http://www.channelnewsasia.com/news/singapore/dbs-ocbc-financed-indonesian-palm-oil-firms-engaged-in-8906772
What happened to corporate social responsibility advocated by our local banks?
http://www.straitstimes.com/business/dbs-sets-up-50-million-foundation-for-corporate-social-responsibility-efforts
http://www.todayonline.com/singapore/ocbc-injects-s600000-csr-scheme-initiatives
Look like being conscious of our environment is never part of our banks' CSR. Making money is a higher priority over protecting the environment!
Friday, June 2, 2017
Resorts World Manila was attacked! This casino is a subsidiary of Genting.
https://sg.news.yahoo.com/gunman-kills-himself-suspected-robbery-philippines-casino-police-005155910.html
Resorts World Manila, a subsidiary of Genting, was under attacked and at least 36 people were dead.
Resorts World Manila, a subsidiary of Genting, was under attacked and at least 36 people were dead.
OMG! There is a huge shortage of Renminbi now! - Part 2
What are the implications for a rising Renminbi?
By right, the Moody's downgrade of China's credit rating would cause Renminbi to depreciate because more investors would stay away from China resulting in lesser capital inflows and more outflows. However, the opposite happened because of intervention by the China government. The rising Renminbi will affect a few things in the world because China is the 2nd largest economy.
The China property market will start to damper because it becomes more expensive for foreign investors to invest in properties due to unfavourable exchange rates. The burgeoning debt situation will also be reduced spontaneously because of a stronger Renminbi, especially for the foreign currency denominated debts. Foreign companies in China and those trading with China will also start to stock up on Renminbi because of this shortage.
All in all, the rising Renminbi will cause the China government to increase interest rates to reduce the demand and keep the yuan in China. Therefore, fixed income fund manager will be monitoring the spreads between Hibor & Shibor for any arbitrage opportunities.
Thursday, June 1, 2017
China will be building an undersea monitoring system in South China Sea.
http://edition.cnn.com/2017/05/29/asia/south-china-sea-underwater-observation-system/
This is akin to USA "SOSUS".
https://en.wikipedia.org/wiki/SOSUS
China will be able to know the undersea activities soon with this system. It will be harder for USA submarines and undersea drones to be undetected.
This is akin to USA "SOSUS".
https://en.wikipedia.org/wiki/SOSUS
China will be able to know the undersea activities soon with this system. It will be harder for USA submarines and undersea drones to be undetected.
Fake beer production in China!
http://en.people.cn/n3/2017/0531/c90000-9222451.html
This time is Budweiser brand.
Don't ever think that buying an international brand in China is a safe shopping decision unless the production is not in China.
This time is Budweiser brand.
Don't ever think that buying an international brand in China is a safe shopping decision unless the production is not in China.
OMG! There is a huge shortage of Renminbi now!
Just take a look at the charts for the past few days.
The overnight CNH Hibor has surged from 5.35% to 42.8% now which shows that there is a huge shortage of Chinese yuan now. This means that the China government has succeeded in stamping the capital outflow and attracted foreign investors to stock up on yuan.
The HK-China bond trading link has also helped to boost the Chinese yuan demand.
The HK-China bond trading link has also helped to boost the Chinese yuan demand.
Wednesday, May 31, 2017
Artificial intelligence will destroy more jobs than it creates.
Many displaced workers won't be able to fit in this new industrial revolution and can no longer find jobs but our government is not forthcoming about this. Training and re-training will no longer help those displaced workers to find jobs as humans cannot work 24/7 and are not as effective as AI machines.
http://www.marketwatch.com/story/this-is-how-many-us-jobs-robots-and-automation-will-create-over-the-next-10-years-2017-04-04
MIT University research showed that every 1 robot added would displace 6 human workers. AI machines will create 15m new jobs in USA but also destroy 25m jobs simultaneously. The net effect will be a job loss of 10m which is tantamount to 10m displaced humans without jobs. These 10m humans won't be able to work and will create a new social problem.
http://www.marketwatch.com/story/this-is-how-many-us-jobs-robots-and-automation-will-create-over-the-next-10-years-2017-04-04
MIT University research showed that every 1 robot added would displace 6 human workers. AI machines will create 15m new jobs in USA but also destroy 25m jobs simultaneously. The net effect will be a job loss of 10m which is tantamount to 10m displaced humans without jobs. These 10m humans won't be able to work and will create a new social problem.
Tuesday, May 30, 2017
USA has a warped viewpoint of the world.
https://www.reuters.com/article/us-australia-usa-mccain-idUSKBN18Q0WZ
USA accused China of being a bully in South China Sea. What a joke! USA should look at itself first.
Was USA President a bully when he shoved another PM in public and he didn't feel ashamed at all?
https://www.thesun.co.uk/news/3664712/donald-trump-g7-summit-shove-montenegro-prime-minister-latest-news/
Was USA a bully when it installed more military weapons in SK without permission? Doing so was a big disgrace and humiliation to SK.
http://sg-stock.blogspot.sg/2017/05/south-korea-is-no-longer-sovereignty.html
The bottom line is when you are a superpower country, you can just do as you please and everything you do is justifiable. This is the value USA is spreading to the world.
USA accused China of being a bully in South China Sea. What a joke! USA should look at itself first.
