31-03-2020, 09:16 PM
CY, you are right. I remembered incorrectly. I recalled that SBS had very poor financial performance before the Bus Contracting Model (2016). I just checked, to rephrase, it should be substantial declining profits from $54 million (2010) to $11 million (2014) to $16 million (2015), due to rising capital and operating expenses, while being tightly regulated on fares (national service).