Singapore News Highlights for Monday

• Singapore shares opened 0.29 per cent or 8.82 points lower at 2,989.68 despite Asian stocks edging higher elsewhere in the region, consolidating recent rises on late gains in Wall Street on Friday and a rebound in the commodities complex.
• Asian stocks climbed after biggest weekly rally since Dec 2011.
• SGX is reviewing companies' compliance with CG Code.
• China Sky's non-executive chairman has resigned.
• Tee International's Q1 profit went up 23.6%.
• SIA plane had collapsed at Changi Airport gate after nose gear retracted during landing gear check.
• OKP unit has won S$12.7m JTC contract.
• Oil edged up on lower US rig count, & weaker dollar.
• IMF urgeed Japan to proceed with second sales tax hike.
• Fed should not raise interest rates just yet- as said by China Finance Minister