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02-Aug-2011 15:06

Genting Sing / GenSp starts to move up again

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sIngapOre

eXtremely childish & fOOlish ?

in

CASINO GOVERNANCE ? ? ? ?

withOUt jUNCKET,

there are nO CASINO

but Just PUNTING CLUBS ? ? ? ?

sIngapOre Only

gOOd fOr

betting bOOths ? ? ? ?

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02-Aug-2011 14:59

Genting Sing / GenSp starts to move up again

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Macau defies expectations

HONG KONG

Cash-rich mainland gamblers, who contribute the bulk of earnings in the enclave an hour from Hong Kong by ferry, have helped the former Portuguese colony maintain stellar gaming revenue since the start of the year. A maze of glitzy facades and kitsch interiors, Macau is the only place where Chinese citizens are allowed to legally gamble in casinos.

Revenue last month was 24.2 billion patacas (S$3.6 billion), the second highest gain this year and just shy of May’s record 24.3 billion patacas that was attributed to a week-long public holiday and the opening of a new casino resort.

Macau, a major market for United States casino operators including MGM China, Sands China and Wynn Macau, is likely to post full-year revenue more than five times higher than that of rival Las Vegas.

Macau chalked up US$23.5 billion (S$28.2 billion) in gambling revenue last year and is forecast to grow that by between 25 and 50 per cent annually.

That was well ahead of Las Vegas’ US$5.8 billion and Singapore’s US$5.1 billion.

Singapore is set to overtake Las Vegas this year to become No 2 with a rojected US$6.4 billion in turnover, according to the American Gaming Association.

Casino shares skyrocketed yesterday in Hong Kong, with Galaxy Entertainment up 8.42 per cent, Sands China up 5.76 per cent, Wynn Macau up 3.31 per cent, MGM China up 2.99 per cent, SJM up 4.99 per cent and Melco International up 7.37 per cent.

Billionaire Sheldon Adelson’s Las Vegas Sands and casino mogul Steve Wynn’s Wynn Resorts posted strong second-quarter profits, bolstered by stellar growth in their Macau casinos.

MGM China, Galaxy Entertainment, SJM and Melco Crown International are due to post secondquarter earnings later this month.— Macau, the world’s largest casino market, blew past expectations to post a 48-per-cent rise in July gambling revenue, underscoring unflagging demand from China’s newly minted millionaires and burgeoning middle class.

AGENCIES

World’s largest casino market posts 48.4% rise in gambling revenue

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02-Aug-2011 13:55

User Research/Opinions / MAY BANK initiates GROWTH ERA tOday

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RHBRI Top Picks

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02-Aug-2011 13:53

User Research/Opinions / ******** GENTING ******* BERHAD ********

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Genting Bhd: Signed deal with consortium to buy Pan Malaysian Pools for RM2.1bn?

Outperform

News Update

¨ It was reported in the Edge daily that Tanjong plc yesterday signed an agreement to sell its entire stake in Pan Malaysia Pools (PMP) for RM2.1bn to a consortium comprising Genting’s Tan Sri Lim Kok Thay, Hong Leong Group’s Tan Sri Quek Leng Chan, Lion group’s Tan Sri William Cheng and Tan Sri Chua Ma Yu. The businessmen’s bid includes plans to eventually list the NFO.

Included in the winning bid is a charity element, whereby a portion of PMP’s profits would be allocated to charitable causes, including schools.

RHBRI Top Picks

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02-Aug-2011 13:03

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Norway PM to politicians:

THiNK before yOu speAk

OSLO

Mr Jens Stoltenberg did not single out anyone but seemed to be referring to harsh immigration discussions when he told Parliament the July 22 attacks gave reason to rEflEct on “what we have thought, said and written”.

“We all have something to LEARN from the tragedy,” he told law-makers at a ceremony honouring the victims. “We can all have a need to sAy, ‘i wAs wrOng’, and be respected for it.’’

That goes for politicians and newsroom editors, in everyday conversations and on the Internet, the Prime Minister said.

“Our promise is that we take with us the spirit of July 22 when political work resumes. We will behave with the same wisdom and respect as the Norwegian people,’’ Mr Stoltenberg said.

Norway’s political parties will postpone campaigning for September’s local elections until the middle of this month as the nation mourns those killed.

