Tuesday, May 23, 2017
South Korea has been at the losing end because of THAAD.
https://sg.news.yahoo.com/korea-tourist-numbers-hammered-china-boycott-043412578--finance.html
China and Japanese tourists have cut back their travelling plans to South Korea.
This shows that THAAD is not good for economic growth. Let's see whether SK will change its mind on THAAD.
China and Japanese tourists have cut back their travelling plans to South Korea.
This shows that THAAD is not good for economic growth. Let's see whether SK will change its mind on THAAD.
Noble is in serious financial trouble - Part 2
http://www.cnbc.com/2017/05/22/noble-shares-plunge-amid-a-double-whammy-of-bad-news.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104485795&yptr=yahoo
Investors who read our postings on Noble would have cashed out or stayed away and wouldn't have their monies trapped in Noble.
The trading halt has prevented Noble from falling further but without a white knight plus the great difficulty of raising funds because of its negative cash flow, the future for Noble is in the abyss.
Sinochem must have seen Noble's cashflow statement especially the negative cash flow and also understood the weak commodities industry to have walked away from the investment.
http://sg-stock.blogspot.sg/2017/05/noble-is-in-serious-financial-trouble.html
Investors who read our postings on Noble would have cashed out or stayed away and wouldn't have their monies trapped in Noble.
The trading halt has prevented Noble from falling further but without a white knight plus the great difficulty of raising funds because of its negative cash flow, the future for Noble is in the abyss.
Sinochem must have seen Noble's cashflow statement especially the negative cash flow and also understood the weak commodities industry to have walked away from the investment.
http://sg-stock.blogspot.sg/2017/05/noble-is-in-serious-financial-trouble.html
AIIB progression has been great and it's harder to join AIIB now.
http://en.people.cn/n3/2017/0522/c90000-9218670.html
AIIB has many projects to invest in especially the one-belt-one-road initiatives. AIIB will start to be profitable soon because many of the projects are government or state ruled with low bankruptcy probability. It's harder to join AIIB now because many existing members don't want their shares to be diluted. Not many countries are willing to give up their shares in AIIB and late comers will have little say in AIIB.
AIIB has many projects to invest in especially the one-belt-one-road initiatives. AIIB will start to be profitable soon because many of the projects are government or state ruled with low bankruptcy probability. It's harder to join AIIB now because many existing members don't want their shares to be diluted. Not many countries are willing to give up their shares in AIIB and late comers will have little say in AIIB.
Monday, May 22, 2017
Fearmongering by western media
https://sg.news.yahoo.com/beijings-weapon-economic-war-chinese-tourists-031202899--finance.html
Every powerful country does it but USA does it more and more severely.
TPP is one good example for USA to wield considerable economic power over other countries and to contain China.
https://www8.gsb.columbia.edu/faculty/jstiglitz/sites/jstiglitz/files/2015%20TPP%20Malaysia.pdf
http://foreignpolicy.com/2015/07/07/9-ways-the-tpp-is-bad-for-developing-countries/
Quote:
That’s because the TPP would create investorstate dispute settlement (ISDS) mechanisms that would allow foreigners to sue the government when they think a regulation will harm their profits. The arbitration would be private and binding, even if the outcome contradicts domestic laws. And the company could be compensated for the loss of its expected profits, not just for its past investments, even if its profits are generated by selling products that kill people and if there is no discrimination involved in the regulation.
End Quote.
This investor-state dispute settlement mechanism was enforced by USA government onto other countries in the TPP agreement.
So tell me now! Which country doesn't use its economic and military prowess on other countries? If all the super power countries do it, why is there a need to single out China in the western media?
EU rejected TTIP (Europe TPP) because of unreasonable clauses imposed by USA too.
Every powerful country does it but USA does it more and more severely.
TPP is one good example for USA to wield considerable economic power over other countries and to contain China.
https://www8.gsb.columbia.edu/faculty/jstiglitz/sites/jstiglitz/files/2015%20TPP%20Malaysia.pdf
http://foreignpolicy.com/2015/07/07/9-ways-the-tpp-is-bad-for-developing-countries/
Quote:
That’s because the TPP would create investorstate dispute settlement (ISDS) mechanisms that would allow foreigners to sue the government when they think a regulation will harm their profits. The arbitration would be private and binding, even if the outcome contradicts domestic laws. And the company could be compensated for the loss of its expected profits, not just for its past investments, even if its profits are generated by selling products that kill people and if there is no discrimination involved in the regulation.
