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Daily Debrief: What Happened Today

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MAS will be committing S$250 million over the next three years to enhance an existing scheme as part of efforts to accelerate technology and innovation-driven growth in the financial sector.

Stories you might have missed

MAS commits S$250m to further drive innovation, develop Singaporean fintech talent

THE enhanced Financial Sector Technology and Innovation Scheme, or FSTI 2.0, aims to encourage the expansion of the existing innovation labs and further develop Singaporean talent in fintech.


Digitalisation will aid construction companies in keeping to safe distancing rules onsite

TO facilitate the ease of meeting safe distancing measures put in place at construction sites as a result of Covid-19, JTC Corporation has been testing out various technologies that will help employers and workers alike.


Hyflux group of bank lenders files judicial management application

HYFLUX on Thursday announced that the unsecured working group (UWG) of bank lenders has filed its application for a judicial management order.


Darco Water issues letter of demand against former CEO

DARCO Water Technologies is alleging that its former chief executive officer (CEO) and director Thye Kim Meng breached his duties to the company in relation to a water project and a solar project, causing losses and damages to the company.


SIA Engineering senior management takes further pay cuts

THAT means the senior vice-presidents, executive vice-president and the chief executive officer will now take 20-30 per cent pay cuts, up from the previous 15-25 per cent cuts.


Ascott converts some apartments into work suites, eyes cloud kitchens

CAPITALAND'S wholly-owned lodging business unit, The Ascott Limited, has launched a "work in residence" initiative at participating properties worldwide, to transform selected apartments into work suites.


DBS, Doxa launch automated supplier payments solution for construction sector

NAMED Doxa Connex, the procure-to-pay solution aims to speed up payments from main contractors to their suppliers to improve cash flow management as the construction industry restarts after the extended "circuit breaker".


Corporate earnings


The STI today

Straits Times Index rose 1.28 per cent to 2,595.97 points

THE Straits Times Index (STI) ended Thursday up 32.77 points or 1.28 per cent at 2,595.97 points, fuelled by strong gains in the US markets and extending a two-day upward movement.
 

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