Tuesday, 23 December 2008, 8:32 pm | 947 views
Latest News: Power has been restored at the Singapore Flyer after outage trapped over 170 passengers for more than six hours. (See CNA report)
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20 Responses to “Raymond Lim on transport and oil prices”
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Raymond Lim thinks he is running a country full of idiots!!!!!
Raymond Lim the running dog, why not you say use water instead of diesel to run the buses. U think we are small kids, nobody says we want free rides. It is you who say that.
I think its wiser to distinguish what he said.
he said ‘not directly linked’.
by that, we cannot say that he said it is not linked at all.
to me, as a lay person, it means linked but indirectly.
correction of the me if i of the long.
Directly-linked or not directly linked, it’s semantics.
If the transport operators said high oil prices is the “main justification” for asking for fare hikes, then it is linked.
No need to play with words.
if anyone say anthing wrong must come out and say sorry.
no matter who he or she is. or no matter how much salary he or she earn.
stta president has say sorry. and we forgive her.
when will you say sorry?
we will forgive you also.
aiyoyo
still dont know there’re so many kiang ELITEs out there,
but as the movie says kiang dio ho, mai kay kiang…
越描越黑
aiyoyo
What Raymond Lim said was definitely disappointing. However I was even more saddened by the tone of his voice and the way he answered those quesions raised by concerned residents who were affected by high cost of transportation.
He was really talking down to the residents. Somehow you get that feeling that he (and some other ministers) is really out of touch with the heartlanders.
This financial crisis has somewhat shown the kind of quality our ministers are made of. It’s ranked “F”.
Is there a possibility that he had a hearing defect and as such, mistakenly heard the audiences asked for free public transports services?
But, no mistake that he was talking down to the audience, such arrogance!
Be humble though YOU ARE PAID SIN $MILLIONS as a minister.
patriot
If the people, don’t want him to earn million dollar, you can always vote him out in the next election. I think this guy is not a talented minister, what for pay him so much ? Waste resources, waste tax payers money. You can get others who can accept half the salary. Pay him so much can’t solve problem, what is the use?????????? He is the same as LIm Swee Say, Lim Boon Heng, Mah Bo Tan, ” chao durian” $10 for 3 kind of durian
He is a Professor OK. He read and teach more than you eat rice OK. How can he be wrong???
Singapore Flyer problem:
How can? how can like this wan?
Did the maintenance team have the competency to maintain well?
Should check everything before operational right?
Daily preventive check got or no got?
Singapore Flyer leh, no joke leh. Got visitors many many leh. like that lose face how cans?
Again, shall we move on or someone will be Responsible if not Accountable for anything?
Transport company says oil price increase result in fare increase and Professore
Raymond Lim says oil price not linked to fare increase Who is saying the truth???
Without this Singapore Flyer Glitch problem, how to ask for Flyer ticket price increase to pay for more expensive and capable maintenance teams.
[i]Power restored at Singapore Flyer
By Imelda Saad, Channel NewsAsia | Posted: 23 December 2008 1843 hrs
Photos 1 of 3
SCDF rescuers lower down a woman passenger stuck in the capsule.
Related Videos
Over 100 people trapped in Singapore Flyer
SINGAPORE: The world’s biggest observation wheel began turning again late Tuesday after a power disruption that left more than 170 passengers stranded above ground for about six hours.
The Singapore Flyer resumed rotating at about 11:11pm (1511 GMT) to allow the trapped passengers to get out, AFP reporters saw.
A few lowered themselves down to safety in a sling-like device from one of the observation capsules before the Singapore Flyer eventually began turning again to allow other trapped passengers to get out, an AFP reporter saw.
At least one person was taken away on a stretcher, an AFP reporter witnessed, after power was restored [/i]
offtopic
woah!
first time in life
buy one get one free
free spiderman bungee jumpin
singapore flyer
you done us proud
lucky for you
this is not america
or else your karchng tear even
if mr sarjit singh were your best defence attorney@large
civil defence
another realife trainnin for you
wondered when would jackneo make a disaster movie out of this one?
and yes
where were our prince the prime minister?
he too is spiderman class
last hear
he become a hero
rescuing cable car riders
today?
why
too windy har?
Subsidies a tripping point
Free rides could mean GST of 8.5%, says transport minister
Monday • December 22, 2008
Leong Wee Keat
http://www.todayonline.com/articles/293782print.asp
——————————————————–
1.8% cap on any bus, train fare hike this year
Christopher Tan, Senior Correspondent
ANY decision this year on raising bus and train fares will be known only in August at the earliest, instead of the usual May announcement in previous years.
And if the Public Transport Council (PTC) approves an increase, fares will go up by 1.8 per cent at the most, a spokesman for the council told The Straits Times.
For most commuters, this could mean an increase similar to last year’s one- to three-cent hike, when the cap on fare increase was set at 1.7 per cent.
The new deadline and the cap on how high fares can go are the result of a change in the formula adopted by the PTC last year to work out bus and train fare increases.
Traditionally, SBS Transit and SMRT submit their applications by May 1, and revisions take effect in July.
But last year, because the PTC was busy adapting to new regulatory powers, the fare adjustment exercise was delayed by three months.
It has decided to stick with the new deadline.
‘Operators will have till August to apply. Henceforth, all adjustments will be from October,’ the PTC spokesman added.
As for the 1.8 per cent cap this year, it is based on a formula that takes into account current economic conditions, average wage increases as well as productivity gains of the public transport companies. It also allows fares to be lowered when the economy is in deep recession.
Both operators declined to say if they will ask for a fare increase, but it remains to be seen whether the planned two-percentage-point rise in goods and services tax (GST) in July will influence the decision.
A two-point rise in GST to 7 per cent translates to about $22 million in additional cost to the two operators.
Singapore introduced GST in 1994, starting with a 3 per cent levy. It was raised to 4 per cent in 2003, and 5 per cent in 2004.
Although GST was never passed on directly to public transport commuters, it is computed indirectly in the fare adjustment formula, which takes inflation – represented by the Consumer Price Index – into consideration.
SMRT spokesman Goh Chee Kong said: ‘The fare adjustment formula takes care of wage increases, Consumer Price Index and productivity. So any increase in GST will be accounted for in the Consumer Price Index.”
In the past two years, the operators cited higher oil prices as the main justification for a fare rise.
A senior transport analyst said GST had never been fully passed on to commuters, but added that ‘the formula will prevail because we are not in a deflationary economy’.
Source: The Straits Times, 23 March 2007
“He is a Professor OK.”
Okay. Where is his thesis ? I smell a lot of bullshit in his thesis and I want to read it. Did he buy his thesis because his intelligence and research capability are in serious doubt.
What the F is Transport compnay fare increase is NOT directly link to the oil price. so what its link to ? economics factor ? then, if the economics is down, should the fare also be down ? or I think is in-directly link to the weather !! when the temperature is higher, the fare increase.. so when during year end here in singapore, the fare should be lower a bit !!
I thought Raymond was an ABN Amro banker before he became the transport minister? He is lucky he beat a hasty retreat before the subprime thing happened. Since he became a minister his head has swelled so much he now thinks that Singapore is full of idiots and only he and a handful of his colleagues has any real brain power. That is probably the reason why he is so arrogant now. Well, what to do, the 66% asked for this kind of leaders and got this manager instead.
There are so many other forms of taxes. He could have easily suggested to increase the income tax of the top bracket income earners instead. This will be in line with helping the poorer population through ‘wealth transfer’, and encouraging the more well-off to take public transport since they are the ones who funded the transport system. By suggesting to increase GST is akin to taunting Singaporeans. Makes me so mad!