SMRT

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There was a documentary on rail drivers in Japan under ultra high stress because they need to stick strictly to arrival schedule, or face harsh punishments. A fatal train accident resulted, think is the Amagasaki rail accident which resulted in 106 death.

Search wiki to read more about the Amagadaki rail accident
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The fine is close to 6% of the latest net profit (FY2015: 91 million)...

(not vested)

SMRT to be fined record $5.4 mil for July 7 breakdown

SINGAPORE (Sept 23): The Land Transport Authority says it is imposing a fine of $5.4 million on transport operator SMRT for the system-wide disruption on the North-South and East-West Lines (NSEWL) on July 7.

Chew Men Leong, Chief Executive of LTA, says: “After a full and comprehensive investigation, LTA concludes that the disruption is due to maintenance lapses by SMRT. LTA hence intends to impose a high financial penalty on SMRT in light of the seriousness of the incident, and given that several hundred thousands of train commuters, as well as motorists and bus commuters, were inconvenienced by this disruption. We require SMRT to review and improve their maintenance regime to prevent future occurrences.”

This is the highest financial penalty imposed on an operator since the two disruptions in December 2011, which affected about 221,000 commuters and for which SMRT was fined $2 million.

The fine will go to the Public Transport Fund to help needy families with their public transport expenditures.
...
http://www.theedgemarkets.com/sg/article...-breakdown
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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The competition in human resources, will intensify over time, when more players getting into the market. Granted, the newly contracted bus service fee will be adjusted for changes in wage level, but shouldn't on cost increased due to competition.

(not vested)

SMRT offers up to $3,000 in referral bonuses for staff in recruitment push

SINGAPORE - SMRT is offering up to $3,000 in cash incentives to employees for referring new hires.

The transport company is looking at recruiting some 700 new staff for its rail and bus businesses, it said.

The estimated 9,000 existing staff stand to earn cash rewards of up to $3,000 for each successful new candidate under the company's enhanced employee referral scheme.
...
http://www.straitstimes.com/singapore/tr...tment-push
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Anyone in the transport industry know... they face a big image problem, which is affecting their ability to hire.. It's not as simple as not enough engineers.
You can count on the greed of man for the next recession to happen.
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A very rare accident, with the rigid SOP of train operation...

Two SMRT workers die in Singapore rail accident: report

SINGAPORE (March 22): Two maintenance staff from SMRT Corp. died on the tracks of a commuter rail line, the Straits Times newspaper said, citing the Singapore train operator’s Vice President for corporate information and communications, Patrick Nathan.

The accident happened around 11:10 a.m. local time near a servicing point near Pasir Ris MRT station in the city’s east on Tuesday. Train services on the East-West Line between Tanah Merah and Pasir Ris were halted temporarily, the newspaper reported. The company is working with the police to investigate the incident, it said.
...
http://www.theedgemarkets.com/sg/article...ent-report
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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(22-03-2016, 04:14 PM)CityFarmer Wrote: A very rare accident, with the rigid SOP of train operation...

Two SMRT workers die in Singapore rail accident: report

SINGAPORE (March 22): Two maintenance staff from SMRT Corp. died on the tracks of a commuter rail line, the Straits Times newspaper said, citing the Singapore train operator’s Vice President for corporate information and communications, Patrick Nathan.

The accident happened around 11:10 a.m. local time near a servicing point near Pasir Ris MRT station in the city’s east on Tuesday. Train services on the East-West Line between Tanah Merah and Pasir Ris were halted temporarily, the newspaper reported. The company is working with the police to investigate the incident, it said.
...
http://www.theedgemarkets.com/sg/article...ent-report

RIP and condolences to the families...hope they find out the root cause of it
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terrible... now lost of life..2! what ia WRONG with SMRT?!!!

RIP and condolences to families!!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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Rainbow 
15 man, led by supervisor walking in single file. The deceased were 2nd and 3rd man.


Weird accident.

[Image: 220316%20SMRT%20accident%202%20man%20kil...mbnail.jpg]

Heart Love Compassion
感恩 26 April 2019 Straco AGM ppt  https://valuebuddies.com/thread-2915-pos...#pid152450
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The standard of news reporting by SPH reporters is substandard.
The basic questions:
Who
What
When
How
Where
Why

is seldom followed... and there is poor sequencing.
( not to mention careful placement of certain words to
colour certain situations in order to favour or to stain )

"I KEEP six honest serving-men
(They taught me all I knew);
Their names are What and Why and When
And How and Where and Who...."
Huh
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World-class SMRT is always in the limelight ! Another isolated case ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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