Friday, October 24, 2008

Today's Singapore News

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

-200,000 walking time bombs: In Singapore, close to 200,000 people are walking time bombs, unaware of the health risk they face.
-Singapore to open reservoir in financial district: Singapore is set to open its largest reservoir near the city's business district in November as part of plans to boost water security by cutting dependence on imported water.
-SPH shutters Maxim in Singapore: SPH Magazines has announced that it will no longer publish lad mag Maxim in Singapore after its December issue.
-Impact on Marina Bay Sands unlikely: Las Vegas Sands Sands' volatile fortunes may be a cause for concern to Singapore, given that the mega-integrated resort it is building at Marina Bay is one of few bright sparks on Singapore's cloudy economic horizon.
-Top civil servants' pay to fall: Senior civil servants can expect their annual pay package to shrink next year, because a significant portion of it is tied to how well the economy is doing.
-Human Rights goes on trial in Singapore with Chee Soon Juan Case: An international legal support committee is formed to explore a wide variety of international and human rights law options to assist Singaporean opposition party leader Dr Chee Soon Juan.
-Singaporeans are piling on debts: Preliminary statistics in August from the Monetary Authority of Singapore show that total debt to individuals stand at$112 billion — almost 10 per cent up over a period of 12 months.
-Travel ads with hidden costs get the chop: From Nov 1, advertisement tag-lines such as 'Fares from $0' or '15,000 seats going for only $0.01 one-way' here will be a thing of the past.
-DBS starts compensating some retail investors: Singapore's DBS Bank has started compensating retail investors who bought structured products linked to the collapsed Lehman Brothers.
-Pay ERP fees with credit cards: Motorists will be able to pay ERP charges with their Visa or MasterCard credit cards from Nov 5.
-Singapore homeowners protest immigration push: Resentment in Singapore is mounting over an increasing number of immigrant workers, as the country changes under an aggressive immigration policy aimed at boosting growth.

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