A MUST-READ blog if you really want to understand what is happening with SMRT now

[Confuseous]

So, since so much of its profits are distributed as dividends to shareholders, who are SMRT’s shareholders? Almost everyone on the street would say it belongs to zheng hu and they are right.Temasek owns 55% of SMRT and the amount they get yearly in dividends is princely. What a brilliant method to impose an indirect tax on commuters while recouping its investment for building the rail infrastructure!! (Great thinking by the scholars!) Hence, with a majority chunk of SMRT owned indirectly by the government, should it not be responsive to realise that the re-investment into existing rail infrastructure was inadequate and incommensurate with the population growth?? Perhaps it is also because SMRT was seeking to maximise profits while ensuring that they distributed high dividends that basic security requirements of a public rail operator were ignored which led to the cases of vandalism earlier this year.

- http://unbrandedbreadnbutter.wordpress.com/2011/12/22/smrt-on-the-wrong-track/