Chee Hong Tat announced that the Monetary Authority of Singapore has allocated funds to asset managers. The amount allocated is S$1.45 billion, which will be distributed among five asset managers. This allocation is part of the third batch of the EQDP.

Further details about the allocation and the selected asset managers can be found in the source. The source reports on the allocation made by the Monetary Authority of Singapore.

The source, The Business Times, provides more information on this development, including the announcement made by Chee Hong Tat.