Public transport fare adjustment now on review

PTC will complete the assessment by 1Q18.

The Public Transport Council has commenced the review of the public transport fare adjustment formula and mechanism.

The council targets to complete the necessary review by the first quarter of 2018, and apply the reviewed formula and mechanism starting from the 2018 annual Fare Review Exercise.

In the review, the PTC will examine the effectiveness of the current fare adjustment formula and mechanism, and propose improvements in consideration of the changes to the public transport industry.

The review will be focussing on maintaining a good balance in keeping public transport fares affordable whilst ensuring the financial viability of the public transport system.

During the period of review, the council will be engaging with the commuters, as well as transport operators and experts.

Meanwhile, the current fare adjustment formula and mechanism will remain valid for the 2017 Fare Review Exercise.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

ARA LOGOS is currently on the 13th spot.
Meanwhile, the demand for petrochemical exports benefitted from this same crisis.
This is expected to speed up the electronic exchange of trade documents.
This is in support of achieving Absolute Zero Carbon by 2040.
Adults will only shop if goods are discounted by at least 48%, survey says.   About 54% of 1,001 Singaporean adults have plans to shop during the Black Friday sales but only if prices of goods are discounted by at least 48%, a survey from Finder.com showed.
This move is in line with its goal to accelerate recommerce growth in SEA.
The notes were released under its $3m Multicurrency Medium Term Note Programme.
Singtel showed the most growth.
Re-exports also saw an increase of 16.4% in the same month.
The marine company apologised to its workers at the dorm.
SG electricity demand peaked at 7,667MW in October 2021.
The two aim to accelerate the progression of AI.
It will focus on sustainable opportunities for companies in Singapore.
Cargo load factor, however, was down by 1.6% YoY to 97.3%.
Despite this, KF pegs their estimated total sales for the year at 13,000 units.