Latest Posts By pharoah88
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| 07-Jul-2010 11:09 |
Bund Center
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Is this the SHANGHAi LOTUS-SHAPE BUND CENTER ? ? ? ? hOw cOme it is LiSTED iN SiNGAPORE ? ? ? ? |
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| 07-Jul-2010 11:04 |
COSCO SHP SG
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CoscoCorp
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Which kind of debts? What are COSCO's Level and Extent of debts? Is COSCO generating OperatiOnal CASH flOws ?
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| 07-Jul-2010 10:40 |
Oceanus
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Oceanus
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DON'T BLAME the SiNGAPOREANS. BLAME the ENViRONMENT. lOOk at MANGO planted in TAiWAN and mango planted iN SiNGAPORE (if any is still arOund). Once in TAiPEi, i bOught one TAiWAN MANGO intended for desert after DiNNER. BefOre DiNNER, i was tOO tempted by its fragrance and ate the whole TAiWAN MANGO. After eating that one GAiNT MANGO, my stomach was so FULL that I decided nOt to have any DiNNER that evening. TAiWAN has a VERY VERY VERY OPEN OPEN OPEN ENViRONMENT. those TAiWANESE variety shows broadcasted in SiNGAPORE are sO enjOyable UNlike the SiNGAPORE variety shows. TAiWANESE artises are sO VERY VERY VERY OPEN OPEN OPEN. SiNGAPORE ENViRONMENT is tOtally clOsed TAiWAN has LEVEL PLAYiNG FiELD. WiLL CT TANG type of DElisting happen iN TAiWAN ? ? ? ? In TAiWAN night markets, every TAiWANESE can be an entrepreneur in reality. nO nEEd to pay store rental in night market for freelance entrepreneur. In TAiWAN, every night market is UNiQUE. In Singapore, all the night markets are the same. Once, i was in TAiNAN. After my dinner at the night market, i chanced upon a FREE STRiP SHOW on a big stage at the TAiNAN night market. I could not believe myself then. The performer was pretty and young. In TAiWAN, PRESiDENT and FiRST LADY are JAiLED tOO. I am nOt AWARE of any Other cOuntry dOing this JUSTiCE OPENLY.
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| 07-Jul-2010 10:07 |
Genting Sing
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GenSp starts to move up again
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On that day, mOre than 91 million shares were bOught at S$1.200. S$109.2m were invOlved. WHO PAiD the S$109.2m at S$1.200?
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| 07-Jul-2010 10:02 |
Genting Sing
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GenSp starts to move up again
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current UK casino business book value is S$688.8m - S$103m = S$585.8m in UK book based on current exchange rate S$338.8m exchange loss is due to higher UK pound rate paid for earlier on the UK casino business. Total Investments paid at higher exchange rate earlier (S$585.8m + S$338.8m) = S$924.6m S$338.8m will represent future profit for GENTiNG MALAYSIA when the UK pound exchange recovers. For GENTiNG Singapore S$338.8m is a nOn-cash translation lOss because the CASH was already PAID earlier. For GENTiNG Singapore, net loss on this deal is S$338.8m - S$103m = S$235.8m. S$235.8m allows GENTiNG Singapore to get rid of the UK baggage to move forward without any more UK concerns. It is a WiN-WiN deal for both GENTiNG Singapore and Malaysia. GENTiNG MALAYSiA can reap S$338.8m nOn-cash translatiOn prOfit when UK pOund recOvers. Profit will be realised in cash only if GENTiNG MALAYSiA sell the business by then. |
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| 07-Jul-2010 09:36 |
Others
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Using CFD to get risk free dividends?
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Are you sure the CFD commissions is Only 0.15% (and nOt 0.35% ?) ? Is 0.15% applicable to just first 5 trades or Only during the prOmOtiOn periOd ? WHiCH brOker is that ? Better dOuble confirm with your brOker.
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| 06-Jul-2010 18:23 |
Others
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Using CFD to get risk free dividends?
