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STI to cross 3000 boosted by long-term investors
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pharoah88
Supreme |
31-Jul-2010 17:31
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Jul 31, 2010Key conundrum'The crux of the problem is what to do with highly paid older workers and how to create opportunities for younger workers.' MS PAULINE MARGARET CHUNG: 'I cannot agree more with Minister Mentor Lee Kuan Yew's remarks yesterday ('Never retire') that there should not be an official retirement age. What is WRONG is the assumption that once we get older, we get slower and less productive and, therefore, should be paid less. The crux of the problem is really what to do with highly paid older workers and how to create opportunities for younger workers. It was much easier when there was an official retirement age, but with longer lifespans and the growing irrelevance of fixing an official retirement age (except for the purpose of cashing out pensions), many organisations may be stumped. Why don't organisations treat all their employees as contract workers? It sure beats generalising about the productivity of workers and paying them less when they reach a certain age.' Retirement is good 'The Government should promote an official retirement age, not pressure citizens about losing out if they do not continue working.' MR JOSHUA SELVAKUMAR: 'Retirement is not about getting oneself unplugged from the world and fading away. It is a stage when one should pursue new horizons. Are Singaporeans working all their life and not enjoying the rest they require to savour their life's toil? There is a time for everything in a person's life - to be born, to play, to study, to work, to start a family, to mature and to rest. Life isn't about how long one has lived, but how satisfying the experience was; it is not about vegetating once one stops working, but about how active one is after retirement. Retirement is the BEST stage of one's life, a time to rest from the rat race. Someone who has retired gracefully and sufficiently has planned his retirement well. In fact, the Government should continue to promote an official retirement age, to encourage Singaporeans to enjoy the fruits of their labour. It should not pressure citizens about losing out if they do not continue working.' Mindsets 'Too many employers regard workers as elderly and slow, inefficient and unproductive once they reach 45.' MS AGNES SNG: 'Too many employers regard workers as elderly and slow, inefficient and unproductive once they reach 45 years of age. This comes as no surprise when HDB fitness corners openly label exercise areas 'Senior Citizens' Fitness Corner' for people aged 45 to 60; when media reports imply that anyone who is aged 50 and above is 'elderly' and are peppered with phrases like 'the sprightly 50-year-old housewife', as if one is automatically arthritic and lumbering when one reaches that age. Unless this ATTITUDE is changed, mature people will never be able to work, as MM Lee entreats, as long as they can.' Exceptions 'Lower-income earners are better off retired.' MR SEAH LEONG KHAI: 'Not everyone can do what MM Lee suggests. Lower-income earners like cleaners or the self-employed, such as hawkers and taxi drivers, work after the retirement age because they have to. In fact, this group, whose work also involves physical labour, are better off retired once they grow older as carrying on will affect their health.' |
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pharoah88
Supreme |
31-Jul-2010 17:22
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ST ForumCreate more job openings for seniorsMINISTER Mentor Lee Kuan Yew's remarks in Thursday's report ('Never retire'), on the need to work for as long as one is able, are inspiring. http://www.straitstimes.com/The+Print+Edition/The+Print+Edition.html Jul 31, 2010NEVER RETIRE? REACTIONS TO MM LEE'S REMARKS
