The programme is expected to kick off in early 2016 and is expected to benefit more than 20 SMEs with each run.
The new facility is expected to reinforce Singapore's position as a hub for synthetic rubber production in Asia. It has an annual production capacity of 140,000 metric tonnes and this is expected to be ramped up gradually.
The panel notes Singapore’s financial centre has made strong gains in asset and wealth management, reinsurance and specialty insurance, and FX and derivatives. But it adds there are several areas in which the industry can do better.
It books a net loss of S$15.6 million for the year ended on Jun 30, 2015, an improvement from the loss of S$22.1 million in the previous year.
The Australian dollar fell to S$0.9961 in Asian trade on Thursday (Aug 27), before recovering some ground towards the end of the session, trading at S$1.0015, according to Bloomberg data.
Located on a 1.43-acre site, the project will comprise a five-star hotel, luxury apartments, office space, restaurants and bars, and two new public squares.
The internet service provider will offer mobile services as part of its mobility trial, but it will be limited to the designated Jurong East area.
Leading the growth was Financial and Insurance with a 9.5 per cent on-year spike, followed by Health and Social Services at 8.9 per cent, according to Singstat.
This comes as the deadline to submit feedback on Infocomm Development Authority of Singapore's consultation paper passes.
Fund research firm Lipper says CPFIS-included funds lost on average 1.53 per cent of their value in the three months ended June, but for the 12-month period ended June, CPFIS-included funds returned 6.5 per cent.