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The cost savings were derived from the reduction in the amount of licence fees, reduction in the processing time of licences and the time-savings by applicants who now do not need to travel and queue up physically and complete multiple application forms that ask for similar information. Users have given the OBLS an 80% positive feedback rating.
The ticketing system is developed based on the Contactless e-Purse Application standard. The Symphony for e-payment (SeP) is the backend processing and clearing system for public transit. [ 21 ] SeP allows any smart card that complies with the CEPAS standard to be used within the system and a wide variety of payment applications.
Singapore was the first city in the world to implement an electronic road toll collection system for purposes of congestion pricing. [6] Its use has inspired other cities around the world in adopting a similar system, particularly London 's Congestion Charge Zone (CCZ) , Stockholm 's congestion tax , [ 7 ] and New York City 's Central Business ...
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
A survey conducted by Infocomm Development Authority of Singapore indicated that 78% of households own computers at home and 7 in 10 households have Internet access (2006). [21] The CIA's The World Factbook reports that Singapore has 2.422 million Internet users (2005) and 898,762 Internet hosts (2006). [22] Country code (Top level domain): SG
System Map, including lines under construction. This is a list of all stations on the Mass Rapid Transit (MRT) system in Singapore. [1] As of 2024, the Singapore MRT has approximately 242.6 km (150.7 mi) of system length spread across six operational lines, the 19th highest in the world.
In fact, more than 8.5 million customers signed up for OSAs with leading U.S. banks in 2005 alone, and some industry experts estimated the online savings account market would triple in size, from $250 billion to $400 billion by 2010. [1] [2]
The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. [2] It is one of the "Big Three" local banks in Singapore, along with Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank ...