New rail financing framework will reward Temasek/SMRT at commuters’/taxpayers’ expense
On 15 July, the government finally announced it would be taking over all “SMRT’s operating assets” to allow SMRT to focus on improving its service levels. As to be expected, the well-prepared propaganda is being executed by the MSM to convince the public of this necessity. When SMRT said “SMRT will still shoulder significant...
How did alleged StanChart robber manage to flee Singapore?
The Standchart robbery has again put a spotlight on SPF. Looks like our scholars will be brainstorming preventive measures to prevent a recurrence of the same act? Just 4 months earlier, ST had trumpeted “Network of CCTV cameras proving effective”. With about 100,000 CCTVs in our 719 sq km little red dot, how did the robber...
Nationalisation may better reflect on SMRT’s role in society
I am sure that Desmond Quek, SMRT CEO will get a round of condemnation from social media by saying this: “Despite the steady increase in non-fare earnings, this trend of declining profitability is expected to persist under the current financing framework as the additional capital expenditure and increased depreciation would...
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