Friday, November 07, 2008

Today's Singapore News

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

-Singapore men losing sex drive at younger age: Men here are losing their sex drive at an earlier age, a study on the testosterone levels of 600 men has shown. The study concluded that one in five Singapore men aged 45 and above is experiencing hypogonadism.
-Kidney donors to be paid: Singapore's medical conscience has endorsed the Health Ministry's proposal to reimburse living kidney donors, so long as the amount is not so great as to act as inducement.
-No delay in upgrading or building: There is no need to fear that the economic slowdown will be felt in Singapore's public housing projects.
-Gloomy days ahead for VWOs: Many Singaporeans have already tightened their belts to brace themselves for gloomier days ahead. And the majority among those polled by 938LIVE say one area they're cutting back on is charitable donations.
-Next year's budget to be expansionary: Singapore will have an expansionary budget next year to help its citizens cope with weaker economic growth.
-Singapore to promote more energy efficient firms: The Singapore government is providing 22 million Singapore dollars to help companies defray the cost of purchasing energy efficient technologies and equipment.
-Help for firms with excess workers: This recession will be longer than previous ones, says Labour chief Lim Swee Say — but help is on the way for companies with excess manpower in this economic downturn.
-Jobs still available for fresh graduates: Job creation in Singapore's labour market may be moderating, but the Singapore National Employers Federation (SNEF) said there are jobs for fresh graduates.
-DBS to axe 900 staff: DBS Group, which reported a slump in third quarter net profit, will cut 900 staff from Singapore and Hong Kong or 6 per cent of its workforce by the end of this month to reduce costs.
-Sub-prime crisis possible in Singapore: When Ministry of National Development announced last week that it was suspending sales of state land through the confirmed list till June next year, jubilant developers lauded the swiftness of the government action that will hopefully stem the poor sentiment in the property market.

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