Latest Posts By pharoah88
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| 25-Apr-2011 14:00 |
Genting Sing
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GenSp starts to move up again
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Genting SP 26th A G M Thursday: 28 APRIL 2011 10:00am R W S West Ballroom
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| 25-Apr-2011 13:45 |
Tiger Airways Rg
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TigerAir
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- Australian’s aviation safety regulator has issued a warning to Tiger Airways and even threatened to cancel its operating licence for alleged safety violations. |
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| 23-Apr-2011 12:52 |
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China Raises Bank Required Reserve Ratio [BRRR] for 4th Time in 2011 to Curb InflationApr 18,2011 9:48 AM Source:XinhuaBEIJING, Apr. 18 -- China's central bank announced Sunday that it would raise the required reserve ratio of the country's lenders by 50 basis points for the fourth time this year, in the latest effort to curb stubbornly high inflation. The new tightening measure becomes effective April 21, the People's Bank of China (PBOC) said in a statement on its website. The move would raise the required reserve ratio for China's large financial institutions to a record high of 20.5 percent, which means they have to lock up 20.5 percent of their deposits as reserves. The tightening measure has been widely expected after the government said Friday that the consumer price index (CPI), a main gauge of inflation, had reached a 32-month high of 5.4 percent in March. Alongside reserve hikes, China has also raised the benchmark interest rates four times since last October to battle persistent inflation. The increase was in line with market expectations because outstanding foreign exchange funds picked up in March and massive bills and repurchase agreements will mature in April, said Lian Ping, a chief economist with the Bank of Communications. " Open market operations are not enough to absorb liquidity and the hike in the required reserve ratio will freeze about 350 billion yuan (53.6 billion U.S. dollars) again," he said. Government data showed that China's funds outstanding for foreign exchange increased by 407.9 billion yuan in March and by more than 1.1 trillion yuan in the first quarter of this year. Further, the market will see 911 billion yuan of central bills mature in April. The central bank reported on Thursday that China's foreign-exchange reserves surged to 3 trillion U.S. dollars by the end of March and Chinese banks lent 679.4 billion yuan of loans in March, up from 535.6 billion yuan in February. Moreover, the broad money supply (M2), which covers cash in circulation and all deposits, increased 16.6 percent year on year as of the end of March, 0.9 percentage points higher than by the end of February. The increase has exceeded the government's target ceiling of 16 percent for 2011 set down in the government work report released in March. " The current cash in the economy is still ample, which prompted the hike," said Zhao Xijun, a finance professor at Renmin University of China. The continuous tightening of the central bank seeks to remove monetary factors that are related to inflation, said Yin Jianfeng, a researcher with the Chinese Academy of Social Sciences, a government think tank. The view echoed that of the PBOC governor Zhou Xiaochuan, who also said Saturday that " China will continue tightening monetary policy for some time" on the sidelines of the Boao Forum for Asia in south China's Hainan Province. He said there is not an absolute ceiling for the level of banks' reserve requirements. Premier Wen Jiabao said earlier this month, during an inspection tour in the eastern Zhejiang Province, that keeping the overall price levels stable was the top priority for current macro regulation. The government would use tools, including open-market operation, required reserve ratio, interest rates, and the exchange rate to eliminate the monetary basis for inflation, he said. Also, the central bank again chose to increase the required reserve ratio instead of interest rates based upon concerns of an inflow of speculative foreign money into China, said Liu Yuanchun, professor with Renmin University. China's economy expanded at 9.7 percent in the first quarter of this year, the National Bureau of Statistics said Friday. Li Xunlei, a chief economist with the Guotai Junan Securities, said the liquidity in the economy is still excessive and China is likely to adopt more tightening measures in the future, including hikes of interest rates and the required reserve ratio. |
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| 23-Apr-2011 12:50 |
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$$$$ China International Capital Corpn [CICC]
