08/January/2021
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Latest News
  • [ 07/January/2021 ] Nov cargo demand sees slight uptick, capacity still tight: IATA By the Numbers
  • [ 05/January/2021 ] Amazon makes aircraft purchase foray with 11 B767s Carriers
  • [ 04/January/2021 ] Qatar Airways adds 3 B777Fs pushing freighter fleet to 30 Aircraft Manufacturers
  • [ 30/December/2020 ] Emirates SkyCargo transports Brazilian satellite to India Carriers
  • [ 30/December/2020 ] Turkish Cargo brings Sinovac Covid vaccine to Turkey Asia Pacific
  • [ 14/December/2020 ] Pelican BioThermal, Nepal Flying Labs top TIACA awards Disruption
  • [ 14/December/2020 ] WFS deploys Descartes’ Bluetooth tracking technology Cargo Handlers
  • [ 14/December/2020 ] US pilots, air traffic controllers ok’d for Covid vaccine Regulators
  • [ 13/December/2020 ] Cathay CEIV Pharma re-certified as Covid vaccine begins moving Airports
  • [ 13/December/2020 ] Turkish Cargo returns 1,700 year-old ‘Cybele’ statue home Carriers
  • [ 11/December/2020 ] Jalan Kalrock consortium reviving bankrupt Jet Airways Carriers
  • [ 10/December/2020 ] Cainiao launches $76m open tender for logistics services Asia Pacific
  • [ 09/December/2020 ] Cargojet expands ACMI services with DHL Express Airports
  • [ 09/December/2020 ] SingPost continues postal evolution with hi-tech mailbox trial Asia Pacific
  • [ 09/December/2020 ] Shawn Richard @ Airforwarders Association (AfA) People
  • [ 09/December/2020 ] Singapore Changi air hub primed for Covid vaccine distribution Airports
  • [ 08/December/2020 ] LATAM’s first foray to Doha with peak season perishables Airports
  • [ 08/December/2020 ] DHL Supply Chain to handle Covid vaccine for German state Europe & CIS
  • [ 07/December/2020 ] E-commerce lifts Asia-NA volumes as global demand slackens By the Numbers
  • [ 07/December/2020 ] DHL Global Forwarding helps ‘loneliest elephant’ to new life Asia Pacific
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HomeE-commerce

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amazon air
Carriers

Amazon makes aircraft purchase foray with 11 B767s

05/January/2021 Donald Urquhart Carriers, E-commerce, Leasing ACMI, MRO & Conversion, US & Canada 0

E-commerce and logistics giant, Amazon announces its first-ever purchase of eleven B767-300 aircraft for conversion into freighters for its in-house cargo airline. ➤

cainiao HQ
Asia Pacific

Cainiao launches $76m open tender for logistics services

10/December/2020 Donald Urquhart Asia Pacific, Disruption, E-commerce, Logistics - 345PL 0

Cainiao Smart Logistics Network, the logistics arm of China’s largest e-commerce platform, Alibaba Group, launches its 2021 open tender for logistics services. ➤

jd.com autonomous vehicle
Asia Pacific

JD Logistics aims for $3b Hong Kong IPO next year

06/December/2020 Donald Urquhart Asia Pacific, E-commerce, Express, Logistics - 345PL 0

JD Logistics, a subsidiary of China’s second-largest e-commerce platform, JD.com, is looking to launch a USD 3.0 billion Hong Kong initial public offering (IPO). ➤

DHL Express
Asia Pacific

DHL Express supercharges Asia-Pac with €750m investment

11/November/2020 Donald Urquhart Asia Pacific, E-commerce, Express, Indian Sub-Continent, Logistics - 345PL 0

DHL Express invests nearly EUR 690 million over the next two years on facilities in key Asia-Pacific growth markets. ➤

ATRAN airlines
Carriers

Volga-Dnepr rides three-fold e-commerce surge

10/November/2020 Donald Urquhart Carriers, Chartering, E-commerce, Europe & CIS 0

Volga-Dnepr Group’s AirBridgeCargo Airlines and ATRAN Airlines are seeing a three-fold jump in e-commerce volumes. ➤

