The oil and gas industry is still not recovering and there will be more loan defaults soon. Many analysts are still too optimistic about this industry as none is calling for a SELL on Triyards.
Wednesday, September 6, 2017
Triyards may collapse soon!
http://www.businesstimes.com.sg/companies-markets/triyards-flags-potential-threat-to-going-concern
The oil and gas industry is still not recovering and there will be more loan defaults soon. Many analysts are still too optimistic about this industry as none is calling for a SELL on Triyards.
The oil and gas industry is still not recovering and there will be more loan defaults soon. Many analysts are still too optimistic about this industry as none is calling for a SELL on Triyards.
South Korea seeks Russia's help to resolve North Korea issue.
https://www.bloomberg.com/news/articles/2017-09-06/moon-seeks-putin-s-help-warns-of-uncontrollable-north-korea
President Moon still doesn't understand the whole situation. Russia cannot help because SK is no longer a sovereign state and cannot make any decision without involving the USA. Russia, like China, will demand SK to remove THAAD but SK cannot remove THAAD without the USA's approval. The real crux of the Korea peninsula problem lies between the USA and NK. SK and Japan will be the collateral damages when a war breaks out. As long as SK and Japan don't pressure the USA to remove THAAD from SK, it is difficult to resolve the current impasse.
President Moon still doesn't understand the whole situation. Russia cannot help because SK is no longer a sovereign state and cannot make any decision without involving the USA. Russia, like China, will demand SK to remove THAAD but SK cannot remove THAAD without the USA's approval. The real crux of the Korea peninsula problem lies between the USA and NK. SK and Japan will be the collateral damages when a war breaks out. As long as SK and Japan don't pressure the USA to remove THAAD from SK, it is difficult to resolve the current impasse.
North Korea H-Nuclear warhead.
This is the H-Nuclear bomb which will be put in a ballistic warhead. H-Nuclear bomb is the most powerful bomb so far on earth. The Hydrogen bomb which was recently tested by NK was 10x more powerful than the atomic bomb dropped in Japan.
H-Nuclear bomb is a high technological bomb because it has to go through a fission-fusion-fission process to achieve the maximum explosion. In a nutshell, a small atomic bomb (fission-split atoms) has to be ignited to achieve a high temperature of a few thousands degree for fusion (merge atoms) to take place before it eventually explodes again(split atoms) for maximum damage.
The diagram on the top left corner of the picture depicts the H-Nuclear bomb warhead.
China quantum communication can span more than 2,000km now.
http://en.people.cn/n3/2017/0905/c90000-9264879.html
After the advent of Quantum satellite, other quantum technologies are evolving as well. The quantum communication can achieve a distance of more than 2,000km now. This also means the quantum radar range will also be longer than before and stealth fighter will no longer be stealth anymore. All the billions sunk into the development of F35 would be flushed down the toilet bowl. What a waste!
After the advent of Quantum satellite, other quantum technologies are evolving as well. The quantum communication can achieve a distance of more than 2,000km now. This also means the quantum radar range will also be longer than before and stealth fighter will no longer be stealth anymore. All the billions sunk into the development of F35 would be flushed down the toilet bowl. What a waste!
Tuesday, September 5, 2017
Will USA attack North Korea unilaterally?
Well, this is a billion dollar question but we'll try to seek the answer with our best effort.
The USA will only attack North Korea if it is confident that it can destroy NK's nuclear sites and ballistic missiles in the first air strike. However, we do not foresee such confidence from the USA because the USA can only destroy about 85% of NK's capabilities leaving 15% for retaliation against South Korea and Japan. Our online research shows that the USA can only gather about 85% of intelligence about NK insofar. There are many unknown underground tunnels in NK that can accommodate mobile missile launchers. Therefore, the USA will not act unilaterally because Seoul and Tokyo will be annihilated from NK's retaliations.
The USA has been making public proclamation that it doesn't seek to dethrone Kim but Kim will not trust the USA due to the USA having a bad credibility record. I would say that the USA and NK are at an impasse now because both countries are suspicious of each other.
Furthermore, China and Russia won't allow a Korean peninsula war right at their doorsteps.
The USA will only attack North Korea if it is confident that it can destroy NK's nuclear sites and ballistic missiles in the first air strike. However, we do not foresee such confidence from the USA because the USA can only destroy about 85% of NK's capabilities leaving 15% for retaliation against South Korea and Japan. Our online research shows that the USA can only gather about 85% of intelligence about NK insofar. There are many unknown underground tunnels in NK that can accommodate mobile missile launchers. Therefore, the USA will not act unilaterally because Seoul and Tokyo will be annihilated from NK's retaliations.
The USA has been making public proclamation that it doesn't seek to dethrone Kim but Kim will not trust the USA due to the USA having a bad credibility record. I would say that the USA and NK are at an impasse now because both countries are suspicious of each other.
Furthermore, China and Russia won't allow a Korean peninsula war right at their doorsteps.
It's official now! Government tax credit is not considered a state subsidy under WTO.
Many countries will use the tax credit to boost its competitiveness now as WTO doesn't consider tax credit as a state subsidy.
WTO has set the precedent for all to follow. Good job!
Our envision for the future is going to be materialized.
https://sg.finance.yahoo.com/news/fear-robots-taking-jobs-spurs-040550775.html
More countries are considering an universal basic income in their societal structures for the foreseeable future because of displaced workers.
Our Envision:
http://sg-stock.blogspot.sg/2016/12/the-new-economy-and-radical-social.html
We did mention in our article that people would receive state assistance for subsistence in the new world and this universal basic income system is akin to the state assistance for subsistence.
This upcoming industrial revolution will destroy more jobs than it creates. Therefore, displaced workers will no longer be able to find jobs in this new world.
http://sg-stock.blogspot.sg/2017/05/artificial-intelligence-will-destroy.html
Are we prepared for this new societal development in Singapore?
More countries are considering an universal basic income in their societal structures for the foreseeable future because of displaced workers.
Our Envision:
http://sg-stock.blogspot.sg/2016/12/the-new-economy-and-radical-social.html
We did mention in our article that people would receive state assistance for subsistence in the new world and this universal basic income system is akin to the state assistance for subsistence.
This upcoming industrial revolution will destroy more jobs than it creates. Therefore, displaced workers will no longer be able to find jobs in this new world.
http://sg-stock.blogspot.sg/2017/05/artificial-intelligence-will-destroy.html
Are we prepared for this new societal development in Singapore?
India economic growth is declining tremendously.
http://www.livemint.com/Industry/yu33hGVkfNYCzfb7ENN3jO/Taking-stock-of-Indian-Economy-Consumption-key-to-GDP-growth.html
India GDP declined from 9% in 2016 to 5.7% in 2nd quarter of 2017. The fall is too fast and too furious which denotes a burgeoning economic problem in India. If this economic decline is not addressed, India will face a big social problem because its people will revolt.
Indians are known to protest violently. Just look at Singapore little India riot which was on a small scale.
No wonder India didn't dare to start a war with China and needed to attend BRICS summit because it needed BRICS badly for its economic growth.
India GDP declined from 9% in 2016 to 5.7% in 2nd quarter of 2017. The fall is too fast and too furious which denotes a burgeoning economic problem in India. If this economic decline is not addressed, India will face a big social problem because its people will revolt.
Indians are known to protest violently. Just look at Singapore little India riot which was on a small scale.
No wonder India didn't dare to start a war with China and needed to attend BRICS summit because it needed BRICS badly for its economic growth.
Monday, September 4, 2017
USA wants to use FTA to force South Korea to do its bidding.
https://sg.news.yahoo.com/trump-hints-withdrawal-u-south-korea-free-trade-033825279--business.html
The USA wants to use the FTA to force South Korea to install the other 4 sets of THAAD and also continue the military drills with USA against NK.
Sigh! SK is powerless against the USA.
The USA wants to use the FTA to force South Korea to install the other 4 sets of THAAD and also continue the military drills with USA against NK.
Sigh! SK is powerless against the USA.
Oil embargo against North Korea will force NK to go to war!
https://sg.news.yahoo.com/chinas-anger-west-overshadow-tougher-action-north-korea-110120616.html
Where is the UN human rights council?
An oil embargo for NK will make north koreans suffer tremendously but the UN human rights council is keeping mum. More sanctions will only make the north koreans suffer but not the government.
What's your take on this, UN human rights council?
Where is the UN human rights council?
An oil embargo for NK will make north koreans suffer tremendously but the UN human rights council is keeping mum. More sanctions will only make the north koreans suffer but not the government.
What's your take on this, UN human rights council?
EU and Turkey are falling apart.
https://sg.news.yahoo.com/merkel-wants-end-turkey-eu-membership-talks-194318250.html
If Germany succeeds in kicking out Turkey from EU, then Turkey may get kicked out of NATO too because Turkey will forge closer economic relationships with Russia. When Turkey has a cozier relationship with Russia, NATO will feel edgy.
If Germany succeeds in kicking out Turkey from EU, then Turkey may get kicked out of NATO too because Turkey will forge closer economic relationships with Russia. When Turkey has a cozier relationship with Russia, NATO will feel edgy.
Thai-Sino relationship is better than Singapore-Sino's.
http://www.scmp.com/week-asia/geopolitics/article/2109399/why-did-china-invite-thailand-brics-party-clue-its-sleeper-hit
Singapore always wants to extol the strong Singapore-Sino relationship but the real truth is Thailand got invited to the BRICS summit. Thailand is not part of BRICS but is the only ASEAN country to get invited to attend BRICS.
Being able to attend BRICS means there'll be an abundance of business and trade opportunities to harness with the 2 largest population countries. Therefore, attending the BRICS summit is better than attending the G20 summit as an observer.
Singapore! Wake up please!
Singapore always wants to extol the strong Singapore-Sino relationship but the real truth is Thailand got invited to the BRICS summit. Thailand is not part of BRICS but is the only ASEAN country to get invited to attend BRICS.
Being able to attend BRICS means there'll be an abundance of business and trade opportunities to harness with the 2 largest population countries. Therefore, attending the BRICS summit is better than attending the G20 summit as an observer.
Singapore! Wake up please!
China doing its part for a greener environment.
http://en.people.cn/n3/2017/0902/c90000-9263490.html
Hydrogen fuel cells bus! Hydrogen is a clean energy source and China is using wind power to produce hydrogen. This is truly a green eco-system and I hope that this development will be applied to the whole world.
Let's stop using diesel bus!
Hydrogen fuel cells bus! Hydrogen is a clean energy source and China is using wind power to produce hydrogen. This is truly a green eco-system and I hope that this development will be applied to the whole world.
Let's stop using diesel bus!
North Korea has conducted a nuclear test on Sunday!
https://sg.news.yahoo.com/north-korea-explosion-points-nuclear-test-043842707.html?hl=1&noRedirect=1
This nuclear test is a retaliation against the latest USA sanction. NK had previously stated clearly that it would retaliate and it did with a nuclear test.
A nuclear test is a breach of the red line drafted by the USA especially Trump. This nuclear test is to challenge Trump on his previous conviction to attack NK if a nuclear test was conducted.
If Trump doesn't keep to his word to attack NK for the nuclear test, then the USA will lose its credibility and it will be difficult to trust the USA on its future endeavours.
China and Russia had stated that the new sanctions would escalate the tension. Indeed, it really happened with a nuclear test.
http://sg-stock.blogspot.sg/2017/09/china-and-russia-have-stated-that-new.html
North Korea won't give up its nuclear program because it doesn't trust the USA due to USA bad records of reneging on its promises. NK has learnt a great deal from the historical events in the middle east. The USA would only attack countries who gave up on nuclear programs or without nuclear weapons.
