TechCrunch, 30 Oct 2010
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Singapore Appoints Electoral Panel Signaling Election Is Imminent
Nasdaq
SINGAPORE -(Dow Jones)- Singapore has appointed a committee to suggest changes to electoral boundaries, signaling that general elections are likely around the corner,... Full story
Only ‘A’ grades won’t help for admissions to Singapore's new medical school
TopNews New Zealand, 30 Oct 2010
To get admission into Singapore’s third medical school simply having ‘A’ grading will not be enough. The students will also need extra qualities like being a team player, being able to communicate well with other and also have excellent inter-personal skills. Full story
Related:
Singapore opens new Med School and sets Standards High - TopNews United Kingdom
Related:
Singapore opens new Med School and sets Standards High - TopNews United Kingdom
Glee's star rushed to hospital for food poisoning before Singapore concert
Examiner.com, 30 Oct 2010
Hours before her performance, the "Glee" star was brought to a hospital in Singapore due to food poisoning. Charice was rushed to the hospital before the concert "because she was vomiting," her mom, Raquel, told ABS-CBN News in a phone interview. Full story
Related:
Food poisoning downs Charice in Singapore - ABS-CBN News
Charice to perform at David Foster and Friends Concert in Singapore after rushed to hospital - Batangas Today
Charice rushed to hospital in Singapore due to food poisoning - Digital Journal
Charice rushed to the hospital in Singapore; Jennylyn Mercado recovers from heart attack - Manila Bulletin
Hours before her performance, the "Glee" star was brought to a hospital in Singapore due to food poisoning. Charice was rushed to the hospital before the concert "because she was vomiting," her mom, Raquel, told ABS-CBN News in a phone interview. Full storyRelated:
Food poisoning downs Charice in Singapore - ABS-CBN News
Charice to perform at David Foster and Friends Concert in Singapore after rushed to hospital - Batangas Today
Charice rushed to hospital in Singapore due to food poisoning - Digital Journal
Charice rushed to the hospital in Singapore; Jennylyn Mercado recovers from heart attack - Manila Bulletin
Indian Tourists Among Top Visitors To Singapore
Bernama.com, 30 Oct 2010
SINGAPORE, Oct 30 (Bernama) -- India is among the top five tourist-generating markets for Singapore, with 55,000 Indian tourists visiting the city state in September, Press Trust of India (PTI) quoted the Singapore Tourism Board (STB) as saying on Friday. Full story
OPINION: Both boon and bane - Seah Chiang Nee
Malaysia Star, 30 Oct 2010
WHEN the government recently launched a dating campaign for young singles, it received an earful that maybe it was holding the wrong end of the stick. A few men and women found it cool, but a wider response was: “Before you play Cupid, reduce the cost of living first!” Full story
Bids prove Singapore property market confidence
Property-report.com, 29 Oct 2010
Singapore’s property market is looking strong. It rarely does not, but there were no signs of cooling at a recent auction of the remaining 14 parcels of land at Sembawang Greenvale.
With approximately 50 bids per parcel, the winning bids ranged between S$2.25 million and S$26.15 million. Full story
With approximately 50 bids per parcel, the winning bids ranged between S$2.25 million and S$26.15 million. Full story
Insensitive Remarks Show Lack of Love, Says Pastor
The Christian Post, 29 Oct 2010
Repeat occurrences of pastors mocking other religions while preaching show that many Christians here do not love their neighbours, Singapore pastor Malcolm Tan has suggested in an article in the latest issue of Church & Society in Asia Today.
Drawing on the teachings of Methodist founder John Wesley, the Reverend Tan wrote: “Such an insensitive attitude on our part is a clear sign that we do not really love the very people whom we desire to reach with the love of God; hence our lack of sensitivity and courtesy.” Full story
Repeat occurrences of pastors mocking other religions while preaching show that many Christians here do not love their neighbours, Singapore pastor Malcolm Tan has suggested in an article in the latest issue of Church & Society in Asia Today.Drawing on the teachings of Methodist founder John Wesley, the Reverend Tan wrote: “Such an insensitive attitude on our part is a clear sign that we do not really love the very people whom we desire to reach with the love of God; hence our lack of sensitivity and courtesy.” Full story
OPINION: The money-making machine of Singapore Inc - Eric Ellis
The Sydney Morning Herald, 30 Oct 2010
IN THE fomenting debate over Singapore Inc's bid to buy a most vital pillar of Australia's economic architecture, there's something deliciously apt that the decisive call on the Australian Stock Exchange will probably be made by Canberra's independent members of parliament. Full story
Singapore billionaire makes offer for Thomson Medical
Business Spectator, 29 Oct 2010
SINGAPORE - Singaporean billionaire Peter Lim has offered to buy Thomson Medical Centre for $S513 million ($US396 million), hoping to tap into Asia's growing healthcare demand.
