Among other responsibilities, it reviews anti-competitive activities in Singapore. In more human language, it is made up of a group of people with the responsibility of deciding whether a business has used its sizeable market share or monopolistic position to take advantage of its customers.
If I am not wrong, it is part of the requirement for Singapore to comply under Free Trade Agreement FTA signed with US.
Should Starhub, being a sole provider of cable tv services in Singapore, be called upon to answer for raising prices on its various cable packages?
Example - Imagine you signed up for 24-month contract for cable tv package at a price $60 per month. You got a 29-inch tv for a gift. So happy right? Then a few weeks later, you were informed of the impending price increase to $70 per monthShould you wish to stop the service before the expiry of 24 months, you are required to pay a penalty.
On the other hand, apparently the said 24-month contract allows the service provider to increase its price to whatever level it sees fit. You have no say at all but to pay till the end of term.
Why would one enter into a contract where one party can do nothing to change the terms and the other party can vary the terms and conditions?
Is this fair?
Should CCS should look into the following incidents too?
- SingPost's postage rate hike from July 1
- Nets fee increase on merchants using its payment gateway
3 comments:
Well it is official. Media Development Authority (MDA) said Starhub does not need to get clearance on pricing matters.
Of course we know that bus ticket prices, we need PTC's clearance.
Now we know.
Did you see Singtel's 2-full-page advertisements on their coming of pay-TV channels?
While we may cheer its arrival, I don't think it would be good to my pocket in the long run.
Today in BT, Inforcomm Development Authority (IDA) confirmed that it has reviewed and approved the postage rate revisions by Singpost to cover the 2%-increase in GST.
Singpost has also promised that the postage rate increases will be revenue-neutral ie. Singpost will not gain in terms of bottomline.
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