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Latest Posts By pharoah88 - Supreme      About pharoah88
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05-Sep-2010 19:42 User Research/Opinions   /   %%%% WORLD ECONOMIC SUMMIT %%%%       Go to Message
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Two Economies, Different Remedies

IN CHINA 

Some believe this government meddling will push growth rates down by 2020.

IN AMERICA 

But they worry that some cures may cause new problems.

Like inflation. Or deflation.

Meanwhile, uncertainty reigns on Wall Street.

By PETER S. GOODMAN
The experts have run through many of their prescriptions for an ailing economy.
By MICHAEL WINES
As leaders stick to a top-down strategy that favors state-owned enterprises, fears grow that the nation’s economic miracle is in jeopardy.

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05-Sep-2010 19:18 User Research/Opinions   /   %%%% WORLD ECONOMIC SUMMIT %%%%       Go to Message
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Put it away, boys!

features@mediacorp.com.sg

THE GUARDIAN

Once seen only on the dancefloor at weddings, suddenly the male cleavage is everywhere.

It’s all too much

Jess Cartner-Morley

NOT since the glory days of Eva Herzigova and the Wonderbra have we seen a display quite like this. At every turn, bare chests are being thrust into our consciousness.

They are there on stage at every music festival, and caught on camera by the paparazzi most nights outside fancy restaurants. They are tanned and oiled, puffed and paraded.

The difference this time is that the cleavage in question is male.

The images that have filled the slow news days of August have, for once, not been of female celebrities in their beachwear, but of their menfolk. Of their menfolk’s pectorals, to be precise.

I have tried, really I have, to look on the bright side and welcome this development as a step toward gender equality. But (a) is it not a little depressing that of everything women have contributed to civilisation, it is displaying your naked chest that men have picked up on?

And (b) well, just, eew. I can’t take it any more. Those photographs of Simon Cowell in his boxfresh white drawstring trousers and mirrored sunglasses, an overgrown Ken doll dressed unconvincingly for kung fu, were bad enough, but then Cowell has long famously struggled with the concept of where one’s waistband should sit, so it is only to be expected that he would misjudge how much chest to display.

No, the final straw came when Jude Law — the 11th best-dressed man in Britain, according to GQ magazine — took Sienna Miller out for dinner dressed in a V-neck sweater slashed as low as a wrestler’s vest. Gentlemen, please. Put it away.

Not long ago, sightings of the male cleavage were pretty much limited to the dancefloor at weddings, when late-night revellers would inexplicably feel the urge to undo several buttons on their best shirt. Anyone present was too drunk to notice, so no harm was done.

But a new breed of men’s T-shirts is scooped or slashed low enough at the front to make a full-frontal display of chest hair and musculature non-negotiable. In one generation, it seems, sober men have gone from wearing the top button of theirpyjamas done up to letting it all hang out.

It began innocently enough. A few years ago, in an attempt to find some middle ground between suited-and-booted and jeans-and-T-shirted, fashionable men began a trend for wearing a T-shirt under a suit jacket or blazer. It worked almost too well: A victim of its own success, it quickly went from being an early adopter identifier to being a common sight on a Saturday night at provincial bars.

And so it was that those who had  kicked the look off — Law, Will Young and Russell Brand, among others — began to push the envelope a little more, to put a bit of space between themselves and the Burton-clad masses. They did this by replacing simple tops with faded tour Tshirts and then, when that, too, became a cliche, with the scoop-neck versions that began to be widely available in American Apparel, and later in Gap.

At the most recent menswear shows, the look was given the seal of approval by that venerable house of French chic, Hermes. The older generation of wearers has retained the jacket (so that Law now sometimes wears a jacket with a higher neckline than the T-shirt below, which looks really odd), but a younger breed of male peacocks around the world, Ronaldo Cristiano to Gossip Girl’s Ed Westwick, has dispensed with its services, all the better to flaunt their hours in the gym.

Can we hope that this trend will slip away? Personally, I’m more than a little nervous. The more extreme the fashion trend, the more extreme the counter trend tends to be, and if there’s one menswear trend I’m seriously allergic to it’s a man in a turtleneck.

What happened to the good old polo shirt, anyway? Hello, boys?

Good Post  Bad Post 
05-Sep-2010 19:13 Others   /   TRADE FREELY & LiVE LONGER       Go to Message
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Put it away, boys!

