Singapore

Singapore man fined for tying up sex worker

Singapore man fined for tying up sex workerSingapore  - A Singapore court fined a restaurant manager 500 Singapore dollars (326 US dollars) Thursday for tying up a sex worker who subsequently fell to her death from a window of the man's ninth-floor flat, a news report said.

Edmund Peter Anthony had taken the 27-year-old Thai woman home and had sex with her on October 15, 2007, the online edition of the Straits Times newspaper reported. Before he went to the bathroom, he tied her hands and ankles with neckties.

Singapore's economy grew 1.1 per cent in 2008

Singapore's economy grew 1.1 per cent in 2008 Singapore  - The Singapore economy grew by 1.1 per cent in 2008, compared with 7.8 per cent a year earlier, the Ministry of Trade said Tuesday.

However, the city-state's gross domestic product (GDP) fell by 4.2 per cent on a year-on-year basis in the fourth quarter after posting flat growth in the third quarter.

On an annualized, seasonally adjusted basis, GDP slumped by 16.4 per cent from October to December last year, following a 2.1-per-cent contraction in the previous quarter, the ministry said.

Singapore taxi driver must pay maximum fine for public pee

Singapore taxi driver must pay maximum fine for public pee

Singapore court sentences Japanese oil trader to five years

Singapore court sentences Japanese oil trader to five yearsSingapore  - A Singapore court sentenced a former trader of Japanese
company Mitsui Oil to five years in jail on Wednesday for hiding some
81 million US dollars of losses after some of his trading bets went
wrong, media reports said.

Noriyuki Yamazaki, 37, pleaded guilty of falsifying accounts between
April and October 2006. He put in false prices for the petroleum
product naphta, which prevented the head office from finding out the
true scale of his losses.

Yamazaki had believed that the prices would turn and that he would be

Singapore may lose 99,000 jobs by mid-2010: DBS Bank

Singapore may lose 99,000 jobs by mid-2010: DBS Bank Singapore  - Singapore is likely to experience its worst ever recession and may lose 99,000 jobs by mid-2010, a DBS Bank report said Wednesday.

"Policy measures that have been put forth so far will help to cushion the blows but the worst of the labour market cycle is yet to come," the DBS researchers warned.

On account of the sharp collapse in global demand and export sales, Singapore's economy is likely to experience its worst ever growth rate this year with a GDP contraction of 4.8 per cent.

Singapore stocks rise 2.3 per cent

Singapore FlagSingapore - Singapore shares closed up 2.3 per cent Mon

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