Transport & Logistics
Alibaba’s Cainiao to partner with Fairprice Group
The move is the first of a two-phase rollout to strengthen logistics services in Singapore.
Daily briefing: 6 new Thomson-East Coast Line stations; BTO flat buyers worry about long waits
And a homegrown SAAS platform for the F&B industry raises $6.5m in seed funding.
Hong Leong Asia sees 110% growth in PATMI
Higher diesel engine sales helped in this growth.
Vaccinated Travel Lanes to be implemented in Singapore
The pilot VTL arrangements will take place with Brunei and Germany.
ESR Cayman profit up 60% to $313.30m
The company also recorded $509.23m in EBITDA.
E-commerce growth boosts demand for logistics: UOB Kay Hian
FLCT focuses its expansion on the Asia Pacific and Europe, with a portfolio comprising 103 properties at $6.3b.
SIA launches Corporate Travel Programme
The program is aimed at large corporations.
Industrial sector bounces back with single-user factory transactions up by 214% HoH
The overall industrial price index jumped by 2.7% HoH in H1 2021.
Exports industry struggle amidst last month’s 6% expansion
The decline in electronics is seen as one of the culprits.
SIA continues recovery with net loss of $274m for Q1 2021
The value is an improvement over last year’s $763m.
ComfortDelGro to continue recovery with $134.6 EBIT
This is a 23x YoY increase from the previous year.
ComfortDelGro set to infiltrate Australian stock market
This is a result of a successful two-week roadshow that introduced the company to its investors.
ESR-REIT predicted to have favorable conditions for next two years
The company’s sponsorship by ESR Cayman and recent acquisition in asset management strengthen their portfolio
55% of Singapore consumers plan to purchase EVs
Environmental concern is the top reason for buying electric vehicles.
ESR enters co-investment agreement to form logistics platform in China
A total of $271.22m is under commitment from ESR.
SingPost to appoint Vincent Phang as CEO
The announcement is to take effect on 1 September.
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