Keyword: singapore

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  • Singapore Suffers Shocking Worst-Ever GDP Contraction

    10/15/2010 4:43:40 AM PDT · by blam · 7 replies
    The Business Insider ^ | 10-15-2010 | Vincent Fernando, CFA
    Singapore Suffers Shocking Worst-Ever GDP Contraction Vincent Fernando, CFA Oct. 15, 2010, 1:42 AM Singapore's economy shrank by a jaw-dropping 19.8% quarter-on-quarter during Q3, according to data released by the Monetary Authority of Singapore yesterday. While GDP was still 10.3% higher than the same quarter last year, the quarter-to-quarter contraction was the worst ever, and is a reminder of how volatile Singapore's economic output can be: Singapore Business Review (SBR): According to DBS Bank, this is a record sequential contraction and one that is worse than the supposedly “free-fall” in GDP experienced in the recent US financial crisis, the slump...
  • US Dollar Drops, Gold Jumps After Singapore News

    10/13/2010 8:47:45 PM PDT · by blam · 10 replies
    Reuters ^ | 10-13-2010 | Kevin Plumberg
    US Dollar Drops, Gold Jumps After Singapore By Kevin Plumberg Wed Oct 13, 2010 10:50pm EDT * Singapore lets currency appreciate more, knocks U.S. dollar * Aussie close to U.S. dollar parity, yen at 15-year high * Stocks, commodities gain as dollar index hits 10-month low * Resource-related stocks lead gaining sectors in Asia HONG KONG, Oct 14 (Reuters) - The U.S. dollar tumbled to a 10-month low on Thursday after Singapore unexpectedly tightened policy to let its currency rise, lifting Asian stocks and copper to two-year peaks and gold to a record high. The dollar's decline against a basket...
  • Germany Economy Expands Most Since Reunification [Singapore On Course For Record Growth]

    08/13/2010 5:49:44 PM PDT · by fight_truth_decay · 3 replies
    TELEGRAPH.CO.UK ^ | 9:25PM BST 13 Aug 2010 | Angela Monaghan, Economics Correspondent
    Germany enjoyed an unexpectedly strong second quarter as the economy grew at the fastest pace in 23 years.Gross domestic product in Europe's largest economy increased by 2.2pc compared with the first quarter, far exceeding forecasts of a 1.3pc gain. The sharp rise was driven predominantly by growth in exports. "Such a quarter-on-quarter growth has never been recorded before in reunified Germany," said the German statistics office. "The recovery of the German economy, which lost momentum at the turn of 2009/2010s, is really back on track."
  • Nice 'Think Family' advert [Video]

    08/13/2010 10:50:20 AM PDT · by James C. Bennett · 2 replies
    ThinkFamily Singapore ^ | 13 August, 2010 | ThinkFamily
    This is an advert from Singaporean television. I thought some of you might find it interesting. Enjoy. LINK: Click here to watch.
  • Singapore Forecasts 15% Economic Growth

    07/15/2010 4:35:12 AM PDT · by Cronos · 21 replies · 1+ views
    The New York Times ^ | 14-July-2010 | Bettina Wassener
    Singapore is on pace to be among the world’s fastest-growing economies this year, after a spurt in the first half prompted the government on Wednesday to project an expansion of as much as 15 percent for 2010. That would be four times the pace at which the United States economy is expected to grow. snip Singapore is one of the Asia-Pacific region’s most open economies, serving as a major financial center and as an important production and research hub for pharmaceuticals and electronics. snip The main driver was the manufacturing sector, which expanded 46 percent, thanks to gains in biomedical...
  • Marina Bay Sands Singapore (Infinity pool pics!)

    06/29/2010 10:56:39 AM PDT · by erkyl · 8 replies · 1+ views
    The Marina Bay Sands ^ | 6/24/2010 | N/A
    The Sands SkyPark is an awe-inspiring engineering wonder. This unique structural masterpiece, designed by visionary architect Moshe Safdie, floats atop the three soaring Marina Bay Sands hotel towers 200m in the sky. Stretching longer than the Eiffel tower laid down or four and a half A380 Jumbo Jets, with an impressive 12,400 square meters of space, the Sands SkyPark can host up to 3900 people. The gravity-defying cantilever is one of the largest of its kind in the world. From this privileged observation deck, hundreds of visitors at a time can feast their eyes on the unforgettable panorama view.
  • Pirates Seize Singapore Cargo Ship in the Gulf of Aden

