Latest Posts By pharoah88
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| 09-Sep-2011 12:15 |
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SAGA ENLIGHTENMENT SAGA VOCABULARY #### UNEARNED MONEY and / Or UNEARNED WEALTH #### HOW to EARN " UNEARNED MONEY" ? ? ? ? WHO can REAP " UNEARNED WEATH" ? ? ? ?
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| 09-Sep-2011 12:08 |
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More willing to think about death Ng Jing Yn g SINGAPORE While only 500 signed up for an Advanced Medical Directive (AMD) each year between 1997 to 2004, the figure has jumped nearly fourfold to 1,900 a year in the subsequent years to 2010. Current numbers stand at 14,000 and seven have been administered, according to the MOH. An MOH spokesperson attributed the growing acceptance to how end-of-life care has developed “from a single intervention at the point of terminal illness to a more holistic and comprehensive approach of advance care planning”. The AMD, which was legislated in 1997, is a legal document voluntarily signed by patients. The possibility of signing such a document can come up when patients discuss with medical professionals their future medical care in the event the patient becomes incapacitated from making his own decisions — a process called advance care planning. Euthanasia (from the Greek ε ὐ θ α ν α σ ί α meaning " good death" : ε ὖ , eu (well or good) + θ ά ν α τ ο ς , thanatos (death)) refers to the practice of intentionally ending a life to relieve pain and suffering. Is Advanced Medical Directive (AMD) the SAME as LEGALISED ADVANCED EUTHANASIA [LAE]— Death may still be a relatively taboo topic in Singapore, but statistics from the Health Ministry (MOH) show that more people are warming up to the idea of signing a “living will”, instructing doctors not to prolong their life with extraordinary life-sustaining treatment if they become terminally-ill and unconscious. |
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| 09-Sep-2011 11:59 |
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Fair pricing for data usage? Letter from Ng Sok Eng AN EXISTING telecommunications industry practice has come to my attention — one that I think is unfair. While I agree that pay-as-you-use data services for mobile phones should be more expensive than data plans, the difference is too great. For instance, mobile operator M1 charges 10 cents per 10kB of local data usage. This translates to S$120,000 for 12GB of local data usage. Compare this with a minimum data plan of S$36 monthly, which comes with 12GB of data free. I can understand if the difference was three-fold, maybe even 10 times as expensive. But 3,300 times, just because it is purchased a-la-carte and not as a package? I cannot think of an equivalent pricing method in any industry for the same product or service. Imagine taking the bus and paying S$3,300 in cash instead of S$1 via the ez-link card. In a truly competitive market, would there be such a practice? Is this pricing method reasonable or ethical or a case of price collusion in an oligopolistic industry? Would the Infocomm Development Authority or the Consumers Association of Singapore endorse this practice? It is important to do the right thing and not what one can get away with. The consumer should have a choice to use data without a plan. |
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| 09-Sep-2011 11:52 |
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S’poreans’ greatest travel woe: Start-stop traffic NG JING YNG SINGAPORE — Commuters here say that slow-moving traffic is their greatest travel woe, according to an annual survey which tracks driver sentiments around the world. |
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| 09-Sep-2011 11:47 |
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Our security is a state of mind Singapore is physically more secure now than it was 10 years ago — but complacency, ideology are a danger |
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| 09-Sep-2011 11:40 |
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Less affordable housing = Fewer babies? |
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| 09-Sep-2011 11:29 |
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PAP must ‘strengthen and reinvent’ itself: PM SINGAPORE
Singaporeans want to be engaged in shaping our future, and want the Government to be more responsive to their immediate concerns. There is much that we must do. |
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| 07-Sep-2011 11:58 |
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S-REITS RISK PROFILE CHANGES
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CapitaLand announced after market close yesterday that it bought back 1.5mn shares (0.035% of issued shares capital), its first ever share buy-back exercise. The shares were bought at an average price of $2.435 for a total consideration of $3.66mn. Small but important Business Times quoted Macquarie analyst Tuck Yin Soong saying that the buy back is a ‘small, but important move’ to signal the attractiveness of CapitaLand’s current share price. Tuck added that “We think further share buybacks will provide support to its share price. Longer term, we do not rule out other capital management initiatives, such as lifting the dividend per share when CapitaLand reports its full-year FY2011 results next February.“ Discounted value CapitaLand shares are currently trading around 25% discount to its $3.29 book value as at 30 June 2011 and 55% discount to Macquarie Equities Research’s (MER) RNAV of $5.43. MER has an Outperform* rating on CapitaLand with a target price of $4.34. * MER report dated 4 Aug 2011 |
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| 07-Sep-2011 10:06 |
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SOVERIGN # DEBT # RATINGS