End Quote.
This investor-state dispute settlement mechanism was enforced by USA government onto other countries in the TPP agreement.
So tell me now! Which country doesn't use its economic and military prowess on other countries? If all the super power countries do it, why is there a need to single out China in the western media?
EU rejected TTIP (Europe TPP) because of unreasonable clauses imposed by USA too.
USA is really good at spinning stories.
https://sg.news.yahoo.com/exclusive-north-koreas-unit-180-cyber-warfare-cell-030700681.html
USA has claimed that wannacry ransomware is executed by NK which operates from a China base so that it won't be traced back to NK. USA has been accusing China for a long time already but this time has shifted the blame to NK.
China can shift the blame to NK for future hackings now because USA has officially declared that NK operates in China. This is definitely a good excuse for China.
USA has claimed that wannacry ransomware is executed by NK which operates from a China base so that it won't be traced back to NK. USA has been accusing China for a long time already but this time has shifted the blame to NK.
China can shift the blame to NK for future hackings now because USA has officially declared that NK operates in China. This is definitely a good excuse for China.
China commercial satellite technology.
Just look at the capability of China 1st commercial satellite, Jilin 1.
These images were from US Nellis Airforce Base in Southern Nevada.
China military satellite technology is better than its commercial satellite technology. What we can see from the military satellite will be even more amazing! USA will definitely be nervous to see such images from a commercial satellite.
These images were from US Nellis Airforce Base in Southern Nevada.
China military satellite technology is better than its commercial satellite technology. What we can see from the military satellite will be even more amazing! USA will definitely be nervous to see such images from a commercial satellite.
North Korea fired 2 missiles within a week.
http://www.reuters.com/article/us-northkorea-missiles-idUSKBN18H0A6
North Korea was so defiant and fired 2 missiles within a week because it knew USA wouldn't go all out to wage war against NK. NK is taking advantage of USA weakness now.
As long as China & Russia don't cooperate together to rein in NK, NK will continue to be defiant. When NK loses supports from these 2 countries, NK will be totally isolated and will cower in fear. This fat Kim must be punished for being so stubborn, ungrateful and defiant.
North Korea was so defiant and fired 2 missiles within a week because it knew USA wouldn't go all out to wage war against NK. NK is taking advantage of USA weakness now.
As long as China & Russia don't cooperate together to rein in NK, NK will continue to be defiant. When NK loses supports from these 2 countries, NK will be totally isolated and will cower in fear. This fat Kim must be punished for being so stubborn, ungrateful and defiant.
Sunday, May 21, 2017
USA is unwilling to risk everything for South Korea.
http://en.people.cn/n3/2017/0520/c90000-9218270.html
US defence secretary has stated clearly that military option is not advisable and is seeking a diplomatic solution. There might be another reason for this decision and it could be that Trump couldn't control its naval forces.
http://sg-stock.blogspot.sg/2017/05/president-trump-is-losing-control-of.html
US defence secretary has stated clearly that military option is not advisable and is seeking a diplomatic solution. There might be another reason for this decision and it could be that Trump couldn't control its naval forces.
http://sg-stock.blogspot.sg/2017/05/president-trump-is-losing-control-of.html
President Trump is losing control of its naval forces.
US Pacific commander Harry Harris had the audacity to visit East China without President Trump's blessing meant that commander Harry was trying to sow discord between US & China and Trump was losing control of the naval forces. Commander Harry didn't go to North Korea as instructed by Trump previously which embarrassed Trump. Trump also rejected Commander Harry's requests to sail to Scarborough Shoal for 3 times because Trump wanted to maintain a good relationship with China. All these incidents meant that Trump and the naval commander couldn't get along well.
https://www.nytimes.com/2017/05/02/world/asia/navy-south-china-sea.html
http://www.reuters.com/article/us-usa-japan-china-idUSKCN18D2NL
China retaliated US incursion by sending 4 China Coast Guard ships to navigate within 12NM of Diaoyu islands.
