MTRC (0066) and the FAM
We remind the board of MTRC that although they hold a blanket waiver of the Listing Rules on connected transactions, they cannot agree to amend the Fare Adjustment Mechanism if they expect it to reduce profits, because it would breach their fiduciary duty to minority shareholders. If the Government really wants to run the transport system and set fares, then they should nationalise it. (27-Mar-2013)
Help the needy, not the needless
We price the proposed Old Age Living Allowance if means-testing is scrapped to make it a universal pension, and what it would mean for tax rates down the road to a welfare state. We show you the increasingly educated and affluent profile of future retirees, and call on Government to refocus on a better, properly means-tested and rebranded elderly CSSA system. We also look at the $2 fare scheme, another scattergun attempt at welfare. (12-Oct-2012)
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