Let's see how Trump will respond to this latest nuclear test.
This nuclear test is a retaliation against the latest USA sanction. NK had previously stated clearly that it would retaliate and it did with a nuclear test.
A nuclear test is a breach of the red line drafted by the USA especially Trump. This nuclear test is to challenge Trump on his previous conviction to attack NK if a nuclear test was conducted.
If Trump doesn't keep to his word to attack NK for the nuclear test, then the USA will lose its credibility and it will be difficult to trust the USA on its future endeavours.
China and Russia had stated that the new sanctions would escalate the tension. Indeed, it really happened with a nuclear test.
http://sg-stock.blogspot.sg/2017/09/china-and-russia-have-stated-that-new.html
North Korea won't give up its nuclear program because it doesn't trust the USA due to USA bad records of reneging on its promises. NK has learnt a great deal from the historical events in the middle east. The USA would only attack countries who gave up on nuclear programs or without nuclear weapons.
Let's see how Trump will respond to this latest nuclear test.
Saturday, September 2, 2017
Diplomatic fight between Russia & USA.
http://en.people.cn/n3/2017/0901/c90000-9263462.html
Russia will retaliate with its might against the forced closure of its consulate in San Francisco.
The USA is creating troubles everywhere.....Middle East, Russia, Korea, South China Sea, etc.
Russia will retaliate with its might against the forced closure of its consulate in San Francisco.
The USA is creating troubles everywhere.....Middle East, Russia, Korea, South China Sea, etc.
Baltic dry index - 1183
Today, Friday, September 01 2017, the Baltic Dry Index decreased by 1 point, reaching 1183 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.
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Related stocks: Sembcorp Marine, Cosco & Pan Ocean
US rig count - 943
HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 943.
A year ago, just 497 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 759 rigs sought oil and 183 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, New Mexico added three rigs. Alaska gained two and Pennsylvania one.
Texas and Wyoming each lost a rig.
Arkansas, California, Colorado, Louisiana, North Dakota, Ohio, Oklahoma, Utah and West Virginia were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, September 1, 2017
China and Russia have stated that new sanctions against North Korea will only escalate the tension.
http://www.cetusnews.com/news/Russia-warns-new-US-sanctions-against-North-Korea-may-prove-DANGEROUS-amid-WW3-fears.Syg1ITI8KZ.html
http://en.people.cn/n3/2017/0831/c90000-9262971.html
A Korean peninsula war will break out if the tension continues to rise and more sanctions will not help to solve the problems.
Asia will suffer tremendously if we allow this war to break out and the USA will suffer the least as it is so far away. The direct victims will be South Korea and Japan and indirect victims will be China & Russia.
I hope Singapore won't support the USA in this case.
http://en.people.cn/n3/2017/0831/c90000-9262971.html
A Korean peninsula war will break out if the tension continues to rise and more sanctions will not help to solve the problems.
Asia will suffer tremendously if we allow this war to break out and the USA will suffer the least as it is so far away. The direct victims will be South Korea and Japan and indirect victims will be China & Russia.
I hope Singapore won't support the USA in this case.
OMG! 1,000km/hr is not fast enough for China. China wants to develop a supersonic transportation.
http://en.people.cn/n3/2017/0831/c90000-9262936.html
What is considered fast enough for China transportation need? 1,000km/hr? Nope, a hyperloop train is not fast enough. China wants to travel at 4,000km/hr!
I'm really green with envy looking at China's developments. Singapore will become a low-technology country when compared to China in the future because we only have HSR that is travelling at around 300km/hr.
What is considered fast enough for China transportation need? 1,000km/hr? Nope, a hyperloop train is not fast enough. China wants to travel at 4,000km/hr!
I'm really green with envy looking at China's developments. Singapore will become a low-technology country when compared to China in the future because we only have HSR that is travelling at around 300km/hr.
Europe will start its QE tapering in October and shut down QE by 2018.
https://sg.finance.yahoo.com/news/reuters-poll-ecb-announce-qe-054929478.html
No more cheap money soon!
Let's see when the USA will start its own QE tapering.
No more cheap money soon!
Let's see when the USA will start its own QE tapering.
Japan is trying to start the korean peninsula war. Why?
https://www.reuters.com/article/us-northkorea-missiles-un-japan/japan-pushes-u-s-to-propose-new-u-n-sanctions-on-north-korea-idUSKCN1BA24A
Japan should realize that NK would attack its neighbours for the oil embargo because Japan also attacked other countries during WW2 for oil. NK will definitely attack SK and Japan for the oil embargo because of survival. The oil embargo will leave NK with no choice but to start the war first.
UN has to consider this carefully and I hope that Russia and China will veto Japan's proposition for the sake of peace.
Japan should realize that NK would attack its neighbours for the oil embargo because Japan also attacked other countries during WW2 for oil. NK will definitely attack SK and Japan for the oil embargo because of survival. The oil embargo will leave NK with no choice but to start the war first.
UN has to consider this carefully and I hope that Russia and China will veto Japan's proposition for the sake of peace.
Top honchos are leaving Noble Group.
https://finance.yahoo.com/news/noble-groups-treasury-head-quits-155409472.html
When top honchos are leaving Noble Group, this kind of departure means that Noble is becoming unsustainable and they don't want to be part of the company's failure in the future. These top honchos just wanna protect their own reputations.
When top honchos are leaving Noble Group, this kind of departure means that Noble is becoming unsustainable and they don't want to be part of the company's failure in the future. These top honchos just wanna protect their own reputations.
Thursday, August 31, 2017
India fines Li Ka-Shing USD$5b!
http://in.reuters.com/article/ck-hutchison-tax-breakingviews-idINL4N1LG19Z?feedType=RSS&feedName=domesticNews
India is not only a liar but also a money grabber. It is trying to tax CK Hutchison USD$5b.
