Transport & Logistics
Midas’ railway investments plunge 54% to RMB35b in August
Midas’ railway investments plunge 54% to RMB35b in August
It’s share price has come off 7% since August, as it continues to be weighed down by negative news flows in September.
ComfortDelGro to incur losses before reaping rewards of DTL
Analyst pointed out that it took the North East Line three years before becoming profitable.
Keppel T&T expands with first port project in China
The company has signed a joint venture agreement with Sinotrans to operate a river port along Yangtze River, which is a major trade route in China.
Circle Line 4 and 5 to commence operations on October 8
Both stages will complete CCL after almost 10 years of anticipation since the awarding of the operating license to SMRT.
SingPost to set up joint venture in Hong Kong
The company will be taking up a 50% stake in the JV called vPOST Hong Kong.
Are Singaporeans becoming reckless road hogs?
Drivers in Singapore are continuing to engage in reckless driving behaviours due to poor time management and lack of route planning, says a survey.
Super Roadster
Throughout its production history, the SLK has been wowing the market with radical innovations. For example, in its first generation in 1996, the SLK...
Sorry SMRT but you’ve just lost millions to ComfortDelGro
Although an actual yield projection is not yet determined, the Down Town Line (DTL) could achieve a shorter breakeven period and ramp up ridership...
Derailed: SMRT loses Downtown Line tender
LTA had dismissed speculation that SMRT's recent security breach had affected its bid.
On track: ComfortDelGro’s subsidiary clinches Downtown Line contract
The Downtown Line is projected to have daily ridership of more than 500k upon full completion in 2017.
Part of Bencoolen Street to be closed for two years
The closure will be between Prinsep Link and Bras Basah Road for the construction of Bencoolen DTL3 station.
Serangoon Bus Interchange to open 3 September
The $18.8m air-conditioned bus interchange is directly linked to the Circle Line and North East Line Serangoon MRT stations via nex.
LTA to close Kaki Bukit Avenue 1 from 28 August
This is to facilitate the construction of Kaki Bukit Downtown Line 3 station located below Kaki Bukit Avenue 1.
Beat it, road hogs! Singapore wins international award for road safety
LTA received the Edmund Ricker Transportation Safety Council Award for its efforts in improving road safety in Singapore.
On track: Midas Holdings’ Q2 earnings up 15% to RMB63m
And metro and export wins could bolster Midas’ current RMB1.1bn order book.
Macroeconomic factors to put brakes on Asia Pac’s transport sector
Higher oil prices, such as the 46% increase in jet fuel prices, have lowered companies' profitability.
ComfortDelGro’s net profit up 2.9% to $59.9m in Q2 2011
And 37% of its $843m revenue came from overseas bus operations.
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