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iF CFD is sO KiND tO TRADERS / iNVESTORS, there wOuld be any MARKET MAKERS.
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| 06-Jul-2010 18:21 |
Others
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Using CFD to get risk free dividends?
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PRiMARY iSSUE here iS When shORting CFD, one Pays Dividend to Market Maker and DON'T earn Dividend frOm Market Maker. Of cOurse, transactiOn cOsts is the secOndary iSSUE.
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| 06-Jul-2010 14:00 |
SMRT
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SMRT
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Subject to UNlimited THEFT, SiNGAPORE BiCYCLE TRANSPORT WiLL be mOst EXPENSiVE iN the wOrld
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| 06-Jul-2010 13:42 |
SMRT
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SMRT
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Carrefour exiting S’pore: Report SINGAPORE Investment banks Goldman Sachs and UBS have been hired to advise on the sale, the report said. Goldman, UBS and Carrefour declined to comment when contacted by Carrefour, the world’s second-biggest retailer after WalMart, has exited Japan and Korea in recent years to focus on higher growth markets like India, the report added. Carrefour chief executive Lars Olofsson said last month he was open to offers for the company’s operations in markets where it isn’t in the top two. Analysts cited Thailand, Malaysia and Singapore as likely candidates. At the end of last year, Carrefour had two hypermarkets in Singapore, 19 in Malaysia, and 39 hypermarkets and one convenience store in Thailand. — French hypermarket operator Carrefour has begun the process of selling its businesses in Singapore, Malaysia and Thailand, in a move that could raise about US$1 billion ($1.39 billion), Reuters reported yesterday, citing unidentified sources with direct knowledge of the matter.Reuters.Agenci es |
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| 06-Jul-2010 13:09 |
SMRT
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SMRT
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Put the BRAKES on Bicycle THEFT According to “Pedal-powered commuters” (July 3-4), bicycle theft has become such a problem that cyclists have resorted to using up to three padlocks to secure their bikes against theft. The statistic that THREE out of FOUR cyclists interviewed had LOST their bicycles at least once is ASTOUNDiNG. Who knows how many would-be pedal-powered commuters have been deterred by the potential loss of their mode of transport? Surely, the transport authorities and the police can work together to reduce the number of thefts. For instance, perhaps the authorities could put a fence around bicycle parking areas to improve security. Installing surveillance cameras at the entrances and exits of the bicycle parking areas could also help deter thieves. Although a single bicycle may not cost very much, the cumulative impact of many stolen bicycles on the commuting habits of Singaporeans could well be enormous. Letter from Jack Chew |
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| 06-Jul-2010 13:02 |
SMRT
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SMRT
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Shouldn’t SMRT bus drivers be able to speak English? Not only did he not respond to my questions, he also took the wrong turn Letter from Satiman Saim ON SATURDAY afternoon, I was on SMRT bus No 171, travelling along Bukit Timah Road, heading in the direction of Sixth Avenue and stuck in a traffic jam, when the bus driver made an unscheduled U-turn onto Dunearn Road. When I asked him what the cause of congestion was and why he had made a U-turn, he did not respond as he seemed unable to understand English. The bus driver, after consulting with another passenger in Chinese, then decided to turn right onto Farrer Road. He then made another right turn back on to Bukit Timah Road, joining the tail end of the traffic jam that we had been stuck in an hour earlier. I rang the SMRT hotline and was told by an officer that all bus personnel should be able to communicate in English, and that the detour should have been via Farrer Road and Holland Road, away from the congestion on Bukit Timah Road. I would like to know the following: • Why couldn’t the bus driver respond to my enquiries in English, considering that English is the main language in Singapore? • Why didn’t the bus driver follow the detour route set by SMRT? • Why did the bus driver take instructions from a passenger instead of following the official route? • Shouldn’t SMRT have a standard operating procedure in place for when a bus needs to take an alternative route? |
