Latest Posts By pharoah88
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| 02-Jul-2010 13:32 |
Others
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DOW & STI
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The Hu Jintao leadership’s attempt to reduce inequality, move back towards freer health and education, improve conditions for migrant workers and “green” production are seen by some, like the academic Lin Chun, as “signs of a resumption of reform socialism”. From enthusiasts for more privatisation and capitalism, there are at the same time increasing grumbles that “the state advances, the private sector retreats”; while the strike wave has emboldened senior former state officials and “old revolutionaries” to call publicly for the “restoration of the working class as the leading class” and “re-establishment of public ownership as the principle part of the economy”. |
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| 02-Jul-2010 13:28 |
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RETURN TO REFORM SOCIALISM They are also under intense pressure to respond to revulsion at the gross inequality that has disfigured China in the years of its explosive economic breakthrough. Hence, the introduction of stronger labour protection legislation a couple of years back and sharp rises in minimum wage rates, even before the latest strikes. |
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| 02-Jul-2010 13:19 |
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The chairman of the state-owned partner of Honda and Toyota, for instance, insisted the workers’ demands were “reasonable”. The party’s Global Times warned the strikes showed the necessity of “organised labour protection”, complaining “ordinary workers” had received the “smallest share of economic prosperity” from China’s opening to the world market. |
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| 02-Jul-2010 13:15 |
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mOre STRiKES in CHiNA and ASiA WiLL LEAD tO wOrld ecOnOmic recOvery, especially iN US and EU ? |
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| 02-Jul-2010 12:57 |
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STRiKES and prOtests LEVEL the PLAYiNG FiELDS fOr TRUE DEMO-CRACY ? In TRUE DEMO-CRACY, EXPLOiTATiON cannOt EXiST ? STRiKES and prOtests are absent iN the presence Of FEARS and THREATS ? |
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| 02-Jul-2010 12:51 |
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In a nation where strikes are discouraged and often barely reported, the response of the authorities to the latest wave of stoppages has verged on the supportive. The reason is clear enough. China’s leaders are determined to increase consumption at home, shift resources from cheap labour to a more hi-tech output and transfer production to the poorer interior.
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| 02-Jul-2010 12:48 |
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Strikes good for China — and world Factory protests against exploitation could help shift the Chinese model in a way to benefit us all Seumas Milne |
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| 02-Jul-2010 12:41 |
YZJ Shipbldg SGD
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Good News for Yangzijiang
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YangZiJiang Management SHREWD and WiN-WiN [SW-W] SembMarine Management MEAN and PETTY [MP] FOXCONN Management blOOdy |
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| 02-Jul-2010 12:31 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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YangZiJiang WiLL Overtake and DEFEAT SembMarine after Acquisition Of PPL Shipyard. If SembMarine is nOt MEAN and PETTY [MP], it shOuld make an ENLiGHTENiNG OFFER of USD333 Million fOr the 15% Holding in PPL tO BAKER TECH sharehOlders. KARMA brEEds KARMA WiN-WiN brEEds WiN-WiN |
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| 02-Jul-2010 12:23 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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YangZiJiang Management SHREWD and WiN-WiN [SW-W] SembMarine Management MEAN and PETTY [MP] FOXCONN Management blOOdy |
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| 02-Jul-2010 12:17 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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SHAREHOLDERS' RiGHTS Now the case of SembMarine. The world’s second-largest offshore rig builder got into a deal where, while having a 85-percent stake in PPL Shipyard, it unwisely left management control to the 15-per-cent stakeholder, PPL Holdings, which in turn is owned by Baker Technology, a company controlled by Dr Benety Chang, who is also the deputy chairman of PPL Shipyard. Now, SembMarine is vigorously opposing Baker’s plans to sell its 15-per-cent stake in PPL Shipyard to China-based but Singapore-listed Yangzijiang Shipbuilding on the grounds that it has rights of first refusal. Why? Because SembMarine is afraid with the Chinese in control, it would lose valuable rights to PPL Shipyard’s rig designs. PPL is one of the world’s largest builders of offshore oil rigs and is a substantial contributor to SembMarine’s revenue and bottomline. Yangzijiang is a major shipbuilder in China and desperately wants to be a major player in the rigs business which is expected to pick up with oil prices at current levels. But SembMarine is offering just $59.4 million compared with Yangzijiang’s offer of US$155 million, or some $215 million. If I were a Baker shareholder it would obviously not be in my interest to even consider SembMarine’s bid — little wonder the Yangzijiang offer was unanimously accepted by Baker’s shareholders at its recent extraordinary general meeting.
Conrad Raj |
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| 02-Jul-2010 12:12 |
Baker Technology
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It's time to rebound ????
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BAKER TECH Management STREET SMART
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| 02-Jul-2010 12:08 |
Baker Technology
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It's time to rebound ????
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YangZiJiang Management is SHREWD and WiN-WiN [SW-W] SembMarine Management is Mean and Petty [MP] FOXCONN Management is blOOdy |
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| 02-Jul-2010 12:04 |
Baker Technology
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It's time to rebound ????