Confessed killer Anders Breivik said his attacks were an attempt to purge Europe of Muslims and punish politicians who embraced multiculturalism. — Norway’s Prime Minister on Monday called on political leaders to show restraint as the country emerges from mourning the 77 victims of a bombing and youth camp massacre by an anti-Muslim extremist.AP

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02-Aug-2011 09:08

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现金不再称王？

(2011-07-31)

● 许丽卿

　　有人雀跃，强劲的新元升势，使到新元币值越来越大，买进口货时会更加便宜。

　　然而，也有人感叹，现在在新加坡买一辆车，比三年前贵了至少 30％， 甚至贵了整倍，完全没有因强劲的新元而受惠 。

　　事实是，新元兑美元汇率自去年以来已涨了超过 13％， 我们的钱却没有 “变得更大 ”，人们也没有 “变得更有钱 ”。 　　　　

　　新元兑美元汇率持续上扬，一度达到不用 1.20新元就可换到一美元的高水平。照理说，强劲的新元或新元币值越大，我们应该越富有才对，但感觉上 我们好像反而变穷了 。

关键在于我们的物价不断攀升。

　　因为 房价和汽车价格比预期高 ，金融管理局把我国今年的通货膨胀率调高到 4％至 5％。而 6月份的通胀率仍高企在 5.2％，接下来的通胀走势仍不容乐观。

外来热钱多　车价房价齐涨

　　政府以让新元继续升值来舒缓通胀压力，但是 太强势的新元也导致我国第二季制造业同比萎缩 5.5％，环比萎缩 22.5％ 。不漂亮的数据，大部分固然是受欧债危机问题所影响，但太强势的新元也是主因之一。

　　 一般货币政策是包括汇率与利率政策 ，但新加坡比较特别，只看到汇率政策， 不见利率政策 。

汇率升值了，利率却依然在低档， 造成国内新元游资太多 ， 再加上新元不断升值，外来热钱进来的也更多。于是，汽车价格和房地产价格齐飙涨 。

　　最新一轮的拥车证成价全面飙涨，中小型车组的拥车证已涨到近 6万元，这个价码在两三年前已可以买下一辆中小型日本车。大型及豪华型车组的也已破 7万元， 8万元以上的高拥车证看来也指日可待。

　　 感叹 买不起车的是那些 中等收入的工薪族 ，有钱的专业人士和大老板当然不受影响，要买车的照买，要换车的照换，否则拥车证价格也不会越标越高。

　　 通胀的后果是现金缩水 ， 低息的后果是房价节节上升 。 国内外游资泛滥 ，投资什么好呢？

股票在通胀环境下 像债券一样 表现不佳 ，这已经 不是秘密 。 在没有其他更好的投资管道下，只好集中在房地产的投资 ，尽管本地私宅租金回报率不过 6％， 但 2％的资金成本有 6％的回报已算不错了 。

　　更何况，本地私宅价格显然无视政府降温措施，第二季依旧稳健上升 2％。而自 2009年回弹以来，本地私宅价格已上涨了 52.3％。这么漂亮的数据，难怪 投资者会当降温措施透明 。

一旦升息　房价下跌在所难免

　　新加坡的私宅市场没有所谓的刚性需求，目前的房价完全是低息环境的产物， 一旦加息，支持高屋价的基础就不存在了，房价下跌是难免的 。

　　尽管如此，投资者甘冒房价下跌的风险，依然进场，为的就是不愿眼睁睁看着手头上的现金缩水，还有就是早买早赚的预期心理使然。

　　股神巴菲特曾说过，现金是最危险的资产，甚至感叹道，因为通胀，他出生时候的一美元，现在只值 6美分了。

他的言论更让人相信，所有货币都逃脱不了贬值命运，这种资产最终不会带来任何回报。

“现金为王 ”本是投资上的一句金科玉律，但巴菲特显然对此颇不以为然。从早期的 “现金为王 ”拥护者，到最近的不以为然，巴菲特的投资理念似乎也在改变中。

　　三年前，或许我们还可学学 香港首富李嘉诚高喊 “现金为王 ”， 但在高通胀、超低利率及强势新元的今天，或许现金已不再称王了。

　　因为，如果你知道你的朋友三年前以 100万元买下的公寓，最近脱手套现超过 150万元；又如果你三年前敢敢换新车，今天就不用买贵车了；再如果你的朋友告诉你，他三年前进场买下而今天仍握在手中的数万美元，账面亏损若干％的时候，你会更加相信现金不再称王的事实。

《联合早报》
（编辑：黄秀茱）

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02-Aug-2011 08:37

COSCO SHP SG / CoscoCorp

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Q2 NET PROFITS DROPPED by 53% to S$35 million ? ? ? ?

shOrt

shOrt

shOrt

shOrt

TP S$0.99 ? ? ? ?