Amazon Air_LEJ
Airports

Amazon Air launches Leipzig/Halle air hub

07/November/2020 Donald Urquhart Airports, Carriers, E-commerce, Europe & CIS 0

Amazon Air launches operations at its first-ever regional air hub in Europe at the Leipzig/Halle Airport (LEJ) in Schkeuditz, Germany. The new operations expand the regional capacity of Amazon Air with the 20,000 sqm cargo ➤

cainiao
Asia Pacific

Cainiao delivers same-day boost across 11 Asian countries

02/November/2020 Donald Urquhart Asia Pacific, E-commerce, Logistics - 345PL 0

Alibaba Group’s logistics arm, Cainiao Smart Logistics Network, unveils new logistics technology enabling same-day delivery from China to 11 Asian countries. Cainiao has now fully implemented its ‘Apollo’ proprietary logistics technology across 11 Asian countries, ➤

Air China Cargo
Airports

Air China Cargo & Cainiao boost presence at Liege

18/August/2020 Donald Urquhart Airports, Asia Pacific, Carriers, E-commerce, Europe & CIS, Logistics - 345PL 0

Air China Cargo Airlines and Alibaba’s Cainiao Smart Logistics Network start a new international Cross-border e-commerce route aimed at speeding up average delivery times between China and Europe. The first B777 Freighter flight landed at ➤

B767F-Takeoff
Asia Pacific

E-commerce demand sees DHL Express add four B767-300BCFs

23/July/2020 Donald Urquhart Asia Pacific, Carriers, E-commerce, Express, MRO & Conversion 0

DHL Express is adding four B767-300 Boeing Converted Freighters (BCF) as part of the global logistics company’s efforts to continue modernising and growing its fleet. The four aircraft will enter service in 2021. Driven by ➤

NSTB Atlas Air
Carriers

NTSB releases Atlas Air crash report citing human error

15/July/2020 Donald Urquhart Carriers, E-commerce, US & Canada 0

The US National Transportation Safety Board (NSTB) has released its report on Atlas Air flight 3591 that crashed in the US in 2019, citing human error. The NSTB says the first officer made an inappropriate ➤

cainiao
Asia Pacific

Cainiao qaudrupling charter flights over next nine months

01/July/2020 Farah Florentino Asia Pacific, Chartering, E-commerce, Logistics - 345PL 0

Cainiao Smart Logistics Network, the logistics arm of Alibaba, China’s largest e-commerce player will be quadrupling Cainiao’s fleet of chartered flights from 260 to 1,260 over the next nine months. This will help reduce its ➤

ATSG Amazon B767
E-commerce

ATSG to lease a dozen more B767 freighters to Amazon

04/June/2020 Farah Florentino E-commerce, Leasing ACMI, US & Canada 0

Air Transport Services Group (ATSG) announces an agreement to lease 12 additional B767-300 converted freighter aircraft to Amazon.com Services for its rapidly growing Prime Air air logistics division. ATSG – a leading provider of medium, ➤

THG-AIR
Asia Pacific

Online retailer THG partners SIA, announces own cargo airline

05/May/2020 Donald Urquhart Asia Pacific, Carriers, Chartering, E-commerce 0

The Hut Group (THG), has stepped into the league of Amazon and Alibaba as the Manchester UK-based online retailer moves to partner Singapore Airlines (SIA), as well as acquire two of its own freighters, as ➤

mail postal parcels
Carriers

IATA, UPU sound alarm on postal capacity crunch

05/May/2020 Farah Florentino Carriers, E-commerce, Industry Bodies, Postal 0

The International Air Transport Association (IATA), and the Universal Postal Union (UPU) warn that air capacity for postal services is insufficient and urged governments to do more to support the movement of mail by air ➤

jd.com
Asia Pacific

JD.com pushes on for $3 billion HK secondary listing

30/April/2020 Donald Urquhart Asia Pacific, E-commerce 0

Chinese e-commerce retailer JD.com is proceeding with a secondary listing in Hong Kong within the next few months despite the coronavirus-induce turmoil in the financial markets. The Nasdaq-listed company has confidentially made an application to ➤

blockchain tech
Disruption

ShipChain, Distichain announce SMB solution to facilitate trade

21/April/2020 Donald Urquhart Disruption, E-commerce, IT & Disruption, IT Providers 0

ShipChain, the blockchain-based logistics company, today announced a new partnership with the B2B e-commerce platform provider Distichain to help small- and medium-sized businesses access global markets. ShipChain notes that as businesses increasingly need to be ➤

SEKOCARESimage
E-commerce

SEKO Logistics launches new initiative with Project C.U.R.E.

