Forum: Review off-peak car rebate amid high COE premiums
Off-Peak Cars (OPCs) were introduced to allow lower-usage ownership, with a S$17,000 rebate. But this rebate has not kept pace with soaring COE prices, making the scheme far less attractive.
For families with young children, elderly parents, or members with disabilities, a private car is often a necessity for school runs, medical visits, and caregiving.
It is time to review whether the OPC rebates should be adjusted to today's market so that Singaporeans who need to own a car will not be left behind. Policies must keep essential car ownership accessible to citizens.
Tan Hock Hoe
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
28 minutes ago
- Straits Times
Chinese foreign minister Wang Yi to visit India from Aug 18, China's foreign ministry says
Sign up now: Get ST's newsletters delivered to your inbox BEIJING – Chinese foreign minister Wang Yi will visit India from Aug 18 to Aug 20, China's foreign ministry said in a statement on Aug 16 , for talks about a disputed border in the Himalayas. This is only the second such meeting since a deadly clash in 2020 between Indian and Chinese troops at the border. Relations between the two Asian giants have been thawing since an agreement in October 2024 on patrolling their Himalayan border, easing a five-year standoff that had hurt trade, investment and air travel. Relations were further boosted in recent weeks amid new tensions in India-US ties after decades of progress , analysts said, as US President Donald Trump imposed a 50 per cent tariff on Indian exports to the United States – one of the highest levels among Washington's strategic partners. The long-time rivals China and India are quietly and cautiously strengthening ties against the backdrop of Mr Trump's unpredictable approach to both. Indian Prime Minister Narendra Modi is set to meet Chinese President Xi Jinping at the end of August when he travels to China – his first visit in seven years – to attend the summit of the Shanghai Cooperation Organisation, a regional security bloc. REUTERS
Straits Times
2 hours ago
- Straits Times
Welcoming 1 million more foreign graduates could lift South Korea's GDP by 6%: Study
Sign up now: Get ST's newsletters delivered to your inbox South Korea could unlock over US$100 billion (S$128.3 billion) in economic value by welcoming 1 million more skilled foreign graduates, according to new research that emphasises immigration as a possible answer to the country's shrinking workforce. The Korea Chamber of Commerce and Industry and a research team led by Korea University economics professor Kim Duk-pa released the findings on Aug 13. They analysed the economic effects of foreign talent using data from all 17 administrative regions of Korea between 2012 and 2023. The study found that when the share of registered foreign university graduates in the economically active population rises by one percentage point, per capita gross regional domestic product increases by about 0.11 per cent. As of July, South Korea had a population of 51.68 million, according to Statistics Korea. About 29.75 million are classed as economically active, meaning they are aged 15 or older and either employed or actively seeking work. Using this correlation, the researchers calculated that an additional 1 million foreign graduates could raise gross domestic product by around 6 per cent, or about 145 trillion won (S$134 billion). If the current 1.35 million registered foreign residents grew to 5 million, the gain could reach 361 trillion won. The urgency comes from a combination of a record-low birth rate and the world's fastest rate of population aging. Together, they are shrinking South Korea's workforce at an unprecedented pace. Yet the country has relatively few highly skilled foreign workers. Ministry of Justice data for 2023 shows that just 68,642 held professional work visas such as the E-1 (professor) or E-7 (specialty occupation) visa. The Korean Educational Development Institute counted only 52,154 foreign graduate students enrolled in 2024. That means the pool of talent with master's and doctorate degrees remains far below demand. Top stories Swipe. Select. Stay informed. Singapore 5 new walking trails allow hikers to explore heritage sites, win FairPrice, Cold Storage vouchers World Trump advises Ukraine's Zelensky to 'make a deal' with Russia after meeting Putin World Takeaways: Warm words contrast with cold reality of no deal at Trump-Putin summit Singapore Nowhere to run: Why Singapore needs to start protecting its coasts now Life Switching careers in middle age and beyond: How these Singapore professionals did it Asia 