Latest Posts By pharoah88
- Supreme
About pharoah88
|
|
| 15-Jul-2011 14:44 |
User Research/Opinions
/
your biggest worries?
 Go to Message
|
|||||||||||||
 x 0
 x 0
|
Time for action on home loan rates? COMMENTARY COLIN TAN property@mediacorp.com.sg Home loan rates are back in the news. In the latest move to maintain loan volumes in an uncertain market, at least two Singapore banks have reportedly been dangling some of the lowest rates, currently pegged at about 0.2 per cent to market benchmarks, on selected properties. The offered mortgage rates are pegged against two commonly used benchmark interest rates. These are the Singapore interbank lending rate (Sibor) and the swap offer rate (SOR). The three month Singapore dollar Sibor has been at a record low of 0.438 per cent since January, while the three-month SOR has moved between 0.189 and 0.3 per cent since April. It now stands at 0.21 per cent. The fact that these deals have not been offered to the rest of the market yet and with the marketing kept low-profile, suggests that the banks themselves recognise that it would be counter-productive to engage in an open mortgage war at this time. However, it may not be too long before this happens, given the global economic situation where at a recent meeting of the United States Federal Reserve, policymakers discussed “Quantitative Easing Three”. And Fed chairman Ben Bernanke said on Wednesday that further stimulus might be needed to help the US recovery. Quantitative easing is a tool to try to revive the US economy by expanding the money supply via huge purchases of government bonds. If this happens, foreign investors are likely to head back to our region in a big way as they switch out of developed markets, such as the US and Europe, which have recently been spooked by concerns of slowing growth. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 14:33 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
India inflation rises, rate hike likely this month NEW DELHI The wholesale price index rose 9.44 per cent last month from a year earlier, quicker than May’s 9.06-per-cent increase but well below consensus market expectations of a 9.70-per-cent rise. The government also sharply raised April’s inflation reading to 9.74 per cent from a provisional 8.66 per cent. Final readings for most older data are being revised higher, raising worries that inflation may in fact already have entered the double digits. Persistent inflation is likely to push the Reserve Bank of India (RBI) to continue tightening monetary policy, even if that slows economic growth in the short term. “If need be, we will live with slightly lower growth in order to have sustained long-run growth,” India’s Chief Economic Adviser Kaushik Basu said. “Inflation needs to be controlled, there are no two ways about that.” Mr Basu said inflation will remain high in the next few months before beginning a slow decline. He expects the inflation rate to decline to slightly more than 6 per cent by the time the fiscal year ends in March. Most economists expect the RBI to raise its policy rate by 50 to 75 basis points by March, including a 25 basis-point increase at its next meeting on July 26. The policy rate now stands at 7.50 per cent.
|
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 14:25 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
Forged cert: No jail but she has to pay fine SINGAPORE Pan Hongling, 25, was fined the maximum S$15,000 after the Chief Justice allowed her appeal. She represented herself in the appeal hearing and argued it was her employment agent who handed her an accountancy diploma for her S Pass application. Mid-level skilled foreigners — for example, technicians — may apply for an S Pass to work here. Pan signed the application form, which was submitted to the Ministry of Manpower (MOM), declaring that the particulars of the forged academic certificate were accurate. But subsequent verification with the Dalian University in China revealed that the academic certificate was forged and Pan had not graduated from it. — A Chinese national, who forged her university certificate in her employment application, yesterday escaped the benchmark four-week jail sentence for such crimes. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 14:16 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
George Yeo to join think-tank as a Visiting Scholar Former Foreign Affairs Minister George Yeo will join the Lee Kuan Yew School of Public Policy (LKYSPP ) as a Visiting Scholar for a three-year term starting next month. Mr Yeo, who was defeated in the recent General Election, will be involved in a teaching capacity. He will share his experience and insights into world affairs and governance. The school said he will not receive remuneration for his appointment. “Students and faculty members in the know have reacted to the news positively and enthusiastically ... Mr Yeo is a globally respected individual. His experience in Government and politics will be invaluable to the current and aspiring leaders and policymakers who make up the student body of our school and also to our faculty who are conducting research on political leadership and policy-making,” said a spokesperson for the think-tank. IMEL DA SAA D |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 13:45 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
