SMRT CEO: We are accountable to shareholders

[monkey001]

SMRT = Singapore Mass Rapid Transit.. correct?
A national transport.. public transport... public not means owned by government? Owned by shareholders?
Someone can explain to me how a public transport can haf shareholders?

something's not rite!!

Wait till you read about singapore national dental centre. A young man thought that the word "The National" meant "the people's" but he was dead wrong. It is all about profit too using the country resource to make more and more money for the famiLees.

 

[Tension68]

Public transport because they use public fund/tax payer money.

ahahaha...eh...(??).. OUCH.. MY MONEY!!!!!

 

[Tension68]

Wait till you read about singapore national dental centre. A young man thought that the word "The National" meant "the people's" but he was dead wrong. It is all about profit too using the country resource to make more and more money for the famiLees.

... this is seriously wrong.. Wrong I tell you!!

 

[monkey001]

monkey

What fuck shareholder when the trains are bought using taxpayer money?

they should have named a station to commemorate this.

 

[monkey001]

... this is seriously wrong.. Wrong I tell you!!

i know.

but the above is all i have to say. the message keeps appearing and telling me to write more than 10 characters.

 

[Fook Seng]

Only accountable to shareholders? Not accountable to passengers who are the paying customers?

 

[Tension68]

Only accountable to shareholders? Not accountable to passengers who are the paying customers?

Because "they" believe that Sinkies will nvr stop using MRT or public buses.
Maybe we shud haf one day no bus n mrt day.. see how much money they lose

 

[monkey100]

anyone here owns smrt shares?

 

[Cruxx]

Because "they" believe that Sinkies will nvr stop using MRT or public buses.
Maybe we shud haf one day no bus n mrt day.. see how much money they lose

Demand is inelastic. Sinkies will put up with any fare increase as long as they can continue to ride on their "first world" MRT and SBS. Majulah PAP!

 

[Conqueror]

Hello Kitty Gun

Demand is inelastic. Sinkies will put up with any fare increase as long as they can continue to ride on their "first world" MRT and SBS. Majulah PAP!

One supplier = monopoly or few suppliers = oligopoly.

In Sinkiesland, this is a sad case. We cannot say no to anyone but LL and give money to brigands up there. And yet, we get poor service - lousy connection, slow download speed, mrt breakdowns, etc.

 

[1sickpuppy II]

anyone here owns smrt shares?

Yup, I own some been buying them with my mid year bonus eversince it started selling it at 61cents why?

 

[ionzu]

Only accountable to shareholders? Not accountable to passengers who are the paying customers?

nope, just like how PAP is only accountable to citizens and not tourist. same for MRT, passengers = "tourists" while the shareholders are "citizens"

right wing politics of smaller government gone wrong. obama should take a firmer stance against right wing banana republics.