Daily Briefing: Healthcare subsidy income ceiling to rise by up to $300 in October; Hospitality start-up RedDoorz secures $61.6m in series B round

And Singapore-based robo-advisor StashAway bags $16.4m in series B funding.

From Channel News Asia:

More than 365,000 Singaporeans will benefit from higher healthcare subsidies, after the Ministry of Health (MOH) announced on Saturday that it has revised the means-tested income criteria.

The income ceiling will be raised for each subsidy tier, with increases ranging from $100 to $300. This will be implemented by October, said MOH.

Eligible Singaporeans will be able to get subsidies for schemes and services such as MediShield Life premiums, drugs at polyclinics and public specialist outpatient clinics, as well as the Seniors’ Mobility and Enabling Fund. The revised income criteria also applies to the Community Health Assist Scheme (CHAS), and the MOH said that it will issue replacement cards for existing CHAS cardholders who quality for a higher tier by October.

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