Transport & Logistics
Grab lays off 1,000 jobs: report
This represents 11% of its workforce.
SingPost net profit drops 70.3% in 2023
Its profit stood at S$24.6m in the financial year ended 31 March.
Grab co-founder Tan Hooi Ling to step down from operating roles
She will be transitioning into an advisory role.
Three critical risks for ComfortDelGro amidst expected H2 improved earnings
Overseas operations and a rise in ridership will drive the transport business.
Grab's revenue more than doubles to $525m in Q1
The company's loss for the period recovered 43% YoY to $250m.
ComfortDelGro’s profit falls to $32.8m in Q123
In Q122, the company recorded a profit of $76.1m.
LTA calls for tenders to appoint operators for JRL and CRL
The tenderers will operate and maintain it for the first licencing period of nine years.
ST Engineering, NTU launch Singapore's first EV park and charge system
The system would benefit EV owners and address the problem of using multiple parking and charging platforms.
Upward trend of COE prices seen due to rising earnings and ‘zero vehicle’
In April, COE prices for Category A cars went up by $7,503.
LTA to increase COE quota of non-electric cars to 10,431
The adjustment would expand the total quota to 10,431.
New fare formula to balance affordable rates and public transport’s financial stability
The government considered inflation and ridership patterns in the adjustment.
City Energy, Gentari to co-install EV chargers on their networks
Gentari is the second Malaysian company that City Energy worked with for EV charging.
Tesla SG cuts Model Y, Model 3 prices up to 5%
Buyers can have a Rear Wheel Drive Model 3 for $75,990.
ST Engineering secures $200m ISCS contract for SG Cross Island Line
The company will provide the system for 21 underground stations.
Strides Taxi, Premier Taxis to merge as Strides Premier
The merger will benefit SG drivers' and passengers' long-term interests.
Prime logistics rent rises 3.7% QoQ in Q1
It recorded the strongest rental growth for the quarter.
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