Be positive, everyone will be happy!
Based on the financial report from both companies, they are doing well.
Politically and financially, I don't see why both GLC companies can't come clean on loss making if there is any. It benefits the companies by coming clean and asking the government for a transport fare raise to cover their operation cost.
To further add on, both companies have been giving out dividends without fail based on their healthy financial reports for quite a number of years.
Assuming that they are making losses, how are they going to fill an bottomless hole financially?
Your presumption doesn't make sense.
Last edited by scanner; 19th December 2008 at 10:50 AM.
by a long shot, u mean those financial reports were fudged?
going by ur statement, i conclude that massive expansion was a bad business decision. can that be used as a reason (more like excuse leh) to increase fares?
Wow, the truth is out there (somewhere)!!
Figures are always correct and need not be proved otherwise as they are audited. Like I said, we have to think positive. Too much negativities make Jack a dull boy.
How much profits they generated has nothing to do with us. We willingly paid them the fares for the ride. There is always a choice to walk or cycle to work.
Last edited by contaxable; 19th December 2008 at 02:26 PM.
when things are negative say so, dun have to psycho to think positive. covering the negative makes Jack a dishonest dude. IMO, sounds like wad they head honchos did in Wall St, now look wad happen. they ask for bailout.
is walking or cycling to work really a choice? how realistic is that, i dun see any other viable choice. willing or not we have to pay.
So for those who wanna spend, do so wisely
In general, company could result in less/no profit by spending "more", such as giving larger amount of directorship fees, higher CEO bonuses.
But I believe for a typical listed public transport company in Singapore, it is unlikely for them to hide losses, as this is a great opportunity to ask for fare hike.
they hire PRC man to be captain because Singaporean not interest in this job & their pay is cheaper......IMO, public transport fare in S'pore is really really cheap.....