PRESS DIGEST - Singapore newspapers - July 10
SINGAPORE, July 10 (Reuters) - The following are stories from Singapore newspapers on Thursday. Reuters has not verified these stories.
THE STRAITS TIMES - Singapore must guard against a second round of inflation, which could happen if wages are raised to keep pace with price increases, Finance Minister Tharman Shanmugaratnam said.
- The alleged middleman named in the recent controversy involving Singapore's first illegal transplant cases has been arrested by the police.
- Singapore is revamping its pro-creation policies and could be going the Swedish way, giving free childcare and paternity leave in a bid to get couples to have more babies.
- Over half of 500 people surveyed say they had been sexually harassed at the workplace in Singapore.
- ComfortDelGro (CMDG.SI) operator of the world's second-largest bus and taxi fleet, has signed an initial agreement to buy Australian bus builder Custom Coaches to expand its overseas business.
- The surging rents in prime areas look to be easing, with some condos already registering falls of up to 12 per cent.
- A new trading platform that will allow investors in Singapore to buy and sell carbon credits for the first time was launched.
BUSINESS TIMES
- Backdoor listing is the flavour of the season as companies are taking the reverse takeover route to the stock exchange instead of initial public offerings.
- Oil prices can be brought down from current record high levels if world governments act decisively to reduce future consumption, said Minister Mentor Lee Kuan Yew.
- Asian central banks need to tighten monetary policy further to cope with inflation, a senior Government of Singapore Investment Corp official said.
- Upping its ante against financial fraudsters, DBS (DBSM.SI) is deploying a high-tech financial crime surveillance system.
