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chartistkao1
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11-Aug-2023 10:57
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the right to control the global financial markets vie hike rates,sanction and confiscate other country' s reserve and block food and technology de3velopment Aug 9): The Federal Reserve said it is stepping up scrutiny of lenders&rsquo involvement in digital assets, the latest move by the US regulators to limit banks&rsquo involvement in crypto.The Fed said Tuesday (Aug 8) it had set up a programme to strengthen oversight of activities involving digital assets and blockchain technology by the lenders it oversees. Over the past year, the central bank and other regulators have repeatedly warned lenders to be wary of risks associated with the asset class. The programme will also focus on banks&rsquo partnerships with firms that aren&rsquo t lenders, such as fintech companies, to provide services to customers. &ldquo The goal of the novel activities supervision programme is to foster the benefits of financial innovation while recognising and appropriately addressing risks to ensure the safety and soundness of the banking system,&rdquo the Fed said in a statement.   The Fed, Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency in January detailed concerns with the volatile asset class. Officials said it was important that risks that can&rsquo t be controlled aren&rsquo t allowed to migrate to the banking system. Since then, federal regulators have put in place policies that many crypto backers have said are hostile to the asset class. In additional to increasingly direct warnings, watchdogs denied a crypto firm&rsquo s application to become a member of the Fed system. &ldquo The fear is that engagement with such volatile assets could put the traditional banking sector at risk,&rdquo said Howard Fischer, a New York-based partner at the law firm Moses Singer. That view is unlikely to change unless the digital-asset space is regulated more like traditional financial firms, he said. https://www.nasdaq.com/articles/money-printing-and-inflation%3A-covid-cryptocurrencies-and-more  
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chartistkao1
Supreme |
11-Aug-2023 10:52
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https://www.mfa.gov.sg/Newsroom/Press-Statements-Transcripts-and-Photos/2000/01/MFA-Spokesmans-Comments-on-the-CPF-and-CLOB-issues
 
Mr Kwek Leng Beng, the 82-year-old executive chairman of CDL, said at Thursday&rsquo s results briefing: &ldquo I would like to say that first, interest rates are not going to go up anymore, in my view, because inflation (has peaked) around the world.
&ldquo Second, we have for many years gone from one place to another, and we try to find a niche. And this niche is something that you know, you get it, you feel it, you cannot explain it in so many words. And I would like to grab opportunities, whether it is in Britain, Asia, America and so on.&rdquo
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chartistkao1
Supreme |
11-Aug-2023 10:45
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Mahathir Says Singaporeans Must Take Share Discounts  
By
Richard Borsuk Staff Reporter of The Wall Street Journal May 5, 1999 12:01 am ET
 
 
 
