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Daily Debrief: What Happened Today
Singapore's Transport Minister Khaw Boon Wan, a strong advocate of an integrated rail system, again hinted at a restructuring which could result in a "One Team'' approach to raise rail reliability.
A surge in trading in the shares of local rail transport operator SMRT Corporation has prompted a Singapore Exchange (SGX) query.
Transport Minister Khaw Boon Wan wants to make engineering sexy again and attract more talent to join this "important profession'' to help build Singapore.
The sons of the late Lee Kuan Yew have each agreed to donate half the value of 38 Oxley Road - Mr Lee's home - to charity.
GrabTaxi, Didi Kuadi, Ola and Lyft will form a global rideshare partnership to roll out joint partner products across South-east Asia (SEA), China, India and the US in Q1 2016.
Under a memorandum of understanding, Indonesia's Investment Coordinating Board, known as BKPM, will allow UOB's clients to apply for a principle licence directly in Singapore. This licence is the first one that a foreign company must obtain to incorporate an entity in Indonesia. The agreement is also BKPM's first collaboration with a non-Indonesian bank in South-east Asia.
The STI Today
On Friday, the index first plunged in response to Thursday's losses in the West but clawed its way back in expectation of a Wall Street rebound, ending only a net 4.84 points weaker.