Transport & Logistics
China’s economic recovery to foster Singapore’s NODX growth in 2024
US+ASEAN economic indicators and interest rates amongst factors that condition NODX momentum.
China’s economic recovery to foster Singapore’s NODX growth in 2024
US+ASEAN economic indicators and interest rates amongst factors that condition NODX momentum.
ComfortDelGro’s net profit soars 54.5% YoY to $49.9m in 3Q23
Quarter-on-quarter, net profit rose by 9.2%.
LTA unit, NTT DATA to deploy EV charging points across Singapore
Around 2,000 EV chargers will be deployed by 2025.
Grab cuts losses by 71% in Q323
Loss for the quarter narrowed to $99m.
Lylo elevates short term car rental services with care packages, delivery option
The company assures that renting a car in Singapore comes with convenience and peace of mind.
LTA increases COE quota for November 2023-January 2024 period
The agency will reallocate an additional 1,614 COEs to the quota for the period.
Does Singapore have enough EV charging infrastructure?
Globally, the sharing ratio is 9.6.
New Jurong Town Hall Bus Interchange opens November 26
In tandem with the opening, LTA will also introduce a new bus service.
SingPost’s Australian unit acquires Border Express for $183m
The ongoing purchase will propel its revenue to S$1b.
China Tobacco discontinues Hengde Logistics Phase 1 lease: EC World Reit
The lease has a term from 5 October 2020 to 31 December 2023.
LTA completes upgrade of North-South and East-West lines
As part of the upgrade, LTA replaced more than 1,100 track circuits.
Mapletree Logistics Trust posts 0.9% YoY higher DPU of $0.02268 in 2QFY23/24
The REIT attributed the increase to contributions from acquisitions and divestment gains.
Hyundai Motor Group Innovation Centre SG looks into cell-based manufacturing
It plans to initially deploy its digital transformation in Singapore before moving globally.
LTA to kick off installation of on-board units under ERP 2.0 system on Nov 1
The agency expects to complete installation by the end of 2025.
DHL Supply Chain invests $506.3m for Southeast Asia expansion
This will include the development of two new facilities in Singapore.
Grab Rentals’ acquisition of Trans-cab still under review - CCCS
The acquisition has not been cleared of competition concerns.
Singapore may consider carsharing for EVs amidst pricey COEs – expert
It is a practical way of using EVs sans purchasing vehicles with pricey COE.
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