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Wall Street tanks on European fears Wall Street slumped in early trade yesterday on fears that the euro zone’s debt crisis was worsening and worries that the United States was sliding back into a recession after last Friday’s data showed the world’s largest economy created no net new jobs in August. About 90 minutes after the opening bell, the Dow Jones Industrial Average was down 280 points, or 2.5 per cent, to 10,959, as trading resumed after the long US Labor Day weekend. The broader Standard & Poor’s 500 Index lost 30.45 points, or 2.6 per cent, to 1,143.52. “Europe’s problems are our problems … We have a euro zone that is an apoplectic frenzy of just trying to right the ship,” said Mr Peter Kenny, managing director at Knight Capital in New Jersey. In Asia, China’s Shanghai Composite yesterday lost 0.3 per cent, extending recent steep losses to hit a 13-month closing low, while Japan’s Nikkei average slid 2.2 per cent to touch a 30-month closing low. In Europe, the Euro Stoxx 50 Index slid 1.2 per cent in late trade to register a 8.6 per cent slide over the previous two days, the biggest drop since October 2008.
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| 07-Sep-2011 10:03 |
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World Bank chief warns of ‘a dangerous period’ SINGAPORE His comments came at a particularly devastating time for markets, where major stock indexes are reeling from repeated waves of selling. Singapore’s Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam was even grimmer than Mr Zoellick, saying yesterday that a global recession would be more likely than not, with the US and European economies at “stall speed”. And Mr Tharman warned that Singapore’s economy could be hit. “In the short-term we’re not going to be immune to a slowdown of the major drivers of the global economy,” Mr Tharman added. Separately, in an interview with But in a news conference earlier in the day, he said: “I don’t believe the US and the world will go into a double dip.” A double-dip recession refers to economic contraction followed by a short-lived recovery that is followed by another recession. Acknowledging that there were “high degrees of uncertainty”, Mr Zoellick said: “I think that in the case of the US economy we’re likely to see an ongoing slow growth, ongoing high unemployment.” US leaders should tackle reforming the tax code in the world’s biggest economy and should be more aggressive in negotiating trade deals, Mr Zoellick said. But he made a distinction between those long-term concerns and the crisis Europe is currently facing, warning that European leaders must urgently address risks to euro zone sovereign debt. “Europe has reached a point where I think the challenges for its leadership are more imminent. In the US, I don’t mean to suggest these problems can be deferred forever, but they’re not quite as market sensitive,” he said. Mr Zoellick said bond buying by the European Central Bank can buy time, but fundamental changes are needed to get Europe’s cash-strapped economies on a sound footing. — With the global economic outlook increasingly grim and markets showing heightened volatility, World Bank chief Robert Zoellick warned yesterday that the world was heading into a “dangerous period”, although he said he did not believe the United States and the world would lapse back into recession.Bloomberg TV yesterday, Mr Zoellick said: “We are moving into a dangerous period.” He was in Singapore for the third World Bank-Singapore Infrastructure Finance Summit and to open a World Bank centre to support development projects throughout the region. |
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| 06-Sep-2011 11:23 |
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CORPORATES are nOw wOrkIng fOr DEBTORS [Preference Shares / Bonds] rather than SharehOlders ? ? ? ? whO pAy theIr sAlArIes |
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| 06-Sep-2011 11:19 |
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Sembcorp Marine: Underpinned by still-strong fundamentals Summary: Aug will be marked as the month in 2011 when heightened risk aversion in equity markets drove prices down, impacting high-beta stocks such as Sembcorp Marine (SMM). Though the fall in SMM’s share price is understandable with the negative market sentiment and correction in oil prices, the stock looks over-sold at current levels. Though there is no escaping the cyclical macro downtrend, the main driver of the offshore oil and gas industry still boils down to the level of oil price which is still hovering above the US$75/bbl threshold that will sustain most capital expenditure in deeper water projects. Recent comments from SMM’s key customers have also been encouraging. However, with the unfavourable macro set-up for cyclicals, we have lowered our peg for SMM’s operations (ex- Cosco) to 14x blended FY11/12F earnings (prev. 16x) and updated the market value of Cosco Corp, hence reducing our fair value estimate to S$5.70 (prev. S$6.30). Maintain BUY. (Low Pei Han) Ezra Holdings: May issue perpetual capital securities Summary: Ezra Holdings (Ezra) announced that it is considering an issue of SGD denominated perpetual capital securities. Further details (if any) will be released at a later date. This comes on the heels of Hyflux’s successful perpetual preference shares offering this year recall that Ezion Holdings also announced in Aug its intention to issue SGD denominated perpetual capital securities. The issue of such a hybrid security may be non-dilutive to existing ordinary shareholders, but pending further details, we put our BUY rating and fair value estimate of S$1.87 under review. (Low Pei Han)
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| 06-Sep-2011 10:59 |
Straits Times Index
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News Update!
