Latest Posts By pharoah88
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| 10-Aug-2010 12:02 |
User Research/Opinions
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^ Productivity ^ [Effecacy Efficiency Economy]
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Disappointed over NCPC rejection Letter from Paul Wee Chairman, Tanjong Pagar Cantonment Towers RC I REFER to the report, “Here comes project X Long” (Aug 5), in which Mr Alvin Yeo, the chairman of the Government Parliamentary Committee (Law and Home Affairs), was quoted as saying that the community has been playing a pivotal role in tackling crimes especially in the heartlands. Mr Yeo also said the formation of Neighbourhood Watch Groups (NWG) was useful because the POLICE could NOT be present everywhere, all the time. [## Is this the CASE of tOO many GENERALS but nOt enOught sOodiers ? ? ? ? ## ] Like most if not all the residents committees in Singapore, my Cantonment Towers Residents’ Committee has not only had a NWG, we even have two estate warden schemes — one with adult resident volunteers, and another consisting of young resident members in their teens. The main aim of our estate warden scheme is crime prevention. As volunteers with limited manpower resources, we find advances in technology most helpful — such as mass response alerts through mobile phones, SMSes, closed-circuit television (CCTV) and the Internet, all of which we have been among the first to implement and use. After a recent spate of loan shark attacks in our estate, my RC had, with the blessings of the police, Town Council and the Housing and Development Board, decided to install more CCTVs but this time, at vantage points of entry/exit for a better watch of our estate. As the NATIONAL CRIME PREVENTION Council (NCPC) provides up to $500 annually to NWGs to fund their anti-crime programmes, we have applied for it, with the balance to be paid by my RC. But imagine our utter disappointment when our application was rejected because our installation of the security cameras had missed the NCPC’s deadline by several days because the contractor had been unavailable with installations elsewhere. If indeed the community is valued as pivotal in crime prevention, why then does the NCPC adopt such an ATTITUDE, especially when CRIME can STRIKE ANY TIME when we are least prepared? |
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| 10-Aug-2010 11:54 |
User Research/Opinions
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^ Productivity ^ [Effecacy Efficiency Economy]
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Systematic Productivity Paradigm - Efficacy - Efficiency - Economy |
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| 10-Aug-2010 11:43 |
User Research/Opinions
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~~~~ CORPORATE GOVERNANCE ~~~~
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Shark’s fin gaffe Offers ended early but some continue promotions Letter from Jennifer Lee ABOUT two weeks ago, a concerned Hong Kong citizen saw a Citibank (Hong Kong) promotion advertising discounted shark’s fins. He started a Facebook group page demanding Citibank HK cease all promotions related to the sale of shark’s fins. Within a week, the group had gained 1,000 supporters and Citibank HK, to its credit, reacted almost immediately, ending the promotion early. Then, the spotlight was turned on Citibank (Singapore), as people around the world found out about its promotion with a restaurant selling shark’s fins here. Likewise, Citibank ended the promotion, which was set to run until Dec 31. Citibank’s efficient, “No-Excuses” RECOVERY from the environmental gaffe is admirable. However, there are still a number of well-known companies in SINGAPORE that continue to harm the world’s shark population, such as other banks running joint promotions boosting the sales of shark’s fins, firms hosting business lunches with shark’s fin on the menu, or giving shark’s fin as gifts to corporate partners. The Citibank saga can be a good learning point for all image-conscious companies seeking to be socially and environmentally responsible, that it is never too late to do the RIGHT THING. Of the 100 million sharks killed annually, 73 million are killed for only their fins. This figure excludes unreported and illegal fishing. More often than not, the fins are removed while the shark is alive and the finless body is thrown back into the ocean. The BLEEDING SHARK suffers a slow death, unable to feed or breathe. It can sit on the seabed for days before finally dying from blood loss and suffocation. Singapore, despite its size, is currently among the world’s largest entrepot ports for the fin trade, as well as high on the list of consumers. |
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| 10-Aug-2010 11:34 |
Others
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GIC and Temasek
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The FIRST GOVERNANCE in HR APPOINTMENT is to VERIFY QUALIFICATION DID HR VERIFY THE CANDIDATE'S QUALIFICATION ? ? ? ? DID DBS sued the EX-CEO to recover all the SALARIES AND BONUSES PAID and CLAIM DAMAGES on this "QUALIFICATION FRAUD" ? ? ? ? WHY NOT ? ? ? ? They can even do it NOW ? ? ? ?
