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Daily Archives: 2012-07-18

The 'Record' $2 Million Fine

By Gordon Lee – On 16 July, LTA announced a record $2 million fine for SMRT, or 1.4% of SMRT’s forecast profit. These figures were splashed over the national newspapers, presumably intending to create a “shock and awe” effect, and to produce the impression that the LTA takes a tough stance on service disruptions. Is the fine significant? Let the …

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