Daily Briefing: Singapore kickstarts $1b innovation fund; 3 things credit hungry Singaporeans should know

And TransferWise opens an Asian hub in Singapore.

From Bloomberg via Yahoo!: Singapore is creating a S$1 billion ($718 million) fund to help innovative companies develop their businesses and expand overseas, part of the city state’s drive to boost economic growth.

From via Yahoo!: The latest report from Credit Bureau Singapore highlighted that consumers in the age group are the hungriest for credit as they formed the largest group of credit applicants in 2016. To give you a sense of numbers, around 858,000 20-somethings applied for loans and credit cards last year.

From Business Insider via Yahoo!: Online money transfer service TransferWise is launching a new regional hub in Singapore. The fintech business announced on Thursday that it is opening a new office in Singapore that will act as a hub for the Asia-Pacific region. TransferWise hopes to have 30 employees based there by the end of the year.




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