SBS buys 400 Scania buses for $147 million.....

[Microsoft]

The bottom line.............lan lan lor!!! unless there is competition to break this monopoly :(

Sori... all competitor will b... erase...

 

[Microsoft]

o.O

so they made it small 2 fit ant sized ppl??
Si MS been sucking up 2 SL? RP 8 wor..........

No they treat u like ants regardless of ur size...

4 ur size... u nid 2 pay double fare in future...:p

 

[hungary fighter]

there will b a "adjustment" of fare prices tiz coming october.....after the purchase of the new buses......there will b further "adjustment" in a few months later......the prices just go up up & away......

 

[sunny302]

Lets wait n see if PTC also cho bo lan :p

 

[dc7176]

knn!! hate tat new bus!! took tat bus from suntec to airport sit till my backside pain!! if pack, gotta stand all the way!! so little seats!! bus cant speed!! normally at nite, bus driver can drive faster... but this one macham got speed limit!! drive so slow!!!

 

[BlueCat]

good excuse to increase fare.

 

[feb]

think the new bus is not very user friendly, passengers would have to stand all the way with less seats even though the bus can be quite empty during non-peak hours and one have to be very careful when going down the step to alight the bus

 

[Wobble]

good excuse to increase fare.

err..If not wrong..Oct 1st another fare review

 

[Randee_Candee]

TIBs got peanuts in terms of the allocation of bus routes and BTW all sama2 familee, like what wobble said

Lolz, we all know tat but its prime n proper for them 2 stand up n tell ppl that its not a monopoly in place.

Jus like if u notice telecom sector with ST n SH, they both got land lines, mobile lines and also cable service, whereas the weaker one like M1? It does not..........n mind u, M1 also has Keppel's involvement. But can people point their fingers and say its monopoly?

 

[Jah_rastafar_I]

Look they are going to buy any damn bus they see fit. Fit it too small with all sorts of so called local standard measurements and u peasants are not gonna do anything but lan lan take the new fucking buses. Of course u will have to squeeze in with the new many FTS and fight for space or get squished with some asshole passenger and then stomp it and then live another day on this island.

 

[TeeKee]

http://motoring.asiaone.com/Motoring/News/Story/A1Story20080909-86588.html


more hike in the fare price coming beside the 1 in october......

400 Scania buses for $147 million

You guys paid for it! Dun complain, enjoy the fresh new buses lah!

Higher costs cut SBS Transit's profits by 30%
Maintenance, depreciation, staff and fuel expenses all up
Straits Times, The (Singapore)
Money
November 13, 2007
Author: Gabriel Chen

PUBLIC transport operator SBS Transit's third-quarter net profit plunged 30 per cent to $10 million, on the back of higher operational costs.

More expensive repairs and maintenance, as well as higher depreciation, staff costs and fuel costs all hurt the company's bottom line.

For the nine months ended Sept 30, the company, which operates most of the buses in Singapore and the North-East MRT Line (NEL), posted a 2.4 per cent rise in net profits to $41.6 million.

The ComfortDelGro subsidiary said revenue for the third quarter rose by 5.1 per cent to $170.3 million, attributable mainly to higher bus and rail fare revenue and higher advertisement income.

For example, its bus operations segment contributed the most in turnover, up by 2.4 per cent to $136.5 million for the third quarter, compared to the corresponding period last year.

Bus ridership was up 4 per cent.

Turnover from rail operations gained 19.6 per cent to $22.2 million, buoyed by increased ridership for the NEL and the two light rail transit systems.

Turnover from the company's advertising business rose 18.3 per cent to $7.4 million, on the back of higher bus advertisements.

Still, the healthy growth was offset by higher expenses.

Group operating expenses for the third quarter were up 8.7 per cent to $159.3 million, the company said yesterday.

In the third quarter, staff costs rose 3.8 per cent to $71.2 million, while the cost of repairs and maintenance to its fleet of vehicles weighed in, up 23.2 per cent to $23.6 million.

Higher energy and fuel costs also hurt the company, rising 3.4 per cent to $34.3 million, compared to the same period last year.

Third-quarter depreciation expenses jumped 56 per cent to $9.4 million from $6 million previously.

Quarterly earnings per share fell from 4.74 cents to 3.27 cents, while net asset value per share fell to 81 cents as at Sept 30 from 90 cents as at Dec 31 last year.

The group has proposed a special cash dividend of eight cents a share less tax, payable on Dec 7.

Looking ahead, SBS Transit said bus turnover is expected to improve with continued growth in ridership levels.

But it expects depreciation expenses to increase due to the implementation of the Automatic Vehicle Management System and renewal of its existing bus fleet.

Staff costs are also expected to be higher, due to a rise in headcount and cost of hiring.

And repairs and maintenance expenses are expected to increase with the enhanced maintenance requirements of the bus fleet, it said.

'Energy and fuel costs are expected to remain volatile,' the company predicted yesterday.

The share price of SBS Transit closed four cents lower at $3.02 yesterday.

[email protected]

Copyright, 2007, Singapore Press Holdings Limited

 

[Jah_rastafar_I]

knn!! hate tat new bus!! took tat bus from suntec to airport sit till my backside pain!! if pack, gotta stand all the way!! so little seats!! bus cant speed!! normally at nite, bus driver can drive faster... but this one macham got speed limit!! drive so slow!!!

At least u got a seat, imagine no seat. Wait u say sit also pain maybe standing is better????

Who knows standing actually better than sitting.