Mr Lim made the offer after his investment firm agreed to buy a 39.34 percent stake in the company from Thomson's largest shareholder and founder Dr Cheng Wei Chen and his family...Full story
Related:
Lim takes over control of Thomson Medical following failure of Liverpool deal - TopNews New Zealand
Mr Lim made the offer after his investment firm agreed to buy a 39.34 percent stake in the company from Thomson's largest shareholder and founder Dr Cheng Wei Chen and his family...Full story
Related:
Lim takes over control of Thomson Medical following failure of Liverpool deal - TopNews New Zealand
Singapore NGO Calls For Electoral Reform
Bernama.com, 29 Oct 2010
SINGAPORE: Singaporeans For Democracy (SFD), a non-governmental organisation (NGO), on Friday, Oct 29 submitted a report to the United Nations (UN) Universal Periodic Review on the need to have electoral reforms here. Full story
Related:
S'pore NGO calls for electoral reform - theedgemalaysia.com
Related:
S'pore NGO calls for electoral reform - theedgemalaysia.com
Singapore to comply on North Korea, Iran arms sanctions
INO.com, 29 Oct 2010
(AP:SINGAPORE) Singapore, which has one of the world's busiest shipping ports, says it will further restrict trade and shipping of arms to North Korea and Iran to comply with updated U.N. sanctions. Full story
Related:
Singapore to comply on NKorea, Iran arms sanctions - Ynetnews.com
Singapore Tightens Control On Strategic Trade With North Korea, Iran - Bernama.com
Singapore Tightens Control on Strategic Trade with N Korea, Iran - Malaysian Digest
(AP:SINGAPORE) Singapore, which has one of the world's busiest shipping ports, says it will further restrict trade and shipping of arms to North Korea and Iran to comply with updated U.N. sanctions. Full story
Related:
Singapore to comply on NKorea, Iran arms sanctions - Ynetnews.com
Singapore Tightens Control On Strategic Trade With North Korea, Iran - Bernama.com
Singapore Tightens Control on Strategic Trade with N Korea, Iran - Malaysian Digest
VIP check-in for dead Singaporeans
AFP
SINGAPORE — Funerals are normally sombre affairs but at the Nirvana Memorial Garden in Singapore mourners could be forgiven for thinking they had strayed into a luxury hotel with a mystical Asian theme.
The self-proclaimed "six star" columbarium, where families can store the ashes of their loved ones for a fee, offers a modern and lavish twist.... Full story
The self-proclaimed "six star" columbarium, where families can store the ashes of their loved ones for a fee, offers a modern and lavish twist.... Full story
SingTel Sponsorship Of Singapore Grand Prix Reports Wrong
PaddockTalk, 29 Oct 2010
Singapore telecommunications company SingTel has denied it has agreed a deal to extend its naming sponsorship of the city-state's night grand prix.
A spokesman for SingTel told us on Friday: "We are still in discussions with F1 management regarding the sponsorship of the Singapore grand prix." Full story
Related:
SingTel denies sealing new Singapore GP deal - Motorsport.com
A spokesman for SingTel told us on Friday: "We are still in discussions with F1 management regarding the sponsorship of the Singapore grand prix." Full story
Related:
SingTel denies sealing new Singapore GP deal - Motorsport.com
Ex-BP CEO Tony Hayward eyes role with Temasek
Telegraph.co.uk, 29 Oct 2010
Mr Hayward, who stood down as head of the oil company last month, is thought to be in early talks with the investment fund, which has holdings in a range of global stocks - including a 20pc stake in Standard Chartered, the UK-listed emerging markets bank.
If appointed, Mr Hayward – who remains as a non-executive director of TNK-BP, BP's Russian joint venture – would join the Temasek's international advisory panel. Full story
Related:
Exclusive: Former BP Boss Hayward In Talks With Temasek - Sky News Blog
Is Tony Hayward off to Singapore? - efinancialnews.com
If appointed, Mr Hayward – who remains as a non-executive director of TNK-BP, BP's Russian joint venture – would join the Temasek's international advisory panel. Full story
Related:
Exclusive: Former BP Boss Hayward In Talks With Temasek - Sky News Blog
Is Tony Hayward off to Singapore? - efinancialnews.com
Nuclear energy inevitable for Singapore
Eco-business.com, 29 Oct 2010
Singapore October 29 - The use of nuclear energy is going to be a matter of time for Singapore, industry players said yesterday at the Singapore Electricity Roundtable during Singapore International Energy Week.
“Nuclear is inevitable. Malaysia is going to build a nuclear plant … there is no point putting our head in the sand,” Ng Meng Poh, executive vice-president and head of the Singapore and ASEAN utilities division for Sembcorp Industries. Full story
“Nuclear is inevitable. Malaysia is going to build a nuclear plant … there is no point putting our head in the sand,” Ng Meng Poh, executive vice-president and head of the Singapore and ASEAN utilities division for Sembcorp Industries. Full story
Singapore unemployment drops to 2.1 pct in Q3
International Business Times, 29 Oct 2010
Singapore's seasonally adjusted overall unemployment rate declined slightly to 2.1 percent in third quarter ended September 2010 from 2.2 percent in second quarter ended June 2010, said the Ministry of Manpower on Friday. Among the resident labour force, the unemployment rate was 3.1 percent, also down by 0.1 percent point from 3.2 percent in June quarter. Full story
Related:
Singapore Unemployment Falls In Q3 - RTTNews
Singapore's jobless rate reaches lowest level since March 2008 - Monsters and Critics
Related:
Singapore Unemployment Falls In Q3 - RTTNews
Singapore's jobless rate reaches lowest level since March 2008 - Monsters and Critics
OPINION: Singapore after Australia's real mountain of gold - Michael Pascoe
The Sydney Morning Herald, 29 Oct 2010
The often overlooked fact is that mountains of iron ore aren't Australia's biggest or most minable asset. That title belongs to our superannuation system.
