7/11/2008

Quote by Cedric Foo

“If the operators’ returns are satisfactory, then it is a win-win situation. If they are unduly penalised, they do not get returns commensurate with their risks … then you would have a new set of problems – too few trains, too old buses.” Cedric Foo (TODAY) With this kind of statement and acceptance that public transport will be allowed to run to the ground if profit no enough, it is time that the govt should consider taking public transport back as a statutory board. With so many supertalents in the stats board, I am sure they can do a better job without being profit crazy. And if they cannot perform, sack them. You don't pay people so much who cannot perform. And I hope no one is going to say that only privatisation can make an organisation efficient and effective. Bull.

14 comments:

Anonymous said...

'If the operators' returns are satisfactory'

How much is satifactory? For all you know, they may benchmark their returns based on the most profitable company, like what the Government did with their minister's salaries. Trust me, they will come to that if this goes on.

Mockingbird said...

Operators always adopt means to ensure returns are satisfactory. Doing it at the expense of poor and needy Singaporean commuters, is the least of their concerns.

Anonymous said...

It is a fact that SMRT has many prime spaces, which any landlord would covet for. with so many things going for them, so many advantages and different earning streams, thru rental or advert sales etc, it has to consider hiking the train fares at a time when they'd just made 100s of millions in their coffer, is what i really dun understd; as well as how PTC considers the merits for fares hike?

Anonymous said...

It is a listed company. Therefore the dividends for the shareholders are their prime concern. Fare hike is a must if you have to keep the shareholders happy all the time. This is the result of privatisation.

Anonymous said...

...and who are the major shareholders?

Chua Chin Leng aka redbean said...

i am still wondering whether the initial investment for the infrastructure and the land have been returned to the people. it was built using public money and now privatised to make money from the public.

Anonymous said...

[url=http://www.cheapcanadagooseparkas.ca]canada goose expedition[/url] Another consideration for jeans is the detailing, look for 100% cotton and so feel soft and comfortable against the skin as well as features such as metal buttons, internal embroidery and jeans which are handily machine washable.. [url=http://www.busesbitermi.com]beats by dre[/url] Uqamhi
[url=http://www.christianlouboutindiscountsale.co.uk]christian louboutin shoes[/url] [url=http://www.ogrelarp.com]Canada Goose deutschland[/url] Hnjzog [url=http://www.pandorajewelryukonsale.co.uk]pandora charm[/url]

Anonymous said...

[url=http://www.cheapcanadagooseparkas.ca]canada goose down[/url] In purchasing an instrument from an old violin shop found online, there are several risks associated. [url=http://www.busesbitermi.com]dr dre beats cheap[/url] Zjkkac
[url=http://www.christianlouboutindiscountsale.co.uk]christian louboutin shoes[/url] [url=http://www.ogrelarp.com]Canada Goose Parka[/url] Nbccuj [url=http://www.pandorajewelryukonsale.co.uk]pandora bracelets sale[/url]

Anonymous said...

[url=http://www.cheapcanadagooseparkas.ca]canada goose store online [/url] When buying running shoes, you should always consider the type of your feet because if you bought the wrong type of shoes, you may end up with injured feet. [url=http://www.busesbitermi.com]cheap beats by dre[/url] Qqobpa
[url=http://www.christianlouboutindiscountsale.co.uk]christian louboutin shoe sale[/url] [url=http://www.ogrelarp.com]Canada Goose deutschland[/url] Ppzzen [url=http://www.pandorajewelryukonsale.co.uk]pandora jewellery[/url]

Anonymous said...

[url=http://www.cheapcanadagooseparkas.ca]canada goose[/url] that is true and great points but I assure you that lower quality clothing not made by rich designers are also made in sweat shops probably sweat shops with even worse conditions but not necessarily. [url=http://www.busesbitermi.com]beats by dre[/url] Swjxwt
[url=http://www.christianlouboutindiscountsale.co.uk]christian louboutin uk[/url] [url=http://www.ogrelarp.com]Canada Goose Jacken outlet[/url] Lkduak [url=http://www.pandorajewelryukonsale.co.uk]pandora bracelet charms[/url]

Anonymous said...

[url=http://www.cheapcanadagooseparkas.ca]canada goose down jackets sale[/url] All the organizations look for qualified and talented Salesforce professionals. [url=http://www.busesbitermi.com]dr dre beats heartbeats cheap[/url] Aqaguu
[url=http://www.christianlouboutindiscountsale.co.uk]christian louboutin outlet[/url] [url=http://www.ogrelarp.com]http://www.ogrelarp.com[/url] Edizrt [url=http://www.pandorajewelryukonsale.co.uk]pandora bracelets sale[/url]

Anonymous said...

[url=http://www.cheapcanadagooseparkas.ca]canada goose[/url] You can also try using milk bath lotion while in the shower to give your skin a lighter appearance. [url=http://www.busesbitermi.com]dr dre beats cheap[/url] Kogbam
[url=http://www.christianlouboutindiscountsale.co.uk]christian louboutin uk[/url] [url=http://www.ogrelarp.com]Canada Goose Parka[/url] Ubnrcw [url=http://www.pandorajewelryukonsale.co.uk]pandora uk[/url]

Anonymous said...

beats by dr dre jkjqbnfz beats by dre pkkrsfot beats dr dre pnyldvjf beats for sale tqtaxdoj beats headphones tamzptky cheap monster beats ttzuzmxl dr dre beats ekjygoiu dr dre headphones nmyjuanb monster beats by dre xiquviyr monster beats headphones grvebund monster beats snjeyeof monster headphones mbzysixz

Anonymous said...

beats by dr dre qojelsfg beats by dre hbopfvww beats dr dre tzjpunav beats for sale raqypanu beats headphones vgrgnrtn cheap monster beats shinftjk dr dre beats edsllbix dr dre headphones pofhsaki monster beats by dre evszlmrf monster beats headphones rkdjgtpf monster beats lunkoshs monster headphones rfxltufv