Latest Posts By pharoah88
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| 14-Aug-2010 20:25 |
Genting HK USD
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Genting HK US$
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http://www.chinesestock.org/show.aspx?id=76918&cid=28Genting HK (HKG:0678) buys 5.92% Union Bank at $15.44M
Genting Hong Kong (HKG:0678) has agreed to subscribe for 18 million ordinary shares in the capital of Union Bank of Colombo Limited at a consideration of LKR225 million ($15.44 million). The shares represent approximately 5.92% of the enlarged issued share capital of Union Bank. Union Bank is a licensed commercial bank engaged in banking business in Sri Lanka under a banking license issued by the Central Bank of Sri Lanka. In view of the booming economy in Sri Lanka after the end of its civil war, Genting Hong Kong's board believes that the subscription is an attractive investment in a potentially high growth industry and provides foothold for the company to look at other lucrative projects in this newly emerging market. |
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| 14-Aug-2010 20:02 |
Informatics
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Road to recovery in next 1-2 years
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As time went by, i learnt from many people. Picking out the Best from each talent, revise and test the strategy again and again as i went along. I am still learning, revising and testing . . . . Confidently, one fine day, the final revision is fully matured and fortified to succeed most of the time. I am glad you find some value in it. WEALTH can be created in the MARKET much better than an exploitative job in Singapore today. Fixed Deposit Interest Rate will KILL every depOsItOr's Purchasing Power in a matter Of tIme ? gOOd fOrtune tO ALL
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| 14-Aug-2010 19:29 |
Genting Sing
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GenSp starts to move up again
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When S$ Exchange Rate is weak ? And Singapore Fixed Deposit Interst Rate is 6% ? GENTING QUARTERLY EARNINGS REACH S$1 Billion ? |
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| 14-Aug-2010 19:20 |
Genting Sing
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GenSp starts to move up again
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GENTING MILLIONAIRE @ S$8.63
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| 14-Aug-2010 19:16 |
Genting Sing
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GenSp starts to move up again
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| 14-Aug-2010 19:08 |
User Research/Opinions
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%%%% WORLD ECONOMIC SUMMIT %%%%
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Rising yen a bigger risk than euro zone crIsIs TOKYO “With regard to the recent appreciation of the yen and fall in Japanese stock prices, some members said that the effects on Japan’s economic activity should be examined closely,” minutes of a July 14-15 meeting released on Friday showed. A weakening United States economy spurred the yen’s climb to a 15-year high of 84.73 against the US dollar this week. It has retreated since Finance Minister Yoshihiko Noda and central bank Governor Masaaki Shirakawa said on Thursday they were closely watching the currency, comments investors say indicate preparedness to curb currency gains to protect the nation’s economic recovery. The yen stood at 86.11 per US dollar late on Friday. The Nikkei 225 Stock Average rose 0.4 per cent to close at 9,253. Japanese stocks have fallen about 13 per cent in the past three months.
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| 14-Aug-2010 18:58 |
User Research/Opinions
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%%%% WORLD ECONOMIC SUMMIT %%%%
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Superman Germany leads the way in Europe
Economic growth in second quarter fastest since reunification BERLIN
German gross domestic product surged 2.2 per cent from the first quarter, fuelling euro zone growth of 1 per cent, the fastest in four years.
Economists had forecast GDP would rise 1.3 per cent in Germany and 0.7 per cent in the currency bloc.
“Superman is wearing black, red and gold this year, Germany’s national colours,” said ING economist Carsten Brzeski.
Germany, Europe’s largest economy, is benefiting from a recovery in global demand after last year’s recession just as the euro’s 10 per cent decline against the US dollar this year makes its exports more competitive outside the region.
At the same time, European governments are cutting spending to rein in ballooning budget deficits, threatening to slow growth in coming months.
Germany’s performance highlights the growth differential across the euro region in a quarter that saw the Greek fiscal crisis threaten to break the bloc apart.
