Baltic dry index - 941

Today, Friday, September 23 2016, the Baltic Dry Index climbed by 4 points, reaching 941 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 511

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 511.

A year ago, 838 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one.

Louisiana, New Mexico and West Virginia each declined by one rig.

Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

DBS failed to see warning signs for Swiber before default and claimed that it imploded suddenly.

DBS claimed no sign of distress for Swiber and extended more loan to Swiber.  How true is this claim?

http://www.todayonline.com/business/dbs-chief-gupta-defends-decision-extend-lifeline-swiber

However, Kim Eng and S&P stated red flags were there for some time prior to the default.

http://www.straitstimes.com/business/companies-markets/swibers-woes-warning-signs-were-there-for-some-time

http://www.businesstimes.com.sg/companies-markets/there-were-signs-pointing-to-swibers-troubles-before-collapse-sp-global

USA is losing its staunch allies to China!

UK joined AIIB despite USA's protest.

Canada is applying to join AIIB now.
http://www.japantimes.co.jp/news/2016/08/31/business/economy-business/canada-snubs-u-s-seeking-join-china-led-aiib/

Canada is also trying to establish FTA with China.
https://sputniknews.com/politics/20160923/1045613786/china-canada-mull-free-trade.html

Singapore stock calls for 23 September 2016

TPP is doomed to fail as it is an unfair business pact for ASEAN.

http://www.bangkokpost.com/business/news/1087705/vietnam-delays-tpp-vote

TPP is never a good and fair business pact and Europe has already rejected TTIP which is TPP in European version. TPP cannot proceed as all countries involved must ratify it.

Singapore stock calls for 22 September 2016

Singapore stock calls for 21 September 2016.

Singapore stock calls for 20 September 2016

Singapore stock calls for 19 September 2016.

Baltic dry index - 800

Today, Friday, September 16 2016, the Baltic Dry Index climbed by 36 points, reaching 800 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 506

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 506.

A year ago, 842 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 416 rigs sought oil and 89 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Oklahoma gained three rigs and Alaska was up one.

Louisiana declined by two rigs and North Dakota and Texas fell by one each.

Arkansas, California, Colorado, Kansas, New Mexico, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Singapore stock calls for 16 September 2016

Will breaking the law in good faith exonerate your guilt?

http://news.asiaone.com/news/singapore/kong-hee-had-used-city-harvest-churchs-funds-good-faith-lawyer-says

Laws are not meant to be broken whether in good or bad faith. Breaking the law in good faith will not exonerate your guilt. If someone robs the rich to give it to the poor, he is also robbing in good faith and doesn't seek any personal gain for himself but that doesn't mean he is not guilty under the law.

The lawyers are damn stupid to argue in this way.

USA and Japan are still looking to stir up troubles in South China Sea.

https://sg.news.yahoo.com/japan-boost-south-china-sea-role-training-patrols-024915637.html

USA and Japan (non-claimants) are still looking to stir up troubles in South China Sea when claimants have agreed to handle their differences with China bilaterally.

There has not been a single instance in South China Sea where there is no freedom of navigation by commercial ships. Asean knows what the USA & Japan are up to and will not follow them.

Duterte has put actions into his words!

http://www.bloomberg.com/news/articles/2016-09-13/duterte-courts-china-for-weapons-ends-joint-patrols-with-u-s

Simple maths problem

There are 18 students in a party.  Each boy eats 5 sweets and each girl eats 3 sweets. In total, boys eat 42 sweets more than girls. How many more boys are there?

Singapore stock calls for 15 September 2016

Singapore stock calls for 14 September 2016

Vietnam and China agree to manage differences in South China Sea.

Vietnam and China will manage differences in South China Sea bilaterally without USA involvement.

http://timesofindia.indiatimes.com/world/china/China-Vietnam-to-properly-manage-differences-over-South-China-Sea/articleshow/54311854.cms