Was USA President a bully when he shoved another PM in public and he didn't feel ashamed at all?
https://www.thesun.co.uk/news/3664712/donald-trump-g7-summit-shove-montenegro-prime-minister-latest-news/
Was USA a bully when it installed more military weapons in SK without permission? Doing so was a big disgrace and humiliation to SK.
http://sg-stock.blogspot.sg/2017/05/south-korea-is-no-longer-sovereignty.html
The bottom line is when you are a superpower country, you can just do as you please and everything you do is justifiable. This is the value USA is spreading to the world.
When you are fit, you can do amazing stunts!
South Korea is no longer a sovereignty.
http://en.people.cn/n3/2017/0530/c90000-9221978.html
South Korea is no longer a sovereignty because the USA can install any military system in South Korea without any permission.
What's the use of the investigation when SK dares not do anything to USA? It's just a political show for its citizens to see.
South Korea is no longer a sovereignty because the USA can install any military system in South Korea without any permission.
What's the use of the investigation when SK dares not do anything to USA? It's just a political show for its citizens to see.
Credit Sussie escaped relatively unscathed with just a $0.5m fine out of 1MDB scandal.
https://www.bloomberg.com/gadfly/articles/2017-05-30/singapore-s-puny-1mdb-fine-won-t-fool-credit-suisse?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
Credit Sussie got a light tap on its hand for participating in the 1MDB scandal but our local banks got more fines than foreign banks.
Singapore is indeed an investment-friendly country.
Credit Sussie got a light tap on its hand for participating in the 1MDB scandal but our local banks got more fines than foreign banks.
Singapore is indeed an investment-friendly country.
Monday, May 29, 2017
Thailand to take on Singapore for MRO.
http://www.channelnewsasia.com/news/asiapacific/thailand-plans-us-5-7b-upgrade-of-civil-military-airport-to-take-8891530
Thailand will have no problem raising funds because even if they can't raise enough fund in Canada, they can approach China. China will be very eager to help Thailand so that it can take on SG. We are facing unfriendly neighbours now because we are the only country in ASEAN that is anti-China.
Thailand will have no problem raising funds because even if they can't raise enough fund in Canada, they can approach China. China will be very eager to help Thailand so that it can take on SG. We are facing unfriendly neighbours now because we are the only country in ASEAN that is anti-China.
Germany's Merkel: US and UK are unreliable partners.
https://sg.news.yahoo.com/merkel-warns-us-britain-no-longer-reliable-partners-143042162.html
Hahaha! It took so long for Germany to realize that US & UK are unreliable partners.
Germany is too weak to stand on its own now. Its military prowess is not as strong as before because it lacks fighter planes, tanks and missiles. Germany has to form strategic alliances with other countries to fight against US & UK.
Hahaha! It took so long for Germany to realize that US & UK are unreliable partners.
Germany is too weak to stand on its own now. Its military prowess is not as strong as before because it lacks fighter planes, tanks and missiles. Germany has to form strategic alliances with other countries to fight against US & UK.
Sunday, May 28, 2017
USA is lying again! USA is really a congenital liar!
http://en.people.cn/n3/2017/0528/c90000-9221691.html
USA spy plane was intercepted by 2 China J-10 fighter plane in HK airspace but proclaimed publicly that it was flying in international airspace. What a joke! Everyone has radar now and either side can show its location on radar for the world to see.
It's getting harder to trust USA nowadays.
USA spy plane was intercepted by 2 China J-10 fighter plane in HK airspace but proclaimed publicly that it was flying in international airspace. What a joke! Everyone has radar now and either side can show its location on radar for the world to see.
It's getting harder to trust USA nowadays.
How to determine a baby gender without using ultrasound?
There is an ancient Chinese numerical methodology to calculate a baby gender and it is extremely accurate in the gender prediction but it's not 100% correct. If you calculate the number to be even but the baby is a boy instead, it means the boy has a female personality. Likewise for the odd number but it turns out to be a baby girl, it means the baby girl has a boy personality.
Add the mother's birth giving age first and then the baby's birth month. If the number sum is odd, it is a boy. If the number sum is even, it is a girl.
Example:
Mother birth giving age : 24
Baby's birth month : May
Mother = 2 + 4 = 6
Baby = May = 5
Sum = 6 + 5 = 11, 1 + 1 = 2
Final output is 2 which is even, so the baby is a girl.
Mother birth giving age : 31
Baby's birth month : March
Mother = 3 + 1 = 4
Baby = march = 3
Sum = 4 + 3 = 7
FInal output is 7 which is odd, so the baby is boy.
When an obstetrician is able to tell you your baby birth month, you can predict its gender. Try it and have fun!
Add the mother's birth giving age first and then the baby's birth month. If the number sum is odd, it is a boy. If the number sum is even, it is a girl.
Example:
Mother birth giving age : 24
Baby's birth month : May
Mother = 2 + 4 = 6
Baby = May = 5
Sum = 6 + 5 = 11, 1 + 1 = 2
Final output is 2 which is even, so the baby is a girl.
Mother birth giving age : 31
Baby's birth month : March
Mother = 3 + 1 = 4
Baby = march = 3
Sum = 4 + 3 = 7
FInal output is 7 which is odd, so the baby is boy.
When an obstetrician is able to tell you your baby birth month, you can predict its gender. Try it and have fun!
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