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Singapore Wrap Tuesday
Singapore will begin to regulate occasionally controversial investment schemes like gold buybacks as capital markets products, and will raise the hurdles for wealthier accredited investors to access those schemes, the Monetary Authority of Singapore (MAS) announced on Tuesday.
The new productivity plan - developed by Spring Singapore in consultation with industry stakeholders - spans 2016-2020, and builds on the first five-year plan launched in 2011.
A new cluster that will boost the nation's efforts in developing 3D-printing capabilities for the manufacturing sector was unveiled on Tuesday at TechInnovation, a technology-industry brokerage event organised by the Intellectual Property Intermediary.
DBS has ambitions to introduce cashless options through a first-of-its-kind mobile application to hawker centres and quick-serve restaurants in Singapore, a senior bank executive said on Tuesday.
Lee Kuan Yew's two younger children, Lee Wei Ling and Lee Hsien Yang, have filed a court case over an interview agreement between the late Mr Lee and the Singapore government - to seek the court's guidance on the proper interpretation of the deal that was struck.
The STI Today
The eventual loss of 13.8 points that the STI suffered at 2,868.47 after an earlier gain of 20 points suggested a slide on Wall Street on Tuesday - or perhaps a resumption of the short selling after Monday's short-covering.