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SINGAPORE : The prices of coach tickets to Malaysia are going up.
A ticket to Perak now costs an average of S$97 - a four-year high.
Compared to the last Lunar New Year season, the latest price is about 20 per cent higher.
This is the biggest hike after 16 operators and the Express Bus Agencies Association were fined in early November for price fixing.
They were fined a total of S$1.69 million by the Competition Commission of Singapore.
Operators of express coaches say tickets for February 12 - two days before the Lunar New Year - are almost sold out.
But there is a silver lining: they say ticket prices are usually determined by demand, and they expect a drop of 40 to 50 per cent in January, which is usually considered a slow month. - CNA/ms
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