ShareJunction - Member Posts

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S-Chips SAGE FU YONG is back with a nEw FiRM

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Select troubled S-chips	Nature of problem
China Aviation Oil (SGX: C47)	Derivatives losses
China Hongxing Sports (SGX: BR9)	Cash concerns
FerroChina (SGX: F33)	Loan repayment
Fibrechem (SGX: F12)	Auditing issues
Oriental Century (SGX: 5II)	Exaggerated assets
Sino-Environment (SGX: Y62)	CEO loan default

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A foreign coach packs up and leaves after his tenure here, and might never return to our shores.

A Singaporean, however, does not have this ‘escape hatch’.

pharoah88 ( Date: 13-Jul-2010 14:23) Posted:

Advantages of local sports coaches: Pride, ground knowledge and roots here
Letter from M Lukshumayeh
I REFER to the report, “Men’s hockey coach quits” (July 9). So, another foreign coach leaves the Singapore sporting scene.
Singapore hockey has through the decades seen coaches from India, Pakistan, China, South Korea, Holland, Australia, Spain and Malaysia named national coach for both our men’s and women’s hockey teams.
While most of these coaches may arguably have the pedigree for the job, it has to be recognised that the Singapore sports environment is vastly different from that in the countries these coaches are from.
Issues of school, National Service and career demands are some of the more pronounced obstacles a Singapore athlete must overcome.
Faced with these challenges, many a foreign coach — not just in hockey but in other team sports such as football, netball, rugby, et al — has been unable to excel at their jobs in Singapore.
Therefore, it would be reasonable to suggest that this “uniquely Singaporean”
challenge is best dealt with by a Singaporean coach, who has endured these challenges during his or her playing days.
Also, a Singaporean coach has entrenched roots here — a real motivating factor. A foreign coach packs up and leaves Singapore after his coaching tenure, and might never return to our shores.
The Singaporean coach, however, does not have this “escape hatch”, even after his tenure is over. This will spur the Singaporean coach to work doubly hard when in charge — motivation that no amount of money can buy.
I am sure Uncle Choo Seng Quee, Jita Singh, Nathavar Bahar, Harbajan Singh Loomba — legendary Singaporean national coaches in soccer, rugby and hockey, respectively, of years gone by — would readily attest to this motivating force.
Recognising this situation, the Singapore Hockey Federation from the late 1990s worked hard to promote Singaporeans to the posts of national hockey coach, assistant national coach and youth development director. The coaches at the various age group levels were Singaporeans, too.
All of them were national players for decades, and were qualified coaches with coaching experience at schools and clubs.
After some initial doubts, the Singapore hockey fraternity came round to support the coaches, who delivered the results to repay the faith shown in them.
However, for reasons unclear, this system now seems to have been dismantled.

If we want to succeed in sports, maybe we should be putting our faith in local coaches again.

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Advantages of local sports coaches: Pride, ground knowledge and roots here
Letter from M Lukshumayeh
I REFER to the report, “Men’s hockey coach quits” (July 9). So, another foreign coach leaves the Singapore sporting scene.
Singapore hockey has through the decades seen coaches from India, Pakistan, China, South Korea, Holland, Australia, Spain and Malaysia named national coach for both our men’s and women’s hockey teams.
While most of these coaches may arguably have the pedigree for the job, it has to be recognised that the Singapore sports environment is vastly different from that in the countries these coaches are from.
Issues of school, National Service and career demands are some of the more pronounced obstacles a Singapore athlete must overcome.
Faced with these challenges, many a foreign coach — not just in hockey but in other team sports such as football, netball, rugby, et al — has been unable to excel at their jobs in Singapore.
Therefore, it would be reasonable to suggest that this “uniquely Singaporean”
challenge is best dealt with by a Singaporean coach, who has endured these challenges during his or her playing days.
Also, a Singaporean coach has entrenched roots here — a real motivating factor. A foreign coach packs up and leaves Singapore after his coaching tenure, and might never return to our shores.
The Singaporean coach, however, does not have this “escape hatch”, even after his tenure is over. This will spur the Singaporean coach to work doubly hard when in charge — motivation that no amount of money can buy.
I am sure Uncle Choo Seng Quee, Jita Singh, Nathavar Bahar, Harbajan Singh Loomba — legendary Singaporean national coaches in soccer, rugby and hockey, respectively, of years gone by — would readily attest to this motivating force.
Recognising this situation, the Singapore Hockey Federation from the late 1990s worked hard to promote Singaporeans to the posts of national hockey coach, assistant national coach and youth development director. The coaches at the various age group levels were Singaporeans, too.
All of them were national players for decades, and were qualified coaches with coaching experience at schools and clubs.
After some initial doubts, the Singapore hockey fraternity came round to support the coaches, who delivered the results to repay the faith shown in them.
However, for reasons unclear, this system now seems to have been dismantled.

