Posted by theonlinecitizen2 on February 4, 2008
From AsiaOne, Feb 1 2008
MINISTER Mentor Lee Kuan Yew ‘has not quite been sold’ on the idea of a 6.5 million population size in Singapore.Instead, he projects for Singapore an optimum population size of five to 5.5 million for Singapore.
He said on Friday: ‘I have not quite been sold on the idea that we should have 6.5 million.’
Posted in Government, Society | Leave a Comment »
Posted by theonlinecitizen2 on February 1, 2008
From Reuters, Feb 1 2008
By Faith Hung and Saeed Azhar
TAIPEI/SINGAPORE (Reuters) – Singapore’s DBS Group (DBSM.SI: Quote, Profile, Research) will receive T$44.5 billion (US$1.4 billion) from Taiwan’s government to take over failed Bowa Commercial Bank, the government said on Friday, in the latest acquisition by a foreign bank in the island’s crowded financial sector.
Posted in GIC / Temasek, Government | Leave a Comment »
Posted by theonlinecitizen2 on December 2, 2007
By Tan Hui Yee & Mavis Toh
Straits Times, Front Page
December 2, 2007
TOWN councils tempted to play the stock market to increase the returns on their sinking funds will now have to meet a new rule that caps how much they can put into higher-risk investments.
Councils, which have had some leeway when investing their cash, must limit their investments in non-government stocks, funds or securities to 35 per cent of the sinking fund.
This new rule, which kicked in yesterday, applies to more than $1 billion in sinking funds managed by the 16 town councils in Singapore.
Posted in Government | Leave a Comment »
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