More than 3,000 jobs to be added in Singapore's public transport sector over next few years
There will be over 3,000 job openings — including roles such as technicians and engineers — in Singapore's rail and bus sectors over the next few years. Speaking at the new Punggol Coast Bus Interchange, Transport Minister Chee Hong Tat said the workforce must also be ready to support the move towards electrification of buses. Punggol Coast Bus Interchange will launch with two services. There will also be a direct service to the city during peak periods. The interchange can support up to 10 services in the future. Claudia Lim reports.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
3 hours ago
- CNA
Vietnam's EV maker reports US$712 million net loss in Q1
HANOI: Vietnam's first homegrown car manufacturer Vinfast on Monday (Jun 9) said it recorded net losses of US$712 million in the first quarter of the year despite more deliveries. The communist nation's electric vehicle (EV) firm is aiming to compete with global giants such as Tesla, but has struggled to break into the international market. The company said Monday it delivered 36,330 EVs in the first three months of the year, representing a year-on-year increase of 296 percent.
Independent Singapore
4 hours ago
- Independent Singapore
Singapore fund inflows rebound in 2024 at S$7.6B, up 167%
Photo: Freepik/freestockcenter SINGAPORE: Singapore's fund management industry rebounded in 2024, pulling in S$7.6 billion in total net inflows, up 167% from the S$2.85 billion recorded the year before. According to Singapore Business Review, citing the latest quarterly report from the Investment Management Association of Singapore (IMAS), net inflows in the fourth quarter of 2024 (Q4 2024) alone reached S$1.72 billion, led by fixed income and allocation funds at S$758.83 million and S$630.09 million, respectively. Money market funds, which had an inflow of S$1.5 billion in the previous quarter, followed with S$158.83 million. Equity funds also recorded inflows of S$171.83 million. Meanwhile, alternative assets, commodities, and convertibles posted minor outflows. In Singapore, global equity income funds saw the highest inflows, attracting S$91.83 million, followed by Singapore equity funds, which drew in S$78.82 million. In contrast, Asia-Pacific ex-Japan equity funds had the most outflows at S$121.85 million. Globally, fund flows were mixed. In Q4 2024, the US equity market drew US$145.6 billion in fresh inflows, driven mostly by large blend funds. In Europe, equity inflows reached €13.56 billion (S$19.66 billion). Meanwhile, China bucked the trend with ¥85.48 billion (S$761.7 million) pulled from equity funds in the same period. Fixed income stayed popular with investors globally. US fixed income brought in US$128.3 billion (S$165.2 billion), while Europe recorded €75.36 billion in net income inflows for Q4. In Asia, the city-state's fixed income segment pulled in S$758.83 million, led by global fixed income at S$415.82 million and Asia fixed income at S$278.79 million. /TISG Read also: Citi sees social finance funding in Asia growing 10% in 2025 as investor interest heats up
CNA
4 hours ago
- CNA
Behind-the-scenes look at what it takes to manage Singapore's skies
Changi Airport's Terminal 5 is set to open in the mid-2030s and the demand for air traffic controllers is expected to surge by 40 per cent. But what does it take to manage our skies? We take you inside the world of air traffic control.
