Daily Briefing: Australia gets Singapore defence investment boost; HDB resale volume hits new high

And family businesses play big role in nation-building.

Singapore will invest up to US$1.67 billion in Australia's defence infrastructure and hike troop numbers it sends for training, Prime Minister Malcolm Turnbull said Friday. Read more here.

The number of HDB resale flats sold in Singapore in April this year has hit a new high with 1,828 units sold since the implementation of the Additional Buyer’s Stamp Duty (ABSD) and Total Debt Servicing Ratio (TDSR) in 2013. Find out more here.

Family businesses in many of Asia's emerging markets (EMs) have long spearheaded economic development by being better providers of public goods than local governments. Read more here.

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