Thursday, November 20, 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 women ignorant about contraception: An annual survey shows that while fewer younger women were sexually active compared to those polled last year, their knowledge of the risks of unplanned pregnancies had dropped as well.
-"Building" Entrepreneurs In Singapore: The National University of Singapore (NUS) sneaks up on you. One minute you're winding through Singapore streets, and the next minute you're in the middle of its collection of old-ish institutional buildings and treed streets. Down one street, however, you don't want to miss a small collection of buildings housing the university's Enterprise Incubator.
-Blame town councils only with hindsight: Mr Leong Sze Hian, president of the Society of Financial Service Professionals, the town councils should not have invested in the structured products. But, he told The New Paper: 'You can't blame the town councils. If you look at the last seven years, every year the most sold product in terms of volume in Singapore was structured products. They were seen as capital guaranteed.'
-Eggs cost more: Prices of eggs from Malaysia have risen in recent weeks, bucking a trend which has seen the cost of other staples like rice and wheat slide.
-A $10m leg up for 3D film industry: The Government is setting up a fund of at least $10 million to support the growth of the 3D media industry.
-Singapore ranked 16th most expensive shopping location in the world: Surveys showed that Singapore is the world's 16th most expensive shopping location, with prime retail space along Orchard Road going for US$405 per square foot.
-Singapore Q3 GDP shrinks: Singapore's economy probably shrank last quarter as a manufacturing slump and easing demand for financial services drove the nation into its first recession since 2002, adding pressure on policy makers to stimulate growth.
-Loo campaign targets S'poreans' bad habits: Singaporeans still need to improve their toilet etiquette, as many people continue to litter the floor and not flush after use.
-Singapore economy forces Burmese home: Hundreds of Burmese migrant workers in Singapore have returned home due to the impact of the economic downturn, according to Burmese workers.
-Consumer confidence sinks: Consumer confidence in Singapore has sunk to the lowest in more than three years as the economy enters its first recession since 2002, a survey has found.
-COE for small cars drops to historic low of S$2: The COE price for small cars, 1,600cc and below, dived by S$10,453 to a historic low of S$2 in the latest bidding exercise.

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