Tuesday, September 11, 2007

It's that time of the year!

Yeah! It's that time of the year in Singapore! Time for bus/ MRT operator to raise their fee!

In Singapore, the bus/ MRT transport fee is bound to increase every year. The reason being put by the operator is that they have not raise the fee when the economic is in down turn (as if they HAVE to increase the fee EVERY single year). Ironically, despite the implicit statement that they are facing higher operating cost, they are actually posting HIGHER PROFIT in 2006 compare to 2005. So, I bet they are going to have higher profit in 2007. Time to buy the operators' share guys. It seems that the operators care more about the shareholders than the public although they are public transport operators, in which case, residences DO NOT have other operators to choose from except the two that are operating in a seemingly "purposely separated" route. Yeah, the operators does not run the same route!

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