User Tag List

Page 33 of 521 FirstFirst ... 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 83 133 ... LastLast
Results 545 to 561 of 8850
  1. #545
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default RUSSIAN PRESIDENT'S VISIT: Top leaders for joint body

    The Straits Times
    Nov 16, 2009

    By Jeremy Au Yong

    SINGAPORE and Russia have appointed their top political leaders to chair a new joint commission, a demonstration of just how committed both sides are to strengthening ties.

    Senior Minister Goh Chok Tong will be the Singaporean representative while the Russians have selected Deputy Prime Minister Sergei Sobyanin.

    The inter-governmental commission, first discussed when Russian President Dmitry Medvedev met President SR Nathan on Sunday, emerged as the most significant outcome of the Russian state visit here.

    Mr Medvedev, the first Russian head of state to come to Singapore, met Prime Minister Lee Hsien Loong and Senior Minister Goh Chok Tong on Monday as he wrapped up his maiden visit.

    It was during Monday's talks with PM Lee and SM Goh that both sides agreed to set up the broad-based commission.

    According to a joint statement released on Monday at the end of the Russian visit, the commission will 'explore and promote broad-based cooperation in a variety of fields that would include economics, science and technology, as well as political, cultural, education and other areas'.



    Mr Medvedev, the first Russian head of state to come to Singapore, met Prime Minister Lee Hsien Loong and Senior Minister Goh Chok Tong on Monday as he wrapped up his maiden visit. -- PHOTO: SAMUEL HE
    Attached Images Attached Images  

  2. #546
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Viet's President on visit

    The Straits Times
    Nov 16, 2009

    VIETNAM'S President Nguyen Minh Triet will begin his state visit in Singapore on Monday and Tuesday at the invitation of President S R Nathan.

    This underscores the strong bilateral relations between Singapore and Vietnam, and serves to reaffirm the close bilateral ties, said a statement from the Singapore's Ministry of Foreign Affairs.

    President Triet will be accompanied by his spouse, Madam Tran Thi Kim Chi, Deputy Prime Minister and Minister of Foreign Affairs HE Pham Gia Khiem, Chairman of President's Office HE Nguyen Van Chien, Minister of Industry and Trade HE Vu Huy Hoang, Minister of Finance HE Vu Van Ninh, as well as senior officials.

    During the visit, President Triet will call on President Nathan. He will also meet Prime Minister Lee Hsien Loong, Senior Minister Goh Chok Tong, Minister Mentor Lee Kuan Yew, Senior Minister and Coordinating Minister for National Security Prof S Jayakumar and Speaker of Parliament Abdullah Tarmugi.

    President and Mrs Nathan will also host a State Banquet in honour of President Triet and Madam Chi. President Triet will also deliver the Singapore Business Federation Eminent Leaders Lecture, 'Vietnam: Partnership for Progress' to an audience of prominent businessmen. The Lecture will be chaired by Senior Minister Prof S Jayakumar.

    While in Singapore, President Triet will also visit the Ho Chi Minh Memorial Stele at the Asian Civilisations Museum and Fusionopolis.


    While in Singapore, President Triet will also visit the Ho Chi Minh Memorial Stele at the Asian Civilisations Museum and Fusionopolis. -- PHOTO: AFP
    Attached Images Attached Images  

  3. #547
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Apec to debate new members

    The Straits Times
    Nov 16, 2009

    THE Asia-Pacific's top economic club faces intense debate about who else can join its ranks, with India among the nations knocking at the door when a moratorium on new entrants expires next year.

    Japan, the 2010 summit host for the 21-member Asia-Pacific Economic Cooperation (Apec) forum, is not looking forward to bearing the burden of the membership jostle.

    'With the current Apec already a relatively big group, it's a huge headache for us,' a senior Japanese foreign ministry official said as the group held its latest summit in Singapore this weekend.

    Apec was launched 20 years ago to promote trade and strengthen economic cooperation in the Asia-Pacific region, which now accounts for more than half the world's economic activity and 40 percent of its population.

