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Orchard MRT concourse level with the faregates. Rail operators are government-assisted profit-based corporations, fares and ticketing on Singapore 's Mass Rapid Transit (MRT) system are aimed to break-even or exceed operating expenses. [1][2] Rail operators collect fares based on account-based (ABT) and card-based ticketing options, [3][4] the prices of which are calculated based on the ...
Prior to 1986, Singapore's corporate income tax rate and top marginal personal income tax rate both stood at 40%. Such high rates were deemed to be uncompetitive. On the recommendation of the 1986 Economic Committee, the Singapore Government decided that it needed to shift from direct to indirect taxes, to maintain its international competitiveness in attracting investments, and to sustain its ...
Discounts and allowances are reductions to a basic price of goods or services. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list ...
This 1916 advertisement distinguishes the list price and a lower our special price. The list price, also known as the manufacturer's suggested retail price (MSRP), or the recommended retail price (RRP), or the suggested retail price (SRP) of a product is the price at which its manufacturer notionally recommends that a retailer sell the product. [citation needed] Suggested pricing methods may ...
The Ministry of Finance (MOF; Malay: Kementerian Kewangan; Chinese: 财政部; Tamil: நிதி அமைச்சு) is a ministry of the Government of Singapore responsible for managing the fiscal policies and the structure of the economy of Singapore.
The Electronic Road Pricing (ERP) system is an electronic toll collection scheme adopted in Singapore to manage traffic by way of road pricing, and as a usage-based taxation mechanism to complement the purchase-based Certificate of Entitlement system. There are a total of 93 ERP gantries being built and located throughout the country, along ...
The economy of Singapore is a highly developed mixed market economy with dirigiste characteristics. [ 20 ][ 21 ][ 22 ][ 23 ] Singapore 's economy has been consistently ranked as the most open in the world, [ 24 ] the joint 4th-least corrupt, [ 25 ] and the most pro-business. [ 26 ]
The levelized cost of electricity (LCOE) is a measure of the average net present cost of electricity generation for a generator over its lifetime. It is used for investment planning and to compare different methods of electricity generation on a consistent basis. The more general term levelized cost of energy may include the costs of either ...