If we want to succeed in sports, maybe we should be putting our faith in local coaches again.

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Too much at stake

It is unrealistic to expect no S'pore bank will fail

Letter from David Boey

LIKE many other companies, Singapore banks wish to extend their geographical footprint to tap offshore business opportunities and grow their bottom lines.

But, banks are different from other commercial or industrial enterprises.

Firstly, banks serve important functions in the local economy, intermediating between their depositors and their borrowers.

They lend to the large multinationals and to the SMEs, which are mostly ignored by the global banking giants. In the process, banks help them to grow.

Secondly, a significant part of their funding is derived from their non-bank customers — ordinary people like you and me — who place much of their life savings with the banks. Their deposits are protected, but only up to the coverage level of deposit insurance, which stands at $20,000.

What will happen if one of the banks runs aground?

While the management of the banks will try to be prudent, it is their business to take risks; if they are overly cautious, they will likely achieve little and returns will be meagre. However, human judgement and decision-making are just that — human.

Seemingly well managed banks, even global behemoths, have failed. It is unrealistic to expect that no Singapore bank will ever fail.

Adequate capitalisation is a defence, but too much of it is a drag on return.

However, even with a capital adequacy ratio of, say, 15 per cent, a bank has 6.67 times as much risk-weighted assets as capital, and this is after taking the credit risk of assets that are considered to be not so risky at less than their full face value.

Already, the three Singapore banks are probably too big to fail. Reducing their number will ensure that they will be too big to fail. But only because taxpayers’ money will be used to prevent the financial system from collapsing.

Depositors, too, may suffer, as deposit insurance may prove insufficient.

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Too much at stake

It is unrealistic to expect no S'pore bank will fail

Letter from David Boey

LIKE many other companies, Singapore banks wish to extend their geographical footprint to tap offshore business opportunities and grow their bottom lines.

But, banks are different from other commercial or industrial enterprises.

Firstly, banks serve important functions in the local economy, intermediating between their depositors and their borrowers.

They lend to the large multinationals and to the SMEs, which are mostly ignored by the global banking giants. In the process, banks help them to grow.

Secondly, a significant part of their funding is derived from their non-bank customers — ordinary people like you and me — who place much of their life savings with the banks. Their deposits are protected, but only up to the coverage level of deposit insurance, which stands at $20,000.

What will happen if one of the banks runs aground?

While the management of the banks will try to be prudent, it is their business to take risks; if they are overly cautious, they will likely achieve little and returns will be meagre. However, human judgement and decision-making are just that — human.

Seemingly well managed banks, even global behemoths, have failed. It is unrealistic to expect that no Singapore bank will ever fail.

Adequate capitalisation is a defence, but too much of it is a drag on return.

However, even with a capital adequacy ratio of, say, 15 per cent, a bank has 6.67 times as much risk-weighted assets as capital, and this is after taking the credit risk of assets that are considered to be not so risky at less than their full face value.

Already, the three Singapore banks are probably too big to fail. Reducing their number will ensure that they will be too big to fail. But only because taxpayers’ money will be used to prevent the financial system from collapsing.

