Morning business news round-up for Sep 18, 2014

Singapore has placed eighth - the only developed economy among the top 10 - by the Milken Institute, in its first-ever ranking of the economic performance of Asia’s major cities. -- PHOTO: ST FILE
Singapore has placed eighth - the only developed economy among the top 10 - by the Milken Institute, in its first-ever ranking of the economic performance of Asia’s major cities. -- PHOTO: ST FILE

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

1. Singapore named among top 10 Asian cities for job, income growth, says survey. It placed eighth - the only developed economy among the top 10 - in the the Milken Institute's first-ever ranking of the economic performance of Asia's major cities.

2. Interest of 4 per cent on CPF Special, Medisave and Retirement accounts extended for another year. This is in view of the "continuing low interest rate environment", said CPF and the Housing Board (HDB) in a joint press release on Thursday.

3. Raffles Education enters Europe with $39.8m Switzerland acquisition. The mainboard-listed group bought the Hotel Nendaz 4 Vallees and Spa, seven commercial units and a 12,000 sq m plot of land with two buildings.