Singaporean Accounting at Its Best
As I have written about the discrepancy between inflows into Singaporean public assets, reported earnings, and then the amount they claim as assets under management, the question of how to reconcile these divergent numbers arises. There are numerous reasons for the difference between earnings, inflows, and assets under...
Lui: More than just Fare Hikes and Bus Drivers’ Salaries
Minister Lui Public transport fares affect most Singaporeans daily. So quite understandably, people focused on what I said last week (6 Dec) on how a fare increase would allow the two transport operators to increase salaries of bus drivers. But what received less notice was my statement that when the fare review committee...
SMRT’s proposal to allow encashment of unspent leave may compromise safety of passengers
In the aftermath of the strike, SMRT affirmed that it would not raise the pay of PRC drivers beyond the $25 promised. It will however look at allowing the drivers to encash their unused leave. Public transport users should be concerned. Is SMRT encouraging its drivers to work throughout the year without taking leave? Would that...
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