France’s economy expanded 0.6 per cent in the period and Italy’s 0.4 per cent, while Greece, which was forced to seek a European Union bailout in May, experienced a 1.5-percent contraction.
In annualised terms, the German economy expanded about 9 per cent in the second quarter, said Mr Andreas Scheuerle, an economist at Dekabank in Frankfurt.
That puts it on a footing with emerging markets like China and India.
Late in Europe on Friday, after the GDP announcements, the Stoxx 600 benchmark was little changed at 254.69. |
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| 14-Aug-2010 18:36 |
Genting Sing
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WILMAR is the BENCHMARK MILESTONE On HOW FAR GENTING SINGAPORE QUEST WILL R E A C H ^ ^ ^ ^ ^ ^ ^ ^ ? |
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| 14-Aug-2010 18:31 |
Genting Sing
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* GENTING QUARTERLY EARNINGS OUTLOOK * SHORT-TERM SIMILAR to WILMAR ? MID-TERM OVERTAKE WILMAR ?? LONG-TERM DOUBLE WILMAR ??? PS: WILMAR under #### MARGIN PRESSURES #### |
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| 14-Aug-2010 18:22 |
Genting Sing
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Wilmar earns $457.5 million in Q2
SINGAPORE Revenue for the quarter ended June rose 18.3 per cent to US$6.76 billion on the back of increased sales volume and higher average selling prices, Wilmar said on Friday. For the half year ended in June, Wilmar’s net profit declined 5 per cent to US$745.9 million. Despite the margin pressures, Wilmar, the world’s largest palm oil trader, said it was positive on the prospects of Asian economies, especially China, India and Indonesia, adding it would continue to leverage on its presence in these markets for growth. In a separate filing on the Singapore Exchange on Friday, Wilmar said its subsidiary, Newbloom, had bought a 20-per-cent stake in Mainboard-listed palm oil producer Kencana Agri for $80.4 million. To diversify its business, Wilmar is also planning a major expansion into sugar with the proposed acquisition of Sucrogen and the development of sugar production in Indonesia. Malaysian-based brokerage CIMB said it was maintaining its Neutral rating and target price of $6.50 for Wilmar. It said it expected stronger earnings for the commodities giant in the second half of this year due to seasonal demand and higher prices for agri-business products.
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| 14-Aug-2010 18:08 |
Kencana Agri
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Kencana Agri
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Wilmar earns $457.5 million in Q2 SINGAPORE Revenue for the quarter ended June rose 18.3 per cent to US$6.76 billion on the back of increased sales volume and higher average selling prices, Wilmar said on Friday. For the half year ended in June, Wilmar’s net profit declined 5 per cent to US$745.9 million. Despite the margin pressures, Wilmar, the world’s largest palm oil trader, said it was positive on the prospects of Asian economies, especially China, India and Indonesia, adding it would continue to leverage on its presence in these markets for growth. In a separate filing on the Singapore Exchange on Friday, Wilmar said its subsidiary, Newbloom, had bought a 20-per-cent stake in Mainboard-listed palm oil producer Kencana Agri for $80.4 million. To diversify its business, Wilmar is also planning a major expansion into sugar with the proposed acquisition of Sucrogen and the development of sugar production in Indonesia. Malaysian-based brokerage CIMB said it was maintaining its Neutral rating and target price of $6.50 for Wilmar. It said it expected stronger earnings for the commodities giant in the second half of this year due to seasonal demand and higher prices for agri-business products. — Singapore-listed Wilmar earned US$344.5 million ($457.5 million) in the second quarter, a 15-per-cent drop from the corresponding period a year earlier, hurt by lower margins and a US$41.7-million write-down in the valuation of its convertible bonds. |
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| 14-Aug-2010 18:00 |
Healthway Med
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healthway, healthy?
