mycarforum: ALL consolidated SMRT/NEL/KTM simisai BREAKDOWNS here! part 38

maybe ...just maybe.... our dear govt has a rethink of their policy to privatise public transport...

A navy admiral screwed up as MOT
Another navy admiral doing same at LTA
Army general finished NOL
Another army general dunno doing what with SMRT.
now .. gonna send prison officer take over polytechnic.

Don't think the problem is privatisation. . .. is the practise of giving fat juicy jobs to people with dubious qualifications.

A navy admiral screwed up as MOT
Another navy admiral doing same at LTA
Army general finished NOL
Another army general dunno doing what with SMRT.
now .. gonna send prison officer take over polytechnic.

Don't think the problem is privatisation. . .. is the practise of giving fat juicy jobs to people with dubious qualifications.

+10

giving high level job to retired officer is 1 super lousy move.�

So like SMRT is a train operator, but they screwed up the trains, gahmen say nevermind we buy over your trains, and reward you with even more money to do the job that you were supposed to do well in the first place.�

�

Deal reached for Govt to take over SMRT�s rail assets

http://www.todayonli...rts-rail-assets

�

Edited by Jellandross, 15 July 2016 - 02:51 PM.

Because Govt can hide behind privatization excuse to say that they have no control over who to lead or their commercial decisions....

�

If they are in ministry and on public service payroll, the Govt cannot say they are not responsible.

�

A navy admiral screwed up as MOT
Another navy admiral doing same at LTA
Army general finished NOL
Another army general dunno doing what with SMRT.
now .. gonna send prison officer take over polytechnic.

Don't think the problem is privatisation. . .. is the practise of giving fat juicy jobs to people with dubious qualifications.

�

Butt crack :wub:

So like SMRT is a train operator, but they screwed up the trains, gahmen say nevermind we buy over your trains, and reward you with even more money to do the job that you were supposed to do well in the first place.�

�

Deal reached for Govt to take over SMRT�s rail assets

http://www.todayonli...rts-rail-assets

�

I think smrt shareholders should be happy ... no more depreciating assets, and yet can have stable income ...

same goes to the ceo ... anything wrong, just say its garmen lor ...

in other word, LTA say SMRT never take care of their trains and did not invest enough on their Capex (train and signaling system)? [lipsrsealed]

Serious question ah...

�

given the scope of the recall, the amount of money involved, and the exposure to risk -

does a recall of this size fall under the sorts of things that should be declared to the exchange?
�

I know that material information that could affect the share price is supposed to be disclosed - does this recall reach that level?

Singapore is NOT a welfare country, as highlighted by various ministers in the past, so WHY are we still offering generals to head big organisation, stat board and GLC, wity big fat pay package???

�

And I have not touch on ministers yet... ...

Wow...

this part on increase in maintenance staff is interesting!

Serious question ah...

�

given the scope of the recall, the amount of money involved, and the exposure to risk -

does a recall of this size fall under the sorts of things that should be declared to the exchange?
�

I know that material information that could affect the share price is supposed to be disclosed - does this recall reach that level?

�

By right a yes. But SMRT can always argue on the point that the recall has no material impact on the company financial status, since all cost to be absorbed by the train manufacturer...

Without NOL and MRT, where can future CDF go?

Don't like the whole cabinet full of generals leh.

Wow...

this part on increase in maintenance staff is interesting!

�

The way I look at it, LTA is funding SMRT to do what are necessary, such as improving the maintenance level, staff adequacy / competency, etc. so that it shareholder are well taken care off (profits shall be higher).

Edited by Carbon82, 15 July 2016 - 03:51 PM.

I think smrt shareholders should be happy ... no more depreciating assets, and yet can have stable income ...

same goes to the ceo ... anything wrong, just say its garmen lor ...

�

SMRT now becomes S~~MRT~~�because it no longer owns any more MRT trains so all that's left is an ASS?�

Very tempted to buy in smrt shares liao.... Almost zero liabilities... Got ah gong to take care of you when things head south...

Very tempted to buy in smrt shares liao.... Almost zero liabilities... Got ah gong to take care of you when things head south...

Yes, no reason for them to underperform from now onwards.

Now they just operate assets only, if that also cannot do properly then hong kan liao.

Edited by Blueray, 15 July 2016 - 04:34 PM.

Very tempted to buy in smrt shares liao.... Almost zero liabilities... Got ah gong to take care of you when things head south...

I think the earnings will not change much as the license fee to lta should be huge.

I also think revenue could even drop a bit as shop rental income go to lta...

I think....i think

got 1billion for rapidly depreciating and problematic hardware.....I say it is more than a good deal....

�

SMRT officials might have grab and run from the final meeting in case MOT change their minds...

�

I think the earnings will not change much as the license fee to lta should be huge.

