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Transportation Business - "Pow Chiak"
- Thread starter Confuseous
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It is stating the obvious, a oerson of average intelligence is able to know. We have ONE public transport owner, ONE news media owner!.
How can an Oligopolist, Monopolist looses money, must be the management cost sky high & promising the stakeholders obscene profits..and who are the stakeholders, other than the normal shareholders...no need brain to figure that out!.
We are at the mercies of the public transport companies...and we deserve to get what we ask for!
Repent!
How can an Oligopolist, Monopolist looses money, must be the management cost sky high & promising the stakeholders obscene profits..and who are the stakeholders, other than the normal shareholders...no need brain to figure that out!.
We are at the mercies of the public transport companies...and we deserve to get what we ask for!
Repent!
S
suicidalpap
Guest
SINGAPORE: The Workers' Party (WP) on Tuesday reiterated its call for a National Transport Corporation to "oversee and provide universal transport service to all".
The WP was responding to media queries a day after public transport operators SBS Transit and SMRT applied to the Public Transport Council (PTC) for a 2.8-per-cent hike in bus and rail fares. The two operators cited cost pressures such as rising manpower and fuel prices.
WP pointed out that it had, in its 2006 and 2011 manifestos, "called for the MRT and public buses servicing major trunk and inter-town routes to be brought under a National Transport Corporation". It added that the entity "should not be profit-oriented but should aim to provide public transportation services on the basis of cost and depreciation recovery".
The WP said: "This would avoid a situation like we have seen (on Monday) where, despite earning profits of S$215.4 million last year, the two public transport operators are still applying for what threatens to be the single biggest fare increase to hit commuters in recent years." The Opposition party noted that its proposal "would not necessarily mean higher subsidies or a loss-making endeavour".
The WP added: "If competently run, the corporation could reduce costs associated with the duplication of functions and roles.
"We have seen many examples of efficiently run publicly-run service providers in Singapore in the past. It is a fallacy to think that the two public transport operators today represent genuine competition which imposes market discipline that ensures efficiency and good performance."
The WP was responding to media queries a day after public transport operators SBS Transit and SMRT applied to the Public Transport Council (PTC) for a 2.8-per-cent hike in bus and rail fares. The two operators cited cost pressures such as rising manpower and fuel prices.
WP pointed out that it had, in its 2006 and 2011 manifestos, "called for the MRT and public buses servicing major trunk and inter-town routes to be brought under a National Transport Corporation". It added that the entity "should not be profit-oriented but should aim to provide public transportation services on the basis of cost and depreciation recovery".
The WP said: "This would avoid a situation like we have seen (on Monday) where, despite earning profits of S$215.4 million last year, the two public transport operators are still applying for what threatens to be the single biggest fare increase to hit commuters in recent years." The Opposition party noted that its proposal "would not necessarily mean higher subsidies or a loss-making endeavour".
The WP added: "If competently run, the corporation could reduce costs associated with the duplication of functions and roles.
"We have seen many examples of efficiently run publicly-run service providers in Singapore in the past. It is a fallacy to think that the two public transport operators today represent genuine competition which imposes market discipline that ensures efficiency and good performance."
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Rising manpower costs, that is a laught...have you seen SMRT bus CAPTAINS, most of them are from The People's Republic Of China & Malaysia; the SINgaporean Kapitan are just a token few. These does not stop at the Bus Captains, the rest of the staffs are mostly FT's. How could that be a rising manpower cost, if this is so M.O.M., should address this concern, not the public to adress this with their money!.
As for fuel costs, that is understanderable, but the bus company book their fuel in futures & have economies of scale, unless they lose money in the fuel futures speculation.=, that is a concern.
They may be paying too much to the people at the top, hence, the need to ask for more money.
As for fuel costs, that is understanderable, but the bus company book their fuel in futures & have economies of scale, unless they lose money in the fuel futures speculation.=, that is a concern.
They may be paying too much to the people at the top, hence, the need to ask for more money.
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