    Members include the mighty economies of the United States, China and Japan, as well as minnows Brunei and Papua New Guinea.

    A source from a Latin American APEC member described two competing visions: 'The liberals who want to open APEC up because it means more markets and trade, and the conservatives who prefer to consolidate the forum.' -- AFP



    Members include the mighty economies of the United States, China and Japan, as well as minnows Brunei and Papua New Guinea. -- PHOTO: AFP
    Attached Images Attached Images  

  4. #548
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Panel to review research

    The Straits Times
    Nov 16, 2009

    By Judith Tan

    TO HELP the National Research Foundation (NRF) take stock of its four Research Centres of Excellence (RCEs), an International Review Panel (IRP) will be set up.

    It would provide independent feedback on the performance of the RCE, its director and team at regular intervals, said NRF chairman Tony Tan at the Cancer Science Institute's 1st anniversary conference Monday morning.

    Dr Tan said the panel will boost the work of the Academic Research Council (ARC), which appraises the performance of each RCE on behalf of the Education Ministry (MOE) and NRF.

    MOE and NRF have set aside $750 million to fund the establishment of up to five RCEs, which are expected to establish top researches in science at the universities through world-class investigator-led research with global impact.

    Since 2007, four RCEs have been formed, the latest in mechanobiology, which was approved in February.

    The ARC is now evaluating proposals submitted for the 5th RCE, and would make its recommendation by early next year, Dr Tan said, adding that the NRF has embarked on a mid-term review of other initiatives it has funded.

    The findings from all these reviews will be discussed at the NRF Board meeting early next year and will set the stage for determining the NRF's strategies and plans for R&D investment in the next five years, Dr Tan said.



    Dr Tan said the panel will boost the work of the Academic Research Council (ARC), which appraises the performance of each RCE on behalf of the Education Ministry (MOE) and NRF. -- PHOTO: REUTERS
    Attached Images Attached Images  

  5. #549
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default 2 Punggol BTO projects

    The Straits Times
    Nov 16, 2009

    THE Housing Board has launched two new Build-To-Order (BTO) projects in Punggol Town - Punggol Sails and Punggol Ripples, which will offer a total of 1,078 standard flats.

    The supply comprises 130 units of studio Apartments, 436 units of three-room, 403 four-room units and 109 five-room flats. Applications for the new flats can be submitted online from Nov 16 to 30.

    With effect from this BTO exercise, 95 per cent of the supply of two to five -room flats will be set aside for first timers. This will give greater priority to first timers, who generally have more urgent housing needs than second timers, said HDB in a statement on Monday.

    To ensure that public housing is affordable for first-time homebuyers, HDB said the flats are priced below their equivalent market prices, taking into account the prices of resale flats in the area, adjusted for factors such as location, flat attributes, project design and prevailing market conditions, as determined by professional valuers.

    The selling prices for the flats range from $65,000 to $92,000 for a studio apartment; $158,000 to $185,000 for a three-room flat; $249,000 to $305,000 for a four-room flat; and $332,000 to $377,000 for a five-room unit.

    Conveniently located along Punggol Field, both projects will be well served by the Punggol MRT, LRT stations, bus interchange, and the future Punggol Town Centre. There are also primary and secondary schools in the area. The Tampines Expressway is a short drive away, offering good connectivity to the rest of Singapore.

    Including this exercise, HDB has offered about 10,800 flats under BTO and other sales exercises this year. Flat buyers can look forward to four more BTO projects in Bukit Panjang, Sembawang and Dawson with 2,700 flats in December.


    Punggol Sails and Punggol Ripples. -- PHOTO: HDB
    Attached Images Attached Images    
    Last edited by Loh; 11-16-2009 at 04:55 AM.

  6. #550
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Vietnam ties growing

    The Straits Times
    Nov 17, 2009


    By Lee Seok Hwai

    TIES between Singapore and Vietnam have grown even during the recession, President S R Nathan said on Monday, and look set to deepen as the economic gloom lifts.

