Transport & Logistics
SingPost operational profit plunges by 46.7%
SingPost operational profit plunges by 46.7%
The group’s total revenue went up by 34.7% because of other business segments.
11 stations along Thomson-East Coast Line Phase 3 to be operational by yearend
The stations have been handed over to SMRT by the LTA.
Exports post slower growth in July due to low demand in China
It rose to 7.0% in July from 8.5% in June.
SingPost consulting advisors to defend itself in arbitration case
This after the accuser recently filed his statement of claim in the case.
Keppel O&M acquires $3.9b FPSO vessel contract from Brazil oil firm
The vessel is targeted to be completed in over four years.
Chart of the day: Grab brand reputation falls after grace waiting period shave
Brand satisfaction fell by 14 points from 27.4 to 13 last 1 August.
Industrial prices to grow between 5%-7% in 2022 amidst growing demand
Macroeconomic uncertainties are pushing industrialists to diversify locations.
Industrial rents and prices grow for the 7th consecutive quarter
Both grew by 1.5% QoQ.
Jardine C&C underlying profit up 51% YoY to US$533m in H1 2022
This is supported by the higher contributions for Astra and THACO.
CLCT’s net income jumps 15.9% YoY to $139.5m in H122
The increase was due to strong contributions from CLCT’s business parks and logistics assets.
Prime logistics posts highest rental growth amongst industrial segments in Q2
Rents for the segment rose 7.0% YoY and 2.7% QoQ.
ComfortDelGro to acquire GoBus operator for $17.52m
The acquisition will make the company the third largest inter-city coach operator in Ireland.
Tesla kicks off first mass-market electric SUV in Singapore
Model Y and Model Y Performance will begin delivery next month.
Grab rolls out intercity bus travel service between SG and Malaysia
Users will now be able to purchase bus and ferry tickets in the app.
Attention passengers! Waiting time for Grab rides up to 3 minutes only
Customers will pay $3 per five-minute waiting block.
Why is Grab lagging behind its super-app competitors?
Grab's share price has fallen 78% since 3Q 21.
Industrial property market leasing declines 34.1% QoQ in Q2
The total number of leases for the quarter was 2,077.
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