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ANTIBIOTICS USEFULNESS IS FINITE So the game now is to keep bacteria at bay. Hygiene is an obvious weapon. Better cleaning, hand gels and stern warnings to staff and public alike have helped reduce infection rates in hospitals. But Professor Richard James, director of the centre for health care infections at the University of Nottingham, warns that bugs don’t stay in hospitals (the NDM 1— producing bacteria appears widespread in India, passed through contaminated water, in which people bathe, wash clothes and defecate). “The worry is once these organisms are out in the community,” says James. “There probably is some need for public education about infection and, for instance, kitchen hygiene when you are cooking. People of my generation were taught a lot about washing your hands before every meal. It was automatic that it was done. A lot of that has gone.” Beyond that, there is a real need to conserve those antibiotics we have. Like oil, he points out, antibiotic usefulness is finite. And the cost of drug resistance is not reflected in the price of the drug. “If you consider antibiotic sensitivity as a resource like oil, you want to maintain that by introducing a tax,” he says. It would be worldwide and the proceeds could fund new drug development. But should you tax life-saving drugs, especially in poor countries? “If you don’t do anything, there won’t be any antibiotics anyway,” says James starkly. “At least it is a suggestion of something that could be done.” Walsh’s paper shows that no country can pull up the drawbridge. “It illustrates the importance of considering health issues as a world issue — how antibiotics are prescribed and controlled in one part of the world can very rapidly have consequences elsewhere,” says Christopher Thomas, professor of molecular genetics at the University of Birmingham. Sadly, the fact is that many people have still got their heads in the sand. In the battle for survival of the fittest between human beings and bacteria, it looks as though the best we are going to get is a draw — if we are lucky. The Guardian Sarah Boseley is the health editor of The Guardian. She has won a number of awards for her work on HIV/Aids in Africa, including the One World Media Award and the European section of the Lorenzo Natali prize, awarded by the European Commission. |
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| 14-Aug-2010 17:53 |
Healthway Med
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healthway, healthy?
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NOT OVER YET BUT ... But it is not just an issue in advanced medicine. Antibiotics are vital to abdominal surgery. “You safeguard the patient from bacteria leaking into the body cavity,” he says. If you lose the ability to treat these infections, appendix operations would carry the same risk as they did before Fleming discovered penicillin in 1928. It may not be over yet, he says, but “we are certainly scraping the bottom of the barrel to find antibiotics that are effective against some of the infections.” Running out is not the only issue, he says. When somebody has a severe infection — say blood poisoning — causing a high fever, a hospital clinician will dispatch blood samples to the lab to find out exactly what he is dealing with. But that takes time. “He will start you on antibiotics because that will kill infection within 48 hours,” says Livermore. “So during 48 hours, you are being treated blind. The more resistant your bacteria are, the less likely the antibiotic is going to work.” Studies have shown, he says, that the chances of dying from hospital pneumonia or septicaemia (blood poisoning) are twice as high if the bacteria are drugresistant, rising in the case of pneumonia from 20 to 30 per cent to 40 to 60 per cent. For a long time now, doctors have known they were in a race to stay a few steps ahead of the rapidly growing resistance of bacterial infections to antibiotics. Ten years ago, the so-called superbug MRSA caused front-page panic. Hospital patients were picking up Staphylococcus aureus infections that were resistant to the hitherto powerful antibiotic methicillin. An all-out war against MRSA has reduced the threat of what are known as Gram-positive bacteria. Hospital hygiene has been massively stepped up and, in response in part to public anxiety, pharmaceutical companies have put money into finding new antibiotics for these infections. But it’s like putting a finger in a hole in the dam, only to find the water surges out somewhere else. Bacteria are great survivors. The biggest threat now, experts believe, is from multi-drug-resistant Gram-negative bacteria, such as NDM1- producing enterobacteriaceae and an enzyme called KPC which has spread in the US (and in Israel and Greece) which also gives bacteria resistance to the most powerful group of antibiotics we (once) had. “It is a war of attrition. It is naive to think we can win.” says Livermore. |
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| 14-Aug-2010 17:46 |
Healthway Med
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healthway, healthy?
