Daily Briefing: Investment banking spirals down; Former BSI banker found guilty in Singapore 1MDB case

And what will the new GovTech offer the public sector?

Singapore investment bankers are on to difficult times as the slowdown in economic activity has resulted in a contraction in the number of deals. The problem is compounded by the rise of Chinese investment banks which are aggressively capturing market share. Click here to know more about the story.

Yak Yew Chee, a former BSI SA private banker, became the first person to be found guilty in a Singapore case linked to 1Malaysia Development Bhd. He also became the first banker to be convicted in the global corruption and money laundering probes surrounding the Malaysian investment fund. Read the full story here.

Singapore set up a brand new government department known as GovTech. This new institution aims to transform the public sector. The Government Technology Agency of Singapore, or GovTech for short, is far from the average boring and prosaic government office one might picture. Get to know what it will do by clicking here.