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Land Transport Authority (LTA)
Public transport operators to lose $79 mil in revenue on 4.2% fare reduction
SINGAPORE (Oct 27): Public transport operators SBS Transit, SMRT, and the Land Transport Authority (LTA) will see a total decrease in fare revenue of about $79 million a year, after the Public Transport Council (PTC) on Thursday announced a 4.2% decrease
October 27, 2016
Tritech wins three contracts totalling $23 mil from LTA
SINGAPORE (Oct 27): Tritech Group has won three contracts aggregating $23 million by the Land Transport Authority through its wholly-owned subsidiary Tritech Engineering & Testing (Singapore).
October 27, 2016
Close to 99% of SMRT shareholders vote ‘yes’ to sale of assets to govt
SINGAPORE (Sept 29): An overwhelming 98.84% of SMRT Corp shareholders on Thursday voted in support of the sale of SMRT Trains’ existing operating assets as part of a new rail financing framework (NRFF) deal.
September 29, 2016
Hairline cracks found on 11 more trains
SINGAPORE (Sept 9): Land Transport Authority (LTA) and SBS Transit on Friday revealed that hairline cracks were discovered on 11 Sengkang-Punggol LRT (SPLRT) trains during a fleet-wide inspection by SBS in July.
September 09, 2016
Tech
One-North gets a taste of Singapore’s first autonomous taxi service
SINGAPORE (Aug 25): NuTonomy, an autonomous vehicle startup, today launched the world’s first-ever public trial of a robo-taxi service in Singapore.
August 25, 2016
Broker's Calls
Land transport sector ‘neutral’ amid regulatory changes
SINGAPORE (Aug 18): OCBC Investment Research is keeping its “neutral” rating on Singapore’s land transport sector amid what has been “a year of many regulatory changes”.
August 19, 2016
Broker's Calls
Transport sector gets an 'overweight' as contracts are finalised
SINGAPORE (Aug 15): RHB is maintaining its “overweight” rating for the local land transport sector, with a “buy” call for ComfortDelGro (CD), along with a target price of $3.25.
August 15, 2016
LTA to pilot autonomous vehicle programme; test self-driving taxis next year
SINGAPORE (Aug 1): Singapore Land Transport Authority (LTA) is partnering with Delphi Automotive to embark on a 3-year pilot programme to implement autonomous vehicle mobility concepts.
August 01, 2016
Temasek said to weigh buyout of Singapore subway operator SMRT
SINGAPORE (July 18): Singapore state investment company Temasek Holdings is considering a buyout offer for SMRT Corp, the city-state's biggest subway operator, a person with knowledge of the matter said.
July 18, 2016