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Two firms to deepen cooperation in Belt and Road investments

Supply chain management company YCH Group and e-commerce logistics services firm Forchn Holdings announced last Friday that they have signed a memorandum of understanding to deepen cooperation in investment opportunities along the Belt and Road Initiative (BRI) corridor. Under the partnership, YCH and Shanghai-based Forchn said they would explore the joint launch of a US$150 million (S$198 million) BRI Logistics Real Estate Private Equity Fund...


SATS reports uptick in Q3 profit despite challenging environment

SATS on Tuesday reported a small uptick in its fiscal third-quarter earnings to S$66.6 million, from S$65.1 million the year before. The ground handler and in-flight catering service provider said its revenue dipped 0.2 per cent year-on-year to S$439.8 million in the three months ended Dec 31, 2017, from S$440.9 million a year ago. SATS said revenue from its food solutions businesses fell 2.5 per cent to S$240.4 million. Revenue from gateway...


Biennial event opens amid roaring travel demand

THE biennial Singapore Airshow returns this week as the aviation industry gears up to ride on growing passenger traffic and disruptive technologies. Aside from bringing together buyers and sellers, Asia's largest aerospace and defence event will also offer a platform for industry heavy-hitters, senior government officials and military chiefs to explore emerging trends and tackle some of the major headwinds facing the sector. Stressing the growing...


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