April 29, 2008 / 12:09 AM / 11 years ago

PRESS DIGEST - Singapore newspapers - April 29

SINGAPORE, April 29 (Reuters) - The following are stories from Singapore newspapers on Tuesday. Reuters has not verified these stories.

THE STRAITS TIMES

- Government-linked supermarket chain NTUC FairPrice, is extending a 5 percent discount on 500 essential items sold under its house brand in the light of rising food prices.

Labour movement the National Trades Union Congress has received more than 23,000 applications so far for discount vouchers that are given to less well-off members.

- U.S. investment bank Lehman Brothers LEH.N and Japan’s Kajima (1812.T) have sold an office building in Singapore’s central business district to Germany’s Commerz Real’s real estate fund hausInvest global for S$744 million ($546.7 million).

- More than a dozen state agencies are expected to take part in a simulated high-seas evacuation next month that could affect the shipping lanes around Singapore and its seaports, officials said.

- Myanmar nationals living in Singapore have until Friday to vote on a new constitution drawn up by the former Burma’s military regime.

THE BUSINESS TIMES

- Mikhail Bolotin, one of Russia’s richest men, wants to list Dunham-Bush, a maker of commercial and industrial air-conditioning and refrigeration equipment, in Singapore to raise $1 billion. The firm was formerly listed in Malaysia.

- Sources say Germany’s Commerz Real’s real estate fund hausInvest global paid a record S$3,125 per square foot of net lettable area for its office building in the central business district. The sum paid was 7.7 percent higher than the S$2,900 per square foot of net lettable area paid for Hitachi Tower in January.

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