recession where are we now

Medicated Oil SG

What is left for sin city ?

All the assets will be sold to foreigners with island infested with foreigners.

The island will be a hotel for the dwellers.

The local will be left to care for themselves while the money they paid will be used to subsidize study for foreigners that will eventually dump the bond to leave in another hotel.

Not forgeting the money are used to celebrate some anniversary at some power station, which holds no meaning as there was no contributions to talk about since the quality of life have not improved.

To celebrate the anniversary is to defeat the purpose of equality that they have been fighting for since day one as there should be no celebration if there is equality.

Equality is in the mind, not in the numbers.

angel7030 SG

Is this a display of sarcasm from one who is frustrated from a full night work at managing a bar - or another exercise at mischievious self-indulgence ?

IR booming when "stock inices bottom out at 2011" - or are you referring to Year 2011 ?

Why should credit be free at that time ?

Perhaps both the IR will be offerring free "chips" to attract Singaporeans to visit the IRs as the regional visitor arrivals continue to drop ?

Are you referring to local or foreign banks operating in Singapore, or are you generalising ?

Singapore banks - and most banks in Asia - have not been as badly hit in the current financial crisis that started in the USA and spread across to UK and Europe.

The manner in which the Singapore financial system is structured for the domestic needs, any banks licensed to operate in Singapore can survive.

After Hyflux is sold to the Arabs, and all other assets - in physical and intellectual patent rights -what is there left for Singapore ?

Sure, when you run casinos, you need to free up your credits, you bet OCBC, DBS, and all top banks will be holding automate machine or even office at the basement of IR casinos.

Aiyo, me underage also get into casinos, but by next year, i can go in liao, but in Australia and las vegas, I was able to sneak in as they are not so strict, guess what, they give you $100 free chips to play, free first drink and trainer to teach you how to play. If you wins let say $300 out of the $100 chip, you can only exchange the $200 wins. If you loose the $100 or left behind $10 or whatsoever, nevermind just return. You are right about giving free chip, part of the attraction for you to get a feel of it.

Of course our Local banks lah, wha lau!! u still think of lemon and citi ar?? Our banks are pillars of our capitalist society, die die govt also must support, just like USA where they supported AIA and Citi all the way.

My Dad gain alot from hyflux, imagine he bought at only 50cents at initial offering, now he give some of his shares to me, if Arabs buy over...wow! I can close my pub and be Arab Queen liao.

fymk SG

Sure, when you run casinos, you need to free up your credits, you bet OCBC, DBS, and all top banks will be holding automate machine or even office at the basement of IR casinos.

My Dad gain alot from hyflux, imagine he bought at only 50cents at initial offering, now he give some of his shares to me, if Arabs buy over...wow! I can close my pub and be Arab Queen liao.

Don't you just love those oil rich buggers......

angel7030 SG

What is left for sin city ?

All the assets will be sold to foreigners with island infested with foreigners.

The island will be a hotel for the dwellers.

The local will be left to care for themselves while the money they paid will be used to subsidize study for foreigners that will eventually dump the bond to leave in another hotel.

Not forgeting the money are used to celebrate some anniversary at some power station, which holds no meaning as there was no contributions to talk about since the quality of life have not improved.

To celebrate the anniversary is to defeat the purpose of equality that they have been fighting for since day one as there should be no celebration if there is equality.

Equality is in the mind, not in the numbers.

To measure the quality of life and standard of living here, you need to take the last few decades to benchmark it, well, i bet the graph satistic will alway be rising...

1. education

2. people

3. earning power

4. standard of living

5. opportunities

6. peace

7. harmony

8. happiness

All these above have rise within a few decades, if those who feel that they are left behind, too bad, they missed the bus.

GHoST_18 SG

hyflux ipo 50cents meh?

angel7030 SG

hyflux ipo 50cents meh?

ya, just imagine how much you can make, if you sell now. At that time, dad told me no one believe that it can make new water or make drinkable water, i remember i visited their small plant at Suzhou when i was a student, the CEO was then a small Colonel turn entrepreneur working for our govt to bring fresh water into china village.

eagle SG

If you consider what the super talented Minister Tharman had said in Parliament to explain the loss of US$100 Billion by GIC and Temasek, which he said was to be seen within the context of a bigger picture and over the longer term - it clearly was done to obfuscate the common folks, the Heartlanders.

The effect of your unclear details arranged in the manner that I had highlighted was similarly a perfect example in the "Art of Obfuscation".

Do you think that anyone who is an avid follower of the Stock Indices would have grasp the nuances in the statement made - let alone those who are unfamiliar ?