 
In his first comments on a proposal under which businessman Akhbar Khan would buy up billions of dollars of such shares, Prime Minister Mahathir Mohamad said Monday night in Kuala Lumpur that a " lot" of Singapore investors " were responsible for the fall in the share prices" last year and that they " did nothing to help to bring up the [share] value" when prices fell. Now, he added, " I don' t think it is morally right for them to gain benefit from something they didn' t help achieving."
Mr. Akhbar, a Singaporean businessman who lives in Malaysia, on Friday launched an offer to buy all the shares once traded under a system called the Central Limit Order Book, or CLOB. The Malaysian government banned offshore trading in Malaysian shares as part of its move to impose currency controls last September. Since then, authorities have been seeking a way to offer the more than 170,000 mostly Singaporean investors in CLOB a way out of their stakes without sparking widespread selling of the shares in Kuala Lumpur. ' Highway Clobbery'Under Mr. Akhbar' s plan, his company, named Effective Capital Sdn. Bhd., would buy the Malaysian shares for 45% more than the shares' prices on Sept. 15, when Singapore trading in CLOB shares was halted. However, the main index of the Kuala Lumpur Stock Exchange has shot up nearly 75% since Sept. 15. So the prices offered by Mr. Akhbar, who has close ties to Malaysian Finance Minister Tun Daim Zainuddin, represent a 30% to 70% discount to the shares' current Malaysian market prices.Many Singaporeans holding CLOB shares have reacted angrily to Mr. Akhbar' s plan. Singapore newspapers have labeled it " highway Clobbery." Mr. Akhbar, as quoted in Singapore newspapers, has said he' s a friend of the island and that he wouldn' t make a " killing" from the plan. Dr. Mahathir' s comments criticizing Singapore investors may contribute to making CLOB a political issue between Malaysia and Singapore, securities analysts said. There' s a long history of political rows between the often-testy neighbors, which at one time were part of the same nation.  
The Malaysian leader' s comments " could contribute to CLOB turning into a messy political issue," said a senior Singapore broker Tuesday. " Mahathir wants to punish the wrong people -- he wants to punish the short-sellers, who are gone from the market." Short-sellers sell borrowed shares in a bet that prices will go down.So far, no Singapore government official has commented on the issue. Deputy Prime Minister Lee Hsien Loong is expected to respond to a question on CLOB in Parliament on Thursday. CLOB investors are also waiting for a statement from the Stock Exchange of Singapore, which Monday said only that it is " studying the [Akhbar] offer ... and seeking legal advice." Decision Hasn' t Been MadeSome Singaporean owners of CLOB shares hope Mr. Akhbar' s plan is simply a trial balloon that gets shot down. But it isn' t clear whether Kuala Lumpur is studying any alternatives. Dr. Mahathir said Monday that there are " several proposals" and Malaysia hadn' t decided on any one.The Business Times of Singapore on Tuesday reported that investment bank Jardine Fleming Ltd. had emerged as a " potential challenger" to Mr. Akhbar. But Jardine Fleming said in a statement that it has made no formal proposal to the Malaysian government and that it " has no current intention of submitting a bid for part or all of the CLOB shares." Advertisement - Scroll to Continue
 
Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8  
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chartistkao1
Supreme |
11-Aug-2023 10:44
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KUALA LUMPUR (Aug 9): Businessman Tan Sri Halim Saad has filed a suit against Tun Dr Mahathir Mohamad, former minister in the Prime Minister&rsquo s Department Tan Sri Nor Mohamed Yakcop and the federal government for losses that he suffered as a result of concerted efforts by the authorities to stop his bid to take over United Engineers Malaysia Bhd (UEM), which then owned prized assets including the North South Expressway&rsquo s toll concession. This is Halim&rsquo s second attempt at legal action against the three parties for the same matter. In 2013, he filed a RM1.8 billion civil suit against the government, Khazanah and Tan Sri Nor Mohamed Yakcop after alleging he was cheated. He fought all the way to the Federal Court but lost in 2015. For the latest suit, Halim in a statement said it was filed on August 2 and premised on the breach of his constitutional rights under Article 8(1) and Articles 13 (1) (2) of the Federal Constitution by the Malaysian government where upon the instructions of Dr Mahathir and Nor Mohamed &mdash in his capacity as special economic adviser to Dr Mahathir &mdash proceeded with the purchase of a 32.69% stake in Renong Bhd from UEM, a unit of Renong. This, Halim added, is pursuant to the put option exercised by UEM in December 2000, giving Halim the right to buy the 32.6% stake in Renong from UEM for RM3.165 billion.  The Renong shares would only be transferred to Halim upon full settlement. Halim claimed that he made the first payment of RM100 million to UEM on Feb 14, 2001 for the share purchase. An extension till Sept 12 was granted for the second instalment, as Halim needed more time to raise funds. At the same time, Halim was also planning a bid to take UEM private. He claimed that he had acquired financing for the share purchase and the general offer to buyout UEM then. According to the court document, Halim was summoned to meet Dr Mahathir, and subsequently Nor Mohamed on July 12, 2001. Then, Halim alleged that he was directed not to execute his takeover plan and not to complete the purchase of UEM shares via the put option. &ldquo In that regard, the plaintiff (Halim) was informed that Permodalan Nasional Bhd, a government-linked entity, would be directed to make a general offer on UEM and that the plaintiff would be required to exit from the UEM-Renong group. To that end, the plaintiff was required to support the said general offer on UEM by PNB,&rdquo the court document read. According to Halim, he was required by Dr Mahathir and Nor Mohamed to support the government&rsquo s initiative to take over UEM. The plan then was to have Khazanah Nasional Bhd&rsquo s wholly owned subsidiary Danasaham Sdn Bhd launch a voluntary general offer to buyout UEM &mdash which then owned the toll concession of the North South Expressway plus construction business &mdash via a general offer. Halim claimed that the government&rsquo s bid to take UEM private would not have happened without his support, which he was obliged to provide. &ldquo The collective and concerted actions of the defendants resulted in my loss of control of Renong which also meant the indirect loss of control of UEM and its highly valuable assets,&rdquo Halim said. These assets included, he added, but not limited to, Projek Lebuhraya Utara Selatan (PLUS), Elite expressway, Laluan Kedua Malaysua (Linkedua) Intria Bina Sdn Bhd, Ho Hup Construction Sdn Bhd, Pharmaniaga Bhd and Kualiti Alam Sdn Bhd. &ldquo I suffered financial losses as a direct result of the defendants&rsquo action which constituted a breach of my constitutional rights under the constitution,&rdquo he added. Article 8(1) stipulates that all persons are equal before the law, and entitled to the equal protection of the law while Article 13 (1) stipulates no person shall be deprived of property save in accordance with the law and (2) no law shall provide for the compulsory acquisition or use of property without adequate compensation.  
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chartistkao1
Supreme |
11-Aug-2023 10:28
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Said Mr Sherman Kwek(CDL ceo): &ldquo Notwithstanding everything that&rsquo s happened, I think right now is a good time for us to get back into China things can be bought at very good valuations. &ldquo And parts of China are still doing very well, in spite of all the bad news that you hear in the press. Various cities still have very stable and very strong-performing residential markets.&rdquo CDL has &ldquo more or less&rdquo fully sold its existing residential inventory in China and needs to replenish its land bank there, he added. &ldquo We still continue to focus on the upper-tier cities. So, right now, for us, it&rsquo s Shanghai and Suzhou. We&rsquo re also looking at potential opportunities in Shenzhen.&rdquo In the first half of 2023, the property development segment was the largest contributor to CDL&rsquo s revenue, with a 183.2 per cent increase to $1.7 billion.  
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chartistkao1
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10-Aug-2023 16:33
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The Phillips curve is an economic theory that inflation and unemployment have a stable and inverse relationship.
Say, if the unemployment rate in the economy of country ABC is 6%, then the inflation rate is 3%. According to the Phillips curve, if the unemployment rate decreases from 6% to 5%, the inflation rate will increase to 3.5%. If the unemployment rate increases, the inflation rate will also decrease.
https://edition.cnn.com/2023/08/07/business/fed-rate-hike-inflation/index.html
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chartistkao1
Supreme |
10-Aug-2023 16:20
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https://www.businesstimes.com.sg/companies-markets/foreigners-buy-some-us2-billion-malaysias-stocks-and-bonds
 
when singapore yield falls
https://www.businesstimes.com.sg/companies-markets/cut-yield-latest-singapore-6-month-t-bill-falls-375
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chartistkao1
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10-Aug-2023 15:56
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2009 to 2020 11 years of downturn,2023 to 2034 10 years of upturn
https://www.reuters.com/breakingviews/hsbc-invites-shy-investors-turnaround-party-2023-08-01/
usdsgd 1.346
 