Depositors, too, may suffer, as deposit insurance may prove insufficient.

x 0

Too much at stake

Letter from David Boey

LIKE many other companies, Singapore banks wish to extend their geographical footprint to tap offshore business opportunities and grow their bottom lines.

But, banks are different from other commercial or industrial enterprises.

Firstly, banks serve important functions in the local economy, intermediating between their depositors and their borrowers.

They lend to the large multinationals and to the SMEs, which are mostly ignored by the global banking giants. In the process, banks help them to grow.

Secondly, a significant part of their funding is derived from their non-bank customers — ordinary people like you and me — who place much of their life savings with the banks. Their deposits are protected, but only up to the coverage level of deposit insurance, which stands at $20,000.

What will happen if one of the banks runs aground?

While the management of the banks will try to be prudent, it is their business to take risks; if they are overly cautious, they will likely achieve little and returns will be meagre. However, human judgement and decision-making are just that — human.

Seemingly well managed banks, even global behemoths, have failed. It is unrealistic to expect that no Singapore bank will ever fail.

Adequate capitalisation is a defence, but too much of it is a drag on return.

However, even with a capital adequacy ratio of, say, 15 per cent, a bank has 6.67 times as much risk-weighted assets as capital, and this is after taking the credit risk of assets that are considered to be not so risky at less than their full face value.

Already, the three Singapore banks are probably too big to fail. Reducing their number will ensure that they will be too big to fail. But only because taxpayers’ money will be used to prevent the financial system from collapsing.

Depositors, too, may suffer, as deposit insurance may prove insufficient.

It is unrealistic to expect no S'pore bank will fail

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IDiOT = GENUiS

SAME SAME

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after EiNSTEiN's death,

IDiOTS wErE bOrn.

Later,

EiNSTEiN was recognised as

THE GENiUS.

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The WORLD then had NO IDOiTS.

Thus, THE GENiUS, Albert EiNSTEiN, was nOt iDentifieD.

pharoah88 ( Date: 13-Jul-2010 13:28) Posted:

天才与白痴

NOBODY COULD RECOGNISE THIS GENIUS DURING HIS TIMES

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In the video, the mEssagE is,

"It takes an IDiOT to iDentify a GENiUS.""

pharoah88 ( Date: 13-Jul-2010 13:35) Posted:

WHO is GENiUS ?

WHO is IDiOT ?

How to tEll the Difference between Genius and IdiOt ?

How to idEntify a GENiUS ?

WHO can idEntigy a GENiUS ?

Here is the ANSWER:

http://v.youku.com/v_show/id_XMjEwMjY3OTY=.html

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WHO is GENiUS ?

WHO is IDiOT ?

How to tEll the Difference between Genius and IdiOt ?

How to idEntify a GENiUS ?

WHO can idEntigy a GENiUS ?

Here is the ANSWER:

http://v.youku.com/v_show/id_XMjEwMjY3OTY=.html

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天才与白痴

NOBODY COULD RECOGNISE THIS GENIUS DURING HIS TIMES

x 0

WHO is GENiUS ?

WHO is IDiOT ?

How to tEll the Difference between Genius and IdiOt ?

How to idEntify a GENiUS ?

Here is the ANSWER:

http://v.youku.com/v_show/id_XMjEwMjY3OTY=.html

niuyear ( Date: 13-Jul-2010 11:37) Posted:

Einstein still lose out to Octopus. Octopus has 3 brains, whereas, Einstein has one big brain. His brain is said to be very big compare to normal human size.

dont throw smelly eggs to me by saying Octopus is smarter, cos, logically, more brains should be smarter. hahahah!

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JAPAN              need/dId nOt master englIsh

KOREA             need/dId nOt master englIsh

TAIWAN           need/dId nOt master englIsh

HONG KONG   need/dId nOt master englIsh

INDONESIA     need/dId nOt master englIsh

THAiLAND      need/dId nOt master englIsh

MALAYSiA      need/dId nOt  master englIsh

PHILIPPINES   need/did nOt master englIsh

READ sOmewhere but cannot remember the exact source:

In the 1970s, PHILIPPINES was the most  englIsh-proficient country in ASiA and had the BEST ECONOMY in ASEAN.

bOth PM and Mrs LEE KY were sEEn visiting MARCOS and IMMELDA during those TiMES probably to Learn sOmething from there ? ? ? ?

