|
Back
 x 0
 x 0
|
Seagate GoFlex Satellite& trade Mobile Wireless Storage
This hassle-free and light-weight external hard disk by Seagate is perfect for anyone is consistantly on-the-go. The GoFlex Satellite mobile wireless storage is compatible with your iPad or Android tablets/smartphones. With 500GB space and up to five hours of battery life with one charge, it allows wireless access to all your media, including movies, photos, music and documents.
Or, you can think of it this way: you can wirelessly stream approximately 300 HD movies to three Wi-Fi enabled devices at one time from this external hard drive.
Price: US$199.99 (500 GB)
|
|
Good Post
Bad Post
|
x 0
x 0
|
Western Digital My Book Essential
My Book Essential is the world's top selling hard drive, and is now quipped with both USB 2.0 and USB 3.0 connectivity for universal compatibility.
With WD SmartWare backup software, everytime you change or save a new file, add new photos or other media, it will be instantly backed up. That means you'll always have two copies of your files at all times no chance of losing your important files to a fluke of bad tech luck. Password encryption is also available.
Price: US$199.99 (3TB)
|
|
Good Post
Bad Post
|
x 0
x 0
|
Samsung M2 Series External Hard Drive
Coming in up to a 1TB capacity, the super-sized Samsung M2 external drives are practical and portable (though not wireless) and come with USB 3.0 connectivity supported, increasing data transfer rate is increased by up to 10 times that from USB 2.0.
Works best as a fuss-free travel and work companion, purely for storage purpose.
Price: US$79 (500GB)
|
|
Good Post
Bad Post
|
x 0
x 0
|
Hitachi LifeStudio Mobile Plus
The LifeStudio Mobile Plus external drive works both as an external hard drive as well as a thumb-drive while you are on the go - you can thank its 4GB auto-sync USB key for that flexibility.
The LifeStudio Mobile Plus automatically finds and organizes your files in one location, and allows easy photo posting to Facebook, Flickr and Picasa. You can also access your files from any computer or smartphone using an Internet browser, or share with others by sending a web link.
The automatic local and online backup provides two levels of protection to your digital content - ensuring that your digital memories don't disappear at the whim of a slipped coffee cup.
Price: US$239 (2TB)
|
|
Good Post
Bad Post
|
x 0
x 0
|
U.S. stocks soared Thursday, with the Dow Jones Industrial Average closing with a 400-plus point change for a fourth day, a first for the average. This continues Wall Street’s craziest week since 2008, after a drop in first-time jobless claims calmed nerves about the economy. In an encouraging sign for the U.S. economy, the number of people who applied for unemployment benefits dropped by 7,000 last week to a seasonally adjusted 395,000, the Labor Department said Wednesday.
After rising as much as 558.96 points, the Dow Jones Industrial Average ended up 423.37 points to 11,143.31, or 4% higher. The blue-chip index is now off 2.6% for the week, after four days of closing up or down 400 points or more. The S& P 500 Index gained 51.88 points, or 4.6%, to 1,172.64, with financials leading the rise, which included all 10 of its industry groups. The Nasdaq Composite Index added 111.63 points, or 4.7%, to 2,492.68.
Gold futures settled lower Thursday, snapping a three-day winning streak that took the metal above $1,800 an ounce, after the main metals exchange operator increased the money needed to trade gold futures contracts. Gold for December delivery declined $32.80, or 1.8%, to end at $1,751.50 an ounce on the Comex division of the New York Mercantile Exchange. It traded as low as $1,753.50 an ounce and as high as $1,817.60 an ounce earlier.
Crude-oil futures rallied 3.4% Thursday. Crude for September delivery advanced $2.83 to settle at $85.72 a barrel on the New York Mercantile Exchange, oil’s best finish in nearly a week. Prices rose 4.5% in the previous session after settling earlier this week at their lowest in nearly a year.
