MLT enters into sale-and-leaseback agreement for 5 local logistics properties worth $778.3 mil

SINGAPORE (July 5): Mapletree Logistics Trust (MLT) is acquiring five logistics properties in Singapore for $778.3 million in a sale-and-leaseback deal.

Ascendas India Trust to acquire six warehouses in India for up to $112.5 mil

SINGAPORE (Nov 24): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring six warehouses from logistics and supply management service provider Arshiya for a total consideration of INR 5.34 billion ($112.5 million).  


Frasers Property Australia to develop over $205 mil worth of new assets

SINGAPORE (July 25): Frasers Property Australia says it is developing over A$190 million ($205 million) worth of new assets in terms of end-asset value in The Key Industrial Park and West Park Industrial Estate in Melbourne’s Keysborough district and Tr

Startups, Entrepreneurs, Digital economy

Amazon robots poised to revamp how Whole Foods runs warehouses

SEATTLE/NEW YORK (June 27): When Amazon.com Inc.'s US$13.7 billion ($19 billion) bid to buy Whole Foods was announced, John Mackey, the grocer's chief executive officer, addressed employees, gushing about Amazon's technological innovation.


China’s robotics spending projected to hit $83 bil in 2020

SINGAPORE (April 4): China’s spending on robotics and related service is projected to more than double in the years to come, growing to US$59.4 billion ($83 billion) in 2020 from US$24.6 billion currently, according to IDC’s latest edition of its Worl