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Productivity is a better tool to fight business costs: Hong Tat

BUSINESS costs may be a challenge for all companies, but the way to overcome it is not to "artificially suppress market pricing and market forces", said Senior Minister of State for Trade and Industry Chee Hong Tat on Thursday. "I think the way to compete is not necessarily to go for low margins and low costs, but to look for areas where - despite our higher cost base in terms of land and labour -...


Singapore to be involved in trial of 3D-printed aircraft parts

Aircraft manufacturers are starting to use 3D printing for aircraft spare parts and a trial here will involve Singapore's new fleet of A-330 Multi Role Tanker Transport (A-330 MRTT) aircraft, aeronautics company Airbus announced yesterday. It is the first initiative under Airbus and Singapore's Defence Science and Technology Agency (DSTA) digital technology collaboration, which was signed at the inaugural Singapore Defence Technology Summit on...


Toll group's S$228m hub takes logistics to new level

AUTOMATION and efficiency are at the heart of the Tuas-based Toll City, the S$228 million logistics hub officially launched on Wednesday. Located near road links to Malaysia and the growing Jurong region, it is expected to improve Toll's Asia Pacific network and traffic. The hub, spread 100,000 sq m, boasts innovation aimed at increasing efficiency. For example, its dedicated healthcare logistics hub includes Unmanned Aerial Vehicles (UAVs) and...


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