In the last year of his presidency ( 1998 ) Ong found out through the newspapers that the government aimed to submit a bill to Parliament to sell the Post Office Savings Bank ( POSB ) to The Development Bank of Singapore.

* Post Office Savings Bank ( POSB ), acquired by DBS Bank on 16 November 1998

On 15 April 2010, DBS Bank launched mobile banking service, mBanking, to both DBS and POSB customers.

mBanking was already soft-launched on both DBS and POSB websites on 10 April 2010 with more than 2, 300 downloads.

The POSB was, at that time, a government statutory board whose reserves were under the president's protection ; this move according to Ong, was procedurally inappropriate and did not regard Ong's significance as the guardian of the reserves ; he had to call and inform the government of this oversight.

Machipisa shopping centre is a well established trading centre that boasts banks ( Barclays, CABS, CBZ, POSB, Beverly and many new local banks ), Night clubs ( Saratoga, Jimalo ( owned by Philip Chiyangwa's brother Jimmy ), Mushandirapamwe Hotel ( formerly a 3 star hotel that hosted Cameroon national team during their visit to Zimbabwe in 1990s ), City council bar with the Gold and Silver rooms where admission demands formal dressing.

The resultant siege mentality is due to Singapore ’ s geographical weaknesses, mistrust of Malaysia and Indonesia due to historical baggage, and from how it stands out as a " little red dot in a sea of green ", as then-President Habibie of Indonesia put it.

Due to its success in its primary markets, Maxim has expanded into many other countries, including Argentina, Canada, India, Indonesia, Israel, Belgium, Romania, the Czech Republic, France ( marketed under " Maximal "), Germany, Bulgaria, Brazil, Chile, Greece, Italy, Korea, Mexico, Netherlands, Poland, Russia ( where it stands now as the most popular men's magazine ), Serbia, the Philippines, Singapore, Spain, Thailand, Ukraine and Portugal.

SIBOR stands for Singapore Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market ( or interbank market ).

In 1970, the site on which UWCSEA's Dover Campus now stands was occupied by the St John's Army School, run by the British Army, but in the light of British military withdrawal from Singapore in 1971, it was due to be vacated.

The Sook Ching Centre site memorial stands at Hong Lim Complex in Chinatown, Singapore | Chinatown.

The detailed account of life in Geylang during and immediately after the war, the visits to Haw Par Villa, the types of food and services available among the main truck road toward Changi and all of its varied businesses ( including the sex trade ) stands at back of the reasons why prostitution, while officially illegal and outlawed in the Singapore constitution, is nevertheless seen as an accessible, public expedient and necessarily so in view of the large numbers of single male foreign workers and expatriates on the island.

For six years, O ' Donnell held the record for the fastest half-century in One Day Internationals ( 18 balls v Sri Lanka, Sharjah, 1990, until Sri Lankan Sanath Jayasuriya scored 50 from 17 balls v Pakistan at Singapore on 7 April 1996 ), a record which still stands.

The hill stands at an altitude of 164. 63 metres ( 537 ft .) and is the highest point in the city-state of Singapore.

Service, which supposedly stands for " Outstanding aNd Exceptional Service ", it hopes to drive a positive service culture amongst its frontline staff at Singapore Changi Airport.

A Certis CISCO auxiliary police officer stands guard beside an Armored car ( valuables ) | armoured truck while his colleagues deliver high-valued goods to and from commercial clients at Change Alley ( Singapore ) | Change Alley, Singapore.

In Singapore and Malaysia, these stands have become so successful that many have chosen to set up shop more permanently in a Hawker center.

The land where St Andrews Church ( see St Andrew's Cathedral, Singapore ) stands was also donated by him.

It stands at with a waterfront promenade that allows for scenic walks stretching from the city centre to the east of Singapore.

The Singapore Memorial, known locally as the Kranji War Memorial, stands over the war cemetery with the names of 24, 346 Allied soldiers inscribed on its walls.

Many systems in East and Southeast Asia such as Taipei and Singapore are called MRT which stands for Mass Rapid Transit.

Boon Lay is a residential precinct in Jurong, named after Chew Boon Lay, a prominent businessman in the late 19th century and early 20th century who owned the land where the precinct stands, when a requisition of 1. 012 km² of land from his estate was done by the war department of the then colonial government of Singapore, leading to the growth of Boon Lay Village in the 1940s, with a population of about 420 in the early 1960s.

The Land Transport Authority ( LTA ) has also implemented several taxi stands around the city as designated points along busy main roads since taxi drivers are not allowed to pick up or drop off passengers within the Central Business District ( CBD ) area in Singapore, where buses ply daily from 7am to 10pm except on Sundays and Public Holidays to ensure the safety of passengers, taxi drivers and other road users, except at the designated taxi-stops.

