Daily Briefing: Project delays caused by tighter rules on foreign labour; KL-Singapore high-speed rail may hit air sector

And Alibaba’s Jack Ma tops China Rich List.

Singapore’s construction industry is suffering from late payments and project delays, as contractors are squeezed by higher operating costs and the governments curb on foreign workforce, according to media reports. View more here.

The high-speed rail (HSR) service between Kuala Lumpur and Singapore will have little impact on express bus service but may pose a threat to the aviation sector. View more here.

Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly $20 billion, as billionaires increase despite a slowdown in the country's economy, Forbes magazine said Tuesday. View more here.

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