India doesn't have enough coffer for its own economic developments and military spending, so it is laying its hands on foreign businesses.
India is not only a liar but also a money grabber. It is trying to tax CK Hutchison USD$5b.
India doesn't have enough coffer for its own economic developments and military spending, so it is laying its hands on foreign businesses.
China is developing a hyperloop train at 1000km/hr!
http://en.people.cn/business/n3/2017/0830/c90778-9262269.html
OMG! This is really fast! It is faster than a commercial airliner.
OMG! This is really fast! It is faster than a commercial airliner.
India is trying to save its face by producing fake news about its withdrawal from the border standoff.
http://en.people.cn/n3/2017/0830/c90000-9262370.html
What a lowball move! Sigh!
The Indians are really nothing but liars!
What a lowball move! Sigh!
The Indians are really nothing but liars!
Wednesday, August 30, 2017
PM Lee didn't offer to help China but offer to help USA.
http://www.asiaone.com/singapore/trump-accepts-pm-lees-offer-helicopters-relief-efforts-storm-torn-texas
No wonder SG is part of China's anti-dumping probe.
No wonder China no longer trusts SG.
No wonder SG is part of China's anti-dumping probe.
No wonder China no longer trusts SG.
OMG! Singapore is part of China's anti-dumping probe!
https://sg.finance.yahoo.com/news/china-launches-anti-dumping-probe-012226436.html
See! We already stated on numerous occasions that China didn't regard SG as a friendly country but our government always said that China-SG relationship was strong and good. Does this anti-dumping probe show the good relationship between SG & China?
Malaysia is a rubber plantation country and exports a lot of rubber but there is no anti-dumping probe from China because it is having a good China-MY relationship.
See! We already stated on numerous occasions that China didn't regard SG as a friendly country but our government always said that China-SG relationship was strong and good. Does this anti-dumping probe show the good relationship between SG & China?
Malaysia is a rubber plantation country and exports a lot of rubber but there is no anti-dumping probe from China because it is having a good China-MY relationship.
The China-India border dispute had shown to China its foes.
The China-India border had settled amicably but it also had shown to China which countries were anti-China. It's a fact that India's incursion was illegal but some countries still supported the perpetrator overtly and disregarded the international law.
Japan and Australia supported India overtly by expressing remarks supporting India's stance and Israel sold weapons to India during the standoff. China had taken cognizant of their anti-China stances and would be wary of them in the future. Fortunately, Singapore was keeping its silence about this.
Japan and Australia supported India overtly by expressing remarks supporting India's stance and Israel sold weapons to India during the standoff. China had taken cognizant of their anti-China stances and would be wary of them in the future. Fortunately, Singapore was keeping its silence about this.
North Korea fired a missile across Japan. Is it illegal? No!
https://www.theguardian.com/world/2017/aug/29/missile-passing-japan-wakes-to-ominous-warning-about-north-korean-launch
Is North Korea missile firing breaching any international law? No! Why?
I'm not trying to speak up for North Korea but just trying to state a fact that the media is omitting.
According to international law, any airspace 100km above the land is considered international airspace. As the NK missile was flying at an estimated 500km above Japan, it was considered to be in international airspace and its action was not illegal. The missile landed in the international sea and also was not breaching any international law. Therefore, NK was not doing anything illegal at all. However, no media reported this based on international law but from the political perspective.
For the same reason, micro satellites are orbiting few hundreds of kilometres above the land around the globe legally without breaching any sovereignty territory or international law. No country can protest that a foreign satellite is orbiting above its sky.
We just want to present a true fact from the legal perspective and educate our readers that politics rule this world instead of law.
Is North Korea missile firing breaching any international law? No! Why?
I'm not trying to speak up for North Korea but just trying to state a fact that the media is omitting.
According to international law, any airspace 100km above the land is considered international airspace. As the NK missile was flying at an estimated 500km above Japan, it was considered to be in international airspace and its action was not illegal. The missile landed in the international sea and also was not breaching any international law. Therefore, NK was not doing anything illegal at all. However, no media reported this based on international law but from the political perspective.
For the same reason, micro satellites are orbiting few hundreds of kilometres above the land around the globe legally without breaching any sovereignty territory or international law. No country can protest that a foreign satellite is orbiting above its sky.
We just want to present a true fact from the legal perspective and educate our readers that politics rule this world instead of law.
Russian tanker doesn't need to pass through Singapore port anymore!
http://money.cnn.com/2017/08/25/news/arctic-ice-tanker-ship/index.html
Russian tanker can use Arctic to deliver its oil and gas now without using the Suez Canal. When the ship doesn't pass through Suez Canal, it also doesn't need to pass through Strait of Malacca and Singapore. Singapore will have lesser incomes from shipping now as more ships will use the new Arctic route.
Russian tanker can use Arctic to deliver its oil and gas now without using the Suez Canal. When the ship doesn't pass through Suez Canal, it also doesn't need to pass through Strait of Malacca and Singapore. Singapore will have lesser incomes from shipping now as more ships will use the new Arctic route.
Tuesday, August 29, 2017
Rickmers Maritime to delist tomorrow.
http://www.businesstimes.com.sg/companies-markets/winding-up-of-rickmers-maritime-completed-notes-to-delist-on-aug-30
Goodbye Rickmers Maritime!
This won't be the first and the last but is the beginning of the collapse.
Goodbye Rickmers Maritime!
This won't be the first and the last but is the beginning of the collapse.
USA is trying to put the blame of its destroyer's collision on China.
http://en.people.cn/n3/2017/0829/c90000-9261565.html
What is USA thinking? Putting the blame of its collision on China's hacking?
If USA destroyer is so easy to hack, then it shouldn't be out at sea anymore because it poses a clear and present danger to other merchant ships.
This also means that the destroyer is not combat-operational as it is easily hackable.