    At least five senior leaders from both sides have exchanged visits in the past year, one of which concluded with the signing of a defence cooperation pact in September, Mr Nathan said at a state banquet he hosted for visiting Vietnam President Nguyen Minh Triet. Trade ties remained robust.

    'Our strong political ties are complemented by equally strong economic ties that continue to deepen even amidst the global financial crisis,' Mr Nathan said.

    The state visit is a culmination of a year of high-level bilateral exchanges and serves to further cement already strong bilateral ties, he said.

    Mr Nathan announced that in January, Prime Minister Lee Hsien Loong will travel to Vietnam, where he will launch the fourth phase of the Vietnam-Singapore Industrial Park (VSIP) in Haiphong, the third-largest province there.

    The VSIP is a flagship cooperation project launched in 1996, and now stands on about 5,000ha of land in three provinces in north and south Vietnam. Total foreign investments are valued at over US$2.4 billion (S$3.3 billion).



    At least five senior leaders from both sides have exchanged visits in the past year, one of which concluded with the signing of a defence cooperation pact in September. -- PHOTO: AP
    Attached Images Attached Images  

  7. #551
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Outcome of Apec lauded

    The Straits Times
    Nov 17, 2009

    Economists happy with stimulus pledge, rue lack of progress on climate

    By Alvin Foo

    ECONOMISTS and academics have praised the outcome of last week's Asia-Pacific Economic Cooperation (Apec) forum here for its strong anti-protectionist stance and the promise to keep stimulus measures in place until recovery is sustained.

    However, they also noted that more could have been done to tackle climate change and kick-start the Doha Round of global trade talks.

    Observers told The Straits Times on Monday that a firm commitment to stamp out protectionism was the key success of the summit, and that this was significant, not just for the region but also for the global economy.

    'Apec reassured the world that any protectionism would only prolong the recession,' said Dr Aekapol Chongvilaivan, a fellow at the Institute of South-east Asian Studies.

    HSBC senior Asian economist Robert Prior-Wandesforde added: 'There's a fear that we could still see an escalation of protectionism around the world to protect jobs, and that seems to have been dealt with at the conference.'

    The 21 regional leaders and key officials came out strongly to reject all forms of protectionism during the week, reiterating their promise to keep open markets to aid recovery.



    While the Apec's anti-protectionist stance received praise, economists and academics noted that more could have been done to tackle climate change. -- PHOTO: BT
    Attached Images Attached Images  

  8. #552
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default S'pore is 3rd least corrupt

    The Straits Times
    Nov 17, 2009

    SINGAPORE has moved up a notch to become the world's third least corrupt nation, after New Zealand and Denmark, according to the annual ranking released by graft watchdog Transparency International (TI) on Tuesday.

    Singapore was ranked the fourth least corrupt last year. This year it shares the third spot with Sweden, which tied in first place with New Zealand and Denmark in 2008. The other country in the top five spots is Switzerland.

    TI attributed the strong performance of the five to the 'political stability, long-established conflict of interest regulations and solid, functioning public institutions' in these nations. The ranking measures perceived levels of public sector corruption in 180 countries and draws on surveys of businesses and experts.

    The United States placed 19th in the 2009 survey. That was down from last year's 18th place. Somalia remains the world's most corrupt country, followed by Afghanistan, Myanmar, Sudan and Iraq.

    The bottom five nations show that 'countries which are perceived as the most corrupt are also those plagued by long-standing conflicts, which have torn apart their governance infrastructure,' TI said.

    New Zealand scored 9.4 points, Denmark 9.3 and Singapore 9.2, which is the same as last year.


    Singapore was ranked the fourth least corrupt last year. This year it shares the third spot with Sweden, which tied in first place with New Zealand and Denmark in 2008. The other country in the top five spots is Switzerland. -- ST PHOTO: JOYCE FANG
    Attached Images Attached Images  
    Last edited by Loh; 11-17-2009 at 09:07 PM.

