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Digital advisers or robo-advisers in Singapore operating as fund managers under the Securities and Futures Act (SFA) will be able to offer their services to retail investors even if they do not meet track record requirement, provided they fulfil certain safeguards.
Certificate of Entitlement (COE) prices finished mostly lower at the end of the latest bidding exercise on Wednesday.
Singapore Airlines Ltd said jobs are likely to be cut as part of a business review South-east Asia's biggest carrier has kicked off to revive earnings following a surprise quarterly loss.
As part of its aim to be an infrastructure hub for Asia, Singapore is looking to increase the number of "bankable" infrastructure projects in the region.
The cost of living for expatriates in Singapore is now lower than many of its Asian neighbours such as Hong Kong, Tokyo and Seoul.
The Land Transport Authority (LTA) announced on Wednesday that the 1.6km long North East Line Extension (NELe) is expected to open by 2023, ahead of the original 2030 schedule.
Wing Tai Holdings' wholly owned subsidiary, Wing Tai China, has entered into a deal to dispose of its 100 per cent interest in the issued share capital of and shareholders' loans to Winnamax Investment.
The STI Today
Shares in the local bourse closed lower on Wednesday for the third straight session, with the Straits Times Index down 5.26 points to finish at 3,230.49.