Daily Debrief: What Happened Today (Oct 2)
Stories you might have missed
The Johor Bahru-Singapore Rapid Transit System Link (RTS) will now open in February 2027, delayed by a month due to safety and testing requirements, according to RTS Operations (RTSO). Singapore-based ride-hailing company Ryde is facing two legal battles: a shareholder petition and a class action lawsuit accusing the firm of pump-and-dump fraud.
Macquarie Equity Research believes that UOB has the most upside potential among local banks due to its significant valuation discount and stronger leverage that benefits from improving Singapore dollar rates. Despite a near-term earnings hit from acquiring the Starbucks license, DFI Retail Group anticipates long-term earnings stability through the deal.
The Vietnamese branch of Pandora, a music streaming company, opened a USD150 million factory near Ho Chi Minh City to strengthen its South-East Asian operations. Far East Organization in Singapore unveiled The Serra Residences, a 133-unit freehold project, with prices starting at S$3,120 per square foot.
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.