http://thediplomat.com/2017/05/east-china-sea-4-china-coast-guard-vessels-enter-territorial-sea-near-disputed-islands/
Look like South China Sea tension is slowly rising again with USA provocation. USA is always the troublemaker.
https://www.nytimes.com/2017/05/02/world/asia/navy-south-china-sea.html
http://www.reuters.com/article/us-usa-japan-china-idUSKCN18D2NL
China retaliated US incursion by sending 4 China Coast Guard ships to navigate within 12NM of Diaoyu islands.
http://thediplomat.com/2017/05/east-china-sea-4-china-coast-guard-vessels-enter-territorial-sea-near-disputed-islands/
Look like South China Sea tension is slowly rising again with USA provocation. USA is always the troublemaker.
Saturday, May 20, 2017
China has achieved a new breakthrough in mining methane hydrates.
http://www.bbc.com/news/world-asia-china-39971667
Methane hydrates may be the new form of energy because it's 10x more than shale oil and it's highly flammable. There is also no complex refinery needed for it to be used as a fuel.
China also has no problem extracting methane hydrates in the sea because it has blue whale rig.
http://www.scmp.com/news/china/society/article/2076179/china-launches-worlds-largest-oil-exploration-sea-platform
Methane hydrates may be the new form of energy because it's 10x more than shale oil and it's highly flammable. There is also no complex refinery needed for it to be used as a fuel.
China also has no problem extracting methane hydrates in the sea because it has blue whale rig.
http://www.scmp.com/news/china/society/article/2076179/china-launches-worlds-largest-oil-exploration-sea-platform
Baltic dry index - 957
Today, Thursday, May 18 2017, the Baltic Dry Index decreased by 3 points, reaching 957 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.
==========================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean.
US rig count - 901
The number of rigs exploring for oil and natural gas in the U.S. rose by 16 this week to 901.
A year ago, 404 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 720 rigs sought oil and 180 explored for natural gas this week. One was listed as miscellaneous.
Texas added eight rigs and Oklahoma gained four. Louisiana, Pennsylvania and Wyoming each gained two, while New Mexico and Ohio each added one.
Colorado declined by two rigs and Alaska lost one.
Arkansas, California, Kansas, North Dakota, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out last May at 404.
==============================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Vietnam is not afraid to offend Taiwan but Singapore just doesn't get it.
Vietnam has been at loggerheads with China for territorial claims but Vietnam knows which side to support for its own economic benefits.
Vietnam is not afraid to offend Taiwan for China to see.
Vietnam fined Formosa for USD$500m.
http://asia.nikkei.com/Business/AC/Formosa-Plastics-fined-500m-over-toxic-waste-in-Vietnam
Vietnam clearly spelt out its one China policy.
http://en.nhandan.com.vn/politics/item/4939802-vietnam-china-issues-joint-communique.html
"The Vietnamese side affirmed to consistently pursue the one-China policy, support the peaceful development of Cross-Strait relations and China’s great cause of unification, and resolutely oppose actions for an “independent Taiwan” in any form. Vietnam does not develop any official ties with Taiwan. The Chinese side welcomes Vietnam’s stance."
What does China give to Vietnam in return?
China involves Vietnam deeply in its grandeur one-belt-one-road initiatives and helps Vietnam to get the financing it badly needs.
Project financing and railway construction.
http://news.xinhuanet.com/english/2017-05/15/c_136286256.htm
However, China isolates SG from its one-belt-one-road initiatives because we don't spell out our one-China policy clearly and we help USA to contain China. The devious Taiwan president even tried to use SG as a pawn against China. Therefore, we should also use Taiwan as our leverage to get more economic benefits from China but Singapore just doesn't get it.
Vietnam is not afraid to offend Taiwan for China to see.
Vietnam fined Formosa for USD$500m.
http://asia.nikkei.com/Business/AC/Formosa-Plastics-fined-500m-over-toxic-waste-in-Vietnam
Vietnam clearly spelt out its one China policy.
http://en.nhandan.com.vn/politics/item/4939802-vietnam-china-issues-joint-communique.html
"The Vietnamese side affirmed to consistently pursue the one-China policy, support the peaceful development of Cross-Strait relations and China’s great cause of unification, and resolutely oppose actions for an “independent Taiwan” in any form. Vietnam does not develop any official ties with Taiwan. The Chinese side welcomes Vietnam’s stance."