France, Italy, Belgium and Spain will impose new bans on short-selling or short positions beginning Friday, the European Securities and Marketing Authority said in a statement late Thursday. The measures come to " restrict the benefits that can be achieved from spreading false rumours" given the recent volatility in European markets in recent weeks, ESMA said.
Several big U.S. banks said Thursday they are carefully watching the situation in Europe, but so far their dealings with France in particular remain " business as usual." In fact, according to filings, some U.S. banks in the first half of the year had actually increased their exposure to France and its banks. The spiralling European debt crisis moved into a new phase recently as France faced a possible downgrade from its triple-A rating, and as rumours swirled about the health of its banks - rumours that were denied by the banks.
| US Markets |
Index Level
|
Value Change
|
% Change
|
Futures Value
|
Value Change
|
% Change
|
| Dow Jones |
11,143.30
|
423.37
|
+3.95%
|
11,066.00
|
-18.00
|
-0.16%
|
| NASDAQ* |
2,492.68
|
111.63
|
+4.69%
|
2,155.75
|
-2.25
|
-0.10%
|
| S& P 500 |
1,172.64
|
51.88
|
+4.63%
|
1,165.90
|
-2.30
|
-0.20%
|
* refers to NASDAQ composite which consists of all stocks in NASDAQ. Futures value only for NASDAQ 100.
| EU Markets |
Index Level
|
Value Change
|
% Change
|
| FTSE 100 |
5,162.83
|
155.67
|
+3.11%
|
| CAC |
3,089.66
|
86.67
|
+2.89%
|
| DAX |
5,797.66
|
184.24
|
+3.28%
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
11 August 2011
AusGroup Limited subsidiary AGC Industries Pty Ltd (‘AGC’) a leading Australian based fabrication, construction and integrated services company, announces today that it has been selected by Karara Mining Limited as their preferred supplier for the structural mechanical piping (SMP) works on the Karara Iron Ore Project located in the mid-west region of Western Australia.
Following the award of the Early Works Contract in March 2011, AGC will continue to support Karara Mining as it enters peak construction in the lead up to the first shipment of magnetite concentrate scheduled for June 2012.
The adoption of an integrated team approach will ensure both Karara Mining and AGC work together to deliver the best possible result.
“We have a strong working relationship with AGC and are confident that this partnership will enable us to draw on the best from both teams allowing us to complete construction of the Karara Concentrator on time and within budget.” Said Mr Tim Netscher, Gindalbie’s Managing Director.
Stuart Kenny, CEO and Managing Director for AGC added: “This announcement demonstrates the successful relationship between AGC and Karara Mining. I am delighted that our track record of delivering safely and consistently in the development of the world-class Karara magnetite deposit has been recognised.”
To date, AGC have successfully delivered 80% of the Early Works contract, proving our exceptional commitment to Karara and the ongoing delivery of the project. AGC currently have a workforce of 60 onsite at Karara with the potential to increase to approximately 400 in peak SMP activities.
Continue reading the joint announcement issued by Gindalbie Metals Limited (ASX: GBG) in the attached supplement titled ‘Karara joins forces with AGC for major construction contract’.
|
|
Good Post
Bad Post
|
x 0
x 0
|
Unexpected Iskandar effect?
Malaysia’s ambitious Iskandar development in southern Johor may just have an unexpected spinoff effect that could eventually help ease Singapore’s property market woes and ease its labour issues.
Mr Tan Ting Min, an analyst at Credit Suisse, said that, currently, the land price arbitrage between Singapore and Johor is 1:16.
“How quickly this land price arbitrage narrows depends very much on how quickly Singaporeans adopt the idea of moving their manufacturing bases to Johor,” he added.
Already, Singapore has invested about US$153 million into the services, education and health sector of the Iskandar Malaysia development.
Further down the line, this is expected to have a positive impact on the Singapore economy.
