The relentless rising cost of living in Singapore

[No933MW]

Originally Posted by DisGraceFool

even the government stepping in to help with the transport network the mrt system still breakdown or even become worse .

this is the reason why the MRT become worse

[nitecrawllerr]

Originally Posted by kuasimi

https://www.channelnewsasia.com/news...-khaw-10020252


Cheap public transport fares popular but 'not sustainable': Khaw Boon Wan

But his million dollar pay cheq is sustainable!

When will this kbw swim back to Pulau Pinang?

[Juled Verne]

Originally Posted by nitecrawllerr

But his million dollar pay cheq is sustainable!

When will this kbw swim back to Pulau Pinang?

With such good pay and benefits you think he will go back ?

[TanKeeChiu]

Originally Posted by ibanezjem555

Bcos once White Monkeys lose power, all will be exposed like AIM, HoJinx eternal appointment at Temasek, PA. That's why they so scared go n hunt down nay-sayers.

Better for them to put more effort in questioning Keppel fiasco than trying to fix Sylvia.. shows what type of maddogs n madbitches they are..

I wonder if they will really lose power one day ?

[yongzong]

Originally Posted by TanKeeChiu

I wonder if they will really lose power one day ?

That cheebye KeeChiu going to be the next PM , you think leh ?

[Messi55]

Originally Posted by Juled Verne

With such good pay and benefits you think he will go back ?

When the pappies lose power , he will go back .

[ibanezjem555]

All dynasties will fall one day. The aim of dowagers and eunuchs is not to have it fell within their lifetime so that their misdeeds will not be exposed.

[Shanmoogan]

I wonder if the 70% of Singaporeans have opened their eyes or not or are all of them very rich and can afford to pay all the price increases ?

[haytaiCarlos2]

Originally Posted by Shanmoogan

I wonder if the 70% of Singaporeans have opened their eyes or not or are all of them very rich and can afford to pay all the price increases ?

I'm wondering too .

[SiaSuay]

Originally Posted by ibanezjem555

All dynasties will fall one day. The aim of dowagers and eunuchs is not to have it fell within their lifetime so that their misdeeds will not be exposed.

What is hidden once in the dark it will be exposed in the light . Heaven is watching.

[kuasimi]

Originally Posted by nitecrawllerr

But his million dollar pay cheq is sustainable!

When will this kbw swim back to Pulau Pinang?

https://www.theonlinecitizen.com/201...-higher-fares/





PTC Chairman: Commuters spoken to were “quite happy to bear higher fares”


During Parliamentary debates in early March (7 Mar), Transport Minister Khaw Boon Wan said that the fare formula for public transport is being reviewed in view of the upcoming infrastructure upgrades.

He noted that the current formula is "inadequate" and the Public Transport Council (PTC) is reviewing it to take into account of "total costs", saying, "I am confident that they can work out a fair and sustainable arrangement. Please support the PTC when they make their recommendations."

This is despite that $5 billion of the current huge budget surplus would be set aside for a Rail Infrastructure Fund "which will benefit all MRT commuters".

New PAP MP Cheng Li Hui also took the opportunity to criticise PTC for lowering the transport fares in recent years.

She said, "The additional operating cost was clearly not captured in our current fare formula setup as a result, operating cost has increased drastically while fares have lagged behind a for the last few years. This needs to be urgently addressed for a more sustainable public transport system and to prevent increasing burden on taxpayers."

"Given that operating costs have increased drastically, it is surprising to see the Public Transport Council has granted three consecutive fare decreases," she added.

Minister Khaw agreed with her wholeheartedly in Parliament. "I agree with Ms Cheng Li Hui that the current formula is inadequate," he said. "It can be improved to better track total costs."

PTC responds

Following the Parliamentary debates, PTC on Thursday (22 Mar) now said that it will be revising its fare formula to “keep pace with changes in the public transport industry’s cost structure”.

PTC chairman Richard Magnus said, "This is critical in ensuring the long-term financial sustainability, ease and seamlessness of our public transport network."

He said that the annual transport operating costs had increased by $900 million between 2012 and 2016 while the annual fare revenue rose by around $230 million, which covered only about 25 per cent of the annual operating costs.

Asked if public transport fares would increase, Magnus said, "I’ll tell you that I don’t know".

