Latest Posts By pharoah88
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| 28-Jul-2010 15:38 |
Genting Sing
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GenSp starts to move up again
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Genting S’pore off 0.8%; Eyes on 2Q10 results Genting Singapore (G13.SG) off 0.8% at $1.25, pausing for breather after run-up in early trade to six-month high of $1.27, according to Dow Jones. Shares up for last 4 sessions, +7.7% since beginning July, on broad market gains, optimism over recent move to sell money-losing UK operations to focus on Resorts World Sentosa. Next catalyst could be 2Q10 results, due next month, as performance will reflect full quarter of contributions from RWS, which opened in February. Deutsche Bank, which has Buy call with $1.45 target, tips EBITDA of $314 million (+151% on quarter); “Genting Singapore’s 2Q results should confirm our expectation of a significant 50%-60% quarter-on-quarter growth in Singapore’s gaming market size.” Current volume mere fraction of yesterday’s 172.4 million shares, suggesting underlying demand intact. Support at 10-day moving average, last at $1.21. |
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| 28-Jul-2010 15:23 |
TeleChoice Intl
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Telechoice
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Using EXCHANGE RATE to CONTROL INFLATION is a FLAWED CONCEPT EXCHANGE RATE can ONLY TRY TO CONTROL EXTERNAL INFLATION HIGH INTEREST RATE is THE ONLY CONTROL on INTERNAL INFLATION LOW INTEREST RATE is THE PRIMARY DRIVER for INTERNAL INFLATION INTERNAL INFLATION IMPOVERISHES the CONSUMERS ESPECIALLY THE - FIXED DEPOSIT SAVERS - RETIREES - UNEMPLOYED - LOW INCOME EARNERS |
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| 28-Jul-2010 15:21 |
Fixed Deposits
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SGD Cash Deposit
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lowest interest Rates - RETARD the RiSE in MARKET DRiVEN EXCHANGE RATES due to the absence of MARKET DRiVEN EQUiLiBRiUM - iNDiRECTLY iNDUCE HiGHER than MARKET DRiVEN EXTERNAL iNFLATiON CAUSED by the SEVERE LAG in MARKET iNTEREST RATES RiSE due to the below Equilibrium ARTIFICIALLY FIXED EXCHANGE RATES - DiRECTLY DRiVE iNTERNAL iNFLATiON tO its PEAK in the absence of the OFFSET from Market Equilibrium iNTEREST RATES |
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| 28-Jul-2010 15:09 |
Fixed Deposits
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SGD Cash Deposit
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Interest rates justified ? The Government has adjusted its GDP growth forecast twice due to the very strong economic data in the first two quarters. Consumer confidence is picking up, property prices are red hot. But the bank interest rate is miserably low, close to ZERO per cent. As a layman, I do not understand why we cannot get a better return from putting our money in a bank now, since the economy has registered such STRONG FiGURES. I can understand why the United States and some Western countries are still keeping ultra-low interest rates because their governments want to encourage spending to boost the economy. Is the time ripe for the Monetary Authority of Singapore to consider raising the interest rate in the near term? Letter from Andrew Tan |
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| 28-Jul-2010 15:00 |
Fixed Deposits
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SGD Cash Deposit
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iPhone 4G is made in CHINA iPhone 4G is shipped in CHINA Singapore is much MUCH NEARER than USA Singapore pays much MUCH lower FREIGHT RATES than USA Singapore uses STRONG EXCHANGE RATE to eliminate EXTERNAL INFLATION Americans' Income is HiGHER than SINGAPOREANS' Income Americans' Salaries are HiGHER than SINGAPORE foreign labour's wages US sell iPhones at USD 199 and USD 299 SiNAGPORE sells iPhones at S$480 [=USD 350.00] and S$680 [=USD 496.35] W H Y ? ? ? ? |
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| 28-Jul-2010 14:48 |
Others
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Market News that affect STI
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iS COV a HinT or an EVIDENCE ? ? ? ? OWNER, SELLER, BUYER are BETTER in VALUATION than the PAID VALUER ? ? ? ? |
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| 28-Jul-2010 14:44 |
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Market News that affect STI
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Tax COV as income? Letter from Johnnie Chia The current feeling is that the Housing Board will not interfere in the cash-over-valuation (COV) for HDB flats between buyers and sellers. In the past, when the process of reselling HDB flats was tightly regulated, and property agents were not allowed to deal in such transactions, there was no such thing as a COV. When the resale market rules were relaxed, some enterprising flat owners began asking for “under the table” money, above the official valuation; this was illegal then, and a number of such people were caught. I believe that COV evolved from such early beginnings. Today, COV is accepted as part of a property transaction. The primary trigger for the rise in COV lies in the valuation process: “Valuation” in Singapore is a table top exercise, with the valuer considering only broad factors and past trends. With such an approach, there will definitely be Variances in Valuation between individual flats, even in the same block. On the other hand, if the valuation process is refined, I guess other problems may crop up. If there is a status quo in the valuation process, then, perhaps, the COV should be taxed as income. After all, when property is sold at valuation, any gains the seller reaps are capital gains, and not taxable here. Therefore, any surplus above the valuation cannot be capital gains and must be deemed as income. The seller still keeps a portion of the surplus, but the Government now shares in the surplus. If this money is then channelled back to the town council where the transaction took place, that would really be an incentive for the respective town councils to make the estate even more valuable. This would be a neat way to solve a knotty problem, and the market forces will still be left to find their own equilibrium.
