Singapore

One injured, one dead after stabbing at Singapore university

One injured, one dead after stabbing at Singapore university Singapore - A final year student of Singapore's Nanyang Technological University (NTU) stabbed a lecturer Monday morning and then jumped off a building to his death, NTU said in a statement.

The professor is in stable condition. He was rushed to a nearby hospital where he received medical treatment for cuts sustained in the attack.

The student of NTU's electrical and electronic engineering school was pronounced dead after his body had been found at the foot of the seven-storey university building.

Singapore's iconic merlion statue damaged by lightning bolt

Singapore's iconic merlion statue damaged by lightning bolt Singapore  - Singapore's iconic merlion statue, one of the island state's popular tourist attractions, was hit by a lightning bolt during a thunderstorm and slightly damaged, media reports said Sunday.

The statue, which has the body of a fish and a head of a lion, lost some parts at the top when lightning struck on Saturday, radio station 938Live reported. Nobody was hurt.

Singapore prime minister sees need for global rebalancing

Singapore prime minister sees need for global rebalancing Singapore  - Singapore Prime Minister Lee Hsien Loong said in an TV interview late Friday that there is a need for a rebalancing in the world economy, which could mean a shift away from Asia's current export-driven model.

"There will have to be a global rebalancing because we cannot expect the Americans to be consumers of things made all over the world. And the rest of the world as savers lending money to the US to buy things from you," Lee said in an interview with CNBC television.

Visitor arrivals in Singapore tumble nearly 13 per cent

Singapore Tourism Board LogoSingapore - The global economic downturn is putting the brakes on Singapore's tourism industry as visitor arrivals fell 12.9 per cent year-on-year in January to
771,000, the Singapore Tourism Board said Friday.

The average occupancy rate in Singapore's hotels was estimated at 67 per cent last month, a fall of 17.7 percentage points from January 2008.

Room revenue came to 124 million Singapore dollars (80 million US dollars), down 29.9 per cent from January last year.

Visitor arrivals in Singapore tumble nearly 13 per cent

SingaporeSingapore - The global economic downturn is putting the brakes on Singapore's tourism industry as visitor arrivals fell 12.9 per cent year-on-year in January to
771,000, the Singapore Tourism Board said Friday.

The average occupancy rate in Singapore's hotels was estimated at 67 per cent last month, a fall of 17.7 percentage points from January 2008.

Room revenue came to 124 million Singapore dollars (80 million US dollars), down 29.9 per cent from January last year.

United Overseas Bank posts slump in fourth-quarter profit

Singapore - United Overseas Bank, one of Singapore's biggest lenders, on Friday posted a 34-per-cent slump in net profit for the fourth quarter.

Net profit from October to December reached 332 million Singapore dollars (215 million US dollars), down from 506 million Singapore dollars from the same period of
2007, the bank said in a statement.

United Overseas Bank attributed the result to higher writedowns for bad debt and lower income from activities in the capital market.

"As an Asian bank, we are not spared the impact of the global financial turmoil," deputy chairman and chief executive officer Wee Ee Chong said.

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