CNA (Page 282)

Because bicycle dealers frequently keep a share of temporary COEs, according to transport economist Walter Theseira, the latest measures helped to deter speculation. They benefit from rising COE premiums because they can buy the motorcycle for more money even though they paid less for the qualification.

Before selling them to customers as a” new second-hand” product, the dealers will also register vehicles in their company’s name.

According to Dr. Theseira, an associate professor at the Singapore University of Social Sciences, people are sensitive to the” move matter” or the number of former owners, so this tactic is not used in the automotive industry.

Even if the car is owned by the dealer, people are unlikely to be prepared to pay the same price for it.

However, compared to motorcycles, cars depreciate greatly more.

“It is very risky for car dealers to hold COEs speculatively or to use them to register vehicles in their own name, when very expensive depreciation starts the moment registration is completed,” he said.

REAL People

Motorcycle dealers with a lot of Offerings are motivated to try to regulate the market price. Dealers can no longer benefit from the difference in COE premiums by holding onto old certificates for three months under the new regulations, & nbsp.

The payment for each charge is now higher if dealers place bids to raise the COE, and that money goes to waste when the coin expires.

However, dealers typically just place a bet on the car markets once they have identified the buyer.

“The dealer only executes the bid when there is a buyer who has already committed to the purchase and has transferred the COE bid deposit, and in many cases, also a deposit for the car itself,” said Assoc Prof Theseira.

He continued by saying that because the bet is made in the buyer’s name, dealers are not permitted to submit an offer without a payment and sales agreement.

The amount of money required up front would rise with a higher pay payment for cars, he said.

” However, I don’t expect that to have much of an impact on the market, as if you’re willing to pay S$ 200, 000 – S$ 300,000 for a car, is there really much difference whether you must pay, say, S$ 10, 000 as an upfront COE bid deposit, or even S 20, 000 or S 30, 000″?

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SINGAPORE: A fire broke out in the engine room of a Singapore-registered ferry off Kusu Island on Friday (May 5), prompting the transfer of its passengers to another vessel. 

The fire was put out by the six crew members of QUEEN STAR 2, which was on its way from Singapore to Batam when the incident happened.

The Maritime and Port Authority of Singapore (MPA) said in a news release that it was alerted to the incident at 12.30pm on Friday.

“MPA, the Singapore Civil Defence Force (SCDF), and Police Coast Guard (PCG) immediately deployed their crafts to provide assistance,” said the authority, adding that a tug boat was also deployed to provide assistance and tow the ferry.

All 62 passengers on board, including Singaporeans, Malaysians and Indonesians, were transferred to another vessel, MERBAU ERA, which was going to Harbourfront Ferry Terminal in Singapore.

The vessel then headed to Batam in Indonesia and has since arrived safely with all the passengers.

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NEW SAFETY AND TRAINING MEASURES

Among the safety measures rolled out, the size of this year’s landing zone at the Padang has been doubled, and will be situated further away from the spectator stands, said MINDEF. 

Jumpers will be less susceptible to turbulence caused by eddy currents – air circulation that is created when wind encounters a solid object – and thermal effects. It will also give them more manoeuvring space, said the Defence Ministry. 

The team has also introduced a new two-week Display Jump Preparatory Training programme conducted closer to National Day. Moving the high-intensity training closer to National Day was one of the review panel’s recommendations. 

The programme, conducted in the United States this year, recreates conditions of the jump the Red Lions will take during the parade, with a similar drop zone design and conditions, said LTC Neo. 

“We designed the training drop zone to be similar to the layout of the Padang so that we allow the Red Lions to practise their landing approaches or the wind conditions that’s prevalent in the Padang, so that they’re very familiar with the landing approaches,” he added. 

“And they get to practise the contingencies among their team members, how to react if the plan doesn’t hold in place.” 

For the 2022 parade, the Red Lions team underwent similar training in September 2021 to prepare for the parade. This year, the programme was conducted in April and May, just months before on-site rehearsals are due to commence in June. 

The Red Lions’ two-week Skills Enhancement Programme, which helps jumpers train their essential canopy piloting skills, also resumed this year, and the Red Lions team went through the programme in Thailand in March. It was suspended in 2020 due to COVID-19 pandemic restrictions. 

The two programmes will allow the Red Lions to practise high-intensity jumps, making about four to six jumps per day, or 40 to 50 jumps over each course. 

“When we did the review, the external panel … they all unanimously said that if you want a good jumper, you need to expose them to as many scenarios, as close to the conditions that you would expect to land when you go to the Padang,” said Deputy Inspector-General with the Singapore Armed Forces’ Inspector-General Office Kevin Goh. 

This is why the panel’s recommendations were to intensify the training closer to the NDP and replicate the conditions as closely as possible, he added. 

“So in terms of the training system, in terms of the safety culture, the panel didn’t find any issues with the commandos. It’s just how to … make the training a little bit better based on their experience.” 

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