    06/28/2010 11:30:40 PM PDT · by nickcarraway · 7 replies · 1+ views
    BBC ^ | Tuesday, 29 June 2010
    Pirates in the Gulf of Aden off the coast of Somalia have captured a Singapore-flagged cargo ship with 19 Chinese crew on board, maritime authorities said. The Golden Blessing cargo ship is a petroleum and chemical tanker. It was travelling to India from Saudi Arabia when it was hijacked. All 19 crew are reported to be safe. Rescue efforts had begun according to the China Marine Rescue Centre. Singapore maritime authorities said the ship had been chartered to Shanghai Dingheng Shipping Co Ltd, adding that they were closely monitoring the situation. An employee of Golden Pacific International Holdings, which owns...
  • Fricker gets 5 months' jail, caning over vandalism & trespassing charges

    06/28/2010 4:35:49 PM PDT · by James C. Bennett · 24 replies · 1+ views
    Channel News, Singapore ^ | 25 June 2010 1843 hrs | Channel News
    SINGAPORE : Swiss national Oliver Fricker has been sentenced to five months jail and three strokes of the cane. The 32-year-old IT consultant pleaded guilty to trespassing into the SMRT Changi Depot and spray-painting two train carriages. A third vandalism charge for cutting the depot's fence was taken into consideration. Fricker committed the offences between May 16 and 17 with an alleged accomplice, identified as Dane Alexander Lloyd, a Briton who has since left Singapore. The court was told Lloyd allegedly masterminded the plan, and had corresponded with a spray paint supplier before his arrival in Singapore on May 15....
  • The scariest pool in the world, 55 stories above ground

    06/27/2010 9:19:10 AM PDT · by DogByte6RER · 50 replies
    DVICE ^ | 25 June, 2010 | Kevin Hall
    The scariest pool in the world, 55 stories above ground The "Sands Skypark" in Singapore is a pool, greenway and casino with an usual location. The whole thing sits atop not one, but three skyscrapers that make up the Marina Bay Sands hotel. The infinity pool itself is nearly 500 feet in length and features no discernible edge. So what would happen if you swam over? Don't worry, you wouldn't just plummet to the streets below. Instead, you'd fall where the rest of the water does: a basin that also acts as a filter for the water and sends it...
  • Swiss Train Vandal to Be Caned, Jailed in Singapore

    06/26/2010 9:55:42 PM PDT · by nickcarraway · 88 replies · 2+ views
    AFP ^ | 6/26/10 | Idayu Suparto and Philip Lim
    A Singaporean court sentenced a Swiss man to five months' jail and three strokes of a cane Friday for breaking into a metro depot and spray-painting a train, a punishment that could scar him for life. Oliver Fricker, a 32-year-old expatriate winding up a posting in Singapore as a software consultant, had pleaded guilty to trespass and vandalism, which are considered serious offences in the city-state. Fricker was sent immediately to jail but his lawyer Derek Kang said he intended to appeal the sentence, which comprises consecutive terms of three months for vandalism and two months for trespass.
  • Boeing bites into Asian pie

    06/22/2010 7:31:45 AM PDT · by sukhoi-30mki
    Flight International ^ | 22/06/10 | Ghim-Lay Yeo
    Boeing bites into Asian pie By Ghim-Lay Yeo Boeing Defense, Space and Security (BDS) expects a sizable chunk of its international business growth over the next five years to come from Asia, as the company continues to seek opportunities abroad in the face of a shrinking US defence budget. Non-US business made up 16% of BDS's total business last year, worth $34 billion in all, says chief executive Dennis Muilenburg. The company expects this to increase to 20-25% five years from now, and business from Asia, which takes up half of that international business segment, is expected to see strong...
  • Shame keeps country squeaky clean

    06/07/2010 9:43:13 PM PDT · by Maelstorm · 24 replies · 97+ views ^ | June 08, 2010 | Edition 1
    SINGAPORE: This country, where painting graffiti can get you caned and drug smugglers are hanged, is trying a new tactic against the city-state's litterbugs: embarrassing them in front of their neighbours. After studying the causes of littering for a year, the government yesterday boosted police patrols of "littering hot spots", added more and larger public rubbish bins and warned that two or more littering violations could lead to sentences of picking up litter in busy public areas while wearing a bright orange vest. "We will continue to take a tough stance towards litterbugs and improve the bin infrastructure," said Andrew...
  • Travel with the Budget of a Worker Bee, Swing like a VIP