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Ready for a world withOUT antibiotics? A bedrock of modern medicine but in the near future, we’re going to have to learn to live without them Sarah Boseley
In just a couple of generations, what once appeared to be miracle medicines have been beaten into ineffectiveness by the bacteria they were designed to knock out. Once, scientists hailed the end of infectious diseases. Now, the postantibiotic apocalypse is within sight.Lancet Infectious Diseases this week posed the question over a paper revealing the rapid spread of multi-drug-resistant bacteria. Hyperbole? Unfortunately not. The highly serious journal “Is this the end of antibiotics?” it asked. Doctors and scientists have not been complacent, but the paper by Professor Tim Walsh and colleagues takes the anxiety to a new level. Last September, Walsh published details of a gene he had discovered, called NDM1 (New Delhi Metallobeta-lactamase 1), which passes easily between types of bacteria and makes them resistant to almost all the powerful, last-line antibiotics called carbapenems. This week’s paper revealed that NDM1 is widespread in India and has arrived as a result of global travel and medical tourism for, among other things, transplants, pregnancy and cosmetic surgery. (The paper has triggered a storm of protest from India’s medical industry. Reports from India cited Indian doctors saying that the warnings about this drugresistant superbug were alarmist.) Walsh disagrees: “This is potentially the end. There are no antibiotics in the pipeline that have activity against NDM 1-producing enterobacteriaceae. We have a bleak window of maybe 10 years, where we are going to have to use the antibiotics we have very wisely, but also grapple with the reality that we have nothing to treat these infections with.” And this is the optimistic view — based on the assumption that drug companies can and will get moving on discovering new antibiotics to throw at the bacterial enemy. Since the ’90s pharmaceutical companies have not shown a great deal of enthusiasm for difficult antibiotic research. Unlike with heart medicines, people take antibiotics for a week rather than life, and because resistance means the drugs become useless after a while, there is just not much money in it. Dr Livermore, whose grandmother died for lack of infection-killing drugs in 1945, is director of the antibiotic resistance monitoring laboratory of the Health Protection Agency (HPA). Last year, the HPA put out an alert about NDM1, urging health professionals to report all suspect cases. Livermore is far from sanguine about the future. “A lot of modern medicine would become impossible if we lost our ability to treat infections,” he says. He is talking about transplant surgery, for instance, where patients’ immune systems have to be suppressed to stop them rejecting a new organ, leaving them prey to infections, and the use of immunosuppressant cancer drugs. The era of antibiotics is coming to a close. |
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| 14-Aug-2010 17:33 |
User Research/Opinions
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^ Productivity ^ [Effecacy Efficiency Economy]
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Count me out of the insanity 48 hours at the Shanghai Expo makes one wonder: What has it accomplished? Paul Gilfeather gilfeather@mediacorp.com.sg
I travelled to Shanghai last week on assignment to review Singapore’s Expo effort. The experience of the overall event was a pretty painful one which left me asking myself one fundamental question: Who in their right mind would attend a World Expo voluntarily? The answer is some 70 million people over 180 days, apparently. I think part of the problem for me was that I hadn’t quite grasped the concept of World Expo. Rather naively, I thought I would be attending an oversized trade fair, with all the different countries’ pavilions housed under one roof. For someone who has attended more of these events than I care to remember, that would have been bad enough. But waiting for me was a totally different proposition altogether. I realised my mistake as I was told that taxis would be required to take me from one end of the Expo site to the other. But what really plunged me into a state of disbelief were the enormous queues and out-of-control crowds. Luckily, my media accreditation allowed me to bypass the thronging masses but those actually paying for the privilege had to line up for at least a couple of hours before entering the actual site. As the first visitors passed through the stringent security checks, they would make a break for it. I turned, startled, and watched as literally hundreds of people raced towards the pavilion which was top of that day’s list.
NINE-HOUR QUEUE Queueing times were being worn by participating countries like a badge of honour.
SINGAPORE, for instance, could only claim to keep people waiting in the baking heat for two hours.
