Xinhua, 16 Sep 2008
SINGAPORE, Sept. 16 (Xinhua) -- The collapse of Lehman Brothers, among other bad news in the U.S. financial industry, has created new uncertainties for Singapore's economy, Singapore's Trade and Industry Minister Lim Hng Kiang was quoted by local media on Tuesday.
Lim told Parliament that his ministry is closely monitoring the impact of these new developments on the city-state's economic growth, local radio 938LIVE reported.
He was referring to news of Lehman Brothers' filing for bankruptcy protection, the sale of Merrill Lynch to Bank Of America, and AIG being thrown a 20 billion US dollar lifeline by New York authorities.
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