
Daily Briefing: Singapore to test self-driving public transit vehicles; Singapore set to ease as currency faces Asia crisis rerun
And here’s the deal on halted sales of VW diesel cars in Singapore.
Singapore’s Land Transport Authority (LTA), the government agency responsible for the city-state’s mass transit infrastructure, today announced it plans to begin testing of self-driving vehicles in Singapore in the second half of 2016. According to a Facebook post, it has received eight national and international proposals on how self-driving vehicle technology can be put to work on public transportation services. Read more here.
Singapore’s central bank is poised to ease monetary policy for the second time in 2015 in an effort to revive dwindling growth, economists predict. The Monetary Authority of Singapore, which manages the economy through guiding the currency rather than setting interest rates, will boost stimulus when it meets Wednesday, according to 16 of 25 economists surveyed by Bloomberg. Find out more here.
Volkswagen said Monday it is recalling 1,950 diesel vehicles in China to change engine software it has admitted cheats on emissions tests and Singapore suspended sales of the company's diesel cars. Read more here.