Logistics

Geotab has launched its GO Anywhere Plus tracker in the Philippines for businesses managing vehicles, equipment and other distributed assets.

CTP, a Netherlands-based developer, owner, and operator of logistics and industrial real estate, has agreed terms to acquire 100 percent of the South-East Asia Logistics Partners (SLP) portfolio and operating platform in Vietnam for $500 million.

Grab Vietnam, under Southeast Asia's technology giant Grab, will spend VND2,950.9 billion ($112 million) on fee cuts, driver refunds and incentives, and promotions in Vietnam, after the ministry-run National Competition Commission reviewed its fares calculation.

Fujitsu and SoftBank Robotics are testing image-based AI to standardize packaging damage decisions in Japan's home-appliance supply chain.

Uzbekistan-based restaurant software company Delever has raised $380,000 from AloqaVentures and Nexus Club for product development and market expansion.

Chinese autonomous-delivery company Neolix has raised nearly $400 million in a Boyu Capital-led Series E to support global expansion.

VinMetal, the steel producer under Vietnamese conglomerate Vingroup, has signed a contract with Italy's Danieli & C. Officine Meccaniche S.p.A. to supply core equipment for a rail and section steel line.

PSA International (PSA), a global port operator, and Granite Asia, a $11 billion private capital platform, announced Wednesday the launch of the $50 million G&P Strategic Innovation Fund.

Ally Logistic Property (ALP), a logistics infrastructure company, and real asset manager CapitaLand Investment Limited (CLI) have on Friday broke ground on OMEGA 1 Singapore, a S$260 million ($203.51 million) development designed to support Singapore’s next generation of smart logistics infrastructure.

Ofiniti has agreed to acquire ZeroNorth's electronic bunker delivery note business, including Singapore-based BTS, and move its customers onto Ofiniti's Bunker Operating System.