Market highlights

  1. SingPost is integrating its SingPost eCommerce unit with leading US-based TradeGlobal, which it recently acquired, and Jagged Peak to launch SP Commerce to expand its American operations.
  2. Logistics player GKE has signed a memorandum of understanding with Hung Lin Holding to sell its 49 per cent stake in GKE Metal Logistics for $4.2 million.
  3. CosmoSteel expects a loss for for the quarter ended Dec 31, mainly due to lower revenue generated on the back of sluggish market conditions which are insufficient to cover the fixed operating costs.
  4. SGX-listed MS Holdings has signed a deal to develop an 11,000 sq m site in west Jakarta. The project will comprise residential towers and commercial space with a Singapore garden-city theme.
  5. Thakral announced that Mr Jaginder Singh Pasricha, its managing director, investments & corporate, died on Jan 16. He was appointed to the board on Sept 2, 2008.
A version of this article appeared in the print edition of The Straits Times on January 19, 2016, with the headline 'Market highlights'. Print Edition | Subscribe