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02-Aug-2011 08:33

RH PetroGas / What happen to RH PetroGas

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RH PETROGAS' chairman is 10th richest man in Malaysia, and a serial successful entrepreneur

Written by Leong Chan Teik

Friday, 15 October 2010 00:00

a) timber
b) oil & gas
c) palm oil
d) media publishing
d) salmon farming
e) mining
f) property development
g) optical fibre manufacturing

A rare serial entrepreneur, Tan Sri Datuk Sir Tiong Hiew King has money in all these ventures and more, which have contributed to his net worth of US$1.2 billion. He was ranked the 10th richest Malaysian on the Forbes list for 2010.

Despite his immense wealth and the award of knighthood by Queen Elizabeth in 2009, Tan Sri, 75, is relatively low profile and not many Singaporeans know him well.

He is, of course, better known in his home country where he owns significant business interests and continues to live and work.

Singapore-listed RH Petrogas' chairman is Tan Sri Datuk Sir Tiong Hiew King, the Rupert Murdoch of the Chinese media, and the tycoon behind the largest forestry group in the world.

HOW MANY successful local or regional entrepreneurs do you know who is into businesses as diverse as the following?

And now....RH Petrogas:

Tan Sri Datuk Sir Tiong Hiew King, executive chairman, RH Petrogas

RH Petrogas Limited aims to be a leading independent oil and gas company in the region.

Its first oil and gas project is a production sharing contract with China National Petroleum Corporation to jointly develop and produce hydrocarbon resources in Block 1 of Fuyu in the Songliao Basin, Jilin Province, the PRC.

RH Petrogas has also successfully completed the acquisition of Singapore-based Orchard Energy on 14 June 2010.

Orchard Energy is an oil and gas exploration and production company which holds a production sharing contract in relation to the exploration and production of petroleum in West Belida Block, Jambi, South Sumatra, Indonesia, covering an area of approximately 1,402 sq km.

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02-Aug-2011 08:27

User Research/Opinions / your biggest worries?

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RH PETROGAS' chairman is 10th richest man in Malaysia, and a serial successful entrepreneur

Written by Leong Chan Teik

Friday, 15 October 2010 00:00

Singapore-listed RH Petrogas' chairman is Tan Sri Datuk Sir Tiong Hiew King, the Rupert Murdoch of the Chinese media, and the tycoon behind the largest forestry group in the world.

HOW MANY successful local or regional entrepreneurs do you know who is into businesses as diverse as the following?

And now....RH Petrogas:

Tan Sri Datuk Sir Tiong Hiew King, executive chairman, RH Petrogas

RH Petrogas Limited aims to be a leading independent oil and gas company in the region.

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02-Aug-2011 08:21

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FATAL ATTRACTION?

72 PRC Tycoons Died ‘Unnatural Deaths’ Since 2003

Written by Andrew Vanburen (China Correspondent)

Saturday, 30 July 2011 08:12

Former China Mobile vice-chairman Zhang Chunjiang was recently sentenced to death for accepting bribes. Photo: ceoworld.com

SINCE 2003, 72 yuan billionaires in the PRC have met an unnatural demise, with 19 illnesses, 17 suicides, 15 homicides, 14 executions and seven ‘accidents.’

And this month, Mainland Chinese prosecutors have begun targeting perceived executive excesses in the telecom industry, with former China Mobile vice-chairman Zhang Chunjiang recently handed down a death sentence for accepting bribes.

A Chinese language piece in New Culture News asks whether being ultra rich is becoming somewhat of a health hazard.

In a piece entitled: Wealth and Death, the Shortened Lives of the Super-rich, an expert on the social impact of rapid wealth in society says: “In Mainland China it is quite ironic that for a growing number of tycoons, that for which so many of us strive (supreme wealth) and that which we take so many precautions to avoid and delay (death) are becoming oddly intertwined of late.”

China's 'Dead Billionaires Club' accepting new members at somewhat alarming rate

For reference’s sake, let’s begin with the start of the period under study, January 22, 2003.

That marks the fateful, and fatal, day when two childhood friends met in adulthood to discuss a proposed property deal – Feng Yinliang was seeking to sell a parcel of land to Haixin Steel’s billionaire Chairman Li Haicang.

When Li turned his old friend down, Feng pulled out a shotgun, put the sawed-off barrel to his tycoon friend’s head, and pulled the trigger. He then turned the gun on himself, saving the authorities the speedy trial with the identical outcome.

The authorities called it a “commercial dispute” that went horribly wrong, ending in a murder-suicide.

However, it was one of many deaths of PRC billionaires over the past eight years that smack of a latent rage ignited by economic jealousy.

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01-Aug-2011 21:20

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I N S A N E ? ? ? ?

UN B E L I E V A B L E ? ? ? ?

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01-Aug-2011 21:17

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O M G

WHO are beIng cheAted ? ? ? ?

Is there a scAm ? ? ? ?

pharoah88 ( Date: 01-Aug-2011 21:15) Posted:

O M G WHO are beIng cheAted ? ? ? ? Is there a scAm ? ? ? ?

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01-Aug-2011 21:15

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O M G WHO are beIng cheAted ? ? ? ? Is there a scAm ? ? ? ?

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01-Aug-2011 21:08

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WHY ? ? ? ?

WHY is sIngapOre nOt wOrld's No. 1 in HIGHEST Provident Fund's INTEREST RATES ? ? ? ?

WHY is sIngapOre nOt wOrld's No. 1 in HIGHEST Banks' Savings INTEREST RATES ? ? ? ?

O V E R H E A R D :

becaUse these twO items determines the cItizens' WEALTH & RETIREMENT WELLBEING GREATLY ? ? ? ?

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01-Aug-2011 21:02

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Tabulated summary:

Country	Contribution Rate			Nominal interest rate	Partial Withdrawal		Full Withdrawal	Minimum Sum/ Mandatory annuity?
Country	Employer	Employee	Total	Nominal interest rate	Age	Allowed amount	Age	Minimum Sum/ Mandatory annuity?
Malaysia	12%	11%	23%	5.8% (as of 2010)	50	30%	55	No
India	1.11%	12%	13%	9.5% (as of 2010)	54	90%	55	No
Hong Kong	5%	5%	10%	N/A (returns depend on performance of investment funds)	N/A	Not allowed	65	No
Singapore	15.5%	20%	35.5%	2.5% (OA) and 4% (SMRA) Variable rate for SA/RA after Dec 2011	55	Everything except Min. Sum + Medisave Min. Sum	N/A (not possible to withdraw everything due to CPF Life)	Yes

Comparison of real returns from 1999-2009

In order to provide an adequate perspective on how real CPF returns measure up against that of the other countries, I’ve crunched all the above tabulated data and graphed them for better visualisation (click to enlarge) of real returns by the provident funds over the period of 10 years as follows.

Click to enlarge

Notes: IW- Industrial worker, UNME – Urban non-manual employee, AL – agricultural labourer

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01-Aug-2011 21:00

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WHAT ABOUT BANKS' SAVINGS INTEREST RATES COMPARISON ? ? ? ?

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01-Aug-2011 20:57

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Year	Annual Inflation rate	CPF OA interest rate	CPF SA Interest rate	CPF OA real interest rate	CPF RA real interest rate	CPF variable SA Interest rate	CPF SA variable real Interest rate
1999	0.00%	3.46	4.96	3.46%	4.96%	5.50%	5.50%
2000	1.30%	2.50	4.00	1.20%	2.70%	5.37%	4.07%
2001	1.00%	2.50	4.00	1.50%	3.00%	4.49%	3.49%
2002	-0.40%	2.50	4.00	2.90%	4.40%	4.49%	4.89%
2003	0.50%	2.50	4.00	2.00%	3.50%	3.92%	3.42%
2004	1.70%	2.50	4.00	0.80%	2.30%	4.23%	2.53%
2005	0.50%	2.50	4.00	2.00%	3.50%	3.92%	3.42%
2006	1.00%	2.50	4.00	1.50%	3.00%	4.36%	3.36%
2007	2.10%	2.50	4.00	0.40%	1.90%	3.88%	1.78%
2008	6.60%	2.50	4.00	-4.10%	-2.60%	3.78%	-2.82%
2009	0.60%	2.50	4.00	1.90%	3.40%	3.31%	2.71%

