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10-May-2010 11:12

Others / nightmare

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Death penalty, a trade-off

If we say, we’ll let you go, what is the signal we’re sending? We’re sending a signal to all the drug barons out there, just make sure you choose a victim who’s young, or who’s preferably a mother of a young child and use them as the people to carry the drugs into Singapore. And then there can be a lot of sympathy generated if they do get caught. This poor lady, she’s a mother of three young children, she only did it because she had to save her children.

Or this young boy, he didn’t know what he was doing. Then you will get 10 more. You will get a whole unstoppable stream of such people coming through.

Minister for Law and Second Minister for Home Affairs K Shanmugam

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10-May-2010 11:09

Others / nightmare

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SINGAPORE
— The mandatory death penalty for serious drug offences here is a “trade-off” the Government makes to protect “thousands of lives” that may be ruined if drugs were freely available, Law Minister and Second Home Affairs Minister K Shanmugam said yesterday.

pharoah88 ( Date: 10-May-2010 11:06) Posted:

Saves ‘thousands of lives’ that may be ruined if drugs freely available: Minister

Te o Xuanwei

xuanwei@mediacorp.com.sg

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10-May-2010 11:06

Others / nightmare

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Saves ‘thousands of lives’ that may be ruined if drugs freely available: Minister

Te o Xuanwei

xuanwei@mediacorp.com.sg

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10-May-2010 10:54

Others / will my STI 2400 really comes?

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FORD says,

"If yOu think yOu WiLL, yOu WiLL"

kellychang ( Date: 06-May-2010 23:19) Posted:

well, since early this Year, i am expecting STI 2400.

see now everyday blood, everywhere blood.

i think my prediction may come true :)

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10-May-2010 10:48

Baker Technology / It's time to rebound ????

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This is report is a RED HERRING ( Red herring (idiom), a deliberate attempt to divert attention; Red herring ... )

It is a waste of TiME to listen to "Wonderers" and "Puzzlers", whO knOwn nOthing abOut the strategies of the YZJ and BT and SCM businesses, making baseless sweeping statements.

# # # #

As a potential legal battle looms, market watchers are wondering why YZJ got its hands dirty in the first place.

'We're quite puzzled about what this acquisition can do for YZJ in terms of technology transfer,' an analyst with a local house told BT. 'Even if it has a 15 per cent stake, the controlling shareholder might not want to help them.'

# # # #

shplayer ( Date: 10-May-2010 10:31) Posted:

FYI - BT 10 May

PPL situation may end up in the courts

Legal battle looms as watchers puzzle over Yangzijiang's methods and objectives

By JOYCE HOOI

THE long arm of the law may soon be exercised as Sembcorp Marine moves to block the Yangzijiang Shipbuilding (YZJ) consortium's acquisition of PPL Holdings.

As a potential legal battle looms, market watchers are wondering why YZJ got its hands dirty in the first place.

While YZJ et al's bid for a 15 per cent stake in PPL Shipyard from Baker Technology heralded access to the yard's coveted jack-up rig technology, the possibility of the purchase going through is now very much in doubt.

Even if the US$155 million deal does materialise for YZJ and its Middle Eastern partners, they will have to contend with SembMarine owning the remaining 85 per cent of the shipyard.

Given SembMarine's determination to exercise its first right of refusal and keep the yard out of a competitor's hands, YZJ can expect to find a strange and irate bedfellow as its potential partner.

'We're quite puzzled about what this acquisition can do for YZJ in terms of technology transfer,' an analyst with a local house told BT. 'Even if it has a 15 per cent stake, the controlling shareholder might not want to help them.'

Perhaps that help might not be necessary, according to another analyst who did not want to be named. 'That 15 per cent stake comes with 100 per cent management control. It could be very favourable for YZJ, whether you like it or not,' he said.

According to him, Baker Technology retained management control of the shipyard even as it sold chunks to SembMarine over the years.

How this works exactly is conjecture at this point, but industry sources think YZJ could have achieved the same objective of rig technology transfer with a lot less hand-wringing all around if it had simply bought a stake in Baker Technology itself. In that case at least, there would have been two parties and not three, both of whom would be willing.

Also baffling and intriguing in equal measure are the legal machinations at work between the carefully worded lines of SembMarine's and Baker Technology's statements.

If anything, the exchange between the companies demonstrates how two parties can come to very different conclusions after reading the same document, which now appears to rival a secondary school's interpretive dance routine in terms of ambiguity. Over the past few weeks, SembMarine has made numerous allusions to its pre-emptive rights in the shipyard's articles of association and how it will 'take the necessary steps' to enforce them.

This brings to mind rather ominous pipe organ music, but Baker Technology appears to think little of it, relegating SembMarine's objection to the very last point in a six-page announcement, saying that its board had sought and received legal advice that SembMarine has no basis for its claims.

While one can only guess at whether there was a first right of refusal clause in the beginning, the lack of any mention of it in Baker Technology's statement almost certainly points to its existence.

