SINGAPORE - The competition watchdog has given the green light to French train maker Alstom's US$7 billion buyout of Bombardier Transportation.
It found that there is likely to be"sufficient competition" following the acquisition, as a number of suppliers had taken part in tenders over the past 10 years, some with winning and participation rates higher than or equal to those of Alstom and Bombardier Transportation. The competition watchdog also found that Bombardier Transportation - a unit of Canadian firm Bombadier - has never won tenders to supply MRT signalling systems so does not have any share in this market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Straits Times @STcomTHE BIG STORY: 102 new Covid-19 cases reported on Aug 13 | 40,000 foreign workers given green light to resume construction work | Mahathir unveils new party name
Source: The Straits Times - 🏆 8. / 63 Read more »
How a Texas shale supplier's founders made fortunes as the firm failedOn July 7, the board of directors at Texas fracking sand supplier Hi-Crush granted nearly US$3 million in bonuses to four top executives, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Commentary: Let Singapore’s green spaces grow wildCOVID-19 has shown us how less manicured green spaces not only make Singapore more beautiful, but also more resilient, say Yun Hye Hwang and Sarah ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Green lanes for leisure travel seen helping Changi Airport regain some trafficSINGAPORE may consider introducing reciprocal green lanes at Changi Airport for tourists from countries where the Covid-19 situation is similar to or better than that in Singapore. This means leisure travellers from such a country will be exempted from having to serve a 14-day quarantine on arrival, and vice-versa. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
South African speakeasies boost calls for end to COVID-19 booze banJOHANNESBURG: In an Italian bistro in an upmarket Johannesburg neighbourhood, smiling patrons chat at candle-lit tables in a scene reminiscent of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
The Straits Times @STcomTHE BIG STORY: Zero community cases reported on Aug 14 | Leisure travel 'green lanes' can help Changi Airport rebound: Ong Ye Kung
Source: The Straits Times - 🏆 8. / 63 Read more »