Original sentence: On 12 September 2006, the PTC approved applications from local transport operators SBS Transit and SMRT for an overall increase in bus and train fares of 1.7%.PTC is also authorised to issue and do amendments to bus service licences, and advises the Ministry of Transport on areas such as conditions on licensees and imposing of penalties on non-complying licensees.PTC is responsible for setting up the Fuel Equalisation Fund, the Night Bus Scheme and the annual public transport fare regulations.The PTC has justified the increase in fares based on the positive economic outlook in 2006 and a comparison of average public transport fares with the cities of Hong Kong, London and New York.The Public Transport Council (Abbreviation: PTC; Chinese: 公共交通理事会, Pinyin: Gōnggòng Xiāotōng Lǐshìhuì; Malay: Majlis Pengangkutan Awam) is an independent regulatory statutory board under the Ministry of Transport of Singapore, established on 14 August 1987 by the Public Transport Council Act of 1987.This latest fare adjustment took effect on 1 October 2006
Edited sentence: ) regulatory statutory board under the Ministry of Transport of Singapore, established on 14 August 1987 by the Public Transport Council Act of 1987.Funny enough, PTC use the good economic outlook as a justification of fare hike in its most recent report.In reality, PTC seldom disapprove fare hike, even when the economic outlook was bleak a few years ago, whereby the approval of fare hike cause a huge uproar in the republic.PTC justify the fare hike by comparing the fare of Hong Kong, London, and New York as these cities have higher fare compare to Singapore, but conviently ignore other cities like KL, Jakarta, Manila and others.The Public Transport Council (Abbreviation: PTC; Chinese: 公共交通理事会, Pinyin: Gōnggòng Xiāotōng Lǐshìhuì; Malay: Majlis Pengangkutan Awam) is an independent(.Therefore, according to PTC's logic, the public transport fare will go up regadless of the outlook of the economy