Create more job openings for seniorsMINISTER Mentor Lee Kuan Yew's remarks in Thursday's report ('Never retire'), on the need to work for as long as one is able, are inspiring. Many of us would like to keep on working for as long as we can. We want to remain active and be involved in significant work. We wish to continue to contribute and participate in challenging projects and experience enjoyable work. We want to be financially independent and we hope to continue to learn. However, job opportunities for seniors in Singapore are not great. Many organisations are slow to offer work to retiring staff. Discrimination against recruiting seniors persists and seniors must contend with negative social and community attitudes. In extreme cases, they are treated with condescension and considered unimportant. More action is required to help seniors to continue to work as long as they can. The following should be addressed: Without opportunities, it is difficult to work for as long as we can. With opportunities, we will see more seniors working and enjoying their retirement years. Zaibun Siraj (Ms) Jul 31, 2010Mistake to discard NDP classicsMY FRIENDS, colleagues and I share the same sentiments expressed in Mr Victor Khoo's letter on Thursday ("National Day songs: Pointless to have new ones every year"). The only songs that remain fresh in our minds are Count On Me Singapore, Stand Up For Singapore and We Are Singapore. The songs composed thereafter remain forgotten. It would be a challenge for new artists to inject life into the golden hits, singing in their own genre. But it is a mistake to discard these golden hits altogether. National Day is a day when all Singaporeans come together to celebrate the nation's independence day. How terrible it would be if most Singaporeans have to mumble through unfamiliar songs and, worst of all, give up singing altogether. For now, the only time everyone dares to sing with gusto is during our National Anthem. Leong Pui Ying (Ms) |
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pharoah88
Supreme |
31-Jul-2010 14:14
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CHEERS tO the pOOr ! BEST WAY to HELP the pOOr ? ? ? ? spIke the stI tO 3800 ? ? ? ? ALL the pOOr wIll be rIch ? ? ? ? |
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pharoah88
Supreme |
31-Jul-2010 14:10
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An activist Government focused on helping the pOOr: Tharman Leong Wee Keat weekeat@mediacorp.com.sg SINGAPORE Instead, Finance Minister Tharman Shanmugaratnam felt activist states will be best equipped to tackle this issue. “Activist states which intervene with spirit to promote social mobility, especially amongst the pOOr, that promote opportunity for their people, that free up competition and that are able to sustain optimism in the future.” Speaking at the Economic Society of Singapore Annual Dinner — and on the topic of achieving inclusive growth — Mr Shanmugaratnam noted that growing income inequality has been a worldwide trend in the past two decades. Singapore, too, has not been spared. The Gini coefficient — a statistical measure of income inequality — has risen from 0.41 in 1990 to 0.48 currently, even with various Government assistance schemes to help the less well off. While the Government aims to increase median income by 30 per cent in real terms the next decade, Mr Shanmugaratnam said: “We are very serious in wanting to ensure that incomes for the bottom 20 per cent keep growing in real terms and it means providing opportunities across the board and investing in every Singaporean — their skills, their attitudes, their abilities to operate.” He outlined three strategies which the Government has undertaken and will continue to do. They are investing in education, making the labour market a safety net for workers and encouraging self-reliance among Singaporeans. Mr Shanmugaratnam said the Government will also look at further incentivising philanthropy and bringing wider community partners in to help build social cohesion. He added the Government would “keep evolving” and “avoid dogma” in its quest for inclusive growth. So, rather than merely focusing on social transfers, the Government will also look to improve Singaporeans’ skills and build up their assets that the market driven economy provides. “Not a small-minded government, but an activist Government — focused on helping the pOOr and building up their capability and assets, and always remaining pragmatic because we could never get it right for all time,” Mr Shanmugaratnam said.
We are very serious in wanting to ensure that incomes for the bottom 20 per cent keep growing in real terms (by) providing opportunities across the board and investing in every Singaporean. Finance Minister
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pharoah88
Supreme |
31-Jul-2010 13:11
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pharoah88
Supreme |
31-Jul-2010 13:09
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DBS is POLE-DANCiNG to SHAREHOLDERS and STi ? ? ? ?
