After years of being told our public transport fare hikes were because of fuel prices, today we learn a new thing about why public transport fares are NOT coming down, from our transport minister, Raymond Lim:
Mr Lim explained: "This is because the public transport fare is not directly linked to the oil prices. We link it to national factors, like the inflation level in Singapore, and the wage level in the whole of Singapore."
(via CNA)
Good thing Singaporeans don't have the habit of expressing themselves with their shoes. It would be hard to dodge more than one pair.
To reader Len: Yes, Singapore follows the Viagra Overdose School of Economics when it comes to prices — Easy to Go Up, Hard to Come Down.
