Transport & Logistics
Singapore to renew Bukit Panjang LRT for $344.25m
Singapore to renew Bukit Panjang LRT for $344.25m
The 19-year-old light rail vehicles will be replaced whilst the two-year-old LRVs will be upgraded.
Jardine Matheson Holdings profit up 51.22% to $5b in 2017
Its profits from Mainland China grew 18% thanks to land and manufacturer acquisitions.
Jardine Strategic Holdings profit surged 49.17% to $10.84b in 2017
Jardine Matheson’s profit contribution rose to $491.04m or 4.5% of the total.
Chart of the Day: Industrial space supply to drop 50% from 2018 onwards
Supply is still coming from the warehouse and factory segment and will need time to be absorbed.
SingPost eyes building e-commerce platform
It inked a deal with Y Ventures to collaborate on e-commerce and logistics technology.
Jardine Cycle & Carriage profits up 16% to $1.07b in 2017
Astra’s contribution to the profit rose 28% YoY to US$641m.
SBS Transit to operate 18 Bukit Merah bus services
It plans to place a driving behaviour monitor on about 330 buses in the package.
Tax hike to accelerate auto sales in Japan by 8.7%
Consumers and firms will likely take advantage of lower vehicle prices this year.
COE prices fell across all categories in February
Premiums for motorcycles dipped the lowest by 9.3% to $7,667.
Auto sales to slam the brakes as riders turn to Uber
Commercial and passenger vehicle registrations are forecast to plunge by 20% and 6.5% respectively.
Competition watchdog rejects Uber-ComfortDelGro joint venture
The Competition Commission of Singapore listed 10 issues that require further in-depth assessment.
Frasers Property to buy $467.7m logistics assets in Germany and Austria
It will grow the company’s property portfolio in Europe to $2.6b.
Oxley-led group selected as preferred bidder for Myanmar rail project
It will work on a 25.7-hectare mixed use development.
ComfortDelGro rides on public transport to buoy revenue growth
The Seletar bus package's contributions will kick in starting March.
ComfortDelGro's profit dipped 4.9% to $301.5m in 2017
This was due to a 2.2% decline in revenue.
Daily Briefing: SingPost apologises for ex-employee throwing mail; Singapore to cut toll fees at Second Link
And here are three things you need to know about Mapletree Industrial Trust’s business.
SBS Transit's full-year profits leap 50.3% to $47.13m
Revenue from public transport services rose 9.8% to $1.14b.
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