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Coffee Shop Talk of a non sexual Nature Visit Sam's Alfresco Heaven. Singapore's best Alfresco Coffee Experience! If you're up to your ears with all this Sex Talk and would like to take a break from it all to discuss other interesting aspects of life in Singapore,  pop over and join in the fun.

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Old 29-01-2014, 12:50 PM
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Thumbs up Desmond Kuek sets new record - First ever quarterly loss in SMRT history

An honorable member of the Coffee Shop Has Just Posted the Following:

THIRD QUARTER earnings at SMRT Corp slumped 44% to $14.23million

REVENUE actually ROSE 4.1% in fare revenue but not enough to cover the 21% increase in staff costs.

NON-FARE revenue rose 6.1% to #27.3million.

Famous last words:

"Our fare business continues to face cost pressures arising from ongoing efforts to meet heightened demands on service , reliabity and capacity."

"We are engaging the authorities on a timely transition to a viable and sustainable model for the trains and businesses."

Any surprise stock price went down 1.5% this morning?

And of course, no more the cock talk about zero tolerance for breakdowns.


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