SMRT

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One of the biggest change is many senior executives , including the engineer director were replaced by the countrymen of Ah Lian.
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Those interested to make a comparison with HK MTR might find this useful: http://www.info.gov.hk/gia/general/20110...080126.htm
The attachments list down all the breakdowns.
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The breakdown only shows how dependent we are on public transport system, especially the MRT.
There is no way out in the foreseeable future, most of us have to take the MRT.
SMRT is very much like a utility company, stable cash flow.
The latest incidents is going to have minimal impact on the company.

The break-down caused a lot of unhappiness but to put it into perspective,
it did not break down that often over last 20+ years. Yes, it needs to be improved but
also do we really want to do without the MRT?

On infrastructure/population planning, the cracks are already showing....
Insufficient housing, congested roads, inefficient public transport, etc.
Even if running at an optimal level smoothly, the trains are still too crowded.

The planning was not integrated and the folks screwed up.
The plan for population growth was not coupled with plans to support the growth with
corresponding infrastructure improvements.







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The COI is just another Wayang to placate the publics.Those with little intelligence would be able to tell the outcome now.
Many have lost faith in this country.
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Read and join the public petition if you haven't done so.....
http://www.gopetition.com/petitions/give...-seat.html
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"3. Fares can be freely reduced but increases must be approved by the regulator"

-- This will result in almost ZERO fare reductions. Sad

I don't really remember having a fare reduction though
http://wealthbuch.blogspot.com
-- Where I blog about matters on finances
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(20-12-2011, 12:01 AM)Big Toe Wrote: The breakdown only shows how dependent we are on public transport system, especially the MRT.
There is no way out in the foreseeable future, most of us have to take the MRT.
SMRT is very much like a utility company, stable cash flow.
The latest incidents is going to have minimal impact on the company.

The break-down caused a lot of unhappiness but to put it into perspective,
it did not break down that often over last 20+ years. Yes, it needs to be improved but
also do we really want to do without the MRT?

On infrastructure/population planning, the cracks are already showing....
Insufficient housing, congested roads, inefficient public transport, etc.
Even if running at an optimal level smoothly, the trains are still too crowded.

The planning was not integrated and the folks screwed up.
The plan for population growth was not coupled with plans to support the growth with
corresponding infrastructure improvements.

i see 2 factors contributing to the mess @ SMRT

1.) Trains are not designed to cater for 5million, thanks to MIW for opening floodgates

2.) Hiring Mgr for SMRT CEO should be responsible. What does a former DFS VP knows about transport? Transport is not like selling perfume or handbags @ DFS.

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(20-12-2011, 08:19 PM)nitro Wrote: i see 2 factors contributing to the mess @ SMRT

1.) Trains are not designed to cater for 5million, thanks to MIW for opening floodgates

2.) Hiring Mgr for SMRT CEO should be responsible. What does a former DFS VP knows about transport? Transport is not like selling perfume or handbags @ DFS.

How does a ex-chief of navy becomes a Minister of Transport? They believe its their management skills that is important. Mr Khaw a doctor by profession can become National Development minister.
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Sometime, who you know is more important than what you know.
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Big Grin 
Of course, of course, who you know is important. If i don't really know you how can i trust you? Aren't we all afraid of the dark, the unknown? Will i promote someone who i know nothing off?
On the other hand after promoting someone you think you know but he/she can't live up to expectations, well.........???? She or He can be anyone, but at least have the decency to step down by self realisation or by the power that be of force removal.Tongue
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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