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  1. #2126
    Regular Member Bbn's Avatar
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    Quote Originally Posted by Loh View Post
    The Straits Times
    Jul 9, 2010

    SINGAPORE may overtake China as Asia's fastest-growing economy this year, increasing the attractiveness of the city state's stocks and putting pressure on policy makers to check inflation with a stronger currency, reported Bloomberg News.

    Gross domestic product of Singapore will rise 10.8 per cent in 2010, according to the median of 13 estimates in a Bloomberg News survey before the July 14 second- quarter GDP report.

    By comparison, Goldman Sachs Group Inc, BNP Paribas and Macquarie Group Ltd have cut estimates for China to at most 10.1 per cent in recent weeks.

    An acceleration in pharmaceutical output and the opening of two casino resorts boosted growth in the first half, the result of Singapore's efforts to diversify sources of expansion beyond electronics exports. The push to bolster services may sustain the economy and support investment that spurred the island's benchmark stock index to outperform counterparts in China, Taiwan, Japan and Australia this year.

    'Singapore has unique growth characteristics of its own as a function of having some new areas of growth,' said Manraj Sekhon, the London-based head of international equities at Henderson Global Investors Ltd., whose firm oversees about $94 billion in assets, including shares in Singapore companies.

    Stock Performance Henderson has 'meaningful positions' in Singapore-based companies such as Wilmar International Ltd., the world's largest palm-oil trader, and Keppel Corp., the biggest maker of shallow- water rigs, he told Bloomberg news. Its holdings of Singaporean stocks, also including CapitaLand Ltd. and casino operator Genting Singapore Plc, are 'close to the highest positions we've had,' he said.

    Singapore's benchmark stock index has climbed 28 per cent in the past year, more than Hong Kong's Hang Seng and Taiwan's Taiex, while the Shanghai benchmark has fallen 22 per cent.


    Singapore has unique growth characteristics of its own as a function of having some new areas of growth. -- ST PHOTO: CHEW SENG KIM
    Nothing wrong with this statement taken as it is written.it merely says using this year as a benchmark Singapore's annual growth per se will surpass that of China's, its just a figure or benchmark on the rate of economic expansion
    in the current year.
    Just as in many places double digit growth this year on is merely catching up on a economy that has previously shrunk
    in 2007 or thereabouts. China though is experiencing real growth AT THE MOMENT without experiencing any contraction recently.Similar patterns have been seen in Msia and Ina.It depends on where one wants to start the index from.

  2. #2127
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    Quote Originally Posted by Loh View Post
    The Straits Times
    Jul 9, 2010

    SINGAPORE may overtake China as Asia's fastest-growing economy this year, increasing the attractiveness of the city state's stocks and putting pressure on policy makers to check inflation with a stronger currency, reported Bloomberg News.

    Gross domestic product of Singapore will rise 10.8 per cent in 2010, according to the median of 13 estimates in a Bloomberg News survey before the July 14 second- quarter GDP report.

    By comparison, Goldman Sachs Group Inc, BNP Paribas and Macquarie Group Ltd have cut estimates for China to at most 10.1 per cent in recent weeks.

    An acceleration in pharmaceutical output and the opening of two casino resorts boosted growth in the first half, the result of Singapore's efforts to diversify sources of expansion beyond electronics exports. The push to bolster services may sustain the economy and support investment that spurred the island's benchmark stock index to outperform counterparts in China, Taiwan, Japan and Australia this year.

    'Singapore has unique growth characteristics of its own as a function of having some new areas of growth,' said Manraj Sekhon, the London-based head of international equities at Henderson Global Investors Ltd., whose firm oversees about $94 billion in assets, including shares in Singapore companies.

    Stock Performance Henderson has 'meaningful positions' in Singapore-based companies such as Wilmar International Ltd., the world's largest palm-oil trader, and Keppel Corp., the biggest maker of shallow- water rigs, he told Bloomberg news. Its holdings of Singaporean stocks, also including CapitaLand Ltd. and casino operator Genting Singapore Plc, are 'close to the highest positions we've had,' he said.

