Sleepyman Clutched January 3, 2009 Share January 3, 2009 On radio 938 today... Public Transport Fare adjustment=0.5XCPI + 0.5XWage index. No wonder fares go up when fuel prices are down lah...The wages keep going up for the MIWs no matter what the price of oil...fares how to go down. So even if oil is FREE, based on this calculation, since MIWs pay go up by 30% or so, expect transport fare to up at least 15% hor! ↡ Advertisement Link to post Share on other sites More sharing options...
Swqwe Neutral Newbie January 3, 2009 Share January 3, 2009 (edited) wa... not fair man. Edited January 3, 2009 by Swqwe Link to post Share on other sites More sharing options...
Xspace 1st Gear January 4, 2009 Share January 4, 2009 Simi also they say.. sibei sians.. Link to post Share on other sites More sharing options...
Scion Turbocharged January 4, 2009 Share January 4, 2009 Link to post Share on other sites More sharing options...
Picanto 3rd Gear January 4, 2009 Share January 4, 2009 On radio 938 today... Public Transport Fare adjustment=0.5XCPI + 0.5XWage index. No wonder fares go up when fuel prices are down lah...The wages keep going up for the MIWs no matter what the price of oil...fares how to go down. So even if oil is FREE, based on this calculation, since MIWs pay go up by 30% or so, expect transport fare to up at least 15% hor! i do not have any scholarship from well renowed universities, but i know the formula is very biased towards the transport companies.......despite what they say or do. Link to post Share on other sites More sharing options...
Schneider79 Clutched January 4, 2009 Share January 4, 2009 (edited) That's the problem. They fart and we take good deep breathe at their a$$es. Initially says that it's the crude oil inflation problem. Now say tag to wages. So which is which ? If you guys think the PI bosses are good prata flippers, there are mountains higher than the hills! [rifle] Edited January 4, 2009 by Schneider79 Link to post Share on other sites More sharing options...
Vroomtattat 2nd Gear January 4, 2009 Share January 4, 2009 That's the problem. They fart and we take good deep breathe at their a$$es. Initially says that it's the crude oil inflation problem. Now say tag to wages. So which is which ? If you guys think the PI bosses are good prata flippers, there are mountains higher than the hills! [rifle] It is tagged to whatever is going up. Link to post Share on other sites More sharing options...
Passion 5th Gear January 4, 2009 Share January 4, 2009 That's the problem. They fart and we take good deep breathe at their a$$es. Initially says that it's the crude oil inflation problem. Now say tag to wages. So which is which ? If you guys think the PI bosses are good prata flippers, there are mountains higher than the hills! [rifle] I think this will be lemon lim kor pi reply to your which is which. When investment in oil is good and going up,LLKP says,"as crude oil is going up,thus price increase." When investment fails,LLKP says,"as employment rate is going down,more cityzen are giving their ride for public transport,thus we need better buses,and we need to upgrade,change to newer rides,to entice drivers to take bus,thus,fare are not adjusted down." Link to post Share on other sites More sharing options...
Weihao Neutral Newbie January 4, 2009 Share January 4, 2009 fark la Link to post Share on other sites More sharing options...
Albeniz Turbocharged January 4, 2009 Share January 4, 2009 (edited) The rationale behind the implementation of COE is to curb the car population. To enjoy the convenience of car , owners need to pay a premium for it. To ease road congestion, usage of public transport is encouraged. The COE collected is supposed to benefit daily commuters using the MRT and bus services. I am very interested to find out where does the money collected from COE go to? Why does the public transport fare keeps on rising? They should have been subsidized by my COE. Edited January 4, 2009 by Albeniz Link to post Share on other sites More sharing options...
Picanto 3rd Gear January 4, 2009 Share January 4, 2009 whatever is collected from coe is store in lta. they want to build up lots and lots of $$. even companies that provide basic service such as transport is already so $ oriented.what can we say about lta? Link to post Share on other sites More sharing options...
Ahwhye 5th Gear January 4, 2009 Share January 4, 2009 The rationale behind the implementation of COE is to curb the car population. To enjoy the convenience of car , owners need to pay a premium for it. To ease road congestion, usage of public transport is encouraged. The COE collected is supposed to benefit daily commuters using the MRT and bus services. I am very interested to find out where does the money collected from COE go to? Why does the public transport fare keeps on rising? They should have been subsidized by my COE. The $ from COE is used to pay the elites for coming up excellent schemes like ERPs after ERPs .... thus archieving the objectives of encouraging public transport usage.....As more pple are using public transport, the economy of scale should have benefitted the users.....but too bad as the elite has gamely challenged the peasants, fare raise was due to fuel price increase, fares cannot reduce is due to dunno-whose-wage level unless the peasants want GST to go up. Conclusion : 鸟话连篇 Link to post Share on other sites More sharing options...
Nutty 4th Gear January 5, 2009 Share January 5, 2009 I have nothing to say except to roll eyes... Link to post Share on other sites More sharing options...
Robo 2nd Gear January 5, 2009 Share January 5, 2009 wads new??? everything also they say.. win liao lor. fark man Link to post Share on other sites More sharing options...
Foxfire Neutral Newbie January 5, 2009 Share January 5, 2009 On radio 938 today... Public Transport Fare adjustment=0.5XCPI + 0.5XWage index. No wonder fares go up when fuel prices are down lah...The wages keep going up for the MIWs no matter what the price of oil...fares how to go down. So even if oil is FREE, based on this calculation, since MIWs pay go up by 30% or so, expect transport fare to up at least 15% hor! The National Wage Council is indicating an average of around 2% wage growth for the last 7 years. If indeed this is the wage index being used, then the transport increase would be in the region of 2% as the last CPI is 2.1. Then again, it would mean that transport fare will never go down as wages are ever increasing, while the last CPI drop was 2002, but it was only -0.4. The next biggest drop was in 1986 of -1.4. Even then, I doubt a few millionaires are able to influence the wage index of Singapore. IMO, the formula seems reasonable if the statistics are correct. At least it cushion against sudden operating cost increase like fuel prices flux. Link to post Share on other sites More sharing options...
Kingcopa 1st Gear January 5, 2009 Share January 5, 2009 The National Wage Council is indicating an average of around 2% wage growth for the last 7 years. If indeed this is the wage index being used, then the transport increase would be in the region of 2% as the last CPI is 2.1. Then again, it would mean that transport fare will never go down as wages are ever increasing, while the last CPI drop was 2002, but it was only -0.4. The next biggest drop was in 1986 of -1.4. Even then, I doubt a few millionaires are able to influence the wage index of Singapore. IMO, the formula seems reasonable if the statistics are correct. At least it cushion against sudden operating cost increase like fuel prices flux. the formula seems reasonable if the statistics are correct. that is the key words ↡ Advertisement Link to post Share on other sites More sharing options...
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