Government reviews ageing computer systems to prevent delays in policy changes
As Singapore’s Central Provident Fund (CPF) scheme expands, its computer systems have grown increasingly complex. By 2020, they contained 34 million lines of code, meaning even seemingly simple policy changes could take a long time to implement.
singapore
US stocks rise after midterms, but doubts over AI investment returns linger
The US Democratic Party has won control of both houses of Congress in the midterm elections. Analysts say clarity over the election outcome could offer markets short-term relief, but tighter regulation may slow the expansion of artificial intelligence (AI) infrastructure and deepen the divergence in technology stocks. Returns on AI investment, fiscal policy and the situation in the Middle East will continue to drive market movements.
business
Strong demand expected for second Mount Pleasant BTO project launching next February
A second Build-To-Order (BTO) project in the Mount Pleasant area of Toa Payoh will be launched next February and is expected to be classified under the Prime Location Public Housing model. Analysts expect strong demand, with potentially two to three first-time homebuyer households vying for each four-room flat.
singapore
