Wednesday, January 21, 2015

Transport Fares got increase or not? Make up your mind!

Seriously once I start writing it is hard to stop.

Let's  look at the title of the article and the last paragraph of this ridiculous report in Today Online (link) below.

Title -
Public transport fares may drop next year: Lui

Last Paragraph -
"But because the remaining 3.4 per cent was carried over, the fare adjustment quantum in this current exercise will be 2.8 per cent instead, he (Lui) added"

Are you confused? Is there a decrease or there isn't?

Say if I were to increase the price of my product from $10 to $12 and then tell you I'm giving you a discount of $0.50, did you think for one moment you will have an orgasmic feeling that you came out better?

This is gutter reporting and trying to pull the wool over people's eyes!

Let me tell you my elation about the DECREASE in transport fares for Melbourne. You can read them here (link).

1. From 1 Jan 2015, there are FREE tram zones. Yes  pay nothing while travelling in the city.

2. I used to pay AUD7+ for the Zone 1 and 2. Now I pay AUD4.62.

Now that's what I call an orgasmic feeling.

Public transport fares may drop next year: Lui
PUBLISHED: 8:11 PM, JANUARY 19, 2015
SINGAPORE — Commuters may see a potential drop in fares next year, given the drop in energy prices last year.
Transport Minister Lui Tuck Yew laid out this possibility in Parliament today (Jan 19), pointing out that the decline in last year’s energy and fuel prices “could possible translate to a negative fare adjustment”, to the tune of around negative 1 per cent, based on available data thus far.
The 2015 fare review exercise, which will occur at the end of this year, will use indices in 2014.
Apart from the fare formula, the Public Transport Council (PTC) also takes into account other factors, such as affordability and the public transport operators’ applications for fare increase, in deciding on fare adjustment, he said.
Mr Lui was responding to a question by Mr Gan Thiam Poh, MP for Pasir Ris-Punggol GRC, on whether the ongoing fare review exercise will consider a reduction in transport fares due to the fall in oil prices. The exercise began last November and its results are expected to be announced by the first quarter of this year.
The fare formula is pegged to changes in the Core Consumer Price Index (CPI), the Wage Index and the Energy Index and is based on changes over the preceding year.
Mr Lui said the ongoing fare review exercise had yielded a negative 0.6 per cent fare adjustment quantum.
“Supposing we had implemented the full 6.6 per cent fare adjustment quantum in the previous fare review exercise (in January last year) and we did not carry over the 3.4 per cent, then indeed we would have a fare adjustment for this year that is negative 0.6 per cent this time round.”
But because the remaining 3.4 per cent was carried over, the fare adjustment quantum in this current exercise will be 2.8 per cent instead, he added

1 comment:

Anonymous said...

This practice has been going on for decades. For example, the GST increase and its "rebate/subsidy", the increased price of HDB flats and the generous "market discount", the "subsidy" you receive in public healthcare when its published prices are higher than the private sector in many instances, the "high" CPF interest rate when it is the lowest pension return rate in developed countries. The list goes on and on.

They have been able to hold on to power for so long because people are ignorant and accept the fairy tales published in the MSM as gospel truths.