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SHAREHOLDERS' RiGHTS
Now the case of SembMarine. The world’s second-largest offshore rig builder got into a deal where, while having a 85-percent stake in PPL Shipyard, it unwisely left management control to the 15-per-cent stakeholder, PPL Holdings, which in turn is owned by Baker Technology, a company controlled by Dr Benety Chang, who is also the deputy chairman of PPL Shipyard.
Now, SembMarine is vigorously opposing Baker’s plans to sell its 15-per-cent stake in PPL Shipyard to China-based but Singapore-listed Yangzijiang Shipbuilding on the grounds that it has rights of first refusal.
Why? Because SembMarine is afraid with the Chinese in control, it would lose valuable rights to PPL Shipyard’s rig designs.
PPL is one of the world’s largest builders of offshore oil rigs and is a substantial contributor to SembMarine’s revenue and bottomline.
Yangzijiang is a major shipbuilder in China and desperately wants to be a major player in the rigs business which is expected to pick up with oil prices at current levels.
But SembMarine is offering just $59.4 million compared with Yangzijiang’s offer of US$155 million, or some $215 million.
If I were a Baker shareholder it would obviously not be in my interest to even consider SembMarine’s bid — little wonder the Yangzijiang offer was unanimously accepted by Baker’s shareholders at its recent extraordinary general meeting. |
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| 02-Jul-2010 11:58 |
Baker Technology
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It's time to rebound ????
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MERiTOCRACY AUTiSM
Until Yangzijiang’s bid, everything was hunky-dory between the respective managements of SembMarine and PPL Shipyard.
This is not the first time SembMarine has been found wanting in the area of management oversight. A couple of years back, it allowed its head of finance to have lone control over its currency hedges and, as a result, found itself defending a slew of lawsuits by lending banks.
Years earlier, it went into fixed shipbuilding and ship repair contracts with no escalation clauses, resulting in a lawsuit involving the vessel
Both SembMarine and Khazanah appear to have been lulled into complacency when things were going their way and their respective partners brought in the results. But, shouldn’t they have prepared themselves for a worst-case scenario? Conrad Raj |
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| 02-Jul-2010 11:51 |
Seatrium
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Sembmarine
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MERiTOCRACY AUTiSM
Until Yangzijiang’s bid, everything was hunky-dory between the respective managements of SembMarine and PPL Shipyard.
This is not the first time SembMarine has been found wanting in the area of management oversight. A couple of years back, it allowed its head of finance to have lone control over its currency hedges and, as a result, found itself defending a slew of lawsuits by lending banks.
Years earlier, it went into fixed shipbuilding and ship repair contracts with no escalation clauses, resulting in a lawsuit involving the vessel
Both SembMarine and Khazanah appear to have been lulled into complacency when things were going their way and their respective partners brought in the results. But, shouldn’t they have prepared themselves for a worst-case scenario? Conrad Raj |
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| 02-Jul-2010 10:54 |
Thomson Medical
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dancing with former remiser king
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sOme ViP TWiSTED PETER LiM's arm. prObably an Offer WHiCH he cOuld nOt refUse.
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| 02-Jul-2010 10:45 |
Genting Sing
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GenSp starts to move up again
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Friday: 2nd JULY 2010 This mOrning CLOUDiNG resUmes 08:59:02 S$1.200 11,855,000 BfS 09:06:00 S$1.200 3,060,000 BfS 09:07:59 S$1.200 2,428,000 BfS 09:29:46 S$1.200 2,147,000 BfS 09:29:47 S$1.200 8,502,000 BfS 09:35:58 S$1.210 848,000 BfS mOre accumulatiOn On the way |
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| 02-Jul-2010 10:34 |
Genting Sing
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GenSp starts to move up again
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This is a DOUBLE-BARREL ACTiON DiVESTMENT is Only jUst PART 1 There is a PART 2 fOr the FiREWORKS.
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| 02-Jul-2010 10:16 |
Genting Sing
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GenSp starts to move up again
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UK Divestment is "shOrt-Term PRO" but "lOng-Term CON" ACTiON fOr GENTiNG SiNGAPORE sharehOlders
BLACK HOLE in GENTiNG UK already RESET WiTH CASH frOm GENTiNG SiNGAPORE. Actually GENTiNG UK is ready fOr recOvery when UK ecOnOmy recOvers. GENTiNG WORLD already registered GENTiNG UK entity AWAiTiNG the RiGHT TiMiNG fOr this TRANSFER. GENTiNG UK WiLL be iMMEDiATELY PROFiTABLE when UK ecOnOmy recOvers. By THEN, GENTiNG SiNGAPORE sharehOlders WiLL have nO share Of GENTiNG UK prOfits.
FOr the iMMEDiATE TERM, GENTiNG SiNGAPORE sharehOlders are HAPPY tO get RiD Of GENTiNG UK even thOugh SACRiFiCiNG their fUtUre share Of GENTiNG UK's recOvery prOfits.
As lOng as bOth GENTiNG SiNGAPORE sharehOlders and GENTiNG WORLD sharehOlders are bOth HAPPY HAPPY , it is a WiN WiN sOluTiOn fOr bOth. This is TRUE STREET-SMART METRiTOCRACY
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