SBS Transit, SMRT apply for fare increases

Get a life! They always give excuses to increase the Fare price. Even when the World Oil prices dropped, they never dropped the fare prices. The price increase 10-30 cents, when there is a discount , it is usually 1-2 cents. Why don't you just say it out that you want profits?

Finally...... expected

Rise again...expected..
Tell me how is enough for you (SMRT)?
Are you making any profit? If yes, why do you need to keep rising fare?
Pls do not tell us it is to change the uniform, services or buses..
Coz that is what you should do within the budget..and not impose your extra expenses on the consumers.

Correct me if i am wrong.

SMRT must be removed from public listing. This concept of shareholders is sheer nonsense. Who is competing with SMRT? No one. Who provided the cost of the network? The people. The SMRT should just break even. It should be considered one of Singapore's national assets for the people. Instead the nonsense we hear is that they must make profits for shareholders. At the citizen's expense. When Singaporeans were blinded by this IPO nonsense many years ago, they were led to believe by the govt that this was the best way forward. However, I wonder how many actually think this SMRT IPO is really beneficial to the public. I say someone should put a survey up to ask how many think we should delist the SMRT. Why should the SMRT CEO earn $1.8 m. The SMRT is no rocket science. There are many more complicated jobs in Singapore where the CEO really has to crack his brains. For the SMRT, the decision is simply whether to increase the number of trains, cut down interval to ensure people are better served, or to do the opposite and increase the profit. You decide what this CEO has been doing and clearly it is not to the benefit of Singaporeans. CEO SMRT pay should not be more than $0.5 m at most for a good civil servant to do. This is a public service job and I am sure there are many people in government service who would excel in this position without taxpayers footing the salary of the CEO. When will such nonsense stop in this country. No wonder fewer and fewer people are flying national flags. Why? How can you feel a sense of patriotism in this country when you are being robbed in plain sight. Where is the feeling that the government thinks about the citizens. Yes, the government claims it is looking at the big picture. But remember the small actions count and until the government gets its act together on things that truly benefit Singaporeans at the street level, I am afraid this country is truly becoming Singapore Inc.

Easy solution:

Cut the MRT & SBS CEO salary by 60%

The lady CEO of SMRT salary for year 2010 was something like $1.8 million. What so difficult to run these company?

Other countries like Japan, England and even Hong kong run their transport system at a loss!

Here, even public transport company want to make big profit so that all management high pay is justified! Easy right, just increase the fare!

Bloody hell, electrical tariff up, COE up, now public transport up, everything going north, our salary going south. After GE, evrything going up. Sian.

here we go again guys, barely two months after GE and it's back to the same tricks again. all those that did not vote to make a difference last time, this is wat you get. broken empty promises. enjoy!

GE over liao... our daily necessities keep increasing... everything no revise but increase and increase... enough is enough, keep talking and avoiding main issues and no action, did the government really CARE for our living... GE 2016, WP, stand up for Singapore, SINGAPOREANS.

who is our transport minister by the way ? is he being paid ? Y is our transport going up again , i can understand high COE but not high fuel price since our S$ had appreciated so much against US$ ,i wonder if the US$ now is $1.70 , how much will our fuel price cost ,PUB bill for household , transport, and household items etc cost. Really wonder who is exactly making our money .Come on serve your people well irregardless who they vote , we are one singapore ! everyone is fair in these country isn't that so !

SMRT mention how is MUCH $ is being spent on this and that...this and so on . .
but for so many years . . . they never grumble on how MUCH $ they made

Oh my...these guys are at it again!

Look at the formula guys......
It's all there...
*shakes head*

first PUB Bills , now public transport fares , wats next? GST 10% ??

Now after General Election, everything in Singapore increases again and again.
SMRT increase price again!
Then it will be GST increase, then HDB prices increase, then Food prices increase, then everyother things increase, but only our PAY do not increase.

Then when I go ask the MP how they can help, all they say is they will try their best and no promise.
So how can poor people like us, who works like @#$% every day survive?

But what can the Government do to HELP?
I dont think there will be any HELP.
This is a very SAD SAD Singapore that we are currently living in.
What can we do? Who can HELP us? No One!

sigh....car is so expensive now due to coe and encourage to take public transport ..well now public transport fare is also keep going up...wat is the rational man........

How come there is no mention of the increase in ridership for MRT/buses? Would'nt the increased ridership more than offset the increased fuel/manpower costs, which are not variable costs? Come on, this is a volume business!

And how dare they mention the purchase of new buses as a justification to increase fares? These are investments, not costs! You never hear of SIA saying they need to increase air fares because they bought new planes, do you???

Another quote " "However, with uncontrollable cost increases due to rising fuel prices and manpower costs, we have applied for the maximum fare adjustment of 2.8 per cent, which if approved will help mitigate the cost increases," said Khoo."

So the formula uses the manpower cost (wage index) and rising fuel prices (CPI)

GENIUS!!!!

Quote: "The formula takes into account the consumer price index, wage index and productivity gains."

This is a formula for failure.
Strangely enough, I've never heard of the price for transport decreasing.
Also, aren't ener---- costs a function of the USDSGD exchange rate? (I always thought that's what oil/coal is priced in). And with USD at all time low, shouldn't the price of ener---- go down, rather than up?

Not pointing fingers here, but perhaps our power producers/suppliers are not working hard enough to hedge the inventories for oil/coal.

Same logic can be applied to petrol prices...thats another conundrum.

But back to the formula, CPI (the one that's published) consists of HOUSING and CAR prices as well. You do NOT buy new CAR or HOUSE every month. So the formula should be tweaked to use CORE CPI and not CPI.

And why do you use WAGE index? By using wage as a factor, you literally cause a endless cycle of fare increases, and rather than allowing Singaporeans to benefit from higher wages to increase lifestyle for the average commuting Singaporean, you get them to pay for higher transport costs.

Couple this with the fact of expats pay...
Well I must clap my hands here for the geniuses working at the ministries. Seems like they've employed a bunch of self-serving (I can't use the word here, but you can substitute whatever you want)

1) 'The formula takes into account the consumer price index, wage index and productivity gains.'

No riders' satisfaction index? Customers' need, expectations and satisfaction is not part of your decision making process?

2) '...with uncontrollable cost increases due to rising fuel prices and manpower costs, we have applied for the maximum fare adjustment of 2.8 per cent'

What happen when the fuel prices drop? It did happen you know!!!!!! When that happens, did you press your calculators again to adjust and lower the fair accordingly????????????

Hopefully it will be rejected.