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Daily Debrief: What Happened Today

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HSR sph.jpg
The HSR will have eight stations, including the two terminals in Bandar Malaysia and Jurong East in Singapore.

2026 target for KL-Singapore high-speed rail to begin operations

Singapore and Malaysia have signed a memorandum of understanding (MOU) for the proposed high-speed rail (HSR) linking Kuala Lumpur and Singapore, and the plan is to have the first trains up and running by around 2026.

Disk failure root cause of SGX's July 14 outage

"Investigations found that Thursday's event was caused by a disk failure and an application that did not detect the problem. The disruption was prolonged due to challenges in the orders and trade reconciliation process," SGX said.

Deskera to spend S$50m to build data centre in Singapore

The cloud-based integrated business management software provider hopes to turn the data centre into one of the biggest SaaS (software as a service) centres in South-east Asia.

Wong Fong Industries launches IPO for Catalist listing

Land transport engineering solutions provider Wong Fong Industries has launched its initial public offering (IPO) for listing on the Catalist board of Singapore Exchange (SGX), which will see it raising net proceeds of S$8 million.

Singapore requests Thailand to repatriate StanChart bank robbery suspect

The Singapore authorities have written to the Thai authorities to seek their assistance to repatriate Canadian bank robbery suspect David James Roach to Singapore.

Corporate Earnings

The STI Today

Singapore shares close weaker in line with falls in Dow futures, HK

After having bounced 193 points or 7.1 per cent in the 15 trading sessions since the June 23 Brexit referendum, the Straits Times Index on Tuesday ended with a 9.22-point loss at 2,919.54, dragged lower in line with losses in Hong Kong and the Dow futures.