More News

Transport & Logistics

Staff Reporter

, Singapore

Published:

13 years ago

CWT Commodities has no intention to sell firm

Company maintains independence despite news of planned sale of two warehousing firms' sale

Singapore-based CWT Commodities Pte Ltd, a unit of CWT, is not for sale and is expanding warehouse operations including another facility in the United States, an official said on Friday.

"We are doing well so we do not have intention to sell (the company). Our intention is to keep it independent," Jennifer Tan, the company's manager for London Metal Exchange operations, according to a Reuters report.

News of the planned sale of Italian-based Pacorini Group's metals warehousing unit to trading and mining giant Glencore International had fuelled speculation other warehousing firms may follow, traders said.

Also Read

SingPost transition lifts FY23/24 net profit to $81.5m

New bill passed to safeguard Singapore's transport sector

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Tan Tock Seng Hospital introduces flexible working shifts for nurses

The initiative allows nurses to have a mix of routine and flexible shifts.

Healthcare

1 day ago

UOB grants 30,400 shares to eligible non-executive directors

The share awards are part of the directors’ remuneration for 2023.

1 day ago

Riverstone logs 54.5% YoY net profit growth in Q124

This marks the fifth consecutive quarter of growth for the company.

Healthcare

1 day ago

OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76

Higher wealth management and insurance income pushed up fee income.

1 day ago

Exclusives

New guideline restricts rejections of flexible work arrangement requests to business factors

By December this year, employees whose requests were rejected based on bias can seek union aid.

HR & Education

Startup future-proofs coffee with bean-free alternative amidst climate crisis

Prefer transforms surplus ingredients like day-old bread, soybean pulp, and barley grains into bean-free coffee.

Food & Beverage

Industry boosts accounting appeal with new roles, education programmes

There has been a 10% decrease in accounting degree students at universities in Singapore.

Financial Services

20 Hottest Startups of 2024

Sustainability-focused startups dominated the list.

Markets & Investing

Event News

Wiseasy Technology earns a win in the Payments category at the SBR National Business Awards 2024

Co-Written / Partner

Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.

Energy & Offshore SBR Technology Excellence Awards 2024 Winner: Senoko Energy

Co-Written / Partner Rezeca Renewables takes home Energy category trophy at SBR National Business Awards 2024

Co-Written / Partner Infineum triumphs with Big Data - Chemicals win at SBR Technology Excellence Awards

Co-Written / Partner Wiseasy Technology earns a win in the Payments category at the SBR National Business Awards 2024

Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.