Transport & Logistics
CLCT’s net property income rises 7.5% YoY in 9M22
CLCT’s net property income rises 7.5% YoY in 9M22
Its new economy portfolio drove the increase.
CapitaLand Investment enters joint venture to establish Asia-focused self-storage platform
The initial equity investment is worth $570m.
Joint funding to support startup innovation for MRT optimisation launched
The funding is around $500,000.
ComforDelGro tops transport benchmark for decarbonisation
This is due to its science-based targets and drives to increase low-carbon vehicle share.
ComfortDelGro Singapore rail ridership back at 88% pre-COVID-19 levels
The firm managed to raise the commission rate for app bookings to 5%.
How data is ensuring safer road travels for Grab’s fleet
By analysing driving behaviour, Grab can identify if their vehicles need maintenance work.
More than half of Singaporeans plan to switch to an e-vehicle
Currently, only 15% have made the switch.
SATS to acquire Worldwide Flight Services for $1.64b
The acquisition will be immediately financially accretive on a pro forma basis.
Focus on adopting other cleaner vehicle models not only EVs: analyst
Hybrids will also encourage gas stations to adapt to electric vehicles.
Infrastructure providers need to do more to address ‘range anxiety’ on EV adoption
Government subsidies are not enough to raise electric vehicles adoption.
Gov’t may consider an outright ban on fossil-fueled vehicle sales
The government said it will only cease new diesel car and taxi registrations.
Consumer price index up 7.5% in August
Transport prices were over 20% higher than a year ago.
Despite removal from STI, ComfortDelGro to get better share price performance
The analyst said ComfortDelGro will be saved by strong rail recovery.
Which properties will be affected as gov't adds new CRL lines?
Attractiveness for future housing areas will increase.
East Coast Integrated Depot is 75% complete: LTA
The depot will likely be completed in 2025.
LTA to build 6 underground train stations in Cross Island Line Phase 2
Construction works for the CRL2 will begin in 2023.
Gojek cuts cancellation grace period to 4 minutes
The new cancellation and waiting policy take effect on 26 September.
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