I also think revenue could even drop a bit as shop rental income go to lta...

I think....i think

�

A navy admiral screwed up as MOT
Another navy admiral doing same at LTA
Army general finished NOL
Another army general dunno doing what with SMRT.
now .. gonna send prison officer take over polytechnic.

Don't think the problem is privatisation. . .. is the practise of giving fat juicy jobs to people with dubious qualifications.

And one ex General ended up having an iconic company being raided by ThaiBev.

A navy admiral screwed up as MOT
Another navy admiral doing same at LTA
Army general finished NOL
Another army general dunno doing what with SMRT.
now .. gonna send prison officer take over polytechnic.

Don't think the problem is privatisation. . .. is the practise of giving fat juicy jobs to people with dubious qualifications.

�

Nbzzz� you say already................. all navy fella.... think the brain still in the sea.... not use to the land yet.... ask then run a land transport sure hk one...

Without NOL and MRT, where can future CDF go?

Don't like the whole cabinet full of generals leh.

Temasek.

And one ex General ended up having an iconic company being raided by ThaiBev.

It was two companies leh. You forgot about tiger beer?

Really wtf...

If smrt wants to get rid of the assets to avoid responsibilities and improve finances. Why should tax payers foot the bill? ?

Smrt should be paying the govt to take over instead.
Really damn silly. ..

Very tempted to buy in smrt shares liao.... Almost zero liabilities... Got ah gong to take care of you when things head south...

I only have 1 lot. Is this the best time to swallow more trains?

if there are more cracks found (existing and new trains), need to buy more trains to cover service, higher maintenance cost ... who is going to pay ???

smrt can wash hand liao??? wtf!

Edited by Wt_know, 16 July 2016 - 03:37 PM.

if there are more cracks found (existing and new trains), need to buy more trains to cover service, higher maintenance cost ... who is going to pay ???

smrt can wash hand liao??? wtf!

Think the train were bought by LTA. So can't blame smrt if they chose lousy ones.

Hmm... maybe that's why lta end up paying smrt to buy back.
Both CEO also ex Saf ones. ... easy to fen fen

if there are more cracks found (existing and new trains), need to buy more trains to cover service, higher maintenance cost ... who is going to pay ???

smrt can wash hand liao??? wtf!

the train was never bought by SMRT in the first place. They are suay to be using those train.

the train was never bought by SMRT in the first place. They are suay to be using those train.

ok
like that siao liao ...
LTA need to find more billions from COE liao ... damn [mad]

Edited by Wt_know, 16 July 2016 - 06:49 PM.

ok
like that siao liao ...
LTA need to find more billions from COE liao ... damn

�

COE is the easier way to generate the income for LTA. SMRT sure make more money, ?????

Erm... �If not bought by SMRT.... Why government is paying them to buy back what they bought??�

�

Something fishy......�

�

the train was never bought by SMRT in the first place. They are suay to be using those train.

�

Erm... �If not bought by SMRT.... Why government is paying them to buy back what they bought??�

�

Something fishy......�

�

Go & read financial statements of SMRT.� You can guess what was bought.

�

When MRT started, track, station & train belongs to who?
�

Belong to ah kong.... probably given to Temasek before listing .

Are the stations and shops part of the deal? or Smrt keeps them and earn easy rental money? hile LtA takes back the sh! t only?

This is like China SOE with GMs taking over the profitable assets, leaving all the debts and liabilities behind. Justin reverse.....

Belong to ah kong.... probably given to Temasek before listing .

Are the stations and shops part of the deal? or Smrt keeps them and earn easy rental money? hile LtA takes back the sh! t only?

This is like China SOE with GMs taking over the profitable assets, leaving all the debts and liabilities behind. Justin reverse.....

�

How can it be given to Temasek?� Temasek has to buy over MRT Corp from either MoT or MoF.

�

How fare are shared btw SMRT & LTA?� If SMRT has to supplement its fare revenue with rental, is it a sin?

�

Unlike HK MTR, SMRT is a PLC.� If you are shareholder of SMRT, can you accept SMRT not to pay u dividend every year?

�

From North-East line, our MRT has been operating under this model.

�

The problem is not SMRT.� The problem is how MRT network is run.� The ball starts rolling since SMRT was privatised.� As peasant, we cannot only be keyboard warrior on MCF.

it was so long ago...

�

actually when SMRT take over MRT... did TH pay anything to government? if yes. then understandable that they need to do a transaction back.

�

But i thought Rail and Power circuit belong to LTA? so what did LTA bought back actually.

How can it be given to Temasek?� Temasek has to buy over MRT Corp from either MoT or MoF.

�

How fare are shared btw SMRT & LTA?� If SMRT has to supplement its fare revenue with rental, is it a sin?