Once seen only on the dancefloor at weddings, suddenly the male cleavage is everywhere.

It’s all too much

Jess Cartner-Morley

features@mediacorp.com.sg

NOT since the glory days of Eva Herzigova and the Wonderbra have we seen a display quite like this. At every turn, bare chests are being thrust into our consciousness.

They are there on stage at every music festival, and caught on camera by the paparazzi most nights outside fancy restaurants. They are tanned and oiled, puffed and paraded.

The difference this time is that the cleavage in question is male.

The images that have filled the slow news days of August have, for once, not been of female celebrities in their beachwear, but of their menfolk. Of their menfolk’s pectorals, to be precise.

I have tried, really I have, to look on the bright side and welcome this development as a step toward gender equality. But (a) is it not a little depressing that of everything women have contributed to civilisation, it is displaying your naked chest that men have picked up on?

And (b) well, just, eew. I can’t take it any more. Those photographs of Simon Cowell in his boxfresh white drawstring trousers and mirrored sunglasses, an overgrown Ken doll dressed unconvincingly for kung fu, were bad enough, but then Cowell has long famously struggled with the concept of where one’s waistband should sit, so it is only to be expected that he would misjudge how much chest to display.

No, the final straw came when Jude Law — the 11th best-dressed man in Britain, according to

Not long ago, sightings of the male cleavage were pretty much limited to the dancefloor at weddings, when late-night revellers would inexplicably feel the urge to undo several buttons on their best shirt. Anyone present was too drunk to notice, so no harm was done.

But a new breed of men’s T-shirts is scooped or slashed low enough at the front to make a full-frontal display of chest hair and musculature non-negotiable. In one generation, it seems, sober men have gone from wearing the top button of theirpyjamas done up to letting it all hang out.

It began innocently enough. A few years ago, in an attempt to find some middle ground between suited-and-booted and jeans-and-T-shirted, fashionable men began a trend for wearing a T-shirt under a suit jacket or blazer. It worked almost too well: A victim of its own success, it quickly went from being an early adopter identifier to being a common sight on a Saturday night at provincial bars.

And so it was that those who had  kicked the look off — Law, Will Young and Russell Brand, among others — began to push the envelope a little more, to put a bit of space between themselves and the Burton-clad masses. They did this by replacing simple tops with faded tour Tshirts and then, when that, too, became a cliche, with the scoop-neck versions that began to be widely available in American Apparel, and later in Gap.

At the most recent menswear shows, the look was given the seal of approval by that venerable house of French chic, Hermes. The older generation of wearers has retained the jacket (so that Law now sometimes wears a jacket with a higher neckline than the T-shirt below, which looks really odd), but a younger breed of male peacocks around the world, Ronaldo Cristiano to Gossip Girl’s Ed Westwick, has dispensed with its services, all the better to flaunt their hours in the gym.

Can we hope that this trend will slip away? Personally, I’m more than a little nervous. The more extreme the fashion trend, the more extreme the counter trend tends to be, and if there’s one menswear trend I’m seriously allergic to it’s a man in a turtleneck.

What happened to the good old polo shirt, anyway? Hello, boys?GQ magazine — took Sienna Miller out for dinner dressed in a V-neck sweater slashed as low as a wrestler’s vest. Gentlemen, please. Put it away.

THE GUARDIAN

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05-Sep-2010 18:51 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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STB bullish about revenue for Formula 1

Singapore

This year, the Singapore Tourism Board (STB) have projected a sum of $100 million, as they expect foreign visitors to flock back to the race.

Speaking to MediaCorp on Friday, Chew Tiong Heng, Director of Destination Marketing at STB, said: “About 40 per cent of the spectators this year will be foreign visitors.

The season has gained traction, people are expecting and hearing the very exciting lineup that we have about the season, so we think that we are already gaining a certain kind of reputation — to deliver an F1 experience that is quite unique to this part of the world.”

The two new integrated resorts will contribute to the buzz, but STB have also unveiled several attractions as part of their 2010 Singapore Grand Prix Season.

International recording artistes like Mariah Carey and Missy Elliott have been lined up and they will be supported by 400 other acts, costing a cool $5 million.

To rev up the entertainment factor, the Singapore Grand Prix Season will also feature a week-long period (Sept 17 to 26) of Formula 1-related events.

