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  • August 29, 2014
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  1. Business - Money

    Singapore wealth fund GIC warns of bleak prospects

    Posted Aug 04th 2014, 03:40am by AFP

    ... Agence France-Presse in Singapore State fund GIC warns of bleak prospects Singapore sovereign wealth fund GIC, which manages more than US$100 billion of the city state's foreign reserves, warned of a tough investment outlook over the next decade as global central banks withdraw ultra-easy monetary policies. GIC said the prices of all major asset classes had been inflated ...

    http://www.scmp.com/business/money/markets-investing/article/1565717/singapore-wealth-fund-gic-warns-bleak-prospects
  2. News - Asia - SINGAPORE

    Toll protest causes long traffic jam at Singapore-Malaysia border

    Posted Aug 01st 2014, 02:12pm by Agence France-Presse in Singapore

    ... Agence France-Presse in Singapore Bus drivers angry at steep rises in tolls charged to cross the Malaysia-Singapore border stage strike during Friday rush hour causing long queues Massive traffic jams disrupted the morning rush-hour at the Malaysia-Singapore border on Friday as Malaysian bus drivers staged a wildcat strike to protest against a sharp increase in toll charges ...

    http://www.scmp.com/news/asia/article/1564149/toll-protest-causes-long-traffic-jam-singapore-malaysia-border
  3. News - Asia - SINGAPORE

    New Singapore rules give locals first choice of employment opportunities

    Posted Aug 01st 2014, 11:26pm by AFP

    ... rules favouring Singaporeans came into force yesterday as part of measures aimed at addressing complaints about foreigners stealing jobs from them. Singapore-based companies needing professional ... The American Chamber of Commerce in Singapore welcomed the rules. "AmCham members anticipate that the new policy will help them reach a larger pool of qualified local applicants," James ...

    http://www.scmp.com/news/asia/article/1564511/new-singapore-rules-give-locals-first-choice-employment-opportunities
  4. News - Hong Kong - SOCIETY

    Father who allegedly left learning disabled son, 11, in Singapore could face extradition

    Posted Jul 31st 2014, 06:21pm by Clifford Lo

    ... Clifford Lo clifford.lo@scmp.com Singapore could try father who allegedly abandoned his disabled son if not enough evidence exists here to launch prosecution Man accused of leaving boy may face extradition Hong Kong police are negotiating with those in Singapore over whether the father of an 11-year-old mentally disabled boy who was abandoned in the city-state last week should ...

    http://www.scmp.com/news/hong-kong/article/1563515/father-who-allegedly-left-learning-disabled-son-11-singapore-could
  5. News - Asia - POLLUTION

    Jakarta backs Singapore’s higher fines for overseas polluters

    Posted Jul 30th 2014, 10:02pm by BLOOM

    ... Bloomberg in Singapore and Jakarta Jakarta backs Singapore's fines for overseas polluters The incoming president of Indonesia is backing Singapore's plan to levy bigger fines on overseas polluters. A year after the city-state endured its worst-ever air quality, Singapore presented a bill to parliament this month that would subject foreign companies to fines of S$2 million ...

    http://www.scmp.com/news/asia/article/1562935/jakarta-backs-singapores-higher-fines-overseas-polluters
  6. Business - Banking & Finance - CURRENCIES

    Singapore beats London as offshore yuan hubs jostle for new positions

    Posted Jul 30th 2014, 01:25am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com The movers shake up ranks of offshore yuan centres Singapore, the US, Australia and South Korea emerged as the offshore hubs that saw their shares of the renminbi payments market grow the most in the past year. Singapore overtook London to become the biggest offshore renminbi centre outside Hong Kong. Its payments value accounted for 28.4 per cent ...

    http://www.scmp.com/business/banking-finance/article/1562218/singapore-beats-london-offshore-yuan-hubs-jostle-new
  7. Business - Banking & Finance - ACQUISITIONS

    Singapore's OCBC wraps up takeover of Wing Hang Bank

    Posted Jul 30th 2014, 01:25am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com The Singaporean bank secures 97.5pc of the Hong Kong lender, despite market concerns over low valuation for the HK$38.4 billion acquisition OCBC wraps up deal for Wing Hang control Singapore's Oversea-Chinese Banking Corp completed its buyout of Wing Hang Bank yesterday for HK$38.4 billion and now plans to take the Hong Kong lender private. ...

    http://www.scmp.com/business/banking-finance/article/1562221/singapores-ocbc-wraps-takeover-wing-hang-bank
  8. Sport - Rugby

    Questions remain as Japan, Singapore chase ‘super’ hero status

    Posted Jul 25th 2014, 12:56pm by Alvin Sallay

    ... Either Singapore or Japan will have a team in the Super Rugby competition by 2016. Sanzar, the governing body of the southern hemisphere’s premier club competition, has confirmed one ... would have loved Hong Kong to have been involved – hosting a franchise comprising mainly overseas players plus maybe the best from this city – it seems far-fetched that Singapore should raise ...

    http://www.scmp.com/sport/rugby/article/1558910/questions-remain-japan-singapore-chase-super-hero-status
  9. Business - Economy

    Singapore's economy on track for 2 to 4 pc growth, says central bank

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters in Singapore Singapore's economy on track for 2 to 4pc growth Singapore's economy is expected to grow by a targeted 2 to 4 per cent in 2014 despite a first-half slowdown, ... the first two quarters, Monetary Authority of Singapore (MAS) managing director Ravi Menon said. Major drivers of global growth remain intact with recent data suggesting continued economic expansion ...

    http://www.scmp.com/business/economy/article/1558525/singapores-economy-track-2-4-pc-growth-says-central-bank
  10. Comment - Insight & Opinion

    Singapore's censorship of children's book defies reality of alternative lifestyles

    Posted Jul 22nd 2014, 12:11pm by Kelly Yang

    ... Kelly Yang Kelly Yang says to teach acceptance, we should celebrate books about non-traditional families, not censor them as Singapore did Pages of life Sexuality is not a choice; science ... This is why Singapore's recent attempt to destroy a children's book about penguins is like something out of Ray Bradbury's Fahrenheit 451, in which all books are outlawed. ...

    http://www.scmp.com/comment/article/1557150/singapores-censorship-childrens-book-defies-reality-alternative-lifestyles

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