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Crowdfunding platforms that currently use a promissory note exemption to reach retail investors will have to obtain licences to continue operating, the Monetary Authority of Singapore (MAS) announced on Wednesday.
The government will release land for 7,545 private homes (including 780 executive condo (EC) units) as well as 277,080 sq metres gross floor area (GFA) of commercial space on both confirmed and reserve lists in the second half of this year.
These premiums on Wednesday saw increments of more than S$5,000 in the car categories, nudging them past the S$50,000 mark, last seen in January this year.
The Monetary Authority of Singapore (MAS) said on Wednesday that no bank in Singapore received the US$3 billion wire transfer from Goldman Sachs which had arranged the bond issuance for Malaysian state fund 1Malaysia Development Berhad (1MDB).
Shares of Keppel Corporation surged on Wednesday with oil prices holding above US$50 per barrel. The stock rose steadily through the day, and was up 26 Singapore cents, or 4.8 per cent, to S$5.72 at 4.15pm.
Singapore now ranks as the 10th most expensive city in Asia for expatriates, the latest five-year survey from ECA International showed on Wednesday. It rose by 13 places on the global ranking from five years ago.
The STI Today
A firming oil price helped bring offshore and marine stocks into play on Wednesday as the Straits Times Index (STI) chalked up a fifth successive rise in modest volume of 1.7 billion units worth S$1.05 billion.