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Daily Debrief: What Happened Today
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“With this change, workers’ outcomes will be a mandatory consideration from the very first dollar of EDG funding,” Senior Minister of State for Trade and Industry Koh Poh Koon said in his speech during the Committee of Supply debate.
Among the plans laid out was an expansion of the SMEs Go Digital scheme for small- and medium-sized enterprises (SMEs) to adopt pre-approved digital solutions, to include more advanced AI and cloud-based solutions by 2020.
The Ministry of Trade and Industry is working with local and overseas industry players to develop the first phase of the new Agri-Food Innovation Park, which will be ready from the second quarter of 2021 with potential for future expansion.
Minister for Communications and Information S Iswaran confirmed the market's timeframe expectations on Monday, in a move that he said was "to maintain Singapore's competitive edge in connectivity".
Zoned for "Business-2" development, or heavier industrial use, the site comes with a 30-year tenure and a maximum permissible gross plot ratio of 2.5.
The STI today
The Straits Times Index added 30.68 points or 1 per cent to close at 3,251.08.