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teeth53 thot - Was thinking it is helping themself or try saving themslef ??. Just wondeenig GISisk and Temasick is invlove or not ??.
http://business.asiaone.com/Business/News/Story/A1Story20100509-215115.html
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Hong Kong's IPO market -- the biggest in the world last year has hit the brakes with several companies shelving share sales as the Greek debt crisis pounds global markets. Swire Properties, a major real estate developer in the city, Thursday pulled a planned 3.09-billion US dollar share sale, just two days after Giti Tire, China's largest tyre maker, shelved a 500-million dollar initial public offering. On Friday, iron ore producer China Tian Yuan halted its 522-million dollar issue, Dow Jones Newswires reported, citing an unnamed source. The shelving of the IPOs comes as British insurer Prudential on Wednesday delayed launching a rights issue in London aimed at helping it fund a 35.5-billion-dollar takeover of AIA, the Asian arm of troubled US insurer AIG. Prudential, remains in talks with Britain's financial sector regulator over the deal, said that its planned listings on the Hong Kong and Singapore exchanges would also be delayed. |
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(A smaller fish has just gulp, a bigger fish, now is groaning, just wondering how long will be the delay ?, the longer - the worst. D smaller fish will have to pay a higher price.)
It is to their interest. EU interest to see that, as
http://sg.news.yahoo.com/afp/20100508/tts-eu-finance-economy-509a08e.html
BRUSSELS (AFP) - EU raced on Sunday against an Asian clock, hoping to lift financial markets with a new crisis fund for debt-saddled EU economies, backed by "gesture" fm their central bankers.
EU finance ministers gathered to nail down a "watertight" defence against predatory threats to euro governments, commercial banks and wider economic recovery, Brussels officials scrambled to fill in the blanks.
An EU diplomat told AFP that a kind of "bank" would be set up with unused funds from the bloc's budget, which would then serve as "base capital on which to borrow 60-70 billion euros (up to 90 billion dollars) on the bond market." As, Britain cannot support EU stability fund: Darling
Guarantees offered by member states would see the interest rates kept low, the source stressed.
That translates into a mini-European version of the International Monetary Fund, which German finance minister Wolfgang Schaeuble pushed for during negotiations on an already unprecedented 110-billion-euro bailout for Greece, the origin of a worsening debt crisis.
Euro cant stay low for long. :) EUropean leaders dont need IMF's help,
EU to Set Up Fund to Prevent Spread of Greek Crisis (Update2)
By James G. Neuger and Gregory Viscusi
May 8 (Bloomberg) -- European leaders agreed to set up an emergency fund to halt the spread of Greece’s fiscal woes, seeking to prevent a sovereign debt crisis from shattering confidence in the 11-year-old euro.
....When the markets re-open Monday, we will have in place a mechanism to defend the euro,” French President Nicolas Sarkozy said. “If you don’t think that’s significant, you haven’t been to many EU summits.......
niuyear ( Date: 07-May-2010 13:01) Posted:
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hahaha! we are all 'Ministers and Prime Minister' infront of our own screens............Laulan ( Date: 07-May-2010 12:50) Posted:
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IMF will jump out suddenly and help all the Greekssssssss.........if not, GIC / Temasek help. LOL!
Singapore has nO prOtOcOl ? ? ? ?
fOr fOreign Affairs ? ? ? ?
fOr Embassy Governance ? ? ? ?
pharoah88 ( Date: 07-May-2010 12:39) Posted:
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P E R F E C T
C O N C L U S I O N
junction ( Date: 21-Feb-2010 16:55) Posted:
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Ionescu asks for cancellation of arrest warrant
The former charge d’affaires at the Romanian Embassy in Singapore, Silviu Ionescu, asked the Bucharest Court of Appeal on Wednesday to cancel the arrest warrant against him.
Romanian media
Ionescu is wanted in connection with two hit-and-run accidents in Singapore last December that left one person dead.
The 50-year-old also expressed his confidence that he won’t be brought to trial over the case as prosecutors lack evidence against him.
