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Transport & Logistics

Daily briefing: When population growth outpaces infrastructure plans

279 reads

Singapore admits it needs to better manage infrastructure provision. Read ››

Midas International crosses fingers for Ministry of Railway contracts

177 reads

Two main upstream customers will benefit most. Should China's Ministry of Railway start handing out new high-speed rail contracts, as Chinese media are reporting, to Southern Railway (CSR) and China Northern Railway (CNR), Midas’s two main upstream customers, Midas is well-positioned to score the trickle-down contract wins. Read ››

Daily briefing: DTL's budget balloons to $20.7b

259 reads

Find out why and what other stories are causing buzz. Read ››

Daily briefing: Defiant boy says parents are 'big people'

273 reads

Find out what else are causing a ruckus online. Read ››

ComfortDelGro to face intense pressures overseas

166 reads

All eyes on Sydney, New South Wales and China. According to OCBC, ComfortDelGro (CD) should end the year on a good note given the manageable operating expenses. Read ››

ComfortDelgro's bus and taxi outperform but rail disappoints

172 reads

Rail EBIT plunged 63% YoY. Nomura notes that the bus segment outperformed expectations on the EBIT level as it saw strong growth coming in from the UK (up 6% y-y) and lower-than- expected losses in Singapore (down 7% y-y) as well-placed fuel hedges helped achieve lower fuel cost. Read ››

Daily ridership for North East Line up 5.3% to 457,000

148 reads

ComfortDelGro's rail business revenues grew to $35m. According to a release, ComfortDelGro's revenue from the rail business in the third quarter increased by 1.6% to $35 million on continued ridership growth. Read ››

ComfortDelGro Bus' revenue in Singapore falls 11.9% to $5.9m in 3Q12

149 reads

Blame it on fewer contract and ad hoc jobs. According to a company statement, ComfortDelGro Corporation’s revenue for the three months ended 30 September 2012 increased by $23.8 million, or 2.7% year-on-year, to a record $900.8 million on broad-based growth. Read ››

Kreuz Holdings' net profit up 77% to US$10.4m

99 reads

Revenues increased to US$45.5m. In a release, Kreuz Holdings, an integrated subsea service provider for the oil and gas industry, reported that the Group’s revenue increased 33.6% to US$45.5 million for the three months ended September 30, 2012 as compared to US$34.1 million in the previous corresponding period (“3Q2011”). Read ››

5 reasons why ComfortDelGro's bus and rail earnings dropped 41%

394 reads

SBS Transit disappoints in 3Q12. According to Barclays, SBS Transit, a 75%-owned subsidiary of ComfortDelgro (CD SP), released its 3Q12 results after the market close on 9 Nov. Read ››

ComfortDelGro unit inks deal with Guangzhou Transportation

158 reads

It will now be Guangzhou Transportation ComfortDelGro Taxi. According to an SGX release, ComfortDelGro Corporation Limited is pleased to announce that its wholly-owned subsidiary, Chengdu ComfortDelGro Taxi Co., Ltd, has entered into a joint venture with Guangzhou Transportation Group Co., Ltd to form Guangzhou Transportation ComfortDelGro Taxi Co., Ltd (“JVCo”). Read ››

Fears of higher staff costs escalate for SMRT

344 reads

The 700-head target entails downsides. According to CIMB, SMRT expects staff costs to rise from current levels due to higher headcount and wage inflation. Read ››

Bidding for car registration numbers kicks into gear

267 reads

Minimum bid must be $1000. According to an LTA release, bidding for car registration numbers 1 to 9999 in the SKJ series will start from 8.00 am on 10 November 2012 (Saturday) and end at 12 noon on 17 November 2012 (Saturday). Read ››

New Service 116 bus route to be unveiled 18 November

768 reads

It will link Serangoon and Hougang. In an LTA release, it was announced that from Sunday, 18 November 2012, a new bus route - Service 116 - will be launched to provide commuters with better connectivity between Serangoon Central and Hougang Central. Read ››

SMRT adds wheelchair accessible buses on 6 more routes

179 reads

The new routes connect passengers to MRT and LRT. In a press release, SMRT said that to better serve passengers in wheelchairs, from 15 November 2012, it will introduce Wheelchair Accessible Bus (WAB) services on six more service routes: Service 167, 859, 860, 966, 980 and 985. Read ››

Daily briefing: Taxi driver had right of way in Ferrari crash

318 reads

Find out what other stories are causing buzz. Read ››

SMRT's operating costs to outstrip ridership growth

252 reads

Plus higher staff costs, repair and maintenance. According to DBS, 2Q13 within expectations. Read ››

