Transport & Logistics
ComfortdelGro H1 profits fell 12.7% to $141.3m
ComfortdelGro H1 profits fell 12.7% to $141.3m
Its taxi fleet revenue slipped 12% to $184.7m due to smaller operation.
11 defective trains repaired and returned to Singapore
They are part of the 26 trains shipped back to China for repairs.
Small car COE premium hits $33,798
Open COE premiums also rose to $33,420.
ComfortDelGro buys Australian bus operator for $111.1m
It also bought depot sites for $24.77m.
ComfortdelGro rolls out on-demand seat booking for their buses
It will allow multiple passenger bookings and store regular pick-up and drop-off points.
SingPost hit by $16.7m loss from e-commerce business
Projected breakeven has been pushed from 2020 to 2021 over "competitive pressures" in the US.
SingPost Q1 profits plummeted 40.4% to $18.72m
Its post & parcel and e-commerce segments performed poorly.
Singapore SMEs beat APAC counterparts in export earnings
Their average annual revenue hit US$1.75m which is higher than the APAC average.
Grab raises US$2b in recent funding round
Toyota was joined by investors like OppenheimerFunds and Ping An Capital for the round.
HDT Singapore Taxi secures operator licence from LTA
They will operate at least 800 e-taxis in 4 years.
Jardine Matheson Holdings H1 profits crashed 57% to US$928m
Jardine Pacific saw lower results from its restaurants and transport services.
Grab defends Uber merger amidst CCCS' monopoly verdict
They said that CCCS allowed other platforms to have exclusivity arrangements with their drivers too.
South Korean startup enters Singapore's ride-hailing scene
It is the first blockchain-based ride-hailing service in the world.
ComfortDelGro buys private bus chartering assets for $6.45m
The deal includes existing contracts, 72 buses, and associated drivers.
Grab halts rewards programme revamp over ‘customer unhappiness'
It changed its point policy and the perks of its membership tiers.
Mapletree Logistics Trust's net profit jumps 29.1% to $60.9m in Q2
Two Hong Kong acquisitions fueled its performance.
oBike's liquidators to hold meeting for creditors and users
They will provide updates on the company’s winding up.
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