Daily Debrief: What Happened Today (Aug 25)
Stories you might have missed
Singapore is engaged in negotiations to sell a collection of around 50 conservation shophouses, with a projected sale price of approximately S$500 million. The RTS Link, a Singapore-Rio Tinto Singapore Rapid Transit System, is nearing completion, and a new industrial hub called New Woodlands Gateway is emerging in the north of the city-state to integrate seamlessly with the RTS Link.
Taiwanese technology conglomerate FIC Global has entered the Woodlands Gateway district as part of the development. Singapore is also in the running to host an international tribunal for investor-state disputes, with Minister for Law Edwin Tong announcing the country's intention to bid for the position on August 25.
Forbes Asia's latest edition of the 100 to Watch list includes 15 Singaporean businesses and startups poised for growth in the Asia-Pacific region. DBS Group Holdings, Singapore's largest company by market capitalization, has been delivering impressive financial results recently. Meanwhile, Indonesia, Malaysia, and Singapore have reaffirmed their commitment to preserving the Straits of Malacca and Singapore as open, safe, and secure shipping lanes.
In other news, UOB v Lippo Marina Collection saw the court quadrupling the damages awarded to the bank, settling the case at S$76.1 million. Lastly, the aviation sector in Asia-Pacific is under scrutiny, with some investors expressing a lack of enthusiasm for the region's growth despite Vietnam scoring strong results in its initial public offerings.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
