I will be happier if our corp tax rate is higher at 50%. Anyway
admittedly our personal income tax are much lower then our
Malaysian counterparts. That's probably why Gong Li and Jet Li come
to know about Singapore.
Back to our bus companies. Sure the bus companies should
separate each business functions, their buses, taxis, trains and
overseas functions...
However they should see all their business functions as
complementary roles, they should use their cash cows to support the
lesser, in the reds operations. Just in any MNC, there bound to
have some cost centers like the R&D, the administrative.. or
like the Semiconductors industries, we are seeing a periodic and
more frequent up and downs, how do you think the semiconductor
companies survived during the downturns?
Business will never be always a bed of roses, there bound to
have ups and downs. If the bus entities not making monies and cry
wolves for fare adjustment each time, then for sure our transport
companies are very well shielded and protected from our toothless
regulators.
No wonder the stock analyst will view transport companies as
defensive shares.
Ok then, how did IRIS and OMTS came about if not for a better
fare system?
They needed capital for R&D for e technology