�

Unlike HK MTR, SMRT is a PLC.� If you are shareholder of SMRT, can you accept SMRT not to pay u dividend every year?

�

From North-East line, our MRT has been operating under this model.

�

The problem is not SMRT.� The problem is how MRT network is run.� The ball starts rolling since SMRT was privatised.� As peasant, we cannot only be keyboard warrior on MCF.

�

it was so long ago...

�

actually when SMRT take over MRT... did TH pay anything to government? if yes. then understandable that they need to do a transaction back.

�

But i thought Rail and Power circuit belong to LTA? so what did LTA bought back actually.

�

Maybe u need to refresh your memory + check on what was bought by govt.

�

I haven't read it yet.

�

Kam Siah.

In short, it might be another AIM in the making...

The context of the asset transfer and liabilities aren't very clear to begin with. More mess expected, imo.

Edited by Carbon82, 17 July 2016 - 09:28 PM.

In short, it might be another AIM...

�

Whether it might be another AIM or not, it depends on what's in the contract.

�

As i said previously, the whole problem is how MRT is run.

�

HK MTR can afford to be breakeven company.

�

SMRT or SBS Transit cannot.

�

With 2 company running a small system, no way it will make sufficient ROE to pay dividend year in year out.

Whether it might be another AIM or not, it depends on what's in the contract.

As i said previously, the whole problem is how MRT is run.

HK MTR can afford to be breakeven company.

SMRT or SBS Transit cannot.

With 2 company running a small system, no way it will make sufficient ROE to pay dividend year in year out.

You are right about the operation size. I would prefer SMRT to run the train service, competing with SBS which shall also be allowed to run parallel bus services. It work for HK and I love the model. Even during the Yellow Umbrella exercise, travel by public transport was hardly affected.

You are right about the operation size. I would prefer SMRT to run the train service, competing with SBS which shall also be allowed to run parallel bus services. It work for HK and I love the model. Even during the Yellow Umbrella exercise, travel by public transport was hardly affected.

train is running on seperate line. what competition are there?

train is running on seperate line. what competition are there?

�

Everywhere else is more competition, better value for consumers.... here is more competition, prices even higher.... WTF.... something wrong with the biz model here.....

�

Or the biz model is..... the Bang of General got $$$ ???.... [lipsrsealed]

Edited by Nlatio, 18 July 2016 - 01:06 AM.

train is running on seperate line. what competition are there?

Your memory so short?

�

Last time, bus routes used to "replicate" train routes - but then that idea was scrapped as being "inefficient"

Your memory so short?

�

Last time, bus routes used to "replicate" train routes - but then that idea was scrapped as being "inefficient"

�

i heard medication out of stock worldwide...pls be kind :grin: � :a-spam:

Your memory so short?

Last time, bus routes used to "replicate" train routes - but then that idea was scrapped as being "inefficient"

Oh.. U guys are referring to bus to compete with SMRT. This I agree.. Two legs and two hand up.

actually return or no return, from start to end also all belong to the goverment only wat.

�

wat changes is the department in charge and the transfer of funds

actually return or no return, from start to end also all belong to the goverment only wat.

wat changes is the department in charge and the transfer of funds

There is a big different. Under one roof will mean they don't have to wait for other department... Meaning by right all decision made should be faster.

Your memory so short?

�

Last time, bus routes used to "replicate" train routes - but then that idea was scrapped as being "inefficient"

�

Was that before the train starts breaking down left and right ?

Oh.. U guys are referring to bus to compete with SMRT. This I agree.. Two legs and two hand up.

Yeah...back then, the idea was to award SBS some train routes for "competition" - and part of the agreement I think was the "rationalisation" of routes to avoid busses and trains replicating each other.

�

Kinda like what was done for SPH MediaWorks and Today newspaper way back when...

Yeah...back then, the idea was to award SBS some train routes for "competition" - and part of the agreement I think was the "rationalisation" of routes to avoid busses and trains replicating each other.

Kinda like what was done for SPH MediaWorks and Today newspaper way back when...

Like channel U and channel 8...

All come to waste... Because both company belong to TH.. The view it as waste money.... If they both are truly private they won't consider it waste resources.

I am most likely wrong but what they are doing is not round tripping?

�
What is 'Round-Trip Trading'
Round-trip trading is an action that attempts to inflate transaction volumes through the continuous and frequent purchase and sale of a particular security, commodity or asset. Round-trip trading can be used to refer to the practice of a business selling an unused asset to another company while agreeing to buy back the same asset for about the same price. This type of market manipulation has been seen in the energy and telecom business.

�

�

actually return or no return, from start to end also all belong to the goverment only wat.

�

wat changes is the department in charge and the transfer of funds

�

In HK, public buses and ?? are running parallel with MTR route, and price are thus kept under control. For us here, most of the time there is only 1 choice, so take it of leave it. How can price be competitive under such arrangements?

