Transport & Logistics
SATS adds Sustenir Group’s executive chairman to its board
Pier Sigismondi will serve as an independent non-executive director of SATS.
SATS adds Sustenir Group’s executive chairman to its board
Pier Sigismondi will serve as an independent non-executive director of SATS.
MPA seeks proposal for electric harbour craft charging points pilot trial
The chosen proposal will be implemented for two years and can be extended for a year.
Tommy Tan steps up as CEO of ComfortDelGro Taxi
He will succeed Jackson Chia.
Grab cuts losses to $148m in 2Q23
The figure translates to a 74% YoY improvement.
ComfortDelGro moves dividend payment date to 31 August
The company adjusted the payment date in light of the Presidential Elections.
ERP rates up $1 in 28 August to decongest traffic
ERP rates will be increased by $1 starting 28 August 2023.
How SingPost will survive the downward trend of e-commerce volume
UOBKayHian said the trend will improve in the medium term.
Broker’s advice on ComfortDelGro investment after losing the second bus bid
ComfortDelGro remains robust with a decent dividend yield.
SBS Transit bags Bukit Merah Bus Package operation
The five-year contract will start in April 2024.
Seatrium commits support for subsidiary’s bond payment obligations
The interest rate margin has lowered since 18 August.
SingPost profit up 11.8% to $11.9m
The group is seeking to raise its postage rates to better cover cost of operations.
SGX-listed Eneco Energy to secure a stake in the Hoe Heng Group of Companies
EEL entered into deals to secure a 48% stake in HHPL.
Competition commission seeks feedback on Grab's proposed Trans-cab acquisition
The public may submit their feedback until 25 August at 5 pm.
SBS Transit registers 1.6% revenue growth, higher energy prices hike operating costs
Operating profit showed a 16.1% fall to $6.9m.
ComfortDelGro profit down 31.5% to S$117.2m in H1, but earnings better than H2
A one-off gain from the Alperton property disposal in 2022 led to the difference.
Singapore launches 1st smart, clean-energy powered service stations
The service stations are located in Tampines, Pasir Ris, and Lakeview.
SingPost sees integrated 4PL platform and AI to reshape e-commerce logistics
SingPost’s logistics capabilities contribute 70% of its $1.9b revenue, according to CEO of International Business Li Yu.
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