O N L Y 23 firms went the extra
|
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 13:38 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
[WHY nO COnsIderAtIOn is gIven to cItIzen's savIng depOsIt Interest rAte's nOrmal ecOnOmIc retUrns ? ? ? ?] | |||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 13:23 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
Limit transport providers instead Letter from Kelvin Seah Kah Cheng I refer to SMRT’s and SBS Transit’s recent application to the Public Transport Council to adjust fares and the letter by Wee Jun Jie Aaron “How is fare hike justified when …” (July 14 ). It is unfortunate that commuters now face the prospect of higher bus and rail fares given SMRT’s and SBS Transit’s recent applications. While both operators cited cost like rising manpower cost [# ENSURE that there is only ONE GENERAL and NOT MORE # ] and fuel prices as reasons for the proposed adjustments, some such as Workers’ Party MP Gerald Giam have questioned the need for the fare hikes in light of both operators’ healthy profits in the last financial year. While determining whether these profits represent a normal rate of return in economic terms [WHY nO COnsIderAtIOn is gIven to cItIzen's savIng depOsIt Interest rAte nOrmal ecOnOmIc retUrns ? ? ? ?] is debatable, what is certain is that the structure of public transport system is in need of some reform. One measure that has been suggested is to nationalise public transport by setting up a National Transport Association to oversee and run major transport services. Rather than driven by profit, it has been proposed that such an association operate under a cost-recovery basis. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 13:14 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
The start-up of you Why today’s graduates have to approach career strategy the way an entrepreneur goes about a start-up Whatever you may be thinking when you apply for a job today, you can be sure the employer is asking this: Can this person add value every hour, every day — more than a worker in India, a robot or a computer? Can he or she help my company adapt by not only doing the job today but also reinventing the job for tomorrow? And can he or she adapt with all the change, so my company can adapt and export more into the fastest-growing global markets? |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 12:53 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
WHY ? offspring of top provincial officials NEVER gOt OUt tO becOme entrepreUrs by themselves ? ? ? ? |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 12:50 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
Social explosion ahead in Russia? A frustrated younger generation unable to get ahead spells possible crisis — like in the USSR’s final days Charles Clover " Russia needs more successful young entrepreneurs, therefore, governors should have more children!” At first it may seem a non-sequitur. But in Russia the joke is obvious, cutting to the heart of a growing source of discontent among the young: Routes to professional success are fewer and fewer, while the offspring of top provincial officials and the like do well. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 12:41 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
From Italy to the US, it’s utopia vs reality These are dangerous times. The US may be on the verge of making among the biggest and least-necessary financial mistakes in world history. The euro zone might be on the verge of a fiscal-cum-financial crisis that destroys not just the solvency of important countries but even the currency union and, at worst, much of the European project. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 12:35 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
In a rare appearance at the House of Commons on Wednesday, former British Prime Minister Gordon Brown broke his silence with a righteous fury, launching a sustained attack on Mr Rupert Murdoch’s newspapers and their actions. As Prime Minister, he wanted a “full, judge-led inquiry” into phone hacking and the rest, as long ago as 2009, he said. Yet he was prevented from ordering such an inquiry by the police, the Home Office and the civil service, he claimed. Mr Brown spoke out against the News Corp founder and his besieged clan, accusing them of systematic criminality, collusion with “the underworld” and the abuse of the vulnerable. “In their behaviour towards those without a voice of their own, News International descended from the gutter to the sewer,” he declared, speaking for more than half an hour to a packed House of Commons. “The tragedy is that they let the rats out of the sewer.” Journalists and others working for Mr Murdoch hacked into phones, “blagged” financial records, infiltrated email accounts, invaded privacy, violated trust and exploited grief, he said. “Many, many wholly innocent men, women and children who at their darkest hour, at the most vulnerable moment of their lives, with no one and nowhere to turn, found their properly private lives, their private losses, their private sorrows, treated as the public property of News International,” he said. “Their private and innermost feelings and their private tears were bought and sold by News International for commercial gain.” Mr Brown and his family were among the victims, he said, referring to claims — strongly disputed — that
