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Will long awaited merger with SMRT materialized?
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lewsh88
Senior |
29-Jan-2007 11:32
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When Peter Kwee (China car agent) said using his China Geely cars cost slightly more than travelling in taxis, he is not joking. And as we well know, a group of four adults travelling a short distance cost less than taking public bus or MRT. Bus fares are not cheap here. Bus companies need not be "lean and efficient". They do not have to 'crack their heads" to cut costs because there is no competition at all. Any time their profit margin is low, all they have to do is request for fare increases, and not once has the request been rejected. |
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sohguanh
Veteran |
29-Jan-2007 11:07
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I like your phrase "edict from the powerful". Now are the edict receivers supposed to kneel and bow and say thanks? :) |
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lausk22
Veteran |
28-Jan-2007 22:46
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Once upon a time ago, there were Hock Lee, Green, United, STC, Paya Lebar, etc Bus Companies. Then with an edict from the powerful, one Bus Company was formed to merge all the companies. Then the rally cry was Big is beautiful and make economic sense to run. Later, by another edict from the powerful, smaller Bus Companies, like scheme B, Tibs, SBS, etc were formed. The rally cry was small is nimble, easier to manage, more efficient and provided more competitions for lower fares. So it will always be a recycling of doctrines. Nothing new or innovative actually. Just a change of mental models, that's all. |
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singaporegal
Supreme |
28-Jan-2007 22:04
Yells: "Female TA nut" |
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Volumes pretty bad for this counter.... |
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lausk22
Veteran |
28-Jan-2007 17:23
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Like share prices can go up or down in due course, similarly mergers or acquisitions can also happen in due course, Just be patient, that's all *_*. |
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Hulumas
Supreme |
28-Jan-2007 16:40
Yells: "INVEST but not TRADE please!" |
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Dear Readers, Is SBS Transit no longer prospective?? |
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