Latest Posts By pharoah88
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| 27-Apr-2011 10:34 |
User Research/Opinions
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^^^^^^^^GENTING HK^^^^^^^^ WARRANTS ^^^^^^^^
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DJ HK Bourse: Results Announcement From Genting Hong Kong Ltd.
For full details, please click on the following link:
http://www.hkexnews.hk/listedco/listconews/sehk/20110426/LTN20110426552.pdf
Source: Hong Kong Exchanges & Clearing
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| 26-Apr-2011 16:54 |
SMRT
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SMRT
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Central Line cOntInUes lOsIng mOney ? ? ? ? Other NEW lInes wIll alsO lOse mOney ? ? ? ? |
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| 26-Apr-2011 16:48 |
Golden Agri-Res
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GoldenAgr
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PALM OIL PRICE PEAKED in FEBRUARY 2011 and FELL into DOWNTREND |
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| 26-Apr-2011 16:42 |
Tiger Airways Rg
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TigerAir
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1st wOrld aIrlIne ? ? ? ? pilot training standards slipped and there were short cuts on maintenance and other operations.
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| 26-Apr-2011 13:20 |
Unit Trusts/Funds
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$$$$$$$$ Singapore Mercantile Exchange $$$$$$$$
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The Singapore Mercantile Exchange will offer the trading of two currency pairs - AUD-USD and - USD-JPY futures contracts from Friday: 29th April 2011. |
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| 26-Apr-2011 12:40 |
SGX
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SGX
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SGX should explain spending As a shareholder of the Singapore Exchange (SGX), I am shocked to learn that the expenditure leading to the proposed signing of an agreement to buy up the AXS is as huge as S$19.5 million (being S$7.5 million in Q2 and S$12 million in Q3). I would request the chief executive officer of SGX, Mr Magnus Bocker, to give shareholders a breakdown of this huge amount spent. To tie-up with other bourses should SGX have any further plans or intention to tie up with other bourses, I think its spending should be checked carefully. Letter from Liew Sing Hun |
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| 26-Apr-2011 12:36 |
User Research/Opinions
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your biggest worries?
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How many Singaporeans exactly? Letter from Joseph Khoo I READ with great interest the article “How foreign workers have helped Singapore” (April 22). It quoted Prime Minister Lee Hsien Loong as saying that without foreign workers, Singapore would not have attracted S$3.7 billion in wafer fab investment as well as created more jobs for Singaporeans. According to the statistics quoted, the IM Flash Singapore Nand Flash Wafer Fab currently employs 1,200 workers, of which six in 10 are Singaporeans and permanent residents. Just out of curiosity, exactly how many are Singaporeans? I also refer to Jolly Wee’s letter “If ‘not ready’ party wins” (April 25). First of all, I would like to reassure Mr Wee that such a freak result would not happen thanks to the robust Group Representation Constituency (GRC) system in place. Second, Singaporeans are generally a sensible bunch who, despite an apparent desire have more Opposition to check on the Government, will not vote carelessly for an Opposition party that does not have the chops to contribute to the country. After all, we do recognise and remember the contributions of the ruling party. Finally, even if the seemingly impossible does happen, our Civil Service, together with our highly competent and dedicated Permanent Secretaries, will ensure that our country will continue tobe run smoothly. |
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| 26-Apr-2011 12:30 |
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A wrong sense of housing affordability: NSP’s Goh Tan Weizhen weizhen@mediacorp.com.sg SINGAPORE At current housing prices, buyers will have to service their loans for the next 30 years, which will wipe out the CPF accounts of many buyers, leaving them with little for retirement, NSP secretary-general Goh Meng Seng said in response to recent comments by National Development Minister Mah Bow Tan. Mr Mah had said on Sunday that eight in 10 couples who buy new flats use only a quarter or less of their salaries to service their home loans, because they use their CPF. Combined with housing grants, a couple earning $4,000 could get a flat with “zero deposit”, he had also said. But Mr Goh said many young people he has met on the ground cannot afford flats, even with a 30-year mortgage: “A 30-year mortgage isn’t affordable. It would mean that all the youngsters now, in 30 years’ time, wouldn’t be able to retire CPF would be zero. So what gives? Our future generation will suffer. “To say that — not forking out cash for deposit — is a myth. It has created a wrong sense of affordability.” His NSP team distributed flyers at the Tampines MRT Station last night. The NSP is contesting Tampines Group Representation Constituency, where Mr Mah is the People’s Action Party anchor minister. Mr Goh also defended his proposal that permanent residents should have a longer minimum occupation period for HDB flats: Eight years, compared to five for Singaporeans. Mr Mah had rejected that proposal as housing policy was already “stacked in favour” of Singaporeans. Mr Goh responded by saying there should be a mindset change with regard to PRs: “Whoever we want to attract, we should have the motive to make sure these PRs will become our citizens. We don’t want (PRs of) a migrant nature.” He believes that raising the criteria to eight years will elicit more commitment from PRs, as a flat will then become a home to them and “the natural path is to become a citizen”. As for local issues NSP will campaign on, Mr Goh said Tampines has a number of problems, including an ageing population, lack of car park spaces and poor estate maintenance. Some ageing HDB blocks have leaking roofs and peeling paint, he said. His proposals include a community hospital to serve the elderly in Tampines, Simei and Pasir Ris-Punggol. — Paying nothing as a deposit for a new flat or covering monthly mortgages with Central Provident Fund contributions do not mean public housing is affordable, the National Solidarity Party said yesterday. |
