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Jun 11, 2013

Singapore jails third Lebanese for accepting sexual bribe

SINGAPORE (Reuters) – A Singapore court jailed a Lebanese referee for six months on Tuesday for accepting sexual favours to fix a football game, a day after two fellow countrymen were jailed for the same offence amid an international investigation into football corruption.

Ali Sabbagh, a Federation Internationale de Football Association (FIFA)-accredited referee, had admitted having sex with a woman hired by accused Singapore match-fixer Ding Si Yang, who has denied wrongdoing.

Jun 11, 2013

Soccer-Singapore jails third Lebanese for accepting sexual bribe

SINGAPORE, June 11 (Reuters) – A Singapore court jailed a Lebanese referee for six months on Tuesday for accepting sexual favours to fix a soccer game, a day after two fellow countrymen were jailed for the same offence amid an international investigation into soccer corruption.

Ali Sabbagh, a Federation Internationale de Football Association (FIFA)-accredited referee, had admitted having sex with a woman hired by accused Singapore match-fixer Ding Si Yang, who has denied wrongdoing.

Jun 10, 2013

Singapore court jails Lebanon officials in match-fixing row

SINGAPORE (Reuters) – A Singapore court jailed two Lebanese assistant referees for three months on Monday and postponed passing sentence on a Lebanese referee after all three pleaded guilty to accepting sexual bribes to fix a soccer match.

Singapore has been the focus of a international probe into soccer match-fixing, with European anti-crime agency Europol saying in February that hundreds of matches had been fixed in a global betting scam run from the Southeast Asian city-state.

Jun 10, 2013

Singapore court jails Lebanon officials for match-fixing

SINGAPORE (Reuters) – A Singapore court jailed two Lebanese assistant referees for three months on Monday and postponed passing sentence on a Lebanese referee after all three pleaded guilty to accepting sexual bribes to fix a soccer match.

Singapore has been the focus of a international probe into soccer match-fixing, with European anti-crime agency Europol saying in February that hundreds of matches had been fixed in a global betting scam run from the Southeast Asian city-state.

Jun 10, 2013

Soccer-Singapore court jails Lebanon officials for match-fixing

SINGAPORE, June 10 (Reuters) – A Singapore court jailed two Lebanese assistant referees for three months on Monday and postponed passing sentence on a Lebanese referee after all three pleaded guilty to accepting sexual bribes to fix a soccer match.

Singapore has been the focus of a international probe into soccer match-fixing, with European anti-crime agency Europol saying in February that hundreds of matches had been fixed in a global betting scam run from the Southeast Asian city-state.

May 28, 2013

Singapore to regulate Yahoo!, other online news sites

SINGAPORE, May 28 (Reuters) – Websites that regularly report
on Singapore including Yahoo! News will have to get a license
from June 1, putting them on par with newspapers and television
new outlets, in a move seen by some as a bid to rein in
free-wheeling Internet news.

“Online news sites that report regularly on issues relating
to Singapore and have significant reach among readers here will
require an individual licence,” Singapore’s Media Development
Authority (MDA) said in a statement.

May 27, 2013

HSBC, StanChart sell first yuan bonds in Singapore

SINGAPORE, May 27 (Reuters) – British banks HSBC Holdings
plc and Standard Chartered plc sold 1.5
billion yuan ($244.63 million) worth of notes in Singapore on
Monday in the first dim sum bond issuances since yuan-clearing
became available in the city-state.

China has been relaxing controls on the yuan, officially
referred to as the renminbi or RMB outside the country, in order
to gradually increase the use of its currency abroad.

May 23, 2013

Singapore Q1 GDP growth surprises on surge in financial services

SINGAPORE, May 23 (Reuters) – Singapore reported data on
Thursday that showed a much better-than-expected economic
performance in the first four months of the year, helped by a
surge in financial services in the first quarter as trading in
stocks and foreign exchange soared.

The Southeast Asian city-state, whose economy is heavily
dependent on trade, manufacturing and financial services, said
gross domestic product (GDP) expanded 1.8 percent in
January-March on a quarter-on-quarter, seasonally adjusted and
annualised rate, much better than the advance estimate of a 1.4
percent contraction.

May 22, 2013

Parents withdraw from inquiry into death of U.S. engineer Shane Todd

SINGAPORE (Reuters) – The parents of a U.S. engineer found dead in Singapore last year said on Wednesday they will not take part in the rest of a coroner’s inquiry into his death, which they say was linked to a project involving the transfer of sensitive technology to China.

In a statement issued through their lawyers, Rick and Mary Todd said they had lost confidence in the system investigating the death of their 31-year-old son, Shane, who was found hanging in his Singapore apartment last June.

May 17, 2013

China ups stakes in Australia power firms as Singapore retreats

SINGAPORE/SYDNEY, May 17 (Reuters) – State Grid Corp of
China, the world’s largest state utility, has agreed
to buy large stakes in Australian power companies from
Singapore’s Temasek Holdings in a deal that could be
worth over A$5 billion ($4.93 billion), as it searches overseas
for higher-yielding assets.

State Grid will buy 19.9 percent of electricity supplier SP
Ausnet for A$824 million, and 60 percent of energy
infrastructure company SPI (Australia) Assets Pty Ltd (SPIAA)
for an undisclosed amount, Temasek unit Singapore Power
said on Friday.