The Financial Services Council reckons we presently have $1.4 trillion in retirement savings. The FSC reckons that savings mountain will be $5 trillion by 2030, just 20 years time. Jeremy Cooper has used the projection of 6.1 trillion by 2035 – whatever, a trillion here or there, it is vast. Full story
The Financial Services Council reckons we presently have $1.4 trillion in retirement savings. The FSC reckons that savings mountain will be $5 trillion by 2030, just 20 years time. Jeremy Cooper has used the projection of 6.1 trillion by 2035 – whatever, a trillion here or there, it is vast. Full story
Singapore Visitor Arrivals Grew 18.4 pct in September 2010
AsiaTravelTips.com, 29 Oct 2010
Singapore visitor arrivals registered 18.4% growth in September 2010 to reach 947,000, the highest number of arrivals received in the month of September and the tenth consecutive month of record visitor arrivals for Singapore. September’s visitor arrivals can be partly attributed to the hosting of the Formula 1 Singtel Singapore Grand Prix..........Full story
Related:
Singapore Sep Visitor Arrivals At Record High - RTTNews
Singapore tourist arrivals rise 18.4 per cent in September - Monsters and Critics
Related:
Singapore Sep Visitor Arrivals At Record High - RTTNews
Singapore tourist arrivals rise 18.4 per cent in September - Monsters and Critics
U.S. dollar printing ‘out of control’: China
The Korean Herald, 28 Oct 2010
SHANGHAI (AP) Out-of-control printing of the U.S. dollar is forcing inflation on China, pushing up prices for commodities and labor, trade minister Chen Deming says in an escalation of rhetoric over currency and other tensions ahead of key international meetings.
“Uncontrolled printing of dollars and rising international prices for commodities are causing an imported inflationary ‘shock’ for China and are a key factor behind increasing uncertainty,” the state-run newspaper China Business News quoted Chen as saying while attending the autumn session of the Canton Trade Fair. Full storyi
“Uncontrolled printing of dollars and rising international prices for commodities are causing an imported inflationary ‘shock’ for China and are a key factor behind increasing uncertainty,” the state-run newspaper China Business News quoted Chen as saying while attending the autumn session of the Canton Trade Fair. Full storyi
Singapore Sep Manufactured Product Prices Drop
RTTNews, 29 Oct 2010
(RTTNews) - Singapore manufactured products price index fell 1.2% in September from the previous month, according to a report from the Department of Statistics, released on Friday. Full story
Related:
Singapore Sep Manufactured Product Prices Drop - INO.com
(RTTNews) - Singapore manufactured products price index fell 1.2% in September from the previous month, according to a report from the Department of Statistics, released on Friday. Full story
Related:
Singapore Sep Manufactured Product Prices Drop - INO.com
Currency wars reach Singapore
Nasdaq ,28 Oct 2010
Singapore, one of the world's most financially sophisticated economies, is making waves in the foreign exchange markets by electing to let its currency get stronger.
By raising the band in which it will let the Singapore dollar trade, the island powerhouse is effectively coming in on the side of countries that are still more concerned about inflation.... Full story
By raising the band in which it will let the Singapore dollar trade, the island powerhouse is effectively coming in on the side of countries that are still more concerned about inflation.... Full story
Singapore plans competition at the set-top
Global Telecom Business, 28 Oct 2010
Singapore is commissioning a set-top box that will allow residential customers to take services from different telecoms operators at the same time via the country’s next-generation national broadband network. The box — expected to be available in prototype in the second quarter of 2011 — will be connected to the national carrier-neutral fibre-to-the-home network.... Full story
Singapore group to develop "next-generation" cars
MSN Philippines News, 28 Oct 2010
An international consortium backed by the Singapore government Thursday launched ten research projects to develop technology for "next-generation" vehicles.
The Capabilities for Automotive Research 11-member consortium, which includes industry heavyweights such as German smart phone chipmaker Infineon, will work on areas such as anti-collision steering systems and wireless charging of electronic cars. Full story
Related:
Singapore’s A*STAR funding 8 new projects for advanced automotive technology; wireless charging for EVs - Favstocks.com
The Capabilities for Automotive Research 11-member consortium, which includes industry heavyweights such as German smart phone chipmaker Infineon, will work on areas such as anti-collision steering systems and wireless charging of electronic cars. Full story
Related:
Singapore’s A*STAR funding 8 new projects for advanced automotive technology; wireless charging for EVs - Favstocks.com
Singapore assures public eggs and poultry from Malaysia are safe
World Poultry, 28 Oct 2010
There were reports that a few poultry farms in Malaysia, which are exporting eggs to Singapore, had been affected by Newcastle Disease.
