Singapore - Singapore's non-oil exports fell for a fifth-consecutive month in September as the city-state's customers in Europe and the United States wanted fewer of its electronics and pharmaceuticals, the government's trade-promotion agency said Friday.
Singapore registered a 5.7-per-cent drop from September 2007 after August's 14-per-cent decline, International Enterprise Singapore said.
The statistics were released after Singapore entered a recession last quarter because it was selling fewer of its products abroad.
New York - An international human rights watchdog on Friday accused the Singapore government of trying to silence critics with unfair defamation lawsuits.
Elaine Pearson, Human Rights Watch's deputy director for Asia, said the lawsuits, used against opposition politicians and critical media, make "a mockery of Singapore's claim to be a model democracy."
"Opposition criticism of the government is an essential ingredient of a democratic political system," she added, urging the wealthy city-state to stop its limitations on free political speech.
Singapore - In move to further boost confidence in the banking system, the Singapore government has moved to guarantee 150 billion Singapore dollars (101.4 US dollars) in Singapore dollar and foreign currency deposits for the next two years, media reports said Friday.
The move will back accounts of individual and non-bank customers in licensed banks, finance companies, merchant banks and cooperatives.
Singapore - Singapore's Finance Minister Tharman Shanmugaratnam assured the public Wednesday that the city state's banking system was not in trouble despite the current global financial crisis.
The city state's de facto central bank, the Monetary Authority of Singapore, has responded to the crisis in a measured way and as such there was no need to provide guarantees for local banks, he said.
He pointed out that confidence was still high in Singapore's financial system despite the global financial problems.
Singapore - Singapore's Finance Minister Tharman Shanmugaratnam assured the public Wednesday that the city state's banking system was not in trouble despite the current global financial crisis.
The city state's de facto central bank, the Monetary Authority of Singapore, has responded to the crisis in a measured way and as such there was no need to provide guarantees for local banks, he said.
He pointed out that confidence was still high in Singapore's financial system despite the global financial problems.
Singapore - Singapore shares rose Tuesday, joining in global gains as an increasing number of governments are set to pump cash into their economies in the face of the international financial crisis.
The Straits Times Index rose 51.96 points, or 2.5 per cent, to close at 2,128.31.
Traders said the rise was encouraged by more governments' commitments to support cash-strapped banks and the biggest points gain in history by the Dow Jones Industrial Average on Monday.
A Singapore trader cautioned that while the surge on the Singapore Stock Exchange was subject to a correction because of global economic uncertainties and any fallout among banks, it was likely to help build confidence in the stock market.
Singapore - Singapore's non-oil exports fell for a fifth-consecutive month in September as the city-state's customers in Europe and the United States wanted fewer of its electronics and pharmaceuticals, the government's trade-promotion agency said Friday.
New York - An international human rights watchdog on Friday accused the Singapore government of trying to silence critics with unfair defamation lawsuits.
Singapore - In move to further boost confidence in the banking system, the Singapore government has moved to guarantee 150 billion Singapore dollars (101.4 US dollars) in Singapore dollar and foreign currency deposits for the next two years, media reports said Friday.
