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Revenue for Transport Companies Increase at 5-year High.

I read the following article on Today with dismay, "Bus, MRT fares likely to go up". *** timing so zun. Right after the gener.... oh whatever.

"... raise approved by the PTC was the maximum allowed under its formula that takes into account average wage increases as well as productivity gains of the public transport companies." Wah, transport companies so in sync with the latest news hor, "Wage increase at 5-year high".

' "I would think that the public transport operators would want to apply for the increase every year," said Mr Ong.' Not only Mr Ong thinks so, I also think so leh. The raise not substantial mah, ten cents, twenty cents, nevermind hor? At most increase every year lor. I also wanna open a transport company leh, forever increasing revenue one. At most I increase fares only by five cents per year lah.

I wonder the whether fantastic formula takes into account of times when the economy does not do so well or not. If so, maybe we can see such a headline in the future, "Bus, MRT fares likely to go down. PTC imposes lower fares due to economic downturn." Choy, of cuz I don't wish for any economic downturn lah. heh heh.
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▐≤¡Γ≡ said…
u see... the gahment is taking back the little investment(probably wif interest somemore) it made on us during the erections.
July 03, 2006 1:07 AM
egeus said…
with interest, thats a good one.
must beat the inflation lah. I wonder if the annual increment can compare up with the inflation or not.
July 03, 2006 11:50 AM
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