Fare hike for public transport in October?
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That why $B$ transit dare not talk about it yesterday, they are doing the same for buses and MRT. GST give them more excuses to increase fare hike even though they are making profit. Profit and losses does not affect the fare hike at all. The head of these organisation is affecting fare hike . What oil prices increase etc, all lies.
They want to increase fare anytime they want. PTC will 100% approved. Useless, worthless organisation, helping them to make more money. Certain something wrong with this organisation. Don't help the commuter at all. These organisations 100% don't need to take public transport. Worst still the bus fare vouchers give to the poor from $50 decrease to $20 some more.
I am going to take less public transport, like walking or bicycle. -
Well, there is nothing to discourage public transport operators to not apply for price increases.Originally posted by sunnytv:That why $B$ transit dare not talk about it yesterday, they are doing the same for buses and MRT. GST give them more excuses to increase fare hike even though they are making profit. Profit and losses does not affect the fare hike at all. The head of these organisation is affecting fare hike . What oil prices increase etc, all lies.
They want to increase fare anytime they want. PTC will 100% approved. Useless, worthless organisation, helping them to make more money. Certain something wrong with this organisation. Don't help the commuter at all. These organisations 100% don't need to take public transport. Worst still the bus fare vouchers give to the poor from $50 decrease to $20 some more.
I am going to take less public transport, like walking or bicycle.
Given that there is no loss to doing it, they will just apply every year, at most just don't get it.
A better approach (if the govt is serious about ensuring affordable transport) is to empower the PTC the right to ban the operator from applying for fare increase the next year, should their current year application fail.
This will ensure the operators do their due diligence of ensuing they have a valid case before submitting their applications, and also force them to look to other avenues for more revenues.
But I seriously doubt the govt will care. After all, everything is controlled by them -
http://good-times.webshots.com/photo/2174473320095305654LIqMRo?vhost=good-times
look at the picture carefully..and u see what i mean..and the real reason they up the fare.. -
I went about checking their reports and here's what i gotten going through SMRT's Annual 2007 Report and SBS's 1st quarter 2007 report:
Profit for SMRT Per Passenger per AVERAGE trip:
Total Profit: 103.5million
Total Ridership for the Year: 434,868,000(434.868 million)
Average Profit EVERY Ride: 0.238 = 23.8 cents
Profit for SMRT BUS per Passenger per average trip
Total Profit: 5.6million
Total Ridership for the Year: 270,253,000(270.253 million)
Average Profit EVERY Ride: 0.0207 = 2.1 cents
Proft for SBS BUSES 1st Quarter 2007:
Total Profit: 10.2 million
Total Ridership for the 1st quarter: 194,993,370 ( 194.993 million)
(derived Daily Average ridership for jan-mar 2007 * 30 per month)
Average Profit EVERY Ride: 0.0523 = 5.23 cents
SBS NELine 1st Qtr 2007:
Total Profit: 1.6million (Advert(400k) total=2 million)
Total Ridership: 26,279,790(26.279 million)
Average Profit EVERY Ride: 0.0608 = 6.08 cents (7.61 cents)
Hence here's the conclusion:
For SMRT: Every 1 Cent increase per ridership:
1 cent increase in MRT fares = 1 / 23.8cents = 4.2% profit margin increase
1 cent increase in Bus fares = 1/ 2.1 cents = 47.6% profit margin increase
For SBS: Every 1 Cent increase per ridership=
1 cent increase in Bus fares = 1/5.23 cents = 19.1% profit margin increase
1 cent increase in NELine fares = 1/6.08 =16.45% (13.1) profit margin increase.
Note: Percentages given is for EVERY 1 CENT ($0.01) Increase in fares.
As you can see here: The undeserving culprit is SMRT Train services which is enjoying a mountain of profit for every ride. That profit even averaged out with every bus ride ( total per ride with SMRT) gives:
A profit of (23.8+2.1) / 2 = 12.45 cents per ride of SMRT
In GREAT contrast: SBS has per ride
A profit of (5.23 + 6.08 ) / 2 = 5.655 cents per ride of SBS
The solution for PTC is by the following recommendation:
DECREASING SMRT fares by 15 cents to 8.8 cents per ride. (Core business)
Profit for the year would be instead: a Modest 38.26 Million
Not increasing Smrt bus fares. To maintain a 2.1 cent profit per ride.(Side business)
Profit for the year would remain at 10.2 million
Not increasing SBS bus fares to maintain at 5.23 cents (Core business)
Profit for the year would remain at 40.79 million
Not increasing NELine fares to maintain 6.08 cents per ride (side business)
Profit for NEline for the year would remain at an acceptable: 6.4 million
Total Annual Profit Performance for EACH company would be Slightly below $50 million dollars
Profit Taking by Temasek from SMRT alone will be @ 55% = 27.5 million dollars for the year.