CIMB Research economist Song Seng Wun said: “If we have at our doorstep an increased pool of qualified knowledge base labour force, we may be able to tap on that pool, bring them to Singapore and add to Singapore’s productivity growth prospect going forward.”
He added that Johor has become “a much more viable option” as a result of the improved communication and logistics network for Singaporeans to base themselves either for home or for business.
But any significant migration to Johor is not expected soon.
“I think we are realistically talking about something that is still in the works, perhaps a decade or more before we can really talk about Johor as a real hinterland,” added Mr Song.
Mr Vishal Sharma, a partner in corporate finance at KPMG, added: “I think in terms of the land price arbitrage I expect that you would see the Iskander land prices going up. I don’t particularly envisage that the Singapore land prices are going to come down so the arbitrage will narrow but I don’t think that it is ever going to go away.”
RACHEL
|
|
Good Post
Bad Post
|
x 0
x 0
|
Temasek ‘may sell Chandra Asri stake’
SINGAPORE
Thailand’s Siam Cement and PTT Chemical are among companies that have expressed interest in buying Temasek’s 22.9 per cent holding, said the people, who declined to be identified because the talks are private. The stake is valued at about 2.2 trillion rupiah (S$313 million) based on Chandra Asri’s market capitalisation, data compiled by
Chandra Asri Petrochemical was formed this year through the merger of PT Chandra Asri and PT Tri Polyta Indonesia. Temasek owns shares through its Apleton Investment unit and has held a minority stake in Chandra Asri since 2006.
Jakarta-based PT Barito Pacific owns 71.9 per cent of the stock.
Shares of Chandra Asri have dropped by 24 per cent in the past two months, cutting its market value to 9.4 trillion rupiah.
Ms Serena Khoo, a Temasek spokeswoman, declined to comment on its shareholding in Chandra Asri or on any plans to sell a stake. Officials at Siam Cement and PTT Chemical declined to comment on the talks.
Chandra Asri supplies ethylene to Indonesian chemical companies and overseas buyers. It also manufactures polypropylene resins, which are used in various plastic packaging applications with the products marketed under the brand name Trilene.
— Temasek Holdings, Singapore’s state-owned investment company, is considering selling its stake in Indonesia’s PT Chandra Asri Petrochemical, five people with knowledge of the matter said.Bloomberg show.Bloomberg
|
|
Good Post
Bad Post
|
x 0
x 0
|
MP dOes nOt knOw the National Anthem Lyrics ? ? ? ?
Time to have MP National Anthem Classes ? ? ? ?
pharoah88 ( Date: 11-Aug-2011 11:47) Posted:
|
By Channel NewsAsia, Updated: 11/08/2011
MP Penny Low apologises for NDP phone incident
Penny Low (PAP)
SINGAPORE: Member of Parliament (MP) for Pasir Ris—Punggol Group Representation Constituency Penny Low has offered her apologies after being spotted using her mobile phone during the singing of the National Anthem at the National Day Parade (NDP) on Tuesday.
The incident, which was captured on television cameras, showed Ms Low glancing down at the phone in her hand.
The video was posted as a 30—second clip on websites such as YouTube, which sparked an online debate among netizens.
Posting on her Facebook page on Wednesday, Ms Low, 44, said: " I was so caught up in the wonderful NDP 2011 and felt so proud of being a Singaporean, that I wanted to capture that moment of pride, at the very tail end of the anthem, to share on FB with my residents. If in my enthusiasm I offended anyone, please accept my apologies. NDP is a time to unite not divide. Majulah Singapura."
Ms Low was elected to Parliament in 2001.
She is the founder and president of Social Innovation Park, a non—profit organisation providing social entrepreneurs with a platform to commercialise their services.
Some netizens felt Ms Low’s apology was insufficient.
" She gave a bad example for the young generation by doing what she did during NDP," wrote Mr Andrew Andy Lim on Ms Low’s Facebook.
But other netizens, such as Ms Jessie Seah, defended the MP. " It’s less than a second in the video. The MP has apologised. Singaporeans, please be more forgiving to your own fellow countrymen."