There will be art on display, various parties to attend and the Digital Nights@Orchard to visit — a showcase of new media and digital arts using 3D, mapping familiar sights along Orchard Road.

Another feature will be the Soundpark at ION Orchard, where the highlight will be a 13-metre long Soundbox, which replicates the sound of Formula 1 cars whizzing.— The 2008 Formula 1 SingTel Singapore Grand Prix generated more than $150 million in tourism receipts, but dipped to $93 million last year, due to the economic slowdown.

Patwant Singh

Good Post  Bad Post 
05-Sep-2010 18:47 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

STB bullish about revenue for Formula 1

Singapore

This year, the Singapore Tourism Board (STB) have projected a sum of $100 million, as they expect foreign visitors to flock back to the race.

Speaking to MediaCorp on Friday, Chew Tiong Heng, Director of Destination Marketing at STB, said: “About 40 per cent of the spectators this year will be foreign visitors.

The season has gained traction, people are expecting and hearing the very exciting lineup that we have about the season, so we think that we are already gaining a certain kind of reputation — to deliver an F1 experience that is quite unique to this part of the world.”

The two new integrated resorts will contribute to the buzz, but STB have also unveiled several attractions as part of their 2010 Singapore Grand Prix Season.

International recording artistes like Mariah Carey and Missy Elliott have been lined up and they will be supported by 400 other acts, costing a cool $5 million.

To rev up the entertainment factor, the Singapore Grand Prix Season will also feature a week-long period (Sept 17 to 26) of Formula 1-related events.

There will be art on display, various parties to attend and the Digital Nights@Orchard to visit — a showcase of new media and digital arts using 3D, mapping familiar sights along Orchard Road.

Another feature will be the Soundpark at ION Orchard, where the highlight will be a 13-metre long Soundbox, which replicates the sound of Formula 1 cars whizzing.— The 2008 Formula 1 SingTel Singapore Grand Prix generated more than $150 million in tourism receipts, but dipped to $93 million last year, due to the economic slowdown.

Patwant Singh

Good Post  Bad Post 
05-Sep-2010 18:41 User Research/Opinions   /   /\/\/\/ stOck pIcks & stOck cAll /\/\/\/\/\/       Go to Message
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fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?
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05-Sep-2010 18:40 User Research/Opinions   /   *MARKET WISDOM* versus #EMOTIONAL SEIZE#       Go to Message
x 0
x 0


fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?
Good Post  Bad Post 
05-Sep-2010 18:39 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0


fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?
Good Post  Bad Post 
05-Sep-2010 18:37 Fixed Deposits   /   $$$$ F D Interest Abnormalisation MLM BUBBLE $$$       Go to Message
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x 0


fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?
Good Post  Bad Post 
05-Sep-2010 18:36 Others   /   GIC and Temasek       Go to Message
x 0
x 0

fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?



pharoah88      ( Date: 05-Sep-2010 18:24) Posted:

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.


Good Post  Bad Post 
05-Sep-2010 18:35 All-S Equities Fin   /   SINGAPORE BANKS - UOB + OCBC + DBS       Go to Message
x 0
x 0

fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?



pharoah88      ( Date: 05-Sep-2010 18:23) Posted:

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.


Good Post  Bad Post 
05-Sep-2010 18:34 User Research/Opinions   /   MAY BANK initiates GROWTH ERA tOday       Go to Message
x 0
x 0

fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?



pharoah88      ( Date: 05-Sep-2010 18:21) Posted:

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.


Good Post  Bad Post 
05-Sep-2010 18:32 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?



pharoah88      ( Date: 05-Sep-2010 18:25) Posted:

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.


Good Post  Bad Post 
05-Sep-2010 18:25 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.

Good Post  Bad Post 
05-Sep-2010 18:24 Others   /   GIC and Temasek       Go to Message
x 0
x 0

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.

Good Post  Bad Post 
05-Sep-2010 18:23 All-S Equities Fin   /   SINGAPORE BANKS - UOB + OCBC + DBS       Go to Message
x 0
x 0

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.

Good Post  Bad Post 
05-Sep-2010 18:21 User Research/Opinions   /   MAY BANK initiates GROWTH ERA tOday       Go to Message
x 0
x 0

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.