The Agri-Food & Veterinary Authority (AVA) of Singapore assures to the public that the disease does not pose a risk to food safety and only affects animal health and farm production. Full story
The Agri-Food & Veterinary Authority (AVA) of Singapore assures to the public that the disease does not pose a risk to food safety and only affects animal health and farm production. Full story
OPINION: Bocker’s ASX-SGX dream turns into a nightmare - Gwen Robinson
FT Alphaville, 28 Oct 2010
It seemed like such a good idea at the time…
For Magnus Bocker, chief executive of the Singapore Exchange, SGX’s A$8.1bn ($7.9bn) offer for the larger (but less profitable) ASX was the key to his dream of running a powerhouse exchange. Full story
Related:
ASX takeover faces the axe - Adelaide Now
Singaporean investors doubt ASX deal - The Australian
SGX Must Battle Sentimentality, Politics for ASX - The Jakarta Globe
Australians lash out at merger plan - The Province
It seemed like such a good idea at the time…For Magnus Bocker, chief executive of the Singapore Exchange, SGX’s A$8.1bn ($7.9bn) offer for the larger (but less profitable) ASX was the key to his dream of running a powerhouse exchange. Full story
Related:
ASX takeover faces the axe - Adelaide Now
Singaporean investors doubt ASX deal - The Australian
SGX Must Battle Sentimentality, Politics for ASX - The Jakarta Globe
Australians lash out at merger plan - The Province
VIDEO: RSA Animate - Smile or Die
Youtube, 17 Mar 2010
Acclaimed journalist, author and political activist Barbara Ehrenreich explores the darker side of positive thinking.
Acclaimed journalist, author and political activist Barbara Ehrenreich explores the darker side of positive thinking.
S$50 million sales reported at Singapore property expo
Property-report.com, 28 Oct 2010
More than S$50 million (US$38.4 million) worth of property deals were done at the inaugural iProperty.com Expo, which took place at Marina Bay Sands in Singapore last weekend.
Seemingly undeterred by cooling measures announced by the Singapore government and the smoky haze hanging over the city, there was immense interest with more than 10,000 people attending the Expo....Full story
Seemingly undeterred by cooling measures announced by the Singapore government and the smoky haze hanging over the city, there was immense interest with more than 10,000 people attending the Expo....Full story
Las Vegas Sands Beats Estimates on Asia Casino Growth
Bloomberg, 28 Oct 2010
“Strong revenue growth and increases in operational efficiency in Macau and outstanding results at Marina Bay Sands in Singapore contributed to substantial margin expansion,” Adelson said in the statement. “We are confident that Marina Bay Sands will provide an ideal platform for strong growth and outstanding returns.” Full story
S'pore Churches Face Crisis of Bible Illiteracy: Theologian
Christian Post, 28 Oct 2010
The trend of Christians knowing little about the Holy Bible is by no means confined to the West. Singapore churches face the same problem, suggests theologian Tony Siew. And churches, seminaries and churchgoers themselves are to blame for it.
Dr Siew was commenting in his weblog on research findings released by Pew Research Center on September 28. Full story
Dr Siew was commenting in his weblog on research findings released by Pew Research Center on September 28. Full story
JooJoo Tablet Promises To Be Back in a New Avatar
Wired.com, 27 Oct 2010
The ill-fated JooJoo tablet that debuted the same weekend as the Apple iPad had fallen off the radar for the last few months. But now the Singapore-based Garage Fusion Garage says it will be back next year with a new family of tablets based partly on the Android operating system. Full story
OPINION: Are you paying too much for SingTel's Multi-SIM plan? - Darius Chang
CNET Asia, 27 Oct 2010
Micro-SIM cards, used almost exclusively in the Apple iPhone 4 and iPad, are simply normal-sized versions with most of the plastic removed. In fact, we've found that all it takes for a normal SIM card to fit into a micro-SIM slot is a handy pair of scissors and a file. Full story
Singapore To Make Changes To Cabinet On November 1
Bernama.com, 27 Oct 2010
SINGAPORE, Oct 27 (Bernama) -- The Singapore government Wednesday announced a minor reshuffle to the current cabinet line-up that will take effect from Monday.
