Domestic logistics sector inefficient, says Tharman
Singapore
A SYSTEM of nationwide parcel lockers that must be "interoperable" by different market players will be rolled out "by next year" and the government is also exploring using autonomous vehicles to transport goods in the longer term, Deputy Prime Minister Tharman Shanmugaratnam said on Tuesday morning.
At the opening of Singapore Post's S$182 million regional e-commerce logistics hub in Tampines Logistics Park, Mr Tharman, who is also Coordinating Minister for Economic and Social Policies, said the domestic logistics sector was inefficient.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
Singapore shares open lower on Friday; STI down 0.1%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Roku’s warning on ad-supported streaming competition clouds upbeat earnings