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Latest Posts By pharoah88
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| 10-May-2010 16:43 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Monday: 10 MAY 2010 WHITE KNIGHT BRIGADE is BACK 11:21:35 S$1.30 1,210,000 14:05:20 S$1.31 1,207,000 15:40:59 S$1.32 1,827,000 |
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| 10-May-2010 14:54 |
Keppel Land
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Kepland
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It is a RECOVERY | ||||
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| 10-May-2010 14:13 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Monday: 10 MAY 2010 WHITE KNIGHT BRIGADE is BACK 11:21:35 S$1.30 1,210,000 14:05:20 S$1.31 1,207,000 |
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| 10-May-2010 14:02 |
Others
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nightmare
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Hair today, oil boom tomorrow
WASHINGTON
“People from France, England, Spain, Brazil, Australia, all over Canada and the United States have signed up,” said Ms Lisa Gautier, co-founder of the Matter of Trust charity which is coordinating the collection of hair, fur and tights for the oil slick.
“There are 370,000 hair salons sending hair, 100,000 pet groomers, alpaca and sheep farmers, and the other day we had a huge group of transvestites who donated their very long nylons,” she said.
Matter of Trust was getting some 204,000kg of hair or fur coming in every day as of Friday. The US Army Corps of Engineers moved hair-based boom production up a notch when it devised a way to make a mile of boom a day with the hair and fur, Ms Gautier said. The hair- and fur-filled booms will be laid on beaches.
Hair and fur will typically soak up around four to six times their weight in oil.
But it’s not as good as industrial booms, which are filled with synthetic microfibres that can mop up 15 times their weight in oil.
Meanwhile, a novel attempt to use a 100-tonne steel-and-concrete box to cover the gushing oil well was aborted after ice crystals encased it. The setback left the mission to cap the ruptured well in doubt. |
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| 10-May-2010 13:52 |
Others
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nightmare
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World MANILA Philippines yesterday as tensions flared ahead of today’s national elections, which are expected to see favourite Benigno Aquino win the presidency in a landslide. The build-up to the elections has been typically tumultuous for one of Asia’s most free-wheeling democracies, with dozens of people killed, ferocious mudslinging and dark rumours of illegal power grabs. Five people were shot dead yesterday in two remote parts of the country involving gunmen loyal to local candidates, while communist guerrillas also destroyed five vote counting machines, the authorities said. But the military and police, which have deployed tens of thousands of personnel to protect polling stations, insisted today’s elections were expected to proceed without major unrest. Despite scattered violence and a rush to fix a computer glitch, officials said the Philippines’ first automated presidential and local elections this week will be a successful test of its fragile democracy. Mr Aquino, the son of revered pro-democracy icons, has topped pre-election surveys in the nine-way race for the presidency. His rise reflects the longing to fill a moral vacuum in a country exasperated by decades of corruption, poverty and violence. Mr Aquino’s closest rivals include ousted President Joseph Estrada and Senator Manuel Villar, the country’s wealthiest politician. Yesterday, thousands of workers delivered optical counting machines to 98 per cent of about 76,300 precincts across the South-east Asian archipelago, Elections Commissioner Rene Sarmiento said. Reconfigured memory cards for the machines have been delivered to regional hubs after the defect prompted a massive recall last week. Late delivery and final testing may delay vote counting in some far-flung areas, the Election Commission said. In the worst scenario, about a million Filipinos will be able to vote but their ballots will not be counted until the new cards arrive in those areas, the poll body said. About 50 million Filipinos will vote to elect a new President, Vice-President and officials to fill nearly 18,000 national and local posts. — Five people were killed in theAGENCIESPolls a test of DemoCracy Tensions flare in the Philippines ahead of today’s nation-wide elections |
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| 10-May-2010 13:34 |
Others
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nightmare
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Previously, I had a colleague from HOLLAND, EUROPE. She tOld all Singaporean colleagues that DRUGS are LEGALLY and FREELY available in her home country, HOLLAND. According tO her, she did nOt encOunter any drug prOblem in her home country. She returned home to HOLLAND after 2000