Everywhere else is more competition, better value for consumers.... here is more competition, prices even higher.... WTF.... something wrong with the biz model here.....

�

Or the biz model is..... the Bang of General got $$$ ???....

where got competition??

�

i dun see any .

even the bus service bidding, i dun see any real privatize.

�

just a change of soup to shut the mouth of those who say sg public transport is controlled nia

where got competition??

�

i dun see any .

even the bus service bidding, i dun see any real privatize.

�

just a change of soup to shut the mouth of those who say sg public transport is controlled nia

�

You also need to go & read more.

�

What bus privatization???

�

Previously, all route planning is done by either SMRT or SBS Transit.� Some years back, LTA took back this role.�

�

In addition, LTA will assume all risk relating to running of bus services (for those that starts from Bulim & Loyang depot for the time being). Bus and depot belongs to LTA.� Bus operator will be paid a fixed sum to deliver certain service level.

�

Under this new model, priority is service delivery.� Price is secondary.

�

auntie hits on yandao in mrt hahahah

The young guy sibei stress......

�

But hor.... why he die die don't want to walk away?

�

�

auntie hits on yandao in mrt hahahah

�

You also need to go & read more.

�

What bus privatization???

�

Previously, all route planning is done by either SMRT or SBS Transit.� Some years back, LTA took back this role.�

�

In addition, LTA will assume all risk relating to running of bus services (for those that starts from Bulim & Loyang depot for the time being). Bus and depot belongs to LTA.� Bus operator will be paid a fixed sum to deliver certain service level.

�

Under this new model, priority is service delivery.� Price is secondary.

i didnt read all, and i dun know the details.

i only ask 2 things, which i also not very clear about.

�

the route is given to them by lta?? or they can chose where they want to drive their bus??�

the price collected by each trip is set by the company ?? or by lta??

�

if true enough those new bus company can set their own route and own price for each trip, fair enough, there is indeed real competition and will indeed improve bus service and ajust fares according to market demand.

�

if not i say upmya... about all those public service privatize.

i didnt read all, and i dun know the details.

i only ask 2 things, which i also not very clear about.

�

the route is given to them by lta?? or they can chose where they want to drive their bus??�

the price collected by each trip is set by the company ?? or by lta??

�

if true enough those new bus company can set their own route and own price for each trip, fair enough, there is indeed real competition and will indeed improve bus service and ajust fares according to market demand.

�

if not i say upmya... about all those public service privatize.

�

Wah lau eh!!

�

You really need to get updated before you comment lah.

�

Nowadays, the competition is not on price.� It is on service level.� Operator given contract run a group of routes for 5 years.�

The young guy sibei stress......

�

But hor.... why he die die don't want to walk away?

�

�

He likes it.

�

Wah lau eh!!

�

You really need to get updated before you comment lah.

�

Nowadays, the competition is not on price.� It is on service level.� Operator given contract run a group of routes for 5 years.�

bro

�

its ok, we agree to disgree afterall. lol�

�

give u 1 praise.

i didnt read all, and i dun know the details.
i only ask 2 things, which i also not very clear about.

the route is given to them by lta?? or they can chose where they want to drive their bus??
the price collected by each trip is set by the company ?? or by lta??

if true enough those new bus company can set their own route and own price for each trip, fair enough, there is indeed real competition and will indeed improve bus service and ajust fares according to market demand.

if not i say upmya... about all those public service privatize.

The formerly sbs and smrt routes were given to tower transit by LTA. Same routes but driven by different uniform.

The fares collected belong to LTA, not to the service operator. Operator only in charge of the drivers and other administrative matters. The assets belong to the Government.

He likes it.

�

�

hahaha he secretly turned on by d auntie�

The formerly sbs and smrt routes were given to tower transit by LTA. Same routes but driven by different uniform.

The fares collected belong to LTA, not to the service operator. Operator only in charge of the drivers and other administrative matters. The assets belong to the Government.

Think only tower transits is operating In this model right?

Think only tower transits is operating In this model right?

I think Go-Ahead also had the same package.

There are bidding for the 3rd package soon.

Artificial competition if u asked me. 1 at the east, 1 at the west. And 1 is going to be at the north. What competition?

I think Go-Ahead also had the same package.

There are bidding for the 3rd package soon.

Artificial competition if u asked me. 1 at the east, 1 at the west. And 1 is going to be at the north. What competition?

I don't see now as competition. Now is they no longer need to care about fee. So they no longer have uncertain revenue stress. hence They can just focus on giving service.

Don't think their intention now is for competitions. Their focus seems to shift towards providing better service. Whether it is good... We have to see in 5 years time.

Edited by Joseph22, 18 July 2016 - 03:12 PM.

I think Go-Ahead also had the same package.