|
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 12:24 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
The journalist who brought
The Guardian That’s what all journalists want to expose, isn’t it? News of the World |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 11:57 |
Genting Sing
/
GenSp starts to move up again
Go to Message
|
|||||||||||||
|
x 0
x 0
|
USA : U.S. casinos find big money still in Macau: MarketWatch By Drew FitzGerald TAKING THE PULSE: Rising visitor numbers, fatter margins and a series of mostly positive decisions from government regulators are expected to boost big casino operators' earnings this quarter, adding momentum to the year's rebound. Those companies with operations in Asia are seen performing especially well as Chinese regulators ease some restrictions on visitors to Macau. Higher revenue from U.S. resorts and casinos depends on a shaky economic recovery, however, which could spell trouble for some operators. Susquehanna says Las Vegas' recovery has slowed dramatically as its busiest convention season ends and the city becomes more dependent on the leisure market, making holdings outside the gambling hub all the more important to companies' results. Wynn Resorts Ltd Wall Street Expectations: Analysts expect earnings of 99 cents a share on $1.26 billion in revenue. A year earlier, the company earned 42 cents a share, or 52 cents excluding write-downs, on revenue of $1.03 billion. Key Issues: Despite fierce competition, Wynn continues to cash in on its booming business in Macau, the Chinese gambling Mecca that reported a 52% jump in June gambling revenue compared with a year ago. Fitch Ratings last week upgraded the luxury casino resort operator, citing the Chinese special administrative region as a key strength. In Las Vegas, Wynn's casino also seems to be pulling ahead of its major competitors as convention visitors return in larger numbers. Penn National Gaming Inc Wall Street Expectations: Analysts polled by Thomson Reuters expect a per-share profit of 47 cents with $687 million in revenue. A year earlier, the company reported a per-share profit of 9 cents, or 29 cents excluding items such as asset write-downs, on $598.3 million in revenue. Key Issues: The operator of casinos and horse racetracks in the eastern U.S. has seen its revenue improve lately as consumer spending stabilizes. The company reached an agreement to end litigation with state authorities in Ohio over one of two planned casinos there, while analysts have praised a joint venture with auto racetrack operator International Speedway Corp. (ISCA, ISCB) in Kansas City. Moody's Investors Service last month raised its credit outlook for the company to positive, saying it expects Penn will continue to perform well relative to its competitors. Las Vegas Sands Corp Wall Street Expectations: The consensus calls for 44 cents a share in earnings and $2.21 billion in revenue. Including the impact from preferred dividends, Sands posted a penny-per-share loss a year ago--a profit of 17 cents excluding preopening costs and other impacts--with revenue minus certain promotional allowances at $1.59 billion. Key Issues: Despite its name, the company already generates most of its revenue in Asia. Sterne Agee says the chain's new casino in Macau's highly desirable Cotai area " should instantly leverage the largest existing mass gaming database in Macau" and turn day-trippers to overnighters with affordable hotel rooms, which are in short supply there. Results have also benefited from improving performance at Las Vegas Sands' Marina Bay Sands resort. Boyd Gaming Corp Wall Street Expectations: The Street sees a per-share profit of 2 cents and $579 million in revenue. A year earlier, the company earned 4 cents a share, or 5 cents excluding items, on $578.5 million in revenue. Key Issues: Boyd has struggled amid an uneven economic recovery in the U.S. as revenue remains soft in Las Vegas. One of Sin City's oldest gambling companies, the geographically diverse casino operator has benefited in recent quarters from its half stake in the Borgata in Atlantic City, N.J. A $288 million deal for a Mississippi resort and spa is expected to further bolster the company's top line in the long run, but it could add to its already burdensome costs in its fiscal second quarter. MGM Resorts Intl Wall Street Expectations: Analysts polled by Thomson Reuters expect a loss of 13 cents a share on $1.59 billion in revenue. The company posted a year-earlier loss of $2 a share--35 cents excluding write-downs--and $1.54 billion in revenue. Key Issues: Earnings will benefit from a recently launched joint venture in Macau with Pansy Ho, the daughter of local gambling tycoon Stanley, after an agreement reached earlier this year. Morgan Stanley also sees the company benefiting from improving leisure trends at its properties in Las Vegas, but it will take time for adjusted earnings to return to peak levels. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 11:52 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
WASHINGTON (MarketWatch) — Now isn’t the time to launch a new round of economic stimulus, Federal Reserve Chairman Ben Bernanke said Thursday, just a day after telling lawmakers that such an option could be available.
