SMRT rolls-out revamped wage scheme for non-executive workers

8 Mar 2013 - Singapore Business Review
There'll be a base pay hike of $320. According to a release, the SMRT Wage Revision in 2013 features 4 key enhancements made to the remuneration packages of all SMRT's non-executive employees, excluding its Bus Captain who had received a salary enhancement package last year, with effect from March 2013. ...
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How SMRT's revamped wage scheme could hurt 2013 earnings

8 Mar 2013 - Singapore Business Review
Incremental cost is a whopping ~S$25m. Today, SMRT announced its Wage Review for all Non-Executive Staff. Non-executives include staff such as the maintenance crew, station staff, admin clerks, etc. This review excludes Bus Captains who have already received a salary increase last year. According to ...
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Daily Briefing: Narrow wealth gap spurs debate; SMRT drivers sentenced to 6 weeks' jail

26 Feb 2013 - Singapore Business Review
Plus NTU prof's tenure gets denied.
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SMRT and LTA roll out new express service

5 Feb 2013 - Singapore Business Review
Yishun and CBD commuters to largely benefit. In a release, the Land and Transportation Authority and SMRT have announced that a new express service--Service 850E--that connects Yishun to the Central Business District will begin operation from Monday, 18 February, 2013. This is the sixth bus service to ...
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SMRT warns profit will drop in the next 12 months

30 Jan 2013 - Singapore Business Review
It'll be a rough ride for the company. According to Nomura, 9MFY13F profit came in at 67% of the firm's full-year estimate, below expectations due to lower than expected revenues and higher than expected costs. The lower than expected revenues were largely due to the rail segment which saw i) average ...
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Here's why ComfortDelGro is better off than SMRT

15 Jan 2013 - Singapore Business Review
SMRT has expeditures to rectify. Maybank Kim Eng prefers ComfortDelGro to SMRT for its global business operations which provide growth opportunities beyond the challenges currently posed by the Singapore land transport scene. Here's more from Maybank Kim Eng: CDG's overseas businesses which include longer-term ...
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SMRT boosts train count by 25%

11 Jan 2013 - Singapore Business Review
35 trains will soon be rolled out. SMRT is working with the Ministry of Transport (MOT) and the Land Transport Authority (LTA) to accelerate train renewal and facility expansion programmes to improve the service availability standards and frequency of our trains over the next three years. Following the ...
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SMRT gets nod to manage retail space at Singapore Sports Hub

19 Dec 2012 - Singapore Business Review
It's a vast 41,000 sqm of space. According to a release, the Singapore Sports Hub has appointed SMRT Alpha to lease and operate 41,000 square metres of commercial retail space at the Singapore Sports Hub. This new joint venture is a partnership between subsidiaries of SMRT and NTUC FairPrice, formed ...
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Daily Briefing: SMRT strike was never about nationalities

6 Dec 2012 - Singapore Business Review
Time to focus on the real issue here.
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Daily briefing: SMRT driver to spend six weeks behind bars

4 Dec 2012 - Singapore Business Review
The Chinese national said he’s deeply remorseful and apologetic.
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