Daily Briefing: PM Lee says government ‘cannot completely prevent' price hikes; VC fund Tin Men Capital raises US$100m

August 21, 2018

And VC firm Dymon Asia Ventures secures US$50m fintech funding.

From Yahoo! News Singapore:

The Singapore government “cannot completely prevent prices from increasing” despite doing its best approach to offset the burden from the citizens, prime minister Lee Hsien Loong said in his National Day Rally speech at the Institute of Technical Education Central in Ang Mo Kio.

Amidst rising water prices and fluctuating electricity tariffs, “the government has tried to keep inflation low and prices stable,” PM Lee noted. For instance, while water prices have gone up recently, the increase is the first time in nearly 20 years.  Read more...

Source: Singapore Business Review