Romania’s
Last month, he filed a lawsuit against the state of Singapore, asking for the cancellation of the arrest warrant issued on April 9.
Nine O’clock reported that he wanted it cancelled as the warrant has prevented him from leaving the country.Mediafax also reported that the country’s prosecutors had called on the courts to reject Ionescu’s request describing it as unacceptable. The court has yet to make a decision.Saifu lbahri Ism ail
Are there such things as :
Deputy Father or Mother or Brother or Sister ?
Vice Father or Mother or Brother or Sister ?
Assistant Father or Mother or Brother or Sister ?
Associate Father or Mother or Brother or Sister ?
? ? ? ?
pharoah88 ( Date: 24-Apr-2010 13:33) Posted:
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Even with aid package from EU and IMF it may be difficult for Greece to pull itself out cause EU/IMF are just subsidising a big sovereign deficit cashflow since the economic structure remains beyond repair due to its big debt burden. Nothing really change on the economic front. But on the social front, IMF tough guidelines will create civil unrests due to cut in wages and cut in public spending that will later on drive the domestic economy into deeper recession.
What the country needs is to move away from the Eurodollar and adopt an independent national currency while still remains in the EU.
This way the economy will then start to heal on its own based on its independent exchange rate mechanism as a lower Greek currency against the Eurodollar will improve its exports to EU and rest of the world. The national economy will then expand without having to cut wages and creating social unrest. Any EU aid package can then be used for infrastructure expansion to create jobs and multiply wealth without having to directly plug a deficit cashflow position. In this way a growing Greek economy can then start to repay any aid package.
When the Greek currency is on par with the Eurodollar then this is a signal that Greece is ready to rejoin the Eurodollar.
The same solution can then be applied to the remaining ailing EU economies of Spain, Portugal, Italy and Ireland.
teeth53 ( Date: 05-May-2010 22:20) Posted:
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http://sg.news.yahoo.com/afp/20100506/tts-spain-greece-finance-economy-509a08e.html
Spain in eye of storm on Greek contagion fears
MADRID (AFP) - – Spain emerged as a litmus test for the eurozone as stocks slumped on Wednesday and authorities sought desperately to dispel fears that the Greek debt debacle would infect the fragile Spanish economy. "There is no need to propose financial assistance" for Spain, the EU's Economic Affairs Commissioner Olli Rehn said in Brussels.
"No, we'll not do it," he added, when asked whether the eurozone would be forced to put together the kind of multi-billion euro loan rescue package for Spain that it is organising for debt-ridden Greece.
The borrowing costs of Spain, Greece and Portugal also rose on Wednesday as investors demanded higher interest rates to hold their debt.
The fall extended losses from Tuesday when the index closed down 5.41 percent on rumours, denied by the government, that Madrid would ask for a 280-billion-euro (364-billion-dollar) bailout from the International Monetary Fund.
Spain remaining a major economy still in recession, with an unemployment rate that topped 20% in the first quarter, the highest in the 16-nation eurozone.
Spanish economy especially vulnerable to the global credit crunch because growth relied heavily on credit-fuelled domestic demand and a property boom boosted by easy access to loans that has collapsed. The socialist government announced a 50-billion-euro (66.5-billion-dollar) austerity package this year as part of its drive to slash public deficit from 11.2 percent of gross domestic product in 2009 to the eurozone limit of 3.0 percent by 2013.
http://sg.news.yahoo.com/afp/20100505/tts-eu-eurozone-greece-economy-growth-fo-509a08e.html
BRUSSELS (AFP) - – Europe's economic recovery will gather speed this year, new EU forecasts said on Wednesday, but only if markets do not target Spain or Portugal the way they have struck at debt-ridden Greece.
However, Brussels voiced concern at the potential for a domino effect on financial markets which have battered Greece for months, bringing down the value of the euro against the dollar, and subsequently turned their sights on Spain and Portugal. The fear of contagion constitutes a genuine "threat to financial stability for the European Union and its economy as a whole,"
Brussels now forecasts a 3.0-percent contraction of Greek gross domestic product (GDP), a radical revision compared to the 0.3 percent drop foreseen last November, with recession there now expected to last right through 2011.