Good Post  Bad Post 
05-Sep-2010 18:15 User Research/Opinions   /   MAY BANK initiates GROWTH ERA tOday       Go to Message
x 0
x 0

sIngapOre  ecOnOmy  at rIsk  Of  fInancIal  Imbalances

lIke  prOperty bUbble  and  hOusIng  UNaffOrdabIlIty

caUsed bY  keepIng  bOrrOwIng  cOst

(and bank  depOsIt  rates)  tOO  lOw

fOr  tOO  lOng  ?

and  fOllOws  JAPAN's  fOOt step  Of  ecOnOmIc  dOwn fall ?



pharoah88      ( Date: 04-Sep-2010 01:07) Posted:

M’sia refrains from rate hike as rebound cools

KUALA LUMPUR

Bank Negara Malaysia kept its benchmark overnight policy rate at 2.75 per cent, a decision that was predicted by the majority of economists surveyed by

Malaysia started raising interest rates before any other Asian central bank this year to reduce what officials said was the risk of financial imbalances caused by keeping borrowing costs too low for too longregion’s efforts to withdraw monetary stimulus introduced to counter last year’s global recession may slow as policymakers around the world take steps to shore up growth amid signs their economies are cooling.. The

Bank Negara’s decision to stand pat came amid government data yesterday showing Malaysia’s exports rose at the slowest pace in eight months in July, as weakening growth in the world’s largest economies damp demand for goods.

Overseas shipments climbed 13.5 per cent in July from a year earlier to 55.4 billion ringgit ($23.9 billion) after gaining 17.2 per cent in June. The export increase was led by higher shipments of electrical and electronics goods and commodities such as liquefied natural gas, refined petroleum products, palm oil and rubber.

Weaker-than-estimated growth in Japan and slowing expansion in the US and China, among Malaysia’s biggest markets, pose a threat to demand for Asian goods.

The country’s imports rose 18.1 per cent in July to 48.4 billion ringgit from a year earlier. The trade surplus widened to 7.01 billion ringgit from 6.04 billion ringgit in June. — Malaysia’s central bank yesterday left interest rates unchanged after three consecutive increases, in a move to support growth as the global recovery slows.Bloomberg. Others expected a quarter-point increase.Bloomberg


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05-Sep-2010 18:07 Others   /   DOW & STI       Go to Message
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Better than expected ... WASHINGTON — Fears that the world’s largest economy was spiralling back into recession eased as US unemployment data on Friday turned out to be not as bad as expected. The Dow Jones Industrial Average jumped 1 per cent to 10,419, half an hour after the opening bell in New York, following the US government release that said employers shed almost half as many jobs as markets predicted. Revisions also showed the picture in previous months to be brighter than first thought. Overall non-farm payrolls showed a drop of 54,000 jobs in August. Economists had forecast on average a decline of about 100,000 jobs. The private sector, regarded as a key barometer of the economic outlook, added 67,000 jobs, above the 41,000 forecast. “Double dip fears will dissipate on the back of this result, though we suspect that the US labour market is not out of the woods yet. Employment growth is still insufficient to stabilise the unemployment rate,” said Mr Rob Carnell at ING Financial Markets. The unemployment rate nudged higher to 9.6 per cent from 9.5 per cent in July as the size of the workforce increased. The latest figures will come as a relief to President Barack Obama who has faced criticism that the US recovery has so far largely been a jobless one. Still, the payrolls data marked the third monthly drop in jobs. Many workers in the US continue to struggle to find full-time work. The number of people employed part time rose by 331,000 over the month to 8.9 million. With the economy still not adding any jobs, many analysts expect the US Federal Reserve to step in with extra support for the recovery in the form of quantitative easing — a way of pumping money into the economy. “One swallow does not make a summer and looking behind these figures, slow growth is still the order of the day. This does not change anything and does not alter our expectations of further quantitative easing in the future,” said Mr Jeremy Cook, chief economist at World First. Agencies
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05-Sep-2010 18:03 Trading Techniques   /   Elliot Waves       Go to Message
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Thanks

trendlines      ( Date: 05-Sep-2010 15:07) Posted:

EWI Free Week for Asian & European Markets!

Hello folks,

Elliott Wave International has just announced the beginning of their wildly popular FreeWeek event.

You can access(for FREE) EWI's short-term analysis of Asian-Pacific (such as China, India, Hong Kong, Singapore, Japan, Taiwan, Gold) and European markets from EWI's Short Term Update services right now until noon Eastern time Friday, Sept. 10.

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