BUSINESS TIMES:
- Malaysia yesterday said that it was considering using its chip-based national identity card to prevent visitors from Singapore and Thailand from buying cheap subsidised fuel meant for locals.
- Higher costs, lower investment income, and the lack of large asset revaluation gains or tax write-backs have ensured that corporate earnings reported so far for the quarter ended March have been unimpressively flat.
- Shipbuilders, property trusts and companies related to the construction and oil and gas industries mostly reported strong earnings growth in the first three months of the year, boosted by strong demand and high property prices.
- Sizzling sales in China, Europe and Malaysia helped counter a seasonal slowdown and gave Micro-Mechanics' fiscal third quarter earnings a 22 per cent boost.
- This morning was a landmark occasion for Scotland's renowned Queen Margaret University (QMU), as students began classes for the first time at its Asia campus in Singapore - the first full-fledged overseas site by a British institution to open in Singapore.
- Royal & Sun Alliance Insurance aims to grow its business here by 25 per cent this year, riding on Singapore as a major insurance hub where much of Asia's construction projects are re-insured.
THE STRAITS TIMES:
- Some 75 participants and observers from the World Health Organisation (WHO) member countries are meeting in Singapore to review and refine an Asia Pacific dengue strategic plan.
- Drug companies have been told to stop running 'educational' advertisements because they are anything but educational.
- The Workplace Safety and Health Council, whose formation the Prime Minister announced last week, will help match will to means in Singapore's drive to reduce industrial accidents.
- The market for en bloc sales may have gone dead quiet, but the issue is still raising a ruckus at two of Singapore's most iconic condominium developments in the East.
- Middle Eastern investors are increasingly looking to Singapore and other South-east Asian nations for deals as financial ties grow between the two regions.
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