A statement from the Prime Minister's Office Wednesday evening said Law Minister K. Shanmugam would concurrently be appointed as the Home Affairs Minister, replacing Wong Kan Seng who is also Deputy Prime Minister. Full story
Related:
Singapore announces changes to cabinet - People's Daily Online
Singapore Indian gets Home portfolio - The Hindu
Singapore Outlines Changes To Cabinet And Other Appointments - Gov Monitor
A statement from the Prime Minister's Office Wednesday evening said Law Minister K. Shanmugam would concurrently be appointed as the Home Affairs Minister, replacing Wong Kan Seng who is also Deputy Prime Minister. Full story
Related:
Singapore announces changes to cabinet - People's Daily Online
Singapore Indian gets Home portfolio - The Hindu
Singapore Outlines Changes To Cabinet And Other Appointments - Gov Monitor
OPINION: Singapore's New Weapon Against Dissent - Paul Karl Lukacs
Asia Sentinel, 27 Oct 2010
The Temasek Review is a more formidable operation. In 2009, one or more unidentified anti-PAP dissidents began publishing news, analysis and opinion on the website. The site's domain name (www.temasekreview.com) was registered by proxy, and the site indicates it operates through a business entity in Panama, far outside the jurisdiction of the Singaporean courts... Full story
OPINION: Fewer foreigners wanted in Singapore - Megawati Wijaya
Asia Times Online, 27 Oct 2010
SINGAPORE - Singapore's open-door immigration policy for foreign labor is closing amid persistently high unemployment in Europe and the United States. The island state has recently relied on foreign talent to propel its competitiveness but local politics and global economics have motivated a tightening of immigration rules. Full story
Singapore scientists discover origin of brain immune cells
Xinhua, 27 Oct 2010
SINGAPORE, Oct. 27 (Xinhua) -- Singapore scientists have made a breakthrough that could lead to a better understanding of many neurodegenerative and inflammatory brain disorders, the country's Agency of Science, Technology and Research(A*STAR) said on Wednesday. Full story
97pc of Singaporeans work harder to keep spark in marriage in first 5 years
newKerala.com, 27 Oct 2010
New Delhi, Oct 27 : In the first five years of marriage, 97 percent of Singaporeans make small gestures to pacify their spouses when they are unhappy with them, suggests a new survey. However, the number drops to 88 percent for those married for more than five years. Full story
Singapore's inflation will continue to rise in Q4 2010 : MAS
RTTNews, 27 Oct 2010
Singapore's headline inflation will continue to rise in the fourth quarter on account of strong domestic cost pressures, said the Monetary Authority of Singapore on Wednesday.
The central bank in its macroeconomic review said consumer price inflation will climb to around 4% at the end of 2010 and stay high in the first half of next year before moderating. Consumer price inflation rose to 3.7% in September 2010 from 3.3%. Full story
The central bank in its macroeconomic review said consumer price inflation will climb to around 4% at the end of 2010 and stay high in the first half of next year before moderating. Consumer price inflation rose to 3.7% in September 2010 from 3.3%. Full story
Singapore Exchange's Bocker Faces Revolt Over ASX Takeover
Bloomberg, 27 Oct 2010
Singapore Exchange Ltd. posted its worst two-day drop in two years after Chief Executive Officer Bocker unveiled an $8 billion takeover of ASX Ltd. this week. Australian Green party leader Bob Brown said he won’t support the bid and Tokyo Stock Exchange Group Inc., with a 5 percent stake in its Singapore rival, warned it will be saddled with losses.
For the 49-year-old marathoner, winning in Asia may prove harder than in Europe, where he combined companies from Lithuania to Iceland to create the region’s fifth-largest exchange. JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG cut ratings on Singapore Exchange yesterday, citing regulation, debt and ASX’s growth outlook. Full story
Related:
Analysis: Singapore raid on ASX doomed - WA Business News
For the 49-year-old marathoner, winning in Asia may prove harder than in Europe, where he combined companies from Lithuania to Iceland to create the region’s fifth-largest exchange. JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG cut ratings on Singapore Exchange yesterday, citing regulation, debt and ASX’s growth outlook. Full story
Related:
Analysis: Singapore raid on ASX doomed - WA Business News
Singapore Says Capital Flows Into Asian Economies Pose Risks
Bloomberg, 27 Oct 2010
Singapore’s central bank said Asia faces growing risks from capital inflows and called for “close monitoring” by policy makers to avoid a disorderly reversal.
“Inflationary pressures remain significant in Asia,” the central bank said. “Large capital inflows into the region have continued to fuel activities and prices in the asset markets, which could also pose a risk to the inflation outlook.” Full story
Related:
Singapore's central bank warns of inflationary risks for Asia - Monsters and Critics
“Inflationary pressures remain significant in Asia,” the central bank said. “Large capital inflows into the region have continued to fuel activities and prices in the asset markets, which could also pose a risk to the inflation outlook.” Full story
Related:
Singapore's central bank warns of inflationary risks for Asia - Monsters and Critics
Retraction And Apology
Defamation Against Sunny George Verghese
On or about 13 Oct 2010, we posted and published an article written by Richard Hutchinson entitled "Higher roller loses $76.5 million in S'pore casino" on our website (http://singaporenewsalternative.blogspot.com/2010/10/higher-roller-loses-765-million-in.html) ("Defamatory Articel'). The Defamatory Article was reproduced from a foreign website (http://www.liveoddsandscores.com/news/betting-industry-news/4215216/higher-roller-loses-76.5-milion-in-singapore-casino)
The Defamatory Article was understood to refer to Mr Sunny George Verghese and contained the following statements and allegations ("untrue Allegations"):
a. Mr Sunny George Verghese is and/or has been engaged in gambling.
b. Mr Sunny George Verghese is and/or has been an excessive and/or compulsive gambler who has been accused of being an imprudent and/or reckless businessman and individual.
We hereby unreservedly retract the Untrue Allegations and the Defamatory Article. We acknowledge and accept that the Untrue Allegations are defamatory of Mr Verghese and are entirely false and baseless.
We also apologise unreservedly to Mr Verghese for the display and circulation of the Defamatory Article and for the publication of the Untrue Allegations.
