Chinatown shopping for the lunar New Year. Taken on 5 Feb 16.
SMRT profit soars to $150 mil
Full year profit soared despite higher fuel and operating cost. Profit rose by 10.7% due to higher ridership and other incomes.
So will fare price come down? I don't think so looking at oil prices. I think more increases are likely if the mindset and past precedence are to go by. And the reasons of the past can always be pushed out again and again.
And don't forget that they are answerable to the shareholders to bring in ever increasing profits.