Not bad for
Privatise Public transport company.
I rest my case.
P.S. for nitpickers: This profit has already taken into account bus/train/parts maintainence/replacement costs/ AND TAX. This is PURE -PROFIT- .Thank you. -
quickly buy bicycles before the price oso rises.
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They are all in cahoots.
No one can stop the price increase as they are the same bunch of blood suckers and leeches.
With the "empty promises" of service improvement, the closeness of the passengers (packed buses and MRT at all times) and the expanded waiting times are seriously improved.
So, whatever reason given by the leeches will definitely be approved.
For the stupid peasants, prepare to bleed. -
when they breed, i will bleed...
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Adult EZ-link fares for buses upped from October
SINGAPORE: From 1 October, adult EZ-link fares for buses will increase by between one and two cents.
But there will be no increase for train fares.
The Public Transport Council said in a statement that senior citizen concessionary EZ-link bus fares, which are flat fares pegged to the lowest adult fare band, will also increase by two cents. - CNA/ir
http://www.channelnewsasia.com/palmnews/singaporelocalnews/view/299127/1/.html
thanks to venny -
Originally posted by CoolMyth:More hoot years ahead!
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Originally posted by ^tamago^:
[b]Adult EZ-link fares for buses upped from October
SINGAPORE: From 1 October, adult EZ-link fares for buses will increase by between one and two cents.
But there will be no increase for train fares.
The Public Transport Council said in a statement that senior citizen concessionary EZ-link bus fares, which are flat fares pegged to the lowest adult fare band, will also increase by two cents. - CNA/ir
http://www.channelnewsasia.com/palmnews/singaporelocalnews/view/299127/1/.html
thanks to venny[/b]
for once i wished i was a student, then got concession always
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Have to get use to the public transport fare increase.
Then at least we can feel better. -
was there a "service" in the 1st place?Originally posted by qlqq9:To provide better service so they increase the fare, this is a common excuse they give every year. It is more of making profits than any other reasons that gahmen approve the application of the hike every year. I don't remember any one year they did not increase the fare. don't think it is justified to increase the fare every year. Was helping to do a project on transport in a consulting firm, somewhere in the text it said that public transport is provided by government to serve the nation, therefore making profit should not be their priority instead service to the people should be the priority.
So, well, it is no surprise that there is going to be another hike in fares in October. Afterall, the gahmen have been increasing the essentials these past few months!!! They are doing the usual, "squeezing" every cent out of the people of Singapore. GReedy!!!
besides having the bus-conductor to drive us ard....
and.. i tot they just INCREASED the price from July due to GST increase?
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Dedicated to all PTC and public transport companies.
Fare hike as expected. The poor is doomed. Never ending Fare hike, thank to them.
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well, ya, since the fare is inclusive of gst, they have actually increased the fare Twice this yr.....Originally posted by aHGer^83:was there a "service" in the 1st place?
besides having the bus-conductor to drive us ard....
and.. i tot they just INCREASED the price from July due to GST increase? -
is there a NEED in the 1st place? plus, "service"??Originally posted by venny:well, ya, since the fare is inclusive of gst, they have actually increased the fare Twice this yr.....
ok lah.. be fair lah.. some commuters are plain inconsiderate on board lah... but there are rude condutors too...
im starting to wonder if it's justifiable for all this price hikes.
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ya.. talking abt waiting time... if there's a jam, den it's ok lah.. but when there's no jam, is there a need to send 2 buses of the same number tgt?Originally posted by Medicated Oil:They are all in cahoots.
No one can stop the price increase as they are the same bunch of blood suckers and leeches.
With the "empty promises" of service improvement, the closeness of the passengers (packed buses and MRT at all times) and the expanded waiting times are seriously improved.
So, whatever reason given by the leeches will definitely be approved.
For the stupid peasants, prepare to bleed.
i tink the transport company outta teach their conductors to know the traffic well enuff to not waste time.
there are notices dat tells u a certain bus arrives every 15 mins, but u wait for it for 30mins everyday. reason? service?
and wad happened to the NO EATING/DRINKING rule?
CCTV has been installed in some buses, but ppl still eat n drink n even litter all over with food n drinks. yet, the conductor dun do anything. reason for the CCTVs to be there? for show? -
poor??Originally posted by bigmouthjoe:Can't you guys see they are increasing the fares to help the poor? They also want to help the poor...
