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  #31  
Old 06-06-2016, 05:04 PM
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skyleon skyleon is offline
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Re: 2 young lives lost

SMRT cuts CEO Desmond Kuek's pay by nearly 20%
SMRT chief executive Desmond Kuek



SMRT chief executive Desmond KuekST PHOTO: LIM YAOHUI
PUBLISHEDJUN 4, 2016, 4:47 AM SGTUPDATEDJUN 4, 2016, 6:55 PM

SINGAPORE - Transport operator SMRT Corp has cut the pay of its chief executive Desmond Kuek - a rare move in the corporate universe.

Mr Kuek, 53, received a total remuneration of $1.87 million for the financial year ended March 31 - down from $2.31 million the year before.

This was revealed in the company's newly-released annual report, which revealed more on Mr Kuek's compensation. It said that his basic salary was $830,955, while his variable performance pay was $1,040,759, making a total of $1,871,714.

It said Mr Kuek earned $2,311,023 the year before - $793,170 in basic salary and $1,517,853 in variable.

The number of SMRT shares awarded to him however, remained unchanged at 260,000.

Before his pay cut, Mr Kuek's compensation was the heftiest that SMRT has paid any of its chief executives.

The latest package is in the ballpark of what his predecessor, Ms Saw Phaik Hwa, got before she left.

The company did not say why Mr Kuek's pay was crimped, but last year, it defended his record remuneration. It said it was benchmarked against the pay of CEOs of peer companies, and that it was competitive and at a responsible level.

It added that Mr Kuek's tasks were more daunting than before.

SMRT has been struggling to renew ageing operating assets to improve service reliability and at the same time looking for new ways to bolster earnings eroded by higher operating expenditure.

continue reading here : http://www.straitstimes.com/singapor...y-by-nearly-20
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  #32  
Old 06-06-2016, 06:17 PM
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Re: 2 young lives lost

Quote:
Originally Posted by skyleon View Post
SMRT cuts CEO Desmond Kuek's pay by nearly 20%
SMRT chief executive Desmond Kuek



SMRT chief executive Desmond KuekST PHOTO: LIM YAOHUI
PUBLISHEDJUN 4, 2016, 4:47 AM SGTUPDATEDJUN 4, 2016, 6:55 PM

SINGAPORE - Transport operator SMRT Corp has cut the pay of its chief executive Desmond Kuek - a rare move in the corporate universe.

Mr Kuek, 53, received a total remuneration of $1.87 million for the financial year ended March 31 - down from $2.31 million the year before.

This was revealed in the company's newly-released annual report, which revealed more on Mr Kuek's compensation. It said that his basic salary was $830,955, while his variable performance pay was $1,040,759, making a total of $1,871,714.

It said Mr Kuek earned $2,311,023 the year before - $793,170 in basic salary and $1,517,853 in variable.

The number of SMRT shares awarded to him however, remained unchanged at 260,000.

Before his pay cut, Mr Kuek's compensation was the heftiest that SMRT has paid any of its chief executives.

The latest package is in the ballpark of what his predecessor, Ms Saw Phaik Hwa, got before she left.

The company did not say why Mr Kuek's pay was crimped, but last year, it defended his record remuneration. It said it was benchmarked against the pay of CEOs of peer companies, and that it was competitive and at a responsible level.

It added that Mr Kuek's tasks were more daunting than before.

SMRT has been struggling to renew ageing operating assets to improve service reliability and at the same time looking for new ways to bolster earnings eroded by higher operating expenditure.

continue reading here : http://www.straitstimes.com/singapor...y-by-nearly-20
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  #33  
Old 06-06-2016, 08:05 PM
sadfa sadfa is offline
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Quote:
Originally Posted by skyleon View Post
SMRT cuts CEO Desmond Kuek's pay by nearly 20%
SMRT chief executive Desmond Kuek


[img]http://i.imgur.com/pT7
SMRT chief executive Desmond KuekST PHOTO: LIM YAOHUI
PUBLISHEDJUN 4, 2016, 4:47 AM SGTUPDATEDJUN 4, 2016, 6:55 PM

SINGAPORE - Transport operator SMRT Corp has cut the pay of its chief executive Desmond Kuek - a rare move in the corporate universe.

Mr Kuek, 53, received a total remuneration of $1.87 million for the financial year ended March 31 - down from $2.31 million the year before.

This was revealed in the company's newly-released annual report, which revealed more on Mr Kuek's compensation. It said that his basic salary was $830,955, while his variable performance pay was $1,040,759, making a total of $1,871,714.