11,000 properties without power after 4.9-magnitude quake strikes near east coast of Australia Asia Move over, Labubu – Chiikawa is the new craze in Hong Kong Life English, physics, chemistry: These tutors take O-level exams every year Immigration as solution to 'ABCD' challenges The KCCI describes overseas recruitment as a way to address what it calls the nation's 'ABCD' challenges: adapting to artificial intelligence, reversing the low birth rate, improving competitiveness and boosting domestic demand. Professor Kim said the value of attracting skilled foreigners goes beyond merely increasing headcount. Foreign workers also stimulate consumption, improve labor productivity, strengthen industrial competitiveness and help modernise the economy. The report proposes creating cities designed for long-term settlement. These would offer visa incentives, tax breaks and strong education and health care services. Flexible regulation in designated zones would make social and economic integration easier. Another recommendation is to attract advanced manufacturing plants in sectors like semiconductors and AI. The idea is to link corporate investment directly to talent recruitment, giving companies a steady supply of specialised workers while turning regions into industrial hubs. A third strategy is to prepare overseas talent in advance. The KCCI suggests targeting students in countries such as Vietnam and Indonesia, where Korean culture has strong appeal. These students could be trained for Korean industries including shipbuilding, biotechnology and advanced manufacturing, with pathways for family settlement and long-term careers. 'In the age of AI, the global competition for talent is intensifying,' said Lee Jong-myung, head of the KCCI's industry innovation division. 'It is time to build internationally competitive cities that help foreign professionals settle quickly and contribute to growth.' THE KOREA HERALD/ASIA NEWS NETWORK
Straits Times
3 hours ago
- Straits Times
Six-figure sales each durian season: Why durian sellers are now live selling on TikTok
Sign up now: Get ST's newsletters delivered to your inbox SINGAPORE – When Mr Raay Lim started selling durians in May 2020 during the Covid-19 circuit breaker, he expected the long hours and physical toil, but not the non-stop yapping that would come to define his job now. Growing up, communication was never his strong suit. He had a habit of stammering and stuttering, so a career as a live streamer was the furthest thing from his mind. He went into the durian business to facilitate conversations, not lead them. 'I started out because my grandma loved durians a lot. Every durian season, we' d lay out the newspaper, sit and eat together. It's something I'll always remember. So, I hope that by starting my business, I'll be able to replicate these family moments for other people,' says the 32-year-old Singaporean owner of Zen Zu Fu Durians, which operates from a kerbside stall in Tiong Bahru. He set up shop firs t i n Queenstown, the n S in Ming and Bedok, and finall y T iong Bahru. But each successive neighbourhood proved no warmer than the last, with residents reluctant to leave their homes during the pandemic. 'It was very hard to build up a neighbourhood base. You need to give customers a reason to choose you over other more established stalls.' To a young newcomer like him, it was clear that the traditional model of business – a bricks-and-mortar stall, steady base of neighbourhood regulars – no longer cut it. The answer, then, lay online, on the one app that was taking over the world: TikTok. Live selling has helped Mr Lim reach new audiences. ST PHOTO: KELVIN CHNG In June 2023, Mr Lim logged on and started live selling durians for the first time. It turned out to be the right move. Top stories Swipe. Select. Stay informed. Singapore 5 new walking trails allow hikers to explore heritage sites, win FairPrice, Cold Storage vouchers World Trump advises Ukraine's Zelensky to 'make a deal' with Russia after meeting Putin World Takeaways: Warm words contrast with cold reality of no deal at Trump-Putin summit Singapore Nowhere to run: Why Singapore needs to start protecting its coasts now Life Switching careers in middle age and beyond: How these Singapore professionals did it Asia 11,000 properties without power after 4.9-magnitude quake strikes near east coast of Australia Asia Move over, Labubu – Chiikawa is the new craze in Hong Kong Life English, physics, chemistry: These tutors take O-level exams every year About 70 per cent of his revenue now comes from TikTok Shop, where mao shan wang is priced at $50 a 500g box – the same as de-husked durians at his