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Singapore Wrap Wednesday

Today's notable stories

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The Monetary Authority of Singapore (MAS) has imposed civil penalties on Lim Oon Cheng and his niece, Lim Huey Yih, for insider trading.

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).


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.


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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