Asian Shares Down As US Earnings Season Kicks Off



SINGAPORE (Dow Jones)–Asian stock markets were lower on Wednesday, dragged by weakness on Wall Street and as Alcoa kicked off the U.S. earnings season on a sour note. Continue reading


Google taps student developers for OSS





SINGAPORE–Google has opened applications for its Summer of Code open source coding program, and is reaching out to university students in the country to participate.

This is the fifth year the search giant is running the global program, which offers students stipends to write code for various open source software projects over a three-month period. Google said 150 open source organizations including The Linux Foundation, PHP and the Fedora Project are participating as mentors. Continue reading

Singapore PM Lee Hsien Loong says universities feel strain as competition gets tougher


SINGAPORE: As the competition for talent and resources gets tougher, some universities are also feeling the strain as they make cutbacks.

But there are exceptions, and Singapore’s Prime Minister, Lee Hsien Loong, made this point on Thursday at celebrations to mark Cambridge University’s 800th anniversary.

He said: “The competition for talent and resources has become tougher. The global financial crisis has shrunk endowments and resulted in smaller and fewer donations.

“Even well-endowed universities have to tighten their belts. Some are retrenching staff and cutting back on academic programmes. Cambridge, fortunately, is not in such dire straits.”

In the current atmosphere where longstanding institutions have taken heavy tumbles, to be around for 800 years is no mean feat.

And Cambridge has been reinventing itself – reaching out to alumni as it competes for the best students, researchers and industry link-ups. This is something American Ivy League universities have been doing for some time, and which Singapore universities have also started doing.

Cambridge has a long history of links with Singapore – Mr Lee is a former student, and so is his father, Minister Mentor Lee Kuan Yew.

There are currently about 200 Singaporeans studying at Cambridge.

By Asha Popatlal, Channel NewsAsia