Transport & Logistics
SBS Transit’s net profit rises 1.5% YoY to $69.1m in FY23
With improved profit, the company recorded a 1.6% higher earnings per share.
SBS Transit’s net profit rises 1.5% YoY to $69.1m in FY23
With improved profit, the company recorded a 1.6% higher earnings per share.
Grab bounces back with US$11m profit in 4Q23
In 3Q23, the company recorded a loss of US$391m ($524.8m).
Aerodyne Group, DroneDash Technologies partner for cross-border drone delivery
Initial focus will be on delivery routes to Johor Bahru and Iskandar Malaysia.
Hong Kong draws on Singapore for modern, green port development
Smart logistics is an area of collaboration Hong Kong intends to push with Singapore.
ComfortDelGro unit acquires UK-based CMAC Group for $135.4m
CMAC is a ground transport management and accommodation network specialist.
Hong Kong to enhance trade and logistics with new action plan
Strategy aims for greener, smarter port development.
LTA needs $40m to extend the system running adult EZ-Link cards to 2030
The CBT system for adult commuters will reach end-of-life in 2024.
Tanah Merah Ferry Terminal to undergo a $20m revamp
Singapore Cruise Centre will carry out upgrade works from January to December 2024.
LTA awards $480m contract for design and construction of Maju station, tunnels under CRL2
KTC Civil Engineering & Construction bagged the civil contract.
CCCS begins in-depth review of Grab’s proposed acquisition of Trans-cab
The review ensures that the acquisition will not raise competition concerns.
Mapletree Logistics to divest 4-storey cargo lift warehouse for $16.8m
The divestment is set to be completed in FY23/24.
ComfortDelGro JV wins contract to operate Stockholm Metro
The contract has a term of 11 years.
LTA extends card-based ticketing system as SimplyGo undergoes enhancement
SimplyGo users can exchange their cards for CBT cards for free.
Johor Bahru-Singapore RTS Link project marks progress with connecting span completion
The connecting span is 17.1 metres long.
Fr8Labs takes the lead in digitalising freight forwarding systems in Asia
Tech-driven Fr8Labs secures $1.9M (US1.5m) to streamline freight forwarding through digital solutions.
NETS to replace FlashPay Cards with Prepaid Cards
NETS FlashPay Cards can be exchanged for NETS Prepaid Cards at any 44 SimplyGo Ticket Offices.
Latest COE bidding results in declines in 4 categories
The exercise received a total of 3,303 bids.
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