Thursday, April 19, 2012

SMRT and ComfortDelgro Annual Reports 2011 - PROFITS at Expenses of Singapore People

Its great to know that the 2 Government Linked Companies ComfortDelgro & SMRT which are the duopoly that operates Singapore's public transportation systems are earning profits dispute the countless subway breakdowns, crowding and buses crowding and running down pedestrians:

ComfortDelgro S$235.6 Million PROFIT
SMRT S$161.1 Million PROFIT

(Source: ComfortDelgro)

(S0urce: SMRT)

It is not surprising that some of the board members are former PAP MPs, trade unionists, or are current PAP MP or would be MPs. Also surprising is Mr Lee Seow Hiang CEO of Changi Airport Group is also member of SMRT board. He so busy can manage so many things? Really salute him. Mr Lee Seow Hiang, according to some unverified rumor that he was LKY's nephew. (dunno which Lee brother's son)

When Workers' Party suggest to Nationalised the Transport System, Transport Minister Lui Tuck Yew said that was a stupid idea. Now I know why it was such stupid idea, how can PAP kill the gooses that lay golden eggs? The ministers' bonuses are pegged to GDP right?

Even Ong Ye Kung, the Trade union champion, the failed parachute PAP MP from George Yeo GRC team is also the member of SMRT Board. Where on earth Trade Unionist be in conflict with the trade union cause? Unless you are in Singapore.

(Ex PAP MP who fired his old and useless Town Council workers)

(Source: ComfortDelgro)

(Halimah from Jurong GRC)

(Source: SMRT) (Lee Seow Hiang in the middle, LKY's nephew?)


  1. Hi. You forgot to mention one more thing.

    KWA HONG PAK, GCEO OF COMFORT DELGRO, Helps out at LHL consitiuency. Think he chairman or something like that.

    So you can see the UNHOLY INCESTUOUS relationship.

  2. Kwa Hong Pak related to Mrs Lee Kuan Yew aka Kwa Geok Choo?

  3. Why then the $1.1 billion giveaway? Are taxpayers being taken for a ride? Must dividends be given to shareholders, specifically Temasek Holdings?