This article explains how public transport fares are set in Singapore. It discusses the fare formula, which is based on five components: the core consumer price index, the wage index, the energy index, the productivity extraction factor, and the network capacity factor. The article also discusses how the government subsidizes public transport and how the fare adjustment is decided.
Which index tracks the annual wage growth of workers in Singapore?
Which of the following is not a concessionary fare group? a) students b) senior citizens c) adults d) workfare income supplement recipients
Which of the following does not affect the fare adjustment? a) core consumer price index b) wage index c) energy index d) network capacity factor
Previous