Revision of transport fares despite S$3.21 Billion revenue !

qpicanto SG

Barely a day after it is reported that the transport ministry likely annoucement of next upward revision of transport fare. It is then reported today that the transport co's CEO is pleased with the financial results of comfort-delgro which also operates the SBST buses and trains in SG and London metroline buses There will be higher dividends on top of interim dividends too!

Jan -Dec 2010 earnings was $228.5 m and revenues up 5.1% to $3.21 BILLIONS.

吃人....Makang orang...

Transport minister, what happened to the competition in public transport since last election 2006? ? No wonder income gap is widening.

Guys, this transport system got to change!

FBFIce SG

not to worry, fuel price has no direct impact on bus fare. public transport are running on lies not by diesel or electricity

coffeebreak SG

recently i was in nanjing and i was surprise to see some comfort delgro taxis

looks like big time worldwide expansion... business is very good... singapore transport probably peanuts and loose change compared to oversea business

FBFIce SG

recently i was in nanjing and i was surprise to see some comfort delgro taxis

looks like big time worldwide expansion... business is very good... singapore transport probably peanuts and loose change compared to oversea business

see their bottom line first then talk

Asromanista2001 SG

i think they're losing their pants in China so they decided to kill us since they got virtual monopoly here.........................

VOTE FOR PAP........................VOTE FOR PAP.........................this is what you get.........

charlize SG

If transport fares don't go up, how will revenue reach $4 billion or $10 billion?

qpicanto SG

It is quite astonising when your read this in 14/2/11's Today -' Dr Lim Wee Kiat Sembawang GRC who is chairman for the transport parliamentary commitee said he welcomed the Public Transport Council s decision to defer to fare revisions to fourth quarter. But as transport operators also faciing higher costs, any revision is likely to be upward.'

Why the mp dont ask for the dividend payment not to be increased or push for greater competition in the industry but ínstead agreed that fares should go up despite the so called 'steller report card for delgro' as reported. The same goes for the state media pro--glc stand for not asking tough questions.

It would be an emphatic 'NO' from a real pro-people mp....

Clivebenss SG

those who can't afford can always walk...

they don't charge pedestrians.

qpicanto SG

In their UK subsidiary Metroline they can afford to give pay rise !

http://www.socialistworker.co.uk/art.php?id=22989

Cute Dolphin SG

those who can't afford can always walk...

they don't charge pedestrians.

You have a point.

FBFIce SG

those who can't afford can always walk...

they don't charge pedestrians.

hais...... i have to put up ERP for pedestrains

GHoST_18 SG

those who can't afford can always walk...

they don't charge pedestrians.

not yet

qpicanto SG

Citing higher profits at its parent company, ComfortDelGro, which rose by 1.6 percent in the three months to June 2010, the UK Union wanted higher pay rise than what was offered. Do they even care that in SG it is a transport monopoly, where Singaporeans have been forced into paying higher and higher fares for decades?

This is not fair to both our commuters and drivers.

qpicanto SG

We need competition like In London 1572km2 , 7.56 million people, a variety of companies run buses under contract to London Buses.

They are:

companies owned by four of the Big 5:

FBFIce SG

We need competition like In London 1572km2 , 7.56 million people, a variety of companies run buses under contract to London Buses.

They are:

to my knowledge, london public transport was never making money

Clivebenss SG

not yet

never underestimate what they can do.

Electronic Run Pricing, Electronic Walk Pricing, Electronic Jog Pricing, Electronic Crawl Pricing.

even babies not spared.

charlize SG

never underestimate what they can do.

Electronic Run Pricing, Electronic Walk Pricing, Electronic Jog Pricing, Electronic Crawl Pricing.

even babies not spared.

Soon even pedestrians will have to pay a fee to walk into Orchard Road or the CBD area.

qpicanto SG

This is a picture of 1-billion dollars.The state controlled co. revenues was 3.21 B !! please click on picture

sbst275 SG

so more ppl take bus, revenue has to drop?

furthermore w/ distance fare, avg fares has dilluted away.