Facts do not need to be bent to see the cause and its effects.

Unclear details, probably, especially to people looking to be spoonfed.

But all I can tell you is when I posted the same thing in CNA Market Talk forum, i.e. "downwave to 2050", the forumers there understand perfectly. You can go look through the whole 260+ pages of a particular thread there to confirm for yourself.

For those unfamiliar like you, too bad. I'm not touching their money. They have the cognitive ability to discern whether they should believe; they have the control over their money.

Furthermore, if unclear, you can just take out your keyboard and ask. Duh. You will fail in life if everytime you are unclear, you just complain that it is unclear and do nothing about it. Am I as untouchable as the minister?

Lastly, basic common sense will clear up the unclear details with a little more thoughts, especially to those who are followers of STI. Obviously you haven't given it much thought or you aren't even interested in following, in which case, there's nothing more for me to say to you.

Nvm, it's ok if you aren't interested. I have no obligations to explain further to you if you are only seeking to complain. There's totally no necessity for me to share anything learned; I don't need to explain whatever actions I took to earn and profit (or loss) on my own money.

By comparing a sharing post from me on what I would do to my own money, to an explanation given by a minister on what was done on Singaporeans money, and hence committing a logical fallacy, you have clearly lost whatever little respect I had for you.

Arapahoe SG

What is left for sin city ?

All the assets will be sold to foreigners with island infested with foreigners.

The island will be a hotel for the dwellers.

The local will be left to care for themselves while the money they paid will be used to subsidize study for foreigners that will eventually dump the bond to leave in another hotel.

Not forgeting the money are used to celebrate some anniversary at some power station, which holds no meaning as there was no contributions to talk about since the quality of life have not improved.

To celebrate the anniversary is to defeat the purpose of equality that they have been fighting for since day one as there should be no celebration if there is equality.

Equality is in the mind, not in the numbers.

well Sin people will be foreign workers lor....

eagle SG

My idea of defensive

ST Engineering (S63.SG) outperforming market tad after aerospace, electronics, land systems and marine engineering company announces latest in string of contract wins. ST Eng was awarded 5-year contract worth about S$26.5 million by Singapore's Land Transport Authority (LTA) to provide maintenance for electrical and mechanical systems on Kallang Paya Lebar Expressway (KPE). Broker notes company's orders now stand at record of over S$11 billion, forecasts FY10 earnings to grow 10.9% on-year; reiterates Buy rating with unchanged target price of S$2.83.

Recession but still profitting... Complaining that GLCs are well protected? Take a stake in it then!

angel7030 SG

The effect of your unclear details arranged in the manner that I had highlighted was similarly a perfect example in the "Art of Obfuscation".

Do you think that anyone who is an avid follower of the Stock Indices would have grasp the nuances in the statement made - let alone those who are unfamiliar ?

Facts do not need to be bent to see the cause and its effects.

Lost is part of a gain, it is inevitable in the first place, nobody want a lost, who would?? But if you look at the purpose of investment, it serve no harm but a win win for the govt and it citizen.

What is there to explain when you dun even need to foot a cent, get your rebates, get trained/educated and get a job, still peace and harmony, travel as you like and eat as usual.

With no doubt, Share and Stock are secondary in comparing to your primary job security, the connection and the know how is critical, unless given excess money or money gained in previous selling or accumulated, you can go into share market with some fun. But never use the money that is for your basic neccessities.

And as a person, Singapore govt understand the basic neccessities fund that need to be preserve our needs, the lost are part of the earlier gain, that is why, even if we are the hardest hit economy downturn around this region, we still stand tall and able to give rebates, discount and spur programme to help the lower income.

Neighbouring countries are alway an envy of us, and that come with jealousy too, despite our losses, we still stand out from the rest shown that we can afford such losses.

angel7030 SG

My idea of defensive

Recession but still profitting... Complaining that GLCs are well protected? Take a stake in it then!

GLCs under temasek are just merely looking for more fun, project are therefore interconnected just to jack up the shares and later cash cow into temasek book. Be careful.

eagle SG

GLCs under temasek are just merely looking for more fun, project are therefore interconnected just to jack up the shares and later cash cow into temasek book. Be careful.

Before this, you mention banks. They are also GLCs what. -.-"

Chew Bakar SG

Before this, you mention banks. They are also GLCs what. -.-"

eagle SG

UOB has no plans for rights issue at the moment
By Jonathan Peeris, Channel NewsAsia | Posted: 29 April 2009 1719 hrs

SINGAPORE: United Overseas Bank (UOB) chairman Wee Cho Yaw said the banking sector is not out of the woods yet and he remains pessimistic about the medium term.

