Singapore monk shuns Middle Path for fast lane

Singapore monk shuns Middle Path for fast lane Singapore  - Singapore's top Buddhist monk has lived a lavish lifestyle with name branded goods and nine gold credit cards, according to a report in the Sunday Times.

"We are living in a modern world," the newspaper quoted monk Ming Yi as telling auditors and police during an investigation into a charity hospital that he had headed.

The report said Ming Yi was a high-end shopper who spent on brands like Louis Vuitton and Montblanc, and had given three supplementary credit cards to his friends including a monk based in Hong Kong.

Singapore gears up to tackle casino-related crime

Singapore gears up to tackle casino-related crime Singapore  - Singapore is preparing to deal with casino-related offences, such as cheating and prostitution, ahead of the opening of two casino-anchored resorts, the first of which is due to open in December, media reports said Saturday.

Deputy Prime Minister and Home Affairs Minister Wong Kan Seng noted that newly opened casinos are often the subject of syndicate scams, and to combat such schemes, the Casino Regulatory Authority (CRA) would increase its staff to 116 by the end of the year from a current 75.

‘Penniless'' frail Oz model offered sex work in Singapore

AustraliaMelbourne, April 17 : A young Sydney woman''s dream of b

Singapore to launch iron ore swap contracts

Singapore to launch iron ore swap contractsSingapore - The Singapore Exchange announced on Friday that it will launch the world's first clearing of over-the-counter (OTC) iron ore swap contracts on April 27.

The SGX said it has also signed an agreement with the Steel Index (STI) to provide its reference price for the settlement of the iron ore swap contracts to be cleared via SGX AsiaClear.

A 500-metric-ton iron ore swap contract would be cash-settled based on the average of TSI iron ore reference prices in the expiring month.

Singapore police report increase in illegal immigrant boats

SingaporeSingapore - Singapore police coast guards chased away 58 illegal immigrant boats from landing along the shores of the city state in the first three months of this year, more than double the 27 boats detected during the same period last year, according to a Straits Times report Friday.

The police coast guard commander, Assistant Commissioner of Police Teo Kian Teck, said the intruders resorted to dangerous manoeuvering in darkness when they wee being pursued.

The police caught 35 illegal immigrants during January-March 2009 compared with 46 a year ago.

Singapore awards rock cavern contract to Hyundai

Singapore awards rock cavern contract to HyundaiSingapore  - Singapore's industrial development group JTC Corp on Thursday awarded an 890-million-Singapore-dollar (594 million US dollar) contract to South Korea's Hyundai Engineering and Construction to build two rock caverns for storing oil on the western part of the island state.

JTC said the first two of the 132-metre-below-ground Jurong Rock Caverns would be completed by 2013.

The caverns would hold 1.47 million cubic metres of oil underground, according to a report by the Straits Times Thursday.

JTC was also to build three other caverns.