- Joined
- Dec 30, 2010
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- 12,730
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People connected to substantial shareholdings of the SMRT do not usually take the public transport, but they are the ones who decide if the company has performed or if the CEO is acceptable. Their immediate interest in the Corporation would be the return on their investments than the services’ efficiency, sad to say. As a listed entity, it is only logical that the SMRT management put priority on being “answerable to its shareholders” over providing the Singapore public with a smooth transport system. And with an increase of annual profits from $57m to $161m, there is no reason why these shareholders should think of Ms Saw as not doing a fine job and remove her.
Therefore, it is not surprising that its CEO responded to recent negative issues without much remorse as opposed to the attitude of even the Transport Minister. Given the situation, are Singaporeans in the position to question why its train/track maintenance is poor? Notice that we were always told that our train fares were being adjusted up due to higher running costs? Why is the Corporation still able to convince the PTC to step up its fares with rising costs as the reason when its annual profits are already heading up three-fold?
- http://www.sgpolitics.net/?p=7278
Therefore, it is not surprising that its CEO responded to recent negative issues without much remorse as opposed to the attitude of even the Transport Minister. Given the situation, are Singaporeans in the position to question why its train/track maintenance is poor? Notice that we were always told that our train fares were being adjusted up due to higher running costs? Why is the Corporation still able to convince the PTC to step up its fares with rising costs as the reason when its annual profits are already heading up three-fold?
- http://www.sgpolitics.net/?p=7278