But at the bank's annual general meeting on Wednesday, he assured shareholders that UOB has already fully provided for all its toxic assets and has no plans for a rights issue.

Admittedly, there were concerns among some shareholders. One of them, who only wanted to be known as Mr Tee, said rising non-performing loan (NPL) ratio poses a big risk and is an issue, while others are more optimistic about it.

"That is only to be expected, I think the question is how much higher it goes up. I believe Mr Wee Ee Cheong said that during the last Asian financial crisis, it was at a much higher level than today," another shareholder, Vincent Chen, said.

Among Singapore's major banks, UOB has the highest NPL ratio at 2 per cent. Its competitors, DBS and OCBC, have raised theirs to 1.5 per cent in the fourth quarter of last year.

UOB justified its decision to cut its 2008 final dividend from 45 cents to 40 cents. The bank said it is looking at the long term and wants to preserve some cash to prepare for any future shocks.

Mr Wee also spoke about the departure of Mr Michael Lien from the bank's board. Mr Lien is the grandson of the late Dr Lien Ying Chow who founded Overseas Union Bank, which was bought over by UOB in 2001.

Mr Wee said he personally called both Mr Lien and his grandmother, Margaret Lien, to ask them to keep a representative of their family on the board. However, both of them declined the offer, citing the desire to concentrate on their new commitments.

- CNA/ir/so

angel7030 SG

Before this, you mention banks. They are also GLCs what. -.-"

OCBC n UOB not GLC ok.

Chew Bakar SG

OCBC n UOB not GLC ok.

Atobe SG

Unclear details, probably, especially to people looking to be spoonfed.

For those unfamiliar like you, too bad. I'm not touching their money. They have the cognitive ability to discern whether they should believe; they have the control over their money.

Firstly, did anyone solicit any respect from anyone in this Speaker's Corner - are you making your own assumptions here, or were you trolling for some respect with your unclear piece printed on 06 Jul 09 9.53AM ?

Secondly, this Speaker's Corner is largely about politics and if you wish to display your prowess with market indices perhaps you could have qualified your response from the beginning.

Clearly, you have wrongly assumed that your post in this Political Forum would be read in the manner you wished as you had experienced in the CNA Market Talk Forum. Duh.

Spoon Feeding ?

It looks like you need to be shown the ropes to avoid the pitfalls of being misread and misunderstood - even by the avid self-indulgent Angel, who had similarly taken your number '2011' for what it is worth in her response on 7 Jul 09 - 11.56AM at the top of Page 3.

My response on 7 Jul 09 4.58AM had shown how your post is as obfuscating as the statements made by Minister Tharman to cover up the US$100 Billion lost - no one is expecting you to accept the same views, and you are not expected to be less intelligent for not holding the same views.

It is doubtful that anyone will wish to spoon feed you with the political reality.

eagle SG

Secondly, this Speaker's Corner is largely about politics and if you wish to display your prowess with market indices perhaps you could have qualified your response from the beginning.

Clearly, you have wrongly assumed that your post in this Political Forum would be read in the manner you wished as you had experienced in the CNA Market Talk Forum. Duh.

Spoon Feeding ?

It is doubtful that anyone will wish to spoon feed you with the political reality.

Simply put, you are still persisting in your usage of an inappropriate analogy when I have clearly spoonfed you why. Next, I gave you respect because of your response to Gazelle long ago. You do not need to solicit it, but I gave it. Making your own assumptions?

Also, with regards to "are you making your own assumptions here, or were you trolling for some respect with your unclear piece printed on 06 Jul 09 9.53AM ?"

You are already clearly making your own assumptions on the second portion of the sentence. Obviously you are a hypocrite hidden behind the screens; you can do it but others can't???

Clearly, you have wrongly assumed that your post in this Political Forum would be read in the manner you wished as you had experienced in the CNA Market Talk Forum. Duh.

This is the dumbest thing ever. Look at the description of this forum. Does it in anyway mention that it is only for politics?

Also, you said this

Do you think that anyone who is an avid follower of the Stock Indices would have grasp the nuances in the statement made - let alone those who are unfamiliar ?

So now you eat back your earlier words by claiming I assume it would be read in the manner I had experienced in Market Talk forum by avid followers of Stock Indices? How about that on wrongly assuming things?

Your eyes have also clearly failed you that stocks were mentioned on the very first post. There's nothing wrong in giving my thoughts and opinions on it. Yet you can link it to what the ministers are saying???? What other need is there to qualify the response at the start when it is part of the point in the first post made by TS?

