Friday, 2 December 2011

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Corruption Perceptions Index 2011: Singapore in fifth spot

  • Friday, 2 December 2011
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    Hundreds of workers strike at Singapore-owned plant in China

  • MSNBC.com, 2 Dec 2011
    SHANGHAI — More than 200 workers at a Singapore-owned electronics plant in Shanghai remained on strike for a third day on Friday to denounce what they said was a management plan for mass layoffs, the latest outbreak of labor unrest in China.
    Blue-jacketed workers, chanting slogans and holding aloft banners demanding management explanations, blocked the entrance to the factory owned by Hi-P International in the Pudong district of China's commercial hub. Full story

    Related:
    Hundreds strike at Singapore-owned plant in China - Reuters
    Hundreds strike at Singapore-owned plant in China - The Malaysian Insider
    Workers mass at Shanghai factory in latest unrest - The Sydney Morning Herald
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    OPINION: Forget the job market If you want to move to Singapore, try an internal transfer - Simon Mortlock

  • eFinancialCareers.sg, 2 Dec 2011
    As banks in Singapore clamp down on costs, they are carrying out less external recruitment of overseas-based candidates. The best route into the city state these days is via a transfer with your current employer, according to a 20-strong panel of in-house financial HR professionals who attended this week’s eFinancialCareers Singapore roundtable. But candidates must first overcome potential managerial objections and be prepared to take a local package. Full story
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    Football: Singapore won only 28% of all matches in 2011

  • Red Sports, 2 Dec 2011
    Singapore football finished 2011 on a losing note, winning only 28%, or seven of 25 matches, across all age groups (see tables below).
    Full National Squad - The full national squad won only one of seven games played this year, not counting the friendlies. They had a tough World Cup qualifying campaign, scoring an average of one goal per game while leaking 2.4 per game at the back. Full story
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    PAP get Lim Boon Heng to help win back Aljunied GRC from WP

  • Yahoo! Singapore News, 2 Dec 2011
    Even though the next general election is more than four years away, the People’s Action Party (PAP) apparently has started to formulate strategies to win back ground support in Aljunied GRC.
    Leading this effort will be former cabinet minister and party stalwart Lim Boon Heng,...Full story
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    Singapore official elaborates on benefits of increased competition

  • Business Recorder, 2 Dec 2011
    The competition law in Singapore aims at balancing regulatory and business compliance costs framework against the benefits of increased competition - so as to focus on activities that have an adverse effect on competition in Singapore.
    This was stated by Dr Robert Ian McEwin of the Competition Commission of Singapore (CCS) at the 2nd two-day international conference titled "Competition Enforcement Challenges and Consumer Welfare in Developing Countries," on Thursday. Full story
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    Wednesday, 30 November 2011

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    Why some employees no longer care about job offers, pay rises and bonuses

  • Wednesday, 30 November 2011
  • eFinancialCareers.sg, 1 Dec 2011
    A worsening employment market and redundancies in the financial sector have transformed the expectations and behaviour of employees in Hong Kong and Singapore. Compensation was once widely seen as the biggest determining factor when moving firms, but that’s no longer the case.
    John Mullally, manager, financial services, Robert Walters Hong Kong, says: “The main concern candidates now have isn’t about bonuses – it’s job security and career advancement that are the key drivers. That’s a big change from just 18 months ago when remuneration would have been the biggest consideration by far.” Full story
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    Ethical Salaries for a Public Centered Government - SDP’s proposal on ministerial salaries

  • Singapore Democrats, 30 Nov 2011
    Prepared by the SDP's Policy Unit headed by Dr James Gomez, the paper calls for a re-evaluation of the ministers' motivation in serving in public office. It questions the ministers' dedication to serving the nation when they look to rewarding themselves financially instead of performing in the sacrificial spirit of public service.
    The paper points out that "Those who aspire to govern the country must be imbibed with a strong sense of selflessness and love for the nation. To enrich oneself financially for one's service to one's country is incompatible with such a type of leadership." Full story

    Related:
    Peg ministerial salaries to bottom 20th percentile of incomes: SDP - Yahoo! Singapore News
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    I can be your man or woman: social escort