  9. #553
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default S'pore must become nerve centre in Asia for business, innovation, talent: SM Goh

    Channel News Asia
    17 November 2009

    By Asha Popatlal


    SINGAPORE: Singapore needs to be more than just an efficient place to do business.

    In re-positioning itself economically in the post-crisis world, Senior Minister Goh Chok Tong said it has to become the nerve centre in Asia for business, innovation and talent.

    He was speaking at ST Microelectronics' 40th anniversary celebrations on Tuesday.

    Singapore is trying to find answers on how to stay ahead with its Economic Strategies Committee. An interim report is expected early next year.

    For now though, the thinking is that Singapore's economy must evolve to take advantage of the recovery that is being led by Asia.

    Mr Goh said: "To stay ahead of the competition, we believe that Singapore must evolve from being an efficient hub to an essential hub; from helping companies manage their bottom line to partnering them to grow their top line; and finally from just adding value alone to creating value for companies."

    Mr Goh said there are three ways to do this - by making Singapore the preferred home to do business for MNCs, global SMEs and Asian enterprises; a home for innovation; and a home for talent.

    He pointed out how ST Microelectronics had grown from five employees in the 1960s to 5,700 now, and how it manages all-Asia operations excluding China and India.

    On making Singapore a home for innovation, Mr Goh foresees intellectual property being created not only in Asia but also tailored for Asia. And so, he said, Singapore will do more to facilitate test-bedding and commercialisation.

    Mr Goh added Singapore must also be a magnet for the best talent to drive economic growth.
    Last edited by Loh; 11-17-2009 at 09:50 PM.

  10. #554
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default MM Lee: Learning Chinese by rote a mistake

    My Paper
    Wed, Nov 18, 2009

    More emphasis now on speaking language.

    SINGAPORE started 'completely wrong' in the teaching of the Chinese language, said Minister Mentor Lee Kuan Yew yesterday.

    Speaking at the official opening of the Singapore Centre for Chinese Language, he admitted that teaching the language by enforcing rote learning was a mistake.

    Mr Lee said: 'A language is first listened to, heard and then spoken. It's not read or written - that follows later. (But) we started the wrong way. We insisted on spelling and dictation (in Chinese).'

    And the way to correct this was to get children interested in the language, regardless of their linguistic ability, he said, because, with interest in the language, they will have it for life.

    He said that forcing students to just memorise without applying the language and to take examinations on the Chinese language, is wrong.

    This is because the students would then just aim to pass Chinese in their exams and then forget about the language after that, Mr Lee said.

    'Successive generations of students paid a heavy price because of my ignorance and my insistence on bilingualism,' he said.

    'We had teachers who were teaching in completely Chinese schools and they did not know how to use any English to teach English-speaking children Chinese,' he said, adding that this turned children off completely and caused parents to waste much money and time on extra Chinese tuition for their kids.

    Mr Lee said he had a wrong premise about learning languages, equating intelligence to language ability. But later, his daughter, neurologist Lee Wei Ling, told him that they were two different things.

    So Mr Lee became determined to right his wrongs, which led to changes in how Chinese is taught in schools.

    In 2005, the Ministry of Education (MOE) increased the weightage in the Primary School Leaving Examination of pupils' oral Mandarin over that of their ability to memorise, say, Chinese characters.

    This followed the recommendation of a Chinese language review panel in 2004 to put more emphasis on speaking and listening.

    Since 2007, the ministry also introduced a new Chinese language syllabus where Primary 1 to 5 pupils learn Chinese at their own pace by taking different learning modules based on their ability.

    These changes aim to make learning Chinese easier, given the increase in the number of children from English-speaking families. An MOE survey found that nearly six in 10 Primary 1 pupils this year come from English-speaking families, up from nearly five in 10 in 2004.
    Attached Images Attached Images  

  11. #555
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Vietnam invites investors

    Sorry, repeated below.
    Last edited by Loh; 11-17-2009 at 10:48 PM.