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TRUE PEOPLE's PRESIDENT
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| 06-Sep-2011 10:56 |
COSCO SHP SG
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CoscoCorp
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W H Y ?
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| 06-Sep-2011 10:47 |
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Temasek ploughs S$3.4b more into China bank HONG KONG Temasek bought 4.4 billion shares in CCB at HK$4.94 each on Aug 29, according to the bank’s filing with the Hong Kong exchange. The filing did not say who Temasek bought the shares from but a person familiar with the situation said these shares were part of those sold by Bank of America (BofA) that day. — Singapore investment company Temasek Holdings has invested a further HK$21.7 billion (S$3.4 billion) into China Construction Bank (CCB), raising its stake to 8.1 per cent from 6.3 per cent of the bank’s Hong Kong-listed shares, according to a regulatory filing yesterday. |
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| 06-Sep-2011 10:24 |
Genting HK USD
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Genting HK US$
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The Philippines awarded four licences in 2008 and 2009 to operate casinos in a gambling and entertainment complex the government plans to build in Manila. The Philippines is seeking to accelerate construction as bettors in Asia fuel casino growth in Singapore and Macau. Casino gambling revenue in Macau was four times that of the Las Vegas Strip last year and has grown 47 per cent this year to 173 billion patacas (S$26.5 billion). “The government’s strategy of bringing in key investors is good as it creates a critical mass,” Mr Leo Venezuela, a Manila-based analyst at CLSA Asia-Pacific Markets, said yesterday. “You can’t just have one or two players and call it a gaming centre. You have to have a handful to provide variety and a more dynamic industry.” Each Philippine licensee agreed to invest US$1 billion over five years, Mr Naguiat said, identifying three of them as a venture of Genting Malaysia, Philippine property developer Belle Corp and Philippine ports magnate Enrique Razon’s Bloombury Investments Holding. |
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| 06-Sep-2011 10:18 |
Genting HK USD
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Australia-Macau joint venture may invest S$1.2 billion in Manila casino
MANILA
“Discussions are still ongoing” with Melco Crown Entertainment, the casino venture of Mr Packer and Mr Ho, said Mr Cristino Naguiat, chairman of the Philippine Amusement and Gaming Corp (PAGCOR), the state-owned casino operator and regulator. “I think they’re serious,” he added.
Mr Naguiat spoke in a Sept 2 interview in Shanghai, where he accompanied President Benigno Aquino on his five-day state visit to China.
Unlike Singapore and Macau, the Philippines has other attractions. Tourists can go to other destinations apart from casinos.
Aside from that, it’s strategically located in Asia. It’s a short flight from North and South Asia. |
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| 06-Sep-2011 09:55 |
Sheng Siong
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Sheng Siong
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STI EMPTY VESSEL MAKES MOST NOISE |
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| 06-Sep-2011 09:53 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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whEn wOrld ecOnOmy Is In rEcEssIOn OIL & GAS sEctOr wIll DIE flAt flAt ? ? ? ?
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| 06-Sep-2011 09:23 |
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DIVIDED GREED & HUNGER
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