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China Raises Bank Required Reserve Ratio for 4th Time in 2011 to Curb InflationApr 18,2011 9:48 AM Source:XinhuaBEIJING, Apr. 18 -- China's central bank announced Sunday that it would raise the required reserve ratio of the country's lenders by 50 basis points for the fourth time this year, in the latest effort to curb stubbornly high inflation. The new tightening measure becomes effective April 21, the People's Bank of China (PBOC) said in a statement on its website. The move would raise the required reserve ratio for China's large financial institutions to a record high of 20.5 percent, which means they have to lock up 20.5 percent of their deposits as reserves. The tightening measure has been widely expected after the government said Friday that the consumer price index (CPI), a main gauge of inflation, had reached a 32-month high of 5.4 percent in March. Alongside reserve hikes, China has also raised the benchmark interest rates four times since last October to battle persistent inflation. The increase was in line with market expectations because outstanding foreign exchange funds picked up in March and massive bills and repurchase agreements will mature in April, said Lian Ping, a chief economist with the Bank of Communications. " Open market operations are not enough to absorb liquidity and the hike in the required reserve ratio will freeze about 350 billion yuan (53.6 billion U.S. dollars) again," he said. Government data showed that China's funds outstanding for foreign exchange increased by 407.9 billion yuan in March and by more than 1.1 trillion yuan in the first quarter of this year. Further, the market will see 911 billion yuan of central bills mature in April. The central bank reported on Thursday that China's foreign-exchange reserves surged to 3 trillion U.S. dollars by the end of March and Chinese banks lent 679.4 billion yuan of loans in March, up from 535.6 billion yuan in February. Moreover, the broad money supply (M2), which covers cash in circulation and all deposits, increased 16.6 percent year on year as of the end of March, 0.9 percentage points higher than by the end of February. The increase has exceeded the government's target ceiling of 16 percent for 2011 set down in the government work report released in March. " The current cash in the economy is still ample, which prompted the hike," said Zhao Xijun, a finance professor at Renmin University of China. The continuous tightening of the central bank seeks to remove monetary factors that are related to inflation, said Yin Jianfeng, a researcher with the Chinese Academy of Social Sciences, a government think tank. The view echoed that of the PBOC governor Zhou Xiaochuan, who also said Saturday that " China will continue tightening monetary policy for some time" on the sidelines of the Boao Forum for Asia in south China's Hainan Province. He said there is not an absolute ceiling for the level of banks' reserve requirements. Premier Wen Jiabao said earlier this month, during an inspection tour in the eastern Zhejiang Province, that keeping the overall price levels stable was the top priority for current macro regulation. The government would use tools, including open-market operation, required reserve ratio, interest rates, and the exchange rate to eliminate the monetary basis for inflation, he said. Also, the central bank again chose to increase the required reserve ratio instead of interest rates based upon concerns of an inflow of speculative foreign money into China, said Liu Yuanchun, professor with Renmin University. China's economy expanded at 9.7 percent in the first quarter of this year, the National Bureau of Statistics said Friday. Li Xunlei, a chief economist with the Guotai Junan Securities, said the liquidity in the economy is still excessive and China is likely to adopt more tightening measures in the future, including hikes of interest rates and the required reserve ratio. |
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| 23-Apr-2011 12:45 |
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no need to attend rally. hIgh transport costs. What For ? GOD will take CARE ! Just inflect the facts. Human beings can't do anything like GOD! |
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| 22-Apr-2011 21:43 |
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fOreIgn talent ? ? ? ? INCREASES COSTS ? ? ? ? Of gOOds and servIces ? ? ? ? |
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| 22-Apr-2011 21:41 |
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Why hire a foreign coach? Letter from Chan Teck Guan AS I read with interest the report “Under-16 boys meet their master” (April 21), I simply cannot understand why the Football Association of Singapore (FAS) has once again appointed a foreign coach to take charge of our national youth team. With all due respect, what has Takuma Koga won as a youth coach that gives him an edge over our local coaches? To support his appointment with the trophies he won in J-League as a player is naive. Adbullah Noor was the assistant coach of the Youth Olympic Games team last year, and with Kadir Yahya’s departure, one would have thought the FAS would appoint Noor as the new coach. But to our surprise, the FAS has again shown its preference for foreigners by appointing Koga as the new coach — with Noor as the assistant. How about local coaches such as V Sundramoorthy and D Tokijan who were involved with youth teams in recent years? Did the FAS even consider Fandi Ahmad for the post? FAS president Zainudin Nordin should be upfront and tell us: Are our local coaches good enough? If not, why not? It is ironic that the FAS appointed a foreign coach for the YOG team, when the FAS president announced earlier this month that FAS is working towards having a league
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| 22-Apr-2011 21:37 |