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| 10-May-2010 13:26 |
SGX
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SGX
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C Yet none was forthcoming from any of the key players in the initial public offering: Not from the company, not from its managers and underwriters (UBS and Morgan Stanley), not from the Singapore Exchange nor from the Monetary Authority of Singapore (MAS). One was proferred by New Century’s IPO was to have been the biggest so far this year with plans to raise some $666.4 million through the issue of 560 million shares at up to $1.19 each. The shipbuilder had originally planned to raise as much as $1.5 billion but decided to halve the number of shares on issue as market sentiment began to wane as a result of the unfoldingGreek tragedy. Fortunately no investor has lost any money in applying for New Century shares as the company has promised to refund all application monies. But as this incident has clearly embarrassed not only New Century but also Singapore as well, some answers to the mystery of the pullout should be in order from all parties concerned, including the company as well as its managers and underwriters. Otherwise all kinds of rumours will prevail, and that cannot be good for the stock market. As it is, Chinese listings — better known as S-chips — have already come for plenty of bad press in the past year due to corporate scandals and in some cases, poor returns. Leaving the situation open to speculation will just make it worse. Just a couple of weeks ago, the Exchange named and shamed about half a dozen listed companies for breaching its listing rules. All but one — Oculus — were S-chips. If the authorities demand transparency from their members and all those listed on the Exchange, then they too should be just as OPEN — as far as they possibly can be. They cannot hide behind responses like: “We do not publicly comment on our interactions with individual companies”, as in the case of the Exchange; likewise the MAS with its reply: “MAS does not comment on its dealings with individual parties”. What then does one call the reprimands and the postings on their respective websites of fines and other actions taken by these two bodies? The MAS, in response to press queries, has also said: “Entities offering securities to the public in Singapore are required to comply with the Securities and Futures Act which, among other things, requires proper disclosure of the features and risks of the product. Where there is a breach of regulation or law, MAS will take appropriate regulatory action.” Why does the MAS have to be so COY? Were it to give the reasons behind the withdrawal of the IPO, what will it jeopardise? If New Century’s pullout is due to a possible breach of the Securities and Futures Act, then it could lead to criminal action from the MAS. The parties concerned in the IPO, which includes its board of directors, could be fined up to $150,000, and/or jailed for up to two years if convicted. Is it not in the public interest to know if New Century’s withdrawal of its IPO was indeed due to a criminal omission of facts? And indeed, New Century’s directors and at least one of the issue managers are said to have sought legal advice. There have also been questions asked if the silence from the authorities has anything to do with the reputation of the managers and underwriters involved. It was pointed out that a few years ago the Exchange rapped Hong Leong Finance’s IPO team for the latter’s failure to disclose despite queries by the regulator, that Fibrechem Technologies, a company it was lead managing for a public offering, had previously applied for a Hong Kong listing. That failing led to the Exchange’s withdrawal of the letter of eligibility for Fibrechem’s public offering and the slapping of a three-month ban on Hong Leong from seeking new IPO mandates. The authorities must be seen to be treating all in a FAIR and equal manner, withOut FEAR or FAVOUR. hinese shipbuilder New Century Shipbuilding’s recent decision not to go ahead with its initial public offering on the Singapore Exchange has left many wondering about the reasons behind the pullout.The Business Times which attributed the action to a complaint to the Exchange that New Century had failed to disclose the cancellation of two orders for ships worth some US$180 million ($251 million) and a resulting lawsuit for US$60 million in expenses incurred by the customer, Sino Noble.The writer is editor-at-large at Today. |
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| 10-May-2010 13:18 |
SGX
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SGX
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If the authorities demand transparency from their members and all those listed on the Exchange, then they too should be just as open — as far as they possibly can be.
