WHEN Ernst and Young auditors moved in to check Ren Ci Hospital's finances in late 2006, they could not reconcile two loans made to Mandala Buddhist Cultural Centre.

Both sums - for $300,000 and $50,000 - were in Ren Ci's books, but not in Mandala's.

THE NATIONAL Environment Agency (NEA) launched the $8 million 3R (Reduce, Reuse and Recycle) Fund on Wednesday, in collaboration with Earth Day, to encourage waste minimisation and recycling projects.

The Fund can be used to offset up to 80 per cent of the cost of waste sorting systems - capped at $1 million per project - for landed properties, food and beverage outlets and schools.

BUYERS snapping up homes in recent weeks may be jumping into the market way before it has reached the bottom, says new research.

Real estate consultancy DTZ is tipping a gradual property market recovery only from the middle of next year so people buying now could be spending more than they need to.

SINGAPORE has been named the best seaport in Asia for the 21st time in 23 years, beating Hong Kong and Klang in Malaysia.

It received the honour at the 23rd Asian Freight and Supply Chain Awards (AFSCA)in Hong Kong on Wednesday night.