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SINGAPORE: The Certificate of Entitlement (COE) premium for Category B crossed the S$150,000 (US$109,500) mark for the first time in the latest bidding exercise on Wednesday (Oct 18), as premiums hit new highs for all car categories.

Premiums for larger and more powerful cars in Category B are now at a record S$150,001, up from S$146,002 in the last tender.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, also rose to a record S$158,004 from S$152,000.

Works completed under this phase include enhancements and additions to several areas along Kallang River.

Premiums for larger and more powerful cars in Category B rose to S$146,002 (US$106,300) from S$140,889 in the last tender.

Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, crossed S$150,000 for the first time, rising to S$152,000 from S$144,640.

The electricity tariff will go up by an average of 3.7 per cent from October to December, national grid operator SP Group said on Friday (Sep 29).

This translates to an increase of about 0.98 cents per kWh before Goods and Services Tax (GST).

The measures come under an additional S$1.1 billion support package to help Singaporean households, especially lower- to middle-income ones, cope with rising costs.

Most households will pay 20 cents more for every 1,000 litres of water next year and another 30 cents more in 2025.

The additional two weeks of government-paid paternity leave will be implemented on a voluntary basis, for fathers of Singaporean children born from Jan 1, 2024.