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| 10-May-2010 13:15 |
SGX
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SGX
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Be fair, without fear or favour Investors deserve more details about aborted IPO by New Century Shipbuilding CON RAD RAJ conrad@mediacorp.com.sg |
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| 10-May-2010 12:47 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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SINGAPORE Instead, analysts believe that most commodity prices will hold up firmly or may resume its uptrend, propelled by the strong demand for commodities in China and other emerging markets which are currently enjoying an economic rebound. While this trend may be a boon to commodity suppliers and traders, it would be a bane to companies that make use of commodities such as oil, rubber and other agricultural commodities as their raw materials. Still, it is the consumer that will bear the brunt of the price increases as companies are expected to pass on the added costs to them which would eventually raise inflation rates in emerging economies. Barclays Capital’s latest report on commodities said that China’s commodity demand and increasing wealth will have a “transformational effect on the structure and flow of raw material demand”. The report had pointed out that it expects oil prices to continue to rise and may hit US$92 ($125.60) a barrel by the fourth quarter of this year. This was after the quarterly average price of oil rose from US$43.30 a barrel in the first quarter of 2009 to US$78.90 a barrel in the first quarter of this year, the Barclays report added. Notably, the report also expects prices of several agricultural commodities like cocoa, wheat, soya beans and corn to rise as well by the end of the year and believes that prices of base metals like copper and aluminium will be on an uptrend in the long term. Mr Phillip Overmyer, chief executive of the Singapore International Chamber of Commerce, said that if raw material prices are to continue to increase, then food and transport industries will be among the first to feel the pinch. To prevent their growth prospects from being derailed, Mr Overmyer said companies in these sectors can perhaps look into alternative sources of raw materials. “For example, in sectors that need oil, they can change the energy source, upgrade — Despite the economic woes in Europe which led to the recent meltdown in financial markets, commodities are one asset class that may not fall prey to the bearish sentiment. |
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| 10-May-2010 12:40 |
Mermaid Maritime
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Mermaid
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thOse whO want Up have lOng pOsitiOns thOse whO want dOwn have shOrt pOsitiOns
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| 10-May-2010 12:36 |
Others
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the edge--Mr doom and rogers comment
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rOgers always said that he bOught and bOught CHiNA stOcks and cOmmOdities ALL THE WAY Over the past years since he mOved tO SingapOre. WHY did he mOve tO SingapOre ? may be he 'Ran rOad' ?
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| 10-May-2010 12:31 |
Mermaid Maritime
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Mermaid
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what gOes Up mUst cOme dOWn. what cOmes dOwn mUst gO Up. Otherwise, wOrld Financial System WiLL shUt dOwn if it is nOt gOing Up and cOming dOwn in a CYCLES LiKE Alternating Current [AC]
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| 10-May-2010 12:24 |
Mermaid Maritime
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Mermaid
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Mermaid Maritime Buy | 63 cents UOB KayHian initiates coverage of Mermaid Maritime at Buy, with Target Price $1.30. Says near-term price catalysts include contract wins on demand recovery, more acquisitions of offshore assets. “We believe the market has been pricing Mermaid at a discount mainly due to its more elderly assets, which have encountered some problems seeking employment ... ” |
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| 10-May-2010 11:48 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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nOw i wOnder hOw is the actual wOrd FUCK prOnOunced instead ? has anyOne cOme acrOss it ? is it prOunced as FACT ? if it is, One has tO bE carefUl with the request, "GiVE me the FACT nOw" |
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| 10-May-2010 11:40 |
Entertainment
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Seven Sins of Stock Investing
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*WALK THE TALK* FACT All analysts, advisors, fund managers always say, "One must stay invested ALL THE TiMES." Rating Agencies must have a Vested Rating fOr ALL analysts, advisors, fund managers on their PersOnal Level Of Investment each TiME a statement is made by each of them. This is tO ensUre they reAlly WALK thEir TALK. |
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| 10-May-2010 11:33 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Monday: 10 MAY 2010 11:21:35 1st Returning WHITE KNIGHT is BACK S$1.30 1,210,000
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| 10-May-2010 11:28 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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It is Often seriOusly MiSheard tOO. lOng agO when i attended a regiOnal cOnference. A Lady CFO frOm Philippines was making a presentation. SUddently, every male delegate stOOd Up immediately, when she made this statement. "I want the FACT nOw!" it was heard as "I want the *FUCK* nOw!" check it Out when yOu speak to FilipinO on the prOnOunciatiOn Of the word "FACT". "Give the FACT later!"
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| 10-May-2010 11:18 |
Others
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nightmare
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How may “thousands of lives” had been ruined in HOLLAND by freely available drugs ?
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| 10-May-2010 11:16 |
Others
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nightmare
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How may “thousands of lives” had been ruined by freely available Cigarettes and Alcoholic beverages ?
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