Wednesday, August 20, 2014

Fuel subsidy bad idea that is getting worse

breaking news: "Together with a smaller electricity subsidy, the handout is expected to cost the country $31 billion next year, according to a draft 2015 budget released last week. That’s equivalent to about 18 percent of total government spending. The subsidy leaves public finances vulnerable to fluctuations in the global oil price and the currency. And it enables households to spend more on imported consumer goods. The result is a yawning current account deficit: 4.3 percent of GDP in the second quarter. If U.S. interest rates rise next year, investors may balk at financing the trade shortfall, just as they did in the summer of last year."

Sunday, August 10, 2014

Penang Targets 40% Public Transport Usage by 2030

malaysiadigest : "GEORGE TOWN -- The Penang Transport Master Plan aimed to have a 40 percent public transport usage by 2030 from 3.2 percent currently recorded."

Thursday, July 31, 2014

Bangkok free buses and trains extended yet again

สำนักข่่าวแห่งชาติ: "BANGKOK, 29 July 2014 (NNT) – The National Council for Peace and Order (NCPO) has resolved to maintain the free bus and train services for another six months and approved in principle the strategic framework on logistics development. "

Thursday, July 24, 2014

Malaysia - 18 road deaths per day

Free Malaysia Today: "“Malaysia recorded an average of 7,000 road accident deaths annually and 18 daily.”
He added that according to the Malaysian Institute of Road Safety Research (MIROS), the numbers will increase to 29 deaths daily by 2020.
On average, Malaysia had about 24 deaths per 100,000 population and in 2012 Malaysia had an annual 2.98% increase in the number of road accidents.
“Road accidents costs the nation an average of RM9 billion annually due to losses of among others, human resources, legal processes and damages to the infrastructure,” said Idris."

Sunday, July 6, 2014

Lower fares for 140,000 from today

AsiaOne News: "SINGAPORE - Thousands of low-wage workers and the disabled can enjoy subsidised travel on public buses and trains, under two Government-funded concession schemes that kick in today.

The Ministry of Transport said last week that it has issued concession passes to about 133,000 workers who earn up to $1,900 a month, and to some 7,000 people with disabilities."


Thursday, June 26, 2014

Extension of free bus and train services considered

thainews.prd.go.th : "BANGKOK, 25 June 2014 (NNT) - The Transport Ministry’s permanent-secretary has proposed to the National Council for Peace and Order (NCPO) to consider extending free bus and train services until the end of 2015.
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