  • Yahoo! Singapore News, 1 Dec 2011
    The sheer volume of advertisements listed under Craigslist Singapore's "Personals" section is insane; there are more than 2,000 ads just under one of the nine sub-sections for this month.
    The site, which provides local classifieds and is the Singapore offshoot of the American website started by Craig Newmark in 1995, has different sections for topics such as jobs, housing, for sale, services, local community, and events. Full story
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    It’s tough out there: Why some employees no longer care about job offers, pay rises and bonuses

  • eFinancialCareers.sg, 1 Dec 2011
    A worsening employment market and redundancies in the financial sector have transformed the expectations and behaviour of employees in Hong Kong and Singapore. Compensation was once widely seen as the biggest determining factor when moving firms, but that’s no longer the case.
    John Mullally, manager, financial services, Robert Walters Hong Kong, says: “The main concern candidates now have isn’t about bonuses – it’s job security and career advancement that are the key drivers. That’s a big change from just 18 months ago when remuneration would have been the biggest consideration by far.” Full story
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    Singapore Profile - BBC News

  • BBC News, 30 Nov 2011
    Although Singapore is a multi-party nation, the People's Action Party (PAP) has been the dominant force since independence, regularly winning well over 60% of the vote.
    But some critics say the PAP cements its hold on power by a electoral system that makes it difficult for opposition parties to gain seats, as well warnings that it will target investment at constituencies that vote PAP. Full story
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    OPINION: Singapore should “grow up” and be more welcoming of foreign financial talent

  • eFinancialcareers.sg, 30 Nov 2011
    Many international firms arrived with an open mind and wanted to hire locals, but I repeatedly heard stories of disappointment. Hiring managers told me that the existing talent pool is demotivated, apathetic and complacent. As a result, they prefer to pay a premium for Western professionals who can start in a position from day one with little oversight.
    Dozens of people from well-respected international financial institutions told me stories about being transferred to Singapore only to find that their boss is ‘anti-expat’ and only hires under-qualified locals to fill other roles in their team. Full story

    Related:
    The runaway MBA: I’m an American financial professional, but I hope my future career will be shaped in Singapore, not New York - eFinancialCareers.sg
    The Runaway MBA: Singapore is so small you can see everyone in your sector just by sitting in the same cafe every day - eFinancialCareers.sg
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    Dutch national becomes sixth Changi Millionaire finalist

  • DFNIonline.com, 30 Nov 2011
    Dutch national Dr Mohamed Reda Akdim has become the sixth finalist for the Be a Changi Millionaire shopping promotion at Singapore Changi airport. Akdim (pictured) won S$5,000 ($3,865) in cash plus return airfare to Singapore with a three-day/two-night stay in a luxurious hotel after purchasing a $9,0000 ($6,962) Omega. Adkim will join five other finalists at the start of next year to compete for the grand prize of S$1m ($773,883) in cash and plans to buy a house if he wins the money. Full story
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    Sri Lanka bourse holds forum in Singapore to attract investors

  • ColomboPage.com, 30 Nov 2011
    Nov 30, Colombo: Sri Lanka's Colombo Stock Exchange (CSE) has held an investor forum in Singapore yesterday (29) in a bid to attract the fund managers and investors based in Singapore.
    The bourse in a statement said it successfully concluded a strong pitch for the investors at the forum titled "Invest Sri Lanka". Full story
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    MF Global Singapore Fires at Least 80 Employees

  • BusinessWeek, 30 Nov 2011
    Nov. 30 (Bloomberg) -- MF Global Holdings Ltd.’s Singapore unit fired at least 80 employees, according to its provisional liquidator KPMG.
    “With regret, one of these measures to contain costs involves reducing the employee headcount at MF Global Singapore,” Bob Yap, head of transactions and restructuring at KPMG in Singapore.... Full story
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    Tuesday, 29 November 2011

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    GIC's GLP to raise S$500 mln via perpetuals-sources

