Paid millions but still screwed up

Singapore's Temasek mulls three-way split, Bloomberg News reports​

By Reuters
August 20, 2025


Man passes a logo of state investor Temasek Holdings at their office in Singapore


A man passes a logo of state investor Temasek Holdings at their office in Singapore July 8, 2014. REUTERS/Edgar Su/File Photo Purchase Licensing Rights, opens new tab

Aug 20 (Reuters) - Singapore's Temasek (TEM.UL) is weighing a reorganisation into three investment vehicles, as the state owned investor looks to improve returns and efficiencies, Bloomberg News reported on Wednesday.

One unit would focus on the biggest local holdings such as flag carrier Singapore Airlines (SIAL.SI), opens new tab while the other would largely look at foreign investments, the report added, citing people familiar with the matter.


A third unit would include all of Temasek’s fund investments.

Temasek did not immediately respond to a Reuters request for comments.

The state investor, which currently allocates responsibilities by region and asset class, is considering the revamp to allow executives to sharpen their focus and improve performance, the report said.

A decision could be unveiled in the coming months, though the plan might be rolled out earlier, according to the Bloomberg report.
 
Dr Tan See Leng used to earn $11.9 million per year (including bonuses) at Parkway Pantai. Yet business was down by 35% under his watch in his second last year as CEO.
 

MRT reliability falls to lowest level since 2020; LRT network improves​

On average, MRT trains clocked 1.6 million train-km without delays that lasted more than five minutes in the 12 months ending June 2025.


On average, MRT trains clocked 1.6 million train-km without delays that lasted more than five minutes in the 12 months ending June 2025.

Summary
  • Singapore's MRT reliability declined to near-2020 levels with 1.6 million train-km between delays, falling short of the 1.98 million in 2024.
  • North East Line (NEL) and Circle improved, but Downtown, East-West and North South lines fared worse, impacting overall reliability figures.-
  • LRT lines showed improved performance, while two delays lasting over 30 minutes occurred on the Circle and Downtown Lines in 2025.
AI generated

Sep 05, 2025

SINGAPORE – The reliability of the MRT network over the 12 months ending June 2025 fell to its lowest level since 2020, based on the latest figures from the Land Transport Authority (LTA).

On average, MRT trains clocked 1.6 million train-km without delays that lasted more than five minutes in the 12 months ending June 2025, down from 1.98 million train-km in 2024.

In 2020, trains travelled an average of 1.45 million train-km without delays.

The LTA publishes reliability figures quarterly, using a 12-month moving average of mean kilometres between failure (MKBF) – an engineering standard that captures the distance a train travels before it encounters a delay of more than five minutes.

Singapore has set an MKBF target of one million train-km for the MRT network – a mark that all MRT lines exceeded despite the overall dip in reliability.

The North East Line (NEL) and Circle Line (CCL) improved in reliability, but the other three MRT lines fared more poorly than in 2024.

Trains on the SMRT-run CCL went an average of 1.07 million train-km between delays, up from the 919,000 train-km in 2024, but still some distance away from the 1.84 million train-km peak achieved in 2022.

The CCL remains the least reliable among the five MRT lines listed in the LTA report, which excluded the SMRT-run Thomson-East Coast Line (TEL). LTA previously said that the TEL’s current operating figures would not accurately reflect its reliability when compared with existing lines.

The NEL dethroned the Downtown Line (DTL) as the best performer on the network, clocking 4.23 million train-km in the period, up from 4.1 million train-km in 2024. Both lines are operated by SBS Transit.


The DTL posted 4.12 million train-km between delays, down from the high of 8.13 million train-km in 2024. DTL had been the best-performing line since 2020.

Coming in third is the East-West Line (EWL), with 1.44 million train-km. This is down from 1.69 million train-km clocked in 2024.

Next is the North-South Line (NSL) with 1.24 million train-km, dropping from 2.49 million train-km in 2024. NSL and EWL, the two oldest lines on the MRT network, are run by SMRT.

Reliability on the LRT network improved to an average of 534,000 car-km between delays in the 12 months ending June 2025, up from 382,000 car-km in 2024.

Both LRT lines fared better – the Sengkang-Punggol LRT run by SBS Transit clocked 1.25 million car-km between delays, compared with 549,000 car-km in 2024.

SMRT-operated Bukit Panjang LRT posted 247,000 car-km, improving on the 232,000 car-km posted in 2024.


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The MKBF measure captures the distance that trains travelled between delays, but not the severity of disruptions.

In the first six months of 2025, the LTA report showed there were two delays that lasted more than 30 minutes on the MRT network, one on the CCL and the other on the DTL.