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Reform Party wants to contest Ang Mo Kio GRC Neo Chai Chin chaichin@mediacorp.com.sg SINGAPORE the Reform Party’s contest of West Coast GRC, its secretary-general, Mr Kenneth Jeyaretnam, revealed its greater ambitions: It hopes to send a team to contest the sixmember Ang Mo Kio GRC helmed by Prime Minister Lee Hsien Loong. Two of the six potential candidates for Ang Mo Kio will be “loaned” from the Singapore People’s Party (SPP): Mr Alex Tan and Mr Jay Ting. The identities of the remaining members are still being finalised. The RP already has one SPP member on its books, Mr Frankie Low, who will be part of the its West Coast GRC team. While SPP told came about because the RP “needs the help”, Mr Jeyaretnam reiterated that his party “have more than enough candidates to form a second GRC team, or the nucleus of a GRC team”. Speaking to reporters during a Telok Blangah walkabout last night, Mr Jeyaretnam described the arrangement between the RP and the SPP as “the culmination of the process” that began when SPP chief Chiam See Tong approached him to contest a GRC together in May 2009. Should Mr Jeyaratnam decide to lead the RP’s Ang Mo Kio GRC team, it would set up an eye-catching contest between him and the Prime Minister. Apart from also having a political pedigree, Mr Jeyaretnam was quick to point out — when he first came onto the political scene — that like Mr Lee, he also had double first class honours. But Mr Jeyaretnam, who took up the RP baton following the death of his father Joshua Benjamin Jeyaretnam, stressed that he was “committed” to West Coast. The party chose Ang Mo Kio because it is one of the few GRCs that none of the Opposition parties had declared an interest in. “Our main concern is to see every seat contested. Most of the other GRCs are already spoken for,” he said. On whether a RP team would face an uphill task, given its lack of outreach efforts in Ang Mo Kio, Mr Jeyaretnam said: “We want to answer the popular demand that there should be no more walkovers. So, that’s our primary motivation.” The party will begin outreach activities in the constituency soon, he added. Spotted at the walkabout yesterday was Mr Jeyaretnam’s 14-year-old son Jared. The youngster helped snap pictures of the candidates on their block visit and deposit flyers at the doors of residents who were not at home. Said Mr Jeyaretnam: “He’s very interested in politics ... It’s a good learning experience.“ — A day after he announcedToday that the arrangementOur main concern is to see every seat contested. Most of the other GRCs are already spoken for. Reform Party secretary-general Kenneth Jeyaretnam Mr Jeyaretnam (centre), his son (in white) and members of the Reform Party during a walkabout yesterday. Photo by Neo Chai ChinOur main concern is to see every seat
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| 22-Apr-2011 21:35 |
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I’m my own man: Kuan Ph oto by Erne st Chua Ian De Cotta ian@mediacorp.com.sg |
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| 22-Apr-2011 21:34 |
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24 year yOUng is very C L E A N ? ? ? ? | ||
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| 22-Apr-2011 21:31 |
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Let’s have a clean fight in Marine Parade: SM Goh TAN WEI ZHEN and SHAMIR OSMAN weizhen@mediacorp.com.sg |
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| 22-Apr-2011 21:30 |
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The R E A L I T Y is : fOreIgn talent entered every sector ? ? ? ? and INCREASED COST of gOOds and servIces and UNEMPLOYMENT in every sector ? ? ? ? AND the WHOLE ECONOMY ? ? ? ? WHAT FOR ? ? ? ? |
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| 22-Apr-2011 21:27 |
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wOrst Of ALL ? ? ? ? every sector's middle-aged and senior workers ? ? ? ? lOst theIr jObs ? ? ? ? after the fOreIgn talent entered each sector ? ? ? ? # # # # whIch sectOr's middle-aged and senior workers did not loose jobs after the foreign talent entered the sector ? ? ? ? fresh graduates also lOst theIr OppOrtUnIty tO secUre fIrst jOb ? ? ? ? # # # # REVEAL # R A W # EMPLOYMENT DATA Of every fOreIgn talent employed in Singapore fOr TRANSPARENT scrUtIny ? ? ? ? fOr Singaporeans to CHALLENGE theIr Capability & Capacity in the OPEN ? ? ? ? |
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| 22-Apr-2011 21:20 |
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fOreIgn talent entered the RETAIL sectors ? ? ? ? cOst of RETAIL gOOds and servIces ? ? ? ? WENT UP AND UP AND UP AND UP ? ? ? ?
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| 22-Apr-2011 21:17 |
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fOreIgn talent entered Medical sectors ? ? ? ? cOst of MEDICAL services ? ? ? ? WENT UP AND UP AND UP AND UP ? ? ? ?
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| 22-Apr-2011 21:14 |
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when fOreIgn talent entered the TRANSPORT sectOrs ? ? ? ? cOst of car, taxi, MRT, buses ? ? ? ? WENT UP AND UP AND UP AND UP ? ? ? ?
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| 22-Apr-2011 21:12 |
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when fOreIgn talent entered the BANKING sector Cost of Financial services WENT UP AND UP AND UP AND UP ? ? ? ?
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| 22-Apr-2011 21:10 |
Straits Times Index
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News Update!
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pOLL is now a CASINO ? ? ? ? | ||
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| 22-Apr-2011 21:08 |
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fOreIgn talent entered the Construction Sector ? ? ? ? cOst of properties and constructions and renovations WENT UP AND UP AND UP ? ? ? ? |
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| 22-Apr-2011 21:06 |
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How foreign workers have helped Singapore ? ? ? ? |
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