A Recession Proof Business

1 Jun 2013 - The Motley Fool Singapore
Most businesses are affected by what is going on in the economy. When economic times are good, they tend to do well. But when the economy is sluggish, they might be adversely affected. However, some businesses are recession-proof. They seem to do well in both good and tough times. That’s because their ...
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Daily Briefing: SMRT slows down operations; Firms going crazy over Iskandar

31 May 2013 - Singapore Business Review
And check out why Singaporeans are heading to JB attractions.
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Daily Briefing: SMRT to probe NSEW rail network; Is chivalry dead in Singapore?

21 May 2013 - Singapore Business Review
And government halts sale of Taiwan tapioca pearls.
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LTA, SMRT to add 35 new trains to the North-South East-West Lines

14 May 2013 - Singapore Business Review
Expect the new trains from 2014-2016. According to a release, LTA and SMRT have already taken action to increase the capacity of the North-South East-West Lines (NSEWL) in the longer term. 35 new trains have been ordered, and they are scheduled to be injected into the system from 2014 to 2016. These ...
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Why SMRT's spiking staff cost will remain a headache this year

3 May 2013 - Singapore Business Review
Staff cost estimate raised by 5%. According to DBS, along with the operating environment and its recent wage adjustments, it has raised its staff and R&M cost assumptions by 5% and 11%, respectively. As such, it lowered its FY14F/ 15F forecasts by 8.4%/ 5.9%. DBS continues to see a tough operating condition ...
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Why SMRT's profits nightmare isn't over yet

2 May 2013 - Singapore Business Review
Next 12 months may be worse. According to Nomura, management guided that profitability in the next 12 months will deteriorate due to higher operating costs arising from higher service standards, a larger fleet and an ageing rail network. Higher staff costs will inflict both Trains and Buses due to: i) ...
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SMRT's net profit fell 30.6% to S$83.2m

30 Apr 2013 - Singapore Business Review
Blame it on higher staff expenses. According to OCBC Investment Research, as expected, SMRT reported a loss-making 4Q13 to end the year. OCBC noted that although revenue grew 2.4% YoY to S$281.3m, increases in operating expenses namely staff (+28.5% YoY) and repair costs (+41.6% YoY) resulted in a net ...
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Daily Briefing: MOM slams ex-SMRT driver's claims; Lessons from Boston blast

22 Apr 2013 - Singapore Business Review
And what trade unions must do for migrant workers.
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How SMRT will be hit by government's free train rides

16 Apr 2013 - Singapore Business Review
Operating costs expected to rise marginally. According to DBS, as the trial will be funded by the government, (said to cost S$10m according to The Straits Times), it does not foresee any direct impact on SMRT or CD at this juncture arising from the provision of free travel and discounts during the aforementioned ...
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Daily Briefing: Singaporeans are less gracious this year; Ex-SMRT driver drops new bombs

12 Apr 2013 - Singapore Business Review
And why NUS, NTU students aren't surprised by university rankings.
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