<![CDATA[No increase in bus/mrt fare for kids]]>SINGAPORE - Most bus and train journeys except those for children,students and national servicemen, will see fare changes from 1 October 2008.


The Public Transport Council (PTC) has given the green light fo an overall net fare adjustment that will result in fare changes that will range from a 7-cent reduction to a 4-cent increase per journey.

Adult EZ-Link fares on buses and trains and the senior citizen concession EZ-Link fare, will see a flat increase of 4 cents per ride.

However, this will be offset by the 15-cent increase in transfer rebate from the current 25 cents to 40 cents.

Public transport operators have also decided that they will bear 10 cents out of the 15-cent increase in the transfer rebate.

Therefore, fares for most adult or senior citizen concession journeys will see a range of adjustments, from an increase of 4 cents for a direct journey with no transfer, to a reduction of 7 cents for a journey with one transfer.

According to the PTC, journeys with more transfers will see a greater fare reduction, ranging from 18 cents for a journey with two transfers and 29 cents if there are two transfers.

In a news release, the PTC also announced a new maximum EZ-Link fare-band, with an additional 5-cent increase for long-distance rides on buses and trains.

As for cash fares for adult bus and train rides, which have not been adjusted
since 2005, they will increase by 10 cents across the board. - CNA/sf

]]>https://forum.kiasuparents.com/topic/976/no-increase-in-bus-mrt-fare-for-kidsRSS for NodeSun, 03 May 2026 09:00:18 GMTFri, 12 Sep 2008 07:28:00 GMT60<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 10:38:06 GMT]]>

3Boys:
Dreamaurora:

[quote=\"3Boys\"]
Which MNC do you know that operate on margins of lower than 2% regularly? How long does a private MNC that operates on regular deficits stay in business? I'd say sack the board and management in both cases, or just forget about being a business.

3Boys,

off the top of my head I can list Amazon, Sony, LG, and Panasonic. You can easily check their financial data online by googling 'Company name + net profit margin'. Those bigger ones like Samsung and Apple of course are the one more fortunate to enjoy double digit profit margin in recent years, but there were years their profit margin were in single digits too. , If they are on deficit, they will obviously start trimming their workforce first; board and management are normally the last to go.

Of that list, Amazon are the only one I know that deliberately keep their margins very thin, at great cost to their employees. The consumer electronics guys are not there by choice, they are suffering from commoditisation of their goods.

Sony and LG can shut factories, what if SBS starts to cut unprofitable routes? Acceptable?[/quote]Yes, those companies are not earning a lot of profit because of external circumstances. It's the same with SBS. I am just pointing out that one cannot draw a correlation between net profit margin and profiteering.

Anyway not the first time SBS cut unprofitable route. Remember the outcry when SBS cut off many bus services that ran parallel to NEL? Whether it's acceptable or not it does not matter because the commuters have no other options. I am a realist. I am under no illusion that the public transport companies are here to make our lives better. Yes, we may argue that we really do not have choice as we need them for essential services, therefore we are entitled some 'voice' in this issue. But that is wishful thinking at best.

]]>https://forum.kiasuparents.com/post/1464219https://forum.kiasuparents.com/post/1464219Thu, 12 Feb 2015 10:38:06 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 09:02:30 GMT]]>

Dreamaurora:
3Boys:


Which MNC do you know that operate on margins of lower than 2% regularly? How long does a private MNC that operates on regular deficits stay in business? I'd say sack the board and management in both cases, or just forget about being a business.

3Boys,

off the top of my head I can list Amazon, Sony, LG, and Panasonic. You can easily check their financial data online by googling 'Company name + net profit margin'. Those bigger ones like Samsung and Apple of course are the one more fortunate to enjoy double digit profit margin in recent years, but there were years their profit margin were in single digits too. , If they are on deficit, they will obviously start trimming their workforce first; board and management are normally the last to go.

Of that list, Amazon are the only one I know that deliberately keep their margins very thin, at great cost to their employees. The consumer electronics guys are not there by choice, they are suffering from commoditisation of their goods.

