Singapore ups the ante in cyber security fight

SINGAPORE (Jan 28): Singapore is gearing up for a crackdown on cyber crime with the launch of a central agency and the appointment of a minister in charge of cyber security, the government said on Tuesday, as the wealthy city-state grapples with a rise in online crime.

In recent years, Singapore has struggled to combat cyber criminals, who have committed offences including stealing client data from Standard Chartered Bank and hacking the official website of the prime minister.

Singapore central bank cuts 2015 inflation forecast

Singapore's central bank has downgraded its inflation forecasts amid lower oil prices and weaker global economic prospects.
Core inflation, which excludes private road transport and accommodation costs, is now expected at 0.5% to 1.5% this year, down from a previous projection of 2% to 3%, the Monetary Authority of Singapore said in a statement today.
Its 2015 forecast for headline inflation now ranges from minus 0.5% to 0.5%, compared with 0.5% to 1.5% previously.