Transport & Logistics
SingPost hit by $16.7m loss from e-commerce business
SingPost hit by $16.7m loss from e-commerce business
Projected breakeven has been pushed from 2020 to 2021 over "competitive pressures" in the US.
SingPost Q1 profits plummeted 40.4% to $18.72m
Its post & parcel and e-commerce segments performed poorly.
Singapore SMEs beat APAC counterparts in export earnings
Their average annual revenue hit US$1.75m which is higher than the APAC average.
Grab raises US$2b in recent funding round
Toyota was joined by investors like OppenheimerFunds and Ping An Capital for the round.
HDT Singapore Taxi secures operator licence from LTA
They will operate at least 800 e-taxis in 4 years.
Jardine Matheson Holdings H1 profits crashed 57% to US$928m
Jardine Pacific saw lower results from its restaurants and transport services.
Grab defends Uber merger amidst CCCS' monopoly verdict
They said that CCCS allowed other platforms to have exclusivity arrangements with their drivers too.
South Korean startup enters Singapore's ride-hailing scene
It is the first blockchain-based ride-hailing service in the world.
ComfortDelGro buys private bus chartering assets for $6.45m
The deal includes existing contracts, 72 buses, and associated drivers.
Grab halts rewards programme revamp over ‘customer unhappiness'
It changed its point policy and the perks of its membership tiers.
Mapletree Logistics Trust's net profit jumps 29.1% to $60.9m in Q2
Two Hong Kong acquisitions fueled its performance.
oBike's liquidators to hold meeting for creditors and users
They will provide updates on the company’s winding up.
LTA slams SMRT with $1.9m fine for fatal incidents in 2016 and 2017
Probes showed failure to follow operating procedures, resulting in two trainee deaths.
ComfortDelGro to test 2 fully-electric taxis that charge for 30 minutes
It aims to bring costs down to a third of the price of diesel.
Grab and NUS open $6m AI lab
They will utilise Grab data to solve mobility issues in Southeast Asia.
Japanese firm Toll Group launches $228m logistics hub in Singapore
The 1-million sq ft Toll City in Tuas is poised to be a gateway for the firm's Asia-Pacific operations.
Ryde launches on-demand private-hire car service
About 10,000 drivers are now in the platform after the launch of RydeX.
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