Sony and LG can shut factories, what if SBS starts to cut unprofitable routes? Acceptable?

]]>https://forum.kiasuparents.com/post/1464178https://forum.kiasuparents.com/post/1464178Thu, 12 Feb 2015 09:02:30 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 08:50:19 GMT]]>

3Boys:

Which MNC do you know that operate on margins of lower than 2% regularly? How long does a private MNC that operates on regular deficits stay in business? I'd say sack the board and management in both cases, or just forget about being a business.
3Boys,

off the top of my head I can list Amazon, Sony, LG, and Panasonic. You can easily check their financial data online by googling 'Company name + net profit margin'. Those bigger ones like Samsung and Apple of course are the one more fortunate to enjoy double digit profit margin in recent years, but there were years their profit margin were in single digits too. , If they are on deficit, they will obviously start trimming their workforce first; board and management are normally the last to go.

]]>https://forum.kiasuparents.com/post/1464169https://forum.kiasuparents.com/post/1464169Thu, 12 Feb 2015 08:50:19 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 08:17:09 GMT]]>

jetsetter:
3Boys:

[quote=\"pirated\"]
SBS Transit, Singapore's largest bus operator, said on Tuesday (10 Feb) it earned S$14.3 million in 2014, up from S$11.2 million in 2013, as revenue climbed 12.2 per cent to S$951 million.
- CNA/xk

$14.3 million profit on a revenue of $951 million (1.5% margin)? How pathetic, barely breaking even. Thanks to pirated for the clarifying stats, very clearly showing that SBS are not profiteering.


Hmmm...if I read correctly, pirated believes they are profiteering. He is against the fare hike;) :evil:[/quote]Is that so? :evil:

For a moment I thought the opposite, for which reasonable person would assume that a $14M profit on $900M+ of revenue was unreasonable and cruel?

]]>https://forum.kiasuparents.com/post/1464152https://forum.kiasuparents.com/post/1464152Thu, 12 Feb 2015 08:17:09 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 08:15:22 GMT]]>

Dreamaurora:
3Boys:

[quote=\"pirated\"]
SBS Transit, Singapore's largest bus operator, said on Tuesday (10 Feb) it earned S$14.3 million in 2014, up from S$11.2 million in 2013, as revenue climbed 12.2 per cent to S$951 million.
- CNA/xk

$14.3 million profit on a revenue of $951 million (1.5% margin)? How pathetic, barely breaking even. Thanks to pirated for the clarifying stats, very clearly showing that SBS are not profiteering.

I'm not sure how you derive the conclusion that SBS is not profiteering just because its profit margin is 1.5%. Even a lot of larger MNCs commonly have profit margin below 2%, some even having deficits.[/quote]Which MNC do you know that operate on margins of lower than 2% regularly? How long does a private MNC that operates on regular deficits stay in business? I'd say sack the board and management in both cases, or just forget about being a business.

]]>https://forum.kiasuparents.com/post/1464151https://forum.kiasuparents.com/post/1464151Thu, 12 Feb 2015 08:15:22 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 06:16:38 GMT]]>

3Boys:
pirated:


SBS Transit, Singapore's largest bus operator, said on Tuesday (10 Feb) it earned S$14.3 million in 2014, up from S$11.2 million in 2013, as revenue climbed 12.2 per cent to S$951 million.
- CNA/xk

$14.3 million profit on a revenue of $951 million (1.5% margin)? How pathetic, barely breaking even. Thanks to pirated for the clarifying stats, very clearly showing that SBS are not profiteering.


Hmmm...if I read correctly, pirated believes they are profiteering. He is against the fare hike;) :evil:

]]>https://forum.kiasuparents.com/post/1464094https://forum.kiasuparents.com/post/1464094Thu, 12 Feb 2015 06:16:38 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 05:45:14 GMT]]>

Dreamaurora:
3Boys:



$14.3 million profit on a revenue of $951 million (1.5% margin)? How pathetic, barely breaking even. Thanks to pirated for the clarifying stats, very clearly showing that SBS are not profiteering.

