SingPost completes strategic review; to reorganise business units and adopt new payout scheme
SINGAPORE Post’s (SingPost) board has approved five growth drivers or “strategic thrusts” to be executed over the next three years, including the...
FLCT to acquire 89.9% interest in 4 logistics assets in Germany from sponsor
FRASERS Logistics & Commercial Trust (FLCT) is acquiring an 89.9 per cent interest in four logistics assets in Germany from its sponsor...
Deglobalisation is still only a risk, not a reality: DHL
CONTRARY to the notion that the growth of global flows has gone into reverse in view of a series of global conflicts...
StorHub pumps US$300 million into Australian expansion plan, snaps up 5 assets
SINGAPORE-BASED self-storage operator StorHub is moving in on the Australian market, with the launch of StorHub Australia, backed by a US$300 million...
Australian pension fund buys Sydney airport site to build A$3.9 billion logistics hub
AUSTRALIAN pension fund UniSuper said on Wednesday (Mar 6) it had bought an undeveloped site next to Sydney’s planned new international airport...
S$15 million addition to Maritime Cluster Fund among moves to improve sector’s sustainability
A NEW pillar under Singapore’s Maritime Cluster Fund will co-fund sustainability efforts by companies, with S$15 million set aside until 2030.
Mapletree Logistics Trust to spend S$234 million on Malaysia, Vietnam Grade A warehouse acquisitions
MAPLETREE Logistics Trust (MLT) will snag three Grade A warehouses – one in Malaysia, and two in Vietnam – for RM558.8 million...
Singapore industrial: Strong growth prospects but no easy ride
THE Singapore industrial sector has been a standout performer in the real estate market. In the fourth quarter of 2023, industrial prices...
DroneDash, Aerodyne aim for world’s first cross-border drone delivery
TWO companies are working on a trial to send cargo between Singapore and Malaysia using unmanned aircraft that, if successful, could be...
New sustainability playbook, microsite can help logistics players go green
SINGAPORE’S logistics players who are keen to adopt green practices can now draw on step-by-step resources from a new sustainability playbook and...