Transport & Logistics
Tan Chong posts HK$35.9m loss in H1 2024 as automotive sales drop sharply
Tan Chong posts HK$35.9m loss in H1 2024 as automotive sales drop sharply
It reversed its HK$126.9m net profit in H1 2023.
Singapore amongst top APAC countries for nearshore supply chain occupiers
It ranked 2nd in APAC, following Japan.
SingPost uses technology in shift to logistics
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
ST Engineering wins contract to supply PIS for 65 trains in Australia
The contract will end in Q1 2030.
SingPost’s Australia review could lead to M&A or future IPO
A partial stake sale may also be in the works, according to UOB Kay Hian.
LTA appoints Siemens Mobility to power 8th MRT system
The contract is worth approximately $400m (€270m).
Grab cuts losses by 54% to $68m in Q2 as adjusted EBITDA turns positive
Adjusted EBITA for the period rose to $64m.
ComfortDelGro’s PATMI rises 21.4% in H1 on strong revenue growth
Revenue for the period rose to $2.12b.
VICOM reports flat growth amidst intense competition in non-vehicle testing business
The company’s net profit attributable to shareholders increased by 1.3%.
Can eased taxi regulations reverse market decline?
Singapore extends taxi lifespan to 10 years and limits the frequency of inspections.
1 in 5 private residential condos to have EV charging points by end 2024
There are 13,800 registered EV charging points islandwide to date.
SMRT trains’ PAT plunges 82% YoY to $7.5m as costs surge
Higher electricity and staff costs offset the 8% YoY revenue increase.
ComfortDelGro and Pony.ai ink MoU on global robotaxi deployment
The partners will co-develop tailored safe and sustainable autonomous vehicle (AV) solutions.
KTC Civil Engineering bags $590m contract for CR19 Jurong Lake District station
It will begin construction work in the fourth quarter of 2024.
GetGo and Charge+ partner to offer shared EVs in Singapore condos
It targets equipping 100 condominiums with shared EVs and charging points by 2025.
Stellar Lifestyle launches Staytion Lifestyle Centre at Dhoby Ghaut MRT Station
It will offer various services in beauty and wellness for commuters.
SGP targets 52% Formula 1 emission cut by 2028
It will use green fuels like biodiesel and HVO generators to achieve its target.
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