Sunday August 20, 2006

More lawyers for Singapore

business-times.asia1.com.sg :

The government will introduce sweeping measures to boost the supply of lawyers, in a bid to position Singapore as a world-class centre for legal services. Among moves aimed at making sure that Singapore gets its share of this fast-growing global market : a second local law school will be established, more Singaporean graduates of overseas law schools will be allowed to practise here, and local firms will be allowed to hire top foreign lawyers.

Deputy Prime Minister S Jayakumar said that while Singapore's overall services exports have grown two-fold in the past 10 years, legal services exports have surged six times. The reason: A huge increase in cross-border legal transactions, spurred by strong economic growth in China and India.

- Just what we need, more lawyers. Right ...

(2006-08-20 08:31:46 SGT) [Biz] Permalink

Dell profit drops 51%, comes under SEC review

news.yahoo.com :

Dell reported a 51% drop in profit and said that the U.S. Securities and Exchange Commission (SEC) told it in August 2005, that it was conducting an informal investigation of the company. News of the SEC review is the latest blow to Dell, which this week announced the biggest electronics recall in U.S. history after faulty Sony battery cells caused several of its laptops to overheat and burst into flames.

Its fortunes contrast with No. 2 PC maker Hewlett-Packard which reported better-than-expected quarterly profit as it took market share from Dell. Dell can no longer rely on price advantages from its direct-sales model to trump rivals and is struggling to improve its battered image, analysts said. Dell's stock, down 40% in the past 12 months, trades at about the same multiple to expected per-share earnings as Hewlett-Packard, whose stock is up 41% in that period.

See also :

1. Dell laptop explodes at Japanese conference
2. Man blames Dell laptop for house fire

(2006-08-20 08:21:14 SGT) [Biz] Permalink

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