The Business Times
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
Zeekr electric vehicles on display at the Singapore Motorshow 2026.

Government rejects call for shorter COE renewal tenures

Shorter COE renewal duration will amplify peak and trough of cycles, says Acting Minister for Transport Jeffrey Siow

Chinese luxury car brand Hongqi has launched the E-HS9, an EV that could cost around S$500,000.

China brands go upmarket as Japan mounts EV charge at Singapore Motorshow

Models from Chinese carmakers priced from S$500,000 debut; Toyota and Honda officially introduce electric vehicles

pixgeneric/ST20250820_202556100724/Ng Sor Luan/Generic photo of premium electronic vehicles at Zeekr, a car showroom at Leng Kee Road, on Aug 20, 2025. For stories on EV SUVs, transport, COE and more.

Mainstream car COE premium down nearly 7% as big car category ticks up 3.5%

Results in the latest bidding round are mixed; premium for commercial vehicles dips, while motorcycle and Open categories rise

The premium for commercial vehicles and buses increased 0.7 per cent to S$77,003

Mainstream car COE premium climbs 3.9%, but large car category slides 7.1%

The focus on Category A comes as brands strive for sales in the last bidding round of 2025

Autobahn Rent A Car office at Mountbatten on Nov 26, 2025. Car-sharing company Shariot is among nine related companies that have about $180 million in debt, according to Mr Roy Tan, the majority shareholder of the firms.

Autobahn Rent A Car suspends its business; gives up fight for protection from creditors

This means its creditors including DBS, OCBC, UOB can continue claims or writs of asset seizure and sale

Private hire car rental company Lumens said it ended lease contracts early for some drivers that abused fuel incentives provided.

Private-hire car rental company Lumens ends leases early for around 100 drivers

The company says some were abusing petrol subsidies with claims as high as S$2,700 a month

Generic photos for stories related to SGX, SGX-Nasdaq dual-listing bridge as well as broadening investor participation and boosting trading activity.

Incredible Holdings announces possible reverse takeover by Hong Kong AI company

Cambridge Artificial Intelligence and Incredible Holdings have entered a non-binding MOU to explore the transaction

Marina at Keppel Bay, which will be acquired by SUTL Enterprise in 2026 for S$40 million.

SUTL Enterprise to acquire Marina at Keppel Bay for S$40 million

Acquisition will be completed in second half of 2026, making the company the largest owner-operator of integrated marinas in Singapore

Six drivers will be charged in court for exceeding the speed limits of their heavy vehicles.

Six drivers to be charged over speeding involving heavy commercial vehicles in Singapore

Offenders, including drivers of buses and cement mixers, were caught between August and October this year

The Autobahn Rent A Car group, which was mainly involved in private-hire car rentals and fleet management, has debts of more than S$370 million.

Autobahn Rent A Car group appeals dismissed moratorium, reveals potential SGX listco investor

The group also files for a new six-week interim moratorium to facilitate investment negotiations

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