Morning business news round-up for May 8, 2014

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. CPF Minimum Sum to be raised to $155,000 from July 1. Singaporeans who turn 55 between July 1 this year and June 30 next year will have to set aside more retirement savings in their Central Provident Fund (CPF), up from $148,000 for those turning 55 between July 1 last year and June 30 this year.

2. Opportunities for Singapore firms as Sichuan connects its cities. Companies in Singapore can capitalise on opportunities in urban solutions, transport and logistics as the Chinese province undergoes urban redevelopment and enhances its transport systems.

3. Singapore Exchange to launch thermal, coking coal products in July. The bourse is planning to launch four products for pricing thermal and coking coal as it boosts efforts to tap into growing demand for hedging tools in Asia amid a steep drop in coal prices this year.