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Stiglitz: Don't count on US for recovery

Any countries counting on a post-Iraq revival in the US economy to help them out of their own slowdowns are probably in for disappointment, according to Nobel prize-winning economist Joseph Stiglitz.


Fong: SARS-hit sectors should not consider retrenchment

The SARS-hit service sector must not consider retrenchment as an option in dealing with the drop in business, Human Resources Minister Datuk Dr Fong Chan Onn said.


SP Setia sees earnings uptrend

PROPERTY sales may be softening but SP Setia Bhd group managing director Datuk Liew Kee Sin is confident the group's massive 3,000-acre project, Bandar Setia Alam in the Klang Valley, will be a money churner for many years to come.


Fong: Don't lay off workers over war, SARS

Employers who retrench workers by citing the on-going war in Iraq and the Severe Acute Respiratory Syndrome (SARS) outbreak will be hauled up and ordered to justify their actions.


News in brief

News in brief on Telekom, TRC Synergy, Tanaga, Dataprep, NCK Corp and other firms..


Protest against unpaid leave move

MTUC will submit a protest letter to the Human Resources Ministry over the recent request by local employers to impose unpaid leave on employees to minimise the impact of the Iraq war on their businesses.


Full alert against the deadly bug

Violation of quarantine carries a heavy fine and possible jail in Singapore. It is aimed at combating a mystery deadly bug that has killed two and afflicted 74 Singaporeans, 10 of them seriously. SEAH CHIANG NEE has the details.


Fong: Opt for other steps instead of retrenchment

Export-driven manufacturers can opt for partial shutdowns, reduce working hours or allow employees to take additional leave if production is hit by the war in Iraq, said Datuk Dr Fong Chan Onn.


Be ready for war, bosses told

Employers have been urged to make contingency plans to ensure that workers' welfare are looked into in case a war breaks out between the US and Iraq.


PSA laying off 800 to be more competitive

PSA Corp Ltd will lay off about 800 employees as part of a strategy to enhance its competitiveness, its chairman Stephen Lee said in a statement yesterday.