09/April/2020 Farah Florentino E-commerce, Forwarders, Logistics - 345PL, US & Canada 0

SEKO Logistics has launched a new SEKO CARES initiative in partnership with Project C.U.R.E. – a non-profit humanitarian relief organisation – to buy, donate and inspire support for frontline responders treating patients affected by COVID-19. ➤

Richard Liu Jd.com
Asia Pacific

China e-commerce giant JD.com donate medical supplies to UK

03/April/2020 Donald Urquhart Asia Pacific, E-commerce, Europe & CIS 0

Richard Liu, chairman and CEO of Nasdaq-listed, e-commerce giant JD.com, and his wife, Nancy Zhang, have donated medical supplies to the UK, which is struggling with the COVID-19 outbreak. This donation, facilitated by China Charity ➤

Fedex Korea
Asia Pacific

FedEx in e-commerce collaboration with eBay Korea

30/March/2020 Donald Urquhart Asia Pacific, E-commerce, Express 0

FedEx Express launches an alliance programme with eBay Korea Cross Border Trade (CBT), enabling sellers to benefit from discounted international shipping rates, particularly for shipments to Europe and the US. FedEx will also host regular ➤

amazon
E-commerce

Amazon warehouses facing rising tide of coronavirus cases

26/March/2020 Farah Florentino E-commerce, Logistics - 345PL, US & Canada 0

A key lockdown lifeline for millions of Americans – online shopping on Amazon – is now under threat by the fast moving Covid-19 virus. Amazon warehouses across the US are now facing a growing tide ➤

DHL B777F
E-commerce

DHL Express receives first of six B777F due this year

24/February/2020 Farah Florentino E-commerce, Express, US & Canada 0

DHL Express is receiving six new B777F-200 freighters this year, with the first of these planes landing last week at its future base of operations, the Cincinnati/Northern Kentucky International Airport (CVG). In 2018 DHL ordered ➤

airmail
Carriers

Carriers, postal organisations agree to deepen cooperation

18/February/2020 Donald Urquhart Carriers, E-commerce, Industry Bodies, Postal 0

The International Air Transport Association (IATA) and the International Post Corporation (IPC) sign a Memorandum of Understanding (MoU) to reinforce cooperation between the two organisations in this era of e-commerce. The aim for both IATA ➤

U-freight korea
Asia Pacific

U-Freight expands S.Korean ops with new e-commerce hub

03/February/2020 Farah Florentino Asia Pacific, E-commerce, Forwarders, Logistics - 345PL 0

U-Freight Korea, part of the Hong Kong-based U-Freight Group, opens a new logistics hub in Incheon to support its growing e-commerce business. The E-commerce fulfilment centre (EFC) will process domestic and cross-border e-commerce shipments for ➤

UPS aircraft
E-commerce

UPS posts healthy results thanks partly to Amazon

31/January/2020 Donald Urquhart E-commerce, Express, US & Canada 0

Global express giant, UPS announces higher than expected fourth-quarter 2019 earnings, up 8.8 per cent year-on-year, boosted by strong peak season demand, in particular from its biggest customer, Amazon. Revenue rose 3.6 per cent to ➤

Dubai Customs e-commerce launch
E-commerce

Dubai Customs launches blockchain-based e-commerce platform

29/January/2020 Farah Florentino E-commerce, Middle East 0

Dubai Customs has introduced a new blockchain-based cross border e-commerce platform as the Emirate aims to become a global hub for e-commerce. The project, piloted in September 2019, is comprised of two phases. The first ➤

seko
Asia Pacific

SEKO, AGWorld team up on Asia-US supply chains

22/January/2020 Donald Urquhart Asia Pacific, E-commerce, Logistics - 345PL, US & Canada 0

SEKO Logistics and Air & Ground World Transport (AGWorld) sign a strategic partnership to create new cross-border solution for shippers doing business between Asia and the US. The move comes as global trade disputes accelerate ➤

Tigers Sydney
Asia Pacific

Tigers boosts omni-channel e-commerce capability in Sydney

20/January/2020 Donald Urquhart Asia Pacific, E-commerce, Forwarders, Logistics - 345PL 0