There are bidding for the 3rd package soon.

Artificial competition if u asked me. 1 at the east, 1 at the west. And 1 is going to be at the north. What competition?

�

The competition is on service level, which is the priority of the bidding process.

�

That's why the local bus company did not get it.

MOT power!

http://www.straitsti...for-smrt-report

MOT power!

http://www.straitsti...for-smrt-report

When ST publish about something that's "likely" or "planning", it means behind the scene chop stamp confirm liao. But must wayang wayang abit say they got some insider news or pretend to look like real journalism.

MOT power!

http://www.straitsti...for-smrt-report

�

Temasek considering buyout offer

MOT considering buyout offer.

When ST publish about something that's "likely" or "planning", it means behind the scene chop stamp confirm liao. But must wayang wayang abit say they got some insider news or pretend to look like real journalism.

Now.. Own up.. Who is the LTA scholar here? We had been talking about this for years Liao... I am sure they get the idea here.

Temasek considering buyout offer
or
MOT considering buyout offer.

Bro, try to transfer coins from your right pocket to your left pocket without using your right hand.

Now.. Own up.. Who is the LTA scholar here? We had been talking about this for years Liao... I am sure they get the idea here.

never did we expect mrt our pride.

�

build with govenment fund ( our money ) that use to give us world class public transport at cheap cost

that only have breakdown once in a blue moon.

�

to become today a money making tree ( i call it ) that pay million to some 1 to �manage something build with our money??

to become some thing that can sell here and there,

got shares some more?

�

not to mention all the breakdowns.

�

i am no expert at how thing works, but this is from the view of small citizen like me. �

never did we expect mrt our pride.

build with govenment fund ( our money ) that use to give us world class public transport at cheap cost
that only have breakdown once in a blue moon.

to become today a money making tree ( i call it ) that pay million to some 1 to manage something build with our money??
to become some thing that can sell here and there,
got shares some more?

not to mention all the breakdowns.

i am no expert at how thing works, but this is from the view of small citizen like me.

No worries. After Temasek takes over, you can be assured of 99.9999999999% no down time.

After that, I leave it to your imagination.

never did we expect mrt our pride.

�

build with govenment fund ( our money ) that use to give us world class public transport at cheap cost

that only have breakdown once in a blue moon.

�

to become today a money making tree ( i call it ) that pay million to some 1 to �manage something build with our money??

to become some thing that can sell here and there,

got shares some more?

�

not to mention all the breakdowns.

�

i am no expert at how thing works, but this is from the view of small citizen like me. �

�

That's why we are peasants.� We will nvr understand all this scholaristic transaction.

never did we expect mrt our pride.

build with govenment fund ( our money ) that use to give us world class public transport at cheap cost
that only have breakdown once in a blue moon.

to become today a money making tree ( i call it ) that pay million to some 1 to manage something build with our money??
to become some thing that can sell here and there,
got shares some more?

not to mention all the breakdowns.

i am no expert at how thing works, but this is from the view of small citizen like me.

Total agreed w u.

Use our money to build the company n buy the asset then pass it the operator to run it.

Now got problem Lta say will buy back the asset. So now we use our money to buy back somthing that we already paid long ago? ?

The rail system now need alot of money to conduct upgrading & maintenance work to catch up what the operator never did in the past. So now ,if we buy it back, we need to use our money again to make it good??

Why the operator never give us the millions of profit that they earn for so many earn?

This is the same case for those buses right? Lta pump a lot of money to buy new buese few year back and pass to operator. Then now lta paid to take over the asset n paid operator to run the operation. Dun make senses right?

Or maybe I'm not well learn or knowledgeable or miss the news on how they explain this funding.

Really hope they can help me understand this.

I vaguely remember some rail assets was transfer to mrtc a long time ago at a nominal sum
Anyone can remember?

I vaguely remember some rail assets was transfer to mrtc a long time ago at a nominal sum
Anyone can remember?

�

http://infopub.sgx.c...IPO&FileID=2999 = SMRT Prospectus on IPO

�

"our purchase of the MRT System�s operating assets from the LTA in 1998 for a price of approximately S$1.2 billion".. pg 29

Given that its common to wait a few trains b4 being able to b aboard, buses replicating train routes is a good thing.

Also helps-out with during the regular train downtime

http://infopub.sgx.c...IPO&FileID=2999 = SMRT Prospectus on IPO

"our purchase of the MRT System�s operating assets from the LTA in 1998 for a price of approximately S$1.2 billion".. pg 29

Thanks for the info!

http://infopub.sgx.c...IPO&FileID=2999 = SMRT Prospectus on IPO

"our purchase of the MRT System�s operating assets from the LTA in 1998 for a price of approximately S$1.2 billion".. pg 29

Like that but back at 1b ok Liao lah

Politics is a contest for power, but the key principle when you have power is, don�t take advantage of people under your charge, and always be honest and upfront with them. All of us will make mistakes. When a mistake is made, just come clean and say so, but don�t cover up. That�s why I have not let this go, because it is not about cleanliness of the ceiling, it is about clean politics, and I appeal to you because I know you to be an honourable man. I appeal to you, go back, do a thorough investigation of what�s gone wrong in your TC and put it right, set it right. I have confidence that you will do so, Mr Low.

