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05-Sep-2010 16:57

User Research/Opinions / *MARKET WISDOM* versus #EMOTIONAL SEIZE#

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Property cooling measures timely: Wing Tai

SINGAPORE

Mr Edmund Cheng, Wing Tai’s deputy chairman who said this on Friday at the launch of its luxury project Belle Vue Residences (picture), added that prices for future land tenders would need to be adjusted downwards as sentiment had cooled.

However, he said Wing Tai would not be affected too much by the new curbs.

“The measures, I think, address the upgraders’ market more. Most of our properties are all high-end, upper-middle and super high-end, so the impact is not much,” he said.

Wing Tai said 109 of its 167 units at Belle Vue had been sold. It said it was confident that the project would be fully taken up, with foreigners expected to make up half the buyers. The remaining units are priced between $2,300 and $2,800 per square foot.

But while developers such as Wing Tai may stay positive, some observers expect the banking sector to feel the impact from the recent anti-speculative measures.

Banks could see a significant drop in profit contributions from housing loans, some analysts said.

“UOB has the largest percentage based on their total income. For them, we are looking at 20 to 30 per cent of their total top line coming from housing loans.

Therefore they would be, in our view, most affected by the clamp down in the property sector, followed by DBS,” said Mr Moh Tze Yang, lead analyst at SIAS Research.— The measures announced by the government on Monday to cool the property market were timely as prices had gone up to unsustainable levels, according to real estate developer Wing Tai Holdings.

Wong Siew Yin

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05-Sep-2010 16:53

User Research/Opinions / /\/\/\/ stOck pIcks & stOck cAll /\/\/\/\/\/

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Property cooling measures timely: Wing Tai

SINGAPORE

Mr Edmund Cheng, Wing Tai’s deputy chairman who said this on Friday at the launch of its luxury project Belle Vue Residences (picture), added that prices for future land tenders would need to be adjusted downwards as sentiment had cooled.

However, he said Wing Tai would not be affected too much by the new curbs.

“The measures, I think, address the upgraders’ market more. Most of our properties are all high-end, upper-middle and super high-end, so the impact is not much,” he said.

Wing Tai said 109 of its 167 units at Belle Vue had been sold. It said it was confident that the project would be fully taken up, with foreigners expected to make up half the buyers. The remaining units are priced between $2,300 and $2,800 per square foot.

But while developers such as Wing Tai may stay positive, some observers expect the banking sector to feel the impact from the recent anti-speculative measures.

Banks could see a significant drop in profit contributions from housing loans, some analysts said.

“UOB has the largest percentage based on their total income. For them, we are looking at 20 to 30 per cent of their total top line coming from housing loans.

Therefore they would be, in our view, most affected by the clamp down in the property sector, followed by DBS,” said Mr Moh Tze Yang, lead analyst at SIAS Research.— The measures announced by the government on Monday to cool the property market were timely as prices had gone up to unsustainable levels, according to real estate developer Wing Tai Holdings.

Wong Siew Yin

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05-Sep-2010 16:45

User Research/Opinions / ^ Productivity ^ [Effecacy Efficiency Economy]

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They crawl ...

they bite ...

they baffle scientists

WEekend today September 4 - 5, 2010

DONA LD G McNEIL JR

NEW YORK

Think of it, rather, as Cimex lectularius, international arthropod of mystery.

In comparison to other insects that bite man, or even only walk across man’s food, nibble man’s crops or bite man’s farm animals, very little is known about the creature whose Latin name means — go figure — “bug of the bed”.

Only a handful of entomologists specialise in it and, until recently, it has been low on the government’s research agenda because it does not transmit disease.

Most study grants come from the pesticide industry and ask only one question:

What kills it? But now that may change.

This month, the Environmental Protection Agency and the Centers for Disease Control and Prevention issued a joint statement on bedbug control. It was not, however, a declaration of war nor a plan of action.

It was an acknowledgment that the problem is big, a reminder that federal agencies mostly give advice, plus some advice: Try a mix of vacuuming, crevice-sealing, heat and chemicals to kill the things.

It also noted, twice, that bedbug research “has been very limited over the past several decades”. Ask any expert why the bugs disappeared for 40 years, why they came roaring back in the late 1990s, even why they do not spread disease and you hear one answer: “Good question.”— Don’t be too quick to dismiss the common bedbug as merely a pestiferous six-legged blood-sucker.

