KTM needs RM 550 m annual revenue to break even, hopes to revise fare News
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 Oct 14 2013, 07:16 PM
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#1
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Senior Member
1,696 posts Joined: Dec 2006 From: Genting Casino Bank Vault   
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I am dumbfounded how each and every time a GLC privatised company makes a loss will state cheap fare/fee as a reason.
For god sake, you have no direct competitor and you still can make a loss. Pure idiots I would say. If you dont know how to run a business, let someone else do it. |
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Oct 14 2013, 07:34 PM
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#2
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Senior Member
1,696 posts Joined: Dec 2006 From: Genting Casino Bank Vault
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QUOTE(empyreal @ Oct 14 2013, 07:26 PM) the point of a monopoly is to charge as high a price as you can (actually, to charge as high a price at the same time limiting production, but that's too detailed). when the price is regulated and you CANT charge as much as you want - say, 5 times what it is now - there's really no point being a monopoly now, is it? which comes back to what I said in my post. If a company has total monopoly of the train business and still make a loss, baik tutup saja. dumbfounded no more.  A smart firm will be able to fully monetize its asset rather than letting it lay dormant or generate zero income while still setting reasonable fare. |
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