According to theedgedaily.com:
Singapore Airlines (SIA) is increasing the fuel surcharge on tickets issued on or after Aug 2 for both Singapore Airlines and Silkair flights to all destinations. The surcharge increase ranges from US$2 (RM6.80) to US$9 depending on the sectors, SIA said in a statement on July 27. SIA is increasing the surcharge by US$9 to US$98 (from US$89) for flights between Singapore and the US and Canada. For flights between Singapore and Kuala Lumpur, Bandar Seri Begawan, Denpasar, Hanoi, Ho Chi Minh City, Jakarta, Manila and Penang, the surcharge will be increased by US$2 to US$22. For other flights, the surcharge has been raised US$5 to US$63. It said the increase was due to the “sustained escalation in the price of jet fuel in recent months”. “The price of jet fuels is now hovering around US$90 per barrel, compared to US$81 per barrel when the surcharge was last revised in May. The light crude oil for delivery in September was trading around US$75 for September delivery on Nymex, up from US$60 in mid-February. This is the third time this year that SIA have hiked up their fuel surcharges amidst escalating fuel prices. The last hike was in May when fuel prices were at $81 per barrel SIA is not the only airlines to be increasing fuel surcharges. Thai Airways is another carrier in the region to have increased surcharges by up to US$10 on most flights The International Air Transport Association (IATA) expects this to be a worldwide phenomenon as jet fuel prices hit US$91 per barrel this week.
- When the all the airline starts to raise their fuel surcharges the new marketing for them will be Fly With Us! Guarantee Lowest Ticket Price Conditions Apply** The ticket price does not include the on board stewardess, there will be no food or drinks allowed on the plane and none will be provided, toilets are locked during the whole flight unless is extremely urgent, there will be spoiled or missing life jackets under your seat and if you cannot find yours share with others, there won’t be any crash landing instructions because we will self destruct with any signs of engine problems. Cost of tickets $100, Fuel Surcharges $888 Excluding GST Tax Any luggage heavier then 12.5 Kg will be charge additional $10 per grams. See you soon!
This silly premonition of the future might just be nonsense rant but what can be further away from the truth of higher crude oil price will cause higher cost of traveling overseas. Those products you are using such as the very computer you are using may be imported thousands of miles away from China etc. traveling using planes or tankers…the cost will go up. The future cost of traveling and hike in prices is not a prediction but reality of the future.
The ways to avoid or sustain such inflation or hike in cost are either painful cutting cost or inflating price of your product and services and earn more as well.
There are few groups of people may not have the hint of what is coming and still trying out that death wish of price warring with competitors and may eventually create a stagnant growth for that particular industry.
The crucial question now is, with higher price will come higher production of oil supply? Does money really can increase oil supply in the long run or is it just the illusion of man that money can buy sustainability? The possibility is prolong hike in prices that create an economic recession that created the demand destruction by natural selection. The fittest or the most well prepared stay alive.
The next wave or trend is to find innovative ways to collaborate and work at home or on the move. Wireless technology are already in the market to tap on the internet. The work that most people in the IT, Accounting, Finance, Call Centre, Help Desk, Shopping, Ordering, Invoices, Graphical Design, Gaming, Research and Development, Surveys and many other sectors can be done via internet.
The problem is very fundamental, discipline. The lure of the next youtube movie of “Little Britain” or that MMORPG game that you had been too busy to increase the level to buy that much awaited dream Sword with Dragon Hit Points…or simply waste time with another DVD that hasn’t been time to watch….all at the privacy of you own home.
Naturally the productivity will go down to hell and business cannot sustain. The only way to combat low discipline employees might be either constant monitoring via Messenger (Skype Video, MSN, YAHOO) but it’s not practical to have it on to all employees at the same time or you can pass a percentage of the company’s profit to the employees as shares. Different employees hold a pay % of the company and have different levels of experiences and KPI can get different level of pay %. Just like a RPG game, the more work you do and more projects completed will earn you credits and points. The Manager or Boss can issue profits (income minus expenses incurred) to the % shared among workers using fund transfer or Paypal.
If the company’s success is part of the pay of the employee’s own success may also means bigger pay pocket for the better performance just like the RPG game!
Each player can get missions selection (job scope) and employers coordinates mission giving, sourcing, awarding and monitoring. The mission completion will add a portfolio of the success of the “mission” or project to the employee by either the customer, boss, manager or all.
The controller of the mission also hold % of the pay structure so that it’s transparent to all employee the total amount earn and control the company’s expense column. The company may also have a magician to control the Income tax for the company.
If the world of home based/mobile jobs starts to take off a new trend of services will emerge such as solar charger for laptops, extra light batteries, solar bags(already exist).
There are several industry might be hit hard by this trend such as the tourism industry, shopping centers and food centers. These will need to innovate into express delivery on demand via online ordering industry.
Food can be ordered and paid online and be delivered (solar van) by the nearest outlet and tourism can be transformed into solar charging cafe points for laptop mobile workers on the road.
Urban farmers might be the highest paid in the country after imports of food inflate to unreasonable amount. The farmer might provide basic food supply at lower cost due to locality and no preservative. There are possible to reach the customer within a day of plucking that vegetable off that rows of vertical farms from all apartment corridors.
The rest of the world might be in chaotic riots or even war but with a strong and united community in a small country, Singapore might have a chance to surviving the energy crisis of the future. (Have to be optimistic yah?)
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