Australia, Singapore PMs discuss stock markets merger
Posted: 31 October 2010 1753 hrs

	Photos 1 of 1 ASX (L) and SGX
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SYDNEY : Australian Prime Minister Julia Gillard urged critics of the planned merger between Singapore and Australia's stock exchanges not to seek to "disturb" current foreign investment laws.

Gillard said she discussed the proposed 8.2 billion US dollar takeover with Singapore Prime Minister Lee Hsien Loong during talks at the ASEAN Summit in Hanoi, and they both agreed there was community interest in the bid.

"We also both understood that there is a clear process to be gone through here, a clear process from the Australian point of view with our Foreign Investment Review Board and that that process would be gone through," she told ABC television on Sunday.

The proposed merging of the Sydney and Singapore stock exchanges faces political opposition in Australia, where Gillard heads a fragile minority government which relies on Greens party and independents to hold power.

Gillard said it would be inappropriate for her to speculate on whether the merger would be approved by the foreign investment watchdog, but called for due process to be respected.

"I certainly hope that no one would seek to criticise or disturb what have been long-standing and bipartisan arrangements to assessing foreign investment and assessing it through the prism of our national interest," she said.

"That's what the Foreign Investment Review Board does -- ask the question: is this in Australia's national interest?"

The Singapore-Sydney tie-up, which will also need the approval of Australia's parliament to go ahead, aims to create the world's fifth biggest exchange with a market capitalisation of about 12.3 billion US dollars.

never read today's bt haha

whats the article abbout!! care to share heh

soloman      ( Date: 31-Oct-2010 19:39) Posted: GOOD ARTICLE IN TODAY BT SINGTEL AND OPTUS - SAME AS SGX NOW UNDERSTAND IT AND YOU WILL HUAT IN 10 YEARS ..................... iPunter      ( Date: 31-Oct-2010 17:52) Posted: I must add that when we talk about trend,    we must also look at it from the perspective of time-frames..        Because at any one time, several trends            of varying time frames can be in operation... (This is why I think that talking about 'scripts', without  qualifying it with time frame, is not only silly, but dangerous, esp. for newbies).

GOOD ARTICLE IN TODAY BT

SINGTEL AND OPTUS - SAME AS SGX NOW

UNDERSTAND IT AND YOU WILL HUAT IN 10 YEARS .....................

iPunter      ( Date: 31-Oct-2010 17:52) Posted: I must add that when we talk about trend,    we must also look at it from the perspective of time-frames..        Because at any one time, several trends            of varying time frames can be in operation... (This is why I think that talking about 'scripts', without  qualifying it with time frame, is not only silly, but dangerous, esp. for newbies).

orh! i indeed interpret wrongly lol.

You have read me wrong...

   I am not saying it is on a downtrend.

      This is because, like I've  always said...

           no one knows the trend until after the event. 

though it was downtrend but must also be ready for the uptrend!

hmm...now i gave up other counter to wait for this haha..playing waiting game

Cheers!

You are right that it has already dropped a lot.

     But what I am talking about is the trend...

         merely falling a lot is different from trend.

            To market veterans, trend is a real

                and recognized a market phenomenon.

soloman      ( Date: 30-Oct-2010 19:50) Posted: IT HAS ALREADY DROP ALOT ALREADY ................................. iPunter      ( Date: 30-Oct-2010 19:41) Posted: If indeed is is in a downtrend, it would be definitely be agonizing for holders...    But the worst will befall those who are angry with the outcome          and who will definitely keep on averaging down as the downtrend continues...             But of course that's assuming it is on a downtrend..

thanks!

waiting for good price for this.if goes down to 5 buck i will show hand on this counter.

ACCORDING TO ANALYST , NOT SO SOON...

PRICE WILL SLOWLY DROP AGAIN DUE TO THE LONG PROCESS .........

AGAIN THIS IS ONE MORE REASON NOT TO HOLD ......................

SAME AS OTHER SHARES EXPERIENCE , AUSSIES WILL SELLOUT THE MINUTE THEY GOT THE SGX LOTS...................

ITS AGONISING FOR THOSE WHO HOLD LONG TERM .............