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| 10-Aug-2010 11:30 |
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GIC and Temasek
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lOOks like the COMPLETE "lOss" is nOt yet FULLY WRITTEN OFF. Which means there will cOme the THRID and FORUTH and . . . . CHARGES
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| 10-Aug-2010 11:26 |
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GIC and Temasek
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There was a TIME numerous Top and Senior Corporate Management sent themselves to HARVARD SENIOR MANAGEMENT PROGRAM which did not require examinations. Probably paid by company HR too. Is this considered "CORRUPTION" ? ? ? ?
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| 10-Aug-2010 11:12 |
User Research/Opinions
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~~~~ CORPORATE GOVERNANCE ~~~~
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CORPORATE GOVERNANCE | |||||||||
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| 10-Aug-2010 10:37 |
Fixed Deposits
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^ GOLD & SILVER ^
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Long term prices are meaningless As I mentioned earlier, basing your outlook for any commodity on long-term prices leads to very misleading conclusions. For example, take a look at this chart of historical silver prices (it also conveniently overlays the gold/silver ratio, displayed on the right scale).
In 1477, the inflation-adjusted price of silver was near $800/ounce. Does that mean silver will ever approach those levels again? Of course not. As you can see in the chart, HUGE silver discoveries in the New World FLOODED the market with silver, degrading its value greatly. Gold became the favored hard currency due to continued scarcity and superior shininess, and the rest is history. |
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| 10-Aug-2010 10:34 |
Fixed Deposits
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^ GOLD & SILVER ^
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Gold's Small but Steady Industrial Demand Prior to the mid 1900's, gold was simply a store of wealth. That's all. Gold was money — often tied directly tied to major currencies like the dollar, and interchangable with many of them. Back then, gold wasn't used in everyday items like HDMI Monster Cables or iPhones. Back in the day, industrial demand for gold was nill. You don't need the perfect electrical conductor, gold, which is highly malleable, resistant to corrosion, and shiny/pretty, until you have a huge market for electronics. And as far as I can tell, gold as an ingredient in liquor is only a recent phenomenon. |
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| 10-Aug-2010 10:32 |
Fixed Deposits
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^ GOLD & SILVER ^
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Foretelling Inflation & Financial Chaos Mr. Ameriks last point is probably the most interesting. He says, "The basis for making an investment in gold now is a conviction that the worst is yet to come." I figured anybody who follows finance knew that the worst is yet to come. Another meltdown is simply inevitable. States are broke, and the Feds are too. Entitlement programs are starting to buckle under the weight of baby-boomers. We're going to print our way out of this one, and it will not be pretty. All these things are why I own gold stocks, and a little bullion too. If you arent' sure where to start investing in gold stocks, I recommend reading this research report by my friend Luke Burgess. In it, he explains how an Idaho gold miner secured the rights to millions of ounces of gold at $50 an ounce. Gold today trades for around $1200. You do the math. It's a killer opportunity. Until next time, Adam Sharp |
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| 10-Aug-2010 10:22 |
Fixed Deposits
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^ GOLD & SILVER ^
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| 10-Aug-2010 10:16 |
R H Energy
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Booming oil & gas sector
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R H Energy Ltd reported 2Q10 net profit of US$682k, reversing from net loss of US$784k in 2Q09 |
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| 09-Aug-2010 15:38 |
Genting HK USD
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Genting HK US$
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Singapore launches Construction of International Cruise TerminalSingapore has taken a step closer to becoming the most advanced cruise hub in the region with a groundbreaking ceremony to launch construction of its International Cruise Terminal (ICT). To be completed by the end of 2011, the International Cruise Terminal ICT will double Singapore’s berth capacity and enable more cruise ships to homeport and call on Singapore and Asia. With the ICT’s deep waters, a large turning basin and lack of height restrictions, the world’s largest ships, such as the Oasis- class ships being built now, will be able to call at Singapore and enjoy dedicated cruise terminal facilities. It will complement the existing Singapore Cruise Centre at the Southern Waterfront