Public Transport Fares Hike 7%, SBS to benefit?
@SirBahamut：
$COMFORTDELGRO CORPORATION LTD(C52.SI)$ The Public Transport Council (PTC) has announced that bus and train fares will increase by 7% from December 23rd, 2023. This is lower than the 12% increase that would have been applied under the revised fare formula introduced in April 2023. The maximum permissible fare adjustment for the current review is 22.6%, which takes into account the 10.6% increase that was deferred from the 2022 fare review exercise. The increase is mainly due to rising energy costs, core inflation, and wage growth. SBS and SMRT are expected to see their annual revenue increase by S$20.9 million and S$42.4 million respectively. The Public Transport Council has required that SBS and SMRT contribute 1