Singapore

Former BHP boss Goodyear to lead Singapore Temasek

Temasek Holdings LogoSingapore - Ho Ching, the chief executive officer of Singapore's state investment company Temasek Holdings (Pte) Ltd, will step down and be replaced by Charles W Goodyear, the former boss of the global resources company BHP Billiton, Temasek announced Friday.

Goodyear, a 51 year old US-citizen, was to succeed Ho on October 1, 2009, the company said. He already joined the Temasek board and will assume the position of CEO-designate on March 1.

Ho, the wife of Singapore's Prime Minister Lee Hsien Loong, has been CEO of Temasek since January 2004.

Singapore housewife gets 10 months in jail for scalding maid

Singapore - A Singapore housewife was sentenced to 10 months in jail for scalding her maid and sending her home to Indonesia without medical attention, media reports said Thursday.

A district judge found the accused, a 40-year-old mother of three, guilty of pouring hot water onto the back of her maid.

According to the public prosecutor, the maid, now 26, suffered second-degree burns to her neck, back and left shoulder that left her body blistered.

The housewife was also accused of trying to cover up the May 15, 2006, incident, by sending her maid back to Indonesia, the Straits Times newspaper reported.

Singapore tourism sees records despite fewer visitors in 2008

Singapore tourism sees records despite fewer visitors in 2008 Singapore  - The Singapore tourism industry hit some records in 2008 even though visitor numbers fell and tourism spending fell short of targets.

The city-state welcomed 10.1 million visitors last year, 1.6 per cent fewer than in 2007 and below the 10.8 million target set for 2008, media reports said Wednesday.

According to the Singapore Tourism Board, the decline in visitor arrivals reflected the impact of the global economic slowdown on consumer sentiment and discretionary spending.

Lee: Government will help all needy to tackle economic crisis

Lee: Government will help all needy to tackle economic crisis Singapore  - Prime Minister Lee Hsien Loong has assured Singaporeans that his government would help the needy tackle the economic crisis, media reports said Monday.

"We will make sure that everyone who needs help will get help, and everyone who makes the effort to help himself and his family, we will make sure he is all right," Lee said Sunday night at a Chinese New Year dinner in his ward in Ang Mo Kio.

Singapore court jails Filipino on fraud charge

Singapore court jails Filipino on fraud chargeSingapore - A Filipino woman was sentenced to four years in prison for trying to defraud a bank of 100 million Singapore dollars (66.21 million US dollars) with a fake certificate of deposit that was originally in the name of former Philippines president Ferdinand Marcos' son.

Singapore manufacturers see weak first half 2009

Singapore manufacturers see weak first half 2009 Singapore - Singapore's manufacturing sector is expecting a weak first half of this year due to the rapid decline in global economic conditions, the city state's Economic Development Board (EDB) said Friday.

The weak business sentiment is broad-based, affecting all clusters in the manufacturing sector.

Pages