SMRT

(08-07-2015, 07:34 AM)greengiraffe Wrote: We don't need asset managers... as we have plenty of them...

We don't need an expensive S$2m CEO talking empty...

We just need a $300k pa COO and CTO for public transport...

Expensive empty talkers are a waste of tax payers' resources and a huge obstacle to Nation's progress and image.

Disgrunted Commuter
Disgraced Shareholder
Odd Lots Vested

Well said. SMRT's board and management are a national disgrace.

I sometimes wonder why our MRT breaks down more often than others, while our trains are relatively new
are we really short of engineering talents here?

My take is that many people are not interested in the engineering branch of mechanical or civil. It still bank/financial job that catches our eye/ or for the engineering field, its the notion of being in lab or wafer doing research . Pherhaps we have to think of ways to showcase that mechanical/civil engineering are worthwhile jobs, despite not being air conditioned.

(08-07-2015, 02:55 PM)CY09 Wrote: My take is that many people are not interested in the engineering branch of mechanical or civil. It still bank/financial job that catches our eye/ or for the engineering field, its the notion of being in lab or wafer doing research . Pherhaps we have to think of ways to showcase that mechanical/civil engineering are worthwhile jobs, despite not being air conditioned.

It is a world wide situation.

The brightest & most talented graduates are being head hunted and attracted to jobs in the financial industries.
The glamour is intoxicating... even if it means going to jail.

Its an "awesome" moment worthy to update on twitter, facebook.

Engineering offers no such limelight or cash.

(08-07-2015, 12:53 PM)kichialo Wrote:

(08-07-2015, 07:34 AM)greengiraffe Wrote: We don't need asset managers... as we have plenty of them...

We don't need an expensive S$2m CEO talking empty...

We just need a $300k pa COO and CTO for public transport...

Expensive empty talkers are a waste of tax payers' resources and a huge obstacle to Nation's progress and image.

Disgrunted Commuter
Disgraced Shareholder
Odd Lots Vested

Well said. SMRT's board and management are a national disgrace.

I reckon a national disgrace, is an overstatement. May be a national disappointment is appropriate.

(08-07-2015, 03:17 PM)Porkbelly Wrote:

(08-07-2015, 02:55 PM)CY09 Wrote: My take is that many people are not interested in the engineering branch of mechanical or civil. It still bank/financial job that catches our eye/ or for the engineering field, its the notion of being in lab or wafer doing research . Pherhaps we have to think of ways to showcase that mechanical/civil engineering are worthwhile jobs, despite not being air conditioned.

It is a world wide situation.

The brightest & most talented graduates are being head hunted and attracted to jobs in the financial industries.
The glamour is intoxicating... even if it means going to jail.

Its an "awesome" moment worthy to update on twitter, facebook.

Engineering offers no such limelight or cash.

sad truth

the world could be more advanced, if engineering is valued the way it should be

A $50 million fine, means more than half of the net profit. A brief check, the net profit was $91 million in FY2015...

(not vested)

SMRT breakdown could result in $50 million fine, says Maybank Kim Eng

SINGAPORE (July 8): Singapore’s largest MRT breakdown in its 27 years of operating history could result in a fine of as much as $50 million on operator SMRT Corporation ( Financial Dashboard), according to Maybank Kim Eng analyst Derrick Heng in a July 8 note.

The three-hour-long evening peak-hour disruption of service on the two mainlines, North-South and East-West Lines on July 7, affected some 250,000 commuters.
...
http://www.theedgemarkets.com/sg/article...nk-kim-eng

(08-07-2015, 01:34 PM)jjlim84 Wrote: I sometimes wonder why our MRT breaks down more often than others, while our trains are relatively new
are we really short of engineering talents here?

I doubt it is engineering talent but maintenance costs. Downtime is a function of aging infra and costs.

Smrt is fighting really hard with authority so that the government will own the assets (and by implication, maintenance). I find getting smrt to maintain the track and related infra to be off the mark in terms of demarcation.. At best, smrt own the trains and govt should maintain the rest. That will also give the govt more leeway to introduce competition based on service based rewards.. Boot out smrt for foreign operators if they still cannot make it.

The political and socialeconomic costs of massive failure far outweigh the costs of more frequent/better maintenance imo.

Sent from my D5503 using Tapatalk

I am thinking of attending SMRT AGM to question the CEO

I think a 'costing' problem would be easier to solve than a 'lacking of technical know how/ engineering knowledge' problem

anyway, I do not know what is going on behind, but for the interests of all commuters, hope that they solve this frequent breakdown problem soon