Daily Briefing: Singapore and Malaysia agree to extend deadline on RTS link construction; Travel tech firm Sabre Corp unveils APAC HQ at Paya Lebar

And Online B2B platform Eezee gets undisclosed seed fund from Insignia Ventures Partners.

From ChannelNewsAsia:

Singapore and Malaysia have agreed to extend for an additional month, the deadline to decide on whether to continue with construction of the Johor Bahru-Singapore Rapid Transit System (RTS) Link without any additional cost, Malaysia’s Ministry of Transport said in a media statement on 29 September.

The new deadline was set for Oct 31, the statement added.

As part of the agreement, Malaysia had agreed to reimburse Singapore for the abortive costs incurred - around $600,000 - due to the suspension.

During the suspension period, Malaysia will decide if it intends to proceed with the RTS Link project as it is.

The RTS Link, which connects Bukit Chagar in Johor Bahru to Woodlands in Singapore, is expected to ferry up to 10,000 passengers per hour each way.

Read more here.

From TTG Asia:

Sabre Corporation has inaugurated its new Asia-Pacific headquarters at Paya Lebar Quarter in Singapore.

Part of a $3.2b (US$2.3b) complex, Sabre’s new custom-built office will span over two floors and accommodate up to 350 employees. With common areas and meeting rooms, the open floor plan will feature individual workspaces with ergonomic tables.

With a presence in Singapore since 1997, Sabre’s new headquarters will serve as a central hub for its regional teams, while facilitating operations and enabling the deployment of a consistent Sabre brand across all markets, said the company.

Read more here.

From e27:

Eezee, a Singapore-based online B2B marketplace for industrial hardware and supplies, has secured an undisclosed sum in seed funding from Insignia Ventures Partners.

The investment will go towards Eezee’s business expansion in Asia, as the team focuses on acquiring corporate customers beyond Singapore. Insignia will also support the Eezee team in building connections and providing strategic counsel on various business, operations and marketing decisions.

By building a regional customer database, the startup also aims to support local business suppliers in going global.

Established in 2017, Eezee enables businesses to make small value purchases on industrial supplies such as safety gloves and helmets without the hassle of bureaucratic procurement processes and paperwork.

Read more here.