    Singapore's benchmark stock index has climbed 28 per cent in the past year, more than Hong Kong's Hang Seng and Taiwan's Taiex, while the Shanghai benchmark has fallen 22 per cent.


    Singapore has unique growth characteristics of its own as a function of having some new areas of growth. -- ST PHOTO: CHEW SENG KIM
    This is quite similar to the type of selective information and advice I used to get from my previous two stockbrokers. The first one was more interested in the volume of business he was trying to get from me, regardless of my interest. He even persuaded me to bu substantial stocks from a company that was eventually closed down by the Stock Exchange for fraud. The other was a family friend who believed in being able to get privileged information. I finally dumped both of them for giving me selective information without giving me the big picture.
    Don't you think the above Straits Times article sounds more like a stockbroker's sales pitch?

  3. #2128
    Regular Member Bbn's Avatar
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    LOL,

    When LKY was Pm he made it compulsory for all schoolchildren to study economics as a subject.

    I dont know if its still the same, but anyone with some basics of economics would be able to see the context of the statement, the big picture or holistic view. Especially those staying in Singapore, they experienced the economic contraction and the figure is just benchmarked to a fresh start.i think people in Singapore are much smarter.

    I think most people will be able to read things in context given some grounding in theory.When reading
    from media though educated will know how to filter or discern info.
    Last edited by Bbn; 07-11-2010 at 06:57 AM.

  4. #2129
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    i really dun know what is wrong with this taneepak...

    nothing better to do...keep coming in to Singapore thread to bash Singapore

    actually i dun wan to reply...but keep reading your post, very irritating

    can get lost or not...if you want to show of your argumentation skills...pls go elsewhere


  5. #2130
    Regular Member Bbn's Avatar
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    1) I think he has too much time and no life.Perhaps as an immigrant from Msia to HK he has yet to adjust to his environment in HK.i think he also lacks manners and courtesy, something in-built in people from Singapore or people elsewhere with some basic Chinese education.
    2) He also suffers from some kind of deficiency, always referring to past achievements, and the inability to
    engage the modern world, unable to think critically or out of the box . Needs re-education, no one is too old to learn.
    3) Most of all he hates Singapore,and will nit-pick at every opportunity,most of the time exposing his own deficiencies and ignorance as his info is all based on newspapers he reads in HK.
    Most of all he wants people from Singapore to tell him to piss off as Loh has been too polite to rebut him, and he thinks it is because other Singaporeans do not support their government and country and Loh is a voice in the wilderness.
    Last edited by Bbn; 07-11-2010 at 07:13 PM.

  6. #2131
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    Bbn, pls let me remind you that Loh, until the thread Singapore Also Can, had always been a great supporter of my posts and opinions.
    That somewhat used to embarrass me although it could also be a compliment.
    Singapore Also Can or rather its contents as mere reproduction of newspaper articles picked selectively and the way it has been presented as a one- man show, brings out a need for a reality check as well as a healthy counterpoint. Have a look at Malaysia Boleh for its diverse opinions in which posters can express their opinions freely.

  7. #2132
    Regular Member chris-ccc's Avatar
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    Thumbs up Hope that we shall about the 'Brighter side of Singapore'

    .
    Hope that we shall talk about the 'Brighter side of Singapore'; as Loh has intended for this thread to be.

    PEACE.
    .
    Last edited by chris-ccc; 07-11-2010 at 09:44 PM.

