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I saw genting moving upwards today opposing the STI.. wats up with it?
Delegates call for ‘fair but tough’ stand against MBS
Teo Xuanwei
xuanwei@mediacorp.com.sg
SINGAPORE
At its annual general meeting yesterday afternoon, German lawyer Axel Reeg raised a motion for the event’s organising committee to take a “fair but tough stand” on the fees to be paid to MBS.
“The venue that was presented to us was that it was going to be world-class.
But sad to say, it has not been world-class, maybe not yet,” Dr Reeg said.
“Maybe ‘Marina Bay’ should be renamed ‘Construction Bay’ instead.” He went on to list the “substantial deficiencies” that the 1,100 delegates saw over the four-day event, and which MediaCorp had first reported.
Numerous delegates promptly seconded Mr Reeg’s motion, but some differed.
One also said that confrontation was not the “Asian way”. Agreeing with this, the bar association’s secretary-general Gerald Sumida said the organisers could be left to “decide on the appropriate and/or necessary actions” without a motion.
Dr Reeg subsequently withdrew his motion. But he told MediaCorp there should be “substantial discounts for the lack of perfection” in MBS’ facilities, as it had “somewhat tarnished the success of the conference”.
Several delegates staying at the hotel at MBS had complained — among other things — about power failures, being stuck in lifts and of air-conditioners in their rooms which did not work.
IPBA conference chair Lee Suet Fern told reporters after its AGM that she had received “numerous” feedback about “clearly sub-standard” facilities.
“We’re greatly disappointed, as it’s sad that because of the deficiencies at the site, Singapore was let down. It reflected very badly on Singapore,” she said.
Asked what the bar association intended to do next, Mr Yap Wai Ming, who is part of the host committee, told MediaCorp:
“We’ll take a few days to take stock of the situation and find a solution which we think is reasonable and fair.”
Meanwhile, MBS is said to have asked the bar association’s organising committee to pay an additional $250,000 for improvements that had been requested to be made to the conference hall’s lights and sound system before the conference’s opening day.
Minister Mentor Lee Kuan Yew, who spoke at the event last Sunday, was among the speakers.
MBS did not mention then that would be extra charges as a result of the request, sources said. When contacted, an MBS spokesperson declined to comment on this, citing client confidentiality reasons.
— Their conference at Marina Bay Sands (MBS) has come to a close, but the chapter has not ended for the Inter- Pacific Bar Association (IPBA).
Why??????Forget abt $1.30 for the time being.
Wat do u expect from 1Q 2010 result:
1.Profitable, so wat?????? maybe. No dividend or other
benefits for shareholders. Why bother abt 1Q result.
2. Remember start up plus other costs r very high.
3. Financial woos around the world. Very serious problems
Not out of the wood yet.
4. Many many more to be listed here.
Laulan ( Date: 06-May-2010 10:14) Posted:
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How many times I told you not to short this counter? Don't play play. If you want to short, short above $1.30. Hahaha.
AnthonyTan ( Date: 06-May-2010 10:10) Posted:
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Several issues at Marina Bay Sands are “out of sync” with current practices, said meetings, incentive, conventions and exhibitions organisers. Parking charges and onsite exhibition handling were among those raised by a 25 member strong Singapore Association of Convention and Exhibition Organisers and Suppliers delegation — led by its president Edward Liu — when they met MBS senior management last Friday.
At that meeting, MBS agreed to revised its parking charges — and instead of $8 per hour from 7am to midnight — it is now $8 for the first hour, and $2 for every subsequent half-hour. Parking is now also capped at $28 for a 24-hour period.
Hotel guests are charged $15 a day.
Another grouse was also raised by the industry: MBS which has acquired its own lifting equipment — also requires organisers’ freight handlers to lease them for “onsite handling (of exhibits) within the exhibition hall”, said Mr Liu. But the norm is for organisers to appoint a freight forwarder, which will hire the equipment and factor this cost into total charges.
Hiring MBS’ equipment would entail advance booking and extra fees, he said.
Besides unwanted extra charges, Mr Liu asked if “(MBS) can satisfy demand of all the forwarders if everybody should require lifting on certain days, at certain times?”
