Is this a strong and valid reason for a fare raise this May? Doubt govt would compesate SBST with $47m each year.Originally posted by th1988:SBS's profit was $19 million but thanks to $47 million govt compensation because of NEL.
Originally posted by Parka:Why the hell don't they set up another company just for playing property. Peabrains.
It wont really solve the matter.Originally posted by Parka:Why the hell don't they set up another company just for playing property. Peabrains.
Thanks to government?Originally posted by th1988:SBS's profit was $19 million but thanks to $47 million govt compensation because of NEL.
if take away the depreciation and other non-cash items, u would be surpriseOriginally posted by the Bear:i wonder.. an accountant friend of mine said that the "losses" that caused one of the increases were nothing but paper losses from the bus companies' foray into the property market.. where they got burnt...
and in the next year, after the increase, they suddenly showed an obscene profit... which they were very quiet about..
now, we're supposed to "subsidise" their idiocy of running a MRT line which no one wanted with increase in bus fares?
nowhere else is there such a racket..
THen should we have a separate train and bus account?Originally posted by th1988:Yes,
Thanks to the one time off payment of $47.3 million because of the late op of NEL.
Otherwise, profit is -$28.3 million
No we can't, SBS is a company running bus and NEL togetherOriginally posted by iamgoondu:THen should we have a separate train and bus account?
But you can't ask bus commuters to cross subsidise train passengers, right?Originally posted by th1988:No we can't, SBS is a company running bus and NEL together
haha they are the TALENT what so they get more pay lor... even when company is not making money. haha nothing new lah.. why worker have to their wages to be competitive and find job?? when top management will be talent scouted and pay HIGHER to attract them?? coz they are the TALENT lor.. what to do they are the TALENT cos the top management said so lor.... Opps isnt them the same group of ppl?? haha.....Originally posted by iamgoondu:What is the director payoff? Perhaps minus off the director fees, SBST might back into black.
How much did Mr Goh Chee Wee received from Comfort last year?
In Singapore its hard for people to avoid taking public transport if they want to get from place to place. not many people own cars and hence, these people take the train or bus to school or work daily. People also take public transport in the weekend for leisure activities.Originally posted by I-like-flings(m):here... u see how many will still take sbs bus lor...