Don’t over-stretch yourselves: MM Lee

Financial prudence in periods of boom will enable S’poreans to ride out bad times MINISTER Mentor Lee Kuan Yew last night urged Singaporeans not to over-stretch themselves financially in a period of boom, so that in the event of bad times, they would be better able to ride out the cycle. Describing the effect of […]

MEDIA & MARKETING: Newspapers still among top media platforms

Despite hype over Internet, traditional forms of advertising still have edge: Poll DESPITE the buzz and hype surrounding advertising on social networking and other Internet sites, newspapers still trounced other media as the most effective marketing platform last year. This is because newspapers and other traditional forms of media still have a far wider reach, […]

Little-known trader made billions from sub-prime bust

THE big losers in the United States sub-prime crisis are well-known – Citigroup, Merrill Lynch and UBS. But probably the biggest winner is Mr John Paulson, a little-known hedge fund manager who made an estimated US$3 billion to US$4 billion (S$4.3 billion to S$5.7 billion) for himself from the crisis – believed to be the […]

It’s confirmed; S’pore to host first F1 night race

PARIS – SINGAPORE will host its first Formula One race next season – and it will be the sport’s first at night. The World Motor Sport Council released the 2008 F1 schedule on Wednesday, and Singapore was listed as the 15th event on the 18-race calendar. It will be held on a street circuit in […]