Singapore Wrap Wednesday
Today's notable stories
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Corporate Earnings
Easier access to a wider range of investment funds, ETFs: MAS
Retail investors can expect easier access to a wider range of investment funds, including exchange-traded funds (ETFs), as fund managers are now able to reclassify funds which make limited use of derivatives as Excluded Investment Products (EIPs).
SGX expects more ETFs to be converted to EIPs after MAS widens definition
Telstra launches startup accelerator in Singapore; 10 startups to be recruited from region
Telstra-backed startup accelerator, muru-D, which was launched on Wednesday, will open, in May, applications for 10 technology startups from across South-east Asia to be recruited for the inaugural six-month accelerator programme, which begins in August.
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MAS imposes civil penalties on duo for insider trading
The Monetary Authority of Singapore (MAS) has imposed civil penalties on Lim Oon Cheng and his niece, Lim Huey Yih, for insider trading.
Boat Quay to get S$5m facelift next year
The riverfront promenade at Boat Quay will get a makeover next year with revamped outdoor dining areas and new open spaces, as part of a project by the private sector-led Singapore River One.
Singapore: Shares close lower ahead of Fed meeting outcome
Singapore share prices closed 0.2 per cent lower on Wednesday with the Straits Times Index down 7.94 points to 3,487.15, as investors nervously awaited the outcome of the two-day Federal Reserve policy meeting.
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