Vietjet Air Cargo, Teleport deepen partnership with exclusive commercial rights on first key lane

Teleport, a Malaysia-based integrated logistics solutions provider, announced Monday that it will be managing the exclusive commercial rights of Vietjet Air Cargo’s New Delhi – Ho Chi Minh City belly space.

city skyline during night time

Pioneering the future of smart hubs

Strategically located and with flights just hours from half the world’s population, Hong Kong is an ideal bridge connecting the East and West. In addition to its advantageous location which primes the city for a booming e-commerce and logistics ecosystem, Hong Kong’s robust economic growth is further bolstered by the strength of its trading and logistics…

Australia’s UniSuper, ISPT acquire Sydney airport site to build $2.5B logistics hub

Australian pension fund UniSuper and property fund manager ISPT have on Wednesday announced they have acquired a Sydney airport site to build AUD 3.9 billion ($2.5 billion) logistics hub.

Malaysia’s MOVE Digital sees revenue surge 72 pct in 2023

Malaysia-based MOVE Digital, digital arm of Capital-A which is formerly known as airasia Superapp, has achieved annual revenue of MYR 689 million ($145 million), marking a 72 percent year on year increase.

white and blue truck on road during daytime

How technology impacts the trucking industry

The impact of technology on the trucking industry has surpassed mere navigation systems. Recent developments reveal that these technological innovations changed the trajectory of the entire industry. From guiding systems to payment channels, technology has streamlined the trucking business to the point of impacting the lives of its drivers. Technologies…

Chinese logistics services provider BEST to open its sorting center in Malaysia in 2024

China-based supply chain and logistics services provider BEST Inc said that its largest sorting center in Southeast Asia, which is located in Selangor, the most developed state in Malaysia, is slated to open in 2024. In addition to build a 220,000-square-meter facility in Malaysia, the company aims to connect Thailand, Vietnam, Singapore and Malaysia in its…

GoTo Group, TikTok, and University Gadjah Mada to collaborate to develop Indonesia’s digital talent

PT GoTo Gojek Tokopedia Tbk (GoTo), Indonesia’s largest digital ecosystem, and TikTok, the global entertainment platform, have partnered Gadjah Mada University (UGM) to develop Indonesia’s digital talent. The duo have signed a memorandum of understanding with UGM to partner in the establishment of the GoTo x TikTok x UGM Technology Center - a digital talent…

GoTo receives validation from SBTi on its net-zero target

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Thursday announced that its near and long-term greenhouse gas emissions reduction targets across all the countries it is present in have been validated by the Science Based Targets initiative (SBTi).

Capital A’s airasia MOVE quarterly revenue up 68 percent on year to $36.59 million

Airasia MOVE, the travel, lifestyle and financial digital platform of Malaysia-based Capital A, has posted quarterly revenue of MYR 171 million ($36.59 million), up 68 percent year on year.

Singapore’s Fr8Labs secures $1.5M seed funding for market expansion

Fr8Labs, a Singapore and Indonesia-based artificial intelligence (AI)-enabled freight logistics technology startup, has announced the successful completion of its seed funding round, raising $1.5 million. The funding is coming from East Ventures, FEBE Ventures, Kaya Founders, Mulia Sky Capital, Seedstars, Venturra, and various angel investors.