KICK! HIT! GOAL!!!.

The public transport is asking for more profit AGAIN, the bus and MRT fares are going to increase, their excuse would be due to the rise in price of diesel, thus they need more money . However, their profit level also increases more than proportional, forming inelasticity of demand and supply.

Being a monopolistic firm, the proposals they give to the higher power would be revised thoroughly, I hope. When MRT was still under nationalisation(under control of govt), service standards were pathetic, there were no frequent checks to deter terrorists, not many stations emphasized the importance of safety, that explains the new alternative to suicide - JUMPING THE TRACKS.

Now, SMRT, SBS are privatised, oh boy arent they happy to dominate the market? Asking for price hikes biannually, clever for the govt, they now intervene to deter the abuse of the transport of public transport. The government now expects higher service standards, if not strictly adhered to, they will be fined.

MEAL - now for evidences.

The SMRT has announced a profit after tax of $135.8m for financial year 2007, an increase of 31% from the previous year. (Link)

In the years 2003 to 2007, SMRT’s profit after tax are as follows:

2007 = $135.8m

2006 = $103.6m

2005 = $126.6m

2004 = $90.2m

2003 = $72.2m

I am sure u do not need the % increase of their profit.

Anti thesis,

Even though the public transport sector is earning supernormal profits, govt intervention will keep Singapore's transport's infrastructure competitive,
besides SMRT has promised to set aside 10million to help the needy IF the proposal for the price hike succeeds the next quarter.
I am glad to see that inequity in Singapore is trying its best not to worsen as it already is presently( one of the worst in Singapore), I certainly expect they make full use of the money to increase
expenditure of skills upgrade of workers and their productivity,
improve facilities and efficiency of public transport,
greater deterrence in suicide attempts and terrorism.
The micro view of a price hike may be unfriendly but, like the GST hike, Singaporeans should look at the progress of Singapore as a nation , to be a BETTER developed country, and not be close minded about our small and vulnerable economy.

Cogent conclusion.

.][-Splattered my blood on
10:28 PM