Lianhe Zaobao English Selections (2009-07-04)

• Chinese Vice Premier urges more international oversight over financial crisis
  Chinese Vice Premier Zeng Peiyan said while speaking at the Global Think Tank Summit yesterday that more international oversight is needed with regards to the current global financial crisis. He also called for more international supervision over the widening fiscal deficit in the US. Lianhe Zaobao's Beijing correspondent Han Yong Hong reports.

• Ma Ying-jeou:
  Taiwan President Ma Ying-jeou told the media during his Central American diplomatic tour that Taiwan will not offer Mainland funds "unfettered access" to its market to allay concerns by critics that he is getting too close with Mainland China. Lianhe Zaobao's Taipei correspondent reports.

• Lim Hwee Hua: Ability of women has been validated; more qualified women should be identified to join politics
  PAP Women's Wing chairman Lim Hwee Hua would like to see at least 30% of seats in Parliament held by female MPs. Currently, 17 of the 84 seats, or approximately 20% are held by women.

• Q2 retrenchments likely to be less but overall jobless rate ma spike
  Manpower Minister Gan Kim Yong said yesterday that there will likely be less retrenchments in the second quarter. However, the overall jobless rate may continue to rise as the weak economic conditions are expected to persist for at least the next two quarters.

• IPO fever heats up in Hong Kong; expected to get more vibrant in second half of the year
  The IPO fever in Hong Kong has shown signs of heating up recently. Paul Chow, chief executive of HKEx, predicts that the market will get even more vibrant in the second half of the year. Lianhe Zaobao's Hong Kong correspondent Yip Yui Man reports.

• Chongqing's biggest property developer intends to list in Singapore
  In Tan Property, Chongqing's biggest property developer, has expressed its intention to list in Singapore. If successful, it will be the second private company from Chongqing to go public in Singapore after Ying Li International Real Estate. Lianhe Zaobao's Chongqing correspondent Zhang Xiaozhong reports.

• DTZ: Private home sales this year may surpass record set in 2006
  Property consulting firm DTZ predicts that developers will be able to sell between 6,700 and 6,900 private residential units in the first half of this year. It also forecasts that private home sales for the full year will surpass the record of 11,147 units sold in 2006.

• Developers may launch 2,400 condo units before Hungry Ghost Month
  Developers may take advantage of the rising momentum in the property market to launch more than 2,400 condo units ahead of the Hungry Ghost Month. Among them is Far East Organisation, which is expected to launch its leasehold condominium Silversea located in Marine Parade within the next two weeks.

• Knowing how to make use of human talent
  Yang Songjian writes to the Forum page to share his views on how Singapore can avoid brain drain. He feels the Singapore government and companies can improve their use of talent, by offering more challenging and flexible work and also reducing bond restrictions for scholarship holders. This will help draw our best and our brightest back.

• Singapore ad has impact in Hong Kong
  An advertisement for the Think Family campaign by the National Family Council has touched the hearts of many Hong Kong netizens for its theme of tolerance between lovers and between races. Hong Kong-based commentator Huang Shize believes the advertisement displays traditional "Nanyang values" and hopes young Singaporeans do not lose sight of such values.

• Investments in defence have already brought huge returns
  [Editorial] Singapore spends 4.5% of its GDP on defence each year. This has allowed the country to possess a modern and effective fighting force, which has paid off in ensuring a safe environment for investors and a liveable city for residents.

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