PRC driver says brakes failed whereas SMRT says bus has a clean bill of health
One person died when an SMRT bus overturned (ST Photo). An SMRT bus service number 700A, suspected to be speeding, lost control and crashed into road barriers on the other side of the road before overturning. The accident happened on Sunday morning (21 Jul) at the junction of BKE slip road and Dairy Farm Road, resulting in 1...
MAS concerned about rising household debt in S’pore
At the MAS Annual Report 2012/13 Press Conference today (23 Jul), Managing Director of Monetary Authority of Singapore (MAS), Ravi Menon said that MAS is concerned over rising household debt in Singapore. He said that the combination of low interest rates, growing leverage, and surging property prices poses significant risks...
MAS: Economic outlook better, good returns on MAS investments
At the MAS Annual Report 2012/13 Press Conference today (23 Jul), Managing Director of Monetary Authority of Singapore (MAS) Ravi Menon said that the overall macroeconomic outlook for Singapore this year is better than last year. He said, "Barring shocks, Singapore’s GDP growth will be stronger and CPI inflation lower in 2013,...
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