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CPFIS funds up 0.68% on average in 2nd quarter

FUNDS that can be purchased under the Central Provident Fund Investment Scheme (CPFIS) posted an overall gain of 0.68 per cent in the second quarter from three months ago, boosted by broad-based gains, said Thomson Reuters Lipper on Thursday. The funds include all unit trusts and investment-linked insurance products under the investment scheme as at June 30, 2016. For all CPFIS-included funds, eq...


Looking to boost local fintech sector

Singapore's fintech scene needs a stronger pipeline of talent, mentorship and funding to catch up with leading ecosystems like New York and Silicon Valley, said Monetary Authority of Singapore (MAS) managing director Ravi Menon. Mr Menon added that the regulator "will review some of the regulatory requirements placed on venture capitalists", to encourage more such investors to set up in Singapore...


Banks spearhead rise once again

THE Straits Times Index (STI) ended on a firmer note on Wednesday for its second straight gain this week - buoyed, as usual, by Singapore banks and other defensive counters finding favour among investors in their hunger for yield. To be sure, there were surprising outliers, with SingPost shares still trading at February levels amid concerns that the postal service cannot keep up with its dividend...


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