ShareJunction - Member Posts

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"very good safeguards" is prObably a typO errOr.

the cOrrectiOn wOuld prObably bE

#### very gOOd OFFguards ####

pharoah88 ( Date: 06-Jul-2010 11:27) Posted:

Actually, we have very good safeguards.

We have multiple redundancies built into our systems and it’s actually quite perplexing that the redundancies did not kick in as we normally would expect them to.

DBS Group Holdings

chief executive Piyush Gupta

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iS iT sustaInable ? ? ? ?

Does that mean ALL NOL contaIner shIps

are nOw fUlly deployed ? ? ? ?

In that case, Share prIce wIll dOuble ? ? ? ?

keepinvest ( Date: 05-Aug-2010 11:14) Posted:

The latest result is period 6.

It has returned back to pre-crisis level: NOL_Operating_Performance_for_P6_2010.pdf

See for yourself.

happylee ( Date: 05-Aug-2010 09:57) Posted:

What I heard was NOL Container shipping volume and freight rates continued rebounding in

period 5.

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BANK is SURE to make MONEY

When Depositor saves     S$1 at 0.75% interest,

Bank lends out S$19    (CAR at 5%)     at 5.00%.

Bank lends out S$9      (CAR at 10%)   at 5.00%

Bank lends out S$6.67 (CAR at 15%)  at   5.00%

Interest Gross Margin:

(5.00 - 0.75) / 0.75 = 5.67 Times or 567%

Deposit Multiplier Gross Margins:

For CAR at 5%,    S$19 / S1 = 19 Times or 1900%

For CAR at 10%,  S$9 / S1 = 9   Times or 900%

For CAR at 15%, S$6.67 / S$1 = 6.67 Times or 667%

From the above banking concept, the bank profit quantum sEEms LiKE the iNfamOus "LOAN SHARK"

BANK DepOsitor lOOks  "EXTREMELY EXPLOiTED" by the Banking System ? ? ? ?

Especially, when the Bank Deposit had nO iNsurance UNtil  nOt sO lOng agO On Only S$20,000 LiMiT.

MAS's Capital Adequacy Ratio Requirement is 10%

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SiNGAPORE & DBS OFF-guarded since 2004

http://www.thestandard.com.hk/stdn/std/Front_Page/FJ06Aa01.html

x 0

SiNGAPORE fInancIal gymnastIcs

at DBS ? ? ? ?

alooloo ( Date: 06-Jul-2010 11:21) Posted:

please don't claim that they are off-guarded

In the first place, there is no evidence that they are guarding against anything...
why should they guard when they have all the reason that they won't fail
probably 10years later, Singapore is not big enough for multiple bank... need to consolidate to 1 bank so the bank have competitive advantage in global market...

pharoah88 ( Date: 06-Jul-2010 11:02) Posted:

SiNGAPORE & DBS OFF-guarded since 2004

http://www.thestandard.com.hk/stdn/std/Front_Page/FJ06Aa01.html

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Recently on Sunday Times

Minister George said he accepted China's claim that

SiNGAPROE is "BONSAI"

everything is sO small and

can be tailOred made like "BONSAI"

Salute ( Date: 05-Aug-2010 11:52) Posted:

Hi, Bonsai== manupulated? Dont really understand what it mean, am very square

pharoah88 ( Date: 05-Aug-2010 11:28) Posted:

"BONSAI" market ? ? ? ?

x 0

cIgarette

is

crImes drIver

x 0

smOkIng is crImInal

tO

nOn-smOker

pharoah88 ( Date: 04-Aug-2010 11:53) Posted:

SMOKE still gets in our EYES

STRICTER LAWS are NEEDED

Letter from Yee Ming Fai

I REFER to the letter from Tang Li (“It’s time to relook our anti-smoking strategy”, Aug 2).

Mr Tang is absolutely right in drawing attention to the problem of the growing number of smokers. However, the CRUX remains that smoking harms “innocent bystanders” and therefore it cannot be regarded simply as an activity of personal choice.

I do not find the new rules prohibiting on smoking in certain public areas effective.

The young children who breathe in the second-hand smoke of their caregivers or parents, whether at home or outdoors, are not protected. In sheltered hawker centres, designated smoking areas are located adjacent to non-smoking tables or tables designated for the mobility-impaired, so there is no protection for the public occupying such seats. At bus-stops and MRT stations, we are still assailed by cigarette smoke generated just outside the no-smoking zones.

More can be done to protect the PUBLiC from Second-Hand SMOKE.

We have put into place drastic measures on chewing gum successfully; I wonder WHY the smoking problem is not dealt with more aggressively.

When in Japan, I observed no one smokes while on the move. They make it a point to stop at a isolated corner or smoking room before lighting up. If a change of the collective smoker mindset toward civic consciousness cannot be engendered, harsher laws will have to suffice instead.

Out of sight, out of mind?

