History
Singapore Bus Service (SBS) was initially formed in 1973 with the merger of three private bus companies. The government-sanctioned merger was undertaken to improve service standards of the bus transport system.
With the shift towards the creation of multi-modal transport companies, Singapore Bus Service Ltd changed its name to DelGro Corporation Limited in November 1997. Bus operations were hived-off to a fully owned subsidiary called Singapore Bus Services Limited, which was separately listed on the Singapore Exchange.
In November 2001, Singapore Bus Services Limited was renamed as SBS Transit Limited when the company formally became a multi-modal transport operator with the impending opening of the Sengkang LRT Line.
Read more about this topic: SBS Transit
Famous quotes containing the word history:
“Only the history of free peoples is worth our attention; the history of men under a despotism is merely a collection of anecdotes.”
—Sébastien-Roch Nicolas De Chamfort (1741–1794)
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
—John Dos Passos (1896–1970)
“All history is a record of the power of minorities, and of minorities of one.”
—Ralph Waldo Emerson (1803–1882)