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ALL consolidated SMRT/NEL/KT.. simisai BREAKDOWNS here!


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Stupid part is track belong to lta train belong to mrt. So if lta don't want to service the track mrt LLST

 

We also do not own the road that we drive on, LTA does. But whatvever happens to the road we can call LTA to do something. I think it's the same for MRT. I do not think things work that stupid bah?

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:grin: Idea for Temasek (SMRT major shareholder)

 

 

$2.7m bonus clawback hits SembMarine CEO

 

The brutal downturn in the energy industry has taken a severe toll on the bonus payments of key executives at rig builder Sembcorp Marine.

The company's 2015 annual report noted that a $2.7 million bonus was clawed back from president and chief executive Wong Weng Sun, whose total pay package came to $1.79 million.

He earned $4.32 million in 2014, including a $2.4 million bonus, although he may not have taken this amount home given the company's remuneration policy.

Temasek Holdings, which owns 49.5 per cent of SembMarine parent Sembcorp Industries, said senior management receive cash payouts of no more than a third of the bonuses they have already racked up, if the balance is positive.

The retained balances remain at risk of clawbacks in the future, it added.

This appears to be the first bonus clawback Mr Wong has experienced since taking over as SembMarine president and chief executive in 2009, based on a search of the company's annual reports.

SembMarine told The Straits Times yesterday that it was not able to respond to queries.

Five other executives also suffered bonus clawbacks, ranging from $472,000 to $989,000 last year.

"Bonus clawbacks in the oil and gas sector are another illustration of the unprecedented headwinds buffeting the industry," said Stefanie Yuen Thio, joint managing director of TSMP Law Corp.

"The market saw clawbacks for top executives in the global financial sector following the financial crisis of 2008, and this may well be the oil and gas sector's 'Lehman Brothers moment'."

Lee Suet Fern, managing partner of Morgan Lewis Stamford, noted that "when the industry is down, bonus clawbacks are unsurprising".

Sembcorp Marine's full-year net loss came in at $289.7 million last year from a net profit of $560.1 million a year earlier.

Marine engineering companies around the world have had trouble replenishing their order books while existing orders have been deferred or cancelled, the firm said.

SembMarine made provisions of $801 million on rig-building contracts and share of losses in other associates and non-operating items in the fourth quarter.

Meanwhile, the heads of Keppel Corp and SembMarine's parent, Sembcorp Industries, fared better, partly because these are more diversified businesses.

While their total remuneration packages were lower this year, they kept their bonuses last year.

Keppel chief executive Loh Chin Hua's package came to $6.73 million last year, including a fixed salary, performance-related bonuses and share awards. This compared with $7.25 million a year earlier.

The total remuneration of Tang Kin Fei, group president and chief executive of Sembcorp Industries, came to $4.45 million last year, including a $1.54 million bonus. In 2014, he earned $6.17 million, including a $3.04 million bonus.

"This reflected the impact of a weaker performance by SembMarine, partially mitigated by the utilities business," a company spokesman said.

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- See more at: http://business.asiaone.com/news/27m-bonus-clawback-hits-sembmarine-ceo#sthash.AxMc73ru.dpuf

 

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From now on, SOP item to carry when taking train will be torch-light and a reflective vest!

 

Nowadays, there is a torchlight function in your hp. Just turn it on.

 

Even my nokia phone also have torchlight function. It turns the screen all white. Can choose colour.

 

Modern smartphones, the flashlight will be turned on.

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:grin: Idea for Temasek (SMRT major shareholder)

 

 

$2.7m bonus clawback hits SembMarine CEO

 

You really want them to link Kuek's compensation to SMRT profits?  :a-t2622:

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very dangerous . . . scarly system kee seow and power come back on? LRT train come charging at you then how? The commuters should stay put and wait. [grin]

I think commuters already waited about 45 mins before they were asked to walk on track. So if you want to stay put and wait, then don't know have to wait for how more long liao?! But did they reported commuters need to walk how long to the next station?

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You really want them to link Kuek's compensation to SMRT profits?  :a-t2622:

 

No. I want them to link Kuek's compensation to the number of breakdowns and MRT train accidents.

 

Clawback what had already been paid.

