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The rail link reflects improved relations in recent years, despite the spillover of a high-profile Malaysian money laundering scandal into Singapore. The city-state was once part of Malaysia but they separated acrimoniously in 1965, clouding diplomatic and economic dealings for decades. It now takes around four hours to drive from Singapore to Kuala Lumpur, which are about 300 km (186 miles) apart. A flight takes around 50 minutes but travellers must spend time checking in and out of airports, as well as travelling from Kuala Lumpur International Airport to the city centre. A Singapore Ministry of Transport spokesman said in a statement that the MOU was expected to be signed on July 19. There were no details on the timeframe for the project, the amount to be invested or the firms that would be contracted. (Reporting by Marius Zaharia; Editing by Joseph Radford) Reblog
For the original version including any supplementary images or video, visit Singapore aims for MOU with Malaysia on high-speed rail next week
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and Singapore Airlines Ltd. The bourse said in an e-mail the measure was temporary, and that trading would resume at 2 p.m. The halt was caused by duplicated trade confirmation messages, it said. These things happen when you improve the system and move from a stock exchange floor to automated trading, said Andrew Clarke, Hong Kong-based director of trading at Mirabaud Asia Ltd., who trades Singapore stocks for his clients. As long as they get the system up and running before 2 p.m., Id say that the disruption would be low. Its at least the second malfunction to affect SGXs systems in the past year. There was a near two-hour disruption in derivatives trading in August after a technical fault. In 2014, the Monetary Authority of Singapore reprimanded SGX for two trading disruptions that occurred a year earlier, a blow for the bourse operator under former Chief Executive Officer Magnus Bocker. He was replaced in July 2015 by Loh Boon Chye, formerly Bank of America Corp.s head of Asia-Pacific global markets. More from Bloomberg.com: The Worlds Most Powerful Stock Pickers Dont Manage a Penny Its not the first time its happened in Singapore, said Steven Leung, executive director at UOB Kay Hian (Hong Kong)Ltd.
For the original version including any supplementary images or video, visit Singapore Exchange Says Trading to Resume at 2 p.m. After Halt