- 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.
- 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.
- 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.
- 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.
- 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.