It said Mr Kuek earned $2,311,023 the year before - $793,170 in basic salary and $1,517,853 in variable.

The number of SMRT shares awarded to him however, remained unchanged at 260,000.

Before his pay cut, Mr Kuek's compensation was the heftiest that SMRT has paid any of its chief executives.

The latest package is in the ballpark of what his predecessor, Ms Saw Phaik Hwa, got before she left.

The company did not say why Mr Kuek's pay was crimped, but last year, it defended his record remuneration. It said it was benchmarked against the pay of CEOs of peer companies, and that it was competitive and at a responsible level.

It added that Mr Kuek's tasks were more daunting than before.

SMRT has been struggling to renew ageing operating assets to improve service reliability and at the same time looking for new ways to bolster earnings eroded by higher operating expenditure.

continue reading here : http://www.straitstimes.com/singapor...y-by-nearly-20
Fucked up reporting by fcuked up media as usual.

So does that mean he fcuked up cos his variable performance bonus drop by 1/3? Why not cut by 50% and more??

In the real world the press will ask is it due to the breakdown you cut his pay. Do you think its enough?

Last edited by sadfa; 06-06-2016 at 08:18 PM.
  #34  
Old 06-06-2016, 08:27 PM
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Re: 2 young lives lost

Quote:
Originally Posted by sadfa View Post
Fucked up reporting by fcuked up media as usual.

So does that mean he fcuked up cos his variable performance bonus drop by 1/3? Why not cut by 50% and more??

In the real world the press will ask is it due to the breakdown you cut his pay. Do you think its enough?
The press (SPH? own gang ) has been warned not to ask this question
  #35  
Old 06-06-2016, 08:41 PM
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Quote:
Originally Posted by lxora View Post
The press (SPH? own gang ) has been warned not to ask this question
In the real world, they'll also ask if situation is worse this year, how? Do you think more cuts is enough? At what stage will he be sacked?

They'll also asked desmond, how?
You got Buaysong? Will you be quitting?

This is classic spore fcuked up reporting.
Just forward statement from mrt. No comments.
So if smrt later sack desmond cos he fcuked up or say variable cut cos of bad market, media will just report, I mean forward again.

Last edited by sadfa; 06-06-2016 at 08:58 PM.
  #36  
Old 06-06-2016, 08:43 PM
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Re: 2 young lives lost

Quote:
Originally Posted by sadfa View Post
In the real world, they'll also ask if situation is worse this year, how? Do you think more cuts is enough? At what stage will he be sacked?

They'll also asked desmond, how?
You got Buaysong? Will you be quitting?
Need foreign press to ask, provided they have the chance
  #37  
Old 07-06-2016, 07:22 PM
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skyleon skyleon is offline
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Re: 2 young lives lost

Quote:
Originally Posted by sadfa View Post
In the real world, they'll also ask if situation is worse this year, how? Do you think more cuts is enough? At what stage will he be sacked?

They'll also asked desmond, how?
You got Buaysong? Will you be quitting?

This is classic spore fcuked up reporting.
Just forward statement from mrt. No comments.
So if smrt later sack desmond cos he fcuked up or say variable cut cos of bad market, media will just report, I mean forward again.
If I not wrong in Japan when something goes seriously go wrong the management take responsibility and resign .
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  #38  
Old 07-06-2016, 07:23 PM
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Re: 2 young lives lost

Ex-SMRT staff 'stole $20,000 and fled country'

MY PAPER
Tuesday, Jun 7, 2016

A FORMER SMRT station manager has allegedly pilfered $20,000 in cash from Tanah Merah station, and is being investigated by the police.

The man is said to be on the run and has left the country.

A police spokesman confirmed that the rail operator had lodged a report on June 1. He added that investigations were underway.

The Straits Times understands the missing money - largely from commuters wanting to top up their travel cards at the station office - had been siphoned over a period of several months.

The case came to light apparently through an internal audit.

Sources said he had worked with SMRT for only two years.

When contacted, SMRT spokesman Patrick Nathan said the company referred the case to the police and said he could not comment further, citing ongoing police investigations.

Each day, more than three million trips are made by close to one million people on Singapore's rail network.

- See more at: http://news.asiaone.com/news/singapo....jsBKp5S4.dpuf
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  #39  
Old 07-06-2016, 08:29 PM
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Re: 2 young lives lost

Quote:
Originally Posted by skyleon View Post
If I not wrong in Japan when something goes seriously go wrong the management take responsibility and resign .
Use samurai sword to slash own stomach?
  #40  
Old 13-07-2016, 05:18 PM
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Re: 2 young lives lost

China manufacturer for MTR secretly recalls 35 SMRT subway trains after cracks found


REPORTED BY:

Staff Reporters, FactWire


DATE:

2016-07-05


PLACE:

SINGAPORE


Chinese-made subway trains in Singapore have cracks in their car bodies and key structural components, resulting in 35 trains being shipped back to their manufacturer in Qingdao for replacement, FactWire can reveal.

