Platinum is $2.366.

Diesel returned to sub-$2 level to $1.993.

The slide follows a sustained drop in international crude oil prices. Light, sweet crude for August delivery ended last week at US$128.88 a barrel on the New York Mercantile Exchange.

A week earlier, it hit a record US$147.27.

Source: Straits Times Interactive, http://www.straitstimes.com/Latest%2BNews/Singapore/STIStory_259923.html

Article extracted on 21st July 2008

Immigration forms: Malaysia can’t make up its mind

International July 21st, 2008

Some time back, I wrote about Malaysia adopting the through-train process in immigration; which apparently is a trial that just ended. Malaysia, after realising that many people are going in without getting their passports stamped, decided to get the cards back into the menu. For some countries, some of the important information may include address, health status and amount of money brought in. However, for the man-on-the-street like me, what’s important is that I have proof that I did pass through the proper customs since there’s usually (not always) a customs stamp on the card itself.

I just hope when the new rules kick in, the custom officers will be sufficiently notified and not just throw my white immigration form into the dustbin. You know lah… it’s just one of those things that can happen. =)

Embarkation cards for foreigners from Aug 15 a security measure

KOTA TINGGI - ALL foreigners, including Singaporeans, will have to fill in immigration embarkation cards when they enter Malaysia from Aug 15.

Home Minister Datuk Seri Syed Hamid Albar said the move, which will apply at all entry points nationwide, is to enhance security in the country.

‘The police felt that there was a gap in their information and record keeping and that it was good to have the form,’ he told reporters here on Sunday.

Since Jan 20, all foreigners have been exempted from the need to fill up such cards.

Mr Syed Hamid said the exemption was merely a test period to see whether the country could do without it.

‘People come in and while we punch the data in, quite a number of people just walk through without any records of them coming into or leaving the country,’ he said.

Johor Immigration Department deputy director Johari Yusof said Singaporeans would also be required to fill in embarkation cards when they cross the the Causeway and the Second Link.

Meanwhile, Malaysian Tourist Guide Council president Jimmy Leong said the new ruling showed inconsistency of policies.

‘The Government should carry out research before implementing anything,’ he said, pointing out that the new ruling would definitely slow down the traffic at the Causeway as well as the Second Link. — The Star/ANN

Source: Straits Times Interactive, http://www.straitstimes.com/Latest%2BNews/S-E%2BAsia/STIStory_259817.html

Article extracted on 21st July 2008