Singapore Savings Bonds

The Savings Bonds will also have a maximum term of 10 years, which will allow individuals to save for the long term and receive higher long-term interest rates.

Bond-holders can also choose to get their money back at any time, with no penalty, ensuring that individual investors do not have to decide upfront how long they wish to invest.

The bonds, which can only be bought by individuals, will be sold in denominations of $500, with a set limit to maximise participation.

MAS said that more information on how to apply for the Savings Bonds will be provided closer to the launch date.

- See more at: http://business.asiaone.com/news/new-singapore-savings-bonds-pay-higher-interest-over-time#sthash.oHV67Ob7.dpuf

Kraft and Heinz will merge

Kraft Foods Group Inc, the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc, to form North America's third-largest food and beverage company.

Kraft shareholders will get one share in the combined company, to be called the Kraft Heinz Co, and a special cash dividend of $16.50 for every share held.

Heinz shareholders will own 51 percent of the combined company and Kraft shareholders the rest.

John little and Marks and Spencer scaled down

马莎百货将在本月底（29日）撤出驻扎多年的乌节路先得坊（The Centrepoint）购物中心；John Little将在下月26日和第四季先后关闭滨海广场（Marina Square）和中峇鲁广场（Tiong Bahru Plaza）的店面。

No need to top up medisave minimum sum from year 2016 onwards

The Medisave Minimum Sum requirement will be scrapped from next year, so people will no longer need to top up their accounts to this amount - which now stands at $43,500 - before they can withdraw their Central Provident Fund (CPF) monies at the age of 55.