Look at the way they previously attacked Aljunied TC and extra-marital affairs in such relentless manner.

What goes around, comes around.

There is no menu in the Karma restaurant, they will get served what they deserve.

They better defend their SMRT properly.

Look at the way they previously attacked Aljunied TC and extra-marital affairs in such relentless manner.

What goes around, comes around.

There is no menu in the Karma restaurant, they will get served what they deserve.

They better defend their SMRT properly.

�

Get your target aim correctly.

�

The problem is not SMRT.

�

The problem is LTA or its predecessor, MRTC.�

�

Whose smart idea it was to privatise MRTC?

�

Whose smart idea it was to bring competition, i.e. having 2 operator?

�

Rail Financing scheme started from Downtown line.

�

Shoot Hui Ge being the boss of MoT.

http://infopub.sgx.c...IPO&FileID=2999 = SMRT Prospectus on IPO

�

"our purchase of the MRT System�s operating assets from the LTA in 1998 for a price of approximately S$1.2 billion".. pg 29

�

How about circle line?

What are the main different between MOT and LTA ? is it a same person has two pockets?

Edited by gnail, 19 July 2016 - 08:06 AM.

MOT is Air Sea Land. LTA is Land.

�

MOT is aka principal level, LTA is aka agency level.

�

MOT is the boss of LTA. LTA follows directives from MOT.

�

MOT more DK.�

�

Edited by Kangadrool, 19 July 2016 - 08:11 AM.

Total agreed w u.

Use our money to build the company n buy the asset then pass it the operator to run it.

Now got problem Lta say will buy back the asset. So now we use our money to buy back somthing that we already paid long ago? ?

The rail system now need alot of money to conduct upgrading & maintenance work to catch up what the operator never did in the past. So now ,if we buy it back, we need to use our money again to make it good??

Why the operator never give us the millions of profit that they earn for so many earn?

This is the same case for those buses right? Lta pump a lot of money to buy new buese few year back and pass to operator. Then now lta paid to take over the asset n paid operator to run the operation. Dun make senses right?

Or maybe I'm not well learn or knowledgeable or miss the news on how they explain this funding.

Really hope they can help me understand this.

The truth is we the authorities have been collecting money left right and Centre, now overflowing, don't know what to do with the money especially when bank pays so little interest, what is there left to do, spend spend spend....

Smells like pumping 1 billion liquidity into the system to pay all shareholders of SMRT.

�

The money will be back in the market support other securities?

�

The truth is we the authorities have been collecting money left right and Centre, now overflowing, don't know what to do with the money especially when bank pays so little interest, what is there left to do, spend spend spend....

�

Smells like pumping 1 billion liquidity into the system to pay all shareholders of SMRT.

�

The money will be back in the market support other securities?

�

Dun think all the $1B will go to shareholders.. think i saw in today's ST they have debts to repay with this $1B, most prob the loans they took to pay for the initial $1.2B they paid to LTA to take over the train assets in 1998.

�

Anyone has this feeling that Temasek take SMRT private is a proxy for nationalisation? The heads are bed fellows (literally) and going private will shield all of the embarassing happenings from public eyes... no more screw ups for all to see and everyting will look swee swee for the elites...?

Smells like pumping 1 billion liquidity into the system to pay all shareholders of SMRT.

The money will be back in the market support other securities?

No leh. SMRT CEO said tat 1b will not be distributed to d shareholders but used to pare down debt n raise headcount by another 700. With tis SMRT profit will be greatly affected as they cannot decide how much profit achievable at d expense of maintenance which they had done for d past years. Some banks already forecasted tat d SMRT share will be down by almost up to 25%.

�

�

How about circle line?

Dunno.. you ask my fren --> �www.google.com.sg

No leh. SMRT CEO said tat 1b will not be distributed to d shareholders but used to pare down debt n raise headcount by another 700. With tis SMRT profit will be greatly affected as they cannot decide how much profit achievable at d expense of maintenance which they had done for d past years. Some banks already forecasted tat d SMRT share will be down by almost up to 25%.

�

wa... but then why SBS transit shares jumped so much?� [gossip]

Cos all the gamblers are betting SBS will receive the next tranch of 1 bil handouts....