SMRT still burdened with bleak bus business

188 reads

Operating profits were dragged down by 157%. According to Maybank Kim Eng, 1HFY3/13 results, dividend cut in line with our forecasts. Read ››

LTA unveils upgrade plans for Sengkang Punggol LRT

335 reads

It will be a 2-car system. According to a release, the Land Transport Authority (LTA) will upgrade the Sengkang Punggol LRT to a 2-car system to increase its capacity and to provide a higher level of commuter service. Read ››

Daily briefing: It's all about public transport

225 reads

Here are the stories from around the web that Singaporeans are talking about. Read ››

Bleak outlook for SingPost bottom line: Maybank

281 reads

"Not likely to see significant growth". Here's more from Maybank Kim Eng: Decent results as expected. Read ››

SingPost's 8 acquisitions feared to be futile

337 reads

The dangers of not having a controlling stake. According to DBS, costs continue to outpace revenue growth. Read ››

See where SingPost failed in its cash count

283 reads

There's a loophole in the 7.3% profit rise. According to a release, SingPost Group revenue grew 9.1% to S$153.7 million in Q2 FY2012/13, with growth in all business segments. Read ››

LTA raised ERP rates for 6 granties

264 reads

New rates apply on Nov 5. The Land Transport Authority (LTA) has completed its quarterly review of traffic conditions on Electronic Road Pricing (ERP)-priced roads and expressways, and will be revising the ERP rates at the following gantries: The revised rates will apply from Monday, 5 November 2012. Read ››

Keppel T&T, Jilin City Government kicks off Logistics Park project

170 reads

It will be the only one serving Food Zone. According to a release, Keppel Telecommunications & Transportation Ltd (Keppel T&T) and the Jilin City Government have commenced work for their joint venture project, Sino-Singapore Jilin Food Zone International Logistics Park, in Jilin City, Jilin Province, China. Read ››

Daily briefing: Work-life balance in Singapore, first hearing in $3.4m lawsuit against SMRT and LTA

352 reads

Here are the stories from around the web that Singaporeans are talking about including an inspiring video. Read ››

Daily briefing: It's all about SMRT woes

293 reads

Here are the stories from around the web that Singaporeans are talking about including fastfood ads. Read ››

NOL breaks seven-quarter loss streak, signals sector turnaround

448 reads

Get ready for a shipping rebound. Here's more from Maybank Kim Eng: Read ››

Oct 25 SMRT service disruption affected 10,500 passengers

315 reads

SMRT Circle Line back to full operation today. SMRT on their website announced that passengers affected by disruption on 25 Oct 2012 can seek a refund at SMRT MRT stations within next 14 days. Read ››

Susan Chow Woo Mo Fong resigns as Hutchison Port Holdings Trust Alternate Director

222 reads

Her resignation was prompted by compliance with provision of the Code of Corporate Governance 2012. Read ››

SMRT's new boss: 'My past military leadership experience will find its way to my new role'

900 reads

CEO Demond Kuek highlights 4 key thrusts to chart SMRT a new start. Read ››

SingPost acquires additional shares in associated company

229 reads

The company’s shareholding in GDEX will increase from 27.08% to 27.41%. Read ››

Local car portal offers stress-free ways for buyers to get rid of financial worries

15519 reads

sgCarMart Connect bills itself as Singapore's first one-stop online auto transaction plan for your car needs. Read ››

SMRT extends train, bus service hours on Hari Raya Haji eve

216 reads

These will be rolling out until 1:35 a.m. In a release, SMRT announced that its trains (North-South, East-West and Circle Lines) and selected buses will be running later on the eve of Hari Raya Haji on Thursday, 25 October through 1.35am on Friday, 26 October. Read ››

Mapletree Logistics Trust shifts asset acquisition focus to China, South Korea

162 reads

Less purchases will come from Japan moving forward. Here's more from Maybank Kim Eng: Read ››

Can you imagine an iPad/iPhone controlling your car?

Peter Loh
BY PETER LOH
516 reads

We have seen the proliferation of mobile computing and its impact on our daily lives, so much so that at times one wonders if it has encroached upon our privacy. Read ››

LTA to close slip road from Jalan Buroh to Penjuru Road

114 reads

The closing will be on 20 to 22 October for road repair works. Read ››

GKE Corporation subsidiaries struck off

137 reads

Van der Horst Biodiesel, VDH-UR Plantations, and Van der Horst Enzyme had been dormant. Read ››

Tampines Expressway temporarily closed on 20 October

114 reads

Closure is due to the launching of widening project for TPE bridge. Read ››

LTA to gear up installation of noise barrers

137 reads

Tampines, Jurong East, and Toh Guan will benefit from this project. Read ››