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01-Aug-2011 20:54

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India
Year	Nominal EPF interest rate	Inflation rate for			Real EPF interest rate for
Industrial workers	Urban non-manual employees	Agricultural labourers	Industrial workers	Urban non-manual employees	Agricultural labourers
1998-1999	12%	13.1%	11.6%	11.0%	-1.1%	0.4%	1.0%
1999-2000	11%	3.4%	4.5%	4.4%	7.6%	6.5%	6.6%
2000-2001	11.25%	3.7%	5.4%	-0.3%	7.5%	5.9%	11.6%
2001-2002	9.50%	4.3%	5.1%	1.3%	5.2%	4.4%	8.2%
2002-2003	9.50%	4.1%	3.8%	3.2%	5.4%	5.7%	6.3%
2003-2004	9.50%	3.7%	3.7%	3.8%	5.8%	5.8%	5.7%
2004-2005	9.50%	4.0%	3.8%	2.7%	5.5%	5.7%	6.8%
2005-2006	8.50%	4.2%	4.6%	3.8%	4.3%	3.9%	4.7%
2006-2007	8.50%	6.8%	6.6%	7.6%	1.7%	1.9%	0.9%
2007-2008	8.50%	6.4%	6.0%	7.6%	2.1%	2.5%	0.9%
2008-2009	8.50%	9.0%	8.9%	10.0%	-0.5%	-0.4%	-1.5%
2009-2010	9.50%	12.4%	13.0%	14.0%	-2.9%	-3.5%	-4.5%
Notes: Real interest = nominal rate – inflation rate

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01-Aug-2011 20:49

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http://furrybrowndog.wordpress.com/2011/03/19/a-comparative-analysis-of-real-cpf-returns-and-other-provident-funds/

Is this TRUE and TRUE ? ? ? ?

MALAYSIANS are VERY RICH NOW ? ? ? ?

pharoah88 ( Date: 01-Aug-2011 20:46) Posted:

Malaysia
Year	Inflation rate	EPF Interest rate	Real interest rate
1983	3.7%	8.5%	4.8%
1984	3.6%	8.5%	4.9%
1985	0.5%	8.5%	8.0%
1986	0.5%	8.5%	8.0%
1987	0.8%	8.5%	7.7%
1988	2.6%	8.0%	5.4%
1989	2.9%	8.0%	5.1%
1990	3.1%	8.0%	4.9%
1991	4.2%	8.0%	3.8%
1992	4.8%	8.0%	3.2%
1993	3.6%	8.0%	4.4%
1994	3.9%	8.0%	4.1%
1995	3.5%	7.5%	4.0%
1996	3.5%	7.7%	4.2%
1997	2.5%	6.7%	4.2%
1998	5.2%	6.7%	1.5%
1999	2.8%	6.8%	4.0%
2000	1.5%	6.0%	4.5%
2001	1.4%	5.0%	3.6%
2002	1.8%	4.3%	2.5%
2003	1.2%	4.5%	3.3%
2004	1.4%	4.8%	3.3%
2005	3.0%	5.0%	2.0%
2006	3.6%	5.2%	1.6%
2007	2.0%	5.8%	3.8%
2008	5.4%	4.5%	-0.9%
2009	0.6%	5.7%	5.0%
2010	2.4%	5.80%	3.4%

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01-Aug-2011 20:46

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Malaysia
Year	Inflation rate	EPF Interest rate	Real interest rate
1983	3.7%	8.5%	4.8%
1984	3.6%	8.5%	4.9%
1985	0.5%	8.5%	8.0%
1986	0.5%	8.5%	8.0%
1987	0.8%	8.5%	7.7%
1988	2.6%	8.0%	5.4%
1989	2.9%	8.0%	5.1%
1990	3.1%	8.0%	4.9%
1991	4.2%	8.0%	3.8%
1992	4.8%	8.0%	3.2%
1993	3.6%	8.0%	4.4%
1994	3.9%	8.0%	4.1%
1995	3.5%	7.5%	4.0%
1996	3.5%	7.7%	4.2%
1997	2.5%	6.7%	4.2%
1998	5.2%	6.7%	1.5%
1999	2.8%	6.8%	4.0%
2000	1.5%	6.0%	4.5%
2001	1.4%	5.0%	3.6%
2002	1.8%	4.3%	2.5%
2003	1.2%	4.5%	3.3%
2004	1.4%	4.8%	3.3%
2005	3.0%	5.0%	2.0%
2006	3.6%	5.2%	1.6%
2007	2.0%	5.8%	3.8%
2008	5.4%	4.5%	-0.9%
2009	0.6%	5.7%	5.0%
2010	2.4%	5.80%	3.4%

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