The USA is trying to fabricate false intelligence again!
What is USA thinking? Putting the blame of its collision on China's hacking?
If USA destroyer is so easy to hack, then it shouldn't be out at sea anymore because it poses a clear and present danger to other merchant ships.
This also means that the destroyer is not combat-operational as it is easily hackable.
The USA is trying to fabricate false intelligence again!
Monday, August 28, 2017
South Korea wants to get involved in KL-SG HSR.
https://sg.finance.yahoo.com/news/kl-singapore-hsr-project-korea-061550698.html
I believe Malaysia will not want to offend China by awarding the HSR to the South Korea consortium. China is really pissed off with SK for THAAD installation because THAAD is useless against NK's mobile rocket launchers.
I believe Malaysia will not want to offend China by awarding the HSR to the South Korea consortium. China is really pissed off with SK for THAAD installation because THAAD is useless against NK's mobile rocket launchers.
Political battles are playing out in China - Part 2
https://sg.news.yahoo.com/wanda-shares-tumble-rumours-chairman-detained-063825573--finance.html
If the rumour is true, those who try to help Wanda's chairman will be closely monitored by the government. R&F will be a high profile target by the government.
https://sg-stock.blogspot.sg/2017/07/political-battles-are-playing-out-in.html
If the rumour is true, those who try to help Wanda's chairman will be closely monitored by the government. R&F will be a high profile target by the government.
https://sg-stock.blogspot.sg/2017/07/political-battles-are-playing-out-in.html
India chickens out after 2-month stand off.
https://sg.news.yahoo.com/india-says-troops-disengaging-stand-off-china-083126572.html
After seeing China's troops build up and large scale military exercises near the border, India has cowered in and agreed to withdraw. Afterall, India has no legitimate reason for the incursion and cannot garner international support for its action.
After seeing China's troops build up and large scale military exercises near the border, India has cowered in and agreed to withdraw. Afterall, India has no legitimate reason for the incursion and cannot garner international support for its action.
Outrage of Modesty (OM) has increased in Singapore.
http://www.businesstimes.com.sg/government-economy/overall-crime-cases-in-singapore-fall-in-h1-but-e-commerce-scams-remain-a-concern
Singapore is no longer as safe as before for women. Women have to be more careful when they go out in Singapore.
Singapore is no longer as safe as before for women. Women have to be more careful when they go out in Singapore.
Singapore vs China in future economic developments.
What's our future in Singapore? What's our grandeur plans?
The 2017 national rally speech primarily focused on pre-schooling, diabetics and technology embracement in the future which are mostly sociological in nature. Will tackling these 3 sociological hurdles help Singapore to leap forward? Are we at our wits' end now?
Let's look at what China focuses on.
China is focusing on Space, AI and Robotics developments while Singapore is only importing these technologies at its best because our government is focusing on technology embracement. In other words, we only focus on the usages. China has its own self-developed driverless transportation systems now while we're only importing the driverless system.
Financially, China has already developed its own financial technological systems like Alipay, QR code payment, Wechat financial system, etc. Conversely, Singapore is just importing the QR code payment from China because of technology embracement.
It will become more demoralizing if I continue with the list and our prognosis will become bleaker.
Therefore, I will stop here to let you ponder over our future.
Sunday, August 27, 2017
Vietnam has been eyeing Taiwan's Taiping island for a long time.
http://www.taipeitimes.com/News/taiwan/print/2017/08/26/2003677199
It has been internationally recognised that Taiping island belongs to Taiwan and Vietnam has been trying to rob Taiping island from Taiwan. Therefore, Taiwan has the right to conduct any military exercise on Taiping island.
Vietnam is shamelessly protesting this by trying to distort the historical claim that Taiping island is under Vietnam's territory. Vietnam is an overly ambitious country and Singapore doesn't trust Vietnam at all. This distrust is evident from our late PM Lee's action against Vietnam.
It has been internationally recognised that Taiping island belongs to Taiwan and Vietnam has been trying to rob Taiping island from Taiwan. Therefore, Taiwan has the right to conduct any military exercise on Taiping island.
Vietnam is shamelessly protesting this by trying to distort the historical claim that Taiping island is under Vietnam's territory. Vietnam is an overly ambitious country and Singapore doesn't trust Vietnam at all. This distrust is evident from our late PM Lee's action against Vietnam.
USD dollar has just hit the lowest for the year 2017.
This is a one year chart and we can see that USD has just hit the lowest for 2017.
Is USA depreciating its USD deliberately to boost its exports for its own economic growth and also increase its own inflation rate so that it can hike interest rates?
Baltic dry index - 1209
Today, Friday, August 25 2017, the Baltic Dry Index climbed by 9 points, reaching 1209 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.
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 - 940
HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. decreased by six this week to 940.
A year ago, just 489 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 759 rigs sought oil and 180 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, Louisiana, North Dakota and Ohio each added one rig.
Pennsylvania and Texas each lost three rigs. Alaska, Oklahoma and Utah were down by one apiece.
Arkansas, California, Colorado, New Mexico, West Virginia and Wyoming were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Saturday, August 26, 2017
An introduction of Malacca Gateway.
This development is truly amazing! Once this is completed, it will definitely replace Singapore as a shipping hub with China's port alliance. This is not a question of IF but WHEN.
When there is a typhoon, just stay indoor and do not fight the nature.
Friday, August 25, 2017
Russia is showing to the USA that it will get involved in the Korean peninsula war.
https://sg.news.yahoo.com/russia-sends-nuclear-capable-bombers-mission-near-south-072849269.html
Russia is telling the world with a show of force that it will get involved in the Korean peninsula war. This is also sending a clear signal to the USA not to attack North Korea unilaterally.
Great job, Putin!
Russia is telling the world with a show of force that it will get involved in the Korean peninsula war. This is also sending a clear signal to the USA not to attack North Korea unilaterally.