  8. #2133
    Regular Member Bbn's Avatar
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    Quote Originally Posted by Loh View Post
    I'm sorry to learn that as someone who professes to be independent thinking and knowledgeable, you've considered yourself being "forced-fed" with the reports. But just as what you've stated above "to give readers the option to ignore the referenced site", readers can similarly ignore my posts if they wish to. But the fact that they continue to follow events in Singapore will mean that they are still interested out of their own accord and not being "forced-fed" as you tried to imply.
    Quote Originally Posted by Loh View Post
    I've told you many times before not to worry about S'pore. More relevant for you to think of some of the problems relating to where you are living and where you came from and make your contributions there.

    We have leaders here who will come up with solutions and improve on them whenever necessary. As I've said "Singapore Also Can".

    Here's the answer.

  9. #2134
    Regular Member Bbn's Avatar
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    [


    Quote Originally Posted by chris-ccc View Post
    .
    Hope that we shall talk about the 'Brighter side of Singapore'; as Loh has intended for this thread to be.

    PEACE.
    .
    Let's all drink to that.

  10. #2135
    Regular Member Bbn's Avatar
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    Quote Originally Posted by taneepak View Post
    Bbn, pls let me remind you that Loh, until the thread Singapore Also Can, had always been a great supporter of my posts and opinions.
    That somewhat used to embarrass me although it could also be a compliment.
    Singapore Also Can or rather its contents as mere reproduction of newspaper articles picked selectively and the way it has been presented as a one- man show, brings out a need for a reality check as well as a healthy counterpoint. Have a look at Malaysia Boleh for its diverse opinions in which posters can express their opinions freely.
    Simple common sense says a country renown for its dedicated government trying to propel its people
    to be the best needs constructive criticism rather than negative statements.
    On the other hand other places where corruption, inefficiency and injustice is paramount requires
    a lot of grilling.
    The trouble that some people cannot tell the difference, cantonese say normal people eat rice and pass out ****,
    but cranky people do the reverse, they eat **** and pass out rice.

  11. #2136
    Regular Member Loh's Avatar
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    Default S'pore-US security cooperation can contribute to Asia stability

    Channel NewsAsia
    12 July 2010 1342 hrs

    MOUNTAIN HOME AIR BASE, IDAHO: Prime Minister Lee Hsien Loong has said security cooperation between Singapore and the US can help contribute towards the overall stability and prosperity of the Asia Pacific.

    The Singapore leader made the comment after touring the Mountain Home Air Base in Idaho where the Singapore Armed Forces (SAF) has a detachment facility.

    Prime Minister Lee visited the Peace Carvin V detachment facility on Sunday.

    The first Singapore minister to visit the base was Deputy Prime Minister and Defence Minister Teo Chee Hean. He was there last November.

    Peace Carvin V is a partnership between Singapore and the US that spans 25 years. Singapore bought 24 new F-15SG jets under the tie-up.

    It is at the base that pilots are trained to fly and operate the advanced fighter aircraft, which makes up part of the SAF's 3rd-Generation defence capabilities.

    The F-15SG squadron is part of the air force's Air Combat Command which plans, controls and executes air warfare operations.

    Accompanied by his wife Ms Ho Ching, Mr Lee got into the cockpit of a F-15SG to have a feel of what it is like to be in the pilot seat.

    Speaking to the media later, Mr Lee said overseas detachment facilities are critical to SAF's operational readiness.

    "It gives us space which we don't have, conditions which are different from our conditions at home," he said.

    "So, we can learn to operate in different environments, and also the opportunity to train with friendly forces to learn from them, to exchange experiences with them and to become a more professional and capable, SAF, a stronger deterrent defence force."

    US-Singapore defence ties are described as "close" by both sides.

    Michael Donley, US Secretary of Airforce, said: "This has been a wonderful partnership, it has given us the opportunity to train together and to improve our inter-operability as we confront the security challenges facing both of our countries around the world."

    A point which Mr Lee agreed with.

    In response to reporters' queries on cross-strait tensions, Mr Lee replied that although there are issues, for example in North Korea, the region is peaceful.

    He pointed to improving relations between China and Taiwan - which recently signed an economic cooperation framework agreement - as a good sign.