Letter from Karsten Cramer

WHILE I agree with Mr Tang that different approaches are needed to supplement Singapore’s anti-smoking efforts, I DISagree with the letter’s contention that “short of banning cigarettes, we have done everything possible to stop people from smoking”.

One of the more obvious strategies that has not yet been implemented is to prohibit shops from openly displaying cigarettes and other tobacco products for sale.

This is unlikely to stop a diehard smoker from asking for a pack from the shop attendant, but it might help to cut down on those who are just adopting the habit and making a purchase on impulse.

This approach has proven effective in other jurisdictions, such as some Canadian provinces. Over time, perhaps “out of sight, out of mind” could help to cut down on smoking in Singapore, too.

The peak-hour smokeout

LIKE Mr Tang, I, too, believe more can be done about the problem of smoking.

It’s not uncommon to see smokers lighting up and puffing away along pathways leading to MRT stations during morning peak hours, while non-smokers behind them hold their breath and try to overtake them to minimise the amount of smoke they inhale.

Why should smokers get to enjoy themselves at the expense of non-smokers’ health?

Perhaps it is time to designate all pathways as non-smoking zones — at least during peak hours, when so many people are on the pavements rushing to or from work.

Letter from Chan Lai Ying

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lOOks like

SiNGAPORE fInancIal flOOd

at DBS

x 0

A ‘proportionate’ penalty ... cOntInues

The central bank said in a press release that the incident has revealed “weaknesses in DBS’ technology and operational risk management controls”.

MAS said DBS was partly at fault because of inadequate oversight of how its systems, which were outsourced to IBM, were maintained.

Besides the censure, MAS set out eight measures for the bank to adopt.

Among these, DBS has to diversify and reduce outsourcing risks “so that it does not overly rely on a single service provider”.

DBS must also review its outsourcing vendors’ maintenance processes to ensure their technicians have the requisite level of skill, capability and experience. MAS deputy managing director (financial supervision) Teo Swee Lian said: “We expect all financial institutions to put in place a robust technology risk management framework that will ensure the reliability, resiliency and speedy recoverability of the institution’s systems and infrastructure, whether outsourced or in-house.”

Mr Andrew Sotiropoulos, who is IBM’s Asia Pacific general manager for global technology services, blames the outage squarely on “human error”.

One of IBM’s field engineers and a support centre worker had repeatedly failed to follow the correct procedures during the routine repair job, he said at a joint press conference with DBS.

The pair have been disciplined and removed from direct customer support activity.

As to whether IBM’s existing contracts with DBS would be affected or if compensation was being sought, Mr Gupta said the focus is on “remedial action”.

Since last year, DBS had begun enhancing its system reliability and resilience. That process will now be accelerated, Mr Gupta assured.

Mr David Gledhill, managing director and head of DBS technology and operations, said the bank would “refresh” its existing systems to minimise glitches. Staff will go for weekly technology forums to stay abreast of proper processes.

MAS also directed DBS to “improve its customer communication process and ensure timely communication with stakeholders with immediate effect”.

To that end, DBS said it will also improve its monitoring tools so there can be earlier alerts about possible failures.

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"BONSAI" market ? ? ? ?

Salute ( Date: 05-Aug-2010 11:22) Posted:

qi guai. DBS rising now despite all the recent trouble.

x 0

lOOks lIke

The SiNGAPORE

fInancIal flOOd

at DBS

pharoah88 ( Date: 05-Aug-2010 11:21) Posted:

A ‘proportionate’ penalty ... cOntInues

The central bank said in a press release that the incident has revealed “weaknesses in DBS’ technology and operational risk management controls”.

MAS said DBS was partly at fault because of inadequate oversight of how its systems, which were outsourced to IBM, were maintained.

Besides the censure, MAS set out eight measures for the bank to adopt.

Among these, DBS has to diversify and reduce outsourcing risks “so that it does not overly rely on a single service provider”.

DBS must also review its outsourcing vendors’ maintenance processes to ensure their technicians have the requisite level of skill, capability and experience. MAS deputy managing director (financial supervision) Teo Swee Lian said: “We expect all financial institutions to put in place a robust technology risk management framework that will ensure the reliability, resiliency and speedy recoverability of the institution’s systems and infrastructure, whether outsourced or in-house.”

Mr Andrew Sotiropoulos, who is IBM’s Asia Pacific general manager for global technology services, blames the outage squarely on “human error”.

One of IBM’s field engineers and a support centre worker had repeatedly failed to follow the correct procedures during the routine repair job, he said at a joint press conference with DBS.

The pair have been disciplined and removed from direct customer support activity.

As to whether IBM’s existing contracts with DBS would be affected or if compensation was being sought, Mr Gupta said the focus is on “remedial action”.

Since last year, DBS had begun enhancing its system reliability and resilience. That process will now be accelerated, Mr Gupta assured.

Mr David Gledhill, managing director and head of DBS technology and operations, said the bank would “refresh” its existing systems to minimise glitches. Staff will go for weekly technology forums to stay abreast of proper processes.