  12. #556
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Vietnam invites investors: President says it offers good opportunities

    The Straits Times
    Nov 18, 2009

    By Lee Seok Hwai

    NOW is a good time to invest in Vietnam as the country regains its pre-recession economic pace and becomes even more business-friendly, the visiting Vietnamese President said on Tuesday.

    Mr Nguyen Minh Triet noted that Vietnam's economy had gone from strength to strength in the first three quarters of this year, and is expected to expand by a better-than-expected 5.2 per cent for the entire year.

    'We should grasp the opportunity of the recovery to promote partnerships between Singapore and Vietnam,' he told about 350 business executives from Singapore and Vietnam at a lecture titled 'Vietnam - Partnership For Progress'.

    'You will enjoy great opportunities because of the excellent political relations between our two countries,' he said, adding that Vietnam hopes Singapore would continue to be its leading strategic partner in the region.

    The lecture, organised by the Singapore Business Federation, was chaired by Senior Minister S. Jayakumar. Speaker of Parliament Abdullah Tarmugi and Minister of State for Trade and Industry Lee Yi Shyan also attended the lecture.

    The President had begun on Monday a two-day state visit to Singapore, with his main focus on attracting investments.


    Vietnam President Nguyen Minh Triet had begun a two-day state visit to Singapore on Monday, with his main focus on attracting investments. -- ST PHOTO: NG SOR LUAN
    Attached Images Attached Images  

  13. #557
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Feer to pay PM, MM $405k

    THE Far Eastern Economic Review (Feer) has agreed to pay Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew a total of $405,000 in damages and costs for defamation.

    The Straits Times
    Nov 18, 2009

    Consent order for damages and costs after publication defamed leaders

    By Zakir Hussain

    Lawyers for the Lees told The Straits Times that a consent order to this effect was entered in the High Court on Friday.

    Review Publishing Company, which publishes Feer, and Feer editor Hugo Restall, have consented to pay PM Lee $200,000 in damages and $30,000 in legal costs.

    They also agreed to pay MM Lee $150,000 in damages and $25,000 in costs.

    These sums were agreed to after the Court of Appeal last month upheld an earlier High Court decision that Feer had defamed both leaders in a 2006 article.

    The appeal was heard by Chief Justice Chan Sek Keong, Appeal Judge Andrew Phang and Justice Judith Prakash.


    These sums were agreed to after the Court of Appeal last month upheld an earlier High Court decision that Feer had defamed both leaders in a 2006 article. -- PHOTO: AFP
    Attached Images Attached Images  

  14. #558
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Apec Singapore 2009 Straits Times Picture Galleries

    Those who wish to view more pictures of the Apec Singapore 2009 meetings, events, etc, may wish to use this link:

    http://www.straitstimes.com/STI/STIM...lery_asgd.html


    U.S. President Barack Obama is received by Singapore Prime Minister Lee Hsien Loong at the Esplanade which was the scene of "Singapore Evening", a gala dinner for the economy leaders in town or APEC 2009. -- ST PHOTO: MUGILAN RAJASEGERAN
    Attached Images Attached Images  

  15. #559
    Regular Member
    Join Date
    Dec 2007
    Location
    Kuala Lumpur
    Posts
    2,353
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Singaporeans wrestle with likely impact of two new casinos

    Between personal tragedy and recovery from an economic crisis, the pros and cons of big-time gambling are still being weighed.

    THE family tragedy of a restaurant manager who killed his two children and set fire to the flat before jumping to his death has become a national talking
    point.

    Some neighbours saw Ng Chee Kiang, 39, behaving oddly on the 12th floor ledge before falling over.