There is room to speculate, however, on how specific the clause is. Sources suspect the main point of contention is the formula used in making an offer price acceptable to SembMarine and Baker. SembMarine's spurned offer of $59.4 million is paltry compared with the YZJ consortium's US$155 million bid.

With that in mind, some might argue that such an offer might not be deemed a proper exercise of SembMarine's rights, depending on how the first right of refusal clause was constructed, according to lawyers consulted by BT.

On the flip-side, SembMarine could well say that YZJ's offer - at three times the shipyard's consolidated net asset value of US$51.53 million, for just a 15 per cent stake - is absurdly high. Already, analysts such as OCBC's Low Pei Han have deemed YZJ's offer 'rather generous'.

Whatever is said by SembMarine or Baker Technology in the coming weeks, industry sources are certain that one party will have to squeal 'mea culpa' in court. As one source put it: 'It's now up to the lawyers.'

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10-May-2010 10:24

Straits Times Index / STI to cross 3000 boosted by long-term investors

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"frOm bear tO bare"

i meant the bear is defeated and lost its own skin.

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10-May-2010 10:20

Genting HK USD / Star Cruise

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Norwegian Cruise Line hopes stand out with 'Epic' ship

Norwegian Cruise Line's new captain may be a landlubber, but he's getting the cruise line back on course.

BY MARTHA BRANNIGAN

mbrannigan@MiamiHerald.com

When the new Norwegian Epic hosts Macy's Fourth of July Fireworks in New York this summer, NBC-TV will broadcast the show live on prime-time national television.

It's a fitting U.S. debut for the 4,100-passenger Epic, which will be Norwegian Cruise Line's biggest and most expensive ship ever. NCL Corp., the cruise industry underdog, is betting big on glitzy entertainment to stand out from its far larger competitors, Carnival Corp. and Royal Caribbean Cruises Ltd.

``It's a perfect way to introduce the Norwegian Epic -- with its big focus on entertainment,'' says Kevin Sheehan, who in November 2008 became chief executive officer of Miami-based NCL Corp., the parent of Norwegian Cruise Line.

The $1.2-billion Epic's high-profile acts, which include the Blue Man Group, Cirque Dreams and Legends in Concert, will replace the standard fare -- two shows a night in a main theater.

That's in keeping with Norwegian's ``freestyle'' concept of cruising, which boasts of letting passengers do what they want when they want.

The balcony-laden Epic has an ice bar and radically different curve-shaped cabins. A private ``ship within a ship'' spans the top two decks with 60 suites and villas dedicated to elite guests.

The ship has 19 restaurants and an embarrassment of night spots, including Spice H2O, where a daytime pool floor will rise in the evening and morph into an adults-only dance floor with a beach-club theme.

``The Epic coming out in July will be the cruise event of the year,'' says David Brams, president of World Wide Cruises, a travel agency in Fort Lauderdale.

But the biggest star at Norwegian may be Sheehan himself.

The 56-year-old newcomer to the close-knit industry appears to be on track to do what a parade of cruise veterans before him could not: Turn a profit and steer the 43-year-old company on a viable path between giant Carnival Corp. and Royal Caribbean Cruises.

``This is a brand that, to me, really has a lot of value that has never fully been realized,'' says Sheehan, a blunt-spoken, red-headed Irishman from New York. His track record includes running the giant vehicle-services division at Cendant Corp., teaching accounting and finance at Adelphi University, and helping found Telemundo, the Spanish-language television network.

For 2009 -- perhaps the cruise industry's worst year ever -- NCL posted net income of $67.2 million. It was NCL's first profitable year since 2005.

Sheehan came on the scene at NCL as chief financial officer in November 2007 as Apollo Management became its controlling shareholder. Apollo, a New York-based private equity giant, owns 37.5 percent of NCL, but it wields voting control. The other owners are TPG, another big private equity firm, with 12.5 percent and Genting Hong Kong, formerly called Star Cruises, with 50 percent.

Sheehan had left Cendant in 2005, where he was chairman and chief executive of the vehicle services division, which included Avis and Budget rental car businesses. He'd pocketed an eight-figure severance package as the company was split up. He and his wife had bought a place in the Hamptons, and he was teaching at Adelphi and doing consulting. Henry Silverman, Cendant's former chairman and CEO whom Sheehan had worked with for more than 25 years, nudged Sheehan to explore the NCL assignment. Silverman was a consultant to Apollo and has since become its chief operating officer.

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10-May-2010 10:03

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

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yOu are RiGHT.

there is always that EQ lag On XD.

after tOmOrrOw, XD WiLL becOme histOry.

23 APRIL 2010, COSCO tOO XD fOr S$0.030

hprain ( Date: 10-May-2010 09:57) Posted:

will it due to XD for yzj?

pharoah88 ( Date: 10-May-2010 09:27) Posted:

Monday: 10 MAY 2010 9:24AM

COSCO S$1.59 +S$0.05

YZJ S$1.30 -S$0.01

GAP: +S$0.06

Out Of Sync ?

SELL COSCO BUY YZJ nOw ?

