Monthly Archives: March 2018

Should Temasek CEO Ho Ching be paid more than the entire PAP cabinet ministers’ salary?

According to Kenneth Jeyaretnam’s estimate, Temasek CEO Ho Ching’s remuneration is in the hundreds of millions of dollars. Kenneth: “He appoints his own wife, on undisclosed remuneration but surely hundreds of millions of dollars, to run Temasek, something that goes against all … Continue reading

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SP Group average annual net profit almost $1 billion for past 13 years, electricity tariff to increase again?

Electricity tariffs will increase by 2.8% for the next 3 months. CNA This is on top of the 6.8% increase in the previous three months.  (“Electricity tariffs to increase by 6.3% for next three months“) The increase is unjustified because SP … Continue reading

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Nakheel had safety issues with SMRT Engineering in 2010, early contract termination

SMRT will continue to fail commuters because its only objective is to generate income for for PAP. Since more than a decade ago, SMRT was already offering its services – at Singaporeans’ expense – to foreigners. SMRT wasn’t shy at all … Continue reading

Posted in SMRT/SBS TRANSIT | 1 Comment

SMRT should not disclose ‘fake’ statistics to fool Singaporeans

Like the government, SMRT is extremely desperate to increase revenue. SMRT has now gone to the extent of disclosing ‘fake’ figures to hoodwink the public that fares need to be increased. These are its key financial and operating data in … Continue reading

Posted in POLITICS, SMRT/SBS TRANSIT | 1 Comment

SMRT: Due to lower increase in rail ridership/revenue, MRT fares must be increased

Regardless of a screwed-up MRT system, the government is hell-bent on increasing fares. This is because every government agency/GLC providing public goods/services is managed on a cost-recovery basis.  Since billions have been spent on a poorly maintained MRT system, PAP … Continue reading

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