PRESS DIGEST - Singapore newspapers - Mar 11

Mon Mar 10, 2008 11:51pm GMT
 
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SINGAPORE, March 11 (Reuters) - The following are stories from Singapore newspapers on Tuesday. Reuters has not verified these stories.

THE STRAITS TIMES

- Singapore police has arrested 40 foreign nationals for immigration offences since it launched a manhunt to arrest alleged Islamic militant Mas Selamat Kastari who escaped from a detention centre on Feb 27. - Malaysian Prime Minister Abdullah Badawi on Monday marshalled the full support of his party and coalition partners as he was sworn into office for a second term.

- The Land Transport Authority (LTA) has fined rail operator SMRT (SMRT.SI: Quote, Profile, Research) S$387,176 over a disruption lasting seven hours to train service along the East-West line in January.

- An Indonesian maid had two of her front teeth ripped out allegedly by an 18-year-old girl who was staying with the maid's employer in a Singapore flat.

THE BUSINESS TIMES

- Kuwaiti investors are in talks with Jurong Aromatics Corporation to take a 10 per cent stake, valued at $200 million in the Singapore group's planned $2 billion petrochemicals facility on Jurong Island. The project also includes Singapore's first new niche refinery, in the form of a condensate splitter.

- Reflecting 2007's more subdued financial results - which were caused by sub-prime-related writedowns - DBS Group Holdings' (DBSM.SI: Quote, Profile, Research) top executives took home lower pay last year.

Jackson Tai, who stepped down as chief executive officer at the end of 2007, and Frank Wong, chief operating officer, earned between S$7 million and S$7.25 million each last year, below S$7.5 million and S$7.75 million each in 2006.

 
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