Saudi Arabia, which had spent a staggering US$200 million ($270 million) on its pavilion, could boast waiting times of up to nine hours. That’s right, nine hours. Visitors were actually standing in line for a whole day for the pleasure of 20 minutes inside the Saudi tent.
I admit to being genuinely shocked when an official told me that at any one time, there could be as many as 400,000 people on site.
Those who weren’t wasting hours queueing were zig-zagging around the pedestrianised roads around the site.
This made it impossible to walk in a straight line for more than five seconds.
I was overwhelmed with feelings of claustrophobia as the throngs approached, and contending with the 37 ° Celsius temperatures of the Shanghai summer left me feeling at times as though I was suffocating.
I felt like the only attendee not enjoying myself.
Everyone else appeared to be happy. Very happy, in fact.
Smiling faces were all around me. Some would stop me and ask if they could take my photograph, presumably the novelty of seeing a white Westerner proving too much of an opportunity to pass.
At least these few brief moments allowed me to forget the madness around me, if only temporarily.
It seemed to be mainly families populating the Expo: Mum, dad and a few children in tow. Since 95 per cent of Expo’s visitors are expected to be Chinese, I imagined people streaming in from all across this vast country to congregate at World Expo like a giant holiday resort. THE GREAT RACE But as I moved tentatively from pavilion to pavilion, it seemed these visitors were not really interested in what countries had to offer. I actually doubt whether any of them cared about the controversies certain countries were attracting in the media.
It was like they were taking part in a massive game in which you had to get through the doors of as many pavilions as possible. These people, once inside, were racing around exhibits before moving on to the next country’s effort.
I imagined them ticking each country off their list as they participated in the Great Expo Race.
The Chinese government donated the land for the World Expo as each country was given free rent for the six-month-long event.
And after the masses have disappeared back to their towns and villages, all the pavilions will be razed. Only the genuinely impressive Chinese pavilion, built over 10 floors, will remain after October.
I know the event is supposed to offer countries an opportunity to exchange ideas, but I doubt whether this actually happens and I couldn’t help but feel that the World Expo is, in fact, a monumental waste of time and money.
But if you are thinking about travelling to Shanghai for this event, don’t let me put you off.
The hundreds of thousands of people who drove me mad over 48 hours seemed to think it was worth the effort. And, amazingly, 70 million others do too. The writer is the principal correspondent at Those who had journeyed to the Expo site at first light would at least get into one event with minimum fuss. After that, like everyone else, they would have to queue for each pavilion for at least two hours. There may be some things worse than having to attend the unfeasibly gigantic event that is World Expo 2010, but none spring to my mind. I exaggerate of course — but only slightly. |
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| 14-Aug-2010 17:02 |
Genting Sing
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GenSp starts to move up again
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CONGRATULATIONS ! GENTING LENDARY MILLIONAIRE WANNABE
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| 14-Aug-2010 16:57 |
Genting Sing
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GENTING LEGENDARY MILLIONAIRE LEGACY
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| 14-Aug-2010 14:09 |
User Research/Opinions
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%%%% WORLD ECONOMIC SUMMIT %%%%
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PARALYSIS at the MAS ? ? ? ? “Singapore Monetary Policy: A Case of Self-Induced Paralysis?” But short-term interest rates — the usual tool of monetary policy — were near zero and could go no lower. And the MAS used that fact as an excuse to do no more ? ? ? ? iS SiNGAPORE followIng the fOOt path Of JAPAN and AMERICA ? ? ? ? |
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| 14-Aug-2010 14:04 |
User Research/Opinions
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%%%% WORLD ECONOMIC SUMMIT %%%%
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PARALYSIS at the Fed Why is Bernanke just as passive now as the Bank of Japan was a decade ago? Paul Krugman Ten years ago, one of America’s leading economists delivered a stinging critique of the Bank of Japan, Tokyo’s equivalent of the Federal Reserve, titled “Japanese Monetary Policy: A Case of Self-Induced Paralysis?” With only a few changes in wording, the critique applies to the Fed today.