When contacted, MBS declined to comment, citing privacy of discussions.
Neo Chai ChinIs MBS ‘out of sync’?
Caught up in the rush
fellow player in the meetings, incentives, conventions and exhibitions industry, we can understand the current situation at MBS.”
Teething problems are inevitable at new venues, said Mr Edward Liu, president of the Singapore Association of Convention and Exhibition Organisers & Suppliers.
While technical glitches should be minimised, “sometimes it’s beyond human control”, he said. But “as professionals, we should not give excuses. We have to ensure everything ought to be done properly — check, check and double check”, he said.
Mr Liu, who is also group managing director of conference and exhibition management services, said his company will be holdingthe Glasstech Asia 2010 show at MBS in late June. Over 120 exhibitors from countries like Italy, Germany and Taiwan will be participating, and “a good number” will be staying at MBS’ hotel. His company will work with MBS to ensure potential issues are resolved “in good time”.
Preparations for another event, the Sound Light Visual Expo, to be held at MBS mid June are “on track”, said its organiser Unusual Exhibition Services.
When asked what improvements or tests would be carried out after the bar association conference, an MBS spokesperson said the IR is putting “every effort to ensure that situations commonplace in all new operations are minimised and resolved promptly”.
Reflecting on its opening experience, RWS spokesman Robin Goh said the phased opening — starting with the ChildAid concert in December last year — provided “enough time to concentrate on opening an aspect of the resort at a time”.
RWS has since ironed out many initial kinks and is now focused on providing outstanding customer service, said Mr Goh, its assistant communications director.
LESS HAS TE, MORE SPEED PRE VIOUS LY
The resorts’ approach contrasts with the more cautious stance taken by Singapore’s other conference venues in the past.
Singapore Expo opened in 1999 with six halls spanning 60,000 sq m. It added four halls and the Max Pavilion in 2005, bringing indoor hall space to 100,000 sq m. Suntec Singapore held its first event in April 1995, three months after obtaining its temporary occupation permit — providing the opportunity to do trial runs, stress tests, simulation exercises and scenario role-play, said Ms Anjna Nihalani, its marketing and communications director.
Given time, however, industry players believe the IRs will generate positive buzz for Singapore. “I’m bullish that the two IRs will put Singapore in good stead,” said Mr Liu.
pharoah88 ( Date: 06-May-2010 10:17) Posted:
Severe Acute CINE Syndrome [SACS]
Caught up in the rush
Neo Chai Chin
chaichin@mediacorp.com.sg
SINGAPORE
Now, it is Marina Bay Sands (MBS), with power failures and hotel guests stuck in lifts, which MediaCorp first reported.
So, did the two integrated resorts do themselves a disfavour by rushing to open?
Branding consultant Jorg Dietzel thinks so: The rush to open was “bound to hurt both brands”. He added: “The resorts are unwittingly creating bad experiences, which lead to negative word of mouth.”
The malfunctions at MBS, for example, are “damaging the brand before it has even been properly established”, said Mr Dietzel, who is also Adjunct Faculty at Singapore Management University.
It is possible, he thinks, that the damage could extend to the Singapore brand.
Delegates at the Inter-Pacific Bar Association’s annual conference at MBS could leave with the impression that “not everything in Singapore runs as smoothly as they were led to believe”, said Mr Dietzel. — First, it was Resorts World Sentosa (RWS), which experienced crowd control problems when its casino opened and had to shut its Battlestar Galactica roller-coaster ride a week after Universal Studios Singapore opened.
SOME SNAGS INEVITABLE ?
Other industry players were more forgiving and optimistic.
Said Ms Natalie Leung, public relations manager of Singex Venues, which manages the Singapore Expo: “As a
Have the IR s damaged their brands? |
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Severe Acute CINE Syndrome [SACS]
Caught up in the rush
Neo Chai Chin
chaichin@mediacorp.com.sg
SINGAPORE
Now, it is Marina Bay Sands (MBS), with power failures and hotel guests stuck in lifts, which MediaCorp first reported.
So, did the two integrated resorts do themselves a disfavour by rushing to open?
