JR8 wrote:Thanks for posting that, very interesting.
I'd wondered why the SGn government have brought such trouble upon themselves by the rampant increase in population. Perhaps national GDP is all that matters to them?
On a related subject, a very interesting observation of the MRT failures, by a Singaporean colleague here ...
MRT was listed, and the company's interest is to turn a profit. Or not to turn a loss. As the main shareholder, Temasek Holdings, which in turn, is answerable to the joe public, needs to ensure profit is achieved.
Now, the colleague said, if they were to use 10$ titanium bolt instead of 1$ bolt steel botl, they will have to cut profit. So use the cheapest .. cost control right ? If they had no profit motive, they may have used the most expensive and best quality bolt. Alas, Cannot lah !
Now, when the train breaks down, it is the same Joe public who is mad. Now, who's money is in SMRT ? and would the same Joe Public be happy to see his GIC / Temasek Money make a loss ?
And the government can't allow more competitors, because they may eat into SMRT's profits, i.e. Public profit. i.e. Singaporean Money !
See ? it's a catch 22 !!!
he started off, telling me that years ago, any apartment near MRT commanded super-premium prices, as those days, even with the NS and EW Line - before the extension to the Airport- MRT breakdown would have been as shocking as the SQ006- simply cannot do .. and now ?
PS: Kenneth's read is interesting - though no comments