Daily Briefing: Singapore tests digital currency system; How Fed rate policy affects Singapore

And here's why Toys "R" Us will never shut down despite lacklustre retail sector.

Monetary Authority of Singapore chief executive Ravi Menon said Singapore will unveil an electronic payment system using blockchain, which is the technology behind the cyprocurrency Bitcoin. The Singapore stock exchange and eight banks will take part in the pilot project, which includes payment between banks. Check out the rest of the story here.

The city-state will definitely bear implications of the impending Fed rate policy, especially if interest rate moves upwards. How will this affect Singapore? Click here to find out.

Toys "R" Us is planning to open two new stores in 2017 amidst retail market challenges. What has been working for the toy retailer that hasn't for all those big guys whose outlets have been dropping like flies? Read here to find out.

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