    Unknown to anyone, he had just suffocated his two children, aged 5 and 3, after sending the maid out on an errand. The wife was at work.
    No more peace: Artist impression of an integrated casino resort on Sentosa island, Singapore. A recent family tragedy has the people debating the economic benefits of the casinos against the possible rise in bankruptcy and suicide cases in a nation that fervents gambling. — AP Photo/ Singapore Tourism Board

    News reports said the manager of a Japanese food company who earned S$5,000 (RM12,156) monthly owed loan sharks some S$200,000 (RM486,232) as a result of overspending, gambling and share speculation.

    Ng was also a bankrupt who was on the verge of divorce and a custody fight over his children.

    Coming only two months before the first of two multibillion-dollar casinos opens, the family tragedy has renewed concerns over Singapore’s entry into casinos.

    “Casinos have not even opened yet and there are already tragedies due to gambling, imagine the problems in future once they have” was a general comment.

    One blogger said, “I think this is just the prelude. When the two casinos open, we will get to read of more such stories.”

    Published family photographs with two lovely children stirred much public sympathy, reviving some of the old feelings towards casinos.

    However, it is tempered by a marked change in the public mood after the city came through a severe economic crisis that decimated jobs and wages.

    The weak employment market with many people still unable to find work has significantly blurred the animosity towards the casinos. They are now relied upon to generate employment.

    In the next few months, Singa­pore’s history will move into a new phase. This will happen when two huge dazzling casino resorts – led by a Malaysian conglomerate – open their doors.

    First is Genting’s S$6.6bil (RM16bil) “Resorts World at Sen­tosa,” which will have the distinction of becoming Singapore’s first casino, edging out Marina Bay Sands, when it opens in January.

    The Las Vegas Sands’ $5.2bil (RM12.6bil) project, situated at the financial centre, will follow suit in April.

    The opening of casinos, which Lee Kuan Yew once said was possible only “over my dead body,” is timely as Singapore ponders over its future in an uncertain new world.

    Almost half the cabinet ministers are reluctant supporters.

    The concern is that the economic benefits will come at the expense of morality and a possible rise in bankruptcy, family break-up and suicide.

    It is an ironic debate. Singaporeans – the majority being ethnic Chinese – are far from being averse to gambling.

    Numbering five million, the people gamble away S$6bil (RM14.6bil) or S$1,200 (RM2,917) per person a year – nearly twice what the country spends on health care.

    In addition, Singaporeans spend some S$280mil (RM680.6mil) in Malaysia’s Genting Highlands, and an inestimable amount in other countries and on board cruise ships.

    A government survey showed that 54% of residents over the age of 18 have taken part in some form of gambling over the previous 12 months. The ratio of pathological gamblers is however low, being under 1.6%.

    The arrival of casino gambling, like most things in Singapore, is based on economic considerations.

    A rising number of cities in Asia are moving into it, and Singapore fears losing out.

    With few natural resources, the Republic is being reshaped by global changes, particularly in the US, its biggest trade partner.

    Some of its catalysts for growth and prosperity are now facing serious pressures, forcing the city to depend on new sources of growth.

    It is a tough proposition: Singapore is too small to develop many attractive tourist spots.

    “Tourism is a major area because it capitalises on Asia’s rising middle class – and the casinos are a crucial part of it,” said an economist.

    Each of the new casinos will employ about 10,000 workers. They are also expected to spin off related businesses that will need 35,000 more workers.

    “Our problem is we do not have enough Singaporeans to fill all the jobs and so will have to depend on foreign workers,” said an official.

    The two casinos – at a combined cost of S$12bil (RM29.2) – have a franchise to operate for 10 years.

    Lee Kuan Yew had – after visiting Las Vegas – said there would be a few more casinos.

    That was before the economic crisis, and it is not known if this remains the case. Some analysts are pessimistic about the prospects of the two in the next few years.

    Marina Bay Sands has reduced its projected visitors and profits. However, both remain optimistic over their long-term future.

    If Macau and Las Vegas are any indication, the clouds have not yet lifted, although the local economy has significantly improved in the past few months. Casinos are likely to have an important economic role in the world, especially in Asia.

