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Daily Debrief: What Happened Today
BlueSG, the nation-wide electric vehicle (EV) car-sharing programme, kicks off in December with 80 cars and 30 charging stations with a total of 120 charging points.
Customer satisfaction increased for taxi services, public buses and budget airlines, according to the 2017 second quarter Customer Satisfaction Index of Singapore (CSISG) results for the air and land transport sectors.
Mandarin Oriental International Limited said that none of the proposals received recently for the sale of The Excelsior, Hong Kong, had met fully its expectations or transaction requirements.
Singapore's central bank is expected to keep its monetary policy settings unchanged at its October review, and is seen in no hurry to tighten as inflation remains subdued even as economic growth has picked up pace in the first half.
Goldman Sachs has upgraded the Singapore Exchange (SGX) to "buy" from "neutral" on an improving volume and earnings outlook. It has also raised the target price by 6 per cent to S$8.60.
PUB, Singapore's National Water Agency, has selected Tuas Power - Singapore Technologies Marine Consortium (TP-STM) as the preferred bidder for Singapore's fifth desalination plant, to be located on Jurong Island.
Cloud enablement company in the ST Telemedia portfolio, STT Connect, has achieved Multi-Tier Cloud Security Singapore Standard (MTCS SS 584) at Level 3, the highest certification level.
The STI Today
Monday's column highlighted the fact that the Straits Times Index's fortunes depend heavily on the banks and that movement in bank shares were in turn driven by interest rate expectations.