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I guess it's not about darkness on the track or having a torchlight by your side when you take train home at night. It's all about the get home experience. Ppl are expecting to get home on time to have a shower and enjoy dinner with the family. This kinda incident just dampen the mood. A wet blanket.

Edited by Watwheels
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Nowadays, there is a torchlight function in your hp. Just turn it on.

 

Even my nokia phone also have torchlight function. It turns the screen all white. Can choose colour.

 

Modern smartphones, the flashlight will be turned on.

 

Sure, that is available on most phone nowadays.

But, if you use your phone as the torch light, how to take video to post on-line or to STOMP to earn some $$ ? hee hee

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From now on, SOP item to carry when taking train will be torch-light and a reflective vest!

 

lai lai lai

let moi intro taobao lobang:

 

1) Small, powerful but uses special battery

 

https://world.taobao.com/item/36606653373.htm?fromSite=main&spm=a312a.7700824.w4002-10009623178.35.FP5FWr

 

$7 only (plus shipping back to SG, say $2), all in less than $10

small, light, Cree T6 power!! but runs on 18650 battery

 

 

2) Small, not so powerful, uses 3 X AAA battery

 

https://world.taobao.com/item/523736178378.htm?fromSite=main&spm=a312a.7700824.w4002-10009623178.26.FP5FWr

 

$2 nia, (plus shipping back to SG, say $1.5), jin cheaps man!!!

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No. I want them to link Kuek's compensation to the number of breakdowns and MRT train accidents.

 

Clawback what had already been paid.

 

isnt that what is happening now ?

More breakdown, compensation package increase ?

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From now on, SOP item to carry when taking train will be torch-light and a reflective vest!

 

Ladies to pack a pair of flat shoes, FBT shorts, 1 water bottle, insect repellant, dry ration.

 

We call it "MRT/LRT Survival Field Pack" Edition 1.0

isnt that what is happening now ?

More breakdown, compensation package increase ?

 

Negative performance indicator

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No. I want them to link Kuek's compensation to the number of breakdowns and MRT train accidents.

 

Clawback what had already been paid.

 

Clawback clause must be in his contract first....

 

Doubt SMRT put that in. 

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Sure, that is available on most phone nowadays.

But, if you use your phone as the torch light, how to take video to post on-line or to STOMP to earn some $$ ? hee hee

 

like that you need special fleshlight liao :grin:

 

this special fleshlight can be mounted on the head :grin:

https://world.taobao.com/item/21271303787.htm?fromSite=main&spm=a312a.7700824.w4002-10009623178.40.7rbU9F

$16 nia, can also tao on bicycle :grin:

 

if you scared water come inside mrt tunnel, machiam end of world, don't worry, we also have the goods for you :grin:

 

https://world.taobao.com/item/25464184726.htm?fromSite=main&spm=a312a.7700824.w4002-10009623178.43.7rbU9F

$10 nia, when not using, can bring to swimming pool [sly]

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Ladies to pack a pair of flat shoes, FBT shorts, 1 water bottle, insect repellant, dry ration.

 

 

I think this item is the most important ...  [:p]

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Clawback clause must be in his contract first....

 

Doubt SMRT put that in. 

 

oh well... let's see if he have conscience enough to voluntarily spit back the bonus.

 

409a58d3a2bd0ded46b38d3a5e3f8a7f66cde757

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We also do not own the road that we drive on, LTA does. But whatvever happens to the road we can call LTA to do something. I think it's the same for MRT. I do not think things work that stupid bah?

Road and track is different. If this road cannot use. We can use another road. Track cannot use no other way. Imagine call lta. Lta send their engineer down to check. Check Liao go back arrange. Waste another time. All the time taken can be reduce.

 

Furthermore we don't know if the track condition will affect the overall function of the train. We can imagine both lta head and mrt head arguing over its the track fault or the train fault.

Edited by Joseph22
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I guess it's not about darkness on the track or having a torchlight by your side when you take train home at night. It's all about the get home experience. Ppl are expecting to get home on time to have a shower and enjoy dinner with the family. This kinda incident just dampen the mood. A wet blanket.

Agreed. but too bad nowadays taking train is no longer reliable and fast, as the breakdown rate is simply too high. Even taking bus is more reliable as how often you hear bus breakdown on the road?

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