S’pore shares inch up

SINGAPORE, May 22 (Reuters): Singapore shares eked out small gains on Thursday, with transport stocks seeing mixed trading after authorities announced on Wednesday sweeping changes to the public bus services.
The benchmark Straits Times Index was higher 0.2 per cent at 3,257.34 by 0434 GMT, with inertia from earlier in the week dragging on trading volume. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.1 per cent.
Singapore's Land Transport Authority announced on Wednesday a major overhaul of the public bus industry, where the government will own the buses and appoint operators.