    05/08/2010 3:36:49 PM PDT · by Niuhuru · 182+ views
    Associated Content ^ | April 30 2010 | Alice Winters
    Rarely are currency exchange rates as good for the American dollar as that of Asian countries. In Asia, the American dollar carries a lot of clout and with the recent devaluation of the USD; it is a good thing that these countries offer an excellent trip for so little cost to Americans.
  • Travel Like a VIP on a Small Budget in Asia

    04/30/2010 12:29:29 PM PDT · by Niuhuru · 16 replies · 583+ views
    Associated Content ^ | April 30 2010 | Alice Winters
    Rarely are currency exchange rates as good for the American dollar as that of Asian countries. In Asia, the American dollar carries a lot of clout and with the recent devaluation of the USD; it is a good thing that these countries offer an excellent trip for so little cost to Americans.
  • Singapore revalues dollar after growth spike

    04/15/2010 1:21:13 AM PDT · by bruinbirdman · 329+ views
    The Financial Times ^ | 4/14/2010 | Kevin Brown in Singapore and Geoff Dyer in Beijing
    Singapore has revalued its currency to head off inflation after year-on-year economic growth surged 13.1 per cent in the first quarter. The move by the Monetary Authority of Singapore on Wednesday helped to push up most currencies in developing Asia as traders speculated that regional economic expansion was accelerating, increasing the likelihood of a fresh round of interest rate rises. Official data are expected to show on Thursday that the Chinese economy grew at an annual rate of 12 per cent in the three months to March, its fastest rate in three years. China’s robust recovery from the global crisis...
  • Singapore’s lesson from Harvard model (Is the Ivy League's Investment Model Faltering?)

    04/09/2010 7:09:55 AM PDT · by SeekAndFind · 351+ views
    Financial Times ^ | 04/09/2010 | Gillian Tett
    The doughty Government Investment Corporation of Singapore is not often a hotbed of heretical thought. Recently, however, a debate has been bubbling at the GIC that has fascinating implications for investors round the world. The issue at stake revolves around the so-called Harvard or Yale investment model. During most of its recent history, the GIC – like many other sovereign wealth funds round the world – has looked at these huge university endowment funds with envy and admiration. For the Harvard or Yale model seemed to offer an exciting vision for any long-term investment group that wanted to do more...
  • Inauguration of the RSAF's First Local F-15SG Squadron

    04/05/2010 6:35:54 PM PDT · by ErnstStavroBlofeld · 3 replies · 349+ views
    MINDEF ^ | 4/05/2010 | MINDEF
    Deputy Prime Minister and Minister for Defence Teo Chee Hean officiated at the inauguration ceremony of 149 Squadron, the Republic of Singapore Air Force's (RSAF's) first local F-15SG Squadron, at Paya Lebar Air Base this afternoon. The F-15SG Squadron will join the fighter group under the Air Combat Command, which plans, controls and executes air warfare operations. This marks a significant milestone in the 3rd Generation RSAF's development of its advanced fighter capabilities. Speaking at the inauguration ceremony, Mr Teo highlighted the crucial role that the F-15SG squadron will play in enhancing the Singapore Armed Forces' (SAF's) ability to deal...
  • Singapore 'to get Israel's Iron Dome'

    04/04/2010 11:08:42 PM PDT · by ErnstStavroBlofeld · 9 replies · 457+ views
    Space Daily ^ | 4/02/2010 | UPI via Space Daily
    Singapore is reported to be acquiring Israel's new Iron Dome anti-missile air-defense system under a once-secret military cooperation pact with the Jewish state that dates to the 1960s. Indeed, according to the Paris Intelligence Online Web site, Singapore helped finance the development of the system by Rafael Advanced Defense Systems. It says that Iron Dome was always intended for the island, a key Asian shipping hub and one of the richest per capita states in the world, because of its strategic location as a trading center. The Israeli air force, which runs the Jewish state's air defense network, completed test-firings...
  • Feeding Starving People

    03/20/2010 10:47:31 AM PDT · by Congressman Billybob · 19 replies · 582+ views
    Special to FreeRepublic ^ | 20 March 2010 | John Armor (Congressman Billybob)
    Last Saturday, we did something that was only a small step up from mindless, unskilled labor. I’m glad we did it. We recommend it to everyone else. An enthusiastic lady came to our Rotary meeting a week before. She was a teacher, acting as a volunteer for her church. She asked us to join with people from another half dozen other Rotary Clubs to pack 100,000 meals for starving people in Haiti. We decided it was a good cause, and we went. There were two shifts requested at the National Guard Armory in the County Seat of Franklin, North Carolina....

    03/03/2010 9:47:40 PM PST · by Velveeta · 532 replies · 5,882+ views
    3/3/2010 | Freeper Collaboration
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