we must help our public transport operators to maintain its ranking as a world class system. how can u all demand lower fares, wait ranking slip how?!
tooo bad its monopolized you get it???
I believe, they are the one who started the "World Class" thing in SG.
Anyway, S'porean has been complaining this issue for many years about the public transport fare keep increasing even though the said companies are making good profits.
No point making complains here. Either you show them who is the boss every 4-5 years (Electxxx time), or keep yourself invested in these companies.
Last edited by scanner; 18th December 2008 at 10:11 AM.
Even the PTC is wif them..can suka suka tweak the formula to justify a fare hike..
If u say high wages..that's very wrong..they started employing younger generation as bus captains, and most of them come from our neighbour country and even china..u think these people draw high pay?? Quality of service..has not shown much improvement either.
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With prices of oil increase, fares are hiked. When prices of crude oil plunged, they will just enjoy better profits. With the enormous profits, they can look at compensating staff better and giving investor more money.
Also, do note that the staff working for this company need annual wage increment. The cost had been escalating over the past decade. These workers need to be well paid. And so do the shareholders of a greater company.
Depreciation of equipment, cost of expansion with the various circle links are also expensive. So, it is true that what goes up is hard to come down. Money liberates human wants.
As for the circle links, it is initialed by the government, construction and other miscellaneous costs are paid by the government therefore these commercial companies investment are minimized.
True enough, their main cost/expanses will come from depreciation of equipments, operation cost and etc. But then, their profit outshine their cost by a substantial amount.
However, with the introduction of additional routes, it can only mean additional returns.
Don't forget, with the influx of more FT, together with more S'prean are now taking public transport, these will contribute to further increase in revenue.
Oh not forgetting to mention the extra income generating from the rental of their premises to retailers. Its a cash cow business. I love their business model.
The new biz model is well thought of but the execution is still short of being good. Look at the tenant mix and quality of stalls at the mrt. it really is a mess if you are in the retailing trade. Most mall management just had a good laugh at mrt shops management.
in the light of creating jobs, it certainly helps the economy. but dont forget, there are only so many consumers out there who are willing to spend. That $10 note on consumers' hand is big.
As for injecting FT to hit 7mil population, do not be too hopeful it will be realised. Times are bad. Really bad from Q2 of 2009. If by 2010 we do not recover..... some really drastic measures will be effected.
just pray for price doesnt rise anymore, forget abt coming down (personally it will be close to impossible).
btw salary shd not be adjusted to with movement of oil price unless you are taxi driver or bus owner or other business which related to transportation and have to pay your own gas which will affect your income.
Life is like Photography, to improve, you have to keep shooting!
However, looking at the S'pore population stats, (according to News report):
Total population: 4.85 million
Biggest population increase per annual since 1871: 5.5%
% of foreigners increase since last year: 19%
Working Permit Holders: 757,000
Employment Pass Holder: 143,000
Student Pass: 85,000
Total Population: 4.85 million
Current foreigners in Singapore: 1.2 million
Local citizen: 3.65 million
Total percentage occupied by foreigners in Singapore: 32%
Figures shows that the customer base for the public transport have grown substantially during 2007to 2008!
I've no comments on the quality of stalls at the MRT stations whether they are good or bad. However, I believe the main concern is whether they can generate more revenue from the rental.
Last edited by scanner; 18th December 2008 at 12:20 PM.
They hire cheapo cheapo china guys as bus captains. One time, i boarded this bus...asked about my destination. But sad, this very young guy can only speak chinese, and so, didnt understand what i asking.
Is this what they call "World Class SERVICE?"
In term of service quality in Taxi industry, only 50% of taxi drivers will come down and help loading ur luggages into back trunk. The rest takes their duty as driving down to ur destination only.
Again, Is this what they call "World Class SERVICE?"
Again, ur just pointing out operating costs which may seem big unless u compare with bigger profit that they get in return. Then costs will become peanut.
Again, Revenue Vs Costs. The latter becomes peanut.
also the bosses cant see how crowded the public transport can be cos they got they own "world class" (most likely) 4-wheels, that is never crowded!
Seems like a lot of people still do not understand the underlying principles.
1) Our transport is already heavily subsidized.
2) The transport companies are making a loss.
Hope you all can align with it.
Last edited by Silence Sky; 18th December 2008 at 10:30 PM.