SMRT

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The figures for SBS Transit included rail business.

From what I've read, the illegal strike was incited by some PRC drivers at the end of their contract who are unhappy with the perceived differences in wage adjustment. The PRC drivers were also charged hefty fees by recruitment agents. Somehow after meddling by politicians, the issue become one of low pay. I suspect PRC drivers may not get the full amount of wage adjustment as the middleman will increase their agent fees accordingly.
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(10-12-2012, 03:44 PM)CityFarmer Wrote: This is not the first time i heard similar comment. The answer is if it is not run as corporate, it is unlikely there is sufficient money ("profit") left. Thus probably most if not all employees including bus drivers' pay will be subsidized by tax payer money.

Actually that's not true, transport operators could run as a private limited company and the government has a lot of "Pte Ltd" in their stable and these companies are run like commercial enterprises usually by ex-civil servants the kpi of these ex-civil servants are they expected to source for their own funds internally pay their own way and remain profitable the government who is the only shareholder usually does not take back any returns from these companies but also on the condition they don't provide any sort of funding. Many of these companies are very well run.
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since this govt is so gd in wealth transfer..why not upping the ERP charges to inflate bus drivers' wages?
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Wink 
Someone found the money to pay for the wage increase of the bus drivers for the Minister of Transport. Smile

http://xuyun74.blogspot.sg/2012/12/mr-lu...-here.html
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(11-12-2012, 11:02 AM)Ray168 Wrote: Someone found the money to pay for the wage increase of the bus drivers for the Minister of Transport. Smile

http://xuyun74.blogspot.sg/2012/12/mr-lu...-here.html

One of the party that is milking from SMRT, beside directors and shareholders, are the commuters IMO

Commuters are enjoying low fare and non-perfect but above average bus service quality, versus peers in the region. Tongue
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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(11-12-2012, 11:29 AM)CityFarmer Wrote:
(11-12-2012, 11:02 AM)Ray168 Wrote: Someone found the money to pay for the wage increase of the bus drivers for the Minister of Transport. Smile

http://xuyun74.blogspot.sg/2012/12/mr-lu...-here.html

One of the party that is milking from SMRT, beside directors and shareholders, are the commuters IMO

Commuters are enjoying low fare and non-perfect but above average bus service quality, versus peers in the region. Tongue

Sorry, i disagree about commuters milking from SMRT. Why? It's because SMRT as a whole is still making money from the people. No?
i used to enjoyed handsome dividends from SMRT. Maybe you are still doing so. And SMRT seems to be a "POW CHIAT" company. i may want to invest in future if all the present bugs and fleas and big parasites are goneBig Grin
Shalom.
WB:-

1) Rule # 1, do not lose money.
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.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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so this is how singapore drivers got squeezed out and staff expense remained controlled over the past many years

http://motoring.asiaone.com/print/Motori...88885.html

Driving the S'porean dream

Advertisements for jobs as Singapore bus drivers attract hundreds of applicants in cities across China.
Wong Kang Wei

Tue, Dec 11, 2012
The Straits Times

SHANDONG, CHINA - Dressed in a smart suit, Mr Zhu Baoliang steps into the lobby of the five-star Le Meridien Hotel, and is quickly ushered up to the ballroom on the fourth floor.

Taking a seat alongside 145 others, the 33-year-old begins to tick off answers to a list of multiple- choice questions in a basic theory and psychological test.

Above them, a sprawling red banner reads: "We warmly welcome the arrival of Singapore's bus company for the recruitment drive."

At each question, Mr Zhu contemplates the options carefully. "Which best describes your personality?" He glances through "soft", "romantic" and "virtuous", before ticking "cheerful". How would he react in situations? He picks "courteously" over "daringly" or "adventurously".

The test is only the beginning for Mr Zhu, who is on his second attempt to work in Singapore. It is just the first of many steps that he and many men - there are no women in this batch - have to go through to get a job as a bus driver in Singapore.

For many like him, Singapore is a bustling metropolis with job opportunities aplenty.

"It's not just about the money," says the distribution manager for electrical goods, who drove inter- city buses as a part-time job four years ago.

"I want to experience what Singapore is like, and understand how the service industry manages to grow at such a fast pace."

The money, of course, is a draw. Singapore transport operators offer total monthly salaries of up to 10,000 Chinese yuan (S$1,970), plus bonuses, housing and free transport - four times or more what a public bus driver earns in China.

Every time a recruitment notice is posted on online forums and Qzone, a Chinese version of Facebook, there is a rush of applicants who send recruitment agents their resumes and photocopies of their education certificates and driving licences.

Stage 1 - Getting ready

Since late 2007, these recruitment drives have been held in cities across China, from Chengdu, Nanjing and Zhengzhou to Jinan, Qingdao and Changchun. Often, they attract crowds of 200 or more.

Singapore-based recruitment agencies such as PeopleWorldwide Consulting act as middlemen between the transport operators and Chinese agents. The process is similar for both SBS Transit and SMRT, according to one Chinese agent.

At a recent drive to recruit 50 drivers, the Chinese agent sent the Singapore employer a shortlist of 146 names. (He declined to be named and did not want to identify the Singapore operator he represents.)

Two days earlier, the men had undergone some training, which involved revising basic driving theory, simple English lessons and some practice on a driving test route.

The training was done in two batches, in the office preparing for the theory test, and on the road to practise their driving skills.

While waiting for their training bus, the men practised their English, saying "Good morning" and "I am a bus driver".

Taking a long puff on a cigarette, Mr Zhang Yong, a 33-year-old Shaanxi native earning 3,000 yuan a month as a public bus driver, said he wanted to go to Singapore to "learn new things".

Besides, he added, Singapore's mix of East and West makes it a good stepping stone for finding employment in other English-speaking countries like Canada.

When the training bus eventually pulled up, the men rushed on board, eager to take their turn at the wheel. A coach sat near the driver, rapping out reprimands for any fault.

The practice drive ended at nightfall, but the day was not over yet: The men still had to get ready for the next day's written tests and the all-important interview.
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News of a different sort for SMRT. Part of Saw's legacy?

SMRT Alpha appointed to operate retail space at S'pore Sports Hub (Link)

SINGAPORE: The Singapore Sports Hub has appointed SMRT Alpha to lease and operate 41,000 square metres of commercial retail space at the Singapore Sports Hub.

This new joint venture is a partnership between subsidiaries of SMRT and NTUC FairPrice.

The retail mall and waterfront area will feature a variety of indoor and alfresco food and beverage outlets.

For shoppers, the mall will offer a wide range of stores and amenities.

Tenants will also include a FairPrice Xtra hypermarket at the mall, providing affordable daily essentials and groceries, as well as sportswear and sporting equipment, catering to the needs of the residents and shoppers in the area.

The Singapore Sports Hub will be opened and fully operational in April 2014.

- CNA/lp
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Must be. But it's positive for the stock.
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SMRT continues to make money from it's non-core biz...

Give the core biz to MOT/LTA to cover! haha! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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