Yup,quite right abt that, $5 per meal!!!!
Since it is a quarantee biz, their profit margin should actually go
down lower. Maybe this is one way the govt is subsidising
ST!!!
And abt the 911, nowaday units are recall back for POI duty, the
govt are employing some very expensive "security guards".
Some of these are degree holder or biz men which make them the
world most expensive guards !!!!!
But I believe the main reason why we are tightnening our belts is
becos we are at moment getting some of the most expensive
acquistion since the early years of SAF in this decade alone.
For next few years, we are getting abt 20 F16 a/c, 12 Apaches, 6
Delta frigates, more Primus SPH, maybe 10-20 NGF a/c, new batch of
Helo including naval version to replace our aging UH-1H, &
maybe even the the new light tanks.
Quite a lot of big tickets acquistion.
That is only some known acquisition, perhap many unknown
ones.
And we are also talking abt revolutionising our entire army into a
truly network outfits.
As the matter of fact, the budget did not reduce for this FY year
due to economical situation but actually increase as told by Teo
Chee Hean, therefore belt tightening is more due to above rather
than just current economical situation.