Oneshift updates loan calculator

 Students from all across Asia and the Middle East arrived in Manila yesterday to tackle a street circuit in the heart of Manila, Philippines, with the fuel efficient vehicles they designed and built. The over 100 student teams are here to compete in the fifth edition of Shell’s annual Shell Eco-marathon Asia.  This will be the first year Shell Eco-marathon Asia takes place in Manila, having previously been held at the Sepang International Circuit in Kuala Lumpur, Malaysia. The new urban setting is designed to test the boundaries of fuel efficiency in a real world environment. Success is not measured by speed but by who can drive farthest on a litre of fuel.

High end cars have been hit by the new regulations too! The regulations have reduced total registration of such vehicles by up to 90% in the second half of 2013, with Ferrari suffering a the largest blow at a 92% drop in new vehicle registrations in the 2nd half.  The decline in sales figures can be attributed to the new tiered ARF system, that adds a tax of up to $450,000 to the already ridiculous costs of the base car and COE. That, compounded with the loan curb, basically means that potential buyers may be driven away and forced to get something of lower end. Experts believe that the artificially driven inflated of owning a supercar may only temporarily stop people from buying them while they get use to the added cost. Once the cost increment becomes commonplace across the all classes of cars, consumers at the higher end of the market will end up purchasing such vehicles again. They also believe that introducing new models will pip the potential owners’ interest, and gives them an excuse to rashly buy that dashing new exotic they saw at the showroom.Pictures used for illustration purposes only.

8 cars were involved in a crash that hurt 5 people, one of whom was a child. The cars, heading north on the CTE after Braddell Road exit, collided, resulting in a massive crash for the 2 lanes the cars were on had to be cordoned off. The accident occured on Sunday night at about 9:20pm, with most of the wreckage cleared by 11:40pm. All the 5 casualties, four adults and a child, were conveyed to Tan Tock Seng and KK Hospitals respectively, all conscious.Pictures used for illustration purposes only.