Given the large deficit, it is time to rethink LTA’s Bus Contracting Model
LTA's operating deficits ballooned from $672m to $ 2.412b in the 3 years from May 2016, largely due to the introduction of the Bus Contracting Model (BCM). To add to the irony, the relevant authorities had already sounded the warning that such numbers are expected as early as 2016. I agree that quality bus services and having...
Are we paying too much to outsource the bus operations
In recent years, the government collects the revenue from the bus operations and tenders out the operations to the bus operators. This is supposed to be a good system to keep the cost of operations low through competition, but there is a risk that this system could be badly managed. I share my views. The Land Transport Authority...
The Hubris of Liberal Capitalists
Perhaps nothing encapsulates the hubris of the global liberals more than Francis Fukuyama’s The End of History and the Last Man (1992). The belief that globalization has put the world on a path of liberal democracies and free markets. In Singapore it is translated into “Please, get out of my elite uncaring face.” -Wee...
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