public service? the answer is simple, they need to be profitable so that they can attract
talented to the job. these talented one dont come from local, some come from across the causeway.
Remember the frog story that was often quoted in public speeches? Heat it up slowly, let it struggle, by the time it got used to it, its already cooked.
We are but some sumptous frog legs to be served on a dinner platter.
Last edited by contaxable; 2nd August 2007 at 12:01 PM.
post here is of little use
soon.. we will be like Japan where a train trip can cost as much as ten of dollars.
that train can go heaven loh...
Last edited by raincool2005; 2nd August 2007 at 12:05 PM.
But then think from another perspective, say our transport companies changed from privatized to government owned. No profits involved. We should have cheaper fares right? Wrong, mainly because government owned enterprises have no incentive to cut cost or improve service. They would probably just do the minimum to get their funding and we, as commuters would probably pay more for less.
The profit debate has been ongoing for public services over many countries for ages. Ultimately, while it sucks that our transport system is not perfect and all, it may be worst. Allowing it to be privately owned gives the owners incentive to maximize profit and cut cost, hence lowering fares in the long run. Now, being a duopoly, the government has to stop rampant fare increases and profit taking by imposing price ceilings and service levels to adhere to.
IMHO, the lessor of 2 evils. Of course, the big gainer is the body that collects the tax go figure..
anyway to keep things in perspective...
if you look at SBS Transit's income statement for 2006...
their turnover was about $612m. Increasing fares by 1.5% means their revenue increases by
they expect their staff costs to increase by about $10m, fuel costs to increase by 20% - 25% which is about $24m to $30 m (and considering that oil futures just hit a record high this week). so they expect their costs this year to increase by at least $35m.
So revenue increase by at most $10m while costs increase by at least $35m
remember the money u got from #$%^&...credited to your bank......time to recoup them back from the common folks
Confirm increase lor
Wait 3 yrs later ... GST turn to 9% .. Thank to those who believe them ...
Anyway.. complain also no use liao ..confirm want to makan yr money only ..
Canon User Since SLR 888
Owner of 5D mark III
how come everyone only complain about the costs, never complain about the fruits of the economy ie. property yield, stock markets, highest starting pay for fresh grads in so many years...
always the Light, .... always.
1) being enbloced and becoming instant millionaires
2) Are not actively involved in playing the stock markets
3) Are not fresh grads and hence highest starting pay doesnt affect us
Hence the reasons you gave for celebrating dont affect us in anyway
However we are
1) Not getting pay increases despite what the papers say
2) Having to cope with constant increases in prices of everything despite our pay remaining the same
3) Having to cope with increases of daily necessities related to GST of 7 percent
4) Having no money to buy car, no money to take taxi and yet every year have to content with increase in Public Transport fees when they are making high profits each year.
Maybe that is why we complain.....