    Angela Ho, daughter of Macau’s once-casino “king” Stanley Ho, said: “The market is huge, and I think everybody knows that Asian players are the most sought-after ... because they spend the most money and are the most fervent gamblers.”

    The government has taken steps to minimise the potential social fallout of excessive gambling.

    Singaporeans have to pay S$100 (RM243) a day or S$2,000 (RM4,863) a year to be admitted to the casinos.

    A list of habitual gamblers has been drawn up – either voluntarily or reported by spouses – and they will be banned from entering the casinos.

    But these are merely measures to reduce – not prevent – instances of individual disaster.

    INSIGHT DOWN SOUTH
    By SEAH CHIANG NEE

  16. #560
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Singapore to achieve 3-5% growth in 2010

    The Straits Times
    Nov 19, 2009

    By Robin Chan

    THE Singapore economy is slated to grow between 3 and 5 per cent next year, the Government has said in its first official forecast for 2010.

    Gross domestic product (GDP) for the third quarter also expanded 0.6 per cent, from the same period last year after contracting 3.3 per cent in the second quarter, the Ministry of Trade and Industry said on Thursday morning, confirming that Singapore is out of the recession.

    On a seasonally adjusted annualised quarterly basis, the economy grew by 14.2 per cent in the third quarter, following growth of 21.7 per cent in the second quarter, with all major sectors registering positive growth.

    The third quarter performance was slightly lower than advanced estimates for 0.8 per cent growth released last month.

    The expansion was led by the manufacturing sector, which grew by 26.6 per cent on a quarter-on-quarter annualised basis. Increased production of higher-value pharmaceutical ingredients led to a continued surge in biomedical manufacturing output, while the electronics cluster grew modestly on the back of continued restocking activities and an uptick in consumer demand for electronic devices.

    Inflation was revised upwards and is expected to rise 2.5 to 3.5 per cent next year on the back of higher Housing Board property values.


    The economy is slated to grow between 3 and 5 per cent next year. -- ST PHOTO: SAMUEL HE
    Attached Images Attached Images  

  17. #561
    Regular Member Loh's Avatar
    Join Date
    Oct 2002
    Location
    Singapore Also Can
    Posts
    12,465
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Prices for Sentosa Universal Studios theme park

    The Straits Times
    Nov 19, 2009

    By LIM WEI CHEAN

    IT WILL cost adults $66 to experience the rides and other attractions at Resorts World Sentosa's (RWS) Universal Studios theme park on weekdays. ($72 on weekends and Senior Citizens to pay $32 and $36 respectively.)

    Announcing the much-anticipated pricing on Wednesday, RWS also said weekday passes for children will cost $48. ($52 on weekends.)

    The weekday pricing makes tickets to the theme park cheaper than that of Universal's other attractions at Orlando in the United States and Osaka in Japan, which go for US$79 (S$109) and 5,800 yen (S$90) respectively.

    Also announced on Wednesday: Prices for two-day passes, as well as the charge for express passes which will allow holders to jump the queues (see table in link). (Adult $118, Children $88 and Senior Citizens $58)

    Singaporeans who were hoping that they would be given special rates were, however, left guessing.

    Since speculation on ticket prices began ahead of the theme park's opening early next year, there have been calls from some quarters for Singaporeans to be given cheaper rates than tourists.

    Details of ticket prices can be found in this link:

    http://www.straitstimes.com/STI/STIM...ewPrices19.pdf

    It will cost adults $66 to experience the rides and other attractions at Resorts World Sentosa's (RWS) Universal Studios theme park on weekdays. -- ST PHOTO: TERENCE TAN
    Attached Images Attached Images  

Similar Threads

  1. Replies: 4
    : 11-02-2010, 01:10 PM
  2. Replies: 0
    : 09-08-2010, 11:24 PM
  3. FYI: Singapore Open Telecast in Singapore!
    By modious in forum Singapore Open 2002
    Replies: 2
    : 09-18-2002, 10:08 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •