PRESS DIGEST - Singapore newspapers - July 16

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SINGAPORE, July 16 | Thu Jul 16, 2009 1:38am BST

SINGAPORE, July 16 (Reuters) - The following are stories from Singapore newspapers on Thursday. Reuters has not verified these stories.

STRAITS TIMES

- Developers sold 1,825 home units in June, a little more than the property market's peak in Aug 2007, government data showed.

- The economy is stabilising and there is no need to introduce further stimulus measures, Trade Minister Lim Hng Kiang said.

BUSINESS TIMES

- Fund managers are piling into Asian and other emerging markets, but are cautious about developed markets, the latest Merrill Lynch survey of 221 fund managers showed.

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