mycarforum: ALL consolidated SMRT/NEL/KTM simisai BREAKDOWNS here! part 39

In a short spam of 8 yrs ba ... (thats how long I no take MRT ) , the whole system became jelly jelly.
World Grass ! no less.

And we are suppose to give up our car for this? I rather get wet in my car!

Next time must bring umbrella into the train

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

No choice lah
Smrt is too big to fail

Don't give up. U think cheng hu can solve d ongoing problem of signalling, electrical failure, etc. Crack cabin is not a big problem. Just a distraction.

bro....gov say we must...but i will try not to..

Heard announcement that train fault near bona vista, extra travelling time between city hall to joo koon is needed?!

Actually, now SMRT sold assets to LTA. �

�

My question is so what SMRT CEO is for now? �To me, he's redundant to continue as CEO

�

Even National Library Board (NLB) got CEO, DCE and Chairman lor.

�

I think�our�rulers felt�there is a need to provide for those elites scholars and keep them within the "system".�Works the same for�all the other stat boards and ministries. I recall the ruler's forebear was a big fan of the ancient China's Zhuangyuan�(??) system, and wanted to replicate it here in Singapore.

�

That's how we progressed from third world to the first, and now from first to the supernova. [laugh] � [laugh]

Sorry to burst your bubble (pun intended)....remember this case?

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Bubbles are dangerous to the MRT trains okay.....unless you are AMDK

You finally get it right baby, our LTA super innovative way to get Singaporean to go car lite! Free foam party leh...

Even no foam party, seeing some chiobu get wet shall also be another attraction!

�

Edited by Vratenza, 20 July 2016 - 09:36 AM.

Actually, now SMRT sold assets to LTA. �

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My question is so what SMRT CEO is for now? �To me, he's redundant to continue as CEO

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SMRT is still there to run the train operation le.

SMRT is still there to run the train operation le.

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yeah, but no need CEO mah.... u need trained engineers to run the operations. �Even if still need CEO, wouldn't he be overpaid?

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ok, maybe i'm naive.......� :grin:

yeah, but no need CEO mah.... u need trained engineers to run the operations. �Even if still need CEO, wouldn't he be overpaid?

�

ok, maybe i'm naive.......�

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No forgetting that SMRT got bus, taxi & train division le.

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Finance is led by CFO.

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Operation is led by COO.

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Who lead CFO & COO?

Why buy trains which cannot operate normally in wet conditions? Every time it rains, the mrt platform would be jammed pack and trains travel like going for sightseeing?

Why buy trains which cannot operate normally in wet conditions? Every time it rains, the mrt platform would be jammed pack and trains travel like going for sightseeing?

wet and cold mar......the more the passengers the warmer it gets...

Restore public confidence in the system mah..

�

Take over by govt will mean it is well run...

at the same time, Temasek will argue that this is a commercial transaction and that SMRT represents good value and a great long term� investment.

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No, there is no contradiction, and it is double plus sowing the seeds of unharmony for you to suggest such a thing

Take over by govt doesnt mean it will run well la. Like bus companies now, standard of bus service still not say very good.

SMRT only said cannot eat & drink, but does not say cannot blow bubble, ok!

Take over by govt doesnt mean it will run well la. Like bus companies now, standard of bus service still not say very good.

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Unless you use bus that starts from Bulim station, you may not feel the diff.� In addtion, those buses bought over by LTA will have the same standardise color.

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If bus service still not good, why not complain?
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why?

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it never gets boring.....

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Unless you use bus that starts from Bulim station, you may not feel the diff.� In addtion, those buses bought over by LTA will have the same standardise color.

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If bus service still not good, why not complain?
�

�

Edited by Vratenza, 20 July 2016 - 12:09 PM.

Now, we have to slap Hui Ge harder to wake up, right?

Now, we have to slap Hui Ge harder to wake up, right?

no we need to slap ourself.

�

if u point all the fingers, in the end u realize point right back at us LOL [smash]

no we need to slap ourself.

�

if u point all the fingers, in the end u realize point right back at us LOL

�

dont slap ourselves lah, or else will cause unnecessary panic

Add another one...

newbie's guide to a "policy rethink" of a lousy decision made decades ago without needing to explain (find excuse) or say sorry to the voters.

Haha!

Passengers drenched by water leak in MRT train

.....

A commuter travelling from Clementi to Outram Park posted a video online, saying that water was pouring from the roof of the train.

