inSing.com, 4 Jun 2012
Singaporeans may have to pay more for public transport in 2013.
In March, Transport Minister Lui Tuck Yew said that there would not be a fare adjustment this year because a review of the formula and framework would have to be done first.
This means, the revisions in 2013 may mean higher fees (for commutors) because fare adjustments are being skipped this year.
Transport economist Michael Li from the Nanyang Business School said he believes “fees will go up because the operators are struggling.” Full story