Details of the defects and the recalls have been kept secret in both Singapore and China. The same mainland manufacturer is responsible for manufacturing nine trains for the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XLR) and 93 trains for the Mass Transit Railway Corporation’s (MTR Corporation) four urban lines.

A source from the mainland railway industry told FactWire that Singapore’s subway operator SMRT Trains Ltd (SMRT) was secretly shipping defective trains back to mainland China for replacement and repair by manufacturer CSR Sifang Locomotive & Rolling Stock Company Ltd (CSR Sifang).

According to sources, the defective trains are being stored at SMRT's Bishan Depot. After 1am on June 12, FactWire reporters witnessed two train cars wrapped in green covering being moved out of the depot.

Each of the two covered train cars were more than 20m long. They were placed on large dollies used for transporting train cars and were towed away by cargo trucks, led by police cars and construction vehicles. At approximately 3am, the two train cars arrived at Jurong Port, located in Singapore’s western industrial area. Using a drone camera, reporters discovered that six train cars had already been placed in one corner of the port. Cranes, derricks, and other large machines believed to be used for lifting trains were situated nearby.

continue reading here : https://www.factwire.news/en/MTR-securetly-recall.html
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  #41  
Old 13-07-2016, 05:20 PM
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Re: 2 young lives lost

HK Government Tipped Off About Singapore Subway Trains Crackings A Year Ago, Emails Reveal


MTR Corporation awarded the HK$6 billion contract for 93 new urban line trains to CSR Sifang, the price averaging HK$64 million per train. (FactWire Photo)


REPORTED BY:

Staff Reporters, FactWire


DATE:

2016-07-05


PLACE:

HONG KONG


Hong Kong’s Transport and Housing Bureau received multiple emails from January to August 2015 complaining of the “underframe cracking problem” in Singapore’s C151A trains, as well as “potential irregularities [in] procurement of XRL and new urban line trains”, FactWire has discovered

Speaking to the media yesterday, Secretary for Transport and Housing Anthony Cheung Bing-leung said the Bureau was not aware of quality issues with Singapore subway operator SMRT Trains Ltd’s (SMRT) 35 C151A trains before FactWire’s report on July 5 revealed that the trains were being secretly recalled and repaired by their mainland Chinese manufacturer CSR Sifang Locomotive & Rolling Stock Company Ltd (CSR Sifang).

However, contrary to Cheung’s statement, emails provided to FactWire by government sources show the Bureau has been aware of quality issues with Singapore’s C151A trains since early last year. On January 30, 2015, the Bureau received an email addressed to Cheung reporting “irregularities” in the MTR’s tender process for new urban line trains, which was ongoing at that time. In attached documents, the sender made reference to the “Singapore C151A train underframe sub-floor cracking problem”.


Transport and Housing Bureau recieved an email on January 30, 2015, pointing out “irregularities” in the MTR Corporation’s tender for the contract of urban line trains.

“Thousands of brackets had been added to the relevant areas, as a temporary measure to ensure the safety integrity of the underframe sub-floor member to prevent the equipment from falling down onto the track,” the sender explains. “Ultimate solution will require the fleet to be recalled back to Qingdao for replacement of the sub-floor.”

continue reading here : https://www.factwire.news/en/HK-Gove...arly-2015.html
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  #42  
Old 13-07-2016, 05:27 PM
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Re: 2 young lives lost

Going public on train cracks could have caused undue panic: Khaw

By Kenneth Lim
Posted 12 Jul 2016 16:49



SINGAPORE: Declaring that trains were being returned to China for repairs due to hairline cracks could have caused undue panic, Transport Minister Khaw Boon Wan said at the Bishan Depot on Tuesday (Jul 12).


Mr Khaw said that going public for something that was "not a major event" might have caused unnecessary panic to the layman, noting that to engineers, not all cracks are the same.


"If all cracks are have to be reported when they do not cause any of those safety issues then they have to think about what is the impact on the ground," said Mr Khaw. "Looking back I think it’s understandable. We learn as we go along, sometimes even routine matters can be spun out of control as it happened in this case".

He added that if there was a safety issue, the Land Transport Authority (LTA) would have gone public.

