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Money Talks - Breaking down the costs of owning an electric vehicle in Singapore

Money Talks - Breaking down the costs of owning an electric vehicle in Singapore

CNA7 hours ago

Money Talks
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With Singapore phasing out the sale of new internal combustion engine car and taxi registrations by 2030, many Singaporeans are contemplating switching to an electric vehicle (EV) or a hybrid car. But what are the costs involved? In this episode of Money Talks, Julian Kho from Sgcarmart gives a breakdown of the real costs and benefits involved – from maintenance fees to charging costs and road tax.

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Jail for former CEO who gave MOM false information to get work passes for his companies' foreign investors
Jail for former CEO who gave MOM false information to get work passes for his companies' foreign investors

CNA

time27 minutes ago

  • CNA

Jail for former CEO who gave MOM false information to get work passes for his companies' foreign investors

SINGAPORE: In exchange for investment funds, the former chief executive officer of a building solutions company agreed to apply for employment passes for two foreigners under his firm and its subsidiaries. While doing so, he submitted false statements to the Ministry of Manpower (MOM) in relation to the hiring of the two foreigners. Chu Sau Ben, 59, who helmed Libra Group Limited, was sentenced to a five-week jail term on Monday (Jun 30) after pleading guilty to a charge under the Employment of Foreign Manpower Act. Two other charges were taken into consideration for his sentencing. He served as director of Libra Group Limited, Libra Engineering and Libra Building Construction from 1997 until 2020 and was also CEO and executive chairman of these companies at the time of the offences. Through its subsidiaries, Libra Group Limited mainly provided mechanical and electrical engineering services as a sub-contractor such as the installation of air-conditioning, electrical and plumbing systems. In 2018, his companies began facing financial difficulties and he sought funds from investors in a bid to expand the business overseas. The next year, he was introduced to a woman named Wang Jie, a director of Hai Sin International, which was in the business of helping clients buy over, invest in or start businesses in Singapore. It also engaged in programmes in China to persuade foreigners to invest in Singapore. Wang told Chu that she would be able to introduce people who could invest in his companies, but in return, he would have to pledge part of his shares in his companies to these people in addition to applying for employment passes for them. Chu agreed. Wang is facing similar charges under the Employment of Foreign Manpower Act and her case is pending before the courts. She referred two foreigners by the names of Liu Lei and Chen Bingchuan to Chu. Both foreigners had no intention of working in Singapore and just wanted to legalise their entry and residence in the country. Chu's companies received S$2 million (US$1.6 million) from Chen and no less than S$1 million from Liu in exchange for applying for their work passes. Chu agreed to apply for an employment pass for Liu under Libra Engineering and Liu pre-paid S$360,000 to Wang for his purported monthly salary of S$10,000 a month for 36 months. On Aug 15, 2019, a declaration form for Liu's employment pass was submitted to MOM. This form falsely stated that Liu would be employed by Libra Engineering as a regional project manager. The form was signed by Libra Engineering's general manager under Chu's instructions. Liu's employment pass was approved, but investigations showed that he was never employed and never performed any work for the company. Chu and Liu did not keep in contact and Chu did not know what Liu was doing. MOM's prosecutors Amos Tan and Khong Zi-Wei sought six to eight weeks' jail for Chu. They said that Chu's offence "involves the very mischief that the Employment of Foreign Manpower Act seeks to prevent" and that he allowed a foreigner to obtain a work pass without any intention for the person to work for the employer declared in the pass. "At the outset, the accused's intention ... was for the sole purpose of receiving financial gains," the prosecutors added in calling for a deterrent sentence. They also said that the offences were discovered only around two years later and after comprehensive investigations by MOM, which highlighted the difficulties in detecting the crime.

Man who worked overseas for 5 years says SG job left him sick and exhausted: ‘I spend my weekends in bed'
Man who worked overseas for 5 years says SG job left him sick and exhausted: ‘I spend my weekends in bed'

Independent Singapore

timean hour ago

  • Independent Singapore

Man who worked overseas for 5 years says SG job left him sick and exhausted: ‘I spend my weekends in bed'

SINGAPORE: After spending five years building his career abroad, a man returned to Singapore only to find himself burnt out and overwhelmed by the local work culture. Posting anonymously on the NUSWhispers Facebook page on Sunday (Jun 29), the man shared that his current role was not really aligned with the work he had done abroad, which included venture capital fundraising, product management, and research and development. However, he said he accepted the job because it was hard to find something else and because the hiring department assured him that the company would train him. Unfortunately, they did not follow through on this promise. The man said there was little to no formal onboarding, and he was mainly asked to go through technical documents on his own. As someone without a strong tech background, he found it difficult to piece everything together and keep up. Beyond the steep learning curve, the work culture also took a toll on him. 'The gaslighting and pressure to OT (overtime) is fairly common. I did question myself leaving office at 6 p.m. and would get stares,' he said. 'I've been trying very hard but keep falling sick and developed issues sleeping, chest pains, etc, but still try my best.' He eventually raised these concerns to his supervisors but was told that this was simply how things worked in the company. 'They told me pretty much it's the culture, and the hiring/resignation rate here is tolerated. They don't have time to care about this as priority is on projects and revenue recognition,' he said. 'I've given this about 10 months of trying, and I recognise I'm struggling and admit my aptitude for this technical role isn't there. What should I do? I did ask for an internal transfer, but unfortunately, due to division politics, that is not feasible.' 'On one hand, I feel like I'm shortchanging myself if I call it quits; on the other hand, I know it's not healthy — I spend an entire weekend staying in bed.' 'If you really feel that it's not suitable, maybe you can find a job first before leaving.' In the comments, one netizen said their ex-colleague had a similar experience. After working in Australia for a few years, he came back to Singapore and couldn't handle the stress. While the rest of the team didn't think the job was too stressful, the ex-colleague felt overwhelmed and kept saying the work environment was too much. In the end, he moved back to Australia. The commenter suggested that maybe the man should also consider returning to where he used to work if the culture here didn't suit him. Another person said that staying on the job for 10 months already showed he had given it a fair try. They also urged the man to prioritise his mental health, adding, 'Your mental well-being and health are important. If you really feel that it's not suitable, maybe you can find a job first before leaving.' Meanwhile, a third netizen advised him to see a doctor if his health was being affected, writing, 'Do consult a doctor to check and address your conditions. Don't feel bad that you have to do so, and if necessary, go on MC (medical certificate).' 'If you have evaluated and think that you can't make it at this job in the long run, start looking out for other jobs externally, even overseas, if your situation allows relocation. It's always easier to job hunt while employed.' In other news, a concerned employer has taken to social media to ask if certain behaviours by his new domestic helper might be considered 'red flags.' In a recent post on the r/SingaporeRaw subreddit, the man shared that his helper, who is from Indonesia and has been with the family for about four months, had gone against a household instruction that had been clearly stated from the beginning. According to him, she mixed her own laundry with the family's clothes in the washing machine, despite being told from day one to keep them separate. Read more: Employer says maid mixed her laundry with family's and suspects her cooking caused stomachaches — asks if she's 'a red flag' Featured image by Depositphotos (for illustration purposes only)

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