also, the reason why transport in SG could be natural monopoly is that the setup cost is high (setting up tracks). what we did, was to seperate the non-competitive and competitive parts aside. government builds the stations, we let the operation part be privatised, hence both smrt and SBS transit operates certain lines.
leading to a duopoly.
same as starhub and singtel. one could argue that telcoms are natural monopolies, because of high startup costs such as fixed line installations. but we have around 3 major telcoms, with starhub and singtel having both fixed lines. the mobile system can be better competed, due to lower barriers to entry. and it was a good thing, breaking the singtel monopoly.
At the moment, SMRT is running its portion of the train network (using equipment paid for by taxpayers) and essentially making a large profit. I can't quite see how, the moment it becomes government-owned, it would suddenly become a tax burden to the nation, assuming the organization stays largely the same.
I am in favour of such basic service providers (eg. transport, utilities, etc) being essentially 'not-for-profit'.
I don't think they should end up becoming a huge tax burden to the nation, but neither should they be profit-generating for a small group of shareholders. Ideally it should be some middle-ground.
if a service provider can afford to do this
i really question their moral direction
The moment a company is listed in the stock market.... 'Moral' isn't too high in the shareholders mind.
And btw... the Photo is from a company D&D... is giving the workers a good time for one night in the whole year so wrong ?? Are workers from SMRT suppose to not enjoy ourselves during D7D ??
Scuba & Father... For Life
I totally agree with you on this, as the normal person on the street doesnt understand what is required, BUT both the government and SMRT have touted the MRT as World Class, so the normal person in the street, expects nothing less.
You cant just snap your fingers and more trains magically appear with fully trained staff.
In respect to the Oilfield having redundant systems, I was meaning here, that SMRT just cant shut down sections of tracks, for more rigorous maintenance inspections or repairs, because you have no way to reroute the trains.
On an Oil Rig, NOT all systems have redundancy, such as the Top Drive or Drawworks, but if they break down and Drilling Stops, its loss of production, then big problems for the operator if it cant be fixed ASAP. If this happens, it could lead to the current day rate for the RIG not being paid which could be anywhere from 100K to 750K per day depending on the size of the rig. So nothing is spared when it comes to maintenance of essential equipment, as the financial loss is not worth it.
You could of course shut down sections of tracks between stations, but what happens then, how to help the passengers or causing more road congestion due to adding buses to ferry people between stations. Imagine trying to shutdown any of the major interchanges.
Just MAYBE, when ALL the circle lines are complete, this may allow for more maintenance on the aging systems but cant the present system wait another 3 to 4 years.
You are not alone on this... when I started working for SMRT, we have yet to issue shares. At that time, we considered ourselves as abit like civil servant. Profit isn't too important as long as train service runs smoothly. But it all changes once we are listed in the stock market... changes for both good and bad.
As an employee... before the changes. Alot of my colleagues ACT like civil servant... just coasting at their job. There is little to no employee personal performance report... every year you get a fix pay increase even if you s**k at your work. Alot of 'old birds' just take MC like heaven owe it to them. But ever since SAW came... if you can't preform, you are axed. If you can't work as expected of you... prepare to get no bonus or pay increases... but if you work, bonus and increases are assured.
Therefore, while I don't really care if SAW stay or go (only talk to her once in all my time there)... some of her working style is better than before her coming... at least old timer can't stay around and boss us just because of how long their service was...
Scuba & Father... For Life
Understand your problem. But it will over soon for u when u r out from school n get rich.. Hope u wont forget this experience....Originally Posted by allenleonhart
I really feel sad for those with low salary, transport is so expensive for them... A big portion of salary....
Please direct question to correct person. I am just telling you she drives a Ferrari.
Last edited by ricohflex; 10th January 2012 at 09:47 PM.
by saying that about Moral Direction, it's like saying that all people who drive luxury sports cars have something wrong with their moral compass.
there's nothing wrong with driving a ferrari.
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