Branding consultant Jorg Dietzel thinks so: The rush to open was “bound to hurt both brands”. He added: “The resorts are unwittingly creating bad experiences, which lead to negative word of mouth.”
The malfunctions at MBS, for example, are “damaging the brand before it has even been properly established”, said Mr Dietzel, who is also Adjunct Faculty at Singapore Management University.
It is possible, he thinks, that the damage could extend to the Singapore brand.
Delegates at the Inter-Pacific Bar Association’s annual conference at MBS could leave with the impression that “not everything in Singapore runs as smoothly as they were led to believe”, said Mr Dietzel.
— First, it was Resorts World Sentosa (RWS), which experienced crowd control problems when its casino opened and had to shut its Battlestar Galactica roller-coaster ride a week after Universal Studios Singapore opened.
SOME SNAGS INEVITABLE ?
Other industry players were more forgiving and optimistic.
Said Ms Natalie Leung, public relations manager of Singex Venues, which manages the Singapore Expo: “As a
Have the IR s damaged their brands?
How many times I told you not to short this counter? Don't play play. If you want to short, short above $1.30. Hahaha.
AnthonyTan ( Date: 06-May-2010 10:10) Posted:
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Waiting to short lol
with wisdom and patience....hopefully wisdom will turn into kachings ....
iPunter ( Date: 05-May-2010 21:26) Posted:
For being totally frank and honest, you deserve the best beverage I can find in my fridge!... Anyway, you are already way ahead of many in terms of wisdom...
hehehe... 
matrixneo ( Date: 05-May-2010 21:20) Posted:
| haha...thanks iPunter..you are talking to one of the pok one now...haha...erm...so do I earn another Carlsberg? Erdinger Dark can?
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For being totally frank and honest, you deserve the best beverage I can find in my fridge!...
Anyway, you are already way ahead of many in terms of wisdom...
hehehe...
matrixneo ( Date: 05-May-2010 21:20) Posted:
haha...thanks iPunter..you are talking to one of the pok one now...haha...erm...so do I earn another Carlsberg? Erdinger Dark can?
iPunter ( Date: 05-May-2010 16:14) Posted:
Great post, Matrixneo...
But as you speak, many are already "pok!" ...
and holding onto huge loads of blue chips acquired in suchly manner...
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haha...thanks iPunter..you are talking to one of the pok one now...haha...erm...so do I earn another Carlsberg? Erdinger Dark can?
iPunter ( Date: 05-May-2010 16:14) Posted:
Great post, Matrixneo...
But as you speak, many are already "pok!" ...
and holding onto huge loads of blue chips acquired in suchly manner...
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I can relate to this...its like the hokkien saying...if one is unlucky...rear bird become cock. :D
freshmind ( Date: 05-May-2010 16:09) Posted:
Life is cruel. If we don't buy more, we can't cover back the lost we have in faster speed but once we buy, it keep dropping and lose in triple speed, at the end, lost of direction...
matrixneo ( Date: 05-May-2010 16:04) Posted:
this is so true...let me share with my real stories of averaging down for both myself and my ex-colleagues: We werent any experience traders...so see others buy we buy, others average down we follow blindly. But ask yourself, how much can you average down? When will be the time you quit averaging down? Do you have enough firing power? The stocks we went in were famous blue chips which went from S$5 to $3 within a year...after averaging down, went down further $1 and become one of the penny stocks...now the co has been taken over by some foreign tycoons and have since delisted. Same for unit trusts. Some agents keep advising averaging down prices but what happened to some of the counters? Also closed. So do it with a limit if you must. The same advice goes "trade with brain and not heart" Cheers |
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hahaha...
This is just the way it is...
And has always been...
True, no rush to buy especially close to weekend already, must get a good price so can keep the shares in safety box and sleep well. Anywhere, this counter may perform better gradually amid the noise and confusion from different players...
AK_Francis ( Date: 05-May-2010 16:45) Posted:
Ha ha, since during AGM Ah Thay didn't reveal the expected profit, AK opines that using abacus much easier loh, plus a bit of guessing game liao.
Since d main bulk of profit is attributed to gaming outlets, lets use them loh. Says, its profit turn over daily is ard 3.5mil, ref CNY.
