Inside story:the lady in the video invaded a taxi ride refuses to pay money,started bragging abt how rich she is and wanted to throw money at the cab driver.
At that moment my bro Tay Dong Han step in to help solve the problem by assisting the police with help from some good fellow singaporeans
Pls help share thank you
Source: Cyrus Goh
This PRC bitch boarded taxi from MBS Tower 1 at 12.17 midnight this morning and dropped off at St James At Sentosa Gateway.
Upon alighting, she simply walked away without paying the fare.
When confronted, she raised her hand with the intention to slap the taxi driver.
Pls share and make her famous.
Source: Benny Tan
The drop in energy prices seen in 2014 could translate to a reduction in public transport fares in the next fare review exercise at the end of the year.
Based on available data for 2014, the fare adjustment could be “in the region of negative one per cent”, said Transport Minister Lui Tuck Yew in Parliament on Monday (Jan 19), in response to a question on the fall in oil prices.
MP Gan Thiam Poh had asked, with regard to the ongoing 2014 fare review exercise, whether the Public Transport Council would consider a reduction of transport fares, as a result of the fall in oil prices since June 2014.
However, Mr Lui noted that the ongoing fare review exercise, which started in November 2014, looks at changes in indices for 2013.
“We will have to leave it to the Public Transport Council to assess the public transport operators’ applications for fare increase, the fare adjustment quantum as given by the formula and the affordability of public transport for Singaporeans, amongst other things, and decide on the fare adjustment,” the minister said.
The fare formula is pegged to changes in the core consumer price index, wage index and energy index over the preceding year. This reflects the operating cost structure of public transport operators, said Mr Lui.
The core consumer price index and wage index account for 40 per cent of the formula each. The energy index component, which accounts for energy and fuel costs, makes up 20 per cent.
In the ongoing 2014 exercise, the value of the energy index component was negative 12.6 per cent – due to lower energy prices in 2013 – but the core consumer price index went up by 1.7 per cent, while the wage index saw an increase of 4.3 per cent.
The fare adjustment quantum yielded by the formula would have been negative 0.6 per cent for the 2014 fare review exercise. However, the previous fare review exercise had announced a fare increase of 6.6 per cent in two steps.
A 3.2 per cent hike was introduced in April last year, with the 3.4 per cent increase to be carried over to the ongoing review. Mr Lui explained that is why there is a 2.8 per cent fare adjustment quantum for the ongoing fare review exercise.
The next fare review exercise is set to take place towards the end of 2015 and is based on data for the full year of 2014.
Source: www.channelnewsasia.com
The Public Transport Council (PTC) on Wednesday (Nov 19) announced it has started the annual fare review exercise.
Public transport operators may submit their applications for fare review to the PTC for consideration by Dec 19. The decision will be announced in the first quarter of 2015, according to the press release.
Responding to media queries, SMRT’s Vice-President for Corporate Information and Communications Patrick Nathan said: “We seek a better alignment of fares and operating costs, and will be submitting our application for a fare review in the coming weeks.”
To evaluate applications robustly, the PTC will take guidance from the fare review mechanism and fare adjustment formula recommended by the Fare Review Mechanism Committee and accepted by the Government in Nov 2013.
The new fare adjustment formula is now based on core inflation (excluding property and car prices), average wage increase and an energy component.
“This will ensure a good balance between meeting the needs of the commuting public and keeping the public transport system financially sustainable. In discharging its responsibilities, the PTC will pay particular attention to fare affordability for the more vulnerable groups of commuters,” the PTC said.
Public transport fares were last adjusted in Apr 2014 as part of the 2013 fare review. There was a fare increase of 3.2 per cent – just half of the total fare cap of 6.6 per cent. It means the remaining 3.4 per cent will be brought forward to this year’s fare review exercise.
Mr Cedric Foo, chairman of the Government Parliamentary Committee for Transport, said: “If you look at the new formula, it has a new component called the Energy Index and that constitutes 20 per cent of the formula.
“As we have seen lately, fuel prices are coming down. Therefore, they hope that if you apply this formula, and core inflation is also not high, wage inflation is also not high, they hope that this may be zero or even negative. So I am hopeful that the full 3.4 per cent rollover from last year will not be implemented in full.”
INSULATING VULNERABLE GROUPS
In a Facebook post on Wednesday, Transport Minister Lui Tuck Yew commented on the fare review exercise, stating that public transport must continue to be affordable for all Singaporeans.
“I hope that the Public Transport Council will study if we can insulate vulnerable groups such as senior citizens from a fare increase, or at least mitigate the impact on them,” he wrote. “In the same regard, the Ministry of Transport will also study how we can similarly enhance the concession schemes Government introduced for lower-wage workers and persons with disabilities earlier this year.
Mr Lui added that this exercise builds on the improvements of last year’s fare review, and he has received “positive feedback” from Singaporeans who have benefited from new and enhanced travel concession schemes.
These include monthly concession passes for polytechnic students, and the introduction of the Adult Monthly Travel Pass, which frequent commuters can purchase to cap their transport expenditure.
“I hope the PTC can consider not raising the prices of these travel passes,” wrote Mr Lui. “I have also asked the Land Transport Authority to study whether we can strengthen our ongoing travel demand management efforts, and encourage more commuters to travel during the off-peak hours. Perhaps the Government can introduce off-peak monthly passes; which should also help reduce the travel expenditure for this group of commuters.”
Still, Mr Foo said that one still has to look at the overall trend of fare increases: “If you look at it over the last six years, actually the compound annual growth rate in fare is well below half a per cent.
“If we look at wages, wages have clearly increased by more than half a per cent at each point. So, in the context of long-term fare trend, fare increases cannot remain at zero for good. That’s unrealistic because it’s not sustainable. But let me stress at even if there is a modest increase in fares, we have to look after the vulnerable groups.”
Source: www.channelnewsasia.com