The Business Times
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Derryn Wong

Derryn Wong

CORRESPONDENT

BT’s transport correspondent has covered the automotive industry for more than 15 years and now also reports on mobility, aviation and shipping. If it moves people or things, he’s interested and even more interested if it does so faster, better and cleaner.

emailderrynwong@sph.com.sg
Marco Beltgens, assistant vice-president of global franchising for the Asia-Pacific at Enterprise Mobility, with Charmain Kwee, group executive director of Eurokars Group.

Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore

US company Enterprise Mobility is the franchisor; services are to start in the CBD and western Singapore in October

SBS Transit and partner French transport operator RATP Dev previously won a contract for the Jurong Regional Line.
HOT STOCK

SBS Transit shares rally past S$4 on bumper dividend, stronger cash flow visibility

Analysts say the expected total dividend of nearly S$0.50 per share implies a 14.4% yield

Rolls-Royce declined to comment on the cost of each Project Nightingale car, but industry estimates indicate a price of at least £10 million (S$17.1 million).

Rolls-Royce unveils EV flagship of new bespoke line as demand for exclusive cars hits record

Project Nightingale is the first in a series of low-volume, ultra-luxury automobiles

Authorities say there has been no impact to port operations at the terminal.

Fire breaks out on Evergreen container vessel at PSA Pasir Panjang Terminal

No injuries reported as a container on cargo vessel Ever Lenient catches fire

Katrina Group has 20 restaurants in Singapore under six brands, which include Bali Thai.

Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern

This hinges on liabilities exceeding assets by S$18.4 million as well as litigation brought by the Urban Redevelopment Authority

The BYD T35 was launched in Singapore on Mar 26. A fully electric truck, it is classified as a heavy goods vehicle and is eligible for S$40,000 of incentives.

Singapore’s adoption of electric heavy vehicles up 10 times on incentives; diesel spikes fuel further interest

But range and cost of charging infrastructure remain barriers, industry observers say

The Category B premium is up 4.7% or S$5,432 at S$121,000.

Strong demand drives COE spike as mainstream car premium hits S$118,000, commercial vehicles at S$80,001

Stock clearing by legacy brands and continued demand for EVs prompt healthy sales

Sam Goi, executive chairman of Tee Yih Jia and PSC Corporation.

SIC to take no further action against Popiah King Sam Goi on breach of takeover code

Goi says he misunderstood the provisions of the code; the council is also factoring in his cooperation and remedial actions

Moving forward, Malaysian automotive platform Carsome will hold the remaining 51% of CarTimes Capital.

MUFG affiliate Jaccs acquires 49% of Singapore’s CarTimes Capital as part of regional expansion

This follows a similar move in Malaysia last year as Jaccs increases its automotive footprint in South-east Asia to six markets

Singaporean automotive executive Soh Wei Ming and the BeyonCa GT Opus 1. .

S'porean auto exec Soh Wei Ming’s EV brand BeyonCa ceases operations

China-based luxury EV maker has reportedly ceased operations and left employees unpaid

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