1st Q as at 31 Mar, after 46 days of business. Total est profit 46x3.5=161mil. Now, take the avg IH 08 & 09 profit turnover, including UK ops, deriving of Qtr losses of avg 21.6mil.(ref IH08 profit 4.2mil & 09 lost 86.2mil/4). Hence, seem like hv good net profit ds time round, with guesses lah.
If till 12 May, total profit made(daily profit turnover must be more lah, owing business improved greately loh) would be 88 x 3.5 mil =308mil or more liao. Wah, 没 马 走， no horse run.
Px frustuated definitely not no making money. D EU debt crisis attributed the knee jerking reaction. By domino effect DJ kana hit as well. Even 88 or 70 to buy, your call liao. Be vigilant to look ard the market sentiment n other real business facts loh, no hurry one, again, jangan tention dan kanchiong.
Above r just beer talk, for ref only. Many tks for Ip umpteen Carlsberg offer, since Day One in d forum. Cheers.
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You are presuming that fact. Time will tell and time should tell. Your presumption is the market today is telling what happened 6 months ago? This is reverse fortune telling. If it is telling what is going to happen in 6 months time, then it is forward looking. Why is it so?
Ha ha, since during AGM Ah Thay didn't reveal the expected profit, AK opines that using abacus much easier loh, plus a bit of guessing game liao.
Since d main bulk of profit is attributed to gaming outlets, lets use them loh. Says, its profit turn over daily is ard 3.5mil, ref CNY.
1st Q as at 31 Mar, after 46 days of business. Total est profit 46x3.5=161mil. Now, take the avg IH 08 & 09 profit turnover, including UK ops, deriving of Qtr losses of avg 21.6mil.(ref IH08 profit 4.2mil & 09 lost 86.2mil/4). Hence, seem like hv good net profit ds time round, with guesses lah.
If till 12 May, total profit made(daily profit turnover must be more lah, owing business improved greately loh) would be 88 x 3.5 mil =308mil or more liao. Wah, 没 马 走， no horse run.
Px frustuated definitely not no making money. D EU debt crisis attributed the knee jerking reaction. By domino effect DJ kana hit as well. Even 88 or 70 to buy, your call liao. Be vigilant to look ard the market sentiment n other real business facts loh, no hurry one, again, jangan tention dan kanchiong.
Above r just beer talk, for ref only. Many tks for Ip umpteen Carlsberg offer, since Day One in d forum. Cheers.
Thanks.
You too have great postings.
iPunter ( Date: 05-May-2010 16:33) Posted:
Another good post by Alexchia01 ...
Especially the part about discounting and leading by the market...
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Another good post by
Alexchia01 ...Especially the part about discounting and leading by the market...
Generally, the stock market in 6 months ahead of the economy.
What you have mentioned has already reflected in last year's stock market rally.
Now, the stock market is looking at the potential crisis that may arise from Europe debt ridden countries.
Hence the current sell down.
The future will be optimistic if the current situation can be resolved smoothly.
Laulan ( Date: 05-May-2010 16:12) Posted:
Generally, I think you should buy now because it is not easy to find a time like this when the global financial status is moving upwards because of some of the following reasons: The economic machine is learning and moving away from a trough experienced in recent years, eg. lehman, iceland, thailand, greece. Positive contributions of the economy from Chinese economic expansion not forgetting India's to include are prevailing. USA grows smarter in dealing with problem areas not clearly seen before. Thankfully pitholes being constantly looked out for could be avoided or tackled, and solutions are created continually as it tackles the "unhidden enemy" that once upon a time could be treading very stealthily. Of course I am looking at the optimistic view. I hope I am not wrong, and there are many good reasons around too lengthy to elaborate. Cheers.
freshmind ( Date: 05-May-2010 15:51) Posted:
| The share prices in most of the counters are falling down... Is the right time to buy or hold till July 2010??? Anyone please advice...thank you.
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Both of you are right. Currently, many counters' shares are stuck there without further movement. Any correction is just too narrow and any profit from buying at current price level is just too little. May be I have to learn to be patient and discipline in order to buy good shares at good price for covering the lost I have when I was too panic to follow in hot market.