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| 06-Jul-2010 12:52 |
SMRT
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SMRT
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SiNGAPORE CAR TRANSPORT is mOst EXPENSiVE iN the wOrld. frOm the current develOpments, the TREND lOOks LiKE: SiNGAPORE BUS TRANSPORT WiLL be mOst EXPENSiVE iN the wOrld . . . . SiNGAPORE MRT TRANSPORT WiLL be mOst EXPENSiVE iN the wOrld . . . . SiNGAPORE gOvernment and CiViL SERViCE WiLL be mOst EXPENSiVE iN the wOrld . . . . |
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| 06-Jul-2010 12:44 |
SMRT
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SMRT
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Pressing Needs call for Bold Solutions Long platforms, express trains to deal with crush Letter from Kelvin Ong Kwee Beng I REFER to “SMRT has a plan” (July 3-4). With a current population of 4.5 million, it already seems as if our transport system is at its limit. And we are working towards a population goal of 6.5 million. Shouldn’t the transport operators be looking ahead to anticipate the solutions needed to ensure 6.5 million people can get around the island? Perhaps SMRT could consider doubling the number of cars per train. Or they could think about extending the length of all station platforms. In the long run, maybe they could consider building a second line to piggy-back on the existing line, just like the viaduct above Keppel Road. Singapore might be too small for BULLET trains, but perhaps we could consider an EXPRESS train between Changi, Marina Bay, Jurong and Tuas. Pressing needs call for bold solutions. * * * * * * * * * * * * * * * * * * * * * * * DON'T PENALiSE students, NSmen for TRANFERS Letter from Yuen Kah Hung DISTANCE fares were introduced to give commuters greater flexibility, choice and convenience by charging a commuter based on the total distance travelled, regardless of the number of transfers made. But the structure and pricing of the Monthly Concession Passes for students and NSmen does nOt reflect this. Student and National Service (fulltime) concession pass-holders are penalised for making inter-modal transfers as they have to buy a HYBRiD Concession Pass if they want to travel on both bus and train. The hybrid concession pass, which is the combined cost of both bus and train concession passes, costs $97. A bus-only concession pass costs $52, and a train-only pass $45. Perhaps we could have an integrated concession pass for all modes of transport, but cap the total distance travelled daily. This would better reflect the principles of distance fares. |
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| 06-Jul-2010 12:15 |
SMRT
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SMRT
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More flexible road pricing with satellites Motorists ask if that will lead to higher charges, but transport experts say it is too early to tell Neo Chai Chin chaichin@mediacorp.com.sg SINGAPORE Questions about satellite-based road pricing are being asked in the wake of the suggestion by the Land Transport Authority (LTA) last Wednesday that it could be the congestion management tool of the future. The continual addition of gantries is untenable in the long term, LTA explained. But as to the bottom-line question for many motorists — would the new system entail higher charges — transport experts say it is too early to tell. Eventual charges, should this eye in-the-sky system be adopted, will likely depend on the roads’ congestion levels and distance travelled by motorists, said Associate Professor Lee Der Horng of the National University of Singapore (NUS). A satellite-based system will allow more flexible pricing, however. For example, drivers now pay a pre-determined amount to enter Electronic Road Pricing (ERP) zones at certain hours of the day, even if the area is jam-free. A satellite system will allow pricing based on distance travelled and “actual congestion level”, said Assoc Prof Lee. And if road pricing is implemented island-wide, the result will be more equitable pricing where drivers pay so long as they use public roads, he said. To spur the shift towards a pay-as-you use system, the Government could also consider removing road tax and making it part of ERP charges, suggested Assoc Prof Lee. Currently, road tax rates are determined by factors like engine capacity and age of the vehicle. A 1,600-cc car less than 10 years old would incur $372 of road tax for six months, for instance. This may spur some drivers to maximise vehicle usage, as road tax has already been paid for, said Assoc Prof Lee. “If we make road tax part of ERP charges, the ERP charges may be more significant and car owners may feel the pinch,” he said. #### TRANSPORT CHARGES WiLL iNCREASE AGAiN fOr CAR ? BUS ? TAXi ? TRAiN ? #### NUS transport economist