However, Spain is also suffering from the highest unemployment rate in Europe, almost twice the EU average which is preeicted to rise to 10.3 percent this year and 10.4 percent next year.
Italy is also considered in choppy waters, underlined by a heavy debt ratio pegged at 118.2 percent for 2010, comparesd to the eurozone average of 84.7 percent.
teeth53 thot - Tell this to MAS S'pore, they EU is certain, is very optimistic, but.
- Saving and Saved and shall be save and safe for rainy day.
Can Greece made it - Yes, with EU help, but not w/o pain. refering to US budget cut
Goodbye, stimulus. Hello, budget cuts (same sympathy, same symptom, doing it in different style).
Thk Qs, that same msg goes to U, just would like to spend sometime to share my thot.
Win - Happy / Lose be contented. Got win some, let others win as well.
This Terma-sick bond, then Greek debt, US following, is cutting back, different is US can afford to print unlimited US dollars as it peg for to world trading system, unlike Greek
iPunter ( Date: 05-May-2010 13:50) Posted:
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No leh....heard about the ship story....here goes....if Greece is a ship then Singapore is also a ship and so forth.
People in the ship afraid of seasick, so they tied their ships with eachother......more stable they think.
Only ship like North Korea are stupid....don't want to tie lor.
Then the fire started at ship Greece and the rest is history.
Heard this lorry before.....
nickyng ( Date: 05-May-2010 13:51) Posted:
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SINGAPORE
A day after Health Minister Khaw Boon Wan said private hospitals will be required to publish these bill sizes if they want to make Medisave claims, MediaCorp found that the difference in fees now range from some 15.4 per cent to 103.3 per cent.
For instance, 90 per cent of Mount Elizabeth Hospital (MEH) patients pay up to $8,600 for a 2.6-day stay in a one-bed ward when they give birth, compared to the $4,233 for a 2.1-day stay at Parkway East Hospital (PEH).
For day surgeries, 90 per cent of PEH patients pay up to $1,733 for gastroscopy, up to 60 per cent more than the $1,083 fee at Gleneagles Hospital, according to checks on the Ministry of Health (MOH) website.
The three hospitals are run by Parkway Holdings, whose medical specialists run their own practice and bill their patients directly.
Government Parliamentary Committee chairman (Health) Dr Lam Pin Min said the fee differential could be due to doctors pricing themselves according to their years of experience.
“Some want to be competitive so they price lower, others feel their experience allows them to charge more,” he said, and added that this is where information on clinical outcomes will augment the publication of bill sizes. Consumers would then know how much they are paying for a certain success rate.
In cataract surgery, for example, where there is a price difference of up to $2,000 between MEH and PEH, Dr Lam, an eye specialist, said that another cost factor could be the type of intraocular lens used to correct vision.
Still, Mr Khaw’s plan, which will take effect early next year, could narrow the price gap between private hospitals, which now provide data for only about a dozen treatments on a voluntary basis.
MOH data in 2003 showed that Changi General Hospital (CGH) charged an elderly B2-class patient with pneumonia $1,272, or 77-per-cent more than the comparable median figure of $720 at the National University Hospital. Now, NUH charges $129 more — an 11-per-cent difference — than CGH to treat pneumonia in the elderly with complications, in a B2-class ward.
Dr Lam believes the move will also bring down prices among private hospitals, similar to what happened when MOH published the bill sizes of public hospitals.
Lasik surgery, where average bill sizes dropped by more than $1,000 per eye, is often cited as a prime example of this.
A Mount Alvernia Hospital spokesperson said the impact of publishing private hospital bill sizes is “left to be seen”, but the hospital will continue to provide the best care for patients while ensuring its services remain “comprehensive and value-for-money”.
— Patients at private hospitals here could be paying twice as much for the same procedure, depending on where they seek treatment.pharoah88 ( Date: 05-May-2010 13:49) Posted:
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