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The Macau Metro Monitor, November 16, 2012

NOT MANY SINGAPOREANS BUY ANNUAL LEVY PASSES INTO THE CASINOS Channel News Asia

Contrary to widespread perception, Singaporeans are not taking advantage of annual levy passes into the casino to enjoy multiple entries at the fixed price of $2000.  Minister Iswaran said that of the total number of entry levies bought by locals last year, less than 1% of them were annual entry levies. The rest were daily entry levies.  He was responding to several Parliament members' suggestions during the ongoing debate on casino regulations, that the Government scrap the annual entry levies.  

SINGAPORE'S ECONOMY EXPECTED TO GROW 1.5% IN 2012 Channel News Asia, AFP

According to the Trade and Industry Ministry, Singapore's economy is expected to grow by around 1.5% in 2012 (low end of 1.5-2.5% previous forecast range) and 1-3% in 2013.  Early estimates show that in 3Q, GDP grew 0.3% YoY and fell 5.9% QoQ.  Permanent Secretary at the Trade and Industry Ministry Ow Foong Pheng said: "Growth may come in slightly lower than forecast if the weakness in the externally- oriented sectors persists into the final quarter of 2012."

HEAVY TRAFFIC ACROSS PENINSULA AS GRAND PRIX BEGINS Macau Daily Times

Roads across the Peninsula recorded heavy traffic and congestion as well as numerous accidents as the Grand Prix race got underway yesterday.   According to police and transport departments, congestion started as early as 7am in the Areia Preta zone after many roads were completely or partially closed to facilitate the annual event.  Road conditions were even more overloaded in peak traffic hours with long queues of vehicles seen in Avenida de Horta e Costa, the NAPE area and other districts near the racing track.