It looks more likely the case that you need to be shown the ropes how to turn on basic common sense in your head.

You can call it obfuscating, confusing, anything you like. I don't need or want you to understand anyway. You don't understand anyway too; there are just so many things in this world that can easily obfuscate you.

This isn't even a thread on political reality. And I don't need to be complaining like you on political reality here when I can easily succeed in this system and live on comfortably.

Lastly, by persisting like that even though I have explicitly stated that I do not need you to understand my post, you are putting yourself on the same league as PAP for their tactic of questioning James Gomez in the last elections. Maybe you want to tell me you do not condemn their methods at all, but instead, support it so well that you have to replicate it? Hypocrite.

Just sharing opinions so as to protect forumers here, in case they really think the worst is over and throw too much into stocks. Really... What has Singapore degenerated into? Such that my aim/target of compassion to share my thoughts so that people will be less likely to lose money is also to be questioned and probed?

Atobe SG

In the first place, no one solicit for respect from anyone when posting in this SgForums.

This is a place for anyone to post their views, where those with clear views get their message across, and those making unclear or controversial statements will only create trouble for themselves.

Do I have to make any assumptions about solicitation, when you offered your own respect towards others voluntarily ?

In any case, thanks .... but no thanks, it is too much a burden to carry.

Also, with regards to "are you making your own assumptions here, or were you trolling for some respect with your unclear piece printed on 06 Jul 09 9.53AM ?"

You are already clearly making your own assumptions on the second portion of the sentence. Obviously you are a hypocrite hidden behind the screens; you can do it but others can't???

Lets not belabor the point as to who or what started this aspect of "respect" - just look at the various posts and one can see which post had that word printed.

This is the dumbest thing ever. Look at the description of this forum. Does it in anyway mention that it is only for politics?

Obviously, you have missed the front page of SgForums - when you log in at http://www.sgforums.com/

Did you not notice that next to the big bold red lettered SG Forums - there exist some leading sites for you to click on ?

Food Politics Aunt Agony Movies Cars Sports Games and some more others which finally end with …and much more…!

If you had clicked on Politics it would have brought you to the Speaker's Corner, then again - your probably missed this and had clicked the list of short-cuts that brought you to the Speaker's Corner.

Then again, obviously you did not notice that when you arrive at the Speaker's Corner - at the top of the first page, you should have noticed the following:-

Now, what were you asking again ?

Also, you said this

How have I taken back what I have earlier said on Pg 3 - 07 Jul 09 12.23PM which you have quoted now - with what I had printed as a follow-up on Pg 4 - 07 Jul 09 3.23PM ?

"Clearly, you have wrongly assumed that your post in this Political Forum would be read in the manner you wished as you had experienced in the CNA Market Talk Forum. Duh."

Surely, you cannot be so desparate as to intentionaly read things "out-of-context" ?

You should read again what were the subject matters that was printed in the first post made by TS - it refers largely to the state of the economy based on conflicting opinions, and he gave a list of conflicting circumstances that affect the economy in general (that included stocks).

Your first post on this was on Pg 1 - 05 Jul '09, 11.59PM and followed by the second post on Pg 1 - 06 Jul '09 9.53AM in response to 'novelltie' - with the following that started this exchange:

"With a little more understanding in calculations of waves from EW Principle, I'm estimating that the stock market will actually bottom out in 2011 March...

But the current upwave might last till next year march... However, short term wise, there might be a down wave till 2050"

After my reply on Pg 1 - 06 Jul '09 11.07am, you gave a follow-on reply 06 Jul '09 11.12AM which did not clearly addressed how you arrive at your above statement.

My follow-on reply on Pg 2 - 07 Jul '09 04.58AM seems to have got you on the wrong foot, which had your own admission that it was your mistake as posted in your reply on 07 Jul '09 8.30AM.

My reply on 07 Jul '09 12.23PM had taken issue with your sarcasm about people requiring to be spoonfed, when it was clearly your own mistake in not being clear to have cause the confusion as you have already admitted.

Are you taking back your own admission, while not so cleverly accusing others of taking back words printed - by taking statements out of context ?

It looks more likely the case that you need to be shown the ropes how to turn on basic common sense in your head.

This isn't even a thread on political reality. And I don't need to be complaining like you on political reality here when I can easily succeed in this system and live on comfortably.

No one is probing your passion in sharing your thoughts to help others in the same manner in which have been so defensive when others have seen flaws in your response.

