Until now, home owners paid S$110 a year for a TV licence while car owners paid S$27 a year for tuning in to FM radio on the go. With this change, users would save about S$120 million in such fees a year, revealed Finance Minister Tharman Shanmugaratnam today.
He told Parliament that the licence fees were losing their relevance. Many users now watch TV and listen to radio on the Internet, bypassing the traditional channels, he also pointed out. Full story