Sunday, December 15, 2013

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Om Mani Padme Hum

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12 Days of Christmas



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Sec 1 posting results to be released on December 20

Sec 1 posting results to be released on December 20

    POSTED: 13 Dec 2013 11:53

This year's Secondary 1 posting results will be released on December 20, 2013 at 9am.

SINGAPORE: This year's Secondary 1 posting results will be released on December 20, 2013 at 9am.

In a statement released on Friday morning, the Education Ministry said students are to report to their assigned secondary schools on December 23 at 8.30am.

Parents and students can check the school posting results by going to the student's primary school or through the ministry's S1 Internet System.

They can also find out the results through SMS text messaging if they have provided a local mobile phone number during the submission of the student's school choices.

Parents with enquiries can call the ministry's customer service centre at 6872 2220 during office hours.

- CNA/fa

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HDB subletting approvals tripled in last 6 years: analysts

HDB subletting approvals tripled in last 6 years: analysts

    By Khoo Fang Xuan
    POSTED: 07 Dec 2013 22:02

Analysts said HDB's approvals of subletting of whole flats have tripled in the last six years, resulting in a concentration of foreigners in a block or neighbourhood. The National Development Ministry is looking at imposing a cap on the percentage of foreigners in HDB flats.

SINGAPORE: Analysts said HDB's approvals of subletting of whole flats have tripled in the last six years, resulting in a concentration of foreigners in a block or neighbourhood.

The National Development Ministry is looking at imposing a cap on the percentage of foreigners in HDB flats. This was the result of feedback from residents.

Khoo Swee Yong, CEO of Century 21, said: "Within the last six years, we actually had 30,000 additional flats across the island that were given permission for whole-flat subletting.

"45,000 flats as a total proportion of the HDB stocks in Singapore of over 900,000 is just about five per cent. How that five per cent of HDB flats that are allowed to be sublet could congregate into certain blocks of HDB flats that may have up to, as minister (Khaw Boon Wan) said, 18 per cent foreigners living in those blocks."

National Development Minister Khaw Boon Wan had written about the cap in a blog post on Friday.

Analysts said the restriction will affect companies that hire expats, as HDB flats are a more affordable housing option for foreigners as compared to private housing.

Lee Bee Wah, GPC chair for national development and environment, said: “We need to have this cap perhaps while MND is working out the details. The cap can be based on block level and then neighbourhood level. This is to spread out the foreigners from congregating and forming that enclave."

- CNA/xq

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SingTel to boost mobile data speed in crowded locations

SingTel to boost mobile data speed in crowded locations
    POSTED: 10 Dec 2013 14:10

SingTel said faster mobile internet connection in crowded places is on the cards for its customers. To make that happen, it is rolling out small cell technology at some 20 sites -- including concert venues, malls, commercial and residential buildings.

SINGAPORE: SingTel said faster mobile internet connection in crowded places is on the cards for its customers. To make that happen, it is rolling out small cell technology at some 20 sites -- including concert venues, malls, commercial and residential buildings.

The telco said it is carrying out this work progressively and intends to complete it in three to four months.

Working hand-in-hand with small cell technology is a mobile network management solution called self-organising networks.

This software technology, which is already in place, allows slack network capacity in one area to be dynamically reallocated to ease demand elsewhere.

The telco said with both enhancements, mobile internet access for its subscribers should be up to 20 per cent faster at the 20 selected sites.

The chances of its customers getting a dropped call at these crowded locations should also reduce by as much as 40 per cent, it added.

- CNA/ac

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Economists expect S'pore GDP to grow 4.7% in Q4

Economists expect S'pore GDP to grow 4.7% in Q4

    By Nicole Tan
    POSTED: 11 Dec 2013 12:47
    UPDATED: 11 Dec 2013 23:49

Private sector economists are now more optimistic about Singapore's economic performance this year. According to the MAS's latest Survey of Professional Forecasters, they expect Singapore's GDP to grow by 4.7 per cent in Q4.

SINGAPORE: Private sector economists are now more optimistic about Singapore's economic performance this year.

According to the Monetary Authority of Singapore's (MAS) latest Survey of Professional Forecasters released on Wednesday, they expect Singapore's GDP to grow by 4.7 per cent in Q4, up from 3.4 per cent in the September survey.

Economists have also revised their growth forecast for 2013 to 3.8 per cent, up from 2.9 per cent previously.

Private sector economists said the Singapore economy should do better this year, supported by stronger performance in the manufacturing and construction sectors, as well as wholesale and retail trade.

They have also upgraded their growth forecast on the back of better-than-expected growth in the third quarter.

The Singapore economy expanded by 5.8 per cent in Q3 2013 compared with the same period last year, higher than the expected 4.0 per cent.

The growth expectations are in line with the government's 2013 full year growth forecast of 3.5 to 4.0 per cent.

Going into 2014, economists have also raised the GDP forecast to 3.9 per cent from 3.5 per cent in the last survey.

However, amid the optimism, some economists warn there are potential risks ahead.

Irvin Seah, senior economist and senior vice-president for economic and currency research, said: "China's growth momentum has picked up, and I think that will be a significant impetus on Singapore's economic performance in 2014.

“It will be an important catalyst for the manufacturing sector, for the services sector, some of the trade-dependent sectors.

“That being said, there are also risks particularly in the form of QE tapering, which will be a concern for the financial markets especially for investors."

Meanwhile, inflation for 2013 could ease slightly with more stable housing costs.

Economists expect headline inflation to fall to 2.4 per cent this year.

And MAS core inflation, which excludes housing and private transportation costs, is projected to come in at 1.7 per cent.

But rising business costs could exert some inflationary pressure going forward.

Joey Chew, regional economist at Barclays, said: "Growth is picking up so we should see a stronger labour market interact with stronger demand for labour, pushing up wages, and therefore prices.

“We should also expect pent-up cost increases, like public transport costs to also filter through now that the economy is doing better.

“Why we should expect inflation to rise is also because some of the commodity prices globally has bottomed out. For example, we've seen electricity tariffs in Q4 being revised up, and we should also see oil prices moving a little higher in 2014."

Economists said core inflation for 2014 could rise to 2.3 per cent, up from their earlier forecast of 2.1 per cent.

But headline inflation could dip slightly to 2.8 per cent next year, compared to 2.9 per cent in the previous survey led by potential decline in housing costs and COE premiums.

- CNA/xq/nd

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The Hobbit: The Desolation of Smaug - Official Main




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Om Mani Padme Hum

Om Mani Padme Hum

- wong chee tat :)