Lui: SBST & SMRT will fold up if govt did not inject funds

SBS7557R SG

MRT breakdown again

Bus Stopping SG

Well, all i can say is using scare tatics seems to work here.

KMB said the same few months back, nothing was given.

SBS2601D SG

Who's KMB?

carbikebus SG

It's true gahmen got offer private co to join but they dun meet the criteria,You need at least 3 Depots/Facilities and at least 600 Low Floor buses..I think Woodlands Tpt also din meet the expectation

dragg SG

both are listed companies. if they need money they can issue rights and sell shares etc. why use taxpayers money?

and both companies make healthy profits every year. will they just fold up without our govt injecting funds?

Jacky Woo SG

Does not make sense.

If the government needs to pump in money so that the transport company does not fold, then why privatise it in the first place ?

good question. ask Liu on this

Jacky Woo SG

dun forget that Temasek is still the majority owner of SBS and SMRT.

it could be that if they are to buy buses, probably fare will need to increase very shortly after the purchase. but then fret not, cos when it comes to paying out dividends, SBS and SMRT will pay it back to Temasek.

charlize SG

good question. ask Liu on this

Probably will come up with another epic answer.

Like privatisation reduces noise level of mrt trains.

Dalforce 1941 SG

Somehow I feel that is total bullshit.

charlize SG

Somehow I feel that is total bullshit.

charlize SG

Times are bad.

vicamour SG

I think this is an overstatement from this minister. If operators have to fold up if they cannt cope, then stop increasing the population.

I don’t think SBST will fold up if it continues to run properly.
As for SMRT, fold up will be better. We don’t have to suffer under their substandard service standards anymore.
They just have to concentrate on rail operations. Bus operations give to SBST, cab operations give to Transcab.

No_10_Tomas SG

I think this is an overstatement from this minister. If operators have to fold up if they cannt cope, then stop increasing the population.

In 1982, parliament had already officiated a public transport market liberalisation reform to establish a duopoly in the market..it's unlikely they'll make a U turn

be it land, air, sea, we rather opt for duopoly rather than monopoly

SIA, Silkair

PSA, Jurong Port

SBS, SMRT

Medicated Oil SG

Any more statement from him.

He can retired earlier.

Better go and resolve the breakdown issue instead of wasting time pointing fingers at each other.

Or else he will join LSS to be Zorro Junior.

lce SG

r both bus co losing money?

charlize SG

I thought record profits every year.

Summer hill SG

Hahahahahahahahaha.

SBS and SMRT will fold up?

Joke of the year

carbikebus SG

SBST,SMRT,PSA,Jurong Shipyard and Singtel won't fold up la

charlize SG

Hahahahahahahahaha.

SBS and SMRT will fold up?

Joke of the year

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