SINGAPORE'S slowing economy is likely to remain weak next year as the full impact of the financial crisis hits home, said the Monetary Authority of Singapore (MAS) yesterday.

The economy, already in a technical recession, will see 'further slippage... ahead' with the decline expected to spread to almost all sectors, from manufacturing to tourism.

HONG KONG - ASIAN stocks and government bonds rallied on Wednesday, on hopes the Bank of Japan and the Federal Reserve will deliver interest rate cuts this week to support the sharply slowing global economy.

Oil prices also rose as investors latched on to the upward momentum in global equities, hoping for a sustained revival in willingness to take risks for higher returns.

LOS ANGELES - ELVIS Presley, Snoopy creator Charles Shultz and recently deceased actor Heath Ledger headed Forbe's Top-Earning Dead Celebrities for 2007, having netted a combined US$105 million (S$156.6 million), the magazine said on Tuesday.

Thirty years after he died aged 42, the King of Rock 'n' Roll last year pulled in US$52 million, dwarfing living music stars like Justin Timberlake (US$44 million) and Madonna (US$40 million), the magazine said.

INVESTORS in DBS High Notes 5 finally got the news they have been dreading for weeks: Their investments are officially worthless.

DBS said on its website yesterday that the redemption value of the notes has been calculated to be zero, so nothing will be paid out. Letters are going out to investors notifying them of the valuation.