Originally posted by SMRT Buses:
[b]SBS Transit, SMRT ask to raise bus and train fares
SINGAPORE: Both SBS Transit and SMRT have applied to the Public Transport Council to raise bus and train fares.
The exact fare increment will be determined later, using a standard formula, in this annual fare revision exercise.
Energy costs have been a big drain on the two big public transport operators.
Both companies have quoted rises of between 20 and 26 percent in this area alone.
SBS Transit said manpower costs, its single largest cost component had also increased by about S$12 million during the year.
While SMRT said it would lose about S$11 million due to increases in GST and employer's CPF contributions.
In making their applications to the Public Transport Council, both companies said they would not touch concession fares.
SMRT added that it would be asking for small increases in EZ-Link fares for buses, adult train EZ-link fares and longer single-trip train journeys.
This year's increment formula, which is linked to the performance of Singapore's economy, is capped at 1.8 percent, slightly higher than last year's 1.7 percent.
The formula was devised to ensure that there are small and regular increases, instead of big jumps every few years.
Both transport operators said they are mindful of how fare increases affect the lower income, so they would be considering funding schemes to offset the impact on any hike.
Separately, the government has announced that S$10 million has been set aside to help the needy cope with fare increases over three years.
The fare changes, if accepted by the Public Transport Council, will be announced next month and will kick in by October.
- CNA/so[/b]
they know how it will affect the lower income groups and yet they still increase. the govt $10 mil can help needy which i think come from the GST. but how many people are able to enjoy the benefit? income lower than 1.5k? what about people who income are 1.6k? or people which income of 2k but got 3 or 4 children? they can't even apply for help.
what about after 3 years, what happen? remember that they said " The formula was devised to ensure that there are small and
regular increases , instead of big jumps every few years". meaning every year they are going to increase and they are god damn sure that it is going to get approve. what the hell are our highly pay ministers doing? oops, i forgot that they get a share with the increase and therefore there won't be any objection. Questions: Is our govt really care for their people? I think no.
To be a good leader of a country, one shall never tax heavily on their citizens. if the govt are really good to their people, they dun even have to worry when election come and dun have to waste money buying votes.