Based on alerts put out by the rail operators on their social media channels, on the afternoon of March 5, a train fault on the CCL affected services at 10 stations, between Promenade and Serangoon. This prompted SMRT to activate free regular bus services and run a shuttle train service.

The major disruption on the DTL happened on April 28, near the end of passenger service hours.

This latest LTA report does not reflect the major delays that have occurred since July, which include a three-hour disruption on the Bukit Panjang LRT on July 3.

On Aug 6, a faulty track point machine near Jurong East MRT station disrupted service on the EWL for five hours.

A power fault that originated from the NEL depot substation disrupted service on both the MRT line and Sengkang-Punggol LRT for several hours in August.

In a first, the LTA included comparisons with metro systems in other countries in its latest report. The authority noted that these reliability figures are based on the latest publicly available sources, and the range of dates for data from the metros thus differs.

LTA converted the unit of measure for the Singapore’s rail network, which is in train-km, to car-km, which is used by metro operators in Hong Kong and Taipei. It did so by multiplying the train-km figure by the number of train carriages that make up each train.

The CCL and DTL use three-car trains, while the NSL, EWL and NEL use six-car trains.

Based on the latest figures, Singapore ranked above the Hong Kong MTR and New York City Subway in reliability but lagged behind the Taipei Metro’s performance for 2023.

Another chart provided in the report showed how the MRT system fared against metros in large Japanese cities from 2021 to 2023, in terms of the number of service delays exceeding 30 minutes.

In 2023, Singapore’s MRT ranked third, behind Nagoya Subway and Tokyo City – Tokyo Metro, but ahead of Osaka Metro, Tokyo City – Toei Subway, and Yokohama Subway.
 

LTA forms new task force with rail operators to tackle MRT, LRT disruptions​

This comes after a spate of at least 15 separate rail disruptions hit the MRT and LRT network over the past three months.


SMRT staff directing the public at Outram Park MRT station during the disruption of train service on the Thomson-East Coast Line on Sept 17.

Summary
  • A task force will be formed by LTA, SMRT and SBS Transit to improve rail reliability after at least 15 recent disruptions, and it will submit recommendations by end-2025.
  • The task force will review the maintenance and operation of critical systems as well as decision-making during disruptions, focusing on upgrades and faster service recovery.
  • Acting Transport Minister Jeffrey Siow has asked LTA to share more information with the public on the authority’s ongoing investigations into the recent disruptions.
AI generated

Sep 19, 2025

SINGAPORE - A new task force comprising industry experts and senior leaders from the Land Transport Authority (LTA) and rail operators SMRT and SBS Transit will be formed to find immediate solutions to improve rail reliability and responses to service disruptions.

This comes after at least 15 instances of delays and interruptions across the MRT and LRT networks over the past three months, with the latest involving the suspension of train service on the Thomson-East Coast Line during the morning peak on Sept 17.

The new task force will report its findings regularly to Acting Transport Minister Jeffrey Siow and submit its final recommendations by the end of 2025, said LTA, SMRT and SBS Transit in a joint statement on Sept 19.

It will be chaired by LTA chief executive Ng Lang and include SMRT group chief executive Ngien Hoon Ping, who was previously LTA chief, as well as SBS Transit group chief executive Jeffrey Sim. LTA did not disclose which industry experts will be roped in.

The task force will review the recent service disruptions to identify components that may require replacement, upgrading or increased maintenance.

One area that will be looked at is whether the renewal programme for the North East Line (NEL) power system can be brought forward. No timeline was given.

The NEL and Sengkang-Punggol LRT system suffered a major electrical outage lasting several hours on Aug 12, with LTA later pledging to work with operator SBS Transit on longer-term upgrades to the power supply.

The task force will also review ways to strengthen the signalling system for the NEL and SMRT-run Circle Line in the short term before renewal is due, which typically happens around the 30-year mark.

The 22-year-old NEL and 16-year-old Circle Line use the same signalling system supplied by French company Alstom. This system is key as it directs rail traffic, keeps trains a safe distance from each other and ensures they run according to schedule.

The task force will also jointly carry out full technical audits of the maintenance and operation of critical systems, covering areas such as maintenance processes, staff training and competency, and the condition of rail assets.

Decision-making during a disruption is another area up for review, and the task force will look into ways to lower the impact of service delays on passengers.

This includes reviewing training regimes for officers on the ground, and relooking procedures to quicken service recovery and reduce the number of instances where passengers have to alight from trains between stations.

Called “detrainment”, the scenario lengthens service recovery times as added precautions need to be taken to ensure that it is safe for passengers to walk along the tracks.

In a Facebook post on Sept 19, Mr Siow said he has asked LTA to share more information with the public on the authority’s ongoing investigations into the recent rail disruptions, as well as the steps that are being taken to address them.

