tibs holdings

Trans-Island Bus Services (TIBS) was incorporated on May 31, 1982 after the Singapore government proposed the formation of another bus service company to compete with SBS in 1981. TIBS began its services on April 3, 1982 with 37 buses plying two routes. Its buses were coloured distinctly in pale beige with yellow and orange lines. It expanded its services into other housing estates gradually with the formation of newer estates then. In addition to its regular buses, it also operates the unique Bendy Buses. On March 12, 1987, TIBS acquired Singapore Shuttle Bus Pte Ltd, a bus operator with limited routes serving mainly the city area. The next day, on March 13, TIBS became a public listed company on SESDAQ. On May 2, 1990, TIBS Taxis Pte Ltd, a subsidiary of TIBS, was formed to operate taxi services. It is the only company in Singapore to operate a fleet of entirely large capacity taxis. It also operates the world-famous London taxis. Another subsidiary, TIBS Motors Pte Ltd, was set up in 1990 to provide workshop services and carry out business as a distributor and agent for some motor vehicles. In 1991, TIBS underwent a restructuring, bringing its subsidiaries under TIBS Holdings Ltd. In 2001, it merged with Singapore MRT and became a subsidiary of the SMRT Corporation. On May 10, 2004, the name "TIBS" was changed to SMRT Buses (bus services) and SMRT Taxis (taxi services).

Tibs Holdings

See also