DESPITE ICK FACTOR , THEY’RE CLEAN

“The first time I saw one that wasn’t dated 1957 and mounted on a microscope slide was in 2001,” said Dr Dini Miller, a Virginia Tech cockroach expert who has added bed bugs to her repertoire.

The bugs have probably been biting our ancestors since they moved from trees to caves. The bugs are “nest parasites” that fed on bats and cave birds like swallows before man moved in.

That makes their disease-free status even more baffling. The bites itch, and can cause anaphylactic shock in rare cases, and dust containing faeces and molted shells has triggered asthma attacks, but these are all allergic reactions, not disease.

Bats are sources of rabies, Ebola, Sars and the Nipah virus. And other biting bugs are disease carriers — mosquitoes for malaria and West Nile, ticks for Lyme and babesiosis, lice for typhus, fleas for plague, tsetse flies for sleeping sickness, kissing bugs for Chagas. Even non-biting bugs like houseflies and cockroaches transmit disease by carrying bacteria on their feet or in their faeces or vomit.

But bedbugs, despite the ick factor, are clean. Actually it is safer to say that no one has proved they aren’t, said Dr Jerome Goddard, a Mississippi State entomologist.

But not for lack of trying. South African researchers have fed them blood with the Aids virus but the virus died. They have shown that bugs can retain the hepatitis B virus for weeks but when they bite chimpanzees, the infection does not take. Brazilian researchers have come closest, getting bedbugs to transfer the Chagas parasite from a wild mouse to laboratory mice.

“Someday, somebody may come along with a better experiment,” Dr Goddard said.

WHY DID THEY DISAPPEAR ?

That lingering uncertainty has led to one change in lab practice. The classic bedbug strain that all newly-caught bugs are compared against is a colony originally from Fort Dix, New Jersey, that a researcher kept alive for 30 years by letting it feed on him.

But Dr Stephen Kells, a University of Minnesota entomologist, said he “prefers not to play with that risk”. He feeds his bugs expired blood-bank blood through parafilm, which he describes as “waxy Saran Wrap”.

Dr Coby Schal of North Carolina State said he formerly used condoms filled with rabbit blood but switched to parafilm because his condom budget raised eyebrows with university auditors.

Why the bugs disappeared for so long and exploded so fast after they reappeared is another question. The conventional answer — that DDT was banned — is inadequate.

After all, mosquitoes, roaches and other insects rebounded long ago.

Much has to do with the habits of the bugs. Before central heating arrived in the early 1900s, they died back in winter. People who frequently restuffed their mattresses or dismantled their beds to pour on boiling water — easier for those with servants — suffered less, said the bedbug historian Michael Potter of the University of Kentucky.

Early remedies were risky: Igniting gunpowder on mattresses or soaking them with petrol, fumigating buildings with burning sulphur or cyanide gas.

Success finally arrived in the 1950s as the bugs were hit first with DDT and then with malathion, diazinon, lindane,

chlordane and dichlorovos, as resistance to each developed. In those days, mattresses were sprayed, DDT dust was sprinkled into the sheets, nurseries were lined with DDTimpregnated wallpaper.

In North America and Western Europe, “the slate was virtually wiped clean”, said Dr Potter, who has surveyed pest-control experts in 43 countries.

In South America, the Middle East and Africa, populations fell but never vanished.

One theory is that domestic bedbugs surged after pest control companies stopped spraying for cockroaches in the 1980s and switched to poisoned baits, which bedbugs do not eat.

But the prevailing theory is that new bugs were introduced from overseas because the ones found in cities now are resistant to different insecticides from those used on poultry or cockroaches.

Exactly where they came from is a mystery. Dr Schal is now building a “world bedbug collection” and hopes to produce a global map of variations in their genes, which might answer the question.

Experts say they have heard blame pinned on many foreign ethnic groups and on historic events from the fall of the Berlin Wall to the Persian Gulf war to the spread of mosquito nets in Africa.

Every theory has holes and many are simply racist.

Pest-control companies say hotels, especially airport business hotels and resorts attracting foreign tourists, had the first outbreaks, said both Dr Potter and Mr Richard

Cooper, a pest-control specialist.

THE FUTURE IS GRIM

Whatever the source, the future is grim, experts agreed. Many pesticides do not work, and some that do are banned — though whether people should fear the bug or the bug-killer more is open to debate.