Tigers opens a new omni-channel facility in Yennora, Sydney, Australia to meet rising demand in domestic and cross-border e-commerce for B2B, B2C fulfilment and retail scan pack. The omni-channel warehouse is fitted with Tigers’ Automated ➤

SEKO
E-commerce

SEKO continues acquisition momentum with Air-City

08/January/2020 Farah Florentino E-commerce, Forwarders, US & Canada 0

SEKO Logistics completes its largest-ever acquisition with the purchase of New York-based freight forwarder and cross-border e-commerce specialist, Air-City. The financial details of the acquisition were not revealed. Similar to the purchase of GoodShip International, ➤

jd.com
Asia Pacific

JD Logistics eying overseas IPO with $30 billion valuation

31/December/2019 Farah Florentino Asia Pacific, E-commerce, Logistics - 345PL 0

JD Logistics, the logistics unit of China’s second largest e-commerce platform JD.com, is eyeing a potential overseas IPO that could raise between USD 8–10 billion. Reuters is reporting, citing two insiders, that JD Logistics is ➤

Asia Pacific

China Post, Skyworth partner on logistics, e-commerce

16/December/2019 Donald Urquhart Asia Pacific, E-commerce, Express, Logistics - 345PL, Postal 0

China Post Group and the Skyworth Group – a Chinese manufacturer of electronics and smart appliances – have signed a strategic partnership agreement. China Post and Skyworth have been cooperating for a number of years ➤

jd.com drone
Asia Pacific

Richard Liu quietly shuffles roles at China’s JD.com

16/December/2019 Donald Urquhart Asia Pacific, E-commerce, Logistics - 345PL 0

China’s second largest e-commerce company, JD.com, has been quietly astir with major changes at the top after its founder and chief executive Richard Liu Qiangdong, has discreetly stepped down from a number of key roles. ➤

Hong Kong
E-commerce

RSA Global opens first Asia office in Hong Kong

12/December/2019 Donald Urquhart E-commerce, Forwarders, Logistics - 345PL, Middle East 0

RSA Global, the United Arab Emirates-based freight forwarding and supply chain management company, opens its first Asia office in Hong Kong. The office will oversee the company’s strategic development in HK and Mainland China capturing ➤

e-commerce
Asia Pacific

U-Freight takes e+Solutions to Malaysia

02/December/2019 Donald Urquhart Asia Pacific, E-commerce, Forwarders 0

Six months after its launch in Hong Kong, the U-Freight Group is taking e+Solutions, its logistics product designed for e-commerce start-ups, to the Malaysian marketplace. The U-Freight Group launched e+ Solutions to help the growing ➤

Aramex
E-commerce

Aramex launches e-commerce final mile solution

18/November/2019 Farah Florentino E-commerce, Logistics - 345PL, Middle East 0

Aramex launches its latest e-commerce last mile delivery solution, Aramex Spot, across Saudi Arabia and the United Arab Emirates. As part of what it says are its efforts to enhance customer service and to accommodate ➤

emirates delivers
Carriers

Emirates SkyCargo launches e-commerce delivery platform

15/October/2019 Farah Florentino Carriers, E-commerce, Middle East 0

Emirates SkyCargo launches Emirates Delivers, a new e-commerce delivery platform that allows customers shopping from multiple online retailers in the US to consolidate their purchases and have the goods delivered to home or office. Currently ➤

DHL Express Incheon
Asia Pacific

DHL Express unveils €131 million expansion to Incheon Gateway

15/October/2019 Donald Urquhart Asia Pacific, E-commerce, Express 0

DHL Express signs a concession agreement with the Incheon International Airport Corporation to invest KRW 175 billion (EUR 131 million) to expand its gateway in South Korea. When completed in Q2 2022, the Incheon Gateway ➤

Airports

ViaEurope opens new e-Hub in Liège Airport

10/October/2019 Farah Florentino Airports, E-commerce, Europe & CIS 0

ViaEurope, a European e-logistics, tech start-up continues to expand with the opening of its new e-Hub in Liège (LGG) Belgium. This new platform is the second of its kind for the firm whose headquarters are ➤

PortGround at Leipzig Halle Airport
Airports

E-commerce at Leipzig/Halle accelerated by Dakosy solution

30/September/2019 Donald Urquhart Airports, Cargo Handlers, E-commerce, Europe & CIS, IT Providers 0

