Cheng San Activity (June to July 2010)

Sentosa: Islander Membership

http://www.sentosa.com.sg/en/islander/individual-family/

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Singapore's GDP soars 32% in Q1

Singapore's GDP soars 32% in Q1
11:55 AM Apr 14, 2010
SINGAPORE (AP) Singapore's economy grew at its fastest rate in at least 35 years in the first three months of 2010, bouncing back from a contraction the previous quarter as manufacturing activity more than doubled.

Gross domestic product grew at an annualized, seasonally adjusted 32.1 percent in the first quarter, the biggest leap since quarterly results began in 1975, the Trade and Industry Ministry said Wednesday.

The economy grew 13.1 percent in the first quarter from the same period a year ago, and the government boosted its 2010 GDP forecast to between 7 percent and 9 percent from between 4.5 percent and 6.5 percent, the ministry said.

"This is supernormal growth," Singaporean bank DBS said in a report.

Singapore's strong GDP numbers suggest demand from the U.S. is recovering and Asia has emerged from last year's recession as a leading driver of global growth. Singapore's economy relies on trade, finance and tourism.

The Southeast Asian island nation of 5 million people was the first Asian economy to report first quarter GDP results, while China is scheduled to do so Thursday. In the final quarter of 2009, Singapore's economy contracted by an annualized 2.8 percent.

Singapore's benchmark stock market index rose 1.6 percent Wednesday.

Industrial production jumped 139 percent from the previous quarter, led by electronics and biomedical industries while the service sector grew 11 percent, the ministry said.

The preliminary first quarter GDP results were based mostly on data from January and February and may be revised when the government announces complete results next month, the ministry said.

The central bank, known as the Monetary Authority of Singapore, said Wednesday after a twice-a-year policy review that it has shifted its exchange rate target from a zero percent appreciation of the Singapore dollar to a "modest and gradual" appreciation in a bid to dampen inflation.

"The move is fully justified not only by the enormous strength of Q1 GDP but the likely sustainability of the recovery," said Robert Prior-Wandesforde, senior Asia analyst for HSBC. "The Asian recovery has become self-sustaining."

The government also raised its inflation forecast for this year by 0.5 percentage point to between 2.5 percent and 3.5 percent.

"Inflationary pressures are likely to pick up, driven by rising global commodity prices," the central bank said.

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Source:
http://www.todayonline.com/Singapore/EDC100414-0000170/Singapores-GDP-soars-32-in-Q1

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Parokya ni Edgar Live in Singapore

Real life happening in Singapore

Real Happenings

This probably takes you 2mins to glance thru. But it can be quite
beneficial to know what is becoming of our society..
Happening 1

It also happened to my colleague who is staying in Clementi, no other block facing his block, quite quiet, only his wife was at home but all windows closed & padlock on the gate. Something happened, a guy used keys & was trying to open the door, my colleague's wife heard the noise & opened the do or, the guy saw her & just said something like 'Oh sorry, wrong house', he was holding this big bunch of keys, obviously he was up to no good, but it didn't occur to them to report it to the police. This is to warn and alert those staying in HDB.

Happening 2
It happened at my place (Clementi) last Sunday morning. My sister
heard some noise at our main door( it started since 5am plus). Seems like someone is trying to open our main door and main entrance.

Initially, she thought that it was someone from our family but when she look through the door, it was someone else..... a dark man wearing checks shirt - nationality unknown as he's very tan. When my father opened the door and confronted him , he gave an excuse that he's looking for someone and made a mistake. He apologized and walk away.

Happening 3
That's not all... this morning, my sister told me that her boyfriend's
flat in Ang Mo Kio also encountered the same case as above. A man
trying to open their door early in the morning and ran away when the owner opens the door.

Precautions
Be WARNED... make sure your doors are always securely locked.

Call the police immediately.

DON't Open the door to confront them..(we made a mistake here ), the person might be armed..

Be alert at all times especially during the bad times now.

I wonder if anybody have such experience.. It seems like it is
happening here and there.. 3 cases that i've known so far.
Real story from someone in Singapore . Not to scare you but just for precaution... A chilling yet important tip.


Another separate happened scenario
WOMEN SHOULDN'T LET HOUSE KEYS STRAY FROM THEIR SIDE I would like to warn women, especially young women,about the danger of giving their car keys with their house keys attached to anyone.

A good friend's daughter went to a well-known tire company to have a flat tire repaired while she waited. Without thinking, she handed
her key ring with all her keys on it to the serviceman and waited. What she didn't know is that most of these places also have machines that make copies of keys. One of the servicemen copied her apartment key, and two days later, entered her apartment late at night and raped her.

This was a business she frequented, and they had all the information
in their comput er about where she lived, her phone number, etc.

The man was caught months later and the police found out that he had done this before. He is now in jail, and my friend's daughter is trying to go on with her life.

I called my daughter right away and told her this story so she could learn from it, too.

Please, warn your readers to have their personal keys on another key ring or have a key ring that separates the car keys from one's personal keys. Perhaps this will save another woman from tragedy. You may never know how many tragedies you have ! prevented today.

So gentlemen, though your chances of getting rape is slim, you may get robbed. Nevertheless do your wife or lady friends a favour, caution them.

If your bag was stolen at Orchard Road ...

THE duo nabbed targeted handbags, laptops and
other items left unattended by unwary shoppers
at malls and eateries in the Orchard Road area
and VivoCity.

On Wednesday, police nabbed the Filipino couple.
A 28-year-old woman and a 32-year-old man for a
series of thefts. The total haul recovered by
the police: Jewellery, laptops, handphones,
perfumes and handbags valued at about $20,000.


Officers on the case, from the Orchard Neighbourhood
Police Centre, had analysed crime patterns and
conducted stakeouts where they thought the culprits
would strike. Their efforts paid off when they
saw a couple behaving suspiciously at a hotel
along Orchard Road.

The duo was caught red-handed as they pinched
a handbag left unattended on a chair at a coffee
outlet. They will be charged in court today with
theft, which carries a jail term of up to three
years and a fine.

Commander of Tanglin Police Division Paul Lim
reminded shoppers not to leave their valuables
unattended as this would make them easy targets
for thieves.

Future Singapore MRT

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