Transport & Logistics
Industrial prices to grow between 5%-7% in 2022 amidst growing demand
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.
Cromwell EREIT acquires third logistics asset in the UK for $31.8m
The property is 100% let to UK 3PL company, Kammac Limited.
Higher air freight rates to drag Singapore Post’s profits
FY22-24 PATMI estimates for SPOST were lowered by 5%-7%.
Taxi segment to drive ComfortDelGro’s 2022 profit higher: analyst
UOB Kay Hian expects CD’s taxi business to post a 149% YoY increase in operating profit.
Frasers Logistics acquires property in the UK for $171.7m
The property has a total lettable area of 667,185 square feet.
China reopening only ‘temporary relief’ to trade
Consumer spending in late 2022 will be impacted by price hikes.
Five women industry leaders join GrabAds
The executives will help connect advertisers in Southeast Asia.
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