E-commerce shipments arriving at Leipzig/Halle Airport are now handled completely digitally and through automated processes with Dakosy’s ZODIAK Customs software. The software, developed by the Hamburg software specialist is approved for all ATLAS Customs procedures. ➤

Emirates Seafood Souq
Carriers

Emirates begins partnership with B2B Seafood Souq

18/September/2019 Donald Urquhart Carriers, Cool Chain, E-commerce, Middle East 0

Emirates SkyCargo and Seafood Souq have kicked off their partnership with a batch of salmon arriving in Dubai in the cargo hold of an Emirates passenger flight from Glasgow on 6 September. The shipment of ➤

digital freightos
Asia Pacific

Sinoair first in Asia with Webcargo e-booking partnership

09/September/2019 Farah Florentino Asia Pacific, E-commerce, Forwarders, IT & Disruption 0

Sinotrans Global E-commerce Logistics (Sinoair), partners with WebCargo by Freightos to become Asia’s first direct-to-customer air cargo e-booking platform. Shippers will now be able to pull global contract rates, get dynamic pricing or request ad-hoc, ➤

StreetScooter
Asia Pacific

DP’s StreetScooter set to enter Chinese market with Chery

06/September/2019 Donald Urquhart Asia Pacific, E-commerce, Express 0

Deutsche Post subsidiary StreetScooter and automobile manufacturer Chery Holding Group sign a memorandum of understanding (MoU) around last-mile electric light commercial vehicles (eLCV). The MoU is aimed at starting local production, sourcing and development of ➤

gojek
Asia Pacific

Amazon considering investment in Indonesia’s Gojek

04/September/2019 Donald Urquhart Asia Pacific, Disruption, E-commerce, Logistics - 345PL 0

Amazon and Indonesia-based Gojek – an on-demand multi-service platform and digital payment technology group – are said to be in early discussions around investment by the US e-commerce giant in Gojek’s delivery platform and infrastructure. ➤

Azul Cargo Express
Carriers

Azul Cargo Express, Mercado Libre do Brazilian e-commerce deal

30/August/2019 Farah Florentino Carriers, E-commerce, Latin America 0

Azul Cargo Express, the cargo unit of Brazil’s Azul airline, signs a commercial agreement with Mercado Libre, Latin America’s largest e-commerce company. As a result, Azul Cargo Express will become the only air-shipping partner within ➤

Media-Markt Sweden
E-commerce

DB Schenker provides automated logistics for MediaMarkt Sweden

28/August/2019 Farah Florentino E-commerce, Europe & CIS, Forwarders, Logistics - 345PL 0

DB Schenker is now responsible for MediaMarkt Sweden’s logistics for online sales and store deliveries from the Arlandastad logistics centre near Stockholm. Schenker says MediaMarkt Sweden benefits from Swisslog’s automated ‘CarryPick’ warehouse management solution, where ➤

Bud workshop
Airports

BUD looks to grow e-commerce flows with Shanghai, HK workshops

28/August/2019 Farah Florentino Airports, Asia Pacific, Carriers, E-commerce, Europe & CIS, Logistics - 345PL 0

Budapest Airport (BUD), in collaboration with AirBridgeCargo Airlines, has organised workshop events in Shanghai and Hong Kong for representatives from Chinese air cargo and e-commerce companies. Among those attending the event were Chinese e-commerce logistics ➤

Cargojet_B767
Carriers

Cargojet expands strategic link with Amazon.ca

26/August/2019 Donald Urquhart Carriers, E-commerce, Express, US & Canada 0

Canadian all-cargo carrier, Cargojet Inc., has entered into a new strategic agreement with an affiliate of Amazon.com.ca expanding its role as a key provider of Amazon’s middle-mile transportation in Canada. The agreement with Amazon affiliate, ➤

GEODIS allbirds
E-commerce

GEODIS wins Euro e-commerce contract from Allbirds

23/August/2019 Donald Urquhart E-commerce, Europe & CIS, Logistics - 345PL 0

Global supply chain operator GEODIS has been chosen by Allbirds to service sales through its newly launched e-commerce website, catering to 12 European markets. GEODIS Netherlands will manage all of Allbirds’s warehouse activities for the ➤

