SINGAPORE: The Association of Banks in Singapore (ABS) said Tuesday that it welcomes the free pre-peak rail travel trial announced by the Land Transport Authority (LTA).
ABS highlighted that a number of the 16 designated stations support much of the financial industry, which has offices sited along the Shenton Way belt and around the Marina Bay financial district.
ABS said many companies in the financial industry already offer staggered work timings to support different financial operations, including off-peak shift timings or earlier start-times.
LTA's free travel pilot programme will support a larger number of financial sector workers who can opt for flexible working arrangements.
Chairman of the ABS Piyush Gupta said: "The government's announcement of the initiative to offer free pre-peak travel to the city will benefit the workforce in the financial sector. People are at the heart of banking and it is imperative that we provide a conducive work environment for them. The LTA initiative will encourage more workers to avail themselves of these arrangements, translating into greater employee engagement and productivity in the workplace."