physical stall. He estimates that he racks up six figures in total in TikTok Shop sales during the main durian season in June. The harvests in December and March yield more modest returns. Oth er enterprising thorn sellers started to do the same, lured b y t he platform's sprawling reach and quick commerce. Over the last year, the app has yielded a bumper cro p. T he number of durian sellers on TikTok Shop grew by some 40 per cent, while gross merchandise value surged 185 per cent year-on-year, according to the company. Sellers such as Mr Josiah Jeremy Seow of Golden Moments Durian Cafe in Bugis and Mr Tony Seah of Vlack Durian in Bukit Batok also tried to catch the wave over the last couple of year s. 'The era of business has changed, and we have to adapt and enter the streaming arena,' say s M r Seah, a 41-year-old Singaporean . H e launched Vlack in 2020 and started live selling in June 2024. The results were remarkable. By the following year, revenue had risen by 40 to 50 per cent. A 400g to 450g box of mao shan wang sells for around $60 on Vlack's TikTok Shop, 10 per cent more than at the physical store due to c harges such as platform fees. Because his store is in an industrial estate, online outreach is a necessity. 'We can't attract thousands of customers daily with just our physical store, but on TikTok, we can get thousands to learn about our brand.' Mr Tony Seah's shop, Vlack Durian, is located at an industrial space in Bukit Batok. ST PHOTO: DESMOND WEE For seasoned live streamers like Ms Emily Tan, who goes by @EmObsessed online, durians have also proven a risky – as perishable foods tend to be – but lucrative trade. She had heard that durians were one of the easiest things to sell online, with a higher eyeballs-to-sales conversion rate than other fruit. 'At first, I was like, are you serious? Who buys durians on TikTok? I thought you'd want to get a feel or try the durian. But after doing one live stream, I realised the cult of durians is real,' says the 32-year-old Singaporean of her first live stream with Zen Zu Fu in Ap ril. She usually touts family-centric products online such as Zappy wipes. S he sold a five-figure sum from four hours with Zen Zu Fu, slightly more than the mid-four-to-five figures she usually generates from selling other products online. Friends first Online, the prickly product cannot speak for itself. It demands a personable host: charismatic, knowledgeable and ready to talk for hour s. On Mr Lim's live stream s, conversation ranges far beyond durians, running the gamut from routine exchanges – 'How are you' and 'Have you eaten?' – to deeper concerns, like the rising cost of living and how to help friends with mental health issues. The sessions can run for up to six hours. Sometimes, he chops durians concurrently. But multitasking can be exhausting and dangerous, so he takes occasional breaks from physical work to e ngage his viewers. 'I would say it's 20 per cent selling, 80 per cent chatting,' he says, taking care to differentiate himself from sellers who urge customers to just 'buy, buy, buy'. 'To do business, you must first build your community. When people know your sincerity and who you are, they are more likely to buy from you. The way I approach the live streaming is by thinking that maybe we can be friends first.' Mr Lim believes in first building rapport with customers before selling them anything. ST PHOTO: KELVIN CHNG It seems to have worked. Viewers hang around for an average of two hours – for him, not the durians. Singaporean Ng Shu Huai, for example, has been following Zen Zu Fu's TikTok live sales for a year now. The 39-year-old, who works in the supply chain sector, tunes in every day after work and on weekend s . 'Raay's quite funny and the chats are always light-hearted, whic h helps me unwind after a long day,' she says. 'What keeps me coming back is Raay's honesty and sincerity. He never hard sells and remembers viewers' names, preferences and where they live.' On the other hand, she adds, buying in person can be quite intimidating. It is a sentiment Mr Lim says many millennial and Gen Z customers share, which is why he thinks TikTok has helped him reach a new demographic. 'Dur ian sellers can be intimidating in terms of their voices being loud. It's a bit hard to go down to their shop and speak to them because a lot of people can give into this kind of pressure.' On TikTok, however, the customer is king. Order a box if you like what you see. If not, just swipe past. Honesty is the best policy Ms Tan is not one to beg for business. Her style, she maintains, is transparent and honest, not pushy. She adds: 'If a customer says, 'Emily, I can't decide between red prawn and mao shan wang', some sellers will say, 'Buy both.' 