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| 28-Jul-2010 14:32 |
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Market News that affect STI
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Jeyaretnam to head Law Firm SINGAPORE The firm said yesterday that Mrs Helen Yeo, who had served in the role for eight years since she merged HelenYeo & Partners with Rodyk in 2002, will step down at the end of December. She would have reached the contractual retirement age of 60 for equity partners in the firm. Mrs Yeo will move into a new role as senior consultant. She will continue to look after key client relationships that she has built for the firm and assist in developing new business, the law firm said. Mrs Yeo described Mr Jeyaretnam, 46, as having one of the finest minds in the profession and is confident that he has the leadership and vision to take Rodyk to new heights. Mr Jeyaretnam said Rodyk will continue to strengthen and deepen its talent pool to serve clients effectively. The leadership succession comes at a significant time in its history: Rodyk celebrates its 150th year next year. — Senior Counsel Philip Jeyaretnam will take over as managing partner of Rodyk & Davidson, the nation’s OLDEST law practice, from January. |
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| 28-Jul-2010 14:28 |
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Market News that affect STI
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Can COV Scheme be applied to the SELLING of CPF shares ? ? ? ? |
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| 28-Jul-2010 14:23 |
TeleChoice Intl
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Telechoice
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Can Consumer in SiNGAPORE pay CASH in USD ? ? ? ? 199 USD 299 USD |
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| 28-Jul-2010 14:19 |
TeleChoice Intl
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Telechoice
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iPhone 4G is made in CHINA iPhone 4G is shipped in CHINA Singapore is much MUCH NEARER than USA Singapore pays much MUCH lower FREIGHT RATES than USA Singapore uses STRONG EXCHANGE RATE to eliminate EXTERNAL INFLATION Americans' Income is HiGHER than SINGAPOREANS' Income Americans' Salaries are HiGHER than SINGAPORE foreign labour's wages US sell iPhones at USD 199 and USD 299 SiNAGPORE sells iPhones at S$480 [=USD 350.00] and S$680 [=USD 496.35] W H Y ? ? ? ? |
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| 28-Jul-2010 14:09 |
TeleChoice Intl
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Telechoice
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^cOrrectiOn^ 1 USD = S$1.3700 [Round UP] 100 USD = S$137.00 199 USD = S$272.63 200 USD = S$274.00 299 USD = S$409.63 300 USD = S$411.00 SINGAPORE SALE PRICES USD 199 >>> S$480 [>76.06%] USD 299 >>> S$680 [>66.00%] |
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| 28-Jul-2010 14:01 |
TeleChoice Intl
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Telechoice
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1 USD = S$1.3700 [Round UP] 100 USD = S$137.00 199 USD = S$272.63 200 USD = S$398.00 299 USD = S$409.63
SINGAPORE SALE PRICES USD 199 >>> S$480 USD 299 >>> S$680
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| 28-Jul-2010 13:53 |
TeleChoice Intl
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Telechoice
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| 28-Jul-2010 13:50 |
TeleChoice Intl
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Telechoice
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iPhone 4 announced, launching June 24 for $199 with new FaceTime video chatBy Paul Miller
 posted Jun 7th 2010 1:35PM
The phone will be available in white or black, retailing at : US$199 for the 16GB model US$299 for the 32GB model. They go on sale June 24th, and AT&T will be giving some extra grace upgrade timing -- up to six months early. The 3GS will be dropped to $99 and the 3G will disappear completely. Pre-orders start in a week, with 5 countries at launch (US, France, Germany, UK, Japan), with 18 more following in July. Apple will also be selling a first party case for $29, and a dock for the same price. PR is after the break, promo videos can be found here, and we got hands-on right here. |
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| 28-Jul-2010 13:39 |
TeleChoice Intl
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Telechoice
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This lOOks mOre like a PRICE FIXING OLIGOPOLY ? ? ? ? rather than a COMPETITIVE FREE MARKET ? ? ? ? |
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| 28-Jul-2010 13:35 |
TeleChoice Intl
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Telechoice
