The city state of Singapore has had a banner year. GDP was up 7.9% for 2006, the main stock index is up 19% year to date, and its 40 wealthiest citizens are worth a collective $32 billion, $4 billion more than last year. Fortunes centered on real estate, shipping and palm oil did particularly well.
The Government is remaining vigilant in its objective to rid the nation of the lethal mosquito with door to door inspections, ongoing awareness programs and continuous fogging efforts.
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Shares of DBS Group, the largest lender in Southeast Asia, remained under pressure Wednesday on investors' concerns over its exposure to the troubled US subprime mortgage market, dealers said. At the close, DBS was off 1.5 percent or 30 cents at 19.50 Singapore dollars (12.77 US) while the main Straits Times Index was 0.25 percent lower, or 8.34 points, at 3,334.66.
World oil prices traded flat in Asia on Thursday as the market weighed surprisingly steep declines in US energy stockpiles and the potential of weaker global demand amid financial turbulence. At 10:00 am (0200 GMT) New York's main futures contract, light sweet crude for delivery in October, was four cents higher at 73.55 dollars a barrel after soaring
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