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Bus fares to go up from Oct1

thats y they becum fatter and fatter then 1 day their blood vessel burst in another round of meeting for hikes....btw,wonder y singapore casket nvr list their company...sure make $$...cos everyday got ppl die...

 

haiz...those bunch of fellows all have cars...maybe subsidies some more....plus full loaded of perks..... they wont care about that few cents.... best of all the co make $ yearly.... they just work for share holder...only so sad......

 

this bloody PTC head-that fat pig...getting fatter and fatter so he cant take bus dun know abt the hardship of fare increment...so say wat compare to other countries the fares still lower...y all this ppl always like to compare apple wif durians?

 

Well, Pinnacle you deserve your no pay raise. I also deserve it. Because we are no talent compare to our talented ministers who got a big fat raise this year. Who said meritocracy does not work? Don't blame it on the economy because economy doing so well and lots of people got good jobs and good pay. If I don't, it just mean I am not talented enough and deserve low pay and I should be content when compare to people in unstable countries like Iraq and etc.

 

ERP goes up, more gantry also.

Now fare for public transport also goes up.

Only our salary and share not going up.

 

 

Listed public transport operators (PTOs) SMRT Corp and SBS Transit have succeeded in their application to raise bus fares but not train charges. Bus fares will go up by one to two cents from Oct 1 after the Public Transport Council (PTC) approved a 1.8 per cent increase, but train fares will remain unchanged. The PTC said the majority of commuters will see no increase or a small increase. It said 52 per cent of all public transport trips by bus and rail will see no increase. But for 10 per cent, there will be a rise of one cent, while the remaining 38 per cent will see an increase of two cents. In August 2007, SMRT and SBS Transit - which is part of the ComfortDelgro group - had applied to the PTC to increase bus and rail fares. The council approved an overall fare increase of 1.8 per cent for adult EZ-link bus fares, but no rise for rail fares this year, after taking into account the fare adjustment cap formula introduced in 2005.

Analyst Comments: The Public Transport Council (PTC) has approved an overall fare increase of 1.8% for bus fares starting 1 October 2007. In our opinion, an increment should have already been assumed by the market, given the robust state of the economy.  

Fare increment in the previous 2 years was as follows:

		Average % increase Remarks 

1 Oct 2006 	1.7%	For both Rail and Bus fares 

1 July 2005 	2.4%	For both Rail and Bus fares