SMRT Breakdowns Dent Earnings as Rail Fines Loom

SMRT Breakdowns Dent Earnings as Rail Fines Loom

Munshi Ahmed/Bloomberg

Known for its efficiency in carrying more passengers per kilometer than subways operators in Hong Kong, Tokyo and New York, SMRT attracted 50 percent more customers in the past five years as population growth accelerated and two new casino resorts led to a surge in tourists.