Capitalise the GAP TRADE ?

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10-May-2010 09:58

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

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fOr yOur infOrmatiOn,

if you were to buy the SAME on LAST Friday,

nOw yOu have S$0.035 CASH DIVIDEND

iN yOur AccOunt

rickyw ( Date: 07-May-2010 20:24) Posted:

I just want to survey, how many stock you have and avg price?

I just bought 15K stocks @1.31

feel will down again...

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10-May-2010 09:55

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

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YZJ WiLL reward lOyal sharehOlders whO did nOt sEll On

LAST Friday and thOse whO bOught On LAST Friday

as well as thOse whO bUy iN tOday

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10-May-2010 09:48

Straits Times Index / STI to cross 3000 boosted by long-term investors

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frOm BEAR tO BARE

warren_buffet ( Date: 10-May-2010 09:38) Posted:

I think the bears hoping to have a field this morning is very frustrated! Smiley

MARKET DOES NOT GO UP or DOWN in a straight line. We do not need to know if market will collapse, just

Buy it relatively CHEAP and sell HIGHER is the only thing that matters. Smiley

iPunter ( Date: 10-May-2010 09:25) Posted:

Yup....

The STI has already 'cheonged' ...

My confidence is returning... Smiley

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10-May-2010 09:40

Genting Sing / GenSp starts to move up again

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GOVERNMENT TALK:

DONATE OWN MONEY GENEROUSLY

PAY AND PAY FORWARD

GOVERNMENT WALK:

NEVER DONATE OWN MONEY

TAKE AND TAKE FORWARD

pharoah88 ( Date: 10-May-2010 09:14) Posted:

GOVERNMENT TALK:

POOR is HAPPY

HAPPINESS in POORNESS

GOVERNMENT WALK:

HIGHEST GOVERNMENT COMPENSATIONS

HAPPINESS in SELF ENRICHNESS

pharoah88 ( Date: 10-May-2010 09:11) Posted:

Bernanke to grads: Money can’t buy happiness

Your parents were right.

Money can't buy you Happiness.

That was the message

from the Federal Reserve chairman to

graduates of the University of South Carolina.

bE pOOr tO bE HAPPY

Federal Reserve Chairman Ben Bernanke, shown in April. "If you are ever tempted to go into a field or take a job only because the pay is high and for no other reason, be careful!" he warned graduates at the University of South Carolina.

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10-May-2010 09:33

Genting Sing / GenSp starts to move up again

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SAGE WISDOW

iPunter ( Date: 10-May-2010 09:22) Posted:

If people choose to believe in nonsense, it is their pasa...

But more people believe in untruths than truths....

This is a very sad fact of life... Smiley

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10-May-2010 09:31

Genting Sing / GenSp starts to move up again

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iT iS sO easy tO bE HAPPY

AnthonyTan ( Date: 10-May-2010 09:19) Posted:

WAPIAN,YOU MUST BE VERY SAD BECAUSE

YOU ARE RICH.

pharoah88 ( Date: 10-May-2010 09:14) Posted:

GOVERNMENT TALK:

POOR is HAPPY

HAPPINESS in POORNESS

GOVERNMENT WALK:

HIGHEST GOVERNMENT COMPENSATIONS

HAPPINESS in SELF ENRICHNESS

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10-May-2010 09:27

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

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Monday: 10 MAY 2010 9:24AM

COSCO S$1.59 +S$0.05

YZJ S$1.30 -S$0.01

GAP: +S$0.06

Out Of Sync ?

SELL COSCO BUY YZJ nOw ?

Capitalise the GAP TRADE ?

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10-May-2010 09:20

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

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Despite dOw's fall on last Friday, Asia Markets Will UPtUrn the dOwntUrn.

pharoah88 ( Date: 07-May-2010 15:40) Posted:

Last Night, WHITE KNIGHTS went to Rescue dOw and they have to stay for tonight as well ?

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10-May-2010 09:14

Genting Sing / GenSp starts to move up again

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GOVERNMENT TALK:

POOR is HAPPY

HAPPINESS in POORNESS

GOVERNMENT WALK:

HIGHEST GOVERNMENT COMPENSATIONS

HAPPINESS in SELF ENRICHNESS

pharoah88 ( Date: 10-May-2010 09:11) Posted:

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10-May-2010 09:11

Genting Sing / GenSp starts to move up again

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10-May-2010 08:47

Others / DOW

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GOVERNMENT TALK:

POOR is HAPPY

HAPPINESS in POORNESS

GOVERNMENT WALK:

HIGHEST GOVERNMENT COMPENSATIONS

HAPPINESS in SELF ENRICHNESS

pharoah88 ( Date: 10-May-2010 08:37) Posted:

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10-May-2010 08:46

Others / DOW & STI

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GOVERNMENT TALK:

POOR is HAPPY

HAPPINESS in POORNESS

GOVERNMENT WALK:

HIGHEST GOVERNMENT COMPENSATIONS

HAPPINESS in SELF ENRICHNESS

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