Daily Briefing: ofo ordered to remove Singapore bikes after license suspension; SGD succumbs to near six-month low against MYR

Submitted By:  Luz Wendy Noble Case Study:  No And GIC leads $170.46m funding for Chinese biotech firm Burning Rock. From Channel News Asia: The Singapore dollar fell to a near six-month low against the Malaysian ringgit as the neighbouring country’s currency was boosted amidst Malaysia’s announcement that economic growth rose in Q4. Bloomberg data showed that the SGD fell to an intraday low of RM2.9912 before rising back up to RM2.9966 This is the lowest since the Singapore dollar touched RM2.9901 on Aug 21 last year. read more