PM Lee apologises to Singaporeans but will not disband the ministerial committee.

https://sg.news.yahoo.com/singapore-pm-says-sorry-family-feud-000755806.html

This is an insincere apology as he still insists on retaining the house instead of allowing his siblings to execute the will.

Will noble group's credit extension trigger a credit default swap payout?

https://finance.yahoo.com/news/noble-groups-2-billion-loan-185219636.html

Credit default swap is tantamount to an insurance against a default.  When there is a credit event, the buyer of CDS will get a payout from the seller.  If this credit extension to noble represents a credit event, the buyers of CDS will get payouts on the company's $5b debt.

Basically, the CDS doesn't affect the underlying shares because CDS market is largely unregulated.  If there is a default, you'll get the par value of your CDS as a buyer.  A buyer will have to pay an "insurance premium" to the seller for the CDS periodically for the risk transfer and is entitled to an "insurance payout" when there is a credit event.

USA destroyer collision was due to blatant flouting of international maritime law.

USA destroyer collided with a container ship because it flouted the international maritime law.  USA destroyer suffered heavy damages on its right side (starboard) as it collided with the left side (port) of the container ship.

Anyone with a power craft boat licence will know that one cannot approach another vessel on its left side (port).  The right side (starboard) is designated with a GREEN light and the left side (port) is designated with a RED light.  When you see that your vessel is navigating towards a RED light (port) of another vessel, you should slow down or even stop.  Any vessel has to be mindful of its starboard (right side) and monitor any vessel approaching from its right.

Obviously, USA destroyer breached this international maritime law in the name of freedom of navigation and collided with the container ship.  A normal radar will show the direction, speed and trajectory of another vessel.  Therefore, the captain will definitely know that his vessel is approaching on the starboard or port of another vessel and any activity on its own starboard.

Shame on you, USA!

Singapore stock calls for 19 June 2017

Russia and USA cannot get along in Syria.

https://sg.news.yahoo.com/us-shoots-down-syrian-air-213100160.html

Syria bombed US-led forces and USA retaliated by shooting down Syrian fighter plane.  Putin and Syria won't let it go just like that.

It's getting harder to find peace in Syria now.

Lee Hsien Yang and Lee Wei Ling are at the losing end due to the ministerial committee.

https://sg.news.yahoo.com/lee-wei-ling-raps-shanmugam-view-conflict-interest-102347172.html

Most of the ministers on the ministerial committee are PM Lee's hardcore subordinates.  There's no way for Lee Hsien Yang and Lee Wei Ling to execute the old Lee's will because the ministerial committee will block them which is the primary motive for setting the committee in the first place.

PM Lee cannot lose or else his reputation and integrity will be sacrilege. Losing to his siblings will mean PM Lee is wrong.

China has achieved another breakthrough in quantum satellite.

https://sg.news.yahoo.com/china-sends-unhackable-message-nearly-750-miles-using-190217471.html

This breakthrough will enable China to further develop its quantum radar with a longer range too and render stealth fighter planes like F22 or F35 useless.

Great job!

OMG! Lee Hsien Yang's wife has resigned from her managing partner position in a global law firm.

http://www.businesstimes.com.sg/government-economy/lee-suet-fern-steps-down-as-singapore-managing-partner-of-morgan-lewis-bockius?xtor=CS3-24

http://www.channelnewsasia.com/news/singapore/lee-suet-fern-steps-down-as-managing-partner-in-law-firm-8953420

Did PM Lee have a hand in this? Or She is making preparation to leave SG with her hubby.

US destroyer collided with a container ship!

https://sg.news.yahoo.com/us-destroyer-philippine-vessel-collide-off-japan-navy-221307400.html

OMG! A container ship is very big and will definitely appear on the radar because it doesn't have any stealth mode.  If the state of art radar on the US destroyer cannot detect a container ship, how can it go to war?

This is really a big joke!

PM Lee's integrity is at stake now!

https://sg.news.yahoo.com/comment-house-lee-feud-takes-national-significance-061905010.html

If PM Lee cannot refute the allegations against him by his own siblings, then he is definitely unfit to be a PM.  Singapore cannot have a PM whose integrity is questionable.

Baltic dry index - 851

Today, Friday, June 16 2017, the Baltic Dry Index decreased by 4 points, reaching 851 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 - 933

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. rose by six this week to 933.

A year ago, just 424 rigs were active.

Houston oilfield services company Baker Hughes said Friday that 747 rigs sought oil and 186 explored for natural gas this week.

Among major oil- and gas-producing states, North Dakota added three rigs while Alaska, Colorado and New Mexico gained two rigs each. California and Louisiana increased by one apiece.

Oklahoma declined by four rigs and Wyoming was down one.

Arkansas, Kansas, Ohio, Pennsylvania, Texas, Utah and West Virginia were 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.

Singapore non-oil domestic exports (NODX) - Part 3

http://www.channelnewsasia.com/news/business/singapore-exports-down-1-2-in-may-second-straight-month-of-8951066

Singapore NODX is declining again in May 2017.

Year on year changes:

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%

https://sg-stock.blogspot.sg/2017/05/singapore-non-oil-domestic-exports-nodx.html

Singapore stock calls for 16 June 2017

Wow! Lee Hsien Yang accused PM Lee of being a liar!

http://www.businesstimes.com.sg/government-economy/lee-family-feud/lee-kuan-yews-final-will-was-not-drafted-by-stamford-law-lee

No wonder Lee Hsien Yang will have to leave SG for good because of the acrimonious family feud.

PM Lee will definitely accuse Lee Hsien Yang of casting aspersion on his integrity because a liar is unfit to be a PM especially one who is lying openly in public.

Why is Lee Kuan Yew's house or will no longer a family affair!

Lee Kuan Yew's house or will is no longer a family affair for a simple reason despite PM Lee's assertion.

Why?

It used to be a family affair until PM Lee set up a ministerial committee to handle his "family affair".

When you use parliament or set up a ministerial committee to handle or take charge of something, it becomes a public or national issue because you are basically using our national resources to resolve the matter.

You cannot use our national resources to handle or resolve your private or family affair and still proclaim it to be a personal or family issue.

This is setting a dangerous precedent for our future PMs and we don't think this is right and therefore strongly oppose this.

If there's a doubt about the veracity of the will, please contest it in court with your own resources and not use our national resources.  Then you will have the right to proclaim this to be a family affair.

Lee Hsien Yang will be leaving Singapore for fear of retaliation from PM Lee, his elder brother.

https://sg.news.yahoo.com/news/singapore-pms-brother-says-fears-110803440.html

http://sg-stock.blogspot.sg/2017/06/dr-lee-wei-ling-said-that-her-brother.html

Lee Hsien Yang doesn't trust PM Lee at all now.

Singapore stock calls for 15 June 2017

Dr Lee Wei Ling said that her brother, Lee Hsien Loong, is not suitable to be a Prime Minister.

https://www.facebook.com/weiling.lee.980/posts/444615392560776

Wow! When a sister said such thing about her own brother, it left a big question mark about PM Lee.

Will PM Lee sue his own sister? If PM Lee doesn't sue her own sister, does that mean there are some elements of truth in her remarks?

http://sg-stock.blogspot.sg/2017/06/hot-news-lee-hsien-yang-and-lee-wei.html

Singapore stock calls for 14 June 2017