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November 12, 2008 Wednesday
Updated

HONG KONG - NO ONE political system is the best for generating sustained economic growth, and the success of a country's economy does not rest on whether the governance is Asian-style or Western-style, Senior Minister Goh Chok Tong said on Tuesday night.

'Every country must find the political system that can deliver the goods, given its special and specific circumstances,' he said.

 
Retail theft costs households

SINGAPORE residents are paying US$173 (S$258) per household to make good on losses suffered by retailers primarily from shoplifting, according to a recent worldwide retail survey.

Altogether, local industry lost US$145 million between July last year and June this year because of retail thefts. When wastage from administrative error is included, the overall loss is US$173 million.

Anime downloaders being sued

FIVE Japanese anime studios are suing people accused of downloading their videos without permission, marking an unprecedented step by a rights owner against end-users.

Four writs of summons were filed last week by law firm Rajah & Tann on behalf of the studios, namely Showgate, Geneon Entertainment, TV Tokyo, GDH KK and Sunrise.

New $3.5m arts fund

IF YOU are a dancer, writer or playwright wanting to create new work, there is a new source for funding.

The new Arts Creation Fund, with $3.5 million in the kitty to last over five years is administered by the National Arts Council (NAC).

   
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