Did SBST has similar initiative?
SMRT consults international experts to improve rail network
SINGAPORE — SMRT has consulted several engineering and transport experts in its inaugural SMRT meeting with the aim to improve the operational performance of Singapore’s rail network, the transport company said today (Jan 7).
The Technical Advisory Panel — consisting of seven international and local technical experts from A*STAR, National University of Singapore, Nanyang Technological University, Singapore University of Technology and Design, Imperial College, KCPM Consulting and Sentosa Development — held its inaugural SMRT meeting yesterday and today.
During the meeting, the Advisory Panel gave advice on SMRT initiatives covering rail engineering development, business process re-engineering and technological innovation.
...
http://www.todayonline.com/singapore/smr...il-network
SMRT as a listed company and from shareholder point of view, it should be looking to maximize profit. So if all these initiatives result in more cost and lesser profits, then it should be a no no. However, the good thing abt SMRT is, if it makes lesser profits due to this, they can always ask for increased fare from the Transport Council.
Not vested.
(07-01-2014, 10:54 PM)Bibi Wrote: [ -> ]SMRT as a listed company and from shareholder point of view, it should be looking to maximize profit. So if all these initiatives result in more cost and lesser profits, then it should be a no no. However, the good thing abt SMRT is, if it makes lesser profits due to this, they can always ask for increased fare from the Transport Council.
Not vested.
SMRT already made lesser profit, and failed to get fare increment for the last few years. Will the situation change? May be much better now, but lesser profit (due to higher consultancy service) still isn't part of the fare formula.
SMRT got cash cow, those properties around the stations. In term of cash flow they are healthy. But the pressure is many people are advocating the public duty of smrt, and many are still waiting to see the improvement in the service and train breakdown. And Gov is working w SMRT to improve. But, I believe this company will return to its glory days, after all its like sph, SP, singtel. I am sure all the hiccups will be resolved by 2016.
SP?
Is there any Public Shareholders?
Maybe through SP Ausnet.
From Wikipedia, the free encyclopedia
(Since 1995, Temasek Holdings controls the entire company with a 100% stake.)
PAPy's policy?
My mistake, SP is not listed yet. Its own by Singapore. So it is owned by Singaporeans? haha
One more variable will be added into rail operator's PnL. The FY2013's train fare revenue of SMRT is about S$608 mil, and will likely in a uptrend...
Revised penalties for rail disruptions to be unveiled this month
SINGAPORE — Details of the revised penalty framework for train operators are expected to be announced this month, said Senior Minister of State for Transport Josephine Teo.
The review followed a high-level Committee of Inquiry recommendation that the Land Transport Authority (LTA) improve its oversight of train operators’ maintenance and handling of incidents, following two major breakdowns in December 2011.
Under the revised framework, the LTA is expected to adjust penalties for failure to comply with operating performance standards and codes of practice. The LTA said last year it intends to peg the maximum fine for a disruption to a percentage of an operator’s annual fare revenue for the affected line. The current cap is S$1 million per incident.
...
http://www.todayonline.com/singapore/rev...iled-month
Soon we will know the belated "increment"...
PTC to announce decision on bus, train fares on Thursday
SINGAPORE — The Public Transport Council (PTC) has decided on the two public transport operators’ applications to raise fares for bus and train services, and will announce its decision on Thursday (Jan 16).
...
http://www.todayonline.com/singapore/ptc...s-thursday
finally, some common sense! fares up up and away!
seems like inflation is creeping in basic goods, unavoidable though I guess..this will fuel another wave of inflation on other goods & assets?