P525ORACLE 525 Mon 2 Dec C4 1702:34   C/LLAPSE HALTS  SINGAPORE EXCHANGE Trading in shares in Singapore and its neighbour Malaysia has been suspended to avert panic selling following the collapse of a major industrial group. Bank and other creditors forced the giant Pan-Electric Industries, which is active throughout the Far East and in Britain, into receivership on Satuqd!y. The multinational has been struggling with debts of S$390m (£132m) in the island's already ailing economy, which is expected to shrink by 2% this year. The local stock exchange is now working on a plan to strengthen the securities industry following the Pan-El collapse.  City headlines 500 Newsfile 520