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Thread: Public transport fare hike

  1. #41
    Member Bukitimah's Avatar
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    Quote Originally Posted by keithwee View Post
    Actually it's all summed up as: 1. 'Public' transport operators must make decent profits as they are listed companies. (Ya , very logical) 2. Govt works hard to NOT have to invest in them, but if they have to, yes - your taxes goes in for the spanking new bus etc. Don't worry , if they do badly , govt will fine them and keep the money for future 'investments'. 3. They are working very hard to convince everyone that : yes , there are price increases , but it's all manageable and instead of supposed $x , we r only increasing half of $x. Psychologically it's cute, imagine in 2015 govt says we have to up GST to 10% , people lobby like siao and end up they say ok ok , u win 8.5% instead. Some will be relieved but who's the real winner? 4. Someone has to pay for all these, if the government isn't willing , obviously the people do. Look at the taxi market , it's all screwed For me, I'm in category where fares are going to be increased (adult full fare) but when it's a public good worked like a profit maximizing good, this is life. I'm just at least glad from my misery , the poly students , disable and needy get some form of rebates.
    Bro, Ah Pek do t quite agree hor

    1) this one monopoly hor. Tax payers build infrastructure they make money. Not right leh. Limit to fixed income for the company. If they don't want let others run.

    2) fines are operating cost and back to consumers after looking at P&L. Same equation. Sure makan business where to find?

    3) everybody knows cost of living will go up due to inflation. Nobody will be willing to contribute to selected people for profit. I can decide not to buy a certain brand if I find their profit margin is too high but I need to take that bus or train because I don't have a choice.

    4) like education, medical, housing, etc. transportation are basic necessity the government need to support. Even today, aren't the government subsidIzing them?

    We have made many people millionaire but forgotten those that build this country. Time to reflect.

  2. #42
    Moderator keithwee's Avatar
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    Quote Originally Posted by Bukitimah View Post
    Bro, Ah Pek do t quite agree hor 1) this one monopoly hor. Tax payers build infrastructure they make money. Not right leh. Limit to fixed income for the company. If they don't want let others run. 2) fines are operating cost and back to consumers after looking at P&L. Same equation. Sure makan business where to find? 3) everybody knows cost of living will go up due to inflation. Nobody will be willing to contribute to selected people for profit. I can decide not to buy a certain brand if I find their profit margin is too high but I need to take that bus or train because I don't have a choice. 4) like education, medical, housing, etc. transportation are basic necessity the government need to support. Even today, aren't the government subsidIzing them? We have made many people millionaire but forgotten those that build this country. Time to reflect.
    Bro ,

    Agree very much with your 1st & last point.

    As a public good , transport shouldn't be a profit motivated monopoly. Monopoly I can accept
    If argument SG too small to support more carriers but a profit motivated listed company that's a monopoly , hmmm ....

    Well, SG had been run like a corporation and it's only recently that the leaders have started to look for conscience.

    Last point : yes , we do have to reflect on this as a society.

    I felt disgust when I read the ST article on the lack of full time MPs. The writer had made it sound like $16k per month isn't enough to encourage these 'talents' to do MP-ship full time. Looking at the opposition MPs, all I can say is that they may not be perfect but they do embody that political service should be a form of servant leadership & sacrifice.

  3. #43
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    Default Re: Public transport fare hike

    I wished LTA will stop fining SMRT for the MRT delays for 2014. "Toolong, toolong....."
    http://ride.asiaone.com/news/general...ning-rush-hour

  4. #44

    Default Re: Public transport fare hike

    is it fair we are paying for this?

    http://ride.asiaone.com/news/general...ning-rush-hour

  5. #45

    Default Re: Public transport fare hike

    Quote Originally Posted by Jedi View Post
    Congratulations! SMRT share price rallied after the PTC announcement. Investors as well as shareholders must be very happy now.
    Thanks. Some of guys here made a killing, >0.5mth celery in a few hours. All trades took place within the day, so this let some of them buy and sell way larger than what their bank account would have otherwise permitted.