TODAY
|
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
Marina Bay noise too much for some
Nearly 50 noise complaints lodged so far this year
Neo Chai Chin
chaichin@mediacorp.com.sg
SINGAPORE
The expatriate lawyer moved in last December with her husband and says the construction noise from surrounding sites begins at about 9am daily. Now on maternity leave, Ms Watanabe said the noise carries on until about 9pm at night, weekends included. — She chose to live in the heart of Raffles Place to be near her workplace but Ms Mia Watanabe did not bargain for the pounding of nearby construction that came with her rented three-bedroom apartment at The Sail at Marina Bay.
|
|
Good Post
Bad Post
|
x 0
x 0
|
Fix the euro, and you could save the world
Is it any wonder financial markets are in turmoil?
In the United States, Britain and Germany, growth is down.
The euro is nearing the point of collapse.
America’s credit rating has been downgraded.
Chinese inflation is up.
|
|
Good Post
Bad Post
|
x 0
x 0
|
Cooling-Off Day online postings: No further action
SINGAPORE — The police will not be taking any further action against politicians Tin Pei Ling and Nicole\ Seah, who had messages posted on their Facebook accounts during Cooling-Off Day — in violation of election advertising rules — after reviewing their cases.
|
|
Good Post
Bad Post
|
x 0
x 0
|
In a media release, the SCDF said an aerial appliance, which was used to support firefighters, encountered technical difficulties and could not be used to extend a boom [beyOnd 6 stOrey ? ? ? ? ] to bring the firefighters closer to the fire. But the SCDF said that, in this case, it did not affect fire-fighting operations as the officers were able to access the fire without the appliance.
Nonetheless, a second aerial appliance was immediately activated to the scene. [WHERE wAs It ? ? ? ?]
Officers from the Health Sciences Authority were seen arriving at the scene of the fire at 5.40pm.
The SCDF and police investigations into the fire and the cause of death are ongoing.
Upgraded three months ago, Afro Asia Building is one of the oldest in the area and houses many trading companies.
This is the first time the building has caught fire.
|
|
Good Post
Bad Post
|
x 0
x 0
|
By Channel NewsAsia, Updated: 11/08/2011
MP Penny Low apologises for NDP phone incident
Penny Low (PAP)
SINGAPORE: Member of Parliament (MP) for Pasir Ris—Punggol Group Representation Constituency Penny Low has offered her apologies after being spotted using her mobile phone during the singing of the National Anthem at the National Day Parade (NDP) on Tuesday.
The incident, which was captured on television cameras, showed Ms Low glancing down at the phone in her hand.
The video was posted as a 30—second clip on websites such as YouTube, which sparked an online debate among netizens.
Posting on her Facebook page on Wednesday, Ms Low, 44, said: " I was so caught up in the wonderful NDP 2011 and felt so proud of being a Singaporean, that I wanted to capture that moment of pride, at the very tail end of the anthem, to share on FB with my residents. If in my enthusiasm I offended anyone, please accept my apologies. NDP is a time to unite not divide. Majulah Singapura."
Ms Low was elected to Parliament in 2001.
She is the founder and president of Social Innovation Park, a non—profit organisation providing social entrepreneurs with a platform to commercialise their services.
Some netizens felt Ms Low’s apology was insufficient.
" She gave a bad example for the young generation by doing what she did during NDP," wrote Mr Andrew Andy Lim on Ms Low’s Facebook.
But other netizens, such as Ms Jessie Seah, defended the MP. " It’s less than a second in the video. The MP has apologised. Singaporeans, please be more forgiving to your own fellow countrymen."
