Monday, March 18, 2013

We're cute and sexy

We're cute and sexy

March 17, 2013 - 11:41pm

By: 

TNP PHOTO: ARIFFIN JAMAR
It's no secret that she’s hot stuff.
Korean singer Hyosung proved her popularity when her recent foray into modelling lingerie became an overnight success.
The curviest member of K-pop girl group Secret had agreed to be the spokesmodel for Korean lingerie brand Yes in January.
Her pictures were unveiled last month as part of its online and print ad campaigns.
At a Secret press conference in town yesterday, ahead of the group’s concert here on March 29, Hyosung said: “Many of us are both sexy and cute, so I feel that we all suit both images.”
Read the full report in The New Paper on Monday (March 18).


- wong chee tat :)

Interest rate for CPF Special and Medisave Accounts remains at 4%

Interest rate for CPF Special and Medisave Accounts remains at 4%
Posted: 18 March 2013 1325 hrs
     
SINGAPORE: CPF members will continue to enjoy a risk-free interest rate of four per cent on their Special and Medisave Accounts (SMA) from April 1 to June 30, 2013.

Savings in the SMA currently earn either four per cent, or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus one per cent, whichever is higher.

The interest rate on SMA savings is adjusted every quarter.

It is based on interest rates on 10YSGS over a preceding 12-month period.

The average yield of the 10YSGS plus one per cent, from March 1, 2012 to February 28, 2013, works out to 2.44 per cent.

-CNA/ac

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Singapore shares tumble on fresh eurozone concerns

Singapore shares tumble on fresh eurozone concerns
Posted: 18 March 2013 1750 hrs
     
SINGAPORE : In Singapore, share prices closed weaker on Monday following fresh concerns over the eurozone.

Traders said the market followed regional exchanges lower as a controversial bank bailout in Cyprus brought concerns about Europe's debt crisis back to the fore.

Wall Street also provided a weak lead, with the Dow seeing its first loss last Friday after a 10-day rally as data pointed to ongoing softness in the US economy.

The ST index lost 29.58 points to 3,256.47 on a volume of 2.8 billion shares.

There were 119 gainers against 270 losers by the close of dealings.

Among actives, Golden Agri-Resources edged down one cent to 58 cents while Rowsley fell half a cent to 39.5 cents.

Agricultural commodity trader Olam was a notable gainer during the session.

The counter rose 6.5 cents at S$1.69, retracing its 3.0 percent drop on Friday after a large block of shares changed hands just after the market close.

SingTel fell one cent to S$2.57.

The company has announced that it is conducting a strategic review of its Optus satellite business.

- CNA/ch

- wong chee tat :)

Increasing use of debt by Reits pose risks to sector: Fitch

Increasing use of debt by Reits pose risks to sector: Fitch
Posted: 18 March 2013 1917 hrs
     
SINGAPORE : The increasing use of debt, or leverage, in Singapore Real Estate Investment Trust (S-Reit) funding mixes could pose risks to the sector, said Fitch Ratings.

According to a report on the S-Reit sector by the ratings agency, these risks include refinancing risk and exposure to interest-rate shocks.

Fitch added that "the competition for assets that results from the use of leverage will put downward pressure on underlying asset yields and further exacerbate this trend".

This increasing use of leverage is fuelled by the availability of low-cost debt and the demand for dividend distributions in a low-yield environment.

Fitch expects the operating risk profile of the S-Reit sector to remain stable over the next few years, citing stringent regulation by the Monetary Authority of Singapore.

MAS requires 75 percent of S-Reit portfolios to be income generating.

The sector's revenues and profitability are also "are underpinned by the strong economic fundamentals of Singapore".

However, Fitch noted that the rapid pace of new supply and planned supply is outstripping the demand for space.

This could raise vacancy levels and, lower asset yields, and increase the risk profile of S-Reits in 2013.

- CNA/ch

- wong chee tat :)

Road cave-in at Woodlands Road restored

Road cave-in at Woodlands Road restored
By Hetty Musfirah | Posted: 17 March 2013 2055 hrs
     
SINGAPORE: The section of Woodlands Road which caved in on Saturday night has been restored.

But only one lane heading towards the city, has been opened to traffic.

