‘I am not sure if I can cope’: Record motorcycle COE premiums pricing more buyers out of market

  • 📰 straits_times
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 69%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SINGAPORE - Mr Norman Mohd Yusoff, 34, wanted to replace his power-assisted bicycle with a motorcycle to do food delivery, after he obtained his Class 2B licence in early October. Read more at straitstimes.com.

SINGAPORE - Mr Norman Mohd Yusoff, 34, wanted to replace his power-assisted bicycle with a motorcycle to do food delivery, after he obtained his Class 2B licence in early October.

Getting a motorcycle would allow him to earn more money, spend more time with family and make his job less strenuous, said the sole breadwinner, who has three children aged between one and nine. “I was trying to save up for the bike but now, I am not sure if I can cope with the monthly instalments.” Dr Timothy Wong, senior lecturer at National University of Singapore’s department of economics, noted that the Covid-19 pandemic has stimulated demand for shipping and delivery, with more households getting food and products delivered to their homes today than before the circuit breaker in 2020.

Bukit Batok MP Murali Pillai had raised a similar point in a parliamentary question. Responding in a written reply on Wednesday, Transport Minister S. Iswaran said there are no plans to increase the vehicle growth rate of motorcycles as they also contribute to congestion, and require road and parking spaces.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to Pick Dividend Stocks For Your Portfolio - Singapore NewsDividend investing can be a good investment strategy. However, not all dividend stocks are created equal. They can still be risky if you pick the wrong ones. Here’s how to invest in them.
Source: IndependentSG - 🏆 2. / 72 Read more »