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NEWS

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How Changi Airport got to where it is today

IN March this year, Changi Airport clocked a record of handling one billion passenger movements since it started operations in 1981; we expect to handle 60 million passengers this year.

This, by any standard, is a sterling record because the numbers comprise only international passenger movements, as we don't have domestic flights. Changi Airport is today a world strategic air hub connecting ...more

Ascendas-Singbridge joins Firstspace to target India's industrial, logistics sector

Singapore

ASCENDAS-SINGBRIDGE Group and Indian industrial real estate specialist Firstspace Realty are working hand in hand to build logistics and industrial facilities in major warehousing and manufacturing hubs across India.

The joint venture Ascendas-Firstspace aims to meet the infrastructure needs of businesses in India tapping high-growth industrial verticals such as third-party ...more

Global aviation headed for better profits despite cost pressures

Cancun, Mexico

EVEN with cost pressures on the rise, the world's airlines are now expected to post better profits this year, buoyed by robust demand in the passenger and cargo sectors.

In its latest estimates on Monday, the International Air Transport Association (Iata) raised its 2017 profitability projection for the global airline industry from its previous estimation of US$29.8 ...more

Lazada moves warehouse to SingPost logistics hub

Online shopping platform Lazada Singapore has moved its warehouse operations to the SingPost Regional eCommerce Logistics Hub in Tampines in a bid to streamline its e-commerce and logistics efforts.

The move also signals Chinese tech titan Alibaba's growing ambitions to capture the South-east Asian consumer market, as both companies - Lazada and SingPost - have received significant investments ...more

Local e-commerce start-up Anchanto bags funding and deals

Rising home-grown e-commerce and logistics platform Anchanto has won fresh funding and partnership deals from two of Asia's leading e-commerce firms.

The deals will help Anchanto pursue its goal of becoming the top e-commerce selling and logistics platform in South-east Asia by 2019. The start-up declined to disclose exactly how much was raised but said it was in the "millions".

The ...more

25 awards given to airlines that helped grow S'pore air hub

Twenty-five awards were given out last night to airlines that contributed to the growth and development of the Singapore air hub over the past year, as part of the 12th annual Changi Airline Awards.

The ceremony, organised by Changi Airport Group (CAG) and held at The St Regis Singapore, was attended by Minister for Education (Schools) and Second Minister for Transport Ng Chee Meng.

The ...more

Changi's passenger traffic grows 4.7% in Q1 to 15 million

Changi Airport handled 15 million passengers in the first quarter of 2017, a 4.7 per cent jump compared with the corresponding period last year.

China accounted for about 10 per cent of total passenger movement during this period, Changi Airport Group (CAG) said in a media release yesterday.

Aircraft movement in the quarter rose 2 per cent year-on-year to 90,540, while airfreight ...more

Faster processing of parcels with Changi's e-Commerce AirHub

Online shoppers can expect a shorter wait for their items with the opening of a $21 million facility at Changi Airport where products shipped from overseas are automatically scanned, sorted and immediately handed to SingPost for delivery.

In the past, these standard postage items were manually scanned and sorted, said ground handler Sats.

With the latest technology and automation ...more

SATS unveils S$21m e-commerce airhub

Singapore

CONSUMERS can expect overseas packages to arrive sooner with the opening of SATS' new eCommerce AirHub.

The S$21 million facility, which was officially opened on Thursday, will enhance Changi's e-commerce mail-sorting capability by more than three times, supporting the growing e-commerce market. It will also reduce the processing time by half - from six hours to three. This ...more

Agility buys fifth warehouse in Singapore for S$25.5 million

Singapore

KUWAIT- and Dubai-listed global logistics firm Agility has acquired a fifth warehouse in Singapore for S$25.5 million.

Agility said on Tuesday that with the acquisition of the warehouse, which gives the firm more than 600,000 sq ft of warehouse space in Singapore, more services will be offered to its customers.

Services include automated quality inspections, a container-management ...more

Tight cost control key for SIA in weak-yield environment

A WEAK yield environment seems to be par for the course for airlines in the region these days.

Singapore Airlines (SIA), for one, is still facing overcapacity as it heads towards the tail-end of its financial year ending March 31, 2017. This persistent challenge is putting downward pressure on yields. Adding to the headwinds are uncertain global economy and geopolitical concerns, which weigh ...more

Air cargo market delivers steady growth

The global air cargo market showed steady growth in demand at the start of this year, according to new data from the International Air Transport Association (Iata) .

Demand, measured in freight tonne kilometres, rose 6.9 per cent in January from a year earlier. This was down from the 10 per cent annual growth recorded last December, but it was still well above the average annual growth rate ...more

Logistics sector first to tap Attach and Train scheme

The logistics sector will be the first to see a new Attach and Train scheme in which workers can join companies for training attachments without the companies having to hire them.

The scheme, which is part of the broader Professional Conversion Programme aimed at helping professionals, managers, executives and technicians (PMETs) switch careers, will "convert PMETs ahead of job placement", ...more

Logistics start-up delivers on last-mile innovation

Start-up Ninja Van took logistics here to the next level, with technology that allows more efficient last-mile deliveries. Businesses on its cloud platform can use the spare capacity of other fleets to fulfil deliveries. The company - co-founded by (clockwise from top of van) Mr Tan Boxian, Mr Shaun Chong and Mr Lai Chang Wen - was yesterday cited by Finance Minister Heng Swee Keat in Parliament as ...more

Analysts embrace SingPost's e-commerce goals despite impairment risk

Singapore

ONLY last month, a Deutsche Bank research report on Singapore Post with the sweetest word in stock speak - a "buy" call - had reckoned that the postal company was unlikely to make "significant" impairments "unless assumptions vetted by auditors are wrong or business deteriorates significantly".

Those assumptions turned into biting reality late last Friday after SingPost ...more
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