Latest news with #cross-border
Yahoo
4 days ago
- Business
- Yahoo
Singapore LTA holds off on approving cross-border e-hailing with Johor
While the idea of hopping into an e-hailing car to cross from Johor to Singapore may sound like a commuter's dream, it's not quite ready to hit the road. However, there have been talks about it. Singapore's Land Transport Authority (LTA) clarified on 3 Aug that although cross-border ride-hailing was floated during recent discussions, there are currently no plans to fully liberalise such services. This came after a bilateral meeting on 1 Aug between Singapore's Acting Transport Minister Jeffrey Siow and Johor Menteri Besar Datuk Onn Hafiz Ghazi, where various proposals to improve cross-border connectivity were explored. Among them was the notion of introducing cross-border e-hailing as a more flexible transport option. In a Facebook post, Datuk Onn Hafiz said the proposed service could reduce congestion, offer commuters more convenience, and create new income streams for local drivers. He added that the concept may also serve as a bridge between the two nations' public transport systems — a nod to both integration and innovation. However, Minister Siow was quick to temper expectations. In his own statement, he acknowledged that while ride-hailing was indeed part of the discussion, no decisions had been made. Instead, he reiterated Singapore's commitment to safeguarding the livelihoods of current drivers and platform workers, and cracking down on unauthorised cross-border services. Currently, cross-border travel by taxi is governed under the Cross-Border Taxi Scheme (CBTS), which allows up to 200 licensed taxis from each side to operate between designated pick-up points — Ban San Street Terminal in Singapore and Larkin Sentral in Johor Bahru. Also on the meeting's agenda: updates on the Rapid Transit System (RTS) Link, which is on track to begin operations in Jan 2027. Officials discussed everything from construction progress to fare structures and synchronising bus schedules. There are even proposals to start cross-border buses earlier than the current 5am roll-out to help untangle the morning gridlock at the Causeway. So while the idea of seamless ride-hailing across borders may still be parked at the curb, the conversation is certainly moving. And in the realm of transport diplomacy, that's a ride worth watching. New KL to JB ETS route delayed again — 2025 launch unlikely, no new date confirmed The post Singapore LTA holds off on approving cross-border e-hailing with Johor appeared first on
Yahoo
22-05-2025
- Business
- Yahoo
Cathie Wood's Ark Invest is Betting Big on TSMC
Cathie Wood's hedge fund Ark Invest purchased millions of shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in a trade on May 20. Ark Invest funds are snapping up TSMC stock, indicating a strategic shift towards this non-Nvidia chip stock. The Ark Innovation ETF bought 27,099 shares of TSM, while the Ark Next Generation Internet ETF acquired 17,172 TSM shares. The combined value of this trade is almost worth $8.4 million. A close up of a circuit board, its microchips creating a powerful computing system. Wood's funds are once again betting on the semiconductor maker after they began the sell-off of TSM shares in Q3 last year. This move comes as a reversal following some major developments in the past week. TSM's growing role in supplying top U.S. firms with AI and consumer electronics chips has caught the attention of investors. TSM's collaborations with chip designers such as Qualcomm reflect the growing demand and its integral part in the global AI chips supply chain. Following the easing of trade between the U.S. and China, investors see potential in TSM's cross-border manufacturing capabilities. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is involved in providing integrated circuit manufacturing services to leading chip designers. TSMC's integrated circuit manufacturing services include special process technology, process technology, mask technology, and silicon staking technology services, among others. Some of the top customers of TSMC's chips include Apple, Nvidia, AMD, Broadcom, Marvell, MediaTek, and Qualcomm. While we acknowledge the potential of TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
