Singapore Wrap Monday

S$40m set aside for third ESVF to aid tech startups

A total of S$40 million has been set aside by the Singapore government for the third Early Stage Venture Fund (ESVF), a fund administered by the National Research Foundation (NRF) to seed venture capital funds investing in tech startups in Singapore.

Olam is eyeing US$2.72b opportunity for acquisitions from commodity crisis, says CEO

Singapore-listed commodity major Olam International is ready to deploy US$2.72 billion on acquisitions to take advantage of slumping agricultural commodity prices.

Singaporeans aged 40 and above to enjoy more subsidies for WDA-supported courses

Singapore citizens aged 40 and above will be able to enjoy enhanced subsidies of up to 90 per cent of course fees for certifiable courses supported by the Workforce Development Agency (WDA), with effect from Oct 1, 2015.

Freehold GCB site off Upper Thomson Road put up for sale by tender

A freehold Good Class Bungalow (GCB) site located at 53 Windsor Park Road has been put up for the sale by public tender - at an indicative price of S$27 million, reflecting a land rate of S$1,280 per square foot.

25,000 S'pore residents with pre-existing conditions to pay additional premiums under MediShield Life

Twenty-five thousand Singapore residents with serious pre-existing conditions will have to pay additional premiums under MediShield Life, the Ministry of Health said.

The STI Today

Singapore: Shares close marginally higher

The Singapore market finished a marginal 0.1 per cent higher on Monday, with the Straits Times Index advancing 2.68 points to 2,882.27 on its first day without the two major Jardine group stocks in nearly two decades.