precinct. Singapore’s first purpose-built cruise terminal has been designed to ensure smooth and seamless accessibility for both passengers and cruise ships, to achieve quick passenger turnaround of 30 minutes from the point of disembarkation to the point of departure from the terminal. Its state-of-the-art functional capabilities and distinctive nautical-themed architecture harmonises with the terminal’s functions and settings to enhance the sense of arrival for cruise passengers, and will add to the architectural gems of the Singapore skyline in the Marina Bay area. The new terminal is expected to meet the projected growth of the Asia Pacific cruise industry, which constitutes about 7% of the world’s cruise market today. The region continues to be a vital source of cruise passengers as well as an exotic and desirable destination for avid cruise passengers from the Western markets. Asia, with its year-round tropical climate, varied landscapes, warm hospitality and multi-cultural appeal, fueled by the growth of low cost carriers and the traffic that they generate, is fast becoming the new cruise playground. The world’s top cruise players are increasing their presence in Asia and offering more cruises with Asian itineraries. Ms Aw Kah Peng, Chief Executive of the Singapore Tourism Board, highlighted the growth potential of Singapore’s cruise industry, “Singapore’s cruise passenger throughput has grown steadily, registering a healthy average annual growth rate of 12% between 2003 and 2008. The industry has remained resilient amid the economic downturn, evident in the 20% growth in arrivals in the first half of this year against the same period last year. The STB targets to attract 1.6 million cruise passengers by 2015.” According to the Singapore Cruise Centre, more than 1,000 ships called last year, contributing to a passenger throughput of over 920,000. The majority of these passengers were from Indonesia, India, Malaysia, Australia, New Zealand and Europe - demonstrating Singapore’s international appeal as a cruise destination. The first half of 2009 saw 540,000 cruise arrivals and it is projected that Singapore will welcome its one-millionth cruise passenger by year end. The ICT was designed by internationally-renowned architects, Bermello, Ajamil & Partners, Inc. (BA) and RSP Architects Planners & Engineers (Pte) Ltd. JTC Corporation, the leading agency in industrial development, was appointed as the Development Agent of the ICT. |
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| 09-Aug-2010 15:29 |
Genting HK USD
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Genting HK US$
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The International Cruise Terminal at Marina South, to be completed by the end of next year, is supposed to be able to accommodate the world's biggest cruise liners. -- PHOTO: SINGAPORE TOURISM BOARDTHE quest to find an operator for Singapore's International Cruise Terminal (ICT) has hit a snag with barely 1 1/2 years to go before its completion. A tender to find an operator for the $500 million terminal in Marina South was held in the last quarter of last year. Response to the tender was lukewarm, with only seven companies picking up documents for it. Read the full story in Saturday's edition of The Straits Times. weichean@sph.com.sg   Text size
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| 09-Aug-2010 15:22 |
Genting HK USD
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Genting HK US$
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SINGAPORE CRUISE CENTRE |
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| 09-Aug-2010 14:22 |
Others
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TRADE FREELY & LiVE LONGER
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| 09-Aug-2010 14:08 |
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TRADE FREELY & LiVE LONGER
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| 09-Aug-2010 13:35 |
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TRADE FREELY & LiVE LONGER
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‘I want to have $1 million and a condo by 35’ Shawn Bock, 28, financial services manager
He plans to marry by 30, get an industry certificate and become a director in his company by 31, and have $1 million in his bank account and a condominium apartment by the age of 35. “I don’t want to stay where I am,” said the 28-year-old financial services manager, who is just a tenth of the way to his goal of $1 million, and believes he can get there by saving more than half his pay and investing prudently. “I don’t speculate in stocks or take too much risk. I go for the long-term horizon; I accumulate bit by bit. I don’t enter and exit the market just to make that extra 3 per cent,” said Mr Bock, he lives with his parents. Like him, they work in Prudential. Life could have taken a very different path for the biomedical science graduate, who once considered a career in life science. The change of heart was because he realised that “to get any kind of meaningful career in life science ... it’s very limited by paper qualifications”. An alternative presented itself when he was 21: His father offered him a shot at being a part-time consultant. He enjoyed the business so much that “when I graduated, I didn’t think twice about