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Daily Debrief: What Happened Today

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The tender for a company that will help develop key parts of the high-speed rail linking Singapore and Malaysia has been launched, with the winning bid to be chosen by the end of 2018.

AssetsCo tender launched for Kuala Lumpur-Singapore high-speed rail
THE tender for a company that will help develop key parts of the high-speed rail linking Singapore and Malaysia has been launched, with the winning bid to be chosen by the end of 2018.


MindChamps inks second franchise deal abroad since IPO, eyes Vietnam market
MAINBOARD-LISTED MindChamps PreSchool Limited has inked a second master franchise since its initial public offer (IPO) in November, with plans to take the education firm to Vietnam this time round. Its previous franchise deal included expansion plans in Myanmar and China.


COEs finish mostly lower in the last round of bidding in 2017
CERTIFICATE of Entitlement (COE) prices finished mostly lower in the second round of bidding in December on Wednesday


Biopharma Tessa Therapeutics closes US$80m Temasek-led funding round
BIOPHARMACEUTICAL company Tessa Therapeutics announced it has successfully completed a US$80 million funding round led by Singapore investment company Temasek. 

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Keppel unit bags HKD 31billion contract for Hong Kong's first integrated waste management facility
THE contract for the facility was awarded via a competitive international tender called by the EPD, and will be located off the coast of Shek Kwu Chau and south of Lantau Island, Hong Kong. 


Singtel, EDMI to develop IoT-driven smart meters in Singapore
SINGTEL and global smart metering solutions provider EDMI Limited are collaborating to develop a smart electric metering infrastructure for Singapore, the telco announced on Wednesday.


The STI Today

Singapore shares close down 0.28% on Wednesday
THE Straits Times Index (STI) sagged again on Wednesday - this time slipping by 9.6 points, or 0.28 per cent, to 3,394.87.