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Daily Debrief: What Happened Today
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.
"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.
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.
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.
The Singapore authorities have written to the Thai authorities to seek their assistance to repatriate Canadian bank robbery suspect David James Roach to Singapore.
- Trek 2000 International sinks into the red in FY15
- Qian Hu's Q2 profit up 25% to S$15,000
- Keppel Reit's Q2 DPU drops after sale of Sydney office building
- Wilmar warns of Q2 loss
The STI Today
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.