Great job, Putin!
Hahaha! Japanese historian proved that Diaoyu belonged to China.
http://en.people.cn/n3/2017/0824/c90000-9259862.html
This is really funny. More and more Japanese are fed up with its own government.
First, NHK published a documentary to prove that Unit 731 existed and committed atrocities that the Japanese government denied.
Next, Japanese historian provided an ancient Japanese map which showed that Diaoyu belonged to China. This proved that the USA and Japan robbed Diaoyu from China after WW2.
The historical facts are present everywhere in the world and it's getting harder for Japanese to change its unglamorous history.
This is really funny. More and more Japanese are fed up with its own government.
First, NHK published a documentary to prove that Unit 731 existed and committed atrocities that the Japanese government denied.
Next, Japanese historian provided an ancient Japanese map which showed that Diaoyu belonged to China. This proved that the USA and Japan robbed Diaoyu from China after WW2.
The historical facts are present everywhere in the world and it's getting harder for Japanese to change its unglamorous history.
Thursday, August 24, 2017
Vietnam calls for unity in Southeast Asia. What a joke!
https://www.reuters.com/article/us-southchinasea-vietnam-idUSKCN1B4099
This is really making a mockery out of Southeast Asia. If you look at the timeline, Vietnam was the first to start building infrastructures on disputed islands in South China Sea. Vietnam also robbed an island from Taiwan during bad weather in South China Sea in the past.
How to trust Vietnam when it is a troublemaker by itself? Our late PM Lee didn't trust Vietnam in the past and we must not trust Vietnam too. Our late PM Lee was the first PM in the world to write to the Thai King to warn about the bellicose Vietnam and also encouraged the USA to attack Vietnam which sparked off the Vietnam war.
This is really making a mockery out of Southeast Asia. If you look at the timeline, Vietnam was the first to start building infrastructures on disputed islands in South China Sea. Vietnam also robbed an island from Taiwan during bad weather in South China Sea in the past.
How to trust Vietnam when it is a troublemaker by itself? Our late PM Lee didn't trust Vietnam in the past and we must not trust Vietnam too. Our late PM Lee was the first PM in the world to write to the Thai King to warn about the bellicose Vietnam and also encouraged the USA to attack Vietnam which sparked off the Vietnam war.
Trade war between USA and China will start soon!
https://sg.finance.yahoo.com/news/china-says-necessary-means-defend-024752877.html
Trump is violating WTO rules by unilaterally invoking its US section 301 trade act. International trading rules must be preserved and respected. Trump should file a complaint to WTO and fight it out with China in WTO court of arbitration instead of using its own archaic law.
By taking such unilateral action, China will also follow suit and won't follow WTO rules by invoking its own trading act. When 2 titans fight, the world trading will suffer because these 2 countries will impose unreasonably high taxes against each other. This ensuing outcome will create economic problems for the whole world.
Last but not least, China has the population size and money to fight an economic war with the USA but the USA doesn't have the deep pocket like China. Many USA firms operating in China will suffer too in such an economic war.
Trump is violating WTO rules by unilaterally invoking its US section 301 trade act. International trading rules must be preserved and respected. Trump should file a complaint to WTO and fight it out with China in WTO court of arbitration instead of using its own archaic law.
By taking such unilateral action, China will also follow suit and won't follow WTO rules by invoking its own trading act. When 2 titans fight, the world trading will suffer because these 2 countries will impose unreasonably high taxes against each other. This ensuing outcome will create economic problems for the whole world.
Last but not least, China has the population size and money to fight an economic war with the USA but the USA doesn't have the deep pocket like China. Many USA firms operating in China will suffer too in such an economic war.
See the power of typhoon Hato in Hong Kong 23 August 2017
Typhoons will get more severe and frequent in the future due to global warming.
Wednesday, August 23, 2017
Lee Hsien Loong gets court approval to jail his nephew Li Sheng Wu.
http://www.todayonline.com/singapore/agc-gets-green-light-contempt-court-proceedings-against-mr-li-shengwu
Why is PM Lee so adamant in bludgeoning his own nephew?
This was because PM Lee's younger brother, LHY, destroyed PM Lee's son political career as the PM's son was forced to issue a statement that he was not interested in any political career. Therefore, PM Lee must ensure that LHY's son also cannot enter politics in the future.
LHL and LHY will NEVER get along because the rift is too deep since this saga has supervened upon the younger generation.
Why is PM Lee so adamant in bludgeoning his own nephew?
This was because PM Lee's younger brother, LHY, destroyed PM Lee's son political career as the PM's son was forced to issue a statement that he was not interested in any political career. Therefore, PM Lee must ensure that LHY's son also cannot enter politics in the future.
LHL and LHY will NEVER get along because the rift is too deep since this saga has supervened upon the younger generation.
Tan Cheng Block's appeal was dismissed by the high court.
http://www.channelnewsasia.com/news/singapore/tan-cheng-bock-s-appeal-over-upcoming-presidential-election-9149466
This is not surprising at all. I would be surprised if the court ruled in Tan's favour.
Notwithstanding the court's dismission, our readers know the real first elected president in Singapore.
http://sg-stock.blogspot.sg/2017/08/our-poll-showed-that-our-readers-knew.html
This is the danger of a one-party system. The one-party system can change historical facts and events.
This is not surprising at all. I would be surprised if the court ruled in Tan's favour.
Notwithstanding the court's dismission, our readers know the real first elected president in Singapore.
http://sg-stock.blogspot.sg/2017/08/our-poll-showed-that-our-readers-knew.html
This is the danger of a one-party system. The one-party system can change historical facts and events.
China-India border scuffle at Ladakh
From the leaked out video, the Chinese soldiers were winning the fight and the Indian soldiers were retreating with their flag. However, the Indian news media reported that they won the fight and forced the Chinese soldiers back into the China territory.
https://www.cnbc.com/2017/08/15/india-china-soldiers-involved-in-border-altercation-indian-sources.html
The Indians couldn't even win in an unarmed close combat fight and they wanted to go to war with China.