Anthony Chin said real-time information on traffic speeds and road conditions provided by a satellite system could encourage change in driving behaviour. But to better manage congestion, satellite technology should be complemented with alternative transport modes and increased accessibility, said Assoc Prof Chin. The latter could mean having more workplaces or leisure options close to Singaporeans’ homes, “making it easier for people to do what they want to do without having to travel”, he said. In Europe, satellite-based road pricing systems have gathered pace in recent years. Germany introduced truck-tolling on its 12,100km expressway network in 2005. This has led to a 15-per-cent drop in empty trucks on the toll roads, according to the European GNSS (Global Navigation Satellite System) Supervisory Authority. Slovakia is developing a satellite system for large vehicles on some roads, and France is also considering a road charging scheme using satellite technology, according to the Authority. If Singapore adopts the new technology, the cityscape of the future would improve without the bulky gantries — although some may argue that they have already become local landmarks, said Assoc Prof Lee. — Without the imposing gantry looming overhead, would motorists be less aware of road usage charges? Would realtime information on road congestion lead to haphazard driving as motorists attempt to avoid roads with charges imposed? |
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| 06-Jul-2010 11:54 |
DBS
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DBS
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WHO did the reporter speak to ? ? ? ? The MAS BUiLDiNG ? ? ? ? The MAS lOgO ? ? ? ? The MAS ghOst ? ? ? ?
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| 06-Jul-2010 11:45 |
DBS
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DBS
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Responding to media queries, the Monetary Authority of Singapore said banks are required to investigate promptly the causes of system breakdowns and take immediate measures to rectify system failures and restore customer services. | ||||
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| 06-Jul-2010 11:44 |
DBS
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DBS
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is this a FAILURE ? ? ? ? SMRT CHiEF said it was a SYSTEM CONSTRAiNT ? ? ? ? wOuld this be an IBM SYSTEM CONSTRAiNT ? ? ? ? In this AGE of STUPiD, there sUddEnly APPEARS to HAVE many CONSTRAiNTed CHiEFS in cOuntrIes and cOrpOrates ? ? ? ?
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| 06-Jul-2010 11:39 |
DBS
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DBS
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Left without cash ... All DBS and POSB branches remained open for an extra two hours, from 4.30pm to 6.30pm, to help customers with their banking needs. According to analysts, a breakdown of this scale is generally unexpected here and usually more common in the region’s emerging markets. They added that the lender could also consider beefing up its infrastructure. SiNGAPORE is nOw a 3rd WOrld natiOn wIth 3rd WOrld tOlent ? ? ? ? Sias Research investment analyst Liu Jinshu said: “I would say that DBS would probably have to incur some costs, costs to upgrade its IT infrastructure, costs to tighten its IT controls and things like that to prevent a relapse of this incident.” Speaking to reporters at an event last night, DBS Group Holdings chief executive Piyush Gupta said: “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. “We’re currently doing thorough investigations with our vendor IBM to understand why the redundant systems did not kick in.” Mr Gupta added that he does not think it was a case of sabotage, adding that customer database had not been compromised as a result of the glitch. Responding to media queries, the Monetary Authority of Singapore said banks are required to investigate promptly the causes of system breakdowns and take immediate measures to rectify system failures and restore customer services. Subsequent action is also required to strengthen the system and prevent recurrence. “MAS assesses banks’ compliance with these requirements, and will take appropriate supervisory action where necessary,” said its spokesperson. Meanwhile, observers say the delayed transactions such as bill payments, and Nets or credit card transactions, should be cleared within 24 hours. |
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| 06-Jul-2010 11:31 |
DBS
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DBS
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"very good safeguards" is prObably a typO errOr. the cOrrectiOn wOuld prObably bE #### very gOOd OFFguards ####
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