Frankly speaking I am sick and tired. Singaporeans... what are you all going to do about it? Can you guys even do anything about it?
I DOUBT SO.
come on lah... poor... dun make me laff... -
wad to do...Originally posted by Rock^Star:How long and how much more do Singaporeans have to put up with this?
ppl now drive mah..more cars.. meaning it's a threat to the public transport service mah...
aiyah... all eat shyt and die lah... talk so much... nnbz... -
Sep 11, 2007
Bus fares to go up by 1 to 2 cents from Oct 1
By Christopher Tan
BUS fares will go up by one to two cents from Oct 1, the Public Transport Council announced on Tuesday.
But there will be no increase in train fares.
The Council said in August that transport operators SBS Transit and SMRT Corp had applied for fare increases - an annual revision exercise governed by a set formula.
This year, the formula caps fare rises at 1.8 per cent - or around three cents per ride.
The last fare increase was in October last year, when costs went up by one to three cents per ride.
Back then, the operators blamed high costs - in particular the high price of fuel and manpower - for the need to raise their fares. They are citing the same reasons this time.
SBS Transit, part of the ComfortDelGro group, for instance, said their costs have gone up significantly.
"Energy costs, for example, rose by 20 per cent or $20.3 million last year - having already increased by 41.2 per cent in 2005," SBS Transit spokesman Tammy Tan said.
"Manpower costs, the company's largest cost component, also increased by about $12.1 million during the year."
SBS also pointed out that it had invested heavily in buses as well as commuter services.
It spent $135 million on new buses in the past two years. And it has rolled out an online bus arrival system, which helps commuters to plan their journeys better.
Lower SMRT earnings
SMRT pointed out that the increase in the goods and services tax as well as the 1.5 percentage point rise in employers' CPF contributions will pull down its earnings by about $11 million a year.
It said the fare increase, if kept to this year's cap of 1.8 per cent, would only partially offset the company's total cost increases.
SBS is proposing to keep children and school student fares as well as concession pass charges unchanged.
SMRT has also said it will not raise fares for children and students, and all bus cash fares.
SMRT is also waiving any increase to the first fare band of its MRT single-trip ticket, which costs 90 cents. It added that it would extend its senior citizen concession hours to match SBS'.
Schemes to help the poor
Both operators said they would come up with schemes to help the poor cope with any fare rise.
The Consumers Association of Singapore (Case) is not entirely convinced that a fare hike is in order.
Case executive director Seah Seng Choon has pointed out that transport companies are enjoying "good returns." For instance, SMRT achieved a 39 per cent rise in net earnings to $37.94 million in the first quarter.
"'With such significant increase in net earnings, commuters would certainly expect it to show clear justifications for any need to hike fares at this point in time,' he said.
Copyright © 2007 Singapore Press Holdings Ltd. Co. Regn No. 198402868E -
do they have a back log or minutes to their HUGE meeting??Originally posted by ^tamago^:The last fare increase was in October last year, when costs went up by one to three cents per ride. -
tell me what's news?? The best excuse given by our ruling party is that profit must commensurate with their assets ... although the Company is making money, they can still raise fare because they have hugh assets and in proportion, they should earn much more ... that's why they keep buying new fleets and adding new useless thing for the consumer, whether useful or not is inmaterial, what is important is they got reason to raise fare ...
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Made profits yet increase fare. For any increase, first thing that comes to mind is public debt too high, 100.6% of GDP.
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It is pretty obvious as the poodles in the Peasant-To-Cheat are doing a pretty excellent job again.
That is why the chairman got his dog medal for being such a excellent lackey.
The peasants can forget about complaining the price hike or increase.
Cos they will be leech to feed the future generation of the elites and poodles.
Dun forget the poodles need the stupid peasants money to paid for the school fee of Lt Li and Miss Weee. -
is it because i pointed it out here? o.OOriginally posted by ^tamago^:SMRT is also waiving any increase to the first fare band of its MRT single-trip ticket, which costs 90 cents. It added that it would extend its senior citizen concession hours to match SBS'.
http://www.sgforums.com/?action=thread_display&thread_id=276031
btw....SMRT tio pwnz lah...MRT cannot upp fare..only got bus. -
There is not going to be any stop to it for the gahmen and th PTC have insatiable appetite for greed and money.Originally posted by aHGer^83:was there a "service" in the 1st place?
besides having the bus-conductor to drive us ard....
and.. i tot they just INCREASED the price from July due to GST increase?
Despite the yearly increase, the buses take long to arrive especially over the weekends. Thus I would say that fare hike is not justified.