Revision of transport fares despite S$3.21 Billion revenue !
-
Barely a day after it is reported that the transport ministry likely annoucement of next upward revision of transport fare. It is then reported today that the transport co's CEO is pleased with the financial results of comfort-delgro which also operates the SBST buses and trains in SG and London metroline buses There will be higher dividends on top of interim dividends too!
Jan -Dec 2010 earnings was $228.5 m and revenues up 5.1% to $3.21 BILLIONS.
�人....Makang orang...
Transport minister, what happened to the competition in public transport since last election 2006? ? No wonder income gap is widening.
Guys, this transport system got to change!
-
not to worry, fuel price has no direct impact on bus fare. public transport are running on lies not by diesel or electricity
-
recently i was in nanjing and i was surprise to see some comfort delgro taxis
looks like big time worldwide expansion... business is very good... singapore transport probably peanuts and loose change compared to oversea business
-
Originally posted by coffeebreak:
recently i was in nanjing and i was surprise to see some comfort delgro taxis
looks like big time worldwide expansion... business is very good... singapore transport probably peanuts and loose change compared to oversea business
see their bottom line first then talk -
i think they're losing their pants in China so they decided to kill us since they got virtual monopoly here.........................
VOTE FOR PAP........................VOTE FOR PAP.........................this is what you get.........
-
If transport fares don't go up, how will revenue reach $4 billion or $10 billion?
-
It is quite astonising when your read this in 14/2/11's Today -' Dr Lim Wee Kiat Sembawang GRC who is chairman for the transport parliamentary commitee said he welcomed the Public Transport Council s decision to defer to fare revisions to fourth quarter. But as transport operators also faciing higher costs, any revision is likely to be upward.'
Why the mp dont ask for the dividend payment not to be increased or push for greater competition in the industry but ínstead agreed that fares should go up despite the so called 'steller report card for delgro' as reported. The same goes for the state media pro--glc stand for not asking tough questions.
It would be an emphatic 'NO' from a real pro-people mp....
-
those who can't afford can always walk...
they don't charge pedestrians.
-
In their UK subsidiary Metroline they can afford to give pay rise !
-
Originally posted by Clivebenss:
those who can't afford can always walk...
they don't charge pedestrians.
You have a point. -
Originally posted by Clivebenss:
those who can't afford can always walk...
they don't charge pedestrians.
hais...... i have to put up ERP for pedestrains -
Originally posted by Clivebenss:
those who can't afford can always walk...
they don't charge pedestrians.
not yet
-
Citing higher profits at its parent company, ComfortDelGro, which rose by 1.6 percent in the three months to June 2010, the UK Union wanted higher pay rise than what was offered. Do they even care that in SG it is a transport monopoly, where Singaporeans have been forced into paying higher and higher fares for decades?
This is not fair to both our commuters and drivers.
-
We need competition like In London 1572km2 , 7.56 million people, a variety of companies run buses under contract to London Buses.
They are:
companies owned by four of the Big 5:
- Arriva London
- First London
- Go-Ahead London (London Central, London General, Blue Triangle, Docklands Buses)
- National Express Travel London
- companies owned by two foreign-based groups:
- subsidiaries of diversified groups:
- social enterprises:
- Independent companies:
-
Originally posted by qpicanto:
We need competition like In London 1572km2 , 7.56 million people, a variety of companies run buses under contract to London Buses.
They are:
- companies owned by four of the Big 5:
- companies owned by two foreign-based groups:
- subsidiaries of diversified groups:
- social enterprises:
- Independent companies:
to my knowledge, london public transport was never making money
-
Originally posted by GHoST_18:
not yet
never underestimate what they can do.
Electronic Run Pricing, Electronic Walk Pricing, Electronic Jog Pricing, Electronic Crawl Pricing.
even babies not spared.
-
Originally posted by Clivebenss:
never underestimate what they can do.
Electronic Run Pricing, Electronic Walk Pricing, Electronic Jog Pricing, Electronic Crawl Pricing.
even babies not spared.
Soon even pedestrians will have to pay a fee to walk into Orchard Road or the CBD area.
-
-
-
This is a picture of 1-billion dollars.The state controlled co. revenues was 3.21 B !! please click on picture
-
oh
so more ppl take bus, revenue has to drop?
furthermore w/ distance fare, avg fares has dilluted away.
-
II think e fig is wrong. $549m from SBS bus alone.
Works out to be 62.67c per commuter.
-
The above figures are plucked from the papers .
More info
http://www.comfortdelgro.com.sg/financial/financial_results.htm
-
Originally posted by qpicanto:
The above figures are plucked from the papers .
More info
http://www.comfortdelgro.com.sg/financial/financial_results.htm
Tat's CDG's total revenue.It comes from buses in Singapore, UK, Aust, PRC, NEL, Taxis in S'pore, UK, PRC, Vicom, vehicle repair/ assembly, driving centre.
If want to mention more, the bus contracts in UK and Aust is based on paid scheme. They're paid a sum by e federal or state govt regardless of ridership.
If you want to know SBS's turnaround, go check from SBS's webbie itself.
-
Originally posted by qpicanto:
Citing higher profits at its parent company, ComfortDelGro, which rose by 1.6 percent in the three months to June 2010, the UK Union wanted higher pay rise than what was offered. Do they even care that in SG it is a transport monopoly, where Singaporeans have been forced into paying higher and higher fares for decades?
This is not fair to both our commuters and drivers.
you try to split e market, is there econs of scale when they procure diesel or purchase buses?Furthermore bigger bus coy, tendency is you've better resources to schedule bus dispatches.
-
Originally posted by sbst275:
you try to split e market, is there econs of scale when they procure diesel or purchase buses?Furthermore bigger bus coy, tendency is you've better resources to schedule bus dispatches.
You have a point there. The revenues from the influx of 1m of foreigners commuters must remain higher with even higher fares so that econ of scale is always guaranteed.