The probe into Singapore's banking system, related to the 1Malaysia Development Berhad controversy, has resulted in $29.1 million in penalties for eight banks and the conviction of five people. Business reporter Grace Leong said the financial industry is now much stronger, thanks to new anti-money laundering controls. http://str.sg/4LgT

About 100 Islamist militants have held off an entire army brigade in Marawi City in the southern Philippines. Philippines correspondent Raul Dancel said this episode should worry everyone in South-east Asia, and insurgents in the southern Philippines need to be stopped before things get out of hand. http://str.sg/4LpU

The proposed cycling network in the city centre will improve the riding environment for cyclists. Reporter Zhaki Abdullah said that, together with the increasing popularity of bike sharing and the development of new cycling facilities, this will increase cycling's attractiveness as a form of transport. http://str.sg/4LiY

The inaugural Gallery Children's Biennale is notable for several reasons. Arts reporter Nabilah Said said that by calling it a biennale, the National Gallery sends a strong signal about how seriously it takes young audiences. That admission is free also helps remove some of the perceived barriers to museum-going and arts appreciation. http://str.sg/4L4b

The Islamic State in Iraq and Syria has called on radicalised supporters to launch attacks on home turf instead of travelling to Syria and Iraq. Assistant foreign editor Tan Dawn Wei noted that the worry now is that terrorist activity will happen more on home ground as foreign fighters are driven away from Mosul and Raqqa. http://str.sg/4uF4