PRESS DIGEST - Singapore newspapers - Jan 7

SINGAPORE, Jan 7 (Reuters) - The following are stories from Singapore newspapers on Wednesday. Reuters has not verified these stories.

THE STRAITS TIMES

- The general manager of the world's largest ferris wheel, Singapore Flyer, has resigned after an incident in December that left 173 people trapped on the giant observation wheel for six hours.

- Singapore banks are reporting a major surge in applications from small firms seeking loans under the government's S$2.3 billion initiative to ease the impact of the credit crunch.

- Changi Airports International is poised to announce that it has taken a quarter stake in a 100 billion Indian rupee ($2.1 billion) airport project in eastern India, three years after it opted out of participating in the modernisation of Delhi airport.

BUSINESS TIMES

- The former chief executive of Singapore Computer Systems, Tan Tong Hai, has rejoined StarHub as its chief operating officer.