Adminstrator,
Singapore News Alternative
On or about 13 Oct 2010, we posted and published an article written by Richard Hutchinson entitled "Higher roller loses $76.5 million in S'pore casino" on our website (http://singaporenewsalternative.blogspot.com/2010/10/higher-roller-loses-765-million-in.html) ("Defamatory Articel'). The Defamatory Article was reproduced from a foreign website (http://www.liveoddsandscores.com/news/betting-industry-news/4215216/higher-roller-loses-76.5-milion-in-singapore-casino)
The Defamatory Article was understood to refer to Mr Sunny George Verghese and contained the following statements and allegations ("untrue Allegations"):
a. Mr Sunny George Verghese is and/or has been engaged in gambling.
b. Mr Sunny George Verghese is and/or has been an excessive and/or compulsive gambler who has been accused of being an imprudent and/or reckless businessman and individual.
We hereby unreservedly retract the Untrue Allegations and the Defamatory Article. We acknowledge and accept that the Untrue Allegations are defamatory of Mr Verghese and are entirely false and baseless.
We also apologise unreservedly to Mr Verghese for the display and circulation of the Defamatory Article and for the publication of the Untrue Allegations.
Adminstrator,
Singapore News Alternative
Kissing or heavy petting barred in Singapore mall
Thaindian News, 26 Oct 2010
A shopping mall in Singapore has put up notices banning couples from getting cozy and kissing in the rest area.
According to Nanyang Siang Pau, the notices were placed on the second to fourth levels of the rest area in Mandarin Gallery, urging shoppers not to eat, sleep or engage in intimate acts.
The mall management took action following complaints from shop owners on shoppers occupying the sofa in the rest area for a long time and couples behaving intimately. Full story
Related:
Kissing or heavy petting barred in Singapore mall - Sify News
According to Nanyang Siang Pau, the notices were placed on the second to fourth levels of the rest area in Mandarin Gallery, urging shoppers not to eat, sleep or engage in intimate acts.
The mall management took action following complaints from shop owners on shoppers occupying the sofa in the rest area for a long time and couples behaving intimately. Full story
Related:
Kissing or heavy petting barred in Singapore mall - Sify News
Singapore drivers to face new ERP toll hikes
CNNGo.com, 26 Oct 2010
Driving is already a privilege in Singapore.
And come next month it will become more expensive on a daily basis when the Electronic Road Pricing (ERP) rates goes up by S$1 per car at 23 gantries across the island.
The 23 toll points account for one-third of the total network and this price hike is the latest and one of the most extensive since the ERP was introduced in 1998.
ERP rate adjustments are not new to Singapore, rates are usually adjusted on a quarterly basis and based on road usage. Full story
And come next month it will become more expensive on a daily basis when the Electronic Road Pricing (ERP) rates goes up by S$1 per car at 23 gantries across the island.
The 23 toll points account for one-third of the total network and this price hike is the latest and one of the most extensive since the ERP was introduced in 1998.
ERP rate adjustments are not new to Singapore, rates are usually adjusted on a quarterly basis and based on road usage. Full story
Singapore Records Double-Digit Growth In Manufacturing Output
Bernama.com, 26 Oct 2010
SINGAPORE, Oct 26 (Bernama) -- Singapore's total manufacturing output recorded a double-digit growth in September, pushed by the strong performance in the pharmaceuticals industry.
In its monthly report released on Tuesday, the Economic Development Board (EDB) said the city-state's manufacturing output increased 26.2 per cent from a year ago.
It also said manufacturing output expanded 31.9 per cent for the first nine months of this year. Full story
Related:
Singapore manufacturing output grows 26.2 per cent - Monsters and Critics
Industrial production in Singapore - International Business Times
Singapore's industrial output up - BBC News
In its monthly report released on Tuesday, the Economic Development Board (EDB) said the city-state's manufacturing output increased 26.2 per cent from a year ago.
It also said manufacturing output expanded 31.9 per cent for the first nine months of this year. Full story
Related:
Singapore manufacturing output grows 26.2 per cent - Monsters and Critics
Industrial production in Singapore - International Business Times
Singapore's industrial output up - BBC News
Curtin Singapore offers business courses for Indians in Singapore
The Economic Times, 26 Oct 2010
NEW DELHI: Curtin Singapore, a unit of Australia's Curtin University , has launched three post-graduate business courses for Indian students in Singapore .
The programmes launched here Monday are master of international business, master of finance and graduate certificate in finance. Full story
The programmes launched here Monday are master of international business, master of finance and graduate certificate in finance. Full story
DBS aims to widen India focus, build customer banking base
India Infoline, 26 Oct 2010
Singapore's largest lender DBS Bank Ltd, which has largely limited itself to credit for large corporations, besides treasury and advisory services, aims to widen its focus to build a consumer banking base in Asia's third largest economy. DBS has chalked out a strategy to generate at least 25-30% of its deposits from retail customers in the next three years and build a foundation for its other businesses such as funding small industrial units, wealth management and cash management services, said Sanjiv Bhasin, general manager and chief executive officer, DBS Bank, India. Full story
Singapore investors sue Morgan Stanley for alleged CDO fraud
Reuters, 25 Oct 2010
(Reuters) - Morgan Stanley was sued by a group of Singapore investors that accused it of rigging a bond sale related to collateralized debt obligations in order to wipe out their $154.7 million investment.
