SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. MOF reveals sources of $5b funds injected into Temasek last year. The additional capital came from proceeds from the Singapore Government Securities (SGS), as well as government budget surpluses and the proceeds from government land sales in Singapore, the Ministry told The Straits Times on Wednesday in response to queries.
2. Balmoral condo up for bulk sale at $191.4 million. The indicative price for the entire Treasure on Balmoral works out to around $1,850 per sq ft (psf) for the 103,439 sq ft project.
3. Singapore-Zhejiang council launches S'pore food product centre. The initiative by the Singapore Food Manufacturers' Association is supported by International Enterprise (IE) Singapore, and showcases Singapore food products within the Yiwu International Commodity Trade Mart, the world's largest commodity wholesale market.