Monday, September 29, 2008

Who's paying for all the energy expended at F1?

With all its riches, the Singapore Govt through GIC and Temasek has helped ailing banks of the world like Merrill Lynch, USB and What Have You?

Being so rich, it's just a drop in the ocean to fund 60% the $150 million F1 race, of which multi million went to the lighting.

Unlike the rich and famous and elites who paid thousands to watch live, some heartlanders may be grateful for the thrills and spills that can be seen on TV.

Until .................

Funnybone tells me nothing is for free and we've been fooled again!

Households to see average rise of about 21% in electricity bills from Oct
By S.Ramesh, Channel NewsAsia | Posted: 29 September 2008 1035 hrs.

I'm not sure if GST was raised to 7% to help the poor but I'm not surprised that the 21% rise in electricity bills is to help pay for the light up of F1 night race that cost $150 million annually for the next 5 years?

Let's hope that the bright lights of
F1 race which is a valuable buzz for Singapore
will not turn the lights out for more Singaporeans like Mdm Noorfarizan. The Power brought darkness to her family when she was in arrears in paying her electricity bills.

"Historic night race wows world" and "the winner is... Singapore!" headlined ST in its front and second pages of 29 Sept 2008.

Give me a break!

Will we have same chest-thumping self congratulations again when the gambling den (IR) starts operation?

Meanwhile, more beggars and vagrants in Singapore?



At September 30, 2008 at 9:45 PM , Blogger Xtrocious said...

But of course, what else can you expect?

IMHO, some of them may have dislocated their shoulders in trying to pat themselves so hard on their backs...hahah

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