Why The Government Bus Contracting Model Is A Double-Edged Sword For Bus Operators

17 Jun 2016 - The Motley Fool Singapore
One major change in Singapore’s land transport industry happened in 2014. The government officially announced on 21 May 2014 that Singapore would transit from the existing Bus Service Operating Licences (BSOL) model to a bus contracting model. Under the new model, the government would own all bus infrastructure ...
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Go-Ahead Singapore hits hiring milestone ahead of September launch

16 Jun 2016 - Channel NewsAsia
SINGAPORE: New bus operator Go-Ahead Singapore has hired 655 bus captains - or 93.6 per cent of its stated 700 vacancies - ahead of the launch of its bus services in September, it said on Thursday (Jun 16). The UK-based operator will operate the new Loyang bus depot running 25 bus routes from the Changi ...
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Tower Transit buses set to hit the roads

28 May 2016 - Channel NewsAsia
SINGAPORE: The Republic’s third bus operator Tower Transit will launch its first batch of bus services on Sunday (May 29), covering nine routes. The UK-based bus operator, which took over 68 buses from SMRT on Saturday, will launch bus services in two more tranches, covering 26 routes in total. The buses ...
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The Better Land Transport Stock Now: SMRT Corporation Ltd vs SBS Transit Ltd

26 May 2016 - The Motley Fool Singapore
There’s a lot in common with SMRT Corporation Ltd (SGX: S53) and SBS Transit Ltd (SGX: S61) in the business side of things. After all, both companies provide bus and rail services in Singapore. This similarity may cause investors to think: Which of the two could be the better land transport stock right ...
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Tower Transit announces pay increment of 3.5%

16 May 2016 - Channel NewsAsia
SINGAPORE: UK-based transport operator and Singapore's third public bus operator Tower Transit on Monday (May 16) announced it will be bumping up the pay of its bus captains and all staff covered under its agreement with the National Transport Workers' Union by 3.5 per cent. The increment will take ...
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3 Things You Need To Know About the Singapore Stock Market Today

13 May 2016 - The Motley Fool Singapore
Welcome to Friday evening! Here are three things about the Singapore stock market and investing in general that you might want to look at today and over the weekend. 1. It’s the earnings season! Here are the latest coverage from my colleagues: Vicom Limited (SGX: V01) – Click here Straco Corporation ...
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ComfortDelgro Corporation Ltd’s Latest Earnings: Profit Grows 8%, But Is It Sustainable?

13 May 2016 - The Motley Fool Singapore
Yesterday evening, Comfortdelgro Corporation Ltd (SGX: C52) reported its fiscal first-quarter earnings. The reporting period was for 1 January 2016 to 31 March 2016. Comfortdelgro is a global land transport giant with operations mainly in Singapore, Australia, the United Kingdom, and China. The company ...
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SBS Transit Ltd’s Latest Earnings: What Investors Should Know

12 May 2016 - The Motley Fool Singapore
SBS Transit Ltd (SGX: S61) reported its fiscal first-quarter earnings yesterday. The reporting period was for 1 January 2016 to 31 March 2016. SBS Transit is a subsidiary of land transport giant Comfortdelgro Corporation Limited (SGX: C52). Singaporeans may recognize SBS Transit’s namesake bus and mass ...
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SBS Transit reports 69.5% rise in Q1 net profit

11 May 2016 - Channel NewsAsia
SINGAPORE: SBS Transit on Wednesday (May 11) announced a 69.5 per cent rise in its first-quarter net profit to S$8.08 million. The public transport operator said group operating profit for the three months ended Mar 31, 2016 was S$11 million, a 60.7 per cent increase from the same period a year ago. ...
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LTA rewards SBS, SMRT, for shortening wait times

9 May 2016 - Singapore Business Review
They received $12,440 and $12,000, respectively. Singaporeans are now reaping the benefits of the Bus Service Reliability Framework, as both bus operators SBS and SMRT sustained improvements in reliability since the implementation of the trial. According to a press release by the Land Transport Authority ...
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