Why Moody’s downgraded S’pore banks
(6 Aug) - Last week I read a rather disturbing story in the financial news. According to the article Moody's, the rating agency, downgraded Singapore's banking sector from "stable" to "negative." Singapore? Last September I wrote about problems with banks in several emerging markets, but Singapore was not on the list. It has...
New bird flu strain H7N9 can spread between humans!
132 cases and 37 deaths in China and Taiwan have been linked to the H7N9 virus. Photo: AP (7 Aug) - Chinese scientists have found the strongest evidence yet that a new bird flu strain is sometimes able to spread from person to person, but they are emphasising that the virus still does not transmit easily. The new bird flu strain,...
Low birth rate not my fault: Lee Kwan Yew
SINGAPORE (Aug 6, 2013): Singapore's founding father Lee Kuan Yew has denied his policies were to blame for the city's low birth rate and said financial handouts for young couples would not solve the problem. In excerpts from a new book, Lee insisted that the reluctance of couples to have more children was the result of changed...
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