SINGAPORE - SMRT CEO Saw Phaik Hwa (picture) has continued to share her side of the story on her personal blog, with a post on Saturday on how her leadership helped to raise SMRT's revenue, preventing "huge fare increases".
Ms Saw, who resigned in January after two major train service breakdowns on the North-South Line in December, said that one of her main tasks when she joined the company nine years ago was to improve the bottom line.
"This was the first time I was faced with a business whereby costs escalated quickly but revenue did not grow at the same pace. Ridership was growing at a steady but slow 2 per cent annually, with limited or no fare increase," said Ms Saw, whose retail background and suitability to run SMRT had come under fire in the wake of the breakdowns.
As the company "can never cut corners" to improve margins, the "most obvious opportunity" was to make full use of its station assets - the space.
Ms Saw said the monies brought in from maximising retail and advertising space benefitted commuters. SMRT managed to raise commercial revenue from S$28 million to more than S$100 million, "averting the need for huge fare increases".
Other key challenges when she became CEO included improving LRT services, which were suffering multiple stoppages, and managing the merger with TIBS.
"Delving deeper, we realised that the LRT was run as a separate company, not only legally but also in every way. For example, the strong SMRT train team was not involved in the running of the LRT trains," she said. "Thus, it was not surprising that the young LRT team was in over its head. Its actions were mainly stop-gap measures."
The company's train management eventually merged with SMRT, and problems like its "badly-commissioned geoloc system" and complicated power system were tackled.
As for the TIBS merger, which faced resistance due to "turf pride", Ms Saw said this was eventually resolved by consulting all its staff on defining its mission.
Ms Saw also addressed the criticism to her starting a blog, saying the negative comments did not surprise her.
She wrote: "Friends ask me to respond but I don't feel a need to. If you have enjoyed what I've posted so far (and I know it's not a lot), thank you for reading. If you have not found it interesting, then perhaps an alternative blog or website might better suit you. I leave it up to you."
Her last day at SMRT is April 5.
This table shows very clearly that the increased revenue did not go to prevent huge fare increase. Stoopid butch should do her homework before looking for sympathies. :oIo:
