Transport & Logistics
SMRT to invest S$300mln for fleet expansion in 2012
SMRT to invest S$300mln for fleet expansion in 2012
The acquisition of 17 new trains is part of the huge capex the transportation services company will undertake next year.
SingPost FY11 net profit down 2.4%
The company's earnings shrunk to S$161.0mln despite a 7.7% rise in revenue to S$565.5mln.
ComfortDelGro invests $31.2mn in third driving school in China
CD has acquired a new site in Liangjjang New Business District, Western China to establish its third driving school.
Mapletree scores third property in Korea
The acquisition of Iljuk Gyeonggo Centre from Iljuk Gyeonggo Logistics was for a consideration of $25.5 million.
Singapore Airlines to raise fuel fee
Singapore Airlines Ltd. will raise fuel surcharges for its flights after jet fuel prices increased more than 30 percent since the beginning of the...
Iskandar-Singapore Rapid Transport system link gets go ahead
Additional cross border bus services between Singapore and Iskandar Malaysia have been approved and are being implemented.
SMRT CFO Lim Cheng Cheng resigns
The CFO and Executive Vice President's resignation is the fourth senior level departure since last November.
Mapletree Logistics acquired Hiroshima Centre for $114.2mn
The major logistics centre in the Chugoku region has a total GFA of abour 43,600 sq m.
Changi Airport sees 3.4M passengers sent off in February
Changi Airport saw 3.4 million passengers pass through in February. This is a 9.1 per cent increase from the same period last year and is attributed...
DHL partners with Singapore Airlines to deliver in-flight amenities
DHL will manage the global transportation of all in-flight amenities from Singapore Airlines to all of its network destinations and offices in the...
ComfortDelGro aims to gain 70% revenue from overseas venture
Phillip Securities Research reported, CDG expects to counter challenges in Singapore land transport market by exploring business abroad.
DHL named Mark Lau as first global head of retail sector business
Mark Lau was promoted to pioneer Singapore-based role as DHL Global Forwarding restructures consumer sector worldwide.
DHL appoints Chris Bresnahan as Head of Network Operations
Chris Bresnahan, who will be based in Singapore, has been promoted into the critical role of operations head for Asia Pacific, Eastern Europe, Middle...
31% of Singaporeans commuted to work by MRT in 2010
However, those who used the public bus to commute to work declined from 25 percent to 19 percent.
SIA revises pay cut offer for rehired pilots
Singapore Airlines has accepted the Ministry of Manpower's proposal to use the 'effective mid-point' of the pilots' salary band as the base salary...
Asia Pacific contract logistics seen to drive growth in Singapore's manufacturing sector
Singapore’s contract logistics business is expected to grow faster than that in most of its Southeast Asian neighbors.
ComfortDelGro full year profit up 4.1% to $228.5mn
Group revenue would have increased by 6.8% to $3.26 billion if not for the negative foreign currency translation effect as its overseas revenue...
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