Bloomberg: Temasek Said to Weigh Buyout of Singapore Subway Operator SMRT
Singapore state investment company Temasek Holdings Pte is considering a buyout offer for SMRT Corp., the city-state’s biggest subway operator, a person with knowledge of the matter said. Temasek is weighing an offer to buy all the shares it doesn’t already own in SMRT, according to the person, who asked not to be identified...
LTA should solve Taxi woes first before increasing licensing fees!
Quote: The Land Transport Authority (LTA) has told operators that their operating licence fee will rise from 0.1 per cent of gross revenue to 0.2 per cent this year, and then to 0.3 per cent next year. The untold reason for the increase of the operation license is: To increase funding for monitoring of the taxi to ensured...
Singapore Loses to Hong Kong in Race for Most Competitive
Singapore and Hong Kong have been vying for years to hold the crown of most competitive place to do business. Now a clear winner is emerging: Hong Kong. While Hong Kong is rising on world rankings for competitiveness, Singapore is sliding. The latest results from IMD, a Swiss business school, put Hong Kong at the top of the...
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