Singapore’s next General Election will be a “deadly serious” fight between the ruling People’s Action Party (PAP) and the opposition … every seat, GRC and SMC will be a national contest, and not just a local one … every seat will be a General Election, not a by-election. (CNA)
Ah yah, why PM like to talk big and cock? Juz do the right, fair things by S’poreans and trust S’poreans to be fair-minded. After all, daddy, for all his bullying and intellectual thuggery, made sure public housing was really, really affordable. and the heartlanders willingly gave the PAP their votes. Earlier, he made sure that the streets were kept clean, portholes mended, and clean water, electricity and sanitation provided at affordable prices.provided. And the votes followed. (and taz why I don’t begrudge him the office that many say he has in the Istana.)
An example comes to mind where PM can ensure that his administration does what’s fair and reasonable and that will benefit most S’poreans.
The price of oil has fallen from almost US$115 a barrel in June to around US$70.
This fall in oil prices makes it a no-brainer for a fair, reasonable govt, with a GE coming, and S’poreans unhappy with stagnant real wages for the PAP administration to make sure that public transport fares don’t rise in 2015*, and if oil remains near US$70, in 2016.
After all, SMRT’s Vice-President for Corporate Information and Communications Patrick Nathan said in November: “We seek a better alignment of fares and operating costs, and will be submitting our application for a fare review in the coming weeks.”
Well with oil at US$70, one of the two major component for operating costs, is dropping rapidly. The other,btw, is wages.
So is there a need for fares to rise in 2015? Bet you when fares are raised, as they are likely to, the excuse will be that fares were held down when the price of oil was above US$100. So only fair to raise them now.
Let’s see if the PAP administration is smart enough to deviate from the Hard Truth of “Always make S’poreans pay and pay”, what with a GE coming and S’poreans facing stagnant real wages. Anti-PAP born-losers should be hoping that the PAP sticks to its hardest of Hard Truths.
*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.
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. (CNA)
The new fare adjustment formula is now based on core inflation (excluding property and car prices), average wage increase and an energy component.