    Mr Lee hoped that cooperation between Singapore and the US in the security area will contribute towards the overall security of the region and the relaxation of tensions and increased stability in the Asia Pacific.

    Prime Minister Lee also met some of the 400 Singapore personnel and their families at the base.

    He also toured a Chinese Tuition Centre set up for Singaporean students.

    The centre is run by a teacher seconded by the Education Ministry.

    Each child, aged 6 to 13 years, undergoes about three hours of Chinese lessons a week in the centre.

    30-year-old Sylvia Siah, whose 6-year-old daughter Megan attends classes in the centre, said: "It's useful because it's stressful for us to teach Chinese on our own. We want her (Megan) to continue to keep up with the language and be able to keep up when she goes back to mainstream school."

    The Siahs will return to Singapore next year where Megan will be enrolled into Primary One.

    The bonding continued over lunch, with the visitors including Idaho Governor C.L "Butch" Otter joining the hosts in watching the World Cup finals on TV.

    The Singapore military personnel will be at the US base for the next 20 years or so.

    Moving forward, both sides hope for even more partnerships and training opportunities.


    F-15SG squadron at Mountain Home Air Force Base.
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  12. #2137
    Regular Member Loh's Avatar
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    Default New Senior Service Centre for residents of Bishan studio apartment block

    Channel NewsAsia
    11 July 2010 1603 hrs

    By Saifulbahri Ismail

    SINGAPORE : Elderly residents of a block of studio apartments in Bishan will soon benefit from a new Senior Service Centre at the void deck.

    The Senior Service Centre, which is the first of its kind, is for residents of Golden Jasmine Studio Apartment, as well as elderly residents in the neighbourhood.

    It will meet their needs for health maintenance and medical care support.

    A Physiotherapy Clinic and a Traditional Chinese Medicine Clinic are also available.

    The Centre, which will be ready by November this year, hopes to facilitate independent living and encourage active ageing among the elderly residents.

    It will be managed and operated by Econ Healthcare.

    Group CEO Chua Song Khim said: "So what we are going to create for residents here is a service centre where you can have access to communal facilities, for example, a reading corner; they (will) have Internet access, they will also be able to listen to health talks and (there will also be) games and so forth for them."

    As part of its service, the Centre will also monitor the Alert Alarm system of every household to ensure the health and safety of residents.

    Residents of the studio apartment block received keys to their new flats from Deputy Prime Minister Wong Kan Seng on Sunday.


    (I hope this is the beginning of a new set of criteria for the HDB to provide in all public housing estates that have studio apartments catered to the elderly who have to live alone for whatever the reason. This also helps the children who may not have time or resources to look after their aged parents as primary care is available right at their doorsteps.)
    Last edited by Loh; 07-12-2010 at 04:15 AM.

  13. #2138
    Regular Member Loh's Avatar
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    Default SMRT will display 4,500 flags islandwide to celebrate National Day

    Channel NewsAsia
    12 July 2010 1532 hrs

    By Saifulbahri Ismail

    SINGAPORE: SMRT will fly 4,500 flags across the island to celebrate Singapore's 45th birthday on National Day.

    The public transport operator says it will display flags at some 100 locations at all its offices, train stations, bus interchanges, as well as on SMRT taxis and buses and staff private vehicles.

    At 8.10 pm on August 9, SMRT will also rally Singaporeans to participate in One Voice 2010, to recite the national pledge and sing the national anthem at all its train stations, buses interchanges and four Xchanges shopping areas.

    Singaporeans can also look forward to getting into the spirit of NDP 2010 when all SMRT train stations, bus interchanges and Xchanges start playing the NDP 2010 theme song, "Song for Singapore" by Corrinne May.