What does China give to Vietnam in return?
China involves Vietnam deeply in its grandeur one-belt-one-road initiatives and helps Vietnam to get the financing it badly needs.
Project financing and railway construction.
http://news.xinhuanet.com/english/2017-05/15/c_136286256.htm
However, China isolates SG from its one-belt-one-road initiatives because we don't spell out our one-China policy clearly and we help USA to contain China. The devious Taiwan president even tried to use SG as a pawn against China. Therefore, we should also use Taiwan as our leverage to get more economic benefits from China but Singapore just doesn't get it.
Friday, May 19, 2017
Bad news! China has isolated Singapore from its one-belt-one-road initiatives.
http://www.scmp.com/week-asia/geopolitics/article/2094781/what-belt-and-road-snub-means-singapores-ties-china
https://www.bloomberg.com/politics/articles/2017-05-18/singapore-out-in-the-cold-as-southeast-asia-chases-china-cash
China snubbed SG and SG didn't manage to sign any deal with China for the one-belt-one-road initiatives while our neighbour, Malaysia, signed some deals with China during the summit.
http://en.people.cn/n3/2017/0514/c90000-9215022.html
There's also a rumour that SG proposed to engage Japan as the HSR main contractor but Malaysia rejected the notion because it preferred to engage China as HSR main contractor.
Singapore risks being ostracised in ASEAN now because other ASEAN members will have a common topic for discussion (one-belt-one-road) while Singapore will be left in the lurch.
Furthermore, SG couldn't get the EU-SG FTA endorsed by EU. Sigh!
https://www.bloomberg.com/politics/articles/2017-05-18/singapore-out-in-the-cold-as-southeast-asia-chases-china-cash
China snubbed SG and SG didn't manage to sign any deal with China for the one-belt-one-road initiatives while our neighbour, Malaysia, signed some deals with China during the summit.
http://en.people.cn/n3/2017/0514/c90000-9215022.html
There's also a rumour that SG proposed to engage Japan as the HSR main contractor but Malaysia rejected the notion because it preferred to engage China as HSR main contractor.
Singapore risks being ostracised in ASEAN now because other ASEAN members will have a common topic for discussion (one-belt-one-road) while Singapore will be left in the lurch.
Furthermore, SG couldn't get the EU-SG FTA endorsed by EU. Sigh!
Fearmongering by USA for China's debts.
I really find this weird. It seems to me that it's alright for USA to have high debts but not for China.
https://sg.finance.yahoo.com/news/chanos-says-more-stresses-apparent-043117903.html
USA household debts have reached USD$12.73b and the USA national debt is at USD$19.84t but all these debts won't hurt USA banks at all. However, China's debts will hurt Chinese banks. USA national debt of USD$19.84t is larger than China's GDP of USD$11t and it is able to accumulate such high debt because of USD reserve status.
Once this USD confidence is undermined, USA will go bankrupt and people around the world will lose confidence in USA banks too because nobody wants USD anymore.
https://sg.finance.yahoo.com/news/chanos-says-more-stresses-apparent-043117903.html
USA household debts have reached USD$12.73b and the USA national debt is at USD$19.84t but all these debts won't hurt USA banks at all. However, China's debts will hurt Chinese banks. USA national debt of USD$19.84t is larger than China's GDP of USD$11t and it is able to accumulate such high debt because of USD reserve status.
Once this USD confidence is undermined, USA will go bankrupt and people around the world will lose confidence in USA banks too because nobody wants USD anymore.
Wow! TB is not contagious now! Great news!
http://statestimesreview.com/2017/05/17/39-pre-school-children-infected-with-tb-minister-tan-chuan-jin-may-be-responsible/
Our minister stated that TB was not contagious! Maybe he meant only SG TB was not contagious.
Wow! TB must have evolved into a new strain in SG that is no longer contagious. That's really a great news for Singaporeans.
Our minister stated that TB was not contagious! Maybe he meant only SG TB was not contagious.
Wow! TB must have evolved into a new strain in SG that is no longer contagious. That's really a great news for Singaporeans.
Thursday, May 18, 2017
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