Singapore

Singapore expected to slightly recover by end of 2009

Singapore expected to slightly recover by end of 2009 Singapore  - Singapore's economy is expected to recover slightly in the final quarter of 2009, just after sliding even deeper into recession during the first three quarters of the year, a survey by the city-state's central bank showed Monday.

A poll of 20 economists and analysts by the Monetary Authority of Singapore in February showed they expect Singapore's gross domestic product (GDP) to fall 8.5 percent in the first quarter 2009 compared to the same period a year ago.

Container traffic in Singapore port drops by nearly 20 per cent

Container traffic in Singapore port drops by nearly 20 per cent Singapore - Container traffic in Singapore's port slumped 19.8 per cent in February compared with a year ago as the shipping industry is hit hard by the ongoing decline in worldwide trade.

The container traffic through the city-state's port reached 1.85 million 20-foot equivalent units in February, down from
2.31 million units in February last year, according to preliminary estimates published Saturday on the website of the Maritime and Port Authority Singapore.

Singapore takes editor of Wall Street Journal to court

Singapore - The Singapore government is taking an editor of The Wall Street Journal to court over three articles that it said showed contempt for the city-state's judiciary, a news report said Saturday.

A judge in the High Court granted an application by the attorney general to start proceedings against Melanie Kirkpatrick, a deputy editor with the New York-based business newspaper's editorial page, the Straits Times newspaper reported.

The three articles were published in June and July in the editorials and opinion section of The Wall Street Journal Asia.

Singapore court jails former airforce sergeant for abusing maid

Singapore court jails former airforce sergeant for abusing maid Singapore - A Singapore court on Friday sentenced a former airforce sergeant to 20 months in jail for physically abusing his Indonesian maid, media reports said.

Tong Chew Wei, 31, was also ordered to pay the victim, Nana Widayanti, 6,480 Singapore dollars (4,200 US dollars), the online edition of Straits Times newspaper reported.

Tong was convicted on seven charges for abuse that took place between December 2006 and February 2007.

Singapore shares end week up 5.6 per cent

Singapore - Singapore shares surged 5.62 per cent Friday as a bounce on Wall Street helped to ease pressure on the market.

The key Straits Times Index rose 83.99 points to 1,577.52.

Singapore's retail sales plunge in January

Singapore's retail sales plunge in January Singapore - Singapore's retail sales dived in January as shoppers turned their backs on expensive goods amid the city-state's worst recession in decades.

Retail sales in January were 12.2 per cent lower than in the same period last year, the Department of Statistics said in a statement Friday.

Compared with January 2008, the drops in sales of motor vehicles, watches and jewellery, furniture, household equipment and technical items varied from 14.5 per cent to 31.7 per cent.

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