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Since Singapore is arguably the most iPhone-penetrated-pe r-capita country in the world, it’s worthy to note that Consumer Reports has just dissed the iPhone 4, after finding out in RF-isolation tests that yes, iPhone 4 early adopters could actually believe their lying eyes after all, instead of Steve Jobs’ “you don’t know how to hold your ...
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So you’re a retail investor in Singapore. You’re pretty excited about the news that SGX will soon be creating the speediest exchange in the world, in order to facilitate global HFT/algo trading. You think to yourself: ‘wow, with all the liquidity coming into Singapore, pao chiak! I’ll simply put on my Millionaire Mindset, apply my ...
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Minutes after protesters surrendered to M16s and APCs, reports are coming in of random fires and sporadic rioting breaking out in different parts of Bangkok, and in the provinces. The unwashed verminal “red” masses would not have failed to notice that throughout the killing, not one royal voice was raised, nor one cent donated, nor ...
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From the burning tyres in Bangkok, rise the prospect of the independent Democratic Republic of North Thailand. (Southern restive Muslim states welcome to join as trading partner). Since this is the year of “things being worse than expectations”, and as the carnage continues in BKK, all we need now is for a few well-positioned photo ...
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Just a few random snippets here and there, talking about my favourite property punt location right now: China. Summary: Beijing property values plunge more than 30%, Shanghai is next, people generally believe that local governments are the culprits behind property bubble, and rich Chinese developers say “let them eat cake” (See shoe throwing incident in ...
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It’s good being a command economy. Like, just a day ago, the Beijing muni government decided to command that families are now limited to one new apartment purchase in addition to what they already own, and if they can’t prove that they paid taxes or contributed to the Beijing government officials’ ‘health’ spa visits, then ...
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After weeks of telling everyone that ‘failure is not an option’, failure is now an option. Yes, Victoria, there is a plan B. The Greek Government can still borrow from the market: at 9% – just shy of the rates offered by loan sharks and the mafia. In fact, the options available to the hapless ...
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Missed a funny from Monday. But this is a pretty good one.From the Onion “New College Graduates To Be Cryogenically Frozen Until Job Market Improves”WASHINGTON—In a bold new me …
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Our leaders have a new theme for 2010: it’s called “Buy China”. In a stirring presentation in Taiwan reminiscent of Martin Luther King (not), GIC Dy Chair Tony Tan laid out his forecast (hope?) for the dawn of a golden age in Asia, in order to justify a double-down of Singapore reserves on the casino ...
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Here’s an interesting and easy-reference chart which lists out the top creditors of the US of A. We Singaporeans are definitely punching way above our weight class – almost on par with India – at USD35.2 billion in USTs. Given what’s transpired in the last year or so, wonder if this list will soon be ...
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First, the magical hoped-for number was $420 million, thanks to whisperings from the salesmen of hope at Citi and Morgan Stanley. Now, reality has set in: it’s “about $200 -$250 m”. Yet again proving the ability of the “geniuses̶ 1; at Citi and MS to properly read the market: take whatever price these guys give you, ...
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Share placements (aka corporate-sponsored jacking of the punter/minority shareholder who didn’t bother to show up for AGMs) are taking Singapore by storm. A recent announcement by MI-Reit, from the BT, attests to this growing trend: “Big recapitalisation exercise at MI-Reit” (from BT):MACARTHURCOOK Industrial Reit (MI-Reit) has announced a slew of measures …
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Lest anyone accuse us of presenting a totally biased and one-sided view of how S-crooks rip off Singaporeans, here’s the flip side: where a Singaporean shows a high degree of skill in riding the S-crud gravy train as well. Mr … Continue reading →
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A quick update on every Singaporean’s (and some say Batam’s) favourite scam. We admit it – we were way wrong in assuming that there would be roughly $1300 per claimant (there are about 100 of them) once CAD completes its … Continue reading →
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In an absolute stunner of a move demonstrating how the Fed has now totally abandoned the charade that it actually cares about “Stable Prices and Maximum Employment of the American People”, Bloomberg reports that the Fed is now consulting with … Continue reading →
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Bocker, during the recent SGX AGM, admits that the Singapore equities trade is roughly 1% (that’s one percent, which most CEOs of trading firms will call a rounding error) of Asia’s total trading value, implying that all that’s keeping the … Continue reading →
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Our daily Chicken Little moment comes to you courtesy of Biz Insider: Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year Do your frien …
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Remember the Iceland volcano with the unpronounceable name? (which, according to my simple minded theory is that the inability of news anchors to pronounce said name was main reason why Eyjafjallajokulisare almuthafuckanametosa y has generally fallen off radar of MSM) Well, it’s boiling up again, shutting down airspace over parts of Europe over the weekend, and now ...
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In case any reader is thinking of leading a secessionist movement to declare Sengkang an independent nation from Singapore. Here’s what several prominent secessionists in the US are thinking about. (In case we think this is too far removed from our own reality, let’s not forget Sabah/Sarawak in Malaysia, the Southern provinces in Thailand, Timor ...
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FT has summed up the background that has led to the situation in Bangkok. But here it is in local-speak: It’s about farming heartlanders versus the uncaring elitist faces in Bangkok. Thaksin may have been instrumental in waking the heartlanders up, but now awake, the heartlanders have now discovered that they are pretty muscular after ...
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