Here’s what you should know today:
1. Kerry Logistics invests $30 million in Thailand
Logistic provider Kerry Express plans to spend at least 1 billion baht or $30 million in Thailand to expand its networks and meet growing demand of ecommerce delivery.
It plans to open 100 new distribution centres nationwide, bringing the total to 500 next year, as well as on new facilities, including 1,000 more trucks and motorcycles.
Last month, Kerry Express set up a new logistics hub with sorting capacity of 200,000 parcels a day and expand its Bang Na hub is to reach sorting capacity of 500,000 parcels per day.
Read the full story here.
2. Uber is under scrutiny in Singapore for safety issue
Uber is under scrutiny for its auto-lending program after the company leased cars prone to fires in Singapore.
The ride-hailing company borrowed capital from Goldman Sachs and other banks used to purchase more than 1,000 defective Honda vehicles from importers. Uber managers in Singapore were aware of the problem when it bought and leased them to drivers.
Uber said it took “swift action to fix the problem” after learning of the auto fire and worked with Singapore officials on its response.
Read the full story here.
3. TV still the main advertising media in Indonesia
Television will still remain the main advertising media in Indonesia until 2021 according to latest report from PricewaterhouseCoopers (PwC).
TV maintain 53.8% market share, up from 53.6% in 2016. Indonesian media and entertainment would see a 10.3% Compound Annual Growth Rate (CAGR) in the period between 2016 and 2021.
However, during the same period, PwC estimated that the CAGR of Internet advertising would reach 21.8%, higher than TV that was predicted to have a 10.4% CAGR.
Read the full story here.