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PTC announces fare review/increase!


Darthrevan
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you already save $30 from taking the bus, how you save from the train ride if you are not taking?   [laugh]  [laugh]

 

go by bus

 

return by train

 

:D

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give carrot, take papaya ... [laugh]

give carrot to peasants on public, take papaya from elites on private transport

 

 

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This reduction reflects that our Govt is caring and understands the needs of people using mass public transportation. [thumbsup]

 

It also gives people the chance to control their expenses better before the recession.

Edited by Weez911
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give carrot to peasants on public, take papaya from elites on private transport

 

ð

Received a letter stating season parking going to increase from 1st December. Increase by whopping 13 plus dollars per month.
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Received a letter stating season parking going to increase from 1st December. Increase by whopping 13 plus dollars per month.

this is just the beginning

URA also reducing the car park lots GFA that building can build ... parking fees heading HK standard but HK no have COE [mad]

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this is just the beginning

URA also reducing the car park lots GFA that building can build ... parking fees heading HK standard but HK no have COE [mad]

Come to think of it..is OK. Just rant here only. Hahaha If money from increase fee put into good use and for the benefit of reduciig cost for public transport than most members here wont mind.
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this is the blanket statement that ah gong like to use

i see several upgrades projects before and after election

senior corner still sibei good condition ... refresh

kid playground sibei good condition ... refresh

cover walkway also refresh

paint still looks good ... refresh

1 word ... money flow like running tap water

1 day we will accept $800k dustbin actually sibei cheap ...

 

Come to think of it..is OK. Just rant here only. Hahaha If money from increase fee put into good use and for the benefit of reduciig cost for public transport than most members here wont mind.

 

Edited by Wt_know
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Thought they just review the fare? As usual they like to compare others with lower and worse things. But they never compare those who are better de?! Lol.

They did decrease recently
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Everytime they give some kinda statement it make things all the more complicated. To begin with they already have some formula.

https://www.ptc.gov.sg/regulation/annualFareReviewProcess.htm

 

Fare Formula = Price Index - 0.5%

 

Where

 

Price Index = 0.4cCPI + 0.4WI + 0.2EI

 

cCPI:  Change in core Consumer Price Index over preceding year

 

Wage Index (WI):  Change in Average Monthly Earnings (Annual National Average) over the preceding year, adjusted to account for any change in the employer’s CPF contribution rate

 

Energy Index (EI):  Change in Energy Index which is a composite of cost changes in electricity and diesel

 

0.5% = Productivity extraction set for 2013 to 2017

While the formula gives the allowable fare adjustment quantum, PTC may vary the quantum to be granted at each fare review exercise, or defer it to the next exercise.

 

Which makes you wonder why they even bother to go thru it when they will decide the outcome at the end of the day?

 

d16da3662966767f09cacf81867c5d27.jpg

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lowest fare... highest break down rate... sounds fair.. 

 

want to raise fare? drop the break down rate...   simple logic.. 

The logic of raising fares doesnt consider the breakdown rate de.

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Thought they just review the fare? As usual they like to compare others with lower and worse things. But they never compare those who are better de?! Lol.

Means maybe after president election, the fare most likely increase. They give early warning lao.. Saying that public transport is cheap compared to other countries..

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