Transport & Logistics
New Jurong Town Hall Bus Interchange opens November 26
In tandem with the opening, LTA will also introduce a new bus service.
New Jurong Town Hall Bus Interchange opens November 26
In tandem with the opening, LTA will also introduce a new bus service.
SingPost’s Australian unit acquires Border Express for $183m
The ongoing purchase will propel its revenue to S$1b.
China Tobacco discontinues Hengde Logistics Phase 1 lease: EC World Reit
The lease has a term from 5 October 2020 to 31 December 2023.
LTA completes upgrade of North-South and East-West lines
As part of the upgrade, LTA replaced more than 1,100 track circuits.
Mapletree Logistics Trust posts 0.9% YoY higher DPU of $0.02268 in 2QFY23/24
The REIT attributed the increase to contributions from acquisitions and divestment gains.
Hyundai Motor Group Innovation Centre SG looks into cell-based manufacturing
It plans to initially deploy its digital transformation in Singapore before moving globally.
LTA to kick off installation of on-board units under ERP 2.0 system on Nov 1
The agency expects to complete installation by the end of 2025.
DHL Supply Chain invests $506.3m for Southeast Asia expansion
This will include the development of two new facilities in Singapore.
Grab Rentals’ acquisition of Trans-cab still under review - CCCS
The acquisition has not been cleared of competition concerns.
Singapore may consider carsharing for EVs amidst pricey COEs – expert
It is a practical way of using EVs sans purchasing vehicles with pricey COE.
Expert cites four reasons why EV fuel costs will decline over time
Vanadium Redox Flow Batteries integration in charging stations may help defray prices.
Owning a car is not a status symbol for Gen Z and Millennials
Due to evolving consumer-preferences, mobility service companies are revamping their car-leasing services.
Floral startup invests $850,000 for EV delivery fleet
This will reduce their carbon footprint and cater to eco-conscious customers.
Acting transport minister to parliament: Delayed fair hike won’t disappear magically
He said we can’t assume that future fare increases will stop without consequences.
LTA awards two civil contracts for CRL Phase 2 project
The contracts are worth $961m.
Offer to take LHN Logistics private closes with 99.14% acceptances
Following the close of the offer, LHN Logistics will be delisted from the Catalist Board of SGX-ST.
Singapore dominates other SEA markets in cross-border e-commerce trade
Its total export is at $625b (US$457b).
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