Transport & Logistics
Ryde to launch $200m IPO
The riding app has appointed SAC Capital as financial advisor for the IPO to be listed through Catalist.
Neuron Mobility expands operations to Seoul
The company will deploy 2,000 Korean-spec e-scooters.
SBS appoints new CEO
Cheng Siak Kian has been the acting CEO since March 2020.
ComfortDelGro recovery underway: analysts
The group recorded a net profit of $61.8m for 2020.
Mapletree Logistics Trust to acquire five South Korea logistics properties
The proposed acquisition is priced at $334.8m.
EDB, ESG reveal Southeast Asia Manufacturing Alliance
It will give SMEs and suppliers connections to manufacturers in member industrial parks.
Daily Briefing: Construction of Jurong East Integrated Transport Hub to commence in Q2; OrderEZ lands $500,000 seed funding
And Robert Downey Jr’s venture fund invests in SG biotech startup RWDC.
Keppel Capital launches China logistics property fund
Its initial commitment is at around $288.8m (RMB1.4b).
Grab closes upsized US$2b term loan
The term loan is said to be the largest in the Asian technology sector.
AfA rolls out first driverless bus service in Singapore
The pilot programme is expected to end on 30 April.
LTA awards $34.3m contract for Downtown Line's Hume station
It covers the construction of an entrance, ventilation shaft, and fitting-out works.
TribeCar launches Super Economy car rental
Car rental will cost as little as $0.50 per hour.
Grab unlikely to break even until 2022
The company registered a negative EBITDA in 2019, and is expected to do the same in its 2020 results.
Singapore strengthens maritime sector COVID-19 regulations
Two new cases were recorded on 30 and 31 December 2020.
Investment firm Chasen secures $8.2m contracts in China, SEA
The new projects build on the momentum of Chasen’s business recovery.
Competitive intensity to decline for taxi industry: analyst
After years of disruption from ride-hailing apps, things may be about to finally settle for Singapore's taxis. The competitive intensity in Singapore...