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| 26-Apr-2011 12:22 |
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COV down 9% in Q1 Analysts divided if cash over valuation will fall further or hold Linette Lim linettelim@mediacorp.com.sg SINGAPORE COV premiums for HDB resale flats dropped 9 per cent, or a S$2,000 decrease, to S$21,000 for the first quarter of this year, according to data from the Housing and Development Board. Observers attributed the decrease to the Government’s cooling measures but were divided on whether COV premiums have bottomed out or will continue to drop. “Currently, the COVs have come to a point where it is not going any much lower,” said PropNex chief executive Mohamed Ismail. “Based on our Prop-Nex data, the COV for the month of April has already gone up to a median at S$23,000, which is where we were starting prior to the first quarter.” However, Cushman & Wakefield vice-chairman Donald Han reckons COV premiums will continue to fall. “I think the fact that there’s going to be 22,000 new HDB dwellings going up in the marketplace, and the Government’s ramping up ... its development mission to develop more HDB properties ... will mean vendors cannot hold on to their COV asking prices,” he said. The Resale Price Index increased 1.6 per cent in the first quarter, compared with 2.5 per cent in the previous quarter. While the total number of resale transactions fell by about 4 per cent to 6,228 cases, the proportion of resale cases transacting above valuation remained at 96 per cent. Meanwhile, median sublet rents during this period remained relatively stable with increases for one-room and five-room flats and decreases for two-room flats. Subletting transactions rose by 8 per cent to 6,365 cases. The total number of HDB flats approved for subletting rose to about 36,400 units in the first quarter, compared to about 35,000 units in the previous quarter. In a separate announcement yesterday, HDB said that it will launch another 3,185 flats for sale under the Build-to-Order (BTO) exercise for this month. HDB said it will offer 22,000 new BTO flats this year if demand is sustained. Last year, a total of 16,000 BTO flats were offered. Despite the supply of new flats coming onto the market, Mr Han thinks that there could be a 1- to -2-per-cent uptake in HDB resale prices over the next one or two quarters. Mr Ismail also thinks that the resale prices will trend up, as the new supply of BTO flats is not a perfect substitute for the resale units. “Even though there are 22,000 (new) flats, there are many people who will still choose to buy resale because they can’t afford to wait three years to get the keys,” said Mr Ismail. “On that basis, I will see it as two different markets.” — HDB resale prices went up in the first quarter of this year, but Cash-Over-Valuation (COV) premiums fell during the same period. |
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| 26-Apr-2011 12:15 |
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Workers’ party Chen Show Mao Partner at law firm Davis Polk & Wardwell, 50 FACTFILE • Top student in Singapore for the 1979 ‘A’ level examinations • Rhodes Scholar, and alumnus of Harvard, Oxford and Stanford universities • Juris Doctor from Stanford • Worked previously at research institutions • Advised the Agricultural Bank of China on its recent US$22 billion (S$27 billion) initial public offering (IPO), the largest IPO in history He said ... The coming election is about your future, your children’s future and into whose hands (you want to) entrust that future. Do you want a choice of capable parties competing to give you a better future? In order to have that choice tomorrow,
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| 26-Apr-2011 12:07 |
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SDP’s Tan Jee Say may have ‘lost his way’: Lim Boon Heng SINGAPORE Mr Lim yesterday joined the line of some People’s Action Party (PAP) ministers in refuting Mr Tan’s economic proposals and his view that the PAP has lost its moral compass. Speaking at a community event, Mr Lim said it is positive that a former civil servant is taking on the PAP as it allows the public to reflect on different points of view. “I think Mr Tan may have lost his way ... perhaps he is trapped in a time warp. He has been out of policy-making decisions for quite some time or perhaps he is lost in the forest and going around in circles ... the world has moved,” said Mr Lim. Minister of State (Trade and Industry and Manpower) Lee Yi Shyan also commented on Mr Tan’s proposal to move away from manufacturing and focus on services, saying an economy without manufacturing would be difficult to imagine. Mr Lee, who spoke at the release of survey findings by the Customer Centric Initiative, said it was manufacturing that helped to pull Singapore out of the last recession. He said: “If Singapore were located elsewhere, then maybe our service sectors, our consulting firms, accounting firms, our legal firms can practise in a wider region. “But the reality is that there is limited market reach of service companies, so we always need the manufacturing that can help us connect to the world.” Mr Lee, who is likely to stand in East Coast Group Representation Constituency, said the PAP is ready for contest. “Well put it this way, we have been doing a lot of consistent work, so we will be very disappointed if opposition doesn’t come and we are ready for a good fight,” he said. — Minister in the Prime Minister’s Office Lim Boon Heng has said that Singapore Democratic Party candidate Tan Jee Say has been out of policy-making for some time and may have “lost his way”. |
