Daily Briefing: MAS offers grants to spur local bond ratings; ST Engineering aims growth in robotics

And ramped up supply may not be enough for developers.

From Bloomberg via Yahoo!: The Monetary Authority of Singapore will start offering grants to offset costs incurred by issuers seeking credit ratings for Singapore dollar-denominated bonds. “MAS would like to see a higher share of rated issuances in the SGD bond market,” the regulator said, referring to Singapore dollar notes. “Currently only about half of the outstanding volume of SGD bonds are rated.”

From The Motley Fool Singapore: In April 2015, ST Engineering partnered with Nanyang Technological University to set up a joint research lab to develop advanced robotics and autonomous systems. The joint venture, named ST Engineering-NTU Corporate Laboratory, seeks to improve in areas such as airport operations and disaster rescue.

From PropertyGuru: Analysts believe the ramped up supply of development sites under the Government Land Sales (GLS) programme for H2 2017 is insufficient to meet the developers’ demand for sites given the declining stock of unsold private homes. Announced yesterday, the H2 2017 GLS Programme comprise six sites on the confirmed list and 10 reserve list sites.

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