  • Tuesday, 29 November 2011
  • Reuters, 29 Nov 2011
    Nov 29 (Reuters) - Singapore-listed warehouse operator Global Logistic Properties Ltd hopes to raise about S$500 million ($385 million)via the issue of perpetual capital securities to fund its operations, sources said on Tuesday. Full story
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    Lee Kuan Yew: Lee Teng-hui's 'Moses" self-reference irks China's Jiang

  • The China Post, 30 Nov 2011
    An erstwhile proposal to form a jointly owned shipping company between Taiwan, Singapore and China was thwarted by former President Lee Tung-hui's statement comparing himself to the bible's Moses, which so angered former Chinese President Jiang Zemin (江澤æ°') that he called the entire deal off, according to ex-Singapore Prime Minister Lee Kuan Yew's (李光耀) new book. Full story
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    Pinoy "expat" gets advice in forum on using HDB rental to finance private condomimium

  • PinoySG.com
    foreig: "SGD 6K monthly is enough to live comfortably in Singapore.
    In fact, with careful financing you could even get richer ahead of others in Singapore.
    1. Volunteer to help out at your constituency.
    1. Get a PR. (not citizenship unless you moving on to US or Europe)
    2. Buy HDB. (do not worry. HDB price will not crash, it will only go up, up)
    3. Rent out your HDB and buy a private condonminium (must inform HDB about you renting it out.)
    4. Use the HDB rental to finance your private condonminium"
    Link
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    Nano-sized chemical in sunscreen, cosmetics could cause cancer, say Singapore scientists

  • Yahoo! Singapore News, 29 Nov 2011
    Companies in the cosmetics and sunscreen industry may need to rethink the use of nano-sized zinc oxide in their products, warned a group of scientists on Tuesday.
    Preliminary research has found that the chemical, when used in its tiniest form, could enter human cells, damage the cell’s DNA and cause cancer, according to researchers from the Nanyang Technological University (NTU) and National University of Singapore (NUS). Full story
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    Singapore private resale home prices remain flat

  • Malaysia Star, 30 Nov 2011
    SINGAPORE: Resale prices of private homes rose a touch last month, reversing a slight dip in September, but the overall trend suggests a period of flat values.
    The new Singapore Residential Price Index (SRPI) flash figures out yesterday showed that prices rose 0.9% last month, rallying from a 0.1% dip in September. Full story
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    GOP presidential candidate Newt Gingrich Praises Singapore’s Mandate Executions For Drug Possession

  • Thinkprogress.org, 29 Nov 2011
    At one point, the interviewer, Chris Moody, asked Gingrich if he still supports a bill he introduced in the ’90s that would’ve given capital punishment to drug smugglers. Gingrich responded that he does support this policy for cartel leaders and that he wants to see a new drug strategy overall. He then went on to praise Singapore for its “very draconian” approach to the drug war:.....Full story
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    Singapore Output Price Inflation Rises In October

  • RTTNews, 29 Nov 2011
    (RTTNews) - Singapore's producer price inflation accelerated notably in October, data released by the Department of Statistics showed Tuesday.
    Output prices of manufactured products rose 9.1 percent on an annual basis in October, sharply faster than September's 7.3 percent increase. Prices of oil products climbed 29.6 percent annually, while output prices of non-oil products advanced 2.1 percent. Full story
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    SlutWalk organisers fight against need for police permit

  • Yahoo! Singapore News, 30 Nov 2011
    They may have been given a police permit, but Singapore’s SlutWalk organisers are now fighting to not have to use it.
    “No one (who has organised similar events in the past) has had to apply for a police permit before, and we feel it’s important to not set a precedent for other events in the future to do this as well,” one of the organizers Cher Tan, 24, told Yahoo! Singapore on Tuesday evening. Full story
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    Former chief minister: Son had worked in Singapore PM's office

  • Khaleej Times Online, 30 Nov 2011
    Seeking to shoot down the allegation raised by Vijayamma in her petition that disgraced Satyam founder Ramalinga Raju had funded his son N Lokesh’s education in the US, Naidu wondered if universities in the US sold seats for money and whether they needed donations. Besides, he also pointed out that Lokesh had worked in World Bank, GE, Mercedes Benz and in the Singapore Prime Minister’s Office before joining the family business back
home. Full story
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    Monday, 28 November 2011

