Singapore On 10 September, Changi Airport Group (CAG) announced the stepping down of Mun Leong Liew as chairman and board director of the company with immediate effect. Mr Liew was the founding Chairman of CAG following the company’s formation in 2009. Replacing him is Gee Paw Tan, who has been appointed to serve as acting chairman. Mr Tan previously served as Chairman of the Public Utilities Board, Singapore’s national water agency, from April 2001 to March 2017. He has been on the … [Read more...] about PLA Weekly Recap: New chairman for Changi Airport; CEVA opens new offices; Kuehne+Nagel rolls out pharma hubs
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Kuehne+Nagel gets lift from air freight, restores dividend plans
Swiss freight forwarder Kuehne+Nagel International reported a smaller-than-expected fall in second-quarter profit, reports Reuters, buoyed by increased air freight operation which saw double-digit growth. The company said it would restore its dividend plans. Despite earnings before interest and tax (EBIT) sliding 12.6% to CHF 235 million ($250 million), air freight operations inched up 17%, the report stated. Comments from Zuercher Kantonalbank analysts claim the result exceeded even the … [Read more...] about Kuehne+Nagel gets lift from air freight, restores dividend plans
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