If you are looking for an apology for irking you, I will be happy to give one - for whatever it is worth to you, even if you believe there is hypocrisy on my part.

eagle SG

In the first place, no one solicit for respect from anyone when posting in this SgForums.

This is a place for anyone to post their views, where those with clear views get their message across, and those making unclear or controversial statements will only create trouble for themselves.

Do I have to make any assumptions about solicitation, when you offered your own respect towards others voluntarily ?

In any case, thanks .... but no thanks, it is too much a burden to carry.

No worries. You don't have any respect now.

Obviously, you have missed the front page of SgForums - when you log in at http://www.sgforums.com/

Did you not notice that next to the big bold red lettered SG Forums - there exist some leading sites for you to click on ?

Food Politics Aunt Agony Movies Cars Sports Games and some more others which finally end with …and much more…!

Then again, obviously you did not notice that when you arrive at the Speaker's Corner - at the top of the first page, you should have noticed the following:-

Now, what were you asking again ?

Read

Want to make a point? Politics, government, education,...

The name merely reflects the first of all things that can be discussed.

The main thing on this forum is to make a point.

How have I taken back what I have earlier said on Pg 3 - 07 Jul 09 12.23PM which you have quoted now - with what I had printed as a follow-up on Pg 4 - 07 Jul 09 3.23PM ?

"Clearly, you have wrongly assumed that your post in this Political Forum would be read in the manner you wished as you had experienced in the CNA Market Talk Forum. Duh."

Surely, you cannot be so desparate as to intentionaly read things "out-of-context" ?

Clearly evading

You told me avid followers of STI would not be able to understand.

Yet you tell me in the following post that not to expect what I have had experienced in CNA Market Talk forum, a forum for avid followers of STI. This shows you are telling me you realised avid followers of STI would be able to understand.

Try again, incoherent person.

Yes, glad that you realised finally that it included stocks.

So there is nothing wrong with sharing my views on the stock markets. DUH

Your first post on this was on Pg 1 - 05 Jul '09, 11.59PM and followed by the second post on Pg 1 - 06 Jul '09 9.53AM in response to 'novelltie' - with the following that started this exchange:

"With a little more understanding in calculations of waves from EW Principle, I'm estimating that the stock market will actually bottom out in 2011 March...

But the current upwave might last till next year march... However, short term wise, there might be a down wave till 2050"

After my reply on Pg 1 - 06 Jul '09 11.07am, you gave a follow-on reply 06 Jul '09 11.12AM which did not clearly addressed how you arrive at your above statement.

My follow-on reply on Pg 2 - 07 Jul '09 04.58AM seems to have got you on the wrong foot, which had your own admission that it was your mistake as posted in your reply on 07 Jul '09 8.30AM.

Are you taking back your own admission, while not so cleverly accusing others of taking back words printed - by taking statements out of context ?

My follow up reply is to clear any confusion you had. I have admitted for not being clear, because I am indeed talking to people who are not followers of STI. And it is indeed spoonfeeding because even you did not dare to challenge and check out CNA Market Talk forum on whether they will understand what was posted, which I can tell you, they will.

Furthermore, haven't I take steps to attempt to clear up your confusion on my phrasing? Realised only you didn't understand? Do I need to explain to you each and every single word, and how logical it is to avid followers of STI?

You were logical enough to deduce that 2050 isn't the year I was referring to because 2011 was already stated as longer term, yet how come you weren't logical enough to deduce too that it refers to the value of STI when it is on the downtrend at 2280? Isn't that waiting to be spoonfed? Thinking and deducing logics halfway?

Must everything be so clear in black and white like a contract you are going to sign for you to fully comprehend? Is this seriously something that you cannot deduce and comprehend by yourself?

I have never believed in stating things too clearly and fully when educating/sharing, because I strongly believe in an inquiry approach. I still refuse to believe that your brain capacity was insufficient to process what was said properly.

What I am taking issue is your immediate linking with what I posted of my own views to what the XXXXing minister said about what TH has done (explaining away a mistake without admitting it) before confirmation of what was said. And your attitude of liking to link things to PAP in a totally unrelated manner.

No one is probing your passion in sharing your thoughts to help others in the same manner in which have been so defensive when others have seen flaws in your response.

If you are looking for an apology for irking you, I will be happy to give one - for whatever it is worth to you, even if you believe there is hypocrisy on my part.

Yes, I'm looking for an apology for even linking me with that unrelated statement from our minister.

If you were just saying that I'm confusing, or my analysis were wrong, I have zero issues, because I will agree with that. There is no 100% on this.

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