Daily Archives: 2016-08-12

Singapore economy expands 2.1% in Q2, below estimates

By Margaret Yang, CMC Markets Amid a more challenging global environment, Singapore’s economy expanded 2.1% in the second quarter, missing forecasts of 2.2% growth. The Ministry of Trade and Industry (MTI) has also narrowed down the country’s 2016 GDP forecast to 1-2 % from 1-3 % previously. The discount has taken into consideration additional downside risks including Brexit, potential spiking …

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Agreements on bus packages reached between LTA and bus companies

In a press release on 11 August, the Land and Transport Authority (LTA) announces that it has reached agreements with SBS Transit and SMRT Buses for 11 bus packages under the bus contracting model, which will come into effect on 1 September 2016. Under Singapore’s bus contracting model, operators will be paid a service fee to operate the services, while …

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