Transport & Logistics
Singapore Post sells pawn broking unit
Singapore Post sells pawn broking unit
Divestment will allow its resources to focus on other strategic opportunities like regional logistics and e-commerce.
Tiger Airways Q3 net profit up 60%
Tiger Airways' net profit rose 60 percent due to stronger passenger volumes and higher average passenger fares.
Fine, provisions send Singapore Airlines Q3 net down
Singapore Airlines reported a lower third quarter net profit.
SingPost third quarter profit flat at $43.8mn
The group gained from the increase in business and e-commerce logistics activities that boosted its mail and logistics revenues.
Singapore Post appoints new CEOs
Ng Hin Lee and Dr Wolfgang Baier have been appointed as CEO (Postal and Corporate Services) and CEO (International) respectively.
Transport and storage services total value added down 20% in 2009
While total operating receipts generated by the transport and storage services industry is 16.2% lower compared with 2008.
Water transport services profitability ratio down 12.7% in 2009
Earnings-Expenditure Ratio of the transport and storage services industry decreased to 16.4% in 2009 from 21.1% in 2008.
ST Electronics vows to speed up fare collection in Thai trains
The subgroup of ST Engineering will supply Bangkok’s Sukhumvit Train Line with an Automatic Fare Collection System (AFCS) and will be used in five...
SingPost sees service delays in the US behind security measures
The company advises customers to post their items earlier, especially on holiday season.
ComfortDelGro third quarter profit up 10.4% to $61mln
Revenue increased 5.2% to $823.4mln with increases coming from almost all business segments as overseas businesses accounted for 42.5% of total...
SingPost second quarter profit down 2.5% to S$39.5mln
The Group’s total expenses up 10.3% to S$104.1mln even as its revenue surged 5.6% to S$137.6mln.
ComfortDelGro offer declared unconditional
All conditions in the Bidders Statement have been fulfilled and the compulsory acquisition process for Swan Taxis will begin.
Singapore to invest $44bln to double rail network
Present rail network not enough for Singapore's growing population currently at around 5mln.
Chasen Holdings bagged RMB60 mln worth of relocation projects
Relocation specialist expands in Nanjing and Beijing, China with two joint ventures.
Marco Polo Marine snaps US$15.5 mln shipment contract
The integrated marine logistics group will take charge of the shipment of coal from Sumatra, Indonesia to West Malaysia.
UPS appoints Greg Carstens Managing Director UPS Singapore
Experience in Asian operations including leadership during Thailand and Myanmar crisis times earned him post.
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