joining full-time”. He added: “I enjoy talking to people. If you’re in life science, you talk to the test tube.” He is now aiming to complete the Chartered Financial Consultants programme in three years’ time. But don’t get Mr Bock wrong. Success, he believes, is not just measured by the size of one’s bank balance. “I want to be able to enjoy my work, enjoy quality family life and have my leisure time.” He added: “I think once I hit a certain level of earnings or savings, I want to do something meaningful, and help people.” He says he wants to help the elderly by adopting a charity and volunteering his time. For now, with his sights on his more immediate goals, Mr Bock works longer hours, often going to office by 8.30am and rarely getting home before 11pm. His weekends are just as packed — with client meetings, badminton, church, dates with his girlfriend and spending time with his family. Not many people can say they have a roadmap of their life, but Shawn Bock knows where he wants to go and how to get there.MICHELLE KWARA |
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| 09-Aug-2010 13:30 |
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TRADE FREELY & LiVE LONGER
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‘I aim to start a hedge fund by the time I graduate’ Wong Jian Hui, 24, business undergraduate W The self-proclaimed “typical guy” made his first $100,000 in stock profits at the age of 21 and paid for his first sports car (a Mazda RX8) in full when he was just 23. Mr Wong now has dreams of starting his own hedge fund. The former Anglo-Chinese School (Independent) boy has his dad to thank for exposing him to the world of investing at the age of 18: On many a night, he watched his father check stock prices on television. To date, the young man’s largest one-off gain stands at a whopping $120,000. Still, despite being half a millionaire, Mr Wong, a first-year student at the Singapore Management University, insists he doesn’t over-indulge. “I can wear Chinamade clothes; I’m not spoilt. Sometimes I don’t even want to drive into the CBD because the parking is so expensive. There was once I parked for two hours, and the fee came up to $9. I was like, are you insane? I can do better things with $9.” Better things such as starting a business. The young entrepreneur also gets passive income from a tuition centre he set up five years ago. “My dad told me to draw him up a decent proposal for the business and he’d give me the money, as long as I came back with more (money).” Mr Wong bases his investment decisions on world events and technical analysis, studying stock charts and taking note of prices and movements over the years. But to those who see dabbling in stocks as a quick way to get rich, he says: Forget it. “Stocks are high-risk, high-return. Don’t try it if you don’t know how, or hope to be a millionaire overnight. If you want that, you should go and buy Toto — just don’t count on the stock market because it’s not going to happen,” he said. While he volunteers with the annual Boys Brigade Sharity Gift Box project, Mr Wong says big-money philanthropy isn’t quite his thing. “I agree I could do better because the donations I make are hardly anything to shout about ... I feel that when it comes to charity, it’s not all about the money. If you make an impact, that’s more important and more worth it.”
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| 09-Aug-2010 13:22 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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CITIZENS COME FIRST We will develop and invest in our peoplethe Singapore team with talent and numbers from abroad., but we also need to reinforce This is critical to us. Other countries are not only much larger than us, but have far deeper pools of talent than we have. We must make up for the shortage of Singaporean workers in our economy and the shortfall of babies in our population. Without an inflow, over time our economy and society will lose vibrancy, our citizens will enjoy fewer opportunities, and our shining red dot will grow dimmer. I understand Singaporeans’ concerns about taking in so many foreign workers and immigrants. Some of us wonder: Will it change the ethos of our society? Will it mean more competition for us at work, or for our children in schools? Will the new arrivals strike roots here? Can they adjust to us, and we to them? These are valid concerns which we must address. We will control the inflow, to ensure that it is not too fast, and not too large. We will only bring in people who can contribute to Singapore, and work harder to integrate them into our society. And we will make clear that citizens come first. After all, we are doing this for the sake of Singaporeans. We cannot do without a proportion of foreign workers, or a continuing flow of Permanent Residents and new citizens. Let us welcome them with an open heart, help them to fit in and encourage those who will become citizens to strike roots here. If we do this well, by the next generation, their children will be native Singaporeans. Remember, we ourselves are descendants of immigrants too. With new arrivals living and working harmoniously with those born here, we will keep Singapore dynamic, cosmopolitan, and successful. |
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