Business Services Industry
Thai Buses Back in Black by 2006.
Knight Ridder/Tribune Business News, June, 2004
By Wichit Chantanusornsiri, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jun. 3--The loss-ridden Bangkok Mass Transit Authority hopes to cut its operating losses to the break-even point by 2006 and turn a profit in later years under a new restructuring plan.
The Bangkok bus operator has amassed accumulated losses of 43 billion baht, with additional losses of three billion per year, due to inefficiencies and the cost of offering subsidised fares.
The plan covers existing losses of 30 billion baht, another seven billion in liabilities incurred from bus purchases and another two billion in projected costs coming due next year for an early retirement programme aimed at streamlining the BMTA's existing 10,000-strong staff...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
