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Effect of Price Increase in Transport ($5.30 more per month?)
By Singaporean Talks Money  •  September 9, 2018

Public transport is very important in most Singaporean's life, we rely a lot on the public transport because cars and motorcycles are expensive in Singapore. So it was recently reported that there could be a 4.3% increase in our fares. So recently, water and gas prices have also increased and I think generally everything has increased in price.


My family was having a discussion recently and I of course, feel that the price increase is not so good given the recent earlier ending times and upgrading going on. On the other hand, my brother mentioned that Singapore's transport fares are actually one of the most affordable within all the developed countries so he finds that the increase is reasonable.

He also mentioned that there are reasons why the fare would be increased and they did explain. In the article from ChannelNewsAsia, "Last year's energy prices, which will be factored in this year's

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By Singaporean Talks Money
I am currently a 23 year old university student in SIM. I hope to be able to grow my money and see the power of compound interest. I became interested in investing when I took a gap year and worked full-time. I realized that by just saving, it was very difficult to achieve my financial goals hence i read up on investing.
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