SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. The Monetary Authority of Singapore (MAS) to help consumers access simple, lower-cost investments such as insurance or fixed income products. This is in a bid to deter them from unconventional and often risky investments.
2. Occupancy rate of industrial properties in Singapore falls to lowest level since 2007. This in turn helped stabilise rents and prices of industrial space, such as warehouses and factories, in the second quarter of this year.
3. Singapore billionaires' club grows to 26, OG's Tay family joins the ranks. Property tycoons Robert and Philip Ng of Far East Organization continued to top Singapore's rich list, adding US$2.2 billion (S$2.7 billion) to their net wealth to bring it to US$12.8 billion.