    SMRT is supporting NDP 2010 with close to 500,000 dollars worth of sponsorship.
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  14. #2139
    Regular Member Loh's Avatar
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    Default President Nathan hosts annual Presidential Garden Reception at Istana

    Channel NewsAsia
    11 July 2010 2132 hrs

    SINGAPORE : President S R Nathan hosted the annual Presidential Garden Reception at the Istana on Sunday, for than more than 700 personnel from the Ministry of Defence, Singapore Armed Forces, Defence Science & Technology Agency and DSO National Laboratories.

    The annual reception is held in recognition of their valuable contributions towards the defence of Singapore.

    Deputy Prime Minister and Minister for Defence Teo Chee Hean, and Minister for Education and Second Minister for Defence Dr Ng Eng Hen were also present at the reception.

    MINDEF photo
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  15. #2140
    Regular Member Bbn's Avatar
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    Quote Originally Posted by taneepak View Post
    Bbn, pls let me remind you that Loh, until the thread Singapore Also Can, had always been a great supporter of my posts and opinions.
    That somewhat used to embarrass me although it could also be a compliment.
    Singapore Also Can or rather its contents as mere reproduction of newspaper articles picked selectively and the way it has been presented as a one- man show, brings out a need for a reality check as well as a healthy counterpoint. Have a look at Malaysia Boleh for its diverse opinions in which posters can express their opinions freely.
    Why dont you start your own thread about where you are staying now as people would want to have 1st hand knowledge.Or start a thread about your family and their secrets so that people can discuss freely about your family and their private affairs for a reality check and transparency in your private affairs.
    Being from a stoic Chinese upbringing we are brought up to be diplomatic and respectful of other people and
    as normal homo sapiens we practise inhibitions and reservations in the words we say,our opinions etc.
    Do you talk openly and freely about everything in front of minors in your family?

  16. #2141
    Regular Member Loh's Avatar
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    Quote Originally Posted by chris-ccc View Post
    .
    Hope that we shall talk about the 'Brighter side of Singapore'; as Loh has intended for this thread to be.

    PEACE.
    .
    Thanks Chris for your timely reminder.

    It has been more than a year since I started this thread in May 2009, but I'm very happy that things are looking much brighter since for Singapore. Our leaders and people are generally more positive than before.

    Our GDP this year will be impressive, just crossing the double digit figure as recently forecasted. Foreign investmests continue to pour in, giving endorsement to our political stability, social and economic policies. Even our national investment company, Temasek, has reported great gains wiping out the huge losses incurred during the recent financial crisis. Singapore is more conducive for work and play to both foreigners and locals. The addition of the two integrated resorts has not only provided more jobs but also brought more life and buzz to our shores. Maybe more international celebrities will begin to make a stop in Singapore soon.

    Our foreign talents have done us proud in many sectors, particularly in sports when our women table-tennis players became world champions and even now the hitherto impregnable China players will take Singapore more seriously. I'm sure our foreign talents will continue to bring pride to Singapore in all human endeavours, aside from sports.

    But it is through our strong, committed and passionate leadership and people support that won Singapore the honour of being entrusted the inaugural Youth Olympic Games that will begin in about a month's time. It is relatively costly to host even the Youth Olympics, but our efforts will be well worth it particularly when Singapore will be remembered in world sports history as the first small country to host the YOG and the events here will be beamed to millions of homes around the world!

    Yes Singapore has overcome. The brighter side of things is blessing our tiny nation.

    Thank you so much!
    Last edited by Loh; 07-12-2010 at 05:25 AM.

  17. #2142
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    I am also very irritated by Taneepak's constant bashing of Singapore....

    I am a Singaporean working in China and Loh's thread has served me well with its constant update from Singapore. But it is really irritating to see Taneepak's in the midst of Loh's update.

    Whatever it is, Singapore will continue to innovate and surge forward. Our neighbours can bash or even threaten us, it does not matter. At the end of the day, it is the living standard and condition of the people that really counts.

    And to Taneepak, please start your own thread or get a life if you have nothing better to do. Thanks.

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