The lawsuit is the latest challenging banks' creation and marketing of CDOs, following the U.S. Securities and Exchange Commission's lawsuit in April accusing Goldman Sachs Group Inc of structuring a CDO known as Abacus to benefit hedge fund investor John Paulson at the expense of other investors. Full story
The lawsuit is the latest challenging banks' creation and marketing of CDOs, following the U.S. Securities and Exchange Commission's lawsuit in April accusing Goldman Sachs Group Inc of structuring a CDO known as Abacus to benefit hedge fund investor John Paulson at the expense of other investors. Full story
Political heat rising on ASX takeover by SGX, human rights issue raised
Brisbane Times, 26 Oct 2010
Australian Greens leader Bob Brown has launched a scathing attack on the human rights record of the Singapore government as he flagged his party's opposition to a merger of the Australian Stock Exchange (ASX) and the Singapore Exchange.
Earlier the coalition demanded the government show why the merger was in the national interest.
Senator Brown said the merger proposal was a subjugation of the ASX by a company 25 per cent owned by the Singapore government. Full story
Related:
Greens, Coalition want proof ASX merger is in Australia's national interest - The Australian
Political heat rising on ASX takeover - Financial Standard
Brown against Singapore takeover of ASX - The Sydney Morning Herald
Singapore Takeover of ASX May Threaten Australian Interests, Hockey Says - Bloomberg
Brown condemns Singapore's rights record - BigPondNews
Bob Brown links Singapore human rights to Australian Stock Exchange merger - Perth Now
Singapore Exchange's ASX Bid Triggers Australian Backlash - Bloomberg
SGX Takeover of ASX Faces Political Hurdles - ABC News
Australia's shadow treasurer questions ASX, Singapore Exchange merger - International Business Times
Australian Lawmakers Attack Singapore ASX Takeover - ABC News
Singapore Exchange's ASX Proposal set off Australian Backlash - TopNews Arab Emirates
ASX takeover faces big hurdles - watoday.com.au
Australian lawmakers attack Singapore ASX takeover - Forbes.com
Singapore's bid for Australian stock exchange meets resistance - Monsters and Critics
SGX takeover of ASX faces political hurdles - Moneycontrol.com
ASX merger faces political hurdles - Business Spectator
Australia-Singapore bourse deal faces hurdles - MENAFN.com
Bob Brown Links Singapore Human Rights To Australian Stock Exchange Merger - Peace FM Online
Singapore takeover bid for ASX questioned in Australia - BBC News
Australia backlash against Singapore bourse merger - AFP
MPs unite to oppose ASX deal - Courier Mail
ASX sale provokes political uproar - The Sydney Morning Herald
Politically, takeover of ASX hard to swallow - The Sydney Morning Herald
ASX Singapore merger in political crossfire - The Australian
Australian lawmakers attack Singapore ASX takeover - Asian Correspondent
Australian backlash threatens to derail Singapore bourse merger - The China Post
Australian lawmakers attack Singapore ASX takeover - BusinessWeek
Key Australian Lawmakers Join Opposition to Singapore Takeover of Exchange - Bloomberg
Independents to oppose ASX takeover - The Sydney Morning Herald
Earlier the coalition demanded the government show why the merger was in the national interest.
Senator Brown said the merger proposal was a subjugation of the ASX by a company 25 per cent owned by the Singapore government. Full story
Related:
Greens, Coalition want proof ASX merger is in Australia's national interest - The Australian
Political heat rising on ASX takeover - Financial Standard
Brown against Singapore takeover of ASX - The Sydney Morning Herald
Singapore Takeover of ASX May Threaten Australian Interests, Hockey Says - Bloomberg
Brown condemns Singapore's rights record - BigPondNews
Bob Brown links Singapore human rights to Australian Stock Exchange merger - Perth Now
Singapore Exchange's ASX Bid Triggers Australian Backlash - Bloomberg
SGX Takeover of ASX Faces Political Hurdles - ABC News
Australia's shadow treasurer questions ASX, Singapore Exchange merger - International Business Times
Australian Lawmakers Attack Singapore ASX Takeover - ABC News
Singapore Exchange's ASX Proposal set off Australian Backlash - TopNews Arab Emirates
ASX takeover faces big hurdles - watoday.com.au
Australian lawmakers attack Singapore ASX takeover - Forbes.com
Singapore's bid for Australian stock exchange meets resistance - Monsters and Critics
SGX takeover of ASX faces political hurdles - Moneycontrol.com
ASX merger faces political hurdles - Business Spectator
Australia-Singapore bourse deal faces hurdles - MENAFN.com
Bob Brown Links Singapore Human Rights To Australian Stock Exchange Merger - Peace FM Online
Singapore takeover bid for ASX questioned in Australia - BBC News
Australia backlash against Singapore bourse merger - AFP
MPs unite to oppose ASX deal - Courier Mail
ASX sale provokes political uproar - The Sydney Morning Herald
Politically, takeover of ASX hard to swallow - The Sydney Morning Herald
ASX Singapore merger in political crossfire - The Australian
Australian lawmakers attack Singapore ASX takeover - Asian Correspondent
Australian backlash threatens to derail Singapore bourse merger - The China Post
Australian lawmakers attack Singapore ASX takeover - BusinessWeek
Key Australian Lawmakers Join Opposition to Singapore Takeover of Exchange - Bloomberg
Independents to oppose ASX takeover - The Sydney Morning Herald
Singapore Igniting Exchange Speculation in Malaysia
Bloomberg, 25 Oct 2010
Shares of the Hong Kong and Malaysia stock exchanges jumped yesterday after the takeover of ASX Ltd. ignited merger-and-acquisition speculation in Asian markets.
