Transport & Logistics
SBS Transit’s net profit up 1.8% YoY to $70.3m in 2024 on more passengers
SBS Transit’s net profit up 1.8% YoY to $70.3m in 2024 on more passengers
Operating costs rose 2.5%, whilst EBTIDA fell 4.3%.
SingPost to hold EGM for Australia business divestment
The EGM will be on 13 March 2025.
ComfortDelGro’s VICOM net profit up 6.1% in 2024
The group’s revenue also grew by 6.8%
SingPost operating profit falls 23.8% to $21.1m
Operating expenses outpaced its revenue growth.
LTA imposes 3-year lock-in period for business-owned chauffeured private hire cars
This aims to achieve a more stable supply of vehicles that can be used to provide ride-hailing services.
Grab revenue climbs 19% for full-year 2024
This was attributed to a 16% increase in total sales from rides and deliveries.
Ryde eyes more tie-ups as part of ‘green’ push
The Singaporean ride-hailing company is set to sign deals with two more EV companies.
SingPost appoints former SGX and SIA Engineering executives as IDs
This is part of the company's ongoing board renewal process
SG’s logistics rents fall by 6.2% in H2 2024
It remained unchanged year-on-year.
FedEx expands day-definite service to Singapore
The company operates these in markets like China, Hong Kong SAR, and Japan.
SingPost CEO resigns
The group COO will assume more responsibility for the group.
SATS’ WFS expands with Menzies World Cargo acquisition in Netherlands
The acquisition will expand WFS’ warehouse capacity to more than 50,000 sq m at Amsterdam’s Schiphol Airport.
ComfortDelGro’s taxi competition to offset rail gains in Q4 2024
Its public transport segment is set to grow with fare hikes, contract renewals, and higher rail ridership.
Salt Investments buys 60% stake in TT Oil for $6m
The issue price per purchase consideration share is at $0.0035.
Mapletree Logistics Trust divests two properties in Malaysia
Following the divestment, MLT’s portfolio stands at 181 properties.
Mapletree enters UK with Derby logistics hub buy
It also expanded its Spain portfolio.
Grab contributes $5.2b to Singapore's economy in 2023
Merchant-partners on the GrabFood and GrabMart platforms contributed $900m through their sales, whilst driver and delivery partners accounted for $3...
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