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    Hundreds of Indonesian workers block tin shipment to Singapore

  • Monday, 28 November 2011
  • Steel Guru, 29 Nov 2011
    Reuters reported that hundreds of smelter workers on Indonesia's Bangka Island thwarted an attempt by tin producer PT Koba Tin to export 400 tonnes of ingot to Singapore as they sought to enforce a self imposed industry shipping stoppage.
    Smelters in the region stopped shipments from October 1st 2011 in an effort to push benchmark tin prices above USD 23,000 per tonne. Full story
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    PAP Government in state of denial - Inderjit Singh

  • inSing.com, 28 Nov 2011
    Another highlight of the convention saw Member of Parliament (MP) Inderjit Singh, talking about how the PAP "got carried away" with policies that had good intentions, but did not improve lives of the Singaporeans "as much as we thought they did."
    The MP stated that housing and economic growth policies were mishandled by the PAP.
    He lamented that the government appeared to be "in a state of denial" and was simply quoting statistics to show that housing remains affordable and sufficient. Full story
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    Ex-Minister Raymond Lim joins Swire as "senior advisor"

  • Reuters, 28 Nov 2011
    Nov 28 (Reuters) - The Singapore arm of the parent company of the Swire conglomerate said Monday that it has added former Singapore minister Raymond Lim as a senior adviser. Full story
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    Pinoy-led Changi Group team checks on NAIA facilities

  • Malaya.com.ph, 29 Nov 2011
    A six-member team from the Changi Airport Group (CAG) which arrived yesterday to look into the problems of the 30-year-old Ninoy Aquino International Airport Terminal 1 were surprised to breeze through immigration and customs in just 25 minutes. Full story
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    Singapore’s MAS Faces Price Stability Challenge, Lee Says

  • Bloomberg
    The Monetary Authority of Singapore, the city state’s central bank, faces the challenge of maintaining price stability amid a more volatile global environment, Prime Minister Lee Hsien Loong said.
    “Because of the economic and political uncertainties in the EU and U.S., and the worries over global deleveraging and rebalancing, financial markets and capital flows will continue to be volatile, and asset price inflation will remain a risk,"...Full story

    Related:
    Singapore Prime Minister Underlines Four Challenges For A Brighter Future - Bernama.com
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    Lee Kuan Yew launches fund to promote bilingualism

  • Xinhua, 28 Nov 2011
    SINGAPORE, Nov. 28 (Xinhua) -- Singapore's former Prime Minister Lee Kuan Yew announced a fund to promote bilingualism on Monday.
    The establishment of the fund was announced at the launch of a new book by Lee entitled My Lifelong Challenge: Singapore's Bilingual Journey. Lee will donate 10 million Singapore dollars to the fund, with another 2 million Singapore dollars from the sale of special editions of his new book. Full story
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    PAP Government in stae of denial - Inderjit Singh

  • inSing.com, 28 Nov 2011
    Another highlight of the convention saw Member of Parliament (MP) Inderjit Singh, talking about how the PAP "got carried away" with policies that had good intentions, but did not improve lives of the Singaporeans "as much as we thought they did."
    The MP stated that housing and economic growth policies were mishandled by the PAP.
    He lamented that the government appeared to be "in a state of denial" and was simply quoting statistics to show that housing remains affordable and sufficient. Full story
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    Numerous spas in very shaky financial shape: CASE

  • Yahoo! Singapore News, 28 Nov 2011
    In implementing the CaseTrust spa protection scheme, which kicked in on 1 October, CASE said in a statement that it discovered that some spas collecting pre-payments from consumers are in "very shaky financial positions and are also engaging in questionable financial practices".
    It said one spa service provider was operating at an expected annual loss of nearly $1 million, and yet its directors were borrowing $1.6 million from the company for personal use. Full story
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    S'pore actress Janice Koh steps forward for NMP position

  • Yahoo! Singapore News, 28 Nov 2011
    Singapore actress Janice Koh has put herself forward as a possible nominated Member of Parliament (NMP).
    Announcing her decision to do so on Facebook on Sunday afternoon, Koh said she is responding to the need for nominees to step up ahead of the 8 December deadline, when nominations from members of the public close. Full story
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    Sunday, 27 November 2011

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    OPINION: Did this Singapore's Mediacorp kung fu show crib the intro from Game of Thrones?