“By keeping the public updated, I hope you can better understand the challenges and know that we are fully committed to keeping the network safe and reliable,” he added.

“I know commuters are frustrated when disruptions occur, especially after a period over the last few years when our rail reliability has been at a high level. Train systems are complex – many things can go wrong, even with redundancies in place,” Mr Siow wrote in his post.

This is the second time in two months that the Acting Transport Minister has responded to public outcry over rail reliability.

In early August, after a five-hour disruption on the East-West Line, Mr Siow described the slew of rail incidents then as “disappointing” and pledged to do better, though he also noted that the earlier incidents were on different lines and unrelated.

On Sept 17, SMRT Trains president Lam Sheau Kai took a similar tack when addressing the latest string of three service disruptions that occurred over four days on different lines run by the rail operator.

“These are isolated cases, not systemic issues across the rail network,” he told reporters during a press briefing at Kim Chuan Depot.

Before this recent spate of incidents, the MRT network’s overall reliability had already fallen to its lowest level since 2020, according to LTA’s latest statistics for the 12 months ending June 2025.

On average, MRT trains clocked 1.6 million train-km without delays that lasted more than five minutes, down from 1.98 million train-km in 2024.

This is, however, still above the Government’s target of one million train-km between delays for the rail network, which was set in 2017.

In a statement on Sept 19, National Transport Workers’ Union (NTWU) executive secretary Yeo Wan Ling said the union fully supports the establishment of the new task force, noting the collaborative efforts being made to improve the rail system.

The Punggol GRC MP added: “The NTWU... will continue to advocate strongly for the well-being of all public transport workers, ensuring that they are equipped with resources and training necessary to contribute effectively.”



Date: July 1
Line: Thomson-East Coast Line
Type: Signalling fault
Cause: A faulty computing unit in signalling equipment at Orchard station affected train service between Napier and Great World stations. The component has been replaced.

Date: July 3 and 19
Line: Bukit Panjang LRT
Type: Power fault
Cause: A malfunctioning network switch at Bangkit station led to a loss of communication to the traction power system. This caused the power supply to trip for safety reasons. The switch has been replaced.

Date: July 26
Line: Bukit Panjang LRT
Type: Power fault
Cause: The contact between a train collector shoe and a power rail was poor. The collector shoe has been realigned.

Date: Aug 6
Line: North-South Line and East-West Line
Type: Track point fault
Cause: A faulty track point, which controls the movement of trains from one track to another, caused a delay to the start of service at Jurong East and Kranji stations. The faulty cables have been replaced.

Date: Aug 12
Line: Sengkang-Punggol LRT and North East Line
Type: Power fault
Cause: A faulty voltage transformer at a substation in Sengkang Depot caused two interconnected switchboards that serve as backups to each other to trip. The voltage transformer has been replaced.

Date: Aug 15
Line: Sengkang-Punggol LRT
Type: Power fault
Cause: A faulty power cable between Farmway and Kupang stations led to a system-wide power outage. The backup power supply failed to kick in due to the damage caused by the Aug 12 incident. The faulty cable has been repaired, and all power cables have been checked.

Date: Aug 28
Line: Downtown Line
Type: Track point fault
Cause: A mechanical fault in a point machine, or a device that controls a track point, between Bukit Panjang and Cashew stations affected service to Beauty World. The fault has been rectified.

Date: Sept 1
Line: Circle Line
Type: Train fault
Cause: The insulation of a cable linked to an obstacle detector failed, causing a train to stall between Marina Bay and Bayfront stations. The cable has been replaced.

Date: Sept 2
Line: North-South Line
Type: Train fault
Cause: The signalling equipment on a train near Canberra station malfunctioned, stalling the train and affecting service from Woodlands to Yishun. A faulty connector has been replaced.

Date: Sept 13
Line: Sengkang-Punggol LRT (Punggol)
Type: Signalling fault
Cause: A faulty interface component on the signalling system limited the control of trains required for start of service. The faulty component has been replaced.

Date: Sept 14
Line: North-South Line
Type: Train fault
Cause: A train door fault caused the train to stall at Toa Payoh station, affecting service from Ang Mo Kio to Newton. The faulty train door component has been replaced.

Date: Sept 16
Line: East-West Line
Type: Signalling fault
Cause: The signalling system lost power due to a component failure in the uninterruptible power supply system – which provides backup power to facilitate rail operations during incidents – at Eunos station. This affected service between Aljunied and Tanah Merah stations. Power has been restored.

Date: Sept 17
Line: Thomson-East Coast Line
Type: Signalling fault
Cause: The central signalling servers encountered a fault. This required the servers to be rebooted. During this period, the trains were operated manually, which resulted in additional travelling time. Further investigation is ongoing.
 
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