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Road to recovery in next 1-2 years
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AnthonyTan
Elite |
09-Apr-2012 09:09
Yells: "patience" |
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Wat's d price to u is cheap cheap?????????
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coocoobond3
Senior |
09-Apr-2012 09:04
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waiting to collect cheap cheap... cheaper than my previous buys.. cheaper than wat my frens bought... haha :) Come !!! Sell to me... i had saved enuff $$ :) |
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coocoobond3
Senior |
09-Apr-2012 04:46
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MM Lee on PAP losing power: That day will come SingaporeScene - Tue, 15th Mar 2011 07:54 AM Minister Mentor Lee Kuan Yew, the founding leader People's Action Party's (PAP) has predicted its rule of Singapore will come to an end one day. In a new book to be launched on Friday, the 84-year-old founder of modern Singapore said he has no illusions about his legacy and the future of the ruling PAP, which he led for 38 years and which has been in power since 1963. " There will come a time when eventually the public will say, look, let's try the other side, either because the PAP has declined in quality or the opposition has put up a team which is equal to the PAP and they say, let's try the other side," wrote Mr Lee in his new book. " That day will come," he said. " No system lasts forever, that's for sure. In the next 10 years to 20 years, I don't think it will happen. Beyond that, I cannot tell. Will we always be able to get the most dedicated and most capable, with integrity to devote their lives to this? I hope so, but forever, I don't know," he said. He gave the example of the Japanese Liberal Democratic Party, which held power from 1955 to 2009, with an 11-month interruption from 1993 to1994, as an example. He said its downfall was in part because it " carried on with old ideas" . Mr Lee, who now remains on PAP's central executive committee after serving as PAP party leader until 1992, revealed his concerns in a series of candid interviews with journalists from The Straits Times. The interviews are published in a new book " Lee Kuan Yew: Hard Truths To Keep Singapore Going" which will be launched on Friday at St Regis Singapore. Mr Lee said the change in government could take place suddenly if PAP leaders splits " either for reasons of principle or personality" . Or it could happen over time, if the PAP declines in quality or if the opposition assembles a team equal to the PAP. He said, " If the decline in standards happens gradually, an opposition of quality will be launched. The public can sense it. If it is sudden, well, you're landed with an emergency, and unless a credible team emerges, the country will start to go down the drain." But despite his concerns, he was confident Singapore would survive a handover to another party because of the safeguards in its political system. These include the elected presidency, free and regular elections and a bureaucracy separated from the political leadership. " If we are voted out, the system is still working," he said. " The new government cannot frivolously change the top men with its own sycophants nor spend the country's past reserves without the President's consent. They need to govern within these rules." He pointed out that it was this projected shift in power some day that prompted the PAP to start the safeguards in the first place. Growing wage gap a 'government concern' Mr Lee also singled out the growing wage gap as a potential source of trouble for the PAP, explaining that it could spark class interests. " There could come a time when the interest of the upper middle class will be divergent, that they don't think they should subsidise the lower classes. They may well support a party which says, 'No I don't think this taxation is right. Why should I support the people in the two-room and three-room and four-room flats?' We will widen the divide in our society. I don't know when, but it will come," he said. He explained this was why the Government payed special attention to cater to the needs of those in the lower-income groups. Otherwise, it may result in the entrenchment of a " disaffected, discontented and rebellious" underclass like in America might result, he added. However, Mr Lee insisted that attempting to solve these problems with welfare payments, like many European countries, would not work in Singapore. " We will not perform," he said. Instead, he said the PAP redistributes enough to secure the support of more than half the electorate, but not to the point where the country loses its competitive drive. " So you say to me, the chaps at the bottom will become anti-government. Do we change because of that or do what we say, 'Right, we are likely going to lose that number of votes each time and so we've got to win from the median upwards'? I mean, that's politics," he added. On democracy When probed for his views on liberal democracy, Mr Lee revealed he was not convinced that democracy is superior. If it was clearly better, it would " take over the world" , just as the market economy has, he said. However, he did admit that democracy's attraction lay in its allowing of non-violent changes of government. So, would an independent commission prevent gerrymandering? Mr Lee said Singapore had " one-tenth the gerrymandering others have done" , even in countries with independent elections commissions. Despite acknowledging that the PAP would lose power one day, he dismissed the suggestion that the PAP should therefore assist the opposition. He quoted from a note younger ministers which said, " If voters elect more opposition MPs, so be it. But we do not believe that helping to build an opposition, to buy insurance in case the PAP fails, will work. Instead, it will lead to party politicking and distraction from long-term issues." | ||||
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coocoobond3
Senior |
08-Apr-2012 15:53
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Education easily $300k for local university and $1Million dollars for each undergrad... Everything Cheong ahhh ... Whoever stop FTs coming will need to repent, we need them to pass some burdens to them.. Haha :) | ||||
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coocoobond3
Senior |
08-Apr-2012 15:51
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Education fees will be $50,000 in year 2016... Super inflation... Housing / car / education always move in tandem!!! Education sector Cheong ahhhhh :) | ||||
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coocoobond3
Senior |
04-Apr-2012 22:59
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Waiting ..... | ||||
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jovenus
Member |
04-Apr-2012 21:46
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Even if lost $ in this counter , Informatics will not get the money from the share trading . Only charity for other shareholders not Informatics. Makes me think why Peter Lim bought his shares from open market , and not through placement shares. If Informatics offers share placement to Peter Lim, he could get at much lower price , plus Informatics can get more cash and the shares will shot up any way . Resistance from other share holders ?.
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niuyear
Supreme |
04-Apr-2012 21:16
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Never make $$ from this stock? Take it as 'charity' lar.... Peter Lim make $$ then fund the 'University students scholarships'................. Hows that?? |
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coocoobond3
Senior |
04-Apr-2012 01:39
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Zzzzzzzzz | ||||
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coocoobond3
Senior |
22-Mar-2012 15:57
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Cheong | ||||
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bryancbq
Master |
22-Mar-2012 11:30
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hahaha. i hand itchy ley. feel like buying. mmm
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coocoobond3
Senior |
22-Mar-2012 11:25
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Chiong ahhhh | ||||
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coocoobond3
Senior |
22-Mar-2012 09:48
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Shot ahhhhhh | ||||
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bryancbq
Master |
21-Mar-2012 16:42
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hahaha. that is very true! I shall wait patiently with you for the price to come down first. haha. better to miss the boat than get on the wrong boat.
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coocoobond3
Senior |
21-Mar-2012 16:01
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beliff or not up to u all... normally BBs play up, trap those buyers... then surely sell it down... then this time we can slowly accumulate... not need to rush as the BBs need to buy back some shares too... so automatically they will force all the price to be down jialat jialat... my entry price is as low as possioble... if possible, make it 0.01 ct or 0.005, i buy 1000 lots :) take it as throw down the drain.
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coocoobond3
Senior |
21-Mar-2012 15:50
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more and more sellers sure break for sure... :) | ||||
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coocoobond3
Senior |
21-Mar-2012 15:32
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nah beh... must wait longer... who the jokers put so many buyers at 0.085... wait till sti crashed another 30 pts then hor say... sure give way :) |
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cathylmg
Elite |
21-Mar-2012 15:10
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Buyer out numbered sellers.
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coocoobond3
Senior |
21-Mar-2012 14:00
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cant u see.. more and more sellers... waiting very patiently :) | ||||
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cathylmg
Elite |
21-Mar-2012 13:25
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Urrr, infomatics cannot short leh.... Anyway, as I said earlier, below 9 buy, above 9 sell. Still in this mode... DYODD... :D
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