LEGAL action by the authorities against a well-known prominent Singapore fund manager who counts the Government of Singapore Investment Corp (GIC) among its clients started in the High Court on Thursday.

Dr Tan Chong Koay, one of Singapore's pioneering boutique fund managers, is founder and chief executive of the Singapore unit, Pheim Asset Management (Asia) and Pheim Asset Management (Malaysia).

SAY your father has been felled by a stroke and you need information on how to get a wheelchair at a subsidised price and tips on how your maid can look after him.

Help is a phone call away. Call the newly-set up Centre for Enabled Living (CEL) and staff there will tell you if you qualify for a wheelchair grant and how to sign your maid up for training - and all for free.

WASHINGTON - THE US economy shrank at a 1.0 per cent annual pace in the second quarter, the government said on Thursday, leaving unrevised an estimate from a month earlier.

The figure for gross domestic product was better than expected by analysts, who had forecast a revision showing a 1.5 per cent pace of decline for the recession-bound economy.

LONDON - A 17-YEAR-OLD British boy on Thursday became the youngest person to sail solo around the world with assistance, as he entered British waters after 156 days at sea.

Mike Perham crossed the finishing line between Lizard Point, the most southerly point in Britain, and Ushant in northern France, in his 15-metre (50-feet) yacht shortly before 0900 GMT (5pm, Singapore time), escorted by a Royal Navy guard ship.