Night Owl Chatterboxes - Part XXX!
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That's why I have always asked for buses and train to competeOriginally posted by Meia Gisborn:Gotta love monopolies...
They fear something like NTUC FairPrice faced in China, cos they know very well if the bus rts is well organised, SMRT would need to catch mosquito -
please refer to the aforementioned clause and policy
Originally posted by av98m:Why do they need to maintain the profit level? -
Any co they also at least they expect the profit level to remain the same or increaseOriginally posted by av98m:Why do they need to maintain the profit level?
But the fact being no 1 in profitability remains a qn as to whether a hike is needed -
but seriously.. they are a PUBLIC SERVICE.. and a VITAL PUBLIC SERVICE!
there is no need for profits...
what they need to do is to have a sustainable system for the country...
there is NO NEED and NO PLACE for growth in a PUBLIC SERVICEOriginally posted by sbst275:Any co they also at least they expect the profit level to remain the same or increase
But the fact being no 1 in profitability remains a qn as to whether a hike is needed -
But no profits, no money to replace their bus fleet, at least some decent amt like $10M should be good enoughOriginally posted by the Bear:but seriously.. they are a PUBLIC SERVICE.. and a VITAL PUBLIC SERVICE!
there is no need for profits...
what they need to do is to have a sustainable system for the country...
there is NO NEED and NO PLACE for growth in a PUBLIC SERVICE
But they are getting into extending the life of the train -
that's BULL... you FACTOR in your costs of running.. it is all factored in already..
tell you something, one of my friends was an accountant.. he had a knock down drag out fight with his firm...
they wanted him to sign the audit for the then-TIBS... it was ALL nonsense.. fantasy accounting... showed a loss... but it was all rubbish.. they made a profit but was shown as a loss when they lumped in a whole lot of one-off rubbish due to mismanagement..
ultimately, the higher ups signed the audit...
the audit gave TIBS an increase in fare..
the next year, they made an OBSCENE profit..
replacements are NOT and NEVER EVER fuelled by profit... they are all factored into sunk costs...Originally posted by sbst275:But no profits, no money to replace their bus fleet, at least some decent amt like $10M should be good enough
But they are getting into extending the life of the train -
Even our charities are run like profit driven organisations *cough* NKF *cough*Originally posted by the Bear:but seriously.. they are a PUBLIC SERVICE.. and a VITAL PUBLIC SERVICE!
there is no need for profits...
what they need to do is to have a sustainable system for the country...
there is NO NEED and NO PLACE for growth in a PUBLIC SERVICE -
It's really hard to sayOriginally posted by the Bear:that's BULL... you FACTOR in your costs of running.. it is all factored in already..
tell you something, one of my friends was an accountant.. he had a knock down drag out fight with his firm...
they wanted him to sign the audit for the then-TIBS... it was ALL nonsense.. fantasy accounting... showed a loss... but it was all rubbish.. they made a profit but was shown as a loss when they lumped in a whole lot of one-off rubbish due to mismanagement..
ultimately, the higher ups signed the audit...
the audit gave TIBS an increase in fare..
the next year, they made an OBSCENE profit..
replacements are NOT and NEVER EVER fuelled by profit... they are all factored into sunk costs...
Cos the operators these days are jumping into applying for add 2 year stat lifespan extn -
you are missing the forest for the trees...
the profits "used to buy new equipment" is a faerie tale...
nevermind... nevermind...Originally posted by sbst275:It's really hard to say
Cos the operators these days are jumping into applying for add 2 year stat lifespan extn -
Reminds me of the time I was examining the income & expenditure statements of one of our local VWOs. You wouldn't believe the stunts they pulled to show a "loss".Originally posted by the Bear:that's BULL... you FACTOR in your costs of running.. it is all factored in already..
tell you something, one of my friends was an accountant.. he had a knock down drag out fight with his firm...
they wanted him to sign the audit for the then-TIBS... it was ALL nonsense.. fantasy accounting... showed a loss... but it was all rubbish.. they made a profit but was shown as a loss when they lumped in a whole lot of one-off rubbish due to mismanagement..
ultimately, the higher ups signed the audit...
the audit gave TIBS an increase in fare..
the next year, they made an OBSCENE profit..
replacements are NOT and NEVER EVER fuelled by profit... they are all factored into sunk costs... The audit form which signed off on it deserves to be shut down. Tell you about it during the next gluttony session. -
I knowOriginally posted by the Bear:you are missing the forest for the trees...
the profits "used to buy new equipment" is a faerie tale...
nevermind... nevermind...
I'm saying who the heck knows excalty how much is the cost... Someone asked me bef abt AirAsia's cash flow based on the audited report, even if it's audited, who the heck excalty knows the running cost? -
Stupid delays
As I was checking Maersk Line's ship schedule, I forsee a potential delay of cargo... Fear cos this will affect our reputation -
End of the day, how? Its not like we can boycott the mrt and the buses. Unless you want to risk your life cycling.
On that note, the bus driver who killed the cyclist got only 6 year's ban from driving and $7k fine. Damn, if I know that someone I really hate cycles, I should go run him over with a car. $7k and a 6 year ban is worth it! -
Go buy their shareOriginally posted by av98m:End of the day, how? Its not like we can boycott the mrt and the buses. Unless you want to risk your life cycling.
On that note, the bus driver who killed the cyclist got only 6 year's ban from driving and $7k fine. Damn, if I know that someone I really hate cycles, I should go run him over with a car. $7k and a 6 year ban is worth it!
At least recover some of the cost back.. That's 1 way -
do any of our million dollar ministers cycle?
oh yah.. i forgot... they "don't have the luxury to take public transport" so they probably don't have the luxury of cycling tooOriginally posted by av98m:End of the day, how? Its not like we can boycott the mrt and the buses. Unless you want to risk your life cycling.
On that note, the bus driver who killed the cyclist got only 6 year's ban from driving and $7k fine. Damn, if I know that someone I really hate cycles, I should go run him over with a car. $7k and a 6 year ban is worth it! -
We voted them in....66.6% of us
We deserve this gahmen -
I did that a few years ago.Originally posted by sbst275:Go buy their share
At least recover some of the cost back.. That's 1 way
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If the dead cyclist was an MP or minister, you can bet the punishment will be very different.Originally posted by the Bear:do any of our million dollar ministers cycle?
oh yah.. i forgot... they "don't have the luxury to take public transport" so they probably don't have the luxury of cycling too -
Originally posted by av98m:I did that a few years ago.
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I have Singtel shares too.Originally posted by laurence82:
But thank goodness I never touched Creative shares. -
Oh yes
Sv 151 another complain thread... The bus sv with the most number of non airconditioned buses, running between NUS - SIM/ Ngee Ann Poly - Hougang -
enough bellyaching... time for..... CUTE PICS!
Poor little fawn orphaned or abandoned.
Family takes in fawn and family dog adopts fawn as her own.
Fawn takes to family.
And becomes trusting of the family.
more cross-species adoption
Dog adopts squirrel in her litter.
Naptime!
Awwww....
and in other random cute pics..
Kitten to Duckling: Nice ducky..
Chick to Dog: Are you Beethoven?
Kitten to Pup: Back off or I'll bite your nose!
Hey! Look! A dolphin! Hey! Look! Two dogs!
Species Harmony Day -
Awww.....so touching and cute!
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You'd be laughing all the way to the bank if you had some Temasek Holdings shares.Originally posted by av98m:I have Singtel shares too.
But thank goodness I never touched Creative shares. -
cute!!!!