Lim Hwee Hua: World system moves towards new order
The global economic situation appears to be no longer so dire, as with any major shock to the system, there will be profound structural changes that will shift the equilibrium towards a "new world order," a Singapore official said on Thursday. The economic situation has somewhat stabilized these two quarters, which thanks to...
Second group of minibond investors to commence legal action
From our Correspondent [EDITORS' NOTE: Please support Project Kasih here] Following reports last week that 204 minibond investors will be suing DBS bank to recover the $17 million dollars they lost in the purchase of credit-linked products, another group of inevstors have commenced legal action in a bid to recoup their losses. The...
Finance Minister Tharman warns of possible recession next year
From our Correspondent Singapore's Finance Minister warned that Singapore should be prepared for the possibility of a sluggish world economy or even a double-dip recession next year during a speech made at the SGX 10th anniversary celebration yesterday. A double-dip recession - also known as W-shaped - refers to an economy...
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