SMRT Corp., Singapore’s biggest subway operator, will be fined the maximum S$2 million ($1.6 million) penalty for two service disruptions in December, the Land Transport Authority said.

Singapore will propose moving SMRT Corp., the city-state’s biggest subway operator, toward an asset-light business strategy, people with knowledge of the matter said. The government plans to ...

SINGAPORE, Jan 6 (Reuters) - Singapore subway operator ... the disruptions to train operations in December, and with the transition to new executive leadership," SMRT said in a statement.