Earlier, both lanes were closed to ensure the safety of motorists as restoration works went on late into the night.

The Land Transport Authority said the incident was triggered by a burst water pipe.

It's not the first time such an incident has happened.

In January, a burst water pipe also caused part of the road along Keppel Road, to cave in.

- CNA/ck

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Om Mani Padme Hum

Om Mani Padme Hum!


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MFA disappointed at US "pressure" tactics over investigations into Shane Todd's death

MFA disappointed at US "pressure" tactics over investigations into Shane Todd's death
By Imelda Saad | Posted: 17 March 2013 1937 hrs
     
SINGAPORE: Singapore's Foreign Affairs Ministry has said that the issue of applying "pressure" should not arise between countries which have a "long, open and cooperative relationship with each other, based on mutual respect".

It was responding to the latest move by two US Senators to block American funding to Singapore's Institute of Microelectronics (IME).

US Senators Max Baucus' and Jon Tester have introduced an amendment to block the funding, until the US Attorney General certifies that the Federal Bureau of Investigation (FBI) has full access to all evidence and records relevant to the death of American Shane Todd.

The Foreign Affairs Ministry said it's "deeply disappointed by the Senators' actions and statements".

It said the Senators had requested the FBI to be given "full access" to all the evidence in the investigation conducted by the Singapore Police Force (SPF) over the case, based on "the version of the facts provided by the family alone".

The ministry added the police here have so far refrained from publicising the information gathered because investigations are ongoing.

It reiterated that there will be a public Coroner's Inquiry where all the facts will be laid out to determine the cause of Mr Todd's death.

The ministry said Singapore has made every effort to be open and transparent in both its investigation and the over projects handled by the Institute of Microelectronics.

At a recent meeting between Foreign Affairs and Law Minister K Shanmugam, with Senator Baucus (in Washington DC on 12 March 2013), Mr Shanmugam had said that the Singapore police is prepared to share relevant evidence with the FBI "in accordance with the legal framework of both countries".

"The Minister reiterated this at a press conference after the meeting. The SPF has also publicly committed to take into account any information and evidence that the FBI may independently gather. The SPF will ensure that all information is comprehensively examined and scrutinized during its investigation, and have done so through foreign experts and in this case, the FBI. The SPF will continue to work with the FBI to engage the Todd family to get their co-operation and assistance for the on-going investigation," said the MFA spokesperson.

Mr Shanmugam also pointed out that IME was subject to rigorous internal audits.

The Institute of Microelectronics is also prepared to have a team from the US to conduct a process audit here.

The ministry said it will let the outcome of the investigation and Coroner's Inquiry speak for themselves.

31-year-old Shane Todd was found hanged in his Singapore apartment in what appeared to be suicide, last June.

His parents, however, believe he was murdered.

- CNA/ck

- wong chee tat :)

S'pore invites US to probe into Shane Todd case

S'pore invites US to probe into Shane Todd case
By Simon Marks | Posted: 13 March 2013 1023 hrs
     
SINGAPORE: Singapore's Foreign Minister K Shanmugam said authorities are "committed to getting to the bottom" of the death of an American researcher in Singapore last year.

Thirty-one-year-old Shane Todd was found hanged in his Singapore apartment last June in an apparent suicide.

However, his parents believe he was murdered.

Speaking in Washington, Mr Shanmugam said Singapore has invited the United States to audit the relationship between Todd's employer, the Institute of Microelectronics, and the Chinese telecoms giant Huawei.

Mr Shanmugam arrived on Capitol Hill within hours of touching down in the US and his first stop was a meeting with Senator Max Baucus of Montana.

Shane Todd's parents are among his constituents.

Mr Shanmugam told reporters the authorities in Singapore will get to the bottom of the young American's death.

"A death happens in Singapore, we must get to the bottom of it. And we are the kind of country where this is done in public with a public inquiry," said Mr Shanmugam.

Todd's parents suspect their son was killed in connection with his work for Singapore's Institute of Microelectronics.

They have told media organizations he was not suicidal, but was worried by a project the Institute discussed with the Chinese telecoms giant Huawei.

For that reason, Mr Shanmugam invited US officials to take a detailed look at the relationship between the two organisations.

