Opinion: Minister Chee Hong Tat’s stance on COE prices, contrasting with data on private-hire fleets, raises questions about his understanding of market forces and leasing firms’ influence.
“Why can’t Chee definitively say whether car leasing companies are the highest bidders in COE exercises, and that private buyers are the ones bidding aggressively for vehicles?
Surely, backend data could easily support this narrative. Why must the Acting Minister resort to such ambiguous hypotheses when the information should be accessible from the government’s end?
Is Chee hoodwinking the general public, or is he simply incapable of understanding economics?”