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Retail Asia08/11/2023

Freight Management Holdings or FMH, a subsidiary of Singapore Post, has entered into a conditional sale and purchase agreement with the shareholders of Border Express, for a maximum purchase consideration of A$210 million, or approximately S$183 million. Border Express is considered the 6th largest national transport and distribution services company in Australia with comprehensive freight […]

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Retail Asia09/08/2023

Singapore Post announced dividends in May as the group posted a record revenue of S$1.9 billion for the financial year 2022/2023, with the international business contributing around 90 percent of the total. In an unpredictable market environment, SingPost’s logistics unit contributed 90 percent of the total operating profit, serving as a buffer for the decline […]

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Retail Asia11/08/2020

Today, fast-growing logistics technology company Shippit, announced a new partnership with Singapore Post (SingPost), Singapore’s leading homegrown e-Commerce courier. The deal allows Shippit to empower small and medium-sized enterprises (SMEs) to scale by providing them with instant access to more delivery options — including packages to be delivered directly to Pick Own Parcel Station (POPStations) […]

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Retail Asia13/03/2019

The resurgence of e-commerce in Southeast Asia has helped mitigate the decline in postal mail volumes, but it has also raised last-mile delivery challenges. To address this, Singapore Post (SingPost) is looking to build up its network and offer more options for consumers to receive and send packages. Established more than 160 years ago, SingPost […]

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Retail Asia16/10/2018

AXA Insurance and Singapore Post Limited (SingPost) have announced the launch of a pilot for AXA@POST Virtual Assist, a digital sales advisory service that virtually connects SingPost customers with AXA Financial Consultants who can provide high quality advice and services. This is the first advisory service in Singapore that provides financial advice to customers remotely, coupled with […]

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Retail Asia15/05/2018

Singapore Post (SingPost) swung back into the black for its fiscal fourth quarter, booking profit of $23.9 million in the absence of one-off impairment charges in the corresponding period last year. Revenue for the three months to March 31 was also up 13.5 per cent to $367.5 million on growth in e-commerce-related activities across its […]

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Retail Asia18/04/2018

A set of stamps commemorating four common trades in the early days of Singapore was launched by Singapore Post (SingPost) on Wednesday (Apr 18). The stamps depict the samsui women, the Sikh police contingent, the orang laut and the coolies. The samsui women were a common sight at construction sites in Singapore from the mid-1930s […]

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Retail Asia11/12/2017

Singapore Post Limited is revising its rates for the international delivery of small packets from Jan 2 next year, following new rates set by a United Nations agency. Also from the same date, it will stop accepting delivery of international small packets by ship as several postal organisations have ceased to accept such forms of […]

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Retail Asia20/11/2017

Intense pricing competition resulted in losses. Singapore Post’s (SingPost) logistics segment went into the red as operating profits turned into a loss of $4.2m in Q2. According to Maybank Kim Eng, even excluding provisions, the operating profit would have been $1m, which is much lower than the operating profit of $5m for 1Q2017. The segment […]

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Retail Asia16/11/2017

The e-commerce boom continued to prop up earnings at Singapore Post (SingPost), although it on Tuesday posted a fall in second-quarter profits, in the absence of a previous one-off gain. Net profit slipped by 9.5 per cent on the previous year, to S$28.47 million for the three months to Sept 30. But, with exceptional items […]

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Retail Asia06/10/2017

Never mind bubble wrap, the new SingPost Centre in Paya Lebar is about to have the flagship store for bubble-tea chain Gong Cha as it returns to Singapore. Under construction, the store will open in December. In May, the brand announced it was leaving Singapore and that its outlets would be replaced by new local […]

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Retail Asia15/09/2017

The SingPost Centre mall has started opening in phases following the repurposing of space as part of an omni-channel e-commerce experience. The mall aims to offer convenience by bringing together retailers, customers and e-commerce last-mile fulfillment all under one roof. OCBC Investment Research says the mall will complete the omnichannel e-commerce experience involving both online […]

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Retail Asia08/06/2017

Singtel has teamed up with SingPost to launch a nationwide e-waste recycling program in conjunction with World Environment Day. As part of the ReCYCLE initiative, Singtel will deploy e-waste recycling bins at selected Singtel shops and Singtel exclusive retailers for consumers to dispose of their obsolete mobile or internet-related devices. SingPost will also deploy the […]

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Retail Asia24/05/2017

Lazada, a huge online shopping destination in Southeast Asia, and Singapore Post Limited, the country’s postal and eCommerce logistics service provider, announced that Lazada Singapore has moved its warehouse operations to SingPost Regional eCommerce Logistics Hub in Tampines Logistics Park. With investments by Alibaba in both companies, the move allows Lazada and SingPost to leverage on […]

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Retail Asia29/03/2017

CapitaLand, through its wholly owned shopping mall business, CapitaLand Mall Asia, has signed a contract to manage the upcoming mall at the new SingPost Centre. This is the third mall management contract that CapitaLand has inked in slightly over six months, after securing the first two in China, the comnpany said on Tuesday (March 28). […]

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Retail Asia29/03/2017

CapitaLand, through its wholly owned shopping-mall business CapitaLand Mall Asia, has signed its first third-party shopping centre-management contract in Singapore to run the new SingPost Centre. Described as a world-first, Singapore Post is currently building the 25,000 sqm shopping centre which will allow online and offline retailers to showcase their products, side by side. The […]

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Retail Asia19/12/2016

Chinese eCommerce giant Alibaba Group has been given the go-ahead by Singapore’s stock exchange (SGX) to raise its stake in Singapore Post (SingPost). Alibaba Investment, a subsidiary of Alibaba Group Holding, has received in-principle approval from the bourse for the listing and quotation of about 107.6 million new shares in SingPost, says the postal group […]

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Retail Asia15/12/2016

Singapore Post subsidiary SP eCommerce has worked with lingerie brand Triumph to launch two optimised online stores, for Singapore and Malaysia. The online stores have been redesigned and enhanced in areas such as product categorisation and recommendation to improve the shopping experience. Triumph launched online shops two years ago, with the latest updates integrating the […]

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Retail Asia02/12/2016

Singapore Post Limited’s (SingPost) eCommerce logistics collaboration with Alibaba Group Holding Limited (Alibaba) was strengthened as Alibaba’s S$86.2 million investment in SingPost’s logistics subsidiary Quantium Solutions International (QSI) was completed, and regulatory approval for Alibaba’s second investment in SingPost was obtained. Joint venture to strengthen eCommerce logistics network SingPost completed the joint venture with Alibaba […]

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Retail Asia03/11/2016

Singapore Post Limited (“SingPost”) announced the launch of its Regional eCommerce Logistics Hub (“eComm Log Hub”) located at the Tampines Logistics Park. The S$182 million facility is SingPost’s largest eCommerce logistics investment in Singapore to date. The eComm Log Hub is officially opened by Singapore’s Deputy Prime Minister and Coordinating Minister for Economic and Social […]

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