Daily Briefing: SingPost apologises for ex-employee throwing mail; Singapore to cut toll fees at Second Link

And here are three things you need to know about Mapletree Industrial Trust’s business.

From Yahoo! News:

SingPost has apologised for the actions of one of its former mailmen, who was caught by a member of the public discarding mail at a condominium.

According to a Marketing Interactive report on Monday (12 February), a SingPost spokesperson said the company does not condone such behaviour and that the mailman involved has since been dismissed.

“SingPost thanks the member of the public for bringing this to our attention, and we would like to apologise to the residents of the estate for the service lapse,” the spokesperson added.

Read more here.

From The Motley Fool:

In late January, Mapletree Industrial Trust (SGX: ME8U) released its third quarter results for its fiscal year ending 31 March 2018 (FY17/18). As a quick introduction, Mapletree Industrial Trust is a REIT with 85 industrial properties in Singapore, and 14 data centres in the US (through a 40%-owned joint venture).

The Manager of Mapletree Industrial Trust had given a presentation on the REIT’s latest results. In the presentation deck, I saw three slides on the REIT’s business that I think investors should pay attention to.

Read more here.

From Yahoo! News:

Singapore will follow Malaysia’s move to reduce toll charges at the Second Link in a bid to relieve traffic congestion at the Causeway, the Land Transport Authority (LTA) said on Friday (9 Feb).

The new tolls, which take effect from 1 April 2018, will reduce charges by more than 85% for all vehicles except motorcycles passing through Tuas Checkpoint during the off-peak hours of 10 a.m. to 3 p.m. and 11 p.m. to 5 a.m. daily.

LTA will also revise the peak period tolls “to adjust for changes in exchange rates since the tolls were last set in 2010”, it said.

Read more here.