Investors punished Singapore Exchange Ltd., driving its stock down the most in two years, for agreeing to pay A$8.4 billion ($8.35 billion) for Australia’s main bourse. At the same time, Hong Kong Exchanges & Clearing Ltd., which manages Asia’s No. 3 stock market, climbed to the highest level since January 2008, and Bursa Malaysia Bhd. jumped the most since March. Full story
Investors punished Singapore Exchange Ltd., driving its stock down the most in two years, for agreeing to pay A$8.4 billion ($8.35 billion) for Australia’s main bourse. At the same time, Hong Kong Exchanges & Clearing Ltd., which manages Asia’s No. 3 stock market, climbed to the highest level since January 2008, and Bursa Malaysia Bhd. jumped the most since March. Full story
Forces free hijacked German cargo ship off Africa; Somali pirates get away
Canadian Business Online, 25 Oct 2010
BERLIN (AP) - German military and international anti-piracy forces attacked a cargo ship being held by Somali pirates off eastern Africa and freed it Monday, but the hijackers got away, the German shipping company said.
None of the 16 crew members aboard the Beluga Fortune, which was seized by Somali pirates about 1,200 miles (1,930 kilometers) east of Mombasa, Kenya, on Sunday morning, was harmed in the ordeal, Verena Beckhusen, a spokeswoman for the shipping company Beluga-Reederei, told The Associated Press. Full story
Related:
German ship freed: regional body - People's Daily Online
None of the 16 crew members aboard the Beluga Fortune, which was seized by Somali pirates about 1,200 miles (1,930 kilometers) east of Mombasa, Kenya, on Sunday morning, was harmed in the ordeal, Verena Beckhusen, a spokeswoman for the shipping company Beluga-Reederei, told The Associated Press. Full story
Related:
German ship freed: regional body - People's Daily Online
Fifty-Percent Increase in the Number of Women Suffering from HIV in Singapore
TopNews United Kingdom, 25 Oct 2010
The Ministry of Health while releasing the data of infected people for the year has informed that there were 463 cases of HIV in Singapore last year. It was also revealed that out of the 463 cases, 418 were related to men, out of whom 115 men were married or were in long-term relationships.
The number of women infected by the virus rose by 50% from 30 to 45 this year. It was found that most of the women, who were infected by the virus, were in long-term relationships or were married. Full story
The number of women infected by the virus rose by 50% from 30 to 45 this year. It was found that most of the women, who were infected by the virus, were in long-term relationships or were married. Full story
Meticulous Study On KL-Singapore High-speed Train Before Year-end
Bernama.com, 25 Oct 2010
KUALA LUMPUR, Oct 25 (Bernama) - A meticulous study on the Kuala Lumpur-Singapore high-speed train will be undertaken before the project is recommended to the government for approval, Minister in the Prime Minister's Department, Datuk Seri Idris Jala, said Monday.
"By end of this year, a study will be completed on the pros and cons of doing it," Idris said when asked if the Kuala Lumpur-Singapore high-speed train was being considered as one of the high impact projects. Full story
"By end of this year, a study will be completed on the pros and cons of doing it," Idris said when asked if the Kuala Lumpur-Singapore high-speed train was being considered as one of the high impact projects. Full story
DBS eyeing Indonesia assets but not China bank stakes
Reuters, 25 Oct 2010
Oct 25 (Reuters) - DBS Group (DBSM.SI), aiming to expand beyond its home base of Singapore, is open to buying Indonesian assets that offer good returns but is not interested for now in Chinese banks where it can only get minority stakes, its chief executive said.
He told the briefing that Indonesian assets are expensive, but he would consider acquisitions because Indonesia is a "very good return market." Full story
He told the briefing that Indonesian assets are expensive, but he would consider acquisitions because Indonesia is a "very good return market." Full story
Fear of Korean Government intervention prompted Temasek to dump Hana
The Korea Times, 25 Oct 2010
Temasek Holdings of Singapore sold off its sizeable stake in Hana Financial because of fears that the latter’s plan to acquire Woori Financial might invite intervention by the Korean government in the merged financial provider, said a high-placed source familiar with the issue, Monday.
“Temasek was afraid the government would intervene in Hana’s management if it merged with Woori,” the source told The Korea Times on condition of anonymity. Full story
“Temasek was afraid the government would intervene in Hana’s management if it merged with Woori,” the source told The Korea Times on condition of anonymity. Full story
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