PAP cant socialise costs and privatise profits.
May the pap learn from this bitter lesson
same as in PSA.
I was informed that government and LTA built West Coast Highway just for the purposes of PSA (Trucking).
However, PSA did not pay a single cent to Westcoast highway fund and all the bills are paid by tax payers money
what if SMRT continues to be bad as overnight shit even after de privatization
Finally SMRT is nationalised and will be delisted.
This is an auspicious event as it shows that many Singaporeans were right that pap should not have listed SMRT as the PAP cant socialise costs and privatise profits.
May the pap learn from this bitter lesson
Just a matter of time before some smart aleck is going to suggest it to be listed again in the name of productivity and efficiency.
Just so you heard it first from lifeafter41......
Just a matter of time before some smart aleck is going to suggest it to be listed again in the name of productivity and efficiency.
Just so you heard it first from lifeafter41......
Finally, PAP listened to Low Thia Kiang's suggestion to nationalise our SMRT. It goes to show that WP has better foresight than the complacent PAP.
Maybe Dr. Tony Tan was right. Dumb idea to build the mrt when it's bleeding taxpayers so much money.
Building MRT was right. Privatising it was wrong
Building the mrt was good for me. I made a lot of money from SMRT shares and dividends. Bought it more than 10 years ago and sold it recently. Bought another batch about about $1.30 and offloaded it during the acquisition by TH.
good for TH too. but it is morally wrong for PAP to take singaporeans' asset and give it to TH
Management for smrt was pretty screwed up when they over the years retrenched lots of capable engineers and technicians and started to grow the rental business. It was only a matter of time before the infrastructure would start to break down repeatedly despite multiple stop gap measures of fixing.