But he said PTC had found that there was an "expectation on the ground" that transport fares will be increased. He added that commuters spoken to were "quite happy to bear higher fares" as they recognise the cost of improving the transport network, reported Yahoo News.

It's not known how many commuters the PTC had spoken to.

The PTC, an independent body that regulates public transport fares, conducts regular reviews of its fare formula – typically done once every five years. The formula then becomes the basis for deliberation for the PTC’s annual fare review exercise.

In Feb this year, PTC reported that 94.5 percent of Singapore commuters are satisfied with public transport as found in its annual Public Transport Customer Satisfaction Survey (PTCSS) in October 2017, conducted across 22 train stations and 25 bus stations/bus stops.

[lurpsexx]

Originally Posted by kuasimi

https://www.theonlinecitizen.com/201...-higher-fares/





PTC Chairman: Commuters spoken to were “quite happy to bear higher fares”


During Parliamentary debates in early March (7 Mar), Transport Minister Khaw Boon Wan said that the fare formula for public transport is being reviewed in view of the upcoming infrastructure upgrades.

He noted that the current formula is "inadequate" and the Public Transport Council (PTC) is reviewing it to take into account of "total costs", saying, "I am confident that they can work out a fair and sustainable arrangement. Please support the PTC when they make their recommendations."

This is despite that $5 billion of the current huge budget surplus would be set aside for a Rail Infrastructure Fund "which will benefit all MRT commuters".

New PAP MP Cheng Li Hui also took the opportunity to criticise PTC for lowering the transport fares in recent years.

She said, "The additional operating cost was clearly not captured in our current fare formula setup as a result, operating cost has increased drastically while fares have lagged behind a for the last few years. This needs to be urgently addressed for a more sustainable public transport system and to prevent increasing burden on taxpayers."

"Given that operating costs have increased drastically, it is surprising to see the Public Transport Council has granted three consecutive fare decreases," she added.

Minister Khaw agreed with her wholeheartedly in Parliament. "I agree with Ms Cheng Li Hui that the current formula is inadequate," he said. "It can be improved to better track total costs."

PTC responds

Following the Parliamentary debates, PTC on Thursday (22 Mar) now said that it will be revising its fare formula to “keep pace with changes in the public transport industry’s cost structure”.

PTC chairman Richard Magnus said, "This is critical in ensuring the long-term financial sustainability, ease and seamlessness of our public transport network."

He said that the annual transport operating costs had increased by $900 million between 2012 and 2016 while the annual fare revenue rose by around $230 million, which covered only about 25 per cent of the annual operating costs.

Asked if public transport fares would increase, Magnus said, "I’ll tell you that I don’t know".

But he said PTC had found that there was an "expectation on the ground" that transport fares will be increased. He added that commuters spoken to were "quite happy to bear higher fares" as they recognise the cost of improving the transport network, reported Yahoo News.

It's not known how many commuters the PTC had spoken to.

The PTC, an independent body that regulates public transport fares, conducts regular reviews of its fare formula – typically done once every five years. The formula then becomes the basis for deliberation for the PTC’s annual fare review exercise.

In Feb this year, PTC reported that 94.5 percent of Singapore commuters are satisfied with public transport as found in its annual Public Transport Customer Satisfaction Survey (PTCSS) in October 2017, conducted across 22 train stations and 25 bus

Guess who's on the PTC? MOSTLY from govt bodies, grassroots orgn, n cos with link to govt.. u say leh? Who'll bite the hand that appointed them to PTC? The MP wayang scold PTC for the fare decease, is just smoke screen to give some needed credibility to the work of the PTC, who r nothing but rubber stamping body of fare increases for the papzi..

https://www.ptc.gov.sg/about/council-members

[DisGraceFool]

It really is such a big disgrace to see his children fighting among themselves.

[Susanne]

Originally Posted by lurpsexx

Guess who's on the PTC? MOSTLY from govt bodies, grassroots orgn, n cos with link to govt.. u say leh? Who'll bite the hand that appointed them to PTC? The MP wayang scold PTC for the fare decease, is just smoke screen to give some needed credibility to the work of the PTC, who r nothing but rubber stamping body of fare increases for the papzi..

https://www.ptc.gov.sg/about/council-members

All are Oscars award winners

[Snell]

Where got people will be happy in increase fares ? Must be fake news .