Keretapi Tanah Melayu (KTM) has come out to defend the recent fare hike for its KTM Komuter service, saying that the move would not increase profits but rather lessen the losses that the service is incurring, Malay Mail Online reports.
On November 2, KTM had announced a fare increase from 11 sen per kilometre to 15 sen effective December 2, a move it said was necessary to prevent further losses being incurred by the company – KTM said fares are supposed to cost at least 20 sen per km, and its operating couldn’t cover its operating cost.
Its president Lt Col (Rtd) Sarbini Tijan said the rail operator was expected to make losses of RM55 million this year despite the fare increase, the first such revision for the KTM Komuter service since February 2003.
He said that the firm had requested RM200 million this year to cover the funding gap for all its operations, and the government had only allocated RM60 million. As such, the fare hike is anticipated to reduce the funding gap for its Komuter service component from RM150 million to around RM106 million.
He added that the increase in ticket prices was offset by a vastly improved service, which has seen Komuter trains become more reliable in terms of scheduling, with a 97% on-time service compared to before – the company showed through a fact sheet that only 17% of its Komuter trains were on time in 2011, but this was now 97% as of October this year.
Sarbini disagreed with the notion that the hike in Komuter ticket prices will lead to more commuters switching to other forms of private transport. He said that the increase will be offset by multiple discounts given to regular users of the Komuter service as well as those with Touch ‘n Go cards.
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RIP malaysian public transport
Kerajaan anda, hukum anda puas puas. Masih lagi nak undi BN ke?
Ingat, musuh anda bukan kaum lain, tetapi kerajaan anda sendiri.
Tahun ini, kerajaan Malaysia akan untung tax paling tinggi sejarah Malaysia 50 tahun.
Dari GST sahaja, Kerajaan sudah pungut RM50 billion dalam 6 bulan. Itu GST sahaja. Belum kira income tax, corporate tax, eksais and duty, investments by EPF, Khazanah, PNB etc etc.
Tahun ini, kerajaan Malaysia akan untung beratus billion lebih berbanding tahun sebelum ini.
Tapi, kerajaan masih nak hantam orang bangsa dia sendiri!
Necessary hike to feed the notorious KTMB staff union. Bloated workforce all ganged up to reject acquisition by DRB Hicom. They know for sure DRB or whoever wants to improve the business will rationalise manpower.
The rakyat suffer for a few who cling on to their low pay low performance job culture that is KTMB.
Now everything has gone up, next thing to further hurt our mobility is for the government to hike roadtax, car excise duty, driving license etc.
Is it really a loss or leakages? If loss due to mismanagement, then the management should be changed!! Stop leeching public money to plug the leakages due to the inefficiencies!
-BigBalls-
KTM is obviously Mismanaged. For exmple, all the advertisement spaces in the coaches are left blank instead of being rented out; new ticketing machine are left lying around uninstalled.
Is the Management angling for a buy-out at give-away prices before bucking up to turning the business around?
rakyat will more suffer
do they care for rakyat? They only care for their pocket
Puzzle?? Improve productivity but cost increase. Very old tough..hmm
driving a viva /axia the operating cost is lower than 20sen per kilometer. i dont know how come KTMB train can carry up to few hundred of people but yet operating cost is so high.
Correct the title. The action taken is not to reduce the loss, it is to cover G’s discounted subsidies.
That the result of pendapatan tinggi policy which against Islamic value… This policy definitely make them bankrupt
buying new locomotive and coaches must be transparent otherwise probably big commission will be transfer to consumers shoulder. just my guess…
People enjoy free ride anyway as the TNG lane unmanned in most of stations… Stop the leakage 1st
“97% on-time” my ass lah..This Sarbini need to be on the train during peak hour. Don’t just sit at the office and then saying punctual la, decrease waiting time la..all bullshit
BTW, the business model is like if the company untung, then share to themselves only. If rugi, share to the public..wtf
Why there still many votes for BN najib? Every election, got people still vote for BN najib. Lets all vote for a change, enough la with this gomen, we always to be blame for everything. Everything is UP.
I see in japan most of their train easily more than 20 years old. They maintained their train well so that they no need to buy new train. This will keep the cost low. In malaysia pakai sampai jahanam. Klau rosak beli baru. Dapat pg korea, japan. Lepas tu complain tak cukup duit. Another thing is that what they are saying is that if u pay cheap u cannot get train on time. It is the same infra n train. The difference is only how they manage. What a stupid brainless statement.
Hike price to reduce losses? Let me manage for you all this dumb ass. Malaysia really no hope.
Simply dont understand how come all these monopoly(or almost monopoly) type of business always say loss, loss and loss. While a lot of great people they never had this ‘relationship’ to own any of these kind of good businesses, still put their company profitable even at much more challenging situations.