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StarHub, M1 and Si ngT el unveil iPhone 4 plans and pric es All three telcos have revealed pricing plans for the Apple iPhone 4, which will be launched here on Friday. StarHub customers can pay $0 to $500 for a 16GB iPhone 4, and $0 to $630 for the 32GB model, depending on price plans. M1 customers can pay $0 to $480 for a 16GB iPhone 4, and $0 to $620 for the 32GB model, depending on price plans. SingTel will contact customers via email and SMS to book a time to buy the phone. For a 16GB iPhone 4, SingTel users will pay $0 to $480, depending on price plans. The 32GB model will cost $0 to $620. |
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| 28-Jul-2010 13:14 |
Others
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Market News that affect STI
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Cash Over Valuation [COV] Is COV a LEGAL Practice under Real Estate Laws ? ? ? ? Is COV like Money Laundering ? ? ? ? Is COV like an UNderdeclaration of Valuation ? ? ? ? Is COV like BRIBERY in Business Transaction ? ? ? ? Is COV like an UDNERTABLE SCHEME to withdraw MONEY from CPF ? ? ? ? WHAT is the Objective to have COV ? ? ? ? Should GST be payable on COV ? ? ? ? |
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| 28-Jul-2010 13:01 |
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Thousands of housing agents get the axe Real estate firms take action ahead of implementation of new rules JOANNE CHAN joannechan@mediacorp.com.sg SINGAPORE Under a new regulatory framework to be implemented by the Ministry of National Development (MND), a statutory board known as the Council for Estate Agencies will be set up. MediaCorp understands that a Bill could be introduced in Parliament as early as October. When contacted, MND would only say that a Bill will be introduced later this year, with the council operational by the end of the year. Under the new framework, all agents must register with the council before they are allowed to practice. In the meantime, MND had asked estate agencies to submit their agents’ particulars and qualifications. Some firms have taken the opportunity to do some housekeeping. Dennis Wee Group (DWG) updated the particulars of all its 5,000 agents earlier this month. They were also briefed on the new requirements. DWG director Chris Koh said as a result of the exercise, some 1,500 agents were axed. They were mostly inactive or part-time agents. “With the new central registry, where a member of public can turn to the registry and see if you are an agent, it’s going to be difficult for those with a full-time job to moonlight as an agent.” Under the new guidelines, agents will also be required to pass a mandatory industry exam. Only those with an industry certification will be exempted. Rather than wait, DWG has asked all its agents to equip themselves — either with the Certified Estate Agent Course or the Common Examination for Salespersons. Another real estate agency, PropNex, has also taken action. Its CEO, Mohamed Ismail, said some 1,200 agents were terminated, either because they’re inactive or unwilling to take up personal indemnity insurance. The insurance covers any financial liabilities arising from housing transactions. Agents who are associated with moneylending have also been let go. “We have made it a policy that any PropNex agent, who has a moneylending licence, will not be allowed to practice because we do see a conflict of interest.” ERA, which has about 3,000 active agents, says it removes about 100 inactive agents from its database every month. Associate director of ERA Asia-Pacific, Mr Eugene Lim, said the company has also been training its agents for the Common Examination for Salespersons. To date, more than 2,500 ERA agents have taken the exam. HSR, which represents about 7,000 agents, says it regularly checks its database for inactive agents, who are then put on a passive list and sent reminders to go for retraining. There are an estimated 30,000 housing agents in Singapore. — Real estate firms have axed thousands of housing agents ahead of enhanced regulations aimed at improving the professionalism of the industry.We have made it a policy that any PropNex agent, who has a moneylending licence, will not be allowed to practice. PropNex CEO Mohamed Ismail |
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| 28-Jul-2010 12:45 |
SMRT
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SMRT
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WHO are the CHIEFS LEADERS WHO are nOt GOOD with PEOPLE ? ? ? ? THEY wIll nOt dElIvEr thEIr EmPty prOmIsEs
BEWARE AWARE SCARE CARE
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SUNDAY TIMES 25th JULY 2010
| First < Newer 9181-9200 of 13894 Older> Last |