Daily Briefing: Singapore mulling options for SMRT; Singapore group makes carbon pledge

And here’s the deal on the SBS and SMRT shares jump.

Singapore is studying options for subway operator SMRT Corp., including having the company sell its trains to the government, and plans to propose recommendations as soon as the first quarter of next year, people with knowledge of the matter said. Possibilities under discussion include SMRT, which has a market value of S$2.4 billion ($1.7 billion), selling its physical assets to the government so it can focus on the business of operating subway services, according to the people. Read more here.

The Singapore Green Building Council (SGBC) has promised to do its part to help the country bring down its carbon emissions by 36 percent by 2030 as compared to the levels seen in 2005. SGBC made this pledge at the ongoing COP21 Climate Conference in Paris, along with other green building councils from other countries. Find out more here.

SBS Transit Ltd. rose to its highest level in more than four years, leading gains of two train companies in Singapore, after the nation’s transport minister suggested the regulator should also oversee train operators’ assets. SBS gained as much as 9.4 percent to S$2.10, its highest intraday price since February 2011, and was up 6.8 percent to S$2.05 as of 10:53 a.m. SMRT Corp., the city-state’s largest train operator, rose as much as 6.4 percent. Read more here.