NEW YORK TIMES
The writer is a professor of economics and international affairs at Princeton University. He received the Nobel Prize in Economics in 2008. At the time, the Bank of Japan faced a situation broadly similar to that facing the Fed now. The economy was deeply depressed and showed few signs of improvement, and one might have expected the bank to take forceful action. But short-term interest rates — the usual tool of monetary policy — were near zero and could go no lower. And the Bank of Japan used that fact as an excuse to do no more. That was malfeasance, declared the eminent US economist: “Far from being powerless, the Bank of Japan could achieve a great deal if it were willing to abandon its excessive caution and its defensive response to criticism.” He rebuked officials hiding “behind minor institutional or technical difficulties in order to avoid taking action”. Who was that tough-talking economist? Mr Ben Bernanke, now the chairman of the Federal Reserve. So why is the Bernanke Fed being just as passive now as the Bank of Japan was a decade ago? Now, America’s current economic troubles aren’t exactly identical to those of Japan in 1999-2000: Japan was experiencing outright deflation, while we aren’t — yet. But inflation is well below the Fed’s target of around 2 per cent, and it is continuing to slide. And Americans face a level of unemployment, and sheer human misery, far worse than anything Japan went through. Yet the Fed is doing almost nothing to confront these troubles. What could the Fed be doing? Back when Mr Bernanke suggested, among other things, that the Bank of Japan could get traction by buying large quantities of “non-standard” assets — that is, assets other than the short-term government debt central banks normally hold. The Fed actually put that idea into practice during the most acute phase of the financial crisis, acquiring, in particular, large amounts of mortgage backed securities. However, it stopped those purchases in March. Since then, the economic news has grown steadily worse. And earlier this week, the Fed changed course — but barely. It now says that it will reinvest the proceeds from maturing securities in long-term government bonds. That’s a trivial change, basically the least the Fed could get away with without facing a firestorm of criticism — and far short of the major asset-purchase programme the Fed should be undertaking. Back in 2000, Mr Bernanke also suggested that the Bank of Japan could move expectations by making announcements about its future policies. In particular, he argued that it could make private-sector borrowing more attractive by announcing that it would keep interest rates low until deflation had given way to 3 or 4 per cent inflation — an idea originally suggested by yours truly. Since we are, if anything, in worse shape now than Japan was in 2000, an inflation target of at least 3 per cent would very much be in America’s interest. But as chairman of the Fed, Mr Bernanke has explicitly rejected any such move. What’s going on here? Has Mr Bernanke been intellectually assimilated by the Fed Borg? I prefer to believe that he’s being political, unwilling to engage in open confrontation with other Fed officials — especially those regional Fed presidents who fear inflation, even with deflation the clear and present danger, and are evidently unmoved by the plight of the unemployed. And in fairness to Mr Bernanke, discord among senior officials also makes it difficult for policy to change expectations. In fact, I’d argue that loose talk by some Fed officials is already having a negative economic impact. But while Mr Bernanke doesn’t have the authority to stop that loose talk, he could make it clear that it doesn’t represent overall Fed policy. Last, but not least, policy is suffering from an act of neglect by President Barack Obama, who waited until his 16th month in office before offering a full slate of nominees to fill vacancies on the Federal Reserve Board. If he had filled those slots quickly — his nominees still aren’t in place — the Fed might be less passive. But whatever the reasons, the fact is that the Fed — which is required by STATUTE to promote “maximum employment” — isn’t doing its job. Instead, like the rest of Washington, it’s inventing reasons to dither in the face of mass unemployment. And while the Fed sits there in its self-inflicted paralysis, millions of Americans are losing their jobs, their homes and their hopes for the future. |
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| 14-Aug-2010 13:49 |
SMRT
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SMRT
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WAKE UP the Idea ? ? ? ? dIstance-based ? ? ? ? tIme-based ? ? ? ? make cLear decIsIOn ? ? ? ? fOr GOD and gOOdness sake ? ? ? ? IntegrIty ? ? ? ?
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