Alex Hungate

Grab shares have lost two thirds of its value year to date

Based in Singapore, Hungate will oversee Grab’s mobility, deliveries and financial services businesses, among others.

Hungate will replace Tan Hooi Ling, who will continue to oversee key pillars of the company’s business.

SATS is not done shopping for more assets.

E-commerce cargo is a higher value product compared to general cargo given that it can command a premium, says CEO Alex Hungate.

The net loss could have been wider, if not for an uptick in air cargo volumes and improved contribution from overseas entities.

US asset manager BlackRock is no longer a substantial shareholder of SATS, the provider ground handling services and catering to airlines. And in the wake of the sale, its chairman, CEO and directors have been scooping up shares of the company.

SINGAPORE (Aug 1): Food Solutions and Gateway Services provider SATS has announced that it is investing in a new production line that would enable mechanisation of up to 50% of certain kitchen operations and increase its airline catering capacity to 115,0