Daily Briefing: Dalio grants $33.95m to train asset managers. policymakers; How SGInnovate will further support deep tech

And COE prices close mixed in latest bidding exercise.

From ChannelNewsAsia:

Wealth Management Institute (WMI), a nonprofit educational and research institute, announced on 21 October that it will launch a programme to train policymakers and investment professionals on universal principles of market behaviour.

The Dalio Sustainable Market Principles Program, which will commence its courses next year, is aimed at enhancing the capabilities and expertise of policymakers and asset managers, said WMI in a press release.

It will cover economic and market fundamentals, portfolio construction and risk management, as well as case studies.

Billionaire investor and philanthropist Ray Dalio, who has advised policymakers and Singapore’s sovereign wealth funds since the 1990s, gave a $33.95m (US$25m) grant to WMI for the new programme.

The grant, made from Dalio Philanthropies, may also be used to support research, signature conferences, and other thought leadership forums.

Read more here. 

From e27:

Of all the tech industries, the deep tech industry in Singapore has gathered a large amount of interest from the government in recent years. Earlier this year, the government announced a $300m (US$221m) addition into Startup SG Equity as proof of its support for the deep tech scene.

Dr Lim Jui, CEO at SGInnovate, defines deep tech as unique, cutting-edge technologies that demand a high degree of specialisation from both its inventors and practitioners.

At a working level, it means technologies derived from relatively recent research with the potential for strong intellectual property (IP) protection.

These are emerging technologies that could entail elements of AI, machine learning, and blockchain that have the potential to solve bigger issues surrounding the world.

For example, medical devices or drugs that can increase lifespan, AI that can forecast natural disasters, or clean energy solutions that can help mitigate the risks of global warming.

Read more here.

From ChannelNewsAsia:

Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on 21 October.

For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at $37,334, up from $36,534 in the last exercise.

Premiums for larger and more powerful cars in Category B rose to $40,990 from $40,690.

COEs for commercial vehicles, which include goods vehicles and buses, rose to $33,778 from $33,089 in the previous bidding exercise.

Motorcycle premiums closed at $7,300, down from $7,451 in the last exercise.

Read more here.