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PRESS DIGEST - Singapore newspapers - August 19

Mon Aug 18, 2008 8:52pm EDT

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SINGAPORE, Aug 19 (Reuters) - The following are stories from Singapore newspapers on Tuesday. Reuters has not verified these stories.

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THE STRAITS TIMES

- Prime Minister Lee Hsien Loong announced a raft of measures that will cost the government S$700 million ($496 million) a year, bringing the total amount to S$1.6 billion it spends on promoting marriage and parenthood. - Exports of goods made here are suffering their worst slump since the 2001 dot.com crash with the third straight month of decline.

BUSINESS TIMES

- TRI-M Technologies (S) Ltd TRIM.SI, an electronics contract manufacturer on the Singapore Exchange watch-list since March following three straight years of pre-tax losses, yesterday said it is entering into a China crude-oil venture through a S$203 million ($144 million) acquisition.

- Samsung Electronics (005930.KS), one of the top sponsors of the Beijing Olympics, is in talks with Singapore's sports authorities to find ways of promoting the first-ever Youth Olympic Games to be held in the Lion City in 2010. ((Singapore Newsroom +65 6403 5677, singapore.newsroom@reuters.com)) ($1=1.412 Singapore Dollar)

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