Tuesday, October 14, 2008

Today's Singapore News

The following are stories that are making the headlines over at Topix Singapore News today, edited by yours truly.

-Is our Gen Yready for its first recession?: Singapore’s youth — aged under 30 — have until now had the world at their feet ... or so they were told. Faced with their first recession, how will they cope, should the world slip into a full-scale recession as many experts are predicting?
-Perks cut for expats here: Company paid perks from $25,000-a-month housing allowances to country club memberships may dry up for Singapore's expatriates as the financial crisis heralds new austerity measures by the nation's richest employers.
-Malaysians told to prepare to lose jobs in Singapore: The 300,000 Malay­sians employed in the island republic have been advised to gear up for retrenchment if the country continues to slide into a recession.
-Mini boom for pawnshops as economy turns for the worse: The economy may be down but business has been picking up for Singapore's 110 pawnshops. In fact, there have already been four applications for pawnbroker's licences in the last two months.
-Traffic Police reveal locations of speed cameras: In its latest move to deter speedsters, the Traffic police have made public on its website all 38 possible locations where they may deploy the speed cameras.
-Police warn against DBS protest: The police have advised a group of investors of DBS High Notes 5 to call off their planned protest outside the bank's Shenton Way headquarters tomorrow.
-RI, RJC to merge next year: Raffles Institution (RI) and Raffles Junior College (RJC) will officially merge next year. The merged school will be known as Raffles Institution.
-Singaporean opposition party ordered to pay PM: Singapore's High Court ruled that an opposition party and two of its leaders must pay $416,000 in defamation damages to Prime Minister Lee Hsien Loong and his father, former Prime Minister Lee Kuan Yew.
-More help for the dying: The Health Ministry will pay more attention to treating the dying and step up palliative care in a move to raise the quality of life for the acutely ill.
-In some cases, DBS will take responsibility: DBS Bank says it will take responsibility for some of the Lehman Brothers products sold through its network in Singapore and Hong Kong if there was mis-selling.

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