  6. #46

    Default Re: Public transport fare hike

    Quote Originally Posted by Bukitimah View Post
    3) Nobody will be willing to contribute to selected people for profit.

    Dude, why?

    Do you know who is the biggest shareholder of smrt?
    Do you know the share price dropped by ~40% since its peak in 2011?
    Do you know dividends correspondingly dropped by ~70%?
    Do you want the citizens to have their retirement age and cpf minimum sum raised?

  7. #47

    Default Re: Public transport fare hike

    Quote Originally Posted by ArchRival View Post
    Do you want the citizens to have their retirement age and cpf minimum sum raised?
    Oh no no no......
    http://business.asiaone.com/news/rai...-lim-boon-heng

  8. #48

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    Quote Originally Posted by ArchRival View Post
    No lah.. make it 100.

  9. #49
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    Quote Originally Posted by ArchRival View Post
    Wah lao eh. I dont like 2014 at all. This is going to be the year that all the harsh policies will be set. Then next 2 years to pacify the voters and make them forget.

    When the news report, it will happen. This is just giving you the heads up. What this means is your cpf will lock in longer.
    Last edited by ManWearPants; 20th January 2014 at 05:22 PM.

  10. #50
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    Quote Originally Posted by ArchRival View Post
    Dude, why? Do you know who is the biggest shareholder of smrt? Do you know the share price dropped by ~40% since its peak in 2011? Do you know dividends correspondingly dropped by ~70%? Do you want the citizens to have their retirement age and cpf minimum sum raised?
    If you have bought SMRT shares, you should be happy because up till now, you are guaranty of profit. Better than fixed deposit, where to find. In the first place, it should be a fixed dividend fund so that commuters will not be suck dry when investors want more. Till we have many players fighting for the pie, like the fast food chain, then shareholders can decide the fare increase. Haha

  11. #51
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    Default Re: Public transport fare hike

    Fare hike nvm, still got $120 pass, crazy people who wants more $. Today break down, a lot of people also not happy liao. Should organize a walk to work on 1st April for showing them, who are the bosses! haha!
    Only Sony device mostly, haha!

  12. #52
    Senior Member Halfmoon's Avatar
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    Quote Originally Posted by ManWearPants View Post

    Wah lao eh. I dont like 2014 at all. This is going to be the year that all the harsh policies will be set. Then next 2 years to pacify the voters and make them forget.

    When the news report, it will happen. This is just giving you the heads up. What this means is your cpf will lock in longer.
    I hope this time..... they remember it well.....
    Art is perception; Perception is art.

  13. #53

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    Quote Originally Posted by ricohflex View Post

    Gerard Ee still has a heart.

    It would have been a disaster if some one else was to head the PTC committee. People who conjure up COE, ERP, allow evil shoe-box condo units etc.....
    So true...

  14. #54
    Senior Member Halfmoon's Avatar
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    Quote Originally Posted by White Wolf View Post

    So true...
    If he is from the system, he will follow the system.
    Art is perception; Perception is art.

  15. #55

    Default Re: Public transport fare hike

    Most don't mind the fare increase if they do the same for the senior folks as they offer the disabled.

  16. #56
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    Quote Originally Posted by BBTM View Post
    Fare hike nvm, still got $120 pass, crazy people who wants more $. Today break down, a lot of people also not happy liao. Should organize a walk to work on 1st April for showing them, who are the bosses! haha!
    U must "thank" those who supported the white camp during the previous GE for this "help" in public transport.

  17. #57
    Senior Member Kit's Avatar
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    Default Re: Public transport fare hike

    Companies must get their mission and priorities right. Is paying dividends to shareholders more important to serving the commuters? If listing a company means a decline in service standard, delist the company then. Of course, this is a big ask. Afterall, who would listen to others when $$$ scream the loudest?

  18. #58

    Default Re: Public transport fare hike

    Quote Originally Posted by Exposure View Post
    No lah.. make it 100.
    You asked for it, you got it.
    http://news.asiaone.com/news/singapo...age?page=0%2C0

  19. #59

  20. #60

    Default Re: Public transport fare hike

    Any comments from 'insider' ? Is this really due to poor maintenance ?

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