“I’d like to take some of these groups and lock them in an apartment building full of bugs and see what they say then,”

Dr Potter said of environmentalists.

Treatment, including dismantling furniture and ripping up rugs, is expensive.

Rather than actively hunting for bugs, hotels and landlords often deny having them.

Many people are not alert enough.

Some people overreact, even developing delusional parasitosis, the illusion that bugs are crawling on them. “People call me all the time, losing their minds, like it’s a curse from God,” Dr Miller said.

The reasonable course, Dr Goddard said, is to recognise that we are, in effect, back in the 1920s “Sleep tight, don’t let the bedbugs bite” era. People should be aware but not panicky.

However, he added: “I don’t even know what to say about them being in theatres.

That’s kind of spooky.”

Well, he was asked — Can you feel them bite?

“No,” he said. “If I put them on myarm and close my eyes, I never feel them.

But I once got my children to put them on my face, and I did. Maybe there are more nerve endings.”

Why in the world, he was asked, would he ask children to do that? “Oh, you know,” he said. “Bug people are crazy.”

THE NEW YORK TIMES

Bedbugs may not transmit disease but the US authorities warn they are once again a big problem

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05-Sep-2010 16:31

User Research/Opinions / ~~~~ CORPORATE GOVERNANCE ~~~~

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Osteoporosis drug ‘doubles cancer risk’

LONDON — A drug taken by people with osteoporosis could double their risk of developing cancer of the oesophagus, a new study suggests.

British researchers started with nearly 3,000 people with oesophageal cancer and matched each one to five similar people who did not have the disease. About 90 of the cancer patients and 345 people in the comparison group had been prescribed bonebuilding pills called bisphosphonates.

These drugs, sold as Fosamax, Actonel, Boniva and other brands, are widely used after menopause to prevent or treat osteoporosis. Normally, the risk of developing cancer of the oesophagus, or throat, in people aged 60 to 79 is 1 in 1,000. The researchers estimated that, with about five years’ use of the drugs, the risk was 2 in 1,000. The study was paid for by Britain’s Medical Research Council and Cancer Research UK. It was published on Friday in the medical journal, BMJ. One of the paper’s authors, Ms Jane Green, a clinical epidemiologist at the University of Oxford, said the findings should not affect patients taking osteoporosis drugs but added the medicines should be watched closely.

Experts are not sure why the drugs might lead to throat cancer but the pills can cause inflammation in the oesophagus, which could make cancer more likely. AP

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05-Sep-2010 16:29

User Research/Opinions / ^ Productivity ^ [Effecacy Efficiency Economy]

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Osteoporosis drug ‘doubles cancer risk’

LONDON — A drug taken by people with osteoporosis could double their risk of developing cancer of the oesophagus, a new study suggests.

British researchers started with nearly 3,000 people with oesophageal cancer and matched each one to five similar people who did not have the disease. About 90 of the cancer patients and 345 people in the comparison group had been prescribed bonebuilding pills called bisphosphonates.

These drugs, sold as Fosamax, Actonel, Boniva and other brands, are widely used after menopause to prevent or treat osteoporosis. Normally, the risk of developing cancer of the oesophagus, or throat, in people aged 60 to 79 is 1 in 1,000. The researchers estimated that, with about five years’ use of the drugs, the risk was 2 in 1,000. The study was paid for by Britain’s Medical Research Council and Cancer Research UK. It was published on Friday in the medical journal, BMJ. One of the paper’s authors, Ms Jane Green, a clinical epidemiologist at the University of Oxford, said the findings should not affect patients taking osteoporosis drugs but added the medicines should be watched closely.

Experts are not sure why the drugs might lead to throat cancer but the pills can cause inflammation in the oesophagus, which could make cancer more likely. AP

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05-Sep-2010 16:23

User Research/Opinions / ^ Productivity ^ [Effecacy Efficiency Economy]

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If you bought a flat before Aug 30 ...

Letter from Lily Wong Jee Choo Deputy Director (Policy and Property) Housing and Development Board We refer to the letter “Nest egg delayed” from Mr Chi Han- Hsuan (Sept 1). Mr Chi mentioned that he recently bought a HDB flat with his wife and planned to invest in a private condominium for investment, but had to wait now because of the changes to the policy for Minimum Occupation Period (MOP).

We would like to clarify that the new MOP policy is prospectively applied on resale applications received by HDB on or after Aug 30, 2010.

