SINGAPORE (Sept 10): “We felt like the wounded lion who climbed up the mighty baobab tree to escape a pack of hyenas — only to have the branch break.”— Scott Freidheim, chief administrative officer of Lehman Brothers, writing in the Financial Times on Sept 6, 2018, referring to the week 10 years ago, after the bank was denied a bailout by the US government.

Here are five things you need to know this week:

1 The Singapore-to-Kuala Lumpur high-speed rail (HSR) project has been postponed to end-May 2020. The official notice of this decision comes after months of speculation and uncertainty. The agreement to postpone the project was announced on Sept 5, following a meeting in Kuala Lumpur between Singapore’s Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan and Malaysia’s Economic Affairs Minister Mohamed Azmin Ali.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook