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Drive to fast-track motor accident claims

Saturday, May 17th, 2008

Business Times - 10 May 2008
 

By MICHELLE QUAH

SINGAPORE’S Subordinate Courts are looking into fast-tracking the handling of motor accident claims, by concurrently managing civil personal injury claims arising from traffic accidents where there are related criminal proceedings.

The Sub Courts found, from a 2007 study, that almost one-fifth of personal injury motor accident civil claims filed with the Sub Courts have a prior related criminal proceeding. Such duplicity results in extra time, effort and cost for all parties involved.

It will thus spearhead a dialogue session with key stakeholders - such as the Attorney-General’s Chambers, the Traffic Police, the Law Society and the Motor Insurers Bureau - to determine how to streamline current practices. There will also be a joint working group to establish the conventional quantum of damages for more common types of personal injuries.

These are but some of the several changes the Sub Courts will be embarking on this year, as it aims to enhance the public value of justice. It also intends to make changes to the family justice and juvenile justice divisions, and have a greater emphasis on continuing judicial training.

These were announced yesterday by Chief Justice Chan Sek Keong, in his keynote address at the Subordinate Courts Workplan 2008/2009 Seminar. He had noted that the public’s perception of Singapore’s judicial system has improved - according to an independent survey commissioned by the Sub Courts.

The survey, conducted in 2007, showed that 97 per cent of survey respondents have trust and confidence in the fair administration of justice here, up from the 95 per cent who thought so in the survey conducted the year before.

But CJ Chan believes the Sub Courts can set the bar higher and build on the improved results from the public perception survey. ‘There is more we can do and must do to ensure and sustain fair and just outcomes for every case that comes before us,’ he said.

The Sub Courts will introduce the CHILD (CHildren, best Interests, Less-aDversarial) programme this quarter. The programme will focus on the best interests of the child and parental duties and responsibilities, rather than the rights and interests of the parents. Some of the key features include having a dedicated judge, deputy registrar and family counsellor assigned to the case, and having the same team deal with parties from beginning to end.

A specialised Children Care Court will also be established to hear certain cases of criminal offences committed by youthful offenders.

The Sub Courts will also intensify its current training programme for judicial officers - and has already been sending a number for overseas attachments with leading courts in developed countries, since the beginning of this year.

Free Public Forum - 24th May 2008

Monday, May 12th, 2008

“Understanding the implications of inflation on your investments and the labour market”

For more information on this Free Seminar, do refer to the attachments!

forum-one-page-details.doc

Benefits for All Singaporeans in 2008

Friday, May 2nd, 2008

I received this together with one of the magazines and thought it would be good to share with all Singaporeans on whats in store for you, thanks to the Government’s Giving! :)

sg-2008.PDF

Going to China? You’ll need visa from July

Monday, April 28th, 2008
April 22, 2008
MFA confirms new ruling for short stays; it is expected to be lifted after Olympics in August
By Lee Hui Chieh
IT IS confirmed: Singaporeans travelling to China from July 1 will need a visa - even for stays lasting 15 days or less.This requirement is expected to be lifted after the Olympic Games, which Beijing is hosting from Aug 8 to 24.

A spokesman for the Ministry of Foreign Affairs (MFA) here said that it was told of the visa requirement by the Chinese authorities yesterday.

She said: ‘We have been given the assurance that the visa requirement is a temporary measure. The visa-free travel facility for trips of 15 days or less will be reinstated after the Beijing Olympics.’

However, Beijing did not specify exactly when this would happen, she added.

The MFA’s statement yesterday made official the latest change to China’s visa rules, first reported in The Straits Times last Saturday.

It follows a series of recent changes which have reportedly caused confusion and delays. For example, travellers going to China through Hong Kong were left stranded when the Chinese Foreign Ministry in Hong Kong stopped granting them visas.

The tightened rules are said to be in line with growing security concerns over the Olympics and the unrest in Tibet.

Since 2003, citizens from Singapore, Brunei and Japan have been exempted from applying for visas for short stays of up to 15 days in China.

The new rule, however, appears to apply only to Singapore, going by a page on the website of China’s embassy in the United States, which was updated a week ago.

Neither MFA nor the Chinese embassy here could confirm this.

The 2003 move was aimed at boosting tourism and business travel to China - and it seems to have done just that.

The number of Singaporeans going there has been increasing: In the first 11 months of last year, Singaporeans made over 812,000 visits to China, more than 11 per cent higher than for the same period in 2006.

Travel agents last night said they did not foresee tourists cancelling their trips to the mainland largely because the agents will handle visa applications for their customers.

Travellers who would experience the hassle of applying personally for their visas are the minority who buy their tickets online or from the airlines, said Ms Alicia Seah, vice-president of UOB Travel Planners.

Getting a China visa usually takes four working days to a week.

It is not clear yet whether the new rule will result in delays in getting visas here, but travel agents seem confident they will be able to cope.

Ms Ivy Tan, Chan Brothers Travel’s director of marketing communications, said her company has an entire department handling visa applications.

huichieh@sph.com.sg

Singapore Flyer officially opens

Thursday, April 17th, 2008

Business Times - 16 Apr 2008
 

PM Lee describes ride as ‘enjoyable and spectacular’

By LEE U-WEN

FIREWORKS and lasers lit up the Marina Bay skyline last night as the world’s largest observation wheel was officially opened.

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Gracing the festivities at the Singapore Flyer was Prime Minister Lee Hsien Loong, who made his first trip on board the $240 million attraction.

Speaking to reporters after a half-hour ride on board one of the 28 capsules, Mr Lee described the experience as ‘enjoyable and spectacular’.

‘We have a beautiful city and this is a remarkable view of it,’ he said. ‘The Singapore skyline is constantly growing and changing. The Flyer is an addition to that skyline, as well as to view the city around us.

‘I’m very happy with the project. It’s on time and it has achieved what we hoped for. We are optimistic it will do very well (with regard to) passengers and become one of the busiest flyers in the world.’

Also at the opening yesterday were 350 guests, including families and the elderly from various grassroots and social welfare organisations.

The Singapore Flyer board and management also presented a $28,000 cheque to The Straits Times School Pocket Money Fund, which was received by Straits Times editor Han Fook Kwang.

The 165 m tall Singapore Flyer took over five years to conceptualise, plan and build.

It was opened to the public on March 1, after a soft launch on Feb 11 for corporate customers. The attraction is expected to draw about 2.5 million people in its first year.

It is seen as a key part of Singapore’s plan to grow tourism and attract 17 million visitors by 2015.

New drug to kick smoking approved

Wednesday, April 16th, 2008

Business Times - 12 Apr 2008
 

By LIM WEN JUIN

SMOKERS here are finally getting a new aid to help them kick the habit, with the Singapore launch of Pfizer’s Champix. This is the first approved anti-smoking drug here in almost 10 years.

The other two existing anti-smoking treatments are nicotine replacement therapy (NRT) and the drug bupropion, which were approved by the Health Sciences Authority in 1991 and 1999 respectively.

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Champix, a prescription drug, is a new class of treatment because it disrupts the mechanism by which nicotine brings about pleasure.

Nicotine, the substance in cigarette smoke that causes addiction, binds to alpha-4/beta-2 receptors in the brain, which triggers the pleasure-inducing release of the neurotransmitter dopamine.

Champix’s active ingredient, varenicline, binds to nicotine’s alpha-4/beta-2 receptors, reducing the withdrawal symptoms and nicotine craving brought about by cessation of smoking. Cessation of smoking leads to physical and psychological withdrawal symptoms - including headaches, tiredness, insomnia, irritability and depression - which result in a craving for nicotine.

At the same time, varenicline prevents nicotine from binding to the receptors - this means that a Champix user who smokes will experience little pleasure from the cigarette, helping to reduce dependency on smoking.

The Champix treatment is designed to last 12 weeks in order to help users overcome the worst withdrawal symptoms. Thereafter, the severity of the symptoms drops to a steady, more manageable plateau.

Ong Kian Chung, consultant respiratory physician at Mount Elizabeth Medical Centre, explains that withdrawal symptoms are most pronounced in the first three or four months after cessation of smoking.

Clinical trials involving more than 2,000 smokers over a 12-week period of therapy concluded that patients on Champix were two times more likely to quit smoking than bupropion users, and four times more likely to quit compared to those without pharmological assistance.

A 12-week course of Champix costs $660, which works out to about $8 a day. The chief side effect, reported by 33 per cent of users, is nausea, but discontinuation rates are lower than 3 per cent.

Dr Ong cautions, however, that there is still a danger of relapsing long after the most trying initial period has passed. In its end-2007 survey in Singapore of 200 respondents, independent agency Saffron Hill found that among unsuccessful quit attempts, smokers stopped smoking for an average of seven months before succumbing again.

A separate study was conducted on 1,210 smokers who quit after 12 weeks on Champix. For a further 40 weeks, one group was given Champix, while the other was given a placebo. Forty-four per cent of the former group abstained from smoking throughout this period, compared to 37 per cent of the latter.

Ultimately, Dr Ong advises that while Champix shows promise, smokers seeking to quit should also seek professional help. The Saffron Hill survey found that while 24 per cent of smokers approached friends or relatives for help to quit smoking, only 11 per cent approached their family doctors.

Even more dismally, a mere 3 per cent approached smoking cessation clinics or the Health Promotion Board, and just one per cent sought assistance from specialists.

MAS signals it will allow stronger Sing dollar to fight inflation

Wednesday, April 16th, 2008

Business Times - 11 Apr 2008

Strong Q1 GDP numbers seen giving MAS more room to tackle price rises By CONRAD TAN

(SINGAPORE) The Monetary Authority of Singapore (MAS) yesterday effectively gave a one-time boost to the Singapore dollar to fight inflation, surprising analysts who had expected the central bank to leave its stance on the currency unchanged.

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The MAS said that it would re-centre its undisclosed policy band for the trade-weighted Sing dollar, or S$NEER, at the prevailing level of the S$NEER - widely believed to be near the top of the previous tolerated range - while leaving the slope and width of the band unchanged.

The shift would help to moderate inflation ‘while providing support for sustainable growth in the economy’, the MAS said in its closely watched twice-yearly monetary policy statement.

Currency strategists suggested that the government’s better-than-expected advance estimate of 7.2 per cent gross domestic product growth in the first quarter - also released yesterday - had temporarily relieved fears that a stronger currency would stifle economic growth and gave the MAS room to tackle rising inflation by nudging the Sing dollar higher.

Unlike the US Federal Reserve, which sets interest rate targets, the MAS implements its monetary policy by steering the exchange rate of the Sing dollar against the currencies of Singapore’s major trading partners.

Raising the policy band by setting its new mid-point at the prevailing level of the S$NEER is more abrupt than making the slope of the band steeper - as the MAS did last October - which would encourage a faster but gradual pace of currency appreciation.

The last time the central bank re-centred the policy band without changing its slope was in July 2003. In April 2004, it shifted from a neutral policy stance to the ‘gradual and modest’ appreciation stance that it has used since.

Analysts suggested that the MAS’s latest move - besides mitigating current inflation by lowering the price of imports - is also intended to arrest expectations of future inflation. If such expectations become entrenched, they could fuel a vicious cycle of wage and price increases that could spin out of control.

‘Immediate Sing dollar strengthening is the only possible intention,’ said HSBC economist Robert Prior-Wandesforde. The move ‘will serve to reinforce the bank’s anti-inflationary credibility’, he added.

Analysts at Goldman Sachs, HSBC and Standard Chartered Bank estimate that the move has lifted the policy band for the S$NEER by 1.5 per cent, consistent with an exchange rate of about S$1.35 to the US dollar.

But rising prices will remain a worry despite a stronger Sing dollar, which will not ease inflation pressure from domestic sources such as higher housing costs, analysts said. Most expect the S$NEER to trade near the top of the new policy band until the MAS issues its next monetary policy statement in October.

The MAS expects inflation this year - as measured by the consumer price index - to be in the upper half of its 4.5-5.5 per cent forecast range. But OCBC Bank analysts expect inflation to reach 6 per cent.

‘Given fresh record highs in many commodity prices, especially with food inflation which will hit developing countries more than the developed countries, we see little near-term relief on inflation,’ said OCBC analysts Selena Ling and Emmanuel Ng in a report.

Yesterday, the Sing dollar strengthened 1.8 per cent to a high of S$1.3567 in afternoon trading, before easing slightly to S$1.3572 at 7pm, according to Bloomberg data. Since the MAS’s statement on Oct 10, the Sing dollar has gained 7.4 per cent.

Goldman’s revised one-year forecast for the Sing dollar/US dollar exchange rate is S$1.32, while OCBC and Stanchart are forecasting an exchange rate of S$1.325 and S$1.35 at this year-end.

Economy surprises with robust 7.2% Q1 growth

Wednesday, April 16th, 2008

Business Times - 11 Apr 2008

But MAS says growth is likely to ease in next few quarters as global outlook dims

By ANNA TEO

(SINGAPORE) Inflationary concerns outweigh downside growth risks - for now anyway - as the economy rebounded strongly in the first quarter. But GDP growth is expected to ease in the months ahead.

The 7.2 per cent flash estimate of Q1 growth - against sub-6 per cent consensus forecasts, and up from the preceding Q4’s 5.4 per cent pace - mostly surprised on the upside. In annualised, adjusted terms, the economy - far from slipping into a technical recession, after a Q4 contraction - grew almost 17 per cent in Q1, according to the advance figures based only on January and February data.

Notably, the manufacturing sector roared back after the previous quarter’s flat performance. According to the Ministry of Trade and Industry, the sector’s 13.2 per cent recovery was due to a surge in the biomedical cluster and a better showing by mainly the electronics and chemicals industries.

Growth was fairly broad-based across the economy, with the services sector maintaining pace at 7.6 per cent, led by the financial services. Construction growth slowed, but to a still robust 14.6 per cent.

The Monetary Authority of Singapore - which unexpectedly tightened monetary policy yesterday - had rather a lot more to say about the growth outlook.

Singapore’s economic growth is likely to ease in the next few quarters, says the central bank in its monetary policy statement.

Global growth prospects have worsened significantly of late, but regional resilience should continue to support Singapore’s growth, MAS says.

And while maintaining the official forecast of 4-6 per cent growth for 2008, it adds: ‘A more severe global downturn cannot be ruled out if there is a further escalation of the financial crisis in the US. If this occurs, Singapore’s growth will be adversely affected.’

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Meanwhile, global inflationary pressures remain high, and Singapore’s consumer price inflation is expected to remain elevated in the first half of 2008, MAS says.

It now projects Singapore’s 2008 inflation rate to come in at the upper half of the 4.5-5.5 per cent forecast range.

‘Against this backdrop of continuing external and domestic cost pressures, an upward shift of the policy band at this point will help to moderate inflation going forward,’ it says.

While surprised by the Q1 GDP figures, economists are a little divided about how much the economy will be hit by the US recession that will likely show its hand in Asia later in the year.

Standard Chartered Bank’s forecasts for Singapore see GDP growth slowing sharply to just 2.8 per cent by Q4, averaging 4.5 per cent for the year.

On the other hand, HSBC economist Robert Prior-Wandesforde maintains that ‘domestic fundamentals remain highly supportive of growth’ and is sticking to his forecast of 6 per cent growth for 2008. He also expects no reversal of the monetary tightening at the next review in October - and sees the inflation rate easing to about 3 per cent in Q1 2009.

For at least one economist, though, the Q1 7.2 per cent GDP growth is simply ‘not high enough’.

Given the robust flash estimates for manufacturing, services and construction, the numbers just do not ‘add up’, says Daiwa Institute of Research’s P K Basu, who had forecast 8.4 per cent GDP growth for the quarter.

Could there have been a ‘computation error’ somewhere, he wondered. Asked about this, an MTI officer ran through the data, and found nothing amiss.

The full details of Q1 economic performance, including March figures, will be released next month.

LTA to consider returning cash for scrapped cars

Monday, March 31st, 2008
March 31, 2008
Policy change may help people switch to public transport, says Transport Minister
By Christopher Tan
FOR years, the answer has been no.

Now Transport Minister Raymond Lim wants to know if it can be yes.

He has asked the Land Transport Authority (LTA) to see if motorists can get back cash when they scrap their cars.

By scrutinising this sacred cow, he is showing how serious he is about finding ways to persuade people to give up their cars.

He hopes that some who get their money back - and the amount could run to thousands of dollars per motorist - would choose not to buy a new car and switch to public transport instead.

Since 2003, around 80,000 passenger cars have been scrapped each year before turning 10 years old, with the Government refunding the so-called unused portions of the Additional Registration Fee and Certificate of Entitlement.

People have been known to scrap cars as new as two years old, though most do so only after the vehicles turn five years old.

At present, the refunds come as paper rebates which can be used only to buy another vehicle.

Given the number of vehicles scrapped and the youthfulness of many of the vehicles, a change in policy could see the Government refunding $2 billion each year.

Mr Lim said that the LTA would work with the Finance Ministry to see if the change could be made.

‘You have to look at our overall objective - to have a decisive shift towards public transport,’ he said. ‘So we should look at whether we can have any incentive to help people make the shift.’

He was speaking at the launch of the Land Transport Masterplan, a 101-page paper outlining the Land Transport Review which he announced in January. It called for an overhaul of the bus and train systems as well as major changes aimed at car owners.

‘As I said when we launched the Land Transport Review, we will leave no stone unturned,’ he said. ‘So this is one more stone that I’m turning up to have a look at, to see if it can be done.’

Motorists have long asked for rebates to be paid in cash, but the answer always been no. The reason usually given: The rebate is a discount on taxes paid upfront and not meant as a cash refund.

Mr Lim expects a decision on the change within six months.

Among motorists who welcomed the possible change was engineer Shreejit Changaroth, 51, who said: ‘I know people with old cars who are not scrapping them simply because they can’t use the rebates for anything else but to buy another car.’

Motor traders however, may lose a source of income, because they rake in a significant amount from trading the rebates between those who scrap and those who buy cars.

Mr Raymond Tang, managing director of used car trader Yong Lee Seng, said that this has been a ‘business opportunity’ for traders for years.

Singapore Vehicle Traders Association president Neo Nam Heng said that cash rebates would be ‘fair to car owners’, but the impact on traders would be clear only when details are out.

christan@sph.com.sg

Kelvin says: Better late than never!

Shanmugam gets Law in new Cabinet line-up

Monday, March 31st, 2008
March 30, 2008
TOP OF THE NEWS
By Lydia Lim
TOP lawyer and four-term Member of Parliament K. Shanmugam becomes Law Minister and Second Minister for Home Affairs from May1.He succeeds Professor S. Jayakumar at the Law Ministry, who leaves the post after 20 years.

Prof Jayakumar, however, continues as Deputy Prime Minister and Coordinating Minister for National Security. He will also oversee foreign policy matters which cut across different ministries.

Mr Wong Kan Seng remains Home Affairs Minister and Deputy Prime Minister.

Mr Shanmugam’s appointment is the first time since 1985 that an MP has jumped from the backbench to the post of full-fledged Cabinet minister.

In 1985, Dr Richard Hu, who was previously chairman and chief executive of the Shell group of companies in Singapore, became Trade and Industry Minister one month after being elected MP.

The new Cabinet line-up unveiled by Prime Minister Lee Hsien Loong yesterday also includes changes at the helm of the Education and Manpower ministries.

From Tuesday, Mr Gan Kim Yong will be Acting Minister for Manpower, taking over from Dr Ng Eng Hen, who will relinquish his Manpower portfolio to helm the Education Ministry.

Mr Gan entered politics in 2001 and was appointed Minister of State for Manpower and Education in October 2005. He will now hold the grade of Senior Minister of State.

Dr Ng takes over Education, replacing Mr Tharman Shanmugaratnam, who was appointed Finance Minister in December last year.

This is the first Cabinet reshuffle since May 2006, when Mr Lee announced a new team shortly after winning his first General Election as PM.

Five Ministers of State have been promoted to Senior Ministers of State, including Mr Gan. Among the four others are two who were inducted into politics only in 2006: Ms Grace Fu and Rear Admiral (NS) Lui Tuck Yew.

Also promoted to Senior Ministers of State are Mrs Lim Hwee Hua and Mr S. Iswaran.

First-term MP Teo Ser Luck moves up from Parliamentary Secretary to Senior Parliamentary Secretary.

These changes aside, the Cabinet line-up remains largely unchanged, although some ministers who had two portfolios have given up one while others have assumed additional duties.

At the Ministry of Information, Communications and the Arts (Mica), Dr Lee Boon Yang remains minister, contrary to earlier speculation that he might retire.

Dr Vivian Balakrishnan, who is Minister for Community Development, Youth and Sports, relinquishes his appointment as Second Mica Minister.

Newly promoted Senior Minister of State Lui adds Mica to his current Education portfolio.

Overall, political observers described the changes as ‘incremental’. Some, including veteran MP Charles Chong, were disappointed that no woman has yet been appointed minister.

DPM Jayakumar gave his incoming successor at the Law Ministry a sterling endorsement, describing Mr Shanmugam as one of Singapore’s most outstanding lawyers.

‘He will be a valuable asset, not just to the ministry, but to the PM’s Cabinet as a whole,’ he said.

lydia@sph.com.sg

pmcabinet08.pdf