Commenting on the 13% fare revenue support scheme, SMU Assistant Professor of Strategy & Entrepreneurship (Education) Terence Fan said that the 13% fare subsidy is a way to partially offset the sudden price increases and to soften the unexpected impact from the situation in the Middle East. Asst Prof Fan added that it is unlikely that the Government could fully compensate for all of the changes and negative impacts that the Middle East crisis will have on businesses, individuals, and households.
