Techs balk at Singapore rules

Investor's Business Daily

Facebook, eBay (EBAY), Google (GOOG) and Yahoo (YHOO) said Singapore's move to tighten rules regulating news websites will hurt the city-state's image as a business-friendly locale. Asia Internet Coalition, an Asia trade group they formed, sent the letter to Singapore's minister of communications and information. In late May, Singapore said websites that regularly report on Singapore must be licensed, post a $39,300 bond and remove within 24 hours stories deemed objectionable.

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