Kevin's Feed
Aug 6, 2013

Singapore’s Lee Kuan Yew airs concern about Malaysian economic zone

SINGAPORE (Reuters) – Singapore’s first prime minister, Lee Kuan Yew, warned against the risks in helping to develop an economic zone in neighboring Malaysia, adding that the wealthy city-state he helped build might not be around in 100 years if it did not pick good leaders.

“I am absolutely sure that if Singapore gets a dumb government, we are done for,” Lee, who turns 90 next month, wrote in “One Man’s View of the World”, a book launched on Tuesday.

Jul 26, 2013

Singapore seen getting tough on dissent as cartoonist charged

SINGAPORE (Reuters) – Singapore government lawyers have started legal proceedings that could result in a political cartoonist serving a jail term, in another sign that the long-ruling People’s Action Party (PAP) is becoming increasingly intolerant of opponents, critics said.

Chew Peng Ee, known to followers of his “Demon-cratic Singapore” site on Facebook as Leslie Chew, had committed contempt of court “by scandalizing the judiciary of the Republic of Singapore”, the Attorney-General’s Chambers said in a statement on Thursday.

Jul 23, 2013

Singapore plots economic lift-off with satellites, spacecraft

SINGAPORE, July 24 (Reuters) – Singapore’s foray into the
$300 billion-a-year space industry may seem like a lucrative
venture, but the path is lined with risks, especially in
satellite manufacturing where Western firms have long dominated
and entry barriers are high.

The push into space technology, announced earlier this year,
will initially focus on satellites to meet growing demand for
top-speed Internet connections as well as high-resolution images
commonly used in surveillance, forestry and energy exploration.

Jul 23, 2013

Singapore cuts CPI outlook, warns of household debt risks

SINGAPORE, July 23 (Reuters) – Singapore’s central bank
lowered its inflation outlook for the year on Tuesday but said
it was concerned about household debt levels as interest rates
looked set to rise.

The Monetary Authority of Singapore (MAS) revised downwards
its inflation forecast for 2013 to 2-3 percent from an earlier
3-4 percent, citing the sharp fall in car prices earlier this
year as well as a slower rise in accommodation costs.

Jul 17, 2013

Singapore June exports up 3.2 pct on May, but worries persist

SINGAPORE, July 17 (Reuters) – Singapore’s non-oil exports
rose a seasonally adjusted 3.2 percent in June, roughly in line
with expectations, but weakness in its key electronics sector
suggests the recent improvement in factory output may not be
sustainable and could weigh on growth.

The monthly rise was slightly above the median forecast for
a gain of 2.2 percent in a Reuters poll of analysts, but did
little to allay concerns about prospects for manufacturers.

Jul 16, 2013

Asian bank asset quality seen weakening as rates rise-Moody’s

SINGAPORE, July 16 (Reuters) – The credit quality of banks
in the Asia Pacific has likely hit a cyclical peak and many of
the region’s lenders will suffer a drop in asset quality over
the next 1-2 years as interest rates rise, Moody’s Investors
Service warned on Tuesday.

Moody’s this week lowered its outlook on Singapore’s banking
system to negative from stable, citing potential risks from
rapid loan growth and rising real estate prices.

Jul 12, 2013

Singapore second-quarter GDP growth strongest in over two years

SINGAPORE (Reuters) – Singapore’s economy grew the most in over two years in the second quarter, helped by a surge in manufacturing, but most economists remained wary about the outlook for the city-state and the rest of Asia due to the slowdown in China and continued weakness in Europe.

Singapore, whose trade is three times the size of its gross domestic product (GDP), has seen a sharp drop in economic growth in the past two years, hurt by weak demand for its exports as well as a global slowdown in investment banking activity.

Jul 12, 2013

Singapore Q2 growth surges but economy still not out of woods

SINGAPORE (Reuters) – Singapore’s economy grew the most in over two years in the second quarter, helped by a surge in manufacturing, but most economists remained wary about the outlook for the city-state and the rest of Asia due to the slowdown in China and continued weakness in Europe.

Singapore, whose trade is three times the size of its gross domestic product (GDP), has seen a sharp drop in economic growth in the past two years, hurt by weak demand for its exports as well as a global slowdown in investment banking activity.

Jul 8, 2013

Verdict in Singapore: U.S. engineer Shane Todd killed himself

SINGAPORE, July 8 (Reuters) – American engineer Shane Todd
committed suicide in Singapore last year, a coroner’s inquiry in
the city-state concluded on Monday, in a verdict at odds with
his family’s belief that he was murdered because of his work.

The case had threatened to become an issue between Singapore
and the United States as Senator Max Baucus, who represents
Todd’s home state of Montana, had pressed for more American
involvement in the investigation.

Jul 7, 2013

Internet big boys take aim at Singapore’s “regressive” new rules

SINGAPORE, July 8 (Reuters) – Singapore’s move to tighten
regulation of news web sites, already under fire from bloggers
and human rights groups, has attracted criticism from an
unexpected quarter – large internet firms with a big presence in
the city-state who say the new rules will hurt the industry.

Web giants Facebook Inc, eBay Inc, Google
Inc and Yahoo! Inc have said the revised rules
“have negatively impacted Singapore’s global image as an open
and business-friendly country”.