I'm not sure how you derive the conclusion that SBS is not profiteering just because its profit margin is 1.5%. Even a lot of larger MNCs commonly have profit margin below 2%, some even having deficits.

The industry I work in operates on a profit margin averaging below 1% over a 10/20-year period (consolidation will probably raise it to around 2.5% for these couple of years :rahrah: ).

Frankly, I have yet to hear anyone telling us that we are not profiteering. I'm quite glad to see someone post that :rotflmao:

]]>https://forum.kiasuparents.com/post/1464087https://forum.kiasuparents.com/post/1464087Thu, 12 Feb 2015 05:45:14 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 05:36:25 GMT]]>

3Boys:
pirated:


SBS Transit, Singapore's largest bus operator, said on Tuesday (10 Feb) it earned S$14.3 million in 2014, up from S$11.2 million in 2013, as revenue climbed 12.2 per cent to S$951 million.
- CNA/xk

$14.3 million profit on a revenue of $951 million (1.5% margin)? How pathetic, barely breaking even. Thanks to pirated for the clarifying stats, very clearly showing that SBS are not profiteering.

I'm not sure how you derive the conclusion that SBS is not profiteering just because its profit margin is 1.5%. Even a lot of larger MNCs commonly have profit margin below 2%, some even having deficits.

That being said, SBS and SMRT first and foremost are public listed companies and their obligations first and foremost are to the shareholders. Companies are not obligated to bleed money to serve the community well; they are not charities. The Teh C I like to order Ya Kun has just recently increased to $2.00, but I do not complain. All I have to do is to ensure my income keeps up with the inflation.

]]>https://forum.kiasuparents.com/post/1464086https://forum.kiasuparents.com/post/1464086Thu, 12 Feb 2015 05:36:25 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Thu, 12 Feb 2015 04:58:00 GMT]]>

pirated:

SBS Transit, Singapore's largest bus operator, said on Tuesday (10 Feb) it earned S$14.3 million in 2014, up from S$11.2 million in 2013, as revenue climbed 12.2 per cent to S$951 million.
- CNA/xk
$14.3 million profit on a revenue of $951 million (1.5% margin)? How pathetic, barely breaking even. Thanks to pirated for the clarifying stats, very clearly showing that SBS are not profiteering.

]]>https://forum.kiasuparents.com/post/1464080https://forum.kiasuparents.com/post/1464080Thu, 12 Feb 2015 04:58:00 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Tue, 10 Feb 2015 17:08:09 GMT]]>

pirated:
http://i59.tinypic.com/6fmt6c.jpg\">

http://www.channelnewsasia.com/news/bus ... 49236.html

SBS Transit net profit rose 27.8% in 2014 on higher ridership, fares

SINGAPORE: Local bus and train operator SBS Transit posted a 27.8 per cent rise in 2014 net profit, helped by higher ridership and fares.

SBS Transit, Singapore's largest bus operator, said on Tuesday (10 Feb) it earned S$14.3 million in 2014, up from S$11.2 million in 2013, as revenue climbed 12.2 per cent to S$951 million.

Revenue from the bus segment rose 10.5 per cent to S$754 million, while revenue from the rail segment gained 19.5 per cent to S$197 million, boosted by the full year operation of the Downtown Line which raised ridership.

Average daily ridership on SBS buses increased by 3.2 per cent to 2.8 million passenger trips for 2014.

Looking ahead, SBS Transit said revenue is expected to be higher with higher ridership and higher average fare, citing the overall fare adjustment of 2.8 per cent approved by the Public Transport Council for bus and train fares that will take effect from Apr 5.

However, it added the outlook for bus and rail segments will continue to be challenging. \"With headcount increases mainly from the build-up for Bus Service Enhancement Programme, Downtown Line 2 and salary adjustments, staff costs are expected to be higher. The continued renewal and expansion of the bus fleet is expected to result in higher depreciation and financing costs,\" it said.

SBS said its bus segment managed a 14.9 per cent rise in operating profit to S$12.3 million last year, helped by increases in average daily ridership and average fare, higher rental from shop renewals, increased advertising sales and other operating income.

But on its own, the core bus operation continued to suffer losses amounting to S$13.5 million in 2014.

- CNA/xk

]]>https://forum.kiasuparents.com/post/1463425https://forum.kiasuparents.com/post/1463425Tue, 10 Feb 2015 17:08:09 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 17:55:29 GMT]]>pretend or not, people will forever remember that oil price has dropped from >US$100/barrel to <US$50/barrel and yet we have a fare increase, notwithstanding whatever rebates


as mentioned earlier, something is wrong with how they communicate

and right after announcing fare increase for next financial year, they reported hefty rise in profit - and this is for past quarter where price drop of oil not impacted yet - which shows that the previous fare increase had provided for the jump in profit. And now with increased profit level and with forward oil price half of previous years, they still want to increase fare - heck care which was held back from last year’s increase (this is called "managing expectation" to try to look good) – it only shows that it wasn’t necessary at all to increase fare!

Affordability does not mean the increase is justified. The infrastructure has been paid by tax payers, not shareholders – at least for the train system and the new buses.

To cite affordability to justify price increase is a manifestation of money sucking mentality, whether is public transport or public housing. Does the government exist to serve the people or to make money from the people ?

]]>https://forum.kiasuparents.com/post/1460945https://forum.kiasuparents.com/post/1460945Mon, 02 Feb 2015 17:55:29 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 16:18:10 GMT]]>The moral of the story is never put off any part of any price increase for this year to next year, because by next year everybody will forget that which was put off. And when you try to remind them what happened they will all pretend to be deaf and suffering from amnesia.


:razz:

]]>https://forum.kiasuparents.com/post/1460927https://forum.kiasuparents.com/post/1460927Mon, 02 Feb 2015 16:18:10 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 13:58:17 GMT]]>A back of envelope calculation will very quickly show that a family of 4 (2A + 2 school going children) my spend between $3-400 per month on transportation if they travel exclusively on public transport for work and school and weekend outings. Before we get into discussions about the poor amongst us Singaporeans, my question to those in KSP, is whether we honestly think that is an unreasonable amount to pay.


Yes, some of the poorer families may find that challenging, but they get a bunch of rebates and transfers to offset these costs. So why the sanctimony?

Just take a look at the SMRT annual report and see if you really think they are making massive profits.

]]>https://forum.kiasuparents.com/post/1460872https://forum.kiasuparents.com/post/1460872Mon, 02 Feb 2015 13:58:17 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 13:30:51 GMT]]>How to get the voucher?

]]>https://forum.kiasuparents.com/post/1460848https://forum.kiasuparents.com/post/1460848Mon, 02 Feb 2015 13:30:51 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 13:25:32 GMT]]>

3Boys:
jetsetter:

Is it really THAT bad? Read again.


Despite the hike, more than 1.1 million commuters will not see any changes in their fares. Senior citizen fares will remain the same, as will prices for existing travel concessions passes including student monthly concessions and the $120 adult monthly travel card.

Lower-wage workers and people with disabilities, who currently benefit from a Government travel discount scheme, will also not be affected by the fare hike.

http://i61.tinypic.com/23h4z8j.jpg\">

http://i58.tinypic.com/24g7ukh.jpg\">

Moreover...

1) SBS Transit and SMRT will have to contribute $5.5 million and $8 million respectively to the Public Transport Fund.

2) The Government will draw down $7.5 million from the fund to provide 250,000 vouchers of $30 each to low-income households.

Can only say I agree. I find the bashing uninformed and gratuitous and without reference to real actual impact.

Yes...
Haha:)

]]>https://forum.kiasuparents.com/post/1460841https://forum.kiasuparents.com/post/1460841Mon, 02 Feb 2015 13:25:32 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 13:24:33 GMT]]>

jetsetter:
Is it really THAT bad? Read again.


Despite the hike, more than 1.1 million commuters will not see any changes in their fares. Senior citizen fares will remain the same, as will prices for existing travel concessions passes including student monthly concessions and the $120 adult monthly travel card.

