New formula for public transport fare revision to be out this week | Thread profile

New formula for public transport fare revision to be out this week http://www.straitstimes.com/Latest%2...ry_253492.h tml New formula for public transport fare revision to be out this week By Christopher Tan, Senior Correspondent A NEW formula for annual public transport ...

Quote: Originally Posted by anfielder http://www.straitstimes.com/Latest%2...ry_253492.h tml New formula for public transport fare revision to be out this week By Christopher Tan, Senior Correspondent A NEW formula for annual public transport fare adjustments is expected to be ...

soon we will all see a report on how everyone wages have increase by 25% ... __________________ [SIZE=1][/SIZE]

Can we cut this charade of some 'neutral' governing body already................. __________________ [SIZE=1][/SIZE]

Quote: Originally Posted by anfielder Between 2005 and 2007, fares went up were between one and three cents per ride, although those who paid in cash (instead of using the ezlink farecard) saw their fares rising by 10 cents in 2005. Train fares were frozen last year because the PTC deemed ...

Quote: Originally Posted by solidghost In 2007, they did increase the bus fares, contradicting the report. http://www.asiaone.com/Motoring/News...911-24973.h tml Just May this year, they increase nightrider services fares. Recently, they increase premium bus service fares as well....

Whatever! Whether new formula, old formula or hybrid one, the itention is to increase fares. When it is fare increase it is never good news the question is how much only? Don't really understand when public transport is making tonne of money and still greedy to cope more from commuters. When will they stop milking the poor...

Quote: Originally Posted by anfielder Huh? They didn't say bus fares didn't rise in 2007. They said train fares didn't rise, which is true. (But train fares rose in 2006). Yup, sorry misread it. But seriously, the quote is very misleading. First they say public ...

Transport company must make a profit of $X million ever year + Y% of growth every year. So no matter what formula is used, the X+Y formula for transport company must maintain.

I'm not optimistic at all about the so-called new formula. __________________ Moderator (板主) for Current Affairs Lounge (时事客厅) and Eat-Drink-Man-Woman (饮食男女) Need just a single screw from LGA775 Bolt-Thru-Kit with Screws & Springs...