Konsortium Transnasional Bhd (KTB) wants a fare increase…

KONSORTIUM TRANSNASIONAL BERHAD [S] (4847) is listed on the Kuala Lumpur Stock Exchange.

Revenue
Year up to 30 September 2014: RM163,352,000
Year up to 30 September 2015: RM129,686,000

Profit
Year up to 30 September 2014: RM4,661,000
Year up to 30 September 2015: RM1,845,000

KTM fares are up. Taxi fares have gone up. Bas sekolah fares are likely to go up even if the authorities say no.

Next, will the fares go up for inter-city travel by express bus?

Express buses are the common form of travel for rural and small town rakyat. They can’t afford the electric train.

30 December 3015

KTB wants ‘long overdue’ fare hike

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Malaysia’s largest express bus company Konsortium Transnasional Bhd (KTB) is appealing to the government for what they say is a “long overdue” fare increment.

“Our cost of operations went up in view of the depreciation of the ringgit and the impact of the goods and services tax.

“The cost of operations, including maintenance and spare parts, keeps increasing but we are not passing the cost to consumers,” managing director Tan Sri Mohd Nadzmi Mohd Salleh said today, without disclosing the extent of the cost increase as the company is still working out the numbers.

The Land Public Transport Commission (SPAD) announced in March this year that there would be a fare increase for both taxis and express bus services.

However, the government only approved the fare increment for taxis and put a hold on the fare increase for express bus services. – Bernama, December 30, 2015.

– See more at: http://www.themalaysianinsider.com/malaysia/article/ktb-wants-long-overdue-fare-hike?utm_source=dlvr.it&utm_medium=twitter#sthash.XpP4KZ6p.dpuf

Malaysiakini

Bus company Transnasional appeals for fare hike

Malaysia’s largest express bus company Konsortium Transnasional Bhd (KTB) has appealed to the government for a fare increment, saying it is long overdue.

“Our cost of operations went up in view of the depreciation of the ringgit and the impact of the Goods and Services Tax.

“The cost of operations, including maintenance and spare parts, keeps increasing but we are not passing the cost to consumers,” managing director Mohd Nadzmi Mohd Salleh said in Kuala Lumpur today, without disclosing the extent of the cost increase as the company is still working out the numbers.

https://www.malaysiakini.com/news/324967

Picture of the day 😍 transnasional skyview 3 😍😍

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