Tag Archives: Banking and Finance

INVESTORS: SMRT, SBS TRANSIT IS ALREADY OPERATING BEYOND ITS CAPACITY

A foreign operator beating out SMRT and SBS Transit, along with a host of other hopefuls, to nab the first package of bus routes put up for tender might have left the two incumbent public transport operators disappointed, and led to some transport analysts describing it as a “wake-up call” for SMRT and SBS Transit. But as far as investors and market watchers are concerned, the failure to land the contract was a boost to the two public-listed companies: On Monday (May 11), the first trading day following the announcement last Friday after market hours that United Kingdom-based Tower Transit won the contract, the share prices of both SMRT and SBS Transit went up.

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DBS BANK HAS MOST INDIAN EXPATS IN UPPER MANAGEMENT

The Singapore government is encouraging employers to hire more locals and many MDs are indeed Singaporeans, but there’s also a good sprinkling of foreign talent among the upper legions, especially at DBS – widely seen as the most ‘international’ of the three home-grown banks. Michael Power has been a consumer operations MD at DBS for four years, while Sandra Stonham, MD of technology and operations, has been with the firm since 2008.

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