Resale applications received by HDB before Aug 30, 2010 will be subject to the previous MOP policy where there are no restrictions on the purchase of private properties during the MOP of the nonsubsidised flat. We thank Mr Chi for his feedback.

pharoah88 ( Date: 01-Sep-2010 22:13) Posted:

Nest egg delayed
Letter from Chi Han-Hsuan
THE latest regulations came as a shock to my wife and me. Why can’t HDB flat owners stay in their flats and invest in private property without a five-year MOP?
Private properties are a long-term investments, like blue chip stocks or precious commodities such as gold — they appreciate in value over time and are a good hedge against inflation.
I believe the Government’s stance all along has been to curb the use of HDB flats for speculation, and those who want to invest should buy private property.
So, why discourage flat-owners from investing in private property?
A five-year MOP is too long and restrictive.
My wife and I recently bought an HDB flat without a loan and plan to invest in a condominium for our retirement. But now we’ll have to wait before we can do so.
The Government shouldn’t be discouraging HDB owners with excess cash from buying private property as a safe, long-term investment in their nest egg.

Rather, it should be imposing restrictions on foreigners buying private residential properties.

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05-Sep-2010 16:19

User Research/Opinions / ^ Productivity ^ [Effecacy Efficiency Economy]

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mOre eXpensIve alternatIves are nO trUe chOIce at All ? ? ? ?

pharoah88 ( Date: 01-Sep-2010 23:00) Posted:

Next-gen broadband: More choices for consumers

Hedirman Supian and

Millet Enriquez

hedirman@mediacorp.com.sg

SINGAPORE

The providers comprise the three local telcos — M1, SingTel and StarHub — as well as two smaller operators, SuperInternet and LGA.

The added competition has translated into cheaper Internet subscription rates.

SingTel is offering a 150Mbps service for $85.90 per month while M1 is offering a 100Mbps service for $59 a month.

SuperInternet managing director Benjamin Tan said his firm plans to offer a 100Mbps service for $49.80 a month.

LGA, a firm that’s targeting enterprises, SMEs and business consumers, will announce its pricing plans next month, while a StarHub spokesperson said the telco will reveal its plans tomorrow.

These five retail service providers (RSPs) buy bandwidth wholesale from Nucleus Connect, the operating company for the new broadband network, and offer Internet access and services to consumers and enterprises.

Nucleus Connect chief executive David Storrie said he expects five more RSPs to enter the market by the end of the year.

While prices will get more competitive as the NGNBN is rolled out to more areas, Ms Sherlin Pang, an analyst from research firm IDC, does not expect Internet subscription rates to hit rock bottom.

“Instead of a price war that is seen in Hong Kong (where prices drop to $35 per month for 1Gbps), I don’t think it will happen here as the Singapore market is not as competitive and is still somewhat regulated,” she said.

Meanwhile, SingTel has unveiled a slew of new broadband services targeted at retail consumers and small businesses that will leverage on the NGNBN and its own extensive fibre infrastructure.

This includes a new consumer offering, exStream, which offers download speeds of up to 200Mbps, uplinks of up to 100Mbps and international bandwidth of up to 25Mbps.

This will be a “game changer for SingTel”, said Mr Allen Lew, SingTel’s chief executive officer for its Singapore operations.

For SMEs, the telco has introduced eVolve, which will use its own infrastructure and will only carry business traffic. Telco analyst Alfred Low of Phillip Securities said it is too early to tell whether the new initiatives will bode well for Sing-Tel but he expects competition to further heat up among the telcos as StarHub also launches its own set of products.

When it comes to choosing telcos, broadband speed is not the only consideration for consumers like teacher Gibbson Ang, 27.

Mr Ang, who is currently paying $70 a month for his 12Mbps service, said: “For me, the top factor in my decision would be a provider that can offer the best pricing and package in other services as well.”— The wait for faster and cheaper broadband is over. Consumers can soon sign up for Internet access on the Next Generation National Broadband Network (NGNBN) from five providers, with more to come later this year.

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05-Sep-2010 16:09

Straits Times Index / STI to cross 3000 boosted by long-term investors

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bEttEr and safEr tO depOsIt as partIcIpatIng sharehOlder In

GENTING TWINS ?

