Singapore : PM Lee says Singapore must get its politics right to stay competitive

Singapore : PM Lee says Singapore must get its politics right 

to stay competitive

Singapore must get its politics right in order to remain economically competitive for the future, said Prime Minister Lee Hsien Loong on Friday at a dialogue.

Answering a question on how to build a sustainable economic model for the next 30 years Mr Lee said it has to start with politics.

"If the politics is wrong, you can't get the economics right," he said in a dialogue at the DBS Asia Insights conference at Sands Expo and Convention Centre.

The right politics will allow the government to implement policies to share the wealth broadly and keep society from being divided, he said.

Resource from:

http://www.straitstimes.com/breaking-news/singapore/story/pm-lee-says-singapore-must-get-its-politics-right-stay-competitive-201

Read More

Temasek's portfolio rises 8.6% to hit record of $215 billion, driven by strong equity markets

Temasek's portfolio rises 8.6% to hit record of $215 billion, driven by strong equity markets

SINGAPORE investment firm Temasek Holdings saw its portfolio hit a new record last year, lifted by strong stock markets in Asia.

Its portfolio rose by 8.6 per cent over last year to hit a fresh peak of $215 billion as at March 31 this year, Temasek said on Thursday.

Asian equity markets rose strongly from the middle of last year to the first three months of this year, but have since fallen due to concerns over rising interest rates and the tightening of central banks' loose monetary policies.

Temasek will continue to stay focused in Asia and the emerging markets but will look at opportunities in the developed markets, said chairman S. Dhanabalan.

Resource from:

http://www.straitstimes.com/breaking-news/money/story/temaseks-portfolio-rises-86-hit-record-215-billion-driven-strong-equity-ma

Read More

Singapore - Haze update: PSI falls to 197 at 9pm on Thursday

Singapore - Haze update: 

PSI falls to 197 at 9pm on Thursday  

The PSI has fallen to 197 at 9pm Thursday, from 231, in the last hour.

The PSI fell for the past eight hours after hitting a high of 371 at 1pm Thursday.

Raging fires in Indonesia- some started by companies to clear vegetation on land- have caused the haze situation in Singapore.

Resource from:

http://www.straitstimes.com/breaking-news/singapore/story/haze-update-psi-falls-197-9pm-thursday-20130620

Read More