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According to the commuter, water was leaking from the air-con vent and continued throughout the entire journey.

.....

http://www.straitsti...ak-in-mrt-train

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no we need to slap ourself.

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if u point all the fingers, in the end u realize point right back at us LOL

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I point with 10 finger

:XD:

SMRT Engineers should refer to our MCF Aircon thread for solutions to the leaking aircon problem....

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There are some nice recommendations and expertise in there.

�

http://www.mycarforu...51-home-aircon/

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I am serious here.....

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[scholar]

Passengers drenched by water leak in MRT train

.....

A commuter travelling from Clementi to Outram Park posted a video online, saying that water was pouring from the roof of the train.

�

According to the commuter, water was leaking from the air-con vent and continued throughout the entire journey.

.....

http://www.straitsti...ak-in-mrt-train

�

�

�

End up ownself got slap

Passengers drenched by water leak in MRT train

.....

A commuter travelling from Clementi to Outram Park posted a video online, saying that water was pouring from the roof of the train.

�

According to the commuter, water was leaking from the air-con vent and continued throughout the entire journey.

.....

http://www.straitsti...ak-in-mrt-train

�

�

Even water can leak in air plane, so �water leak in train is small case la.

http://www.straitsti...time=1468980019

�

Returning SMRT to the state

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http://www.straitsti...time=1468980019

�
Returning SMRT to the state
�

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Could it be something is very serious or wrong somewhere, that why pass it back to Govm.

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The "real problem" may be needed to be exposed if SMRT still stay as a listing company...

Could it be something is very serious or wrong somewhere, that why pass it back to Govm.

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The "real problem" may be needed to be exposed if SMRT still stay as a listing company...

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yes ... looks real bad for management of SMRT.

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this is effectively a bail out by Temasek.

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how come SBS Transit can make it work while SMRT can't ?

yes ... looks real bad for management of SMRT.

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this is effectively a bail out by Temasek.

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how come SBS Transit can make it work while SMRT can't ?

you are right too,�

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You know who is the one to place the CEO in SMRT?

Edited by gnail, 20 July 2016 - 02:54 PM.

yes ... looks real bad for management of SMRT.

�

this is effectively a bail out by Temasek.

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how come SBS Transit can make it work while SMRT can't ?

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Rem NOL??

Rem NOL??

�

Nude Office Lady?

alamak ... LTA going to pay 1B for these lauya leaking MRT ar?

�

Passengers drenched by water leak in MRT train

.....

A commuter travelling from Clementi to Outram Park posted a video online, saying that water was pouring from the roof of the train.

�

According to the commuter, water was leaking from the air-con vent and continued throughout the entire journey.

.....

http://www.straitsti...ak-in-mrt-train

�

�

�

alamak ... LTA going to pay 1B for these lauya leaking MRT ar?

�

???. Huat argh!!! :yuush:

alamak ... LTA going to pay 1B for these lauya leaking MRT ar?

�

Then later get the tax payers to reimburse�� :a-m1524:

alamak ... LTA going to pay 1B for these lauya leaking MRT ar?

Ah tee ah...

Temasek going to pay how much more to buy out. . Also tax payer money leh..

Only $1B bill for tax payers? ?!!
.. pee leh tan ku ku..

After buy over. . Who knows how much more unspoken unknown unacknowledged unseen unexposed problems will be quietly dealt with. .. using your untouchable tax dollars ..

Perfect solution.. or perfect cover up.

breaking news: aunty Ho offering shareholders $1.68 per share. this is excluding the $0.025 dividend.

How can that be?
If SMRT is "taken private" doesn't that mean that TH is buying all the shares?
Perhaps I'm a bit dumb, but how do you do a buyout without paying money to shareholders?

(seriously ah...can please explain?)

LTA is not taking SMRT private. They are buying the assets like trains for 1B sgd. After that SMRT will continue to operate the service.

So 1B goes to SMRT but the coy doesn't have to disburse to the shareholders as special dividends.

breaking news: aunty Ho offering shareholders $1.68 per share. this is excluding the $0.025 dividend.

What was the last transacted?

How much is this gonna cost her?

Good news keep coming. More water and more huat with this deal for some people's pocket.