'But I'll be like, 'Ask yourself if you want to eat something sweeter o r a bit bigger? And you can just purchase one. If it's good, next time, you can come back.'' Also emphasising candour, Mr Seow describes his style as educational. He starts by delving into the different types of durians an d th eir tastes in an engaging monologu e, sprinkled with facts and examples. For instance, he might explain why the price of durians is going up or break down what a bumper crop means for Singaporean buyers. 'When they know that we know our stuff, that's when we establish trust and rapport,' says the 36-year-old, who founded Golden Moments in 2017. Online, his durians are priced from $22 to $38 for each 400g box. Golden Moments Durian Cafe owner Josiah Jeremy Seow expanded his business to TikTok in 2023. ST PHOTO: BRIAN TEO The live streaming at Golden Moments runs from 1 to 10pm every day, with shifts divided into two- to three-hour long blocks hosted by in-house staff or a roster of about 20 freelancers it cycles through. Mr Seow is conscious of the difference between online consumers and those who patronise his physical store. Shoppers on TikTok are more price-conscious, as the platform allows them to compare the cost across various stores at once. 'They tend to be more critical about the brand and product because they can see how many boxes have been sold and what a store's rating is like before making a decision to buy,' he notes. In response, he has tightened customer service, ensuring tha t ch ats are replied to and deliveries made on time. The durians are usually delivered within 90 minutes, as promised on its TikTok page, affording quick gratification. Vlack's Mr Seah takes a similarly informative approach. He introduces himself, answers questions, discusses the season's forecast and guides viewers through the types of durians in a manne r that is 'very direct, very clear'. Trust, in his case, is built by keeping the camera trained on a box of golden flesh, with a member of his team de-husking durians in the background. 'We're a premium durian specialist, so we believe in flexing the quality of our durians, instead of attracting people by showing our faces,' he quips. Because TikTok Shop accounts for 70 per cent of Vlack's sales, the team live streams from 3 to 10pm d aily. Mr Seah admits that it can get tiring, even when live-selling duties are shared among his team of six. Does he ever run out of things to say? 'No, I love to eat durians. S o, I 'm doing what I like on a daily basis.' Thorny side of TikTok Not every part of the process is sweet, however. The rush hour, which is usually from 5 to 8pm and brings a surge of around 50 orders, always gives the team a bit of a headache – albeit a happy one. It has to manage expectations, keep track of deliveries, get durians to customers within two to three hours, as well as soothe the ruffled feathers of those asked to reschedule their deliveries, should stocks run out. And if any box fails to meet expectations, customers are urged to reach out to Vlack's service recovery team. 'Durians are so expensive. We don't want customers to eat lousy quality durians. Just reach out to us. Don't be afraid, we're very friendly,' he assures. The Vlack Durian team takes turns to live stream its durians on TikTok Shop. ST PHOTO: DESMOND WEE But refunds occasionally pose a challenge to Mr Seow. 'Some customers are a bit harder to deal with, they're obviously there to troll. So they will tell you that it's very bad, but when you ask for photos and videos, they don't want to send. Then how do you justify the refund ?' Sellers on TikTok Shop must respond to re fund requests within one working day, but can reject a request on grounds of lack of evidence or if the product is 'used, damaged or removed from the original packaging'. Then there is the emotional exhaustion of having to continually pump out good vibes. While Mr Lim can usually feed off the energy of 50 to 100 viewers, his live stream has its quieter moments too. 'The toughest thing is motivating yourself when there are no viewers,' he says. 'You have to talk with the same kind of energy, but honestly, it's hard because you know you're talking to a wall.' But he keeps going anyway, for the sake of his business and to push himself out of his comfort zone. As for his stutter? After hours upon hours of chatting into a phone camera, only a trace of it remains. 'If people want to laugh at my stutter, honestly, just let them laugh,' he says. 'Everyone has his or her own shortcomings. You just have to accept who you are and face it.'
