selling off their bus division...makes no sense. if the division
is not making profit who the heck wants to buy it then? in the
first place public transport companies shouldnt be private
companies and even listed on stock exchange. i dont think public
transport business should be a profitable business since it is
meant to serve the public not to squeeze money from people's
pockets.
you think revamping the company is fast? come on, desmond quek
is barely 1 year into his job and he needs to clean up the shit
slowly. if you want SMRT to revamp itself you must give them a few
years to do so.
as you said it is still too early to see the changes in SMRT.
its barely 3 months.
if you think you can you can manage the whole company and bring
it to shine like how tony fernandes did with airasia, why not you
do it?
It makes sense because it is not profitable at all and viable for
the company to continue holding on the losses forever, and most of
all, its core business is rail, not buses. Buses should be operated
by companies that can manage bus services better and has the better
expertise to manage, like SBST or even KMB. Hogging it and continue
to mismanage it will not only do more harm to the commuters but the
company itself as well.
SMRT should refocus all its resources on its rail business if
there is a lot to be improved in this segment rather than wasting
the money and resources on money losing segments. It doesn't give
SMRT a better ground in the long run if they continue running
unprofitable and unmanagable segments. The notion of SMRT being a
multimodal transport operator failed and this model do not work
well with SMRT way of managing its operations. SMRT started as a
rail company only and it did well all the years until it became a
multimodal transport operator. Thus going back to its roots and
operate in a scale that is managable by the company itself will be
more appropriate for SMRT. It can still operate cabs as it is easy
profit and Bus Plus services with a small scale bus chatering.
Just like any business in the corporate world, companies tend to
sell off their money losing divisions to others and refocus
themselves in their core and established segments instead. This is
how companies, especially those with many problems, survived and
emerged themselves as better players in their core business.
That's why if Mr Desmond Quek thinks of selling the
unprofitable bus business from SMRT, I will support his decision as
it is more promising for SMRT in the long run. It will be even
better than one company controls buses and light rail, for SBST,
and one for heavy rail only. for SMRT.
their core business is public transportation, including buses,
MRT, and taxi. they should also focus on that too. might as well
nationalise public trnasportation.
now NEL is starting to show its cracks too. just see how
frequent NEL breakdowns this year. and its age is not even half of
the mainline's age.
At least for the past decade the NEL is managed well.
Look at CCL, barely a year but already so many problems. Bukit
Panjang LRT is another fine example. Always breakdown for the first
few years and many years.
