NEL breaks down on CNY eve, but firm’s net profit up
It was reported last week (10 Feb) that SBS Transit had posted a 27.8% rise in 2014 net profit, helped by higher ridership and fares. Net profit was $14.3 million last year, up from $11.2 million in 2013, as revenue jumped 12.2% to $951 million. Revenue from the bus segment rose 10.5% to $754 million, while revenue from the...
A tale of two immigrants in Singapore
Sourav Roy and family (Photo: ST) Last Saturday (14 Feb), the Straits Times carried an article ('Singapore respects us as few nations do') written by Sourav Roy, an Indian national who now resides with his German wife in Singapore. Mr Roy explained why his family has chosen to settle down in Singapore and make Singapore their...
Domestic sector productivity falls due to large number of workers
In a wide-ranging interview with the media, Minister for Trade and Industry Lim Hng Kiang confirmed that Singapore is falling behind in productivity. He said Singapore is "not achieving the two to three percent (labour productivity) growth rate that we're aiming for". Report released on Tuesday (17 Feb) by MTI showed that Singapore's...
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