Tuesday, August 22, 2017
Singapore over promises and under delivers for the BRI involvement.
https://sg.finance.yahoo.com/news/china-construction-bank-raising-15-060435088.html
We did state previously in our posting that it was impossible for SG to compete with China & HK for the BRI financing. Please see our posting below.
http://sg-stock.blogspot.sg/2017/06/what-joke-singapore-to-help-bankroll.html
SG wants to help to finance for the BRI but it just doesn't have the capability to do that because China & HK are more financially savvier than SG. SG doesn't realize that China has overtaken SG in terms of technology and financial capabilities and still think that it can advise China on developments.
Last but not least, we monitor China developments and our readers can get some updates on China developments on our blog especially those who are intransigent about China.
We did state previously in our posting that it was impossible for SG to compete with China & HK for the BRI financing. Please see our posting below.
http://sg-stock.blogspot.sg/2017/06/what-joke-singapore-to-help-bankroll.html
SG wants to help to finance for the BRI but it just doesn't have the capability to do that because China & HK are more financially savvier than SG. SG doesn't realize that China has overtaken SG in terms of technology and financial capabilities and still think that it can advise China on developments.
Last but not least, we monitor China developments and our readers can get some updates on China developments on our blog especially those who are intransigent about China.
Climate change is causing a lot of weird clouds nowadays.
India says China stand off will end soon.
http://www.channelnewsasia.com/news/asiapacific/india-says-china-stand-off-will-end--soon--9143768
India is saying a rhetoric statement because everyone knows winter snow is coming in September. Both sides will retreat due to the snow, not because an agreement has been reached by both parties.
We stated this in our previous posting.
http://sg-stock.blogspot.sg/2017/08/china-has-presented-factsheet-about.html
India is saying a rhetoric statement because everyone knows winter snow is coming in September. Both sides will retreat due to the snow, not because an agreement has been reached by both parties.
We stated this in our previous posting.
http://sg-stock.blogspot.sg/2017/08/china-has-presented-factsheet-about.html
Monday, August 21, 2017
A glimpse into the near future of automation.
Medical revolution is coming! Doctors watch out!
http://en.people.cn/n3/2017/0820/c90000-9257744.html
Medical doctors will be in lesser demand in the future because of medical AI which can perform better than human doctors. This is a necessary revolution in preparation for space exploration as space travellers require medical AI and robotic operation.
Medical doctors will be in lesser demand in the future because of medical AI which can perform better than human doctors. This is a necessary revolution in preparation for space exploration as space travellers require medical AI and robotic operation.
Here we go again! Another USA naval destroyer collision!
https://sg.news.yahoo.com/us-destroyer-collision-off-singapore-rescue-efforts-launched-011202596.html
USA destroyer collided with a container ship in June 2017. This time, another USA destroyer collided with a tanker ship.
Look like USA naval prowess is going downhill. If USA destroyer cannot avoid big ships, how can it fight in a war? USA navy is not combat-operational nowadays.
http://sg-stock.blogspot.sg/2017/07/us-navy-was-at-fault-for-container.html
USA destroyer collided with a container ship in June 2017. This time, another USA destroyer collided with a tanker ship.
Look like USA naval prowess is going downhill. If USA destroyer cannot avoid big ships, how can it fight in a war? USA navy is not combat-operational nowadays.
http://sg-stock.blogspot.sg/2017/07/us-navy-was-at-fault-for-container.html
Sunday, August 20, 2017
AWARE is trying to destroy our military forces.
http://www.channelnewsasia.com/news/cnainsider/stop-being-a-girl-and-man-up-boys-face-gender-police-even-as-men-9139700
Without harsh words and hurtful psychological stresses, our military forces will be very weak and we can never fight a war with such weak mentality.
If you look at the military trainings in other western countries like USA and Russia, their military trainings involve verbal and physical abuses to turn their men into tough operational forces.
Men in Singapore have a responsibility to protect Singapore compared to other men in other countries but AWARE doesn't understand this. National interest is above all other things in Singapore because without a strong and tough military force, there won't be Singapore.
I'm very disappointed in AWARE for having such a myopic viewpoint.
Without harsh words and hurtful psychological stresses, our military forces will be very weak and we can never fight a war with such weak mentality.
If you look at the military trainings in other western countries like USA and Russia, their military trainings involve verbal and physical abuses to turn their men into tough operational forces.
Men in Singapore have a responsibility to protect Singapore compared to other men in other countries but AWARE doesn't understand this. National interest is above all other things in Singapore because without a strong and tough military force, there won't be Singapore.
I'm very disappointed in AWARE for having such a myopic viewpoint.
Who helped North Korea to develop its missiles program?
https://www.nytimes.com/2017/08/14/world/asia/north-korea-missiles-ukraine-factory.html?mcubz=3
https://en.hromadske.ua/posts/nmissile-engines-north-korea-ukraine
The articles pointed out that Ukraine was the main culprit because it was selling the rocket engines in the black market and Iran provided the guidances.
Therefore, China and Russia are not the parties involved.
https://en.hromadske.ua/posts/nmissile-engines-north-korea-ukraine
The articles pointed out that Ukraine was the main culprit because it was selling the rocket engines in the black market and Iran provided the guidances.
Therefore, China and Russia are not the parties involved.
Saturday, August 19, 2017
Baltic dry index - 1260
Today, Friday, August 18 2017, the Baltic Dry Index climbed by 13 points, reaching 1260 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 - 946
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 946.
A year ago, just 491 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 763 rigs sought oil and 182 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, California gained two rigs and New Mexico increased by one.
