Transport & Logistics
SMRT profits plunge 67.9% to $26m in 2017 amidst higher repair costs
SMRT profits plunge 67.9% to $26m in 2017 amidst higher repair costs
Preparing for the operations of Tuas West Extension also raised operating expenses.
ComfortDelGro left in limbo as Uber falls to Grab
The proposed $642m acquisition of LCR might be renegotiated.
Daily Briefing: Riders and drivers fear limited transport choices amidst Grab takeover; Grab set to snap Asia's food delivery business
And Frasers Property is partnering with a blockchain startup to bring the commercial leasing process online.
Higher fares and reduced subsidies loom as Grab nabs Uber's operations
Analysts believe that being in a monopolistic position, Grab can change fare structures in order to improve profitability.
Grab extends insurance policy to Uber drivers and riders after acquisition
It is now expecting faster pick-ups due to combined operations.
Grab acquires Uber's Southeast Asia operations
Uber will hold a 27.5% stake in Grab and have its CEO join the latter’s board.
Daily Briefing: Uber seals deal to sell SEA operations to Grab; Company openings to boost pharma sector
And CapitaLand joins a global investor to vie for Blackstone’s IT parks in India.
Chart of the Day: Taxi growth recovers amidst rental car declines
The growth of the rental car population dipped below zero in January 2018.
SMRT-backed startup eyes merging transport options in one app
Travel options range from e-scooters to driverless electric-driven pods that can connect commuters to trains.
Is the worst over for Singapore's taxi businesses?
The average mileage travelled by two-shift taxis has been growing again for five months.
Export-dependent SMEs fare the worst as 2017 profits nosedive 53.8%
The manufacturing slowdown and higher operating costs derailed its growth.
Uber unveils carpooling service
Rides will be 51% cheaper than UberX rates.
LTA rules will put the brakes on bike-sharing economy: oBike
But with no sign of the LTA back-peddling, this may mean Singapore has hit peak bike share. The proposed licensing of bike-sharing operations might...
Singapore to renew Bukit Panjang LRT for $344.25m
The 19-year-old light rail vehicles will be replaced whilst the two-year-old LRVs will be upgraded.
Jardine Matheson Holdings profit up 51.22% to $5b in 2017
Its profits from Mainland China grew 18% thanks to land and manufacturer acquisitions.
Jardine Strategic Holdings profit surged 49.17% to $10.84b in 2017
Jardine Matheson’s profit contribution rose to $491.04m or 4.5% of the total.
Chart of the Day: Industrial space supply to drop 50% from 2018 onwards
Supply is still coming from the warehouse and factory segment and will need time to be absorbed.
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