It also allows our students to develop an awareness of where Singapore stands in the global arena.

As of May 2010, the total Union Membership figure in Singapore stands at 555, 000.

A soldier from the 5th Division stands guard over Japanese prisoners who surrendered during the Japanese occupation of Singapore | liberation of Singapore.

NBK also stands out in terms of its local and international network, which includes branches, subsidiaries and representative offices in Geneva, London, Paris, New York, Singapore, and China, alongside its regional presence in Lebanon, Jordan, Iraq, Egypt, Bahrain, Iraq, Qatar, Saudi Arabia, UAE, and Turkey.

The programme acts as a morning news bulletin for the Asia-Pacific region and is broadcast as a double-headed news bulletin with Rico Hizon in Singapore and Babita Sharma in London's N8 studio.

While unsustainable imbalances may persist for long periods ( cf, Singapore and New Zealand ’ s surpluses and deficits, respectively ), the distortions likely to be caused by large flows of wealth out of one economy and into another tend to become intolerable.

These scholars have held that, if not for Confucianism's influence on these cultures, many of the people of the East Asia region would not have been able to modernize and industrialize as quickly as Singapore, Malaysia, Hong Kong, Taiwan, Japan, South Korea, and even China have done.

The National Biodiversity Centre of Singapore represents Singapore in the Convention for Biological Diversity.

Deeds poll are used for this purpose in countries including the United Kingdom, the Republic of Ireland, Hong Kong and Singapore.

They were used for the Sydney, Athens, Turin, Beijing, Vancouver and Singapore Youth Olympic Games relays.

His ship was a new destroyer which he was to sail to Singapore and exchange for an older ship, HMS Wishart.

The FSM maintains non-resident embassies for four nations: Indonesia, Malaysia and Singapore ( all in Japan ) and Israel in Fiji.

Eleanor Jacques was now married and had gone to Singapore and Brenda Salkield had left for Ireland, so Blair was relatively isolated in Southwold — working on the allotments, walking alone and spending time with his father.

Although the Singapore government received many calls for clemency, Fay's caning took place in Singapore on 5 May 1994.

Alan Marshall, in the Department of Social Sciences at Mahidol University, for example, reflects upon the way Gaia philosophy has been used and advocated by environmentalists, spiritualists, managers, economists, and scientists and engineers ( see The Unity of Nature, 2002, Imperial College Press: London and Singapore ).

Arriving in Singapore, he initially planned to return to Ceylon, but was offered a job working as an assistant on a rubber plantation in Perak, northern Malaya, and decided to take it, working for the Borneo Company.

In 1959, when former British crown colony Singapore gained self-government, it adopted the Malay style Yang di-Pertuan Negara ( literally means " head of state " in Malay ) for its governor ( the actual head of state remained the British monarch ).

Chinese families therefore sent their children to universities in Singapore, Australia, Britain or the United States – by 2000, for example, 60, 000 Malaysians held degrees from Australian universities.

In Asia, Singapore offers fewer licensing requirements and regulations for hedge funds than Hong Kong and other financial capitals in the region.

An island may still be described as such despite the presence of an artificial land bridge, for example Singapore and its causeway, or the various Dutch delta islands, such as IJsselmonde.

Toshiki Kaifu's much publicized spring 1991 tour of five Southeast Asian nations — Malaysia, Brunei, Thailand, Singapore, and the Philippines — culminated in a 3 May major foreign policy address in Singapore, in which he called for a new partnership with the ASEAN and pledged that Japan would go beyond the purely economic sphere to seek an " appropriate role in the political sphere as a nation of peace.

Although trained as a psychiatrist, Dr. Cade served as a surgeon and departed for Singapore in 1941 on RMS Queen Mary.

The different foreign-policy conceptions held by Hitler and Ribbentrop were illustrated in their reaction to the Fall of Singapore in 1942: Ribbentrop wanted this great British defeat to be a day of celebration in Germany, whereas Hitler forbade any celebrations on the grounds that Singapore represented a sad day for the principles of white supremacy.

Singapore was a part of Malaysia for two years ( 1963-65 ), but it ultimately was asked by Tunku to secede after increased racial tensions due to the election campaigns in 1964.

Today, disputes continue among other things, over the pricing of deliveries of raw untreated water to Singapore, Singapore's land reclamation causing a negative environmental impact in Malaysian waters, a new bridge to replace the Johor-Singapore Causeway which Singapore does not want to pay for, maritime boundaries, the redevelopment of Malayan Railway lands in Singapore and Pulau Batu Putih.