Investment firm Temasek Holdings says it has sold off its remaining shares in China's third-largest life insurer.
Total assets managed by Singapore-based fund managers grew by 11.8 per cent last year to hit S$1.82 trillion.
Contracts for the construction of Orchard, Marina South and Gardens by the Bay stations and tunnels were awarded at a total value of S$1.32 billion, the Land Transport Authority announced on Friday (July 25).
Increase in the assets managed by hedge funds and private equity investors contributed to the growth, according to the central bank.
Total outstanding volume of corporate debt stood at S$272.4 billion as at end-2013, the Monetary Authority of Singapore said.
The Energy Innovation Programme Office (EIPO) gave out the grant money to five research proposals that looked at how to reduce cost in areas such as the manufacturing of solar cells, says the Economic Development Board.
Prices of office space were flat in the second quarter after a 0.5 per cent increase in the first quarter, while prices of retail space fell 0.3 per cent after remaining unchanged in the previous quarter.
Prices of private residential properties fell by 1 per cent on-quarter in Q2, following a 1.3 per cent decrease in the first quarter.
The Monetary Authority of Singapore is working on initiatives to make it easier for consumers to access simple, lower cost investment products.
Analysts say the increase is likely to continue for the rest of 2014, with an improving global economic outlook and positive sentiment on earnings growth creating a favourable environment.