  • Sunday, 27 November 2011
  • io9.com
    The ever-evolving, Emmy Award-winning Game of Thrones title sequence impressed viewers with its clockwork globe of Westeros. It apparently also made an impression on the creators of a Singaporean kung fu drama set in the 1960s.
    Singaporean tipster Colin has brought to our attention Code of Honor, a TV show on the Mediacorp channel that utilizes a Throney design for its own promo materials. Should this be more than an accident, the Game of Thrones writers should return the favor and pen several new scenes of Joffrey getting drop-kicked on his sassy cheeks. Link
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    SAF leaves Rockhampton

  • The Morning Bulletin, 28 Nov 2011
    Its cavernous innards crammed with five helicopters, the world's largest commercial airliner was due to leave Rockhampton before dawn today to mark the end of another lucrative visit by Singapore's armed forces.
    During the 65-day exercise based in Shoalwater Bay's military training area, 5000 Singaporean army and air force personnel have trooped through Rockhampton. Full story
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    Lee Hsien Loong pledges "a new PAP" for Singapore

  • Yahoo! Singapore News, 28 Nov 2011
    The People’s Action Party (PAP) will work differently as Singapore enters a new phase, said Prime Minister Lee Hsien Loong on Sunday, when he bared the party’s plans to transform itself following a watershed general election.
    Pledging a “new PAP for a new era” in his speech during the ruling party’s convention, the PAP secretary-general pointed out that members must fight to win in every constituency and future elections would be tougher contests. Full story
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    Singapore commemorates philanthropist Tan Kah Kee

  • Xinhua, 26 Nov 2011
    SINGAPORE, Nov. 26 (Xinhua) -- Hundreds of people attended a seminar in Singapore on Saturday to commemorate the 50th anniversary of the death of Tan Kah Kee, a well-known philanthropist and entrepreneur who has had a lasting legacy in both southeast Asia and China.
    The seminar was held at the Hwa Chong Institution, one of the schools founded by Tan himself during his lifelong donation to the education causes. It gathered scholars, government officials, some of his descendants as well as other guests from Singapore, Malaysia and China. Full story
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    Lim Hng Kiang: Malaysia, Singapore should tap each other’s advantages

  • Malaysia Star, 28 Nov 2011
    SINGAPORE: Singapore's Trade and Industry Minister Lim Hng Kiang has urged Malaysia and Singapore to capitalise on each other's comparative advantages to brave the global economic volatilities ahead.
    Lim also encouraged businesses in Singapore to leverage their expertise with Malaysian companies by integrating business or manufacturing processes across the borders. Full story
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    OPINION: YPAP rally at Speakers' Corner. Better to use the phone - Dr Vincent Wijeysingha

  • Singapore Democrats, 28 Nov 2011
    As is typical for public services, a tightly-knit network of agencies and officers control the various agencies that provide public amenities. The table below provides a limited list of the many men and women to whom YPAP could have made their case. Many of them are either directly employed by the government or members of the PAP.
    Public advocacy in Singapore has typically fallen on deaf Government ears, and in recent years the authorities have moved to clamp down on rallies, demonstrations and protests of various kinds. Full story
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    Saturday, 26 November 2011

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    'Stop bullying MP Baey Yam Keng" online movement flopped

  • Saturday, 26 November 2011
  • inSing.com, 27 Nov 2011
    A netizen recently started a movement called "Stop bullying MP Baey Yam Keng".
    This comes after Member of Parliament (MP) Baey came under fire for raising a "liberal" question in parliament.
    However, support for the "movement" appears to be mixed, with only some netizens voicing support.
    If anything, the "movement" only appears to have attracted more heated discussion and even criticism for the MP. Full story
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