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Singapore Hotel 81 developer to start new brand at Kallang Road site By ARTHUR SIM HOTEL 81-linked Citywide Land has been awarded a hotel site at Kallang/Jellicoe roads and has a new brand in the works.

From days of muddy trails to years of factory building JTC celebrates 40th year of housing manufacturing here TREKKING along muddy trails, clearing land and even escaping from knife-wielding locals - these adventures sound like scenes from an Indiana Jones movie, but they were all part of a day’s work for JTC Corporation staff in the early days of developing Jurong.

This crisis calls for global cooperation AFTER too much foot-dragging, uncertainty and mixed signals, we appear to have at last arrived at a coherent and credible approach to, at least, preventing the collapse of the major banks of the US and Europe.

Tycoons take a bath as markets run dry - Singapore Most have seen the value of their stockholdings shrink dramatically By CHEW XIANG (SINGAPORE) They aren’t living hand to mouth just yet, but it must feel like it. Thirteen of Singapore’s biggest tycoons have shed at least $6.7 billion in net worth since the start of the year - each has lost almost 55 per cent on average.

RBS nationalised as part of rescue deal - LONDON Britain to also take major share in merged HBOS-Lloyds; bonus culture to go By NEIL BEHRMANN IN LONDON ROYAL Bank of Scotland (RBS), HBOS and Lloyds TSB, three of Britain’s leading banks, have effectively been nationalised.

Market gives up early gains By JOSEPH CHIN KUALA LUMPUR : The local stock market opened higher on Monday but was quick to give up its gains as investors remained unconvinced the financial meltdown was not yet over. At 9.30am, the KL Composite Index fell 3.05 points to 930.96.

Malaysia honour lands star in storm - How has SRK promoted country, ask people Kuala Lumpur (PTI) : Shah Rukh Khan has been conferred a Malyasian state honour equivalent to a British knighthood but the decision has been denounced by many who believe local artistes should get priority.

Financial slowdown may ease construction costs     Projects like the Resorts World in Sentosa are going ahead as scheduled. The integrated resort is on track for its soft opening in early 2010 as most of the key contracts have already been awarded.  The financial slowdown may actually spell good news for the construction industry.

Talk but where’s the action from G-7?  Group pledges to take ‘all necessary steps’ to stop crisis, but pessimism continues  By Francis Chan  Analysts are bracing themselves for more nervousness when markets open tomorrow, after an important meeting of the world’s most powerful economies threw up tough words but no action plan on how to deal with the financial crisis.

World races to contain contagion  Eurozone leaders plan co-ordinated loan guarantees and fresh capital injections     French President Sarkozy (right) has been meeting with EU counterparts like German Chancellor Angela Merkel to work on a united rescue plan for eurozone banks .