"I think if it was a safety issue, LTA - I’m quite sure will - in consultation with MOT (Ministry of Transport) - will decide to go public immediately," said Mr Khaw. He added that if returning the trains would have affected capacity, MOT and LTA would have gone public to explain why.


LTA Deputy Chief Executive (Infrastructure and Development) Chua Chong Kheng added that any time LTA considers a train a safety threat, it would "never allow the train to go into service".

continue reading here : http://www.channelnewsasia.com/news/...n/2950576.html


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  #43  
Old 13-07-2016, 05:30 PM
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Re: 2 young lives lost

COMMENT: SMRT train saga exposes cracks in outdated media policy

P N Balji10 July 2016


The revelation that cracks were found in China-made SMRT trains has shown that the government cannot control the flow of information and command the conversation the way they have done for so long.

For long has this policy been enforced with a combination of legislation, controls on competition that give the two media houses a free ride to make money and the induction of journalists who generally are convinced to become official megaphones. So numbed has the government been by this policy that it has been blindsided by a reality that is breaking down barriers that very few had imagined even just 10 years ago.

At the heart of this new reality is a media policy that has castrated mainstream media to the point where journalists write and edit for fear of losing their jobs and dump investigative journalism practices to the great benefit of the government.

The results of this outdated and archaic policy blew up in the faces of both the journalists and politicians when a new media platform called FactWire in Hongkong broke the news that 26 MRT trains found to have cracks were being shipped back to the manufacturer in China for repairs.

The news agency, which says its unique selling point is investigative journalism, had videos of the trains being wrapped up in green covers and being moved via road and then sea in the middle of the night.

It caused a sensation here with the government and media caught totally off guard and scrambling to respond to a story that was stolen right under their noses.

For three days since the story broke last week, the government tried to play catch-up by spinning story after story in official media trying to allay fears about safety of the trains.

continue reading here : https://sg.news.yahoo.com/comment-sm...013927667.html
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  #44  
Old 13-07-2016, 05:33 PM
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Re: 2 young lives lost

Quote:
Originally Posted by skyleon View Post
COMMENT: SMRT train saga exposes cracks in outdated media policy

P N Balji10 July 2016


The revelation that cracks were found in China-made SMRT trains has shown that the government cannot control the flow of information and command the conversation the way they have done for so long.

For long has this policy been enforced with a combination of legislation, controls on competition that give the two media houses a free ride to make money and the induction of journalists who generally are convinced to become official megaphones. So numbed has the government been by this policy that it has been blindsided by a reality that is breaking down barriers that very few had imagined even just 10 years ago.

At the heart of this new reality is a media policy that has castrated mainstream media to the point where journalists write and edit for fear of losing their jobs and dump investigative journalism practices to the great benefit of the government.

The results of this outdated and archaic policy blew up in the faces of both the journalists and politicians when a new media platform called FactWire in Hongkong broke the news that 26 MRT trains found to have cracks were being shipped back to the manufacturer in China for repairs.

The news agency, which says its unique selling point is investigative journalism, had videos of the trains being wrapped up in green covers and being moved via road and then sea in the middle of the night.

It caused a sensation here with the government and media caught totally off guard and scrambling to respond to a story that was stolen right under their noses.

For three days since the story broke last week, the government tried to play catch-up by spinning story after story in official media trying to allay fears about safety of the trains.

continue reading here : https://sg.news.yahoo.com/comment-sm...013927667.html
Hahaha someone trying to sweep the dirt under the carpet but kena caught
  #45  
Old 13-07-2016, 07:07 PM
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Re: 2 young lives lost

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Originally Posted by antoman View Post
Hahaha someone trying to sweep the dirt under the carpet but kena caught
What makes matter worse is that they took the taxpayers' money to buy the trains and buses . I wonder how much more dirt can be discovered ?
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having no respect for the environment leads to unnecessary lives lost! Sammyboy RSS Feed Coffee Shop Talk of a non sexual Nature 0 21-12-2015 03:10 PM
having no respect for the environment leads to unnecessary lives lost! Sammyboy RSS Feed Coffee Shop Talk of a non sexual Nature 0 21-12-2015 01:40 PM
having no respect for the environment leads to unnecessary lives lost! Sammyboy RSS Feed Coffee Shop Talk of a non sexual Nature 0 21-12-2015 12:20 PM
having no respect for the environment leads to unnecessary lives lost! Sammyboy RSS Feed Coffee Shop Talk of a non sexual Nature 0 21-12-2015 11:50 AM
bravo NATO lost lots of war planes and lives today! where is my beer? Sammyboy RSS Feed Coffee Shop Talk of a non sexual Nature 0 27-01-2015 04:50 AM


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