Transport & Logistics
SingPost to impose higher postage rates in October
SingPost to impose higher postage rates in October
The rate for standard regular mail will increase by 20 cents to 51 cents.
7% fare hike to hit bus and train commuters in SG
In tandem, PTC required SBS Transit and SMRT to make larger contributions to the Public Transport Fund.
P2P structure, regulatory framework under review
The Land Transport Authority said its review will focus on three objectives.
Labour shortage continues to strain SG's transport and logistics sector
Job vacancy rate in the sectors has become 2.4x higher than pre-COVID.
SATS adds Sustenir Group’s executive chairman to its board
Pier Sigismondi will serve as an independent non-executive director of SATS.
MPA seeks proposal for electric harbour craft charging points pilot trial
The chosen proposal will be implemented for two years and can be extended for a year.
Tommy Tan steps up as CEO of ComfortDelGro Taxi
He will succeed Jackson Chia.
Grab cuts losses to $148m in 2Q23
The figure translates to a 74% YoY improvement.
ComfortDelGro moves dividend payment date to 31 August
The company adjusted the payment date in light of the Presidential Elections.
ERP rates up $1 in 28 August to decongest traffic
ERP rates will be increased by $1 starting 28 August 2023.
How SingPost will survive the downward trend of e-commerce volume
UOBKayHian said the trend will improve in the medium term.
Broker’s advice on ComfortDelGro investment after losing the second bus bid
ComfortDelGro remains robust with a decent dividend yield.
SBS Transit bags Bukit Merah Bus Package operation
The five-year contract will start in April 2024.
Seatrium commits support for subsidiary’s bond payment obligations
The interest rate margin has lowered since 18 August.
SingPost profit up 11.8% to $11.9m
The group is seeking to raise its postage rates to better cover cost of operations.
SGX-listed Eneco Energy to secure a stake in the Hoe Heng Group of Companies
EEL entered into deals to secure a 48% stake in HHPL.
Competition commission seeks feedback on Grab's proposed Trans-cab acquisition
The public may submit their feedback until 25 August at 5 pm.
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