Transport & Logistics
Offer to take LHN Logistics private closes with 99.14% acceptances
Offer to take LHN Logistics private closes with 99.14% acceptances
Following the close of the offer, LHN Logistics will be delisted from the Catalist Board of SGX-ST.
Singapore dominates other SEA markets in cross-border e-commerce trade
Its total export is at $625b (US$457b).
StorHub bags $180m sustainability-linked loan
It is Asia’s first sustainability-linked loan in the self-storage sector.
SingPost to accept FedEx parcels in trial period
It will accept e-commerce dedicated parcels.
Gov’t to inject $2.4b raised from first sovereign green bond to rail network expansion
The government has already allocated 30% of the funds raised.
LTA and NEA impose two-year extension for EV incentives
The electric vehicle (EV) early adoption incentive (EEAI) scheme was extended.
COE prices for Category A vehicles now at $105,000
The quota for Category A cars went up by $4,000.
DSV and LOGOS launch new built-to-suit warehouse in Tukang Innovation Drive
The firm will invest $200m into the 720,000-square-feet facility.
SingPost to impose higher postage rates in October
The rate for standard regular mail will increase by 20 cents to 51 cents.
7% fare hike to hit bus and train commuters in SG
In tandem, PTC required SBS Transit and SMRT to make larger contributions to the Public Transport Fund.
P2P structure, regulatory framework under review
The Land Transport Authority said its review will focus on three objectives.
Labour shortage continues to strain SG's transport and logistics sector
Job vacancy rate in the sectors has become 2.4x higher than pre-COVID.
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.
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