SINGAPORE - Given the uncertainty over how travel demand patterns will evolve amid the Covid-19 pandemic, the Land Transport Authority will continue with its current cap on vehicle population growth.
The current growth cap - at 0.25 per cent per annum for commercial vehicles and zero per cent for all others - was due to expire by the end of this certificate of entitlement quota year in January 2021. But the LTA said on Thursday that it will continue with the growth cap until Jan 31, 2022. It said the growth rates ensure that"our vehicle population growth is tempered and supports the development of a sustainable and liveable environment for Singaporeans".
It added that the extension of the current vehicle growth rates will not have any impact on the supply of COEs, as the COE quota is determined largely by the number of vehicle deregistrations.
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.
Amazon expands Project Zero to more countries including SingaporeE-commerce giant Amazon has expanded its anti-counterfeit programme Project Zero to seven more countries including Singapore, as part of an ongoing effort to fight the sale of counterfeit products on its platform. Brands or owners of trademarks registered in the countries...
Source: thenewpaper - 🏆 7. / 63 Read more »
Birmingham 2022 scraps athletes' village plan due to COVID impactLONDON: Organisers of the 2022 Birmingham Commonwealth Games have scrapped plans for a single athletes' village due to the impact of the global ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Cricket: Dhoni's IPL team expects him to play until 2022Mahendra Singh Dhoni's Indian Premier League (IPL) team expects him to play until the 2022 edition of the Twenty20 league even as speculation is ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Football: Asia's World Cup qualifiers postponed to 2021 due to COVID-19Qualifying matches in Asia for the 2022 Qatar World Cup and the 2023 Asian Cup have been postponed for next year due to the coronavirus pandemic, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia's World Cup qualifiers postponed for 2021 - statementQualifying matches in Asia for the 2022 Qatar World Cup and the 2023 Asian Cup have been postponed for next year due to the coronavirus pandemic, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Amazon expands Project Zero to more countries including SingaporeE-commerce giant Amazon has expanded its anti-counterfeit programme Project Zero to seven more countries including Singapore, as part of an ongoing effort to fight the sale of counterfeit products on its platform. Brands or owners of trademarks registered in the countries...
Source: thenewpaper - 🏆 7. / 63 Read more »