Lower-wage workers and people with disabilities, who currently benefit from a Government travel discount scheme, will also not be affected by the fare hike.

http://i61.tinypic.com/23h4z8j.jpg\">

http://i58.tinypic.com/24g7ukh.jpg\">

Moreover...

1) SBS Transit and SMRT will have to contribute $5.5 million and $8 million respectively to the Public Transport Fund.

2) The Government will draw down $7.5 million from the fund to provide 250,000 vouchers of $30 each to low-income households.
Can only say I agree. I find the bashing uninformed and gratuitous and without reference to real actual impact.

]]>https://forum.kiasuparents.com/post/1460840https://forum.kiasuparents.com/post/1460840Mon, 02 Feb 2015 13:24:33 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 10:20:22 GMT]]>

kychua:
alng:


Profit first lah! Then kpi achieved then get high pay high bonuses approved by parliament !

No. 1 govt...no. 1 in sucking money!

Er...I did not write that....pirated wrote.

]]>https://forum.kiasuparents.com/post/1460751https://forum.kiasuparents.com/post/1460751Mon, 02 Feb 2015 10:20:22 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Mon, 02 Feb 2015 09:37:49 GMT]]>

alng:

Profit first lah! Then kpi achieved then get high pay high bonuses approved by parliament !
No. 1 govt...no. 1 in sucking money!

]]>https://forum.kiasuparents.com/post/1460728https://forum.kiasuparents.com/post/1460728Mon, 02 Feb 2015 09:37:49 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Sat, 31 Jan 2015 02:22:54 GMT]]>

alng:
starlight1968sg:

[quote=\"alng\"]Problem of public transportation operated by a private company. Public interests first or profit first?


die die must rank, then I guess is profit 1st. There are shareholders to answer.

Especially when one of the shareholders is the government. Government's role - public interests first or profit first?[/quote]Profit first lah! Then kpi achieved then get high pay high bonuses approved by parliament !

]]>https://forum.kiasuparents.com/post/1459759https://forum.kiasuparents.com/post/1459759Sat, 31 Jan 2015 02:22:54 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Sat, 31 Jan 2015 01:22:57 GMT]]>

starlight1968sg:
alng:

Problem of public transportation operated by a private company. Public interests first or profit first?


die die must rank, then I guess is profit 1st. There are shareholders to answer.

Especially when one of the shareholders is the government. Government's role - public interests first or profit first?

]]>https://forum.kiasuparents.com/post/1459723https://forum.kiasuparents.com/post/1459723Sat, 31 Jan 2015 01:22:57 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Sat, 31 Jan 2015 01:08:37 GMT]]>

alng:
Problem of public transportation operated by a private company. Public interests first or profit first?

die die must rank, then I guess is profit 1st. There are shareholders to answer.

]]>https://forum.kiasuparents.com/post/1459711https://forum.kiasuparents.com/post/1459711Sat, 31 Jan 2015 01:08:37 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Sat, 31 Jan 2015 01:05:47 GMT]]>Problem of public transportation operated by a private company. Public interests first or profit first?

]]>https://forum.kiasuparents.com/post/1459709https://forum.kiasuparents.com/post/1459709Sat, 31 Jan 2015 01:05:47 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Fri, 30 Jan 2015 05:30:00 GMT]]>

pirated:
http://i59.tinypic.com/6fmt6c.jpg\">

\"$ comes from transport operators to subsidize the needy\", but $ is from the commuters paying higher fare, so rightfully, should say fellow citizens pay higher fares to subsidize fellow citizens!

So much profit made, yet still need to pay higher fare. :frustrated:

]]>https://forum.kiasuparents.com/post/1459388https://forum.kiasuparents.com/post/1459388Fri, 30 Jan 2015 05:30:00 GMT<![CDATA[Reply to No increase in bus/mrt fare for kids on Fri, 30 Jan 2015 05:05:51 GMT]]>http://i59.tinypic.com/6fmt6c.jpg\">

]]>https://forum.kiasuparents.com/post/1459371https://forum.kiasuparents.com/post/1459371Fri, 30 Jan 2015 05:05:51 GMT