Keppel Logistics UrbanFox
Asia Pacific

Keppel Logistics’ UrbanFox expands Southeast Asia footprint

20/August/2019 Farah Florentino Asia Pacific, E-commerce, Logistics - 345PL 0

Keppel Logistics subsidiary, UrbanFox – an omnichannel logistics and commerce solutions provider – announces the expansion of its Southeast Asia footprint in Vietnam and Malaysia. Tapping the established logistics network of its parent company Keppel ➤

Qantas-and-Australia-Post
Asia Pacific

Australia Post, Qantas Freight do e-commerce capacity deal

12/August/2019 Donald Urquhart Asia Pacific, Carriers, E-commerce, Postal 0

Australia Post and Qantas Freight have signed an expanded domestic and international air freight agreement to support the growing demand for e-commerce parcels. The seven-year agreement, valued at over AUD 1.0 billion (USD 676.3 million), ➤

DHL Global Forwarding
E-commerce

DP-DHL Group profits despite worsening trade environment

07/August/2019 Donald Urquhart E-commerce, Europe & CIS, Express, Forwarders, Logistics - 345PL 0

Deutsche Post DHL Group, continued its profitable growth course in the second quarter of 2019 with growth across all five divisions, despite the dampening effect of trade tensions. In the period April-June, the Group increased ➤

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Recent Posts

  • Nov cargo demand sees slight uptick, capacity still tight: IATA
  • Amazon makes aircraft purchase foray with 11 B767s
  • Qatar Airways adds 3 B777Fs pushing freighter fleet to 30
  • Emirates SkyCargo transports Brazilian satellite to India
  • Turkish Cargo brings Sinovac Covid vaccine to Turkey
  • Pelican BioThermal, Nepal Flying Labs top TIACA awards
  • WFS deploys Descartes’ Bluetooth tracking technology
  • US pilots, air traffic controllers ok’d for Covid vaccine
  • Cathay CEIV Pharma re-certified as Covid vaccine begins moving
  • Turkish Cargo returns 1,700 year-old ‘Cybele’ statue home
  • Jalan Kalrock consortium reviving bankrupt Jet Airways
  • Cainiao launches $76m open tender for logistics services
Cathay Pacific cool-chain coronavirus COVID-19 e-commerce IATA International Air Transport Association medical supplies perishables pharma Top trade war
  • Flowerhub: That is so much flowers! Do those flowers still fresh when unboxing them? I am curious about it.
  • Derek Jones: Did I miss something? Or are we still waiting to hear who Carmen Sandeigo or Sandiego is? But loved the…
  • Nancy: i have to find some slot operator to move SOC shpts together, can pls help ?
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air cargo

Nov cargo demand sees slight uptick, capacity still tight: IATA

07/January/2021 10:43 pm | By Donald Urquhart

Global air cargo demand improved slightly in November, with seasonally-adjusted demand up 1.6 per cent over October, but still significantly down on 2019. ➤ Read more →

amazon air

Amazon makes aircraft purchase foray with 11 B767s

05/January/2021 4:05 pm | By Donald Urquhart

E-commerce and logistics giant, Amazon announces its first-ever purchase of eleven B767-300 aircraft for conversion into freighters for its in-house cargo airline. ➤ Read more →

Qatar Cargo B777F

Qatar Airways adds 3 B777Fs pushing freighter fleet to 30

04/January/2021 6:07 pm | By Donald Urquhart

Qatar Airways Cargo takes delivery of three brand new B777 freighters, bringing its total freighter fleet count to 30 aircraft. ➤ Read more →

Emirates

Emirates SkyCargo transports Brazilian satellite to India

30/December/2020 9:02 pm | By Donald Urquhart

Emirates SkyCargo successfully executes a cargo charter to transport the Brazilian satellite Amazonia-1 from Sao Jose dos Campos (SJK), Brazil to Chennai (MAA), India. ➤ Read more →

Turkish Cargo A310F

Turkish Cargo brings Sinovac Covid vaccine to Turkey

30/December/2020 8:33 pm | By Donald Urquhart

Turkish Cargo carries the first batch of the Covid-19 vaccines procured from China’s Sinovac, to Turkey. ➤ Read more →

About This Site

Brought to you by experienced, award-winning air cargo journalist, Donald Urquhart. Covering the industry for more than a decade, he has over 25 years of journalism experience and won a number of awards while at Singapore’s business daily, The Business Times.

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