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Thread: Another price hike - Taxi Fare

  1. #1

    Default Another price hike - Taxi Fare

    While some of the members are still kpkb about 30% water price hike, both PTC and LTA jointly announced on the taxi fare hike.

    http://www.channelnewsasia.com/news/...g/3603036.html

    MAS was very concerned for deflationary in Singapore for the last 2 years. Finally, it will head north with all these hikes.

  2. #2
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    Default Re: Another price hike - Taxi Fare

    The 30 vs 70 rule still applies....... 70℅ deserve what they asked for.......LL .......Majullah!!!!
    Nikomi Canpen Zenten :eek:
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    Default Re: Another price hike - Taxi Fare

    Pay up or else .......take a hike!!!
    Nikomi Canpen Zenten :eek:
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    Senior Member shierwin's Avatar
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    Default Re: Another price hike - Taxi Fare

    Last edited by shierwin; 19th March 2017 at 09:09 PM.

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    Default Re: Another price hike - Taxi Fare

    Have not taken a Cab for a long long time.... ita either Uber or Grab for me.... whichever is cheapest....

    Scuba & Father... For Life

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    Senior Member Sion's Avatar
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    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Jedi View Post
    While some of the members are still kpkb about 30% water price hike, both PTC and LTA jointly announced on the taxi fare hike.

    http://www.channelnewsasia.com/news/...g/3603036.html

    MAS was very concerned for deflationary in Singapore for the last 2 years. Finally, it will head north with all these hikes.
    It will have little or no effect on general public.

    Singapore is a small island. People can choose to walk.

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    Default Re: Another price hike - Taxi Fare

    .........sedikit sedikit, lama-lama jadi bukit ..............
    Nikomi Canpen Zenten :eek:
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    Senior Member Sion's Avatar
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    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Zenten View Post
    .........sedikit sedikit, lama-lama jadi bukit ..............
    .........sedikit sedikit, lama-lama boleh Orchard Towers ..............

    Do you own a red shirt?


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    Default Re: Another price hike - Taxi Fare

    Hey..... that not Orchard Towers.............oops.........
    Last edited by Zenten; 20th March 2017 at 03:33 PM.
    Nikomi Canpen Zenten :eek:
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    Default Re: Another price hike - Taxi Fare

    ,,,,,,,,, and people were wondering if he could survive his grand mal ....... he's back and coming after You ...... for your blood.
    Nikomi Canpen Zenten :eek:
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  11. #11
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    Default Re: Another price hike - Taxi Fare

    "Some causes for inflation:

    1. Bad governance: A government that thinks they can spend infinitely.
    2. Supply bottlenecks: Excessive rules or other impediments that prevent entrepreneurs from quickly increasing production.
    3. Global market trouble and supply shock: Such as middle east clashes.
    4. Rent seeking: Setting production quotas and other stupid stuff.


    You can have high growth without inflation. To do that you need to change the road. If the road is not slippery, you might be able to drive really fast without skidding a lot. In the same way, if you can improve infrastructure and work to remove the bottlenecks in production you might be able to manage high growth without inflation."
    Nikomi Canpen Zenten :eek:
    Not exactly 100% Natural but definitely the closest you can get to it

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    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Jedi View Post
    While some of the members are still kpkb about 30% water price hike, both PTC and LTA jointly announced on the taxi fare hike.

    http://www.channelnewsasia.com/news/...g/3603036.html

    MAS was very concerned for deflationary in Singapore for the last 2 years. Finally, it will head north with all these hikes.
    It's surge pricing which is not exactly a fare hike, just a way to smoothen supply and demand at different times. The current taxi surcharges was a previous attempt to accomodate supply and demand, but now it is done digitally like Uber and Grab. The existing metered fares have not changed.

    This is a farier and more practical system. When everybody wants a taxi at the same time, and there are not enough, then it is fair that the taxi driver can maximise his earnings by picking passengers who are willing to pay more. When demand is low, with more taxis than passengers, the passenger will select the lowest available.

    If it is too expensive, then take other available public transport. It may mean more time and less comfort but one has to decide between speed and comfort vs price and convenience.

    What's the point of taxis having the lowest fares but seldom available, like in the past before Uber and Grab?

  13. #13
    Moderator Octarine's Avatar
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    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by ziggy View Post
    This is a farier and more practical system. When everybody wants a taxi at the same time, and there are not enough, then it is fair that the taxi driver can maximise his earnings by picking passengers who are willing to pay more.
    Increasing prices in times of high demand (or shortage of supply) is also called profiteering. Do we want to have taxi rides being auctioned like eBay?
    I guess, there will be an short term spike when some taxi drivers try to make a fast one with this. Others won't follow, passengers will pick the cheaper taxis and it all returns to normal.
    EOS

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    Senior Member Nikonzen's Avatar
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    Default Re: Another price hike - Taxi Fare

    I used to take cabs everywhere everyday despite owning a bad to the bone car. I was single and childless back then. lol

    Price increases every where one looks. Next increase will be ministers pay. See how that works? Hahaha NOT funny.
    Last edited by Nikonzen; 21st March 2017 at 12:23 PM.
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    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Octarine View Post
    Increasing prices in times of high demand (or shortage of supply) is also called profiteering. Do we want to have taxi rides being auctioned like eBay?
    I guess, there will be an short term spike when some taxi drivers try to make a fast one with this. Others won't follow, passengers will pick the cheaper taxis and it all returns to normal.
    If more taxis are available during peak, the price will be lower. Uber and Grab have added more supply. If they continue to increase, price surge may become minimal.

  16. #16

    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Zenten View Post
    .........sedikit sedikit, lama-lama jadi bukit ..............
    sedikit sedikit lama-lama gagi masok laut

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    Default Re: Another price hike - Taxi Fare

    Sedikit sedikit lama lama .......rakyat Singapura mesti menjual bahagian belakang ......
    Nikomi Canpen Zenten :eek:
    Not exactly 100% Natural but definitely the closest you can get to it

  18. #18

    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Octarine View Post
    Increasing prices in times of high demand (or shortage of supply) is also called profiteering. Do we want to have taxi rides being auctioned like eBay?
    I guess, there will be an short term spike when some taxi drivers try to make a fast one with this. Others won't follow, passengers will pick the cheaper taxis and it all returns to normal.
    Hotel rates goes up and down based on supply and demand.
    Airline ticket price goes up and down based on supply and demand.
    Uber fares goes up and down based on supply and demand.
    Now Taxi fare also do the same thing.
    You call it profiteering, they call it maximize profit.

    Many people will benefit when the price are low.

    Now Taxi drivers don't dare to hide until midnight because their customers will be taken by their competitors.
    Last edited by Yutaka Go; 21st March 2017 at 11:58 PM.
    I eats, shoots & leaves

  19. #19

    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Yutaka Go View Post
    Hotel rates goes up and down based on supply and demand.
    Airline ticket price goes up and down based on supply and demand.
    Uber fares goes up and down based on supply and demand.
    Now Taxi fare also do the same thing.
    You call it profiteering, they call it maximize profit.

    Many people will benefit when the price are low.

    Now Taxi drivers don't dare to hide until midnight because their customers will be taken by their competitors.
    We have the airline and now we have the budget airline and also the budget Taxi another player!

  20. #20
    Moderator Octarine's Avatar
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    Default Re: Another price hike - Taxi Fare

    Quote Originally Posted by Yappy View Post
    We have the airline and now we have the budget airline and also the budget Taxi another player!
    Exactly, it only needs one player in the market that doesn't follow and targets those who want the cheaper ride home. The airlines invented 'Premium Economy', let's see how premium a taxi ride can become
    EOS

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