Mr Lee Kuan Yew is in stable condition and doctors at Singapore General Hospital (SGH) are monitoring him closely, said Minister for Communication and Information Yaacob Ibrahim in a Facebook post on Friday night.
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- Malaysia willing to work with Singapore on regional oil pricing
Malaysia is willing to work with Singapore to become part of a regional oil pricing area, including offering land for storage the island state lacks, the head of a Malaysian state body coordinating a major new oil hub said. Despite being an oil and gas exporter, Malaysia lacks sufficient storage and refineries to allow it to act as a pricing hub like Singapore, Europe's ARA hub (Amsterdam, Rotterdam and Antwerp) or Houston in the United States. In a bid to remedy this, Malaysia is building the Pengerang Integrated Petroleum Complex (PIPC) at its southern most point in Johor state, about 10 km east of Singapore.