Yet PHILIPPINES' early leadership in englIsh-proficiency dId nOt guarantee  continued sUccess.

thus, englIsh is definitely nOt  THE KEY SUCCESS FACTOR.

There are numerOus englIsh-proficient countries in the WEST.

bUt ALL FORTUNE 500 chOsen CHiNA, whO is LEAST  englIsh-proficient

even Over and abOve sIngapore . . . .

T H i N K

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ALL FORTUNE 500 went to CHiNA

fOr The LEAST COST

nOt fOr ENGLiSH

pharoah88 ( Date: 13-Jul-2010 11:48) Posted:

China needs to master English,

says MM Lee

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China needs to master English,

says MM Lee

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T H i N K

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fOr ALL the SMART THiNGS that SiNGAPORE CLAiMED

WHY the whOle WORLD dId nOt and stIll dO nOt fOllOw ? ? ? ?

Is SINGAPORE really sO vERY SMART, LiKE Einstein, AHEAD of TiMES ?

Or the Rest Of World [ROW] are sO vERY STUPiD ? ? ? ?

T H i N K

pharoah88 ( Date: 13-Jul-2010 11:11) Posted:

CEOs of Fortune 500 firms show keen interest in ASiA
Leaders of Fortune 500 companies who attended the Sun Valley Conference have shown keen interest in Asia.
They also gained a better understanding of Singapore after a dialogue session — which lasted for over an hour — with Prime Minister Lee Hsien Loong, who attended the meet.
According to Singapore’s Ambassador to the US, Dr Chan Heng Chee, Mr Lee was described as being “upfront” and “insightful” in his answers.
Professor Chan briefed Singapore reporters on the dialogue as the conference was closed to the media.
Issues touched on included where Asia’s future direction, developments in China and what makes Singapore competitive.
Mr Lee said that while powerhouses like the US and Europe will recover, Asia, with growing economies like China, India and Asean will catch up and close the gap.
PM Lee also touched on the issue of salaries for ministers.
Professor Chan said that Mr Lee explained to the conference participants that the pay for Singapore ministers was pegged to the country’s GDP and if GDP fall, so too, would their salaries.
He also reiterated the point that Singapore pays good money to attract top civil servants.
Professor Chan said many delegates thought this was a “smart way of going about government”.

#### "smart" in WHiCH sense ? ? ? ? shOuld ask the dElEgatEs tO elabOrate spEcifically ? ? ? ?####

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CEOs of Fortune 500 firms show keen interest in ASiA
Leaders of Fortune 500 companies who attended the Sun Valley Conference have shown keen interest in Asia.
They also gained a better understanding of Singapore after a dialogue session — which lasted for over an hour — with Prime Minister Lee Hsien Loong, who attended the meet.
According to Singapore’s Ambassador to the US, Dr Chan Heng Chee, Mr Lee was described as being “upfront” and “insightful” in his answers.
Professor Chan briefed Singapore reporters on the dialogue as the conference was closed to the media.
Issues touched on included where Asia’s future direction, developments in China and what makes Singapore competitive.
Mr Lee said that while powerhouses like the US and Europe will recover, Asia, with growing economies like China, India and Asean will catch up and close the gap.
PM Lee also touched on the issue of salaries for ministers.
Professor Chan said that Mr Lee explained to the conference participants that the pay for Singapore ministers was pegged to the country’s GDP and if GDP fall, so too, would their salaries.
He also reiterated the point that Singapore pays good money to attract top civil servants.
Professor Chan said many delegates thought this was a “smart way of going about government”.

#### "smart" in WHiCH sense ? ? ? ? shOuld ask the dElEgatEs tO elabOrate spEcifically ? ? ? ?####