Land Transport Authority (LTA)

Company in the news

EuroSports Global's Scorpio Electric's electric maxi-scooter granted special purpose licence by LTA

The licence allows Scorpio Electric to conduct tests for 12 months starting mid-July.
SINGA bonds a 'long term positive' for SGD bond market: Maybank KE - THE EDGE SINGAPORE

Broker's Calls

SINGA bonds a 'long term positive' for SGD bond market: Maybank KE

SINGA bonds can help add diversity to the existing Singapore Government Securities (SGS), says the brokerage.
Tiong Seng appoints former MP Teo Ho Pin as new independent board director - THE EDGE SINGAPORE

Company in the news

Tiong Seng appoints former MP Teo Ho Pin as new independent board director

Teo’s appointment will take effect from Oct 15.
Relief for ComfortDelGro once Phase 3 begins: RHB - THE EDGE SINGAPORE

Broker's Calls

Relief for ComfortDelGro once Phase 3 begins: RHB

The average daily number of trips for 1-shift taxis is now at approximately 75% of the historical average.

Management & Corporate Governance

Tritech, Tiong Seng executives charged with bribing former LTA official

Henry Foo allegedly received a total of $1.24 million in loans from the contractors between 2014 and 2019

Disruption and Digitalisation

Broad regulations for a disrupted industry

SINGAPORE (Aug 12): A new licensing regime for private-hire platform operators that will kick into effect next June could level the playing field between taxi operators and ride-hailing platform providers, as well as protect drivers and consumers alike. H

Disruption and Digitalisation

Singapore to step up oversight on Grab, Gojek to enhance safety

SINGAPORE (Aug 7): Singapore will tighten regulations on ride-hailing operators such as Grab and Gojek, bringing safety-related rules for the services in line with taxi operators to better protect commuters and drivers.

Fintech

Visa rolls out nationwide contactless payments service for mass transit commuters

SINGAPORE (June 6): Public commuters in Singapore may now opt to pay for their bus or mass rapid transit (MRT) rides with their Visa contactless cards or compatible mobile devices, instead of using cash or EZ-Link cards.

Singapore economy

Singapore proposes stricter rules for ride-hailing operators

(Jan 25): Singapore is proposing to step up regulation of ride-hailing companies such as Grab and Go-Jek, bringing rules for the services in line with taxi operators in a bid to better protect the safety of commuters and drivers.

Lum Chang secures $799 mil contract from LTA for design and construction of north-south corridor

SINGAPORE (Dec 21): Lum Chang Holdings announced that its wholly-owned subsidiary, Lum Chang Building Contractors, has won a tender for the design and construction of the north-south corridor (tunnel) between Ang Mo Kio Ave 3 and Ang Mo Kio Ave 9 worth $7
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