TODAY
|
|
Good Post
Bad Post
|
x 0
x 0
|
C I M B
Our chartists read the tea leaves for US stock market
|
S& P 500 - rebound has been choppy over the past two days, a likely sign that the minor wave iv rebound is in progress. If so, the target for this rebound is 1,197-1,228pts, based on 38.2-50% retracement of wave iii. The wave iv rebound should take 1-2 weeks to complete before one more downleg completes wave v, probably closer to Sep. This will complete the major downleg from the May 11 peak, followed by a more sustainable 2-4 month rebound. A breakdown below 1101pts over the next few days would mean that wave v is already in progress. Long-term wise, we are of the view that the major wave " C" downleg started in May and should continue for 6-12 months, targeting the Mar 09 lows before reaching its bottom.
Dow Jones - back below 11,000pts for now. For the DJIA, we are looking for a rebound towards 11,425-11,678pts to complete the wave iv rebound. This is based on 38.2-50% retracement of minor wave iii. In the immediate term, there is a resistance trend line at 11,375pts. A breakdown below 10,604pts over the next few days would mean that the wave iv rebound is already completed and wave v downleg is in progress.
Details in today's Alpha Edge.
|
| |
| Technically: |
Given the tumbling that the STI has taken, I asked our chartists for STI stocks that they felt they were ready to put a Technical BUY on. Our chartists view is that it’s still too early. Downside outweighs upside at least where " unemotional" charts are concerned. So sorry folks, no Technical BUY calls here, only SELLs for the moment still. Those with plenty of cash and itching to buy may want to ignore the technical calls.
Not that all are weekly charts given the volatility of the markets.
Golden Agri (GGR SP S$0.625 Technical SELL) - Minor supports at S$0.61/0.565. Could test 50% FR at S$0.485.
Starhub (STH SP S$2.70 Technical SELL) - Minor support S$2.50. May test S$2.10-2.20.
OCBC (OCBC SP S$9.00 Technical SELL) - Key support at S$8.18. 50% FR at S$7.15.
SCI (SCI SP S$4.26 Technical SELL) - Minor support S$4.20/S$4.00. Main support at 50% FR of S$3.75.
Jardine Strategic (JS SP US$29.90 Technical SELL) - May fall to US$25.50 and then 38% FR at US$24.20. |
|
|
Good Post
Bad Post
|
x 0
x 0
|
Wednesday: 10 August 2011
In a volatile session, the Dow Jones Industrial Average rallied back from Monday’s battering, gaining 429.92 points, or 4%, to 11,239.77. It had fallen as much as 205 points after the Fed released its afternoon statement. The rebound recovered part of Monday’s loss of 634.76 points, or 5.6%, the sixth-largest point loss in its history, and its worst day since 01 Dec 2008.
All 30 of the blue-chip index components gained, with Bank of America Corp. up almost 17%, recouping most of the prior day’s 20% drop. The S& P 500 Index added 53.07 points, or 4.7%, to 1,172.53, with financial firms faring best of the index’s 10 industry groups after getting socked the hardest on Monday. The Nasdaq Composite Index climbed 124.83 points, or 5.3%, to 2,482.52. For all three major indices, it was the biggest one-day percentage gain since 23 Mar 2009.
U.S. Treasury prices turned sharply higher Tuesday, sending 10-year yields briefly plunging to lows from the 2008 financial crisis, after the Federal Reserve said it will likely hold interest rates low through at least the middle of 2013, clarifying for the first time what an “extended period” is.
Crude prices settled 2.5% lower and below $80 a barrel on Tuesday as investors remained concerned about prospects for the world economy and an equity selloff added to worries. Oil for Sep delivery declined US$2.01 to finish at US$79.30 a barrel, the lowest price since late Sep. The losses joined a plunge of 6.4% on Monday, after markets reacted to Standard & Poor’s downgrade of U.S. debt late Friday and fears intensified of a potential new recession. So far this month, oil has lost 17%. For the year, it has declined 13%.