"The institute involved, the research institute, is subject to very rigorous audit and we are very happy for a team of a US team to come down and look at the projects and it will be very clear that there was no transfer of technology."

Dr Todd's parents are demanding more. They and Senator Baucus want the FBI to be granted oversight of the Singaporean police investigation.

"We need an independent third party verification of whatever the Singaporean police are saying, whatever the report might be, and I think the US FBI can be that objective third party," said Senator Baucus.

The Singaporean authorities said the police will share evidence in the Shane Todd case with the FBI.

However, in a telephone interview, Dr Todd's father told Channel NewsAsia that isn't enough to persuade him to share a hard drive he found in his son's apartment with the Singaporean authorities.

"We need to hear that they are willing to share all of Shane's items which are both of his computers, his journal and his cellphone. There are a lot of things we have questions about. We have to have an agency that has oversight on the part of the Singapore police," said Rick Todd.

Mr Shanmugam said the family will be entitled to participate in the public inquiry into Shane Todd's death.

- CNA/fa/ac

- wong chee tat :)

Police to cooperate with FBI in Shane Todd investigation

Police to cooperate with FBI in Shane Todd investigation
Posted: 12 March 2013 2018 hrs
     
SINGAPORE: The Singapore Police Force (SPF) and the Federal Bureau of Investigation (FBI) will cooperate in the investigation into Shane Todd's death.

The agencies have a longstanding working relationship and have engaged in several discussions on this matter.

The SPF will take into account any information and evidence the FBI may gather independently.

SPF has asked FBI for specific assistance in respect of the case and will share with FBI evidence obtained so far in accordance with the legal framework of both countries.

Both agencies will ensure that the investigation is thorough and all available evidence relevant to the cause of, and circumstances connected with the death of Shane Todd is made available at the coroner's inquiry before the State Coroner.

The Todd family may pose relevant questions, through a counsel or by themselves, to the witnesses about the investigation findings, and the forensic and medical reports at the coroner's inquiry.

The State Coroner will review the evidence presented and determine independently the cause of and circumstances connected with Shane Todd's death.

The SPF will ensure that all information is comprehensively examined and scrutinised during the course of the investigation and continue to work with the FBI to engage the Todd family to get their co-operation and assistance with the ongoing investigation.

-CNA/ac

- wong chee tat :)

Police deny allegations US engineer's death not properly investigated

Police deny allegations US engineer's death not properly investigated
By Kimberly Spykerman | Posted: 17 February 2013 1117 hrs
     
SINGAPORE: The Singapore Police Force (SPF) said its procedures for investigating cases, in particular those involving deaths, are of high international standards.

It was responding to queries from Channel NewsAsia about the death of American electronics engineer Shane Todd.

According to a Financial Times report published on February 15, Mr Todd allegedly hanged himself in the toilet of his apartment in Chinatown last year.

His death came shortly before he was to return to the US after an 18-month stint with the Institute of Microelectronics, a research facility.

The report also raised questions about the circumstances surrounding Mr Todd's death and the way police investigations were carried out.

In addition, the report contained interviews with Mr Todd's parents who said they believe he was murdered over his work in Singapore.

They also alleged that Mr Todd's death was not properly investigated.

The police denied this.

A SPF statement late Saturday night said that all unnatural death cases are investigated thoroughly and that police work closely with the pathologist and other relevant experts.

A spokesman noted that no prior assumptions are made on the cause of death.

He added that the police have handled this case in the same way as other cases that they have looked into.

The spokesman also noted that all crime scene locations which could contain evidence are protected from any interference with what is known as "trace evidence".

The sites are secured by police for the duration required for scene examination and evidence collection.

The conditions and items found at the crime scene are carefully recorded in great detail, as well as conserved and removed for subsequent laboratory analysis.

A coroner's inquiry into Mr Todd's death is expected to take place. Police say his family will be able to question witnesses and relevant reports that are submitted.

Police urge anyone with evidence that could assist in the investigation to share the information with them.

They have also engaged and assisted Mr Todd's family since his death, and will continue to do so.

They have also kept the American Embassy and FBI informed.

- CNA/ir

- wong chee tat :)

National Breakfast Day



Yummy!

- wong chee tat :)