North Dakota declined by two rigs while Alaska, Louisiana, Oklahoma and Utah were down by one apiece.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
===================================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, August 18, 2017
Li Sheng Wu, son of LHY, fled Singapore.
https://www.reuters.com/article/us-singapore-politics-nephew-exclusive-idUSKCN1AX2W0
This shows that he has no confidence in our judiciary system because he believes it will be manipulated by his uncle, PM Lee.
If a man of his stature doesn't believe in Singapore, we have to ponder about our future in Singapore too.
This shows that he has no confidence in our judiciary system because he believes it will be manipulated by his uncle, PM Lee.
If a man of his stature doesn't believe in Singapore, we have to ponder about our future in Singapore too.
South Korea wants to honour comfort women.
https://www.theguardian.com/cities/2017/aug/16/buses-seoul-comfort-women-statues-korea-japan
South Korea trashes Japan's hope to cover up its war crimes by honouring comfort women in the buses.
Our PM Lee was definitely offending South Korea and China by asking Japan to stop apologizing for its war crimes. Singapore was also a victim back then but we must support Japan because of our close fraternity with the USA. Sigh!
South Korea trashes Japan's hope to cover up its war crimes by honouring comfort women in the buses.
Our PM Lee was definitely offending South Korea and China by asking Japan to stop apologizing for its war crimes. Singapore was also a victim back then but we must support Japan because of our close fraternity with the USA. Sigh!
This Chinese invented robot takes the world by storm.
Japan government cannot hide its war crimes anymore!
NHK, a Japanese media, had published a documentary about Unit 731 which the Japanese government had denied. The truth shocked the Japanese citizens!
http://en.people.cn/n3/2017/0817/c90000-9256796.html
Even with this documentary, the Japanese government still refuses to acknowledge its war crimes.
Furthermore, our PM Lee also supported Japan's stance by asking Japan not to apologize anymore.
Even with this documentary, the Japanese government still refuses to acknowledge its war crimes.
Furthermore, our PM Lee also supported Japan's stance by asking Japan not to apologize anymore.
Thursday, August 17, 2017
Singapore non-oil domestic exports (NODX) - Part 5
Singapore NODX increased 8.5% in June YOY.
https://www.gov.sg/news/content/channel-newsasia---singapore-exports-up-8-5-in-july-in-third-straight-month-of-growth
Year on year changes:
https://www.gov.sg/news/content/channel-newsasia---singapore-exports-up-8-5-in-july-in-third-straight-month-of-growth
Year on year changes:
July 2017: 8.5%
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Dec 2016: 9.1%
Nov 2016: 15.6%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Dec 2016: 9.1%
Nov 2016: 15.6%
Wednesday, August 16, 2017
Shared bikes business model is a flawed business concept.
This type of business model doesn't make sense at all in a real world.
http://fortune.com/2017/03/21/chinese-bike-sharing/
World War 4 has started between China & India.
http://www.scmp.com/news/asia/diplomacy/article/2106954/chinese-and-indian-soldiers-said-involved-melee-indian-sources
It was said that WW4 would be fought with rocks because WW3 had destroyed everything.
Look like this is true after all because China and India are fighting with rocks now. Heehee!
It was said that WW4 would be fought with rocks because WW3 had destroyed everything.
Look like this is true after all because China and India are fighting with rocks now. Heehee!
Singapore banks are facing strong headwinds in Oil & Gas sector.
http://www.businesstimes.com.sg/companies-markets/singapore-bank-stocks-battered-by-more-om-bad-news?xtor=EREC-16-1[BT_Newsletter_1]-20170816-[Singapore+bank+stocks+battered+by+more+O%26M+bad+news]&xts=538380
We did state in our previous postings that banks were not forthcoming in their oil & gas loan exposures.
http://sg-stock.blogspot.sg/2017/08/watch-out-for-dbss-2nd-half-earnings.html
They should be more transparent about their loan exposures but they didn't. This showed that shareholders' accountability is not at the top of their minds and the management just wanted to be hush about the banks' poor performances.
We did state in our previous postings that banks were not forthcoming in their oil & gas loan exposures.
http://sg-stock.blogspot.sg/2017/08/watch-out-for-dbss-2nd-half-earnings.html
They should be more transparent about their loan exposures but they didn't. This showed that shareholders' accountability is not at the top of their minds and the management just wanted to be hush about the banks' poor performances.
Our poll showed that our readers knew that Wee Kim Wee was not our first elected president.
Grey aliens are actually our descendents!
Tuesday, August 15, 2017
Noble group credit rating got downgraded again by S&P and Moody's!
https://www.bloomberg.com/news/articles/2017-08-14/noble-group-facing-higher-risk-of-default-s-p-and-moody-s-say?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
North Korea had declared that it would fire 4 missiles in mid august 2017.
http://edition.cnn.com/2017/08/09/politics/north-korea-considering-near-guam-strike/index.html
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
Monday, August 14, 2017
Saturday, August 12, 2017
Watch how China foreign minister lectured Japan foreign minister!
OMG! China women swat members are as good as our commandos.
Reuters produced fake news!
http://en.people.cn/n3/2017/0811/c90883-9253911.html
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
The USA is playing the FON theme again!
http://en.people.cn/n3/2017/0811/c90883-9254167.html
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
China military leads in International Army Games 2017.
Going to a war with China is asking for annihilation.
Baltic dry index - 1138
Today, Friday, August 11 2017, the Baltic Dry Index climbed by 46 points, reaching 1138 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 - 949
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by five this week to 949.
A year ago, just 481 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 768 rigs sought oil and 181 explored for natural gas this week.
Among major oil- and gas-producing states, California and New Mexico each increased by one rig.
Texas lost seven rigs and Louisiana decreased by one.
Alaska, Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, August 11, 2017
Malaysia warns Singapore about its ringgit futures trading.
http://www.channelnewsasia.com/news/singapore/malaysia-s-central-bank-criticises-sgx-s-trading-of-ringgit-9112900
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
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