Business
Singapore Budget 2012 and SBS
By A Young Investor's Diary  •  February 18, 2012
Minister for Finance Tharman Shanmugaratnam revealed the Singapore Budget 2012 yesterday with the main aim of building an inclusive society, helping the aged, the poor and the disabled. 3700 hospital beds will be added over the next 8 years and proportion of foreign workers allowed to be hired will be reduced in a bid to gear up the productivity of firm. Among them all, the government announces a $1.1 billion funding for the Bus Services Enhancement Fund, where total bus capacity will be increased by 800 from the current 4000 fleet operated by SMRT and SBS.
According to the Budget, the government will provide funding for 550 buses while public bus operators will add another 250 buses on their own. The sum of $1.1b will be used to cover the cost of purchase of 550 buses as well as their running costs for the next 10 years. Such ...
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By A Young Investor's Diary
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