“We are not prepared at this point to take further action,” Bernanke told the Senate Banking Committee, in the second of two days of testimony to Congress on monetary policy. Bernanke’s clarification took all of the steam out of the stock market, with the S& P 500 /quotes/zigman/3870025 SPX -0.28% and other equity benchmarks sliding well into the red after having opened on a bullish note. Read more about U.S. stocks in Market Snapshot. The top U.S. central banker said the Fed wants to see whether conditions improve in such a way that it would make its forecast of 3.5% economic growth over the next 18 months a realistic possibility. THE FED | Expanded Fed coverage Click to Play |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 11:39 |
Ezra
/
Ezra
Go to Message
|
|||||||||||||
|
x 0
x 0
|
Ezra's 9M11 core net profit of US$27.7m (-50% yoy) formed only 37% and 41% of our FY11 forecast and consensus. The shortfall stems from 1) US$10m losses from AMC, 2) lower-than-expected gross margins in offshore support, 3) higher-than-expected interest expenses and 4) lower-than-expected earnings from EOCL. We cut our earnings by 5-38% for FY11-13% factoring the weak quarter and reduced TP to S$1.80 (from S$2.44). Despite the earnings disappointment, we keep our OUTPERFORM recommendation as we believe the worst could be over for AMC on the back of improved integration, stronger projects execution and sizeable contract wins in the near-term. Catalysts should come from stronger order wins and earnings recovery. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 11:31 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
ENLIGHTENMENT
|
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 11:15 |
YZJ Shipbldg SGD
/
Cruising with the ship ..Yangzijiang
Go to Message
|
|||||||||||||
|
x 0
x 0
|
What is wrOng wIth thIs yOUng lAdy ? ? ? ? | |||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 11:09 |
User Research/Opinions
/
******** GENTING ******* BERHAD ********
Go to Message
|
|||||||||||||
|
x 0
x 0
|
Top Story: Genting Plantation – Rebound in FFB production offset by weaker CPO prices Market Perform Visit Note ¨ Six key takeaways: 1) Rebound in FFB production 2) Minimal forward sales done 3) No significant labour shortage currently, not following Sime to raise wages yet 4) Likely to bring in JV partner to produce high-end downstream products? 5) Property launches accelerating in Johor and 6) Chelsea Premium Outlets could add 1-2% to FY12’s net profit, based on conservative estimates. |
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| 15-Jul-2011 11:08 |
User Research/Opinions
/
your biggest worries?
Go to Message
|
|||||||||||||
|
x 0
x 0
|
Top Story: Genting Plantation – Rebound in FFB production offset by weaker CPO prices Market Perform Visit Note ¨ Six key takeaways: 1) Rebound in FFB production 2) Minimal forward sales done 3) No significant labour shortage currently, not following Sime to raise wages yet 4) Likely to bring in JV partner to produce high-end downstream products? 5) Property launches accelerating in Johor and 6) Chelsea Premium Outlets could add 1-2% to FY12’s net profit, based on conservative estimates.
|
|||||||||||||
| Good Post Bad Post | ||||||||||||||
| First < Newer 1061-1080 of 13894 Older> Last |