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IN THE NEWS

A delivery-tracking app that arose from logistics hell

DELIVERY tracking system company Detrack Systems Pte Ltd owes its origins to a florist and a league of anxious boyfriends. Company founders Dason Goh and Fanny See used to own a business selling flowers online. Then came a hellish Valentine's Day when orders - unsurprisingly - spiked, and the duo found themselves fielding calls from beaus who kept calling to ask where their orders were, afraid tha...


ST Aerospace revamps aircraft leasing business

ST Aerospace Resources (STA Resources) and Wings Capital Partners Holdings have terminated their joint venture, boutique aircraft leasing company WingStar, due to differing views on the strategic focus and operational plans, said Singapore Technologies Engineering (ST Engineering). STA Resources is a wholly owned subsidiary of ST Aerospace, the aerospace arm of ST Engineering. WingStar was set up...


Tiong Woon full-year profit falls 46%

TIONG Woon Corporation, an engineering and marine transportation company listed on the mainboard, reported on Tuesday a 46 per cent slump in its net profit for the fiscal year ended June 30 to S$12 million as revenue and margins took a hit. Revenue slipped 12 per cent to S$145.7 million due to an overall decline in business activities across all its business segments given a challenging operating...


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