SGInnovate will work with entrepreneurs to build, commercialise and scale technology-based innovation.
Mr Lim Chow Kiat, 46, is currently the company's Deputy Group President and the Group Chief Investment Officer.
The food manufacturing industry plays a significant role in Singapore’s economy, contributing S$3.7 billion to Singapore’s GDP and employing about 40,000 workers in 2015.
Asian issuances that quality for the grant will be able to offset up to 50 per cent of one-time issuance costs such as international legal and credit rating fees.
The new scheme is aimed at trials that benefit not individual institutions, but the financial system at large, be it in Singapore or abroad, says MAS chairman Tharman Shanmugaratnam.
To cope with increasingly strict regulations, global banks operating in Singapore are on the lookout for more compliance experts despite reports of job cuts in other operations such as investment banking.
The deal is part of a joint venture involving a BreadTalk subsidiary, Din Tai Fung Taiwan and its franchise owner, as well as UK and Taiwanese partners.
Exports to seven of Singapore’s top 10 markets fell, with the European Union, Japan and Indonesia leading the decline.
Swiber Holdings says CAD did not disclose any further details on the investigations, but has requested access to documents and email from Swiber Holdings, Swiber Offshore Construction, PAPE Engineering and Swiber Corporate from 2012.
"Under the pilot system banks will deposit cash as collateral with the MAS in exchange for MAS-issued digital currency," MAS managing director Ravi Menon says.