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Daily Debrief: What Happened Today
Singapore will make its transport system smarter and cleaner. In his speech at the Committee of Supply Debate, Second Minister for Transport Ng Chee Meng said that big data and analytics will be used to improve train reliability as well as help public bus operators to track the location of their buses.
The public transport sector will create more than 8,000 jobs by 2030, as current positions are developed and new careers created.
Some 13,000 new jobs are expected to be created in Singapore's air and sea transport sectors by 2025, Josephine Teo, Senior Minister of State at the Prime Minister's Office, said on Wednesday.
Singapore government will soon call tenders to upgrade and replace ageing rail assets to improve the city-state's rail realiability, Khaw Boon Wan, Coordinating Minister for Infrastructure, said on Wednesday.
Singapore's financial services sector is likely to remain a top target for cybercriminals in 2017 due to the sensitive nature and value of financial data that the industry holds, according to cybersecurity firm Fortinet.
The Monetary Authority of Singapore (MAS) has successfully obtained a civil penalty judgment against Wang Boon Heng and Foo Jee Chin for contravening rules under the Securities and Futures Act (SFA), which prohibit fraud or deception in share trading.
The Singapore Exchange (SGX) will mandate all mainboard companies to allocate to retail investors at least 5 per cent, or S$50 million, whichever is lower, of their initial public offering (IPO). This new rule will kick in from May 2, 2017.
Kimly Limited, a traditional coffee shop operator in Singapore, is offering 173.8 million new shares at S$0.25 each for listing on the Catalist Board in its initial public offer (IPO).
The STI Today
Rotational playing of penny stocks was perhaps the dominant theme of Wednesday's session, even though the Straits Times Index (STI) managed a 14.85 points rise to 3,145.29.