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Singapore Wrap Tuesday

Today's notable stories

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Singapore will begin to regulate occasionally controversial investment schemes like gold buybacks as capital markets products, the Monetary Authority of Singapore announced on Tuesday.

MAS to regulate gold buyback, landbanking schemes

Singapore will begin to regulate occasionally controversial investment schemes like gold buybacks as capital markets products, and will raise the hurdles for wealthier accredited investors to access those schemes, the Monetary Authority of Singapore (MAS) announced on Tuesday.


Singapore's Second Retail Productivity Plan will focus on powering sales growth: minister

The new productivity plan - developed by Spring Singapore in consultation with industry stakeholders - spans 2016-2020, and builds on the first five-year plan launched in 2011.

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Singapore launches cluster for 3D printing

A new cluster that will boost the nation's efforts in developing 3D-printing capabilities for the manufacturing sector was unveiled on Tuesday at TechInnovation, a technology-industry brokerage event organised by the Intellectual Property Intermediary.


DBS to introduce cashless options through mobile app to F&B outlets in Singapore

DBS has ambitions to introduce cashless options through a first-of-its-kind mobile application to hawker centres and quick-serve restaurants in Singapore, a senior bank executive said on Tuesday.


Lee Wei Ling, Lee Hsien Yang start court action over Lee Kuan Yew interviews

Lee Kuan Yew's two younger children, Lee Wei Ling and Lee Hsien Yang, have filed a court case over an interview agreement between the late Mr Lee and the Singapore government - to seek the court's guidance on the proper interpretation of the deal that was struck.


The STI Today

Singapore: Plunge in US futures erases earlier gains

The eventual loss of 13.8 points that the STI suffered at 2,868.47 after an earlier gain of 20 points suggested a slide on Wall Street on Tuesday - or perhaps a resumption of the short selling after Monday's short-covering.

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