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| 26-Apr-2011 12:00 |
User Research/Opinions
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$$$$ CPI $$$$ INFLATION $$$$ EXCHANGE RATE $$$$
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SINGAPORE This was in line with economists’ average forecast and meant that the CPI for the first quarter rose 5.2 per cent from the corresponding period last year. But there is likely to be good news ahead, according to economists, who say that prices may have seen their peak in the first quarter. They say policy action by the Monetary Authority of Singapore to allow the local currency to strengthen against major currencies last year and again earlier this month will help curb inflationary pressures. The Singapore dollar yesterday hit a record high of S$1.2317 against the US dollar, which will temper the rise in the price of imports. Underlying the 5-per-cent CPI rise in March were higher transport costs owing to costlier Certificate of Entitlement premiums and fuel, higher housing costs due to rising accommodation and electricity rates, and dearer food, resulting from higher commodity prices globally. Still, economists say the CPI will be more moderate for the full year, with headline inflation coming in at the upper end of the Government’s 3- to 4-per-cent forecast. CIMB economist Song Seng Wun, who estimates 2011 inflation at 3.8 per cent, said: “Utilities bills are likely to go up in the second quarter after they were brought down by Government rebates in the first. “Transport costs remain high but inflation will ease because of a combination of tightening by the MAS and higher base of comparison.” [#mIsleadIng cOmparIsOn ? ? ? ? The Only Based Year shOUld be Used #]
He added: “Although COE prices are higher than what they were a year ago, they are not increasing at the same rate as the previous year, so it looks like in terms of the year-on-year side, transport costs will continue to be the primary contributor to the headline CPI.
“But, going forward, its effect will become less pronounced, especially in the second half.”
Action Economics director David Cohen expects a higher rate of inflation.
“We’re looking for something around 4 to 4.5 per cent. That’s slightly above what the Government is saying but, like the Government, we expect that it would moderate a bit in the second half of the year. The base effect will be helpful.”
On a month-on-month basis, inflation ticked up a modest 0.1 per cent, led by the cost of housing, clothing and footwear and recreation.
The number, though, was capped by transport prices, which fell 0.6 per cent.
There is a dark cloud, though.
Economists warn that oil prices — which have advanced 23 per cent this year amid tensions in the Middle East and North Africa — could continue to rise and add more pressure.
CIMB estimates that for every US$10 increase in the price of a barrel of oil, headline inflation in Singapore will rise 0.2 to 0.3 per cent.
[#NOTE: OIL PRICE IS HEDGED ? ? ? ?#] |
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| 26-Apr-2011 11:50 |
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$$$$ CPI $$$$ INFLATION $$$$ EXCHANGE RATE $$$$
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After 5% rise, consumer prices may have peaked Chris Howells christopherh@mediacorp.com.sg Underlying the 5-percent CPI rise in March were higher transport costs owing to costlier Certificate of Entitlement premiums and fuel, higher housing costs due to rising accommodation and electricity rates, and dearer food, resulting from higher commodity prices globally. |
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| 26-Apr-2011 11:44 |
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Opposition set to contest 82 seats Only 5-member Tanjong Pagar GRC likely uncontested, NSP set to field biggest slate of 24 candidates |
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| 26-Apr-2011 11:41 |
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The 1st WORLD MEDICIE is OUT NOW MM Lee on the General electi on In the heat and dust of this election, remember, do not risk your assets ? ? ? ? property values ? ?? ? job opportunities ? ? ? ? |
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| 26-Apr-2011 11:32 |
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FREQUENT ELECTION EVERY 2-YEARS EN SURES On-the-tOe / Pulled Up Socks 1st WORLD PARLIAMENT eliminate CONCEITMENT AND COMPLACNCY [CAC] wIll be EXCELLENT fOr the CITIZENS |
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| 26-Apr-2011 11:24 |
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ECONOMICS PRODUCT LIFE CYCLE ? ? ? ? had bEEn shOrtened ? ? ? ? frOm Y E A R S tO mOnths ? ? ? ? fOr 1st wOrld DEMOCRACY ELECTION CYLCE shOUld be effected tO EvEry twO YEARS tO rEflEct cUrrEnt ElEctOratE's chAngIng nEEds ? ? ? ? |
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| 26-Apr-2011 11:17 |
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NEWS AVALANCHE SEASONS NOW
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| 26-Apr-2011 11:12 |
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摇 乒 乓 |
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| 26-Apr-2011 11:00 |
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T O D A Y THE 1st WOrld MEDICINE
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