[sly]

wa... but then why SBS transit shares jumped so much?�

�

Dun think all the $1B will go to shareholders.. think i saw in today's ST they have debts to repay with this $1B, most prob the loans they took to pay for the initial $1.2B they paid to LTA to take over the train assets in 1998.

Anyone has this feeling that Temasek take SMRT private is a proxy for nationalisation? The heads are bed fellows (literally) and going private will shield all of the embarassing happenings from public eyes... no more screw ups for all to see and everyting will look swee swee for the elites...?

Think they have to pay back LtA the money they own for the new train and bus?

But if smrt is loosing money becoz of the ramped up maintenace regime and rail replacement of the ageing network it make sense that TH buyout the company so that smrt can focus on providing its services w/o worrying about its finances. Chenghu cannot let smrt go bust or else s'pore will be crippled and road traffic go into chaos.

Cos all the gamblers are betting SBS will receive the next tranch of 1 bil handouts....

�

SBS T got North East and Downtown line.� I know Downtown line is already on Rail Financing Scheme.� Is North East on this scheme?� If not, kam gong gamblers.

May not be the trains they are betting on... could be the buses, interchange, depots?

SBS T got North East and Downtown line.� I know Downtown line is already on Rail Financing Scheme.� Is North East on this scheme?� If not, kam gong gamblers.

�

May not be the trains they are betting on... could be the buses, interchange, depots?

�

Under the new bus scheme (can't rem the name), both SMRT & SBS will lose some bus line in the near future.� So, revenue from bus service will shrink.

�

It is true that LTA will buy over buses and depot.� This is 1 off payment which may not be paid out as dividend.

MOT is Air Sea Land. LTA is Land.

�

MOT is aka principal level, LTA is aka agency level.

�

MOT is the boss of LTA. LTA follows directives from MOT.

�

MOT more DK.�

MTO or LTA also no same, all cannot make it de when comes solving problems.

MTO or LTA also no same, all cannot make it de when comes solving problems.

�

Can we expect scholar to solve real world problem?

Can we expect scholar to solve real world problem?

Actually they can.... If the middle management stop giving them inaccurate feed back.

Actually they can.... If the middle management stop giving them inaccurate feed back.

�

So, you are telling us that scholar are park in ivory tower.� They have no idea what the fish is happening on earth.....

[thumbsup] :XD:

So, you are telling us that scholar are park in ivory tower. They have no idea what the fish is happening on earth.....

It's actually a serious problem.

And we know singaporean got one bad habit. When see people they want to tripod... Even if it's relative, they only tell them good stuff.

Even if they want to verify if 9 other person tell them same story which is different from what he think. You think they dare act meh?!

Not just happen to pap u know?? Remember the K say he don't understand there is so many people who complain why the vote show 70%

GIC former chief economist say garmen ownself sabo ownself so now short of engineers and the results are:

�

20-30 years ago, some of the the best and brightest sought to study engineering. Now it�s become one of the last choices. You can�t blame our locals. It�s simple labour market economics and rational human capital formation choice.

But it�s had a huge negative long term impact on local industrial capability compared to other economies like Germany, Switzerland or Japan where good engineers still command a labour market premium and engineering continues to be a highly respected profession. They continue to lead the world in precision engineering and innovation.

�

This is also reflected in declining local engineering standards in the public sector for eg the SMRT and public housing lift maintenance as well as in the lack of private sector development of specialist engineering products and services. Why upgrade to these activities when we can do quicker operations based on cheap engineering labour and products?

�

http://mothership.sg...rean-engineers/

�

� [laugh]

GIC former chief economist say garmen ownself sabo ownself so now short of engineers and the results are:

20-30 years ago, some of the the best and brightest sought to study engineering. Now it�s become one of the last choices. You can�t blame our locals. It�s simple labour market economics and rational human capital formation choice.
But it�s had a huge negative long term impact on local industrial capability compared to other economies like Germany, Switzerland or Japan where good engineers still command a labour market premium and engineering continues to be a highly respected profession. They continue to lead the world in precision engineering and innovation.

This is also reflected in declining local engineering standards in the public sector for eg the SMRT and public housing lift maintenance as well as in the lack of private sector development of specialist engineering products and services. Why upgrade to these activities when we can do quicker operations based on cheap engineering labour and products?

http://mothership.sg...rean-engineers/

No just that.. Why work as engineer when we can have quicker money selling property or flipping property?

GIC former chief economist say garmen ownself sabo ownself so now short of engineers and the results are:

20-30 years ago, some of the the best and brightest sought to study engineering. Now it�s become one of the last choices. You can�t blame our locals. It�s simple labour market economics and rational human capital formation choice.
But it�s had a huge negative long term impact on local industrial capability compared to other economies like Germany, Switzerland or Japan where good engineers still command a labour market premium and engineering continues to be a highly respected profession. They continue to lead the world in precision engineering and innovation.