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pharoah88
Supreme |
31-Jul-2010 13:06
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mOre WRITE OFFs for DBS ? ? ? ? RECALL MM LEE's Banking Hint ? ? ? ? UOB to take over DBS and OCBC ? ? ? ? MERiTOCRACY WiNNER TAKES ALL
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lowchia
Veteran |
31-Jul-2010 12:27
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Technical Analysis on STI STI index has failed to breakout of the major resistance at 3000 on Friday with investors choose to cash in profit though the selling pressure is moderate. Important points to note 1) In weekly charts, a spinning top occurred to reaffirm that the rally has lost the momentum when STI hits the major resistance. 2) The trading volume continued to increase as the earning reports excite the investors. 3) MACD and RSI indicators are bullish as both indicators continued to trend upwards 4) STI is currently sustained by major technical support at 2959 5) Monitor the major resistance at 3000 since STI may break new highs if the resistance is breached. Important resistance of STI: 3000 (Daily charts) Immediate Support of STI: 2959 (Daily charts)CLICK TO READ COMPLETE REPORT MY tactics: As mentioned in last weekly outlook, STI 3000 has proven to be a tough nut to crack. Although we do not feel it is time to take profit off table but do look out for any major pullback or strong break out in next week. |
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nickyng
Supreme |
31-Jul-2010 10:10
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err..so wat's ur message here????
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iPunter
Supreme |
31-Jul-2010 10:01
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One must never be a bull or bear and contentiously think one is sure to "bao jiak" (as in the durian trade)... Inother words, one must always be open to both possibilities at all times... Only then will one be a mature trader/investor, fund manager, or advisor, or whatever ... Agree with me? hehehe... ![]() |
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des_khor
Supreme |
31-Jul-2010 01:39
![]() Yells: "Tell me who is the God or MFT from this forum??" |
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Bull and bear fighting !
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teeth53
Supreme |
30-Jul-2010 22:45
![]() Yells: "don't learn through life, learn to grow with life " |
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http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=5976&msgbdName=Others&topicTitle=GIC%20and%20Temasek http://business.asiaone.com/Business/News/Story/A1Story20100730-229537.html This is the second major writedown on the Hong Kong business since 2005. The latest charge brings down the value of its Hong Kong operation to 2.2 times from a previous 2.5 times book. DBS tookover Dao Heng bank in an expensive $5.8 billion deal. "DBS could have written down more on Dao Heng," said Sanjay Jain, a regional banking analyst at Credit Suisse. He estimated that the Hong Kong unit was still carrying a good will of 4.5 billion, against a book value of $3.8 billion on DBS's books.
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cathylmg
Elite |
30-Jul-2010 22:33
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Will it cross over decisively next week? ![]() |
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beruangface
Senior |
30-Jul-2010 16:34
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You have to ask the External Auditors of DBS on why they are signing off yearsof financial statements without impairing the goodwill, and of course they will argue with you on the criteria for impairment of goodwill under Singapore FRS 36, it's all in the accounting standards i.e. Corporation Law..cant do much, a boy used to ask why only the goalkeeper is allowed to use hands while the rest of the soccer players can't do the same thing? I told him this is soccer, unless someone powerful enough to change the law of game
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boyikao3
Master |
30-Jul-2010 16:22
![]() Yells: "Money or reputation ?" |
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New and huge Erections are all around us in Singapore, especially by HDB - new erections of buildings ! ![]()
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Laulan
Master |
30-Jul-2010 16:20
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Wa a lan, everyone kiasu, kiasi or become a seckia (no english word for it, smart son? cautious son?) (opposite from gongkia). But you don't buy I don't sell, and if you don't sell I don't buy, endless wait. Like this remisier eat grass already. If remisier eat grass, brokerage firm will eat glass. Hahaha. No trading, tax office also eat glass. Hehehe. |
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ozone2002
Supreme |
30-Jul-2010 16:18
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u want boyikao to show u a visual demonstration rite? don't be shy la..hahahaha
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pharoah88
Supreme |
30-Jul-2010 16:17
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Hulumas
Supreme |
30-Jul-2010 16:08
![]() Yells: "INVEST but not TRADE please!" |
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What does ERECTION mean here?
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ozone2002
Supreme |
30-Jul-2010 15:57
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tell that to the opposite sex..i'm sure u won't get some..haha
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