Profits drive SMRT to excel.

[eRRoRist]

http://www.asiaone.com/News/the%2BStraits%2BTimes/Story/A1Story20080827-84439.html

TRANSPORT Minister Raymond Lim has dismissed the notion that a profit-driven public transport operator cannot provide cheaper, faster and affordable services.

His reasoning: The profit motive drives an operator to aim for improvements in efficiency and productivity so as to reduce costs.

He was responding to Ms Denise Phua (Jalan Besar GRC), who asked why the Singapore Mass Rapid Transit (SMRT) operated as a for-profit entity instead of a social enterprise with the goal of providing cheaper, faster and better public transport services.


Guess that's why I will never get paid millions of dollars, cause I can never see the big picture... :(

 

[Zombie]

his reasoning: the profit motive drives an operator to aim for improvements in efficiency and productivity so as to reduce costs.

Only when there is real competition.

 

[Mighty Megatron]

His reasoning: The profit motive drives an operator to aim for improvements in efficiency and productivity so as to reduce costs.

He forgot about cutting corners to reduce costs.

 

[BlueCat]

that a very old old excuse to increase fares.
what more can they come up with ?

Megatron,so nice to see you here also,where is your side-kick and arch-enemy ???

 

[congo9]

http://www.asiaone.com/News/the%2BStraits%2BTimes/Story/A1Story20080827-84439.html

TRANSPORT Minister Raymond Lim has dismissed the notion that a profit-driven public transport operator cannot provide cheaper, faster and affordable services.

His reasoning: The profit motive drives an operator to aim for improvements in efficiency and productivity so as to reduce costs.

He was responding to Ms Denise Phua (Jalan Besar GRC), who asked why the Singapore Mass Rapid Transit (SMRT) operated as a for-profit entity instead of a social enterprise with the goal of providing cheaper, faster and better public transport services.


Guess that's why I will never get paid millions of dollars, cause I can never see the big picture... :(

It time to give this blood sucking bastard a lesson ! A DOSE of the bitter medicine !

 

[congo9]

http://www.asiaone.com/News/the%2BStraits%2BTimes/Story/A1Story20080827-84439.html

TRANSPORT Minister Raymond Lim has dismissed the notion that a profit-driven public transport operator cannot provide cheaper, faster and affordable services.

His reasoning: The profit motive drives an operator to aim for improvements in efficiency and productivity so as to reduce costs.

He was responding to Ms Denise Phua (Jalan Besar GRC), who asked why the Singapore Mass Rapid Transit (SMRT) operated as a for-profit entity instead of a social enterprise with the goal of providing cheaper, faster and better public transport services.


Guess that's why I will never get paid millions of dollars, cause I can never see the big picture... :(

Ya reduce cost ? They have been upping the fare yr after yr ! WHO told them they need to improve on their performance ? Govt ??????

 

[Ah Guan]

Only when there is real competition.

Exactly. I'm surprised they can't even get their basic economics right