�

Temasek offers around S$1.18 billion to buy out SMRT
http://www.todayonli...on-buy-out-smrt
�

�

SINGAPORE � The Republic�s investment firm � Temasek Holdings � has offered to take public transport operator SMRT private at S$1.68 per share, according to a joint statement by both companies on Wednesday (July 20). The offer follows SMRT�s announcement on Friday that it would be selling its operating assets to the Land Transport Authority (LTA).

Once the acquisition is completed, SMRT will be wholly-owned by Temasek and will be delisted from the Singapore Exchange. Temasek currently owns 54 per cent of SMRT and is expected to pay around S$1.18 billion for the shares it does not own. The offer price represents a 10.8 per cent over the 12-month period volume weighted average price of S$1.516 per share of SMRT before the last trading day. SMRT shares have been suspended from Friday and last traded at S$1.545 each.

Privatisation will provide SMRT with greater flexibility to focus on its primary role of delivering safe and high quality rail service without the short term pressures of being a listed company, and in the midst of its transition to a new regulatory framework. Under the new framework, LTA will buy the transport firm�s operating assets � for the North-South and East-West lines, the Circle Line and the Bukit Panjang Light Rail Transit � worth S$1.06 billion.

Temasek approached SMRT with the buyout proposal last Friday, July 16. A shareholder meeting is expected around September or October. Temasek expects to close the deal in October or November.

SMRT runs three rail lines while rival SBS Transit runs two. Singapore is also building a sixth line which is expected to be ready in 2019.

Edited by Jellandross, 20 July 2016 - 07:25 PM.

next step. Temasek sells back the privatised SMRT to government for a profit.

�

What was the last transacted?
How much is this gonna cost her?

refer to the post above. ;-)

What a turn of events in just a few days

Good for the longer term i suppose

Win win win for all parties ....

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Win for all the shareholders ...

Win for the govt ...

And lastly win for all Singaporeans ... and hopefully increase maintenance and less breakdown :)

�

But then hor, with govt spending more than $2bil .... they would need to get back these $ from somewhere else .... increase in train fares or increase in tax ... govt always win !

What a turn of events in just a few days

Good for the longer term i suppose

Tax payers just got shafted to the tune of over $2 billion from lta and temasek. .. so far.

"Good" is a subjective term.

So w/o factwire building a case for their domestic purpose, the buyback here would not have occurred. The power of an un-muzzled press.

So w/o factwire building a case for their domestic purpose, the buyback here would not have occurred. The power of an un-muzzled press.

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I don't think so.� Very likely the whole series of event has been planned all along.� Factwire is juz a noise that Hui Ge tell u to ignore.

Tax payers just got shafted to the tune of over $2 billion from lta and temasek. .. so far.

"Good" is a subjective term.

With so many billions spent, you'd think we would be riding in spaceships by now.

The big joke is all we're trying to achieve are the SLAs that the original MRT had started with decades ago - a reliable, timely and affordable public transport.

I'm really interested in knowing who's bank accounts have benefited from all these humongous amount of tax payers money. I'm not suggesting anything illegal of course, as all "fringe benefits" are always done legally in SG.

Edited by Jellandross, 20 July 2016 - 08:35 PM.

Win win win for all parties ....

Win for all the shareholders ...
Win for the govt ...
And lastly win for all Singaporeans ... and hopefully increase maintenance and less breakdown :)

But then hor, with govt spending more than $2bil .... they would need to get back these $ from somewhere else .... increase in train fares or increase in tax ... govt always win !

Car-lite.... car-lite.....
Is basically making owning, driving, parking car expensive.

Converting all private estates roads to season parking is another big bucket.

2 billion is 6 mths worth of COE, very short period for break-even.

May someone please tell me I am wrong.

LTA offer $1bil to SMRT for the asset. TH, which hold 54% of SMRT get $540mil.

TH then offer $1.18bil to buy over remaining 46% of SMRT shares. Nett nett, TH paid only $640mil to buy out SMRT??

If this is true, it is going to be the bestest illustration of left pocket to right pocket, and without using any hand!

Good news keep coming. More water and more huat with this deal for some people's pocket.

Temasek offers around S$1.18 billion to buy out SMRT
http://www.todayonli...on-buy-out-smrt

SINGAPORE � The Republic�s investment firm � Temasek Holdings � has offered to take public transport operator SMRT private at S$1.68 per share, according to a joint statement by both companies on Wednesday (July 20). The offer follows SMRT�s announcement on Friday that it would be selling its operating assets to the Land Transport Authority (LTA).

