Bus system * Singapore - Changes will make more competitiveness
Singapore -Channel NewsAsia, by Ng Baoying -18 January 2008: -- Changes to the bus system, which were announced on Friday, are expected to shore up Singapore's competitiveness as an economy, according to analysts... Some analysts welcomed the prospect of competition in the sector, but said it may exert pressure on the profit margins of existing players... The red and white buses may rule the roads right now, but they are likely to cede their throne as new operators enter the market. Analysts said that ComfortDelGro, which owns 75 percent of SBS Transit, will come up strong against potential bidders with its experience behind it. However, competition will put price pressures on its earnings... Under the changes announced on Friday, more bus operators will be allowed into the market. Analysts said what will be critical is the type of tender that will be offered...Labels: bus system
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