Sunday, July 10, 2011

Volume 3 Issue 28: Two-Cent Economics

Singapore's Bus System Lottery

Singapore's Future MRT Map

Awesome article on how to FURTHER improve Singapore's bus system:

The government of the city state of Singapore—11m public transport journeys a day, average commute time 35 minutes—is planning to pilot an incentive scheme later this year to do exactly that. Commuters will earn credit for each journey taken (triple credit for off-peak journeys) to earn a chance of cash prizes in weekly lotteries.

Singapore's public transport system should be one of the wonders of the world. I know it is not perfect. If you think about it, nothing is. But if anyone of you really tried public transport in Malaysia and then compare it with that of Singapore, you will totally understand what I mean. Refer to my previous article. In Malaysia, you can barely get into a cab without being ripped off. That's not even public transport.

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