Once the acquisition is completed, SMRT will be wholly-owned by Temasek and will be delisted from the Singapore Exchange. Temasek currently owns 54 per cent of SMRT and is expected to pay around S$1.18 billion for the shares it does not own. The offer price represents a 10.8 per cent over the 12-month period volume weighted average price of S$1.516 per share of SMRT before the last trading day. SMRT shares have been suspended from Friday and last traded at S$1.545 each.

Privatisation will provide SMRT with greater flexibility to focus on its primary role of delivering safe and high quality rail service without the short term pressures of being a listed company, and in the midst of its transition to a new regulatory framework. Under the new framework, LTA will buy the transport firm�s operating assets � for the North-South and East-West lines, the Circle Line and the Bukit Panjang Light Rail Transit � worth S$1.06 billion.

Temasek approached SMRT with the buyout proposal last Friday, July 16. A shareholder meeting is expected around September or October. Temasek expects to close the deal in October or November.

SMRT runs three rail lines while rival SBS Transit runs two. Singapore is also building a sixth line which is expected to be ready in 2019.

See, I already told you water = Huat. Even Today use the "waterfall" photo for the take over news... [:p]

Ah tee ah...

Temasek going to pay how much more to buy out. . Also tax payer money leh..

Only $1B bill for tax payers? ?!!
.. pee leh tan ku ku..

After buy over. . Who knows how much more unspoken unknown unacknowledged unseen unexposed problems will be quietly dealt with. .. using your untouchable tax dollars ..

Perfect solution.. or perfect cover up.

I am also guessing that the motives behind the privatisation is to keep more unknown in the dark.

Listed company have to response to shareholders, TH don't need. The untold shall be buried deep in the ground soon. More Factwire kind of reporting shall be noise...

After so many so many breakdown / delay in the recent years, the whole management team should step down and the company to be delisted, to prevent them from being too profit orientated.

I am now open my eyes big big to see if TH will be changing the management team.

Edited by Carbon82, 20 July 2016 - 08:56 PM.

Read what lky said about SIA.

http://www.straitsti...ly-to-singapore

The airline was not a prestige project, he told them. If they could not turn in a profit, "we should have no compunction in closing a service down", he warned. "The future of Singapore Airlines depends more on the reality SIA leaves behind on their passengers than on their advertisements."

Would he spend $2B hard earned to save SMRT?

Or would he let it fail, take heads, then just moved in and take over? ?

Read what lky said about SIA.

http://www.straitsti...ly-to-singapore

The airline was not a prestige project, he told them. If they could not turn in a profit, "we should have no compunction in closing a service down", he warned. "The future of Singapore Airlines depends more on the reality SIA leaves behind on their passengers than on their advertisements."

Would he spend $2B hard earned to save SMRT?

Or would he let it fail, take heads, then just moved in and take over? ?

�

The son does not have the father's mettle.

�

SIA is also a different case altogether. The problem with SIA that could make it suffer losses is due to the demands of the 'noisy' unions at that time.

�

SIA does not suffer from lack of planning, lack of maintenance, lack of skills and knowledge, and poor selection of hardware, like SMRT.

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To fix these unions, sure, he would have no hesitation about letting the airline fail. Can always rebuild the airline once the 'noisy' people are taken care of.

Rem NOL??

�

yeah ... NOL Building is now Fragrance Empire Building ...� [:p]

It make sense to me for TH to bail smrt out. Smrt already made it clear they are falling into debt becoz of the trains' high maintenance and rail network replacement. Other rail operators like SBS are not dealing with an ageing rail system. If the chenghu do not do anything Singapore would face more public transport issues. Hopefully smrt will stay afloat after the buyout.

I think this whole episode is Gov [(LTA)-(TH)] trying to use money (1.68b) to cover something which only they know, and make sure no one will able to question them, as TH is a private coy.�

Maybe I should setup kiosk outside MRT to sell umbrella, those atas type that can withstand anything that may fall through any hairline cracks... [laugh]

Edited by Carbon82, 21 July 2016 - 06:51 AM.

peoples ....

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this privatisation deal is very complex, like how petrol prices are set.

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explain to you all the details also cannot understand one lah.

�

:XD: � :XD: � :XD:

next step. Temasek sells back the privatised SMRT to government for a profit.

dont think its woll that way. First Temasik will repair and renew the train and it's system, all done they will sell back to SMRT at a loss. Remember Temasik has no one to answer and easily cover their loss...tio bor?

