Daily Briefing: Weak GDP stirs talk of policy easing; Fastacash raises $15m Series B funding

And here are 4 government apps you shouldn’t overlook.

Singapore's economy contracted in the second quarter as sluggish global demand and government restrictions on foreign labour knocked the manufacturing sector, raising the prospect of further monetary easing later this year. Read more here.
Fintech company Fastacash announced today it has raised US$15 million in a series B funding round. The company claims it is one of the largest series B investments for a fintech company in Singapore. The round was led by Rising Dragon Singapore, and participating investors include Russian fintech venture capital firm Life.Sreda and UVM 2 Venture Investments. Find out more here.
From tracking calories and bus arrival times to locating clinics, here are some of the useful government apps that Singaporeans shouldn’t overlook. Read more here.

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