This is also reflected in declining local engineering standards in the public sector for eg the SMRT and public housing lift maintenance as well as in the lack of private sector development of specialist engineering products and services. Why upgrade to these activities when we can do quicker operations based on cheap engineering labour and products?

http://mothership.sg...rean-engineers/

Not the first time he has spoken out.
And he has the real world credentials to put just about any scholars and ministers to shame.

He is exactly the type that would be parachuted into a GRC and maybe become minister asap. . BUT.. he follow his own conscience and so seldom heard from in MSM. Instead we get the usual "journalist"..

No just that.. Why work as engineer when we can have quicker money selling property or flipping property?

That there are better paying jobs around is not the main problem. There will always be better paying jobs.

It's that engineering is bad pay/work due to flood of prc India pinoy Myanmar ..

MTO or LTA also no same, all cannot make it de when comes solving problems.

I think.... the real picture is...

�

PAP=MOT=LTA=SMRT=TH=GIC=everything they decide what are the final said...

I think.... the real picture is...

�

PAP=MOT=LTA=SMRT=TH=GIC=everything they decide what are the final said...

�

That's because there's no check & balance. 70% have given them the mandate.

This is the honest truth:
http://www.mycarforu...year/?p=5884194

No leh. SMRT CEO said tat 1b will not be distributed to d shareholders but used to pare down debt n raise headcount by another 700. With tis SMRT profit will be greatly affected as they cannot decide how much profit achievable at d expense of maintenance which they had done for d past years. Some banks already forecasted tat d SMRT share will be down by almost up to 25%.

Actually like that everything looks great leh
Shareholder lose out though

GIC former chief economist say garmen ownself sabo ownself so now short of engineers and the results are:

20-30 years ago, some of the the best and brightest sought to study engineering. Now it�s become one of the last choices. You can�t blame our locals. It�s simple labour market economics and rational human capital formation choice.
But it�s had a huge negative long term impact on local industrial capability compared to other economies like Germany, Switzerland or Japan where good engineers still command a labour market premium and engineering continues to be a highly respected profession. They continue to lead the world in precision engineering and innovation.

This is also reflected in declining local engineering standards in the public sector for eg the SMRT and public housing lift maintenance as well as in the lack of private sector development of specialist engineering products and services. Why upgrade to these activities when we can do quicker operations based on cheap engineering labour and products?

http://mothership.sg...rean-engineers/

Let the 70% bleed

This is the honest truth:
http://www.mycarforu...year/?p=5884194

�

All sit there collecting rent (in this case collecting fares from commuters and CEOs their salaries and bonuses) and not doing anything productive.�

All sit there collecting rent (in this case collecting fares from commuters and CEOs their salaries and bonuses) and not doing anything productive.�

�

Grace-F.U.-pay-cut-excerpt.jpg

�

all there for $$$ only lah.

MRT really jialat.... rain leaked into MRT cabin yesterday afternoon

�

13709890_1099326913459220_80517556256622

�

13734929_1099326906792554_18504634434148

MRT really jialat.... rain leaked into MRT cabin yesterday afternoon

�

�

�

now that tamasex gona take private, who r we gona hamtum for smrt future problems? tamasex lor!

GIC former chief economist say garmen ownself sabo ownself so now short of engineers and the results are:

�

20-30 years ago, some of the the best and brightest sought to study engineering. Now it�s become one of the last choices. You can�t blame our locals. It�s simple labour market economics and rational human capital formation choice.

But it�s had a huge negative long term impact on local industrial capability compared to other economies like Germany, Switzerland or Japan where good engineers still command a labour market premium and engineering continues to be a highly respected profession. They continue to lead the world in precision engineering and innovation.

�

This is also reflected in declining local engineering standards in the public sector for eg the SMRT and public housing lift maintenance as well as in the lack of private sector development of specialist engineering products and services. Why upgrade to these activities when we can do quicker operations based on cheap engineering labour and products?

�

�

http://mothership.sg...rean-engineers/

�

�

�

What he says is very true. How are you to develop your talent when you outsource the work. Ppl need to work from the ground up to learn & understand. You just can't parachute someone in & call him a expert. Those are paper talents. Good at academics, lacks in real operational experience. End of the day, we'll just be importing workforce & not developing them.�

�

It will be good in terms of financial, but will not be as a society as a whole. End of the day it's the financial numbers is what the garment is after. It's logical in their sense.

Hairline creak??

Hairline creak??

�

�does not pose life threatening risk;�don't be unduly alarmed.� [laugh]

MRT really jialat.... rain leaked into MRT cabin yesterday afternoon

Hairline crack ...

mycarforum

Thứ Bảy, 7 tháng 1, 2017

ALL consolidated SMRT/NEL/KTM simisai BREAKDOWNS here! part 38

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