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05-Sep-2010 16:08

Genting Sing / GenSp starts to move up again

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pharoah88 ( Date: 05-Sep-2010 15:54) Posted:

REVERSE ANNOUNCEMENT

TRUTH #### FACT

100% DEPOSIT GUARANTEE

REDUCED TO

S$50,000 DEPOSIT INSURANCE

pharoah88 ( Date: 05-Sep-2010 15:37) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 16:06

User Research/Opinions / %%%% WORLD ECONOMIC SUMMIT %%%%

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In vIew Of Open rIsk Of near tOtal lOss

and dIre Of fIxed near zerO Interest rate

bEttEr and safEr tO depOsIt as partIcIpatIng sharehOlder In

GENTING TWINS ?

pharoah88 ( Date: 05-Sep-2010 15:53) Posted:

REVERSE ANNOUNCEMENT

TRUTH #### FACT

100% DEPOSIT GUARANTEE

REDUCED TO

S$50,000 DEPOSIT INSURANCE

pharoah88 ( Date: 05-Sep-2010 15:32) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 16:05

Others / TRADE FREELY & LiVE LONGER

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GENTING TWINS ?

pharoah88 ( Date: 05-Sep-2010 15:51) Posted:

REVERSE ANNOUNCEMENT

TRUTH #### FACT

100% DEPOSIT GUARANTEE

REDUCED TO

S$50,000 DEPOSIT INSURANCE

pharoah88 ( Date: 05-Sep-2010 15:31) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 16:03

User Research/Opinions / &&&&&&&& PROFITS & PHILANTHROPHY &&&&&&&&

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In vIew Of rIsk Of near tOtal lOss

and dIre Of near zerO Interest rate

bEttEr and safEr tO depOsIt In

GENTING TWINS ?

pharoah88 ( Date: 05-Sep-2010 15:50) Posted:

REVERSE ANNOUNCEMENT

TRUTH #### FACT

100% DEPOSIT GUARANTEE

REDUCED TO

S$50,000 DEPOSIT INSURANCE

pharoah88 ( Date: 05-Sep-2010 15:30) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 16:02

User Research/Opinions / ~~~~ CORPORATE GOVERNANCE ~~~~

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In vIew Of rIsk Of near tOtal lOss

and dIre Of near zerO Interest rate

bEttEr and safEr tO depOsIt In

GENTING TWINS ?

pharoah88 ( Date: 05-Sep-2010 15:49) Posted:

REVERSE ANNOUNCEMENT

TRUTH #### FACT

100% DEPOSIT GUARANTEE

REDUCED TO

S$50,000 DEPOSIT INSURANCE

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05-Sep-2010 16:00

Fixed Deposits / $$$$ F D Interest Abnormalisation MLM BUBBLE $$$

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pharoah88 ( Date: 05-Sep-2010 15:47) Posted:

REVERSE ANNOUNCEMENT

TRUTH #### FACT

100% DEPOSIT GUARANTEE

REDUCED TO

S$50,000 DEPOSIT INSURANCE

pharoah88 ( Date: 05-Sep-2010 15:27) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUAN G

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 15:59

Straits Times Index / STI to cross 3000 boosted by long-term investors

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In vIew Of rIsk Of near tOtal lOss

and dIre Of near zerO Interest rate

bEttEr and safEr tO depOsIt In

GENTING TWINS ?

pharoah88 ( Date: 05-Sep-2010 15:45) Posted:

REVERSE ANNOUNCEMENT

TRUTH # FACT

100% DEPOSIT GUARANTEE

REDUCED TO

S$50,000 DEPOSIT INSURANCE

pharoah88 ( Date: 05-Sep-2010 15:39) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 15:54

Genting Sing / GenSp starts to move up again

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pharoah88 ( Date: 05-Sep-2010 15:37) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 15:53

User Research/Opinions / %%%% WORLD ECONOMIC SUMMIT %%%%

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pharoah88 ( Date: 05-Sep-2010 15:32) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 15:51

Others / TRADE FREELY & LiVE LONGER

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pharoah88 ( Date: 05-Sep-2010 15:31) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

Good Post Bad Post

05-Sep-2010 15:50

User Research/Opinions / &&&&&&&& PROFITS & PHILANTHROPHY &&&&&&&&

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TRUTH #### FACT

100% DEPOSIT GUARANTEE

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S$50,000 DEPOSIT INSURANCE

pharoah88 ( Date: 05-Sep-2010 15:30) Posted:

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

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05-Sep-2010 15:49

User Research/Opinions / ~~~~ CORPORATE GOVERNANCE ~~~~

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