SMRT

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(17-01-2014, 04:11 PM)kichialo Wrote:
(17-01-2014, 02:22 PM)CityFarmer Wrote: Isn't it true, no fare hike for 2013, but in Apr 2014?

In other words G cannot claim there was no fare hike in 2013, because it was merely delayed to this year. Hence, sneaky. Sad

Interesting. Do you expect no fare hike even after 2013, or years after, after G said no hike in 2013?
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different people interpret/expect differently ... saying G is sneaky ??? does it make sense?

E.G. now, every1 knows the increase from Apr 2014 is 3.2%

Then, is the following sneaky? (hey, not G again)

Student fare increase from 38cts to 40cts
which is a whopping 5.26%
Adult fare increase from 77cts to 81cts
again, another whopping 5.16%

(feeder bus services fare)

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(17-01-2014, 04:30 PM)CityFarmer Wrote:
(17-01-2014, 04:11 PM)kichialo Wrote:
(17-01-2014, 02:22 PM)CityFarmer Wrote: Isn't it true, no fare hike for 2013, but in Apr 2014?

In other words G cannot claim there was no fare hike in 2013, because it was merely delayed to this year. Hence, sneaky. Sad

Interesting. Do you expect no fare hike even after 2013, or years after, after G said no hike in 2013?

No fare hike even after 2013, or years after? Which straw man said that? Huh
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ptc read from the news that they have based the rate hike on the bonus/wage rise by the general population in 2013, and that 2013 bonus was generally better than 2012's.

we also just seen tanjong pajor plaza newly opened hawker centre also raising food prices..there seems to be a broader inflation effect taking place...

time to save more..for me I will try to walk and avoid taking public transport whenever possible..but the problem is the roads are dangerous and smelly..many cars speeding on the road
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About 19,000 commuters heading to work on Monday morning were hit by a 90-minute disruption along SMRT's North-South Line between Sembawang to Marina Bay stations.

SMRT Vice-President of rail operations Alvin Kek told local media that a signal fault detected at 8:10am caused a southbound train to stall about 500 metres from Ang Mo Kio station.

SMRT deployed a 12-car rescue operation to push the stalled train into Ang Mo Kio station. This took almost 45 minutes and the stalled train -- with 1,800 passengers onboard -- arrived at Ang Mo Kio station at about 8.54am.

At the same time, the rail operator said free bus and shuttle services were deployed between Woodlands and Bishan MRT stations from about 8.30am to 9.40am.

At 9:43am, SMRT said all train services between Sembawang and Marina Bay stations had started again, and that free bus and shuttle services had ceased.

SMRT apologised for the delay caused to commuters and said they are further investigating the cause of the fault.

Affected passengers took to social media to complain about the service disruption, with some reporting up to 45-minute delays in their journeys.

On a comment on SMRT's Facebook page, Cheng ChuYin said, "I am disappointed with SMRT once again. The long queue began at Khatib MRT station since 7.50am and now we are stuck in a train for more than 30mins. We are only notified of train fault at AMK station at 8.30am! This is not helping with the thousands of commuters standing for past 30 mins! Please kindly refund our fare and assist us further! Everyone is late for school and work!"

Another Facebook user, Teh ZY, said, "Can you imagine a crowded train full of standing passengers and they are forced to stand for more than 20mins? I even saw a female passenger almost fainted because of standing too long."

Following the train fault, several commuters questioned the Public Transport Council's approval last week of bus and train card fare increases of between two to six centavos from April this year.

SMRT has welcomed the PTC's decision, saying that it "made an attempt to achieve a balance between public affordability and the increased level of operational costs associated with the delivery of a safe, reliable and commuter-centric transport system".
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Now a day , it will be unusual if there is no breakdown.
“risk comes from not knowing what you’re doing.”
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mmm... if penalty tag to revenue then will get more interesting...

An idea just strike me... All SMRT executive should collect $1 salary until the company did not get any fine for at least 12 months (or adjust shorten to fit their confidence level eg. 1 week/month?)

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A Life not Reflected is a Life not Worth Living.
感恩 26 April 2019 Straco AGM ppt  https://valuebuddies.com/thread-2915-pos...#pid152450
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Signal fault causes rush-hour MRT delay - ST by Rouston Sim

LTA said it will conduct an independent probe of the incident.

It has asked SMRT for a full report.

Asked how the fare hike could be justified, SMRT CEO Desmond Kuek said:
"The timing is most unfortunate.
PTC decision to raise fares recognized that there are operating costs that have to go into the kinds if repairs and maintenance that need to be made in order to sustain and to keep a system at a high level of reliability, availability and safety."

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A Life not Reflected is a Life not Worth Living.
感恩 26 April 2019 Straco AGM ppt  https://valuebuddies.com/thread-2915-pos...#pid152450
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(20-01-2014, 11:53 PM)pianist Wrote: SMRT has welcomed the PTC's decision, saying that it "made an attempt to achieve a balance between public affordability and the increased level of operational costs associated with the delivery of a safe, reliable and commuter-centric transport system".

Somewhere between "public affordability and the increased level of operational costs" is dividends payments to shareholders.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(21-01-2014, 08:06 AM)opmi Wrote:
(20-01-2014, 11:53 PM)pianist Wrote: SMRT has welcomed the PTC's decision, saying that it "made an attempt to achieve a balance between public affordability and the increased level of operational costs associated with the delivery of a safe, reliable and commuter-centric transport system".

Somewhere between "public affordability and the increased level of operational costs" is dividends payments to shareholders.
And who is still the LARGEST SHARE HOLDER? KNN.
WB:-

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2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

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