Tag Archive | "fine"

S’poreans react to SMRT fined S$5.4 million for July 7 breakdown

S’poreans react to SMRT fined S$5.4 million for July 7 breakdown

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Three thoughts that must have went past your mind at some point.

5.4-million-fine

Rail operator SMRT Corp has been fined $5.4 million for the MRT breakdown that shut down both the North-South and East-West lines on July 7.

The disruption affected some 413,000 commuters, many of whom reached home at midnight and some did so by walking.

The $5.4 million fine will go to the Public Transport Fund, which pays for transport vouchers to help needy families.

SMRT’s rail revenue for the 12 months ended March 31 stood at $644 million for the North-South, East-West and Circle lines.

The previous record fine was $2 million, slapped on SMRT for the 2011 North-South Line disruptions on Dec 15 and Dec 17 that affected about 221,000 commuters combined.

Here are three thoughts Singaporeans have:

 

sian-half-auntie “Not as if SMRT CEO Desmond Kuek is going to lose sleep about this because it’s not coming out of his million-dollar salary.”
Ta Dee Tieh, 45-year-old furniture mover

 

sian-half-uncle “So the people who cannot afford to drive pays to supplement the cost of transport for the lower income whenever the train breaks down, while the rich will forever be immune to the problems of everyone else.”
Ah Seah Kia, 63-year-old prawn seller

 

happy-bird-girl “If S$5.4 million is going to be used to help needy families pay for transportation, this just means that Singapore has a lot of needy families or transport fare is exorbitant.”
Jin Boh Lui, 18-year-old aquarium cleaner

 

 

 

 

 

 

 

 

 











Why was Google fined S$610 million?

Why was Google fined S$610 million?

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Hint: Healthcare costs in the US are off the charts.

Google is paying a hefty fine to the U.S. government for knowingly allowing Canadian pharmacies to advertise prescription drugs to U.S. residents.

Importing drugs into the U.S. is illegal, though individuals are not prosecuted and also because authorities turn a blind eye to drugs from Canada.

However, this institutional fine imposed is to force Google to return all the revenue it generated from those ads, and pay the authorities the estimated gross revenue of the Canadian pharmacy sites that placed the ads.

U.S. citizens order from Canadian and overseas pharmacies to get cheaper prices on medicine, although it’s illegal to do so even with a prescription or for drugs not available in the US.

Authorities are tough on online pharmacies because online ordering carries a higher risk of encountering counterfeit pills.

What is unclear is whether punishing Google would resolve the online pharmaceutical issue.

Online pharmacies are the masters of spam, using extensive email spams and spam websites to drive sales, which are partly due to healthcare costs in the US being too expensive.

These online pharmacies are now more likely to invest money in other non-US-based companies when putting up advertisements on the Internet.

Read the original article here.