Gold prices settled at a record Tuesday, slicing through the US$1,750-an-ounce milestone as a selloff in global stock markets drew safety-seeking investors to the metal. Gold futures for delivery in Dec added US$29.80, or 1.7%, to end at US$1,743 an ounce on the Comex division of the New York Mercantile Exchange. The contract traded as high as US$1,782.50 an ounce, according to FactSet Research, an intraday record for the metal. Gold has gained 23% this year, its 10th straight year of gains, and so far this week has risen 5.5%.
| US Markets |
Index Level
|
Value Change
|
% Change
|
Futures Value
|
Value Change
|
% Change
|
| Dow Jones |
11,239.80
|
429.92
|
+3.98%
|
11,235.00
|
41.00
|
+0.37%
|
| NASDAQ* |
2,482.52
|
124.83
|
+5.29%
|
2,163.50
|
8.50
|
+0.39%
|
| S& P 500 |
1,172.53
|
53.07
|
+4.74%
|
1,176.40
|
4.70
|
+0.40%
|
* refers to NASDAQ composite which consists of all stocks in NASDAQ. Futures value only for NASDAQ 100.
| EU Markets |
Index Level
|
Value Change
|
% Change
|
| FTSE 100 |
5,164.92
|
95.97
|
+1.89%
|
| CAC |
3,176.19
|
51.00
|
+1.63%
|
| DAX |
5,917.08
|
-6.19
|
-0.10%
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
| US Economy: FOMC |
| Near-zero interest rate until mid-2013... |
A specific timeframe commitment on federal funds rate (FFR)…
The most significant outcome of the Federal Open Market Committee (FOMC) last night was the pledge by the US Federal Reserve to keep the federal funds rate (FFR) at the record low 0%-0.25% at least until mid-2013. Previously, the Fed only generally committed to keep FFR “exceptionally low for an extended period of time”, which the Fed Chairman Ben Bernanke had once indicated to mean up to the next few FOMC meetings after the last FOMC when such statement was repeated.
FFR has been at current level since Dec '08.
Click here for full report »
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
| RCE Capital RM0.455: Hold |
| Resumption in lendings? Uplift to Hold |
Above expectations.
1QFY12 core net profit of RM29m (+24% YoY) made up 29% of our full-year forecast.
The slight out-performance came from lower doubtful debt allowances and higher interest income from the early settlement of receivables. We maintain our forecasts pending an update with the management on recent developments relating to KOWAJA which implies the resumption in RCE's core activities. With share price closing in to our target price (pegged to 0.8x historical P/B also under review), we upgrade the stock from Sell.
Click here for full report »
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
gradual resumption of domestic services from
Friday 12 August 2011
|
|
Good Post
Bad Post
|
x 0
x 0
|
sIngApOre
dO nOt bAn
fOreIners'
shOrt sellIng ? ? ? ?
WHY ? ? ? ?
becAUse Of GST ? ? ? ?
pharoah88 ( Date: 10-Aug-2011 13:27) Posted:
|
S Korea’s regulator bans short-selling for 3 months
South Korean authorities yesterday banned short-selling of shares for three months in a bid to stem losses on a stock market that has lost 17 per cent or almost US $200 billion (S$243 billion) in value in the past six trading days.
The move came as state funds stepped in to try and shore up local share prices and after the Bank of Korea appeared to suggest that interest rate hikes were off the agenda when it meets on Aug 11.
South Korea’s Financial Services Commission said short selling, mainly by foreign investors, hit a record high of 432.8 billion won (S$484.3 million) on Aug 3.
“Short-selling triggered market instability,” the regulator said in a statement after the stock market closed. The main Seoul stock index finished down 3.6 per cent at 1,801.35 points yesterday, its weakest close since Sept 9 last year after tanking as much as 9.9 per cent.
Bank of Korea Governor Kim Choong-soo told Parliament the global market turmoil prompted by the US debt downgrade and Europe’s debt crisis meant that plans for “normalising” or raising interest rates had been put on ice.
Reuters |
|
|
|
Good Post
Bad Post
|
|
|
|