No worries people. The current public transport system just have some hairline cracks that needs to RMA. TH is doing what it can to RMA this problem. This TH take over is not safety critical. Please do not panic.

�

Not really. I see this move as a face saving measure by the government to take take back the public transport under it's fold stealthily and hopefully not many can see it if they do it gradually.

�

dont think its woll that way. First Temasik will repair and renew the train and it's system, all done they will sell back to SMRT at a loss. Remember Temasik has no one to answer and easily cover their loss...tio bor?

�

so, WP was right in their push to nationalise public transport?

however, this buyout has no nationalisation benefits?

Attached Thumbnails

Edited by Wt_know, 21 July 2016 - 08:01 AM.

peoples ....

�

this privatisation deal is very complex, like how petrol prices are set.

�

explain to you all the details also cannot understand one lah.

�

� �

�

I like your explanation !

I understand your explanation... yup, we really don't understand theirs

SIA does not suffer from lack of planning, lack of maintenance, lack of skills and knowledge, and poor selection of hardware, like SMRT.

�

Last but certainly not least, SIA is not headed by an army general with no airline experience. The current CEO, Goh Choon Phong, joined�SIA in 1990.�Prior to his appointment as CEO in 2010, he worked for the SIA group for more than 20 years for the airlines' operations in China and Scandinavia (source: wiki). This should be the way. Has anyone watched Jiro dreams of Sushi?�Jiro the sushi chef,�was doing and perfecting his craft for his whole life and earned himself 3 Michelin stars. His work ethic, because it's repetitive, builds on itself and escalates.

�

To this day, I still could not understand the logic of parachuting army generals into fully operational listed companies. I feel sorry for NOL, MRT, Singtel, and a few others. It does not make sense�to me especially when they were being paid millions for no relevant experience, and bringing their companies to their knees with the exception of Singtel, which was almost a�monopoly back then.

Edited by Weez911, 21 July 2016 - 08:51 AM.

Last but certainly not least, SIA is not headed by an army general with no airline experience. The current CEO, Goh Choon Phong, joined SIA in 1990. Prior to his appointment as CEO in 2010, he worked for the SIA group for more than 20 years for the airlines' operations in China and Scandinavia (source: wiki).

To this day, I still could not understand the logic of parachuting army generals into fully operational listed companies. I feel sorry for NOL, MRT, Singtel, and a few others. It does not make sense for me.

National security comes to my mind :XD:

Not really. I see this move as a face saving measure by the government to take take back the public transport under it's fold stealthily and hopefully not many can see it if they do it gradually.

maybe...only time will tell who gets it right...just like the smrt initial privatisation. It look good on paper but many mistakes were made along the way resulting in the current situation. Privatisation is supposed to be beneficial for all parties....but some how or rather it always go wrong.

don't get you. Seem like we are both talking about the same stuff... that is,privatization is and has been proven to be the wrong move and that the current TH move is the beginning of the end of a private MRT system.

�

maybe...only time will tell who gets it right...just like the smrt initial privatisation. It look good on paper but many mistakes were made along the way resulting in the current situation. Privatisation is supposed to be beneficial for all parties....but some how or rather it always go wrong.

�

maybe...only time will tell who gets it right...just like the smrt initial privatisation. It look good on paper but many mistakes were made along the way resulting in the current situation. Privatisation is supposed to be beneficial for all parties....but some how or rather it always go wrong.

That's because SMRT is semi-privatise

Train fault this morning again! Between marina south pier and marina bay station!� [shakehead]

so, WP was right in their push to nationalise public transport?

however, this buyout has no nationalisation benefits?

�

nationalization means jeng-hu operate the trains, so since SMRT, a de-facto legal private entity operates MRT, it's not nationalization.

�

Jeng-hu style of argument.��

don't get you. Seem like we are both talking about the same stuff... that is,privatization is and has been proven to be the wrong move and that the current TH move is the beginning of the end of a private MRT system.

ok i rephrase....only time will tell whether you or me is right. Just like when they announce SMRT (semi) privatisation. They promised a better and efficient service but everything went south except the top man and their honcho's salary.

That's because SMRT is semi-privatise

hahaha.....semi as in every other things the gov must pay but profit SMRT (as the private entity)gets to keep!

mycarforum

Thứ Bảy, 7 tháng 1, 2017

ALL consolidated SMRT/NEL/KTM simisai BREAKDOWNS here! part 39

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