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chartistkao1
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10-Aug-2023 15:42
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waiting for the US FED to cut rates after 2025 [KUALA LUMPUR] The number of property transactions in Johor Bahru &ndash the southernmost city in Malaysia &ndash is on the rise, as buyers hunt for deals ahead of the opening of a new railway shuttle link with Singapore in three years&rsquo time. The Johor Bahru-Singapore rapid transit system (RTS), as the project is called, is a 4 km cross-border service that&rsquo s on track to be completed by the end of 2026, with as many as 10,000 commuters moving in both directions per hour. In the first three months of this year, the state of Johor had 7,497 residential property transactions worth nearly RM3.2 billion (S$947 million) &ndash the second-highest in terms of transaction volume and value after Selangor. Among these deals, nearly 60 per cent &ndash or 4,307 transactions with a total value of RM2.2 billion &ndash were residential properties in Johor Bahru, the capital of Johor. On the whole, the number of transactions in Johor in January to March was almost 12 per cent higher than in the same quarter in 2020, just before the Covid-19 pandemic struck. &ldquo The RTS is the biggest catalyst now,&rdquo said Chia Zi Jin, the principal of CRA Valuers and Realty Consultants. &ldquo Property developers are tapping into the positive news of the RTS and are rolling out new projects.&rdquo A NEWSLETTER FOR YOU
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At The Coronade Residences, a development that&rsquo s located near the RTS customs, immigration and quarantine complex, the asking price ranges from RM1,068 to RM1,315 psf. In a report on Jul 24, RHB Research Institute senior analyst Loong Kok Wen noted that there are 11 projects in the vicinity of the new RTS station at Bukit Chagar, with asking prices of between RM1,000 and RM1,300 psf. Jonathan Lee, the group chief executive of international real estate company Keller Williams in Malaysia, said the higher rents and sale prices in Singapore have also helped fuel demand for homes across the Causeway. &ldquo The implementation of a steeper stamp duty in April (by the Singapore government) has driven more Malaysians and expats working in Singapore to consider relocating to Johor Bahru,&rdquo he added. Loong shared the same view, noting that rentals for condominiums in Singapore grew 32 per cent year on year in the first three months of 2023. &ldquo This is on par with the average prices of condominiums in the Kuala Lumpur city centre area.&rdquo she added. KGV International Property Consultants (Johor) executive director Samuel Tan said the areas near the Johor Bahru city centre and Iskandar Puteri are the most preferred locations for foreign buyers. In the first quarter of this year, a total of 2,077 residential units were launched in Johor, with 62 per cent (or 1,288 units) in Johor Bahru. &ldquo (The units at) most launches are priced between RM500,000 and RM700,000 each. There are also some luxury offerings targeting rich individuals or foreign buyers priced at RM1 million and above,&rdquo he said. In Malaysia, foreigners are only allowed to purchase condos that are priced RM1 million and above in Johor. For landed homes, the price must be at least RM2 million. On the outlook of Johor Bahru&rsquo s property market, consultants and analysts are optimistic that the growth momentum of transactions and prices will continue to trend upwards in the coming months. Johor recently announced that it had secured RM70.6 billion worth of foreign direct investments in 2022 &ndash the highest amount among all states in Malaysia. Other than investments in the manufacturing sector, RHB&rsquo s Loong said that Johor is also seeing more investments in data centres. Local media reported that Johor will receive RM17 billion worth of new investments in data centres in 2024. Tan from KGV said the improved connectivity within Johor Bahru &ndash thanks to the RTS, the Gemas-Johor Bahru electrified double tracking project, and the upcoming Iskandar Malaysia bus rapid transit &ndash will be an attractive selling point. There is also the question mark of whether the High Speed Rail (HSR) link between Singapore and the Malaysian capital Kuala Lumpur could be revived at some point, which analysts say would be a boon for property prices in Johor Bahru and the surrounding areas. In April this year, the Malaysian government expressed an interest to revive the multi-billion dollar HSR development. Last month, it sought proposals from private companies for the 350 km rail line that seeks to reduce travel time between Singapore and Kuala Lumpur to 90 minutes, compared to four to five hours by car. A bilateral agreement for the HSR was axed in 2021 after both sides failed to reach a mutual agreement on several proposed changes. &ldquo If the HSR does eventually go ahead, it will be a great bonus,&rdquo said Tan.  
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10-Aug-2023 15:39
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All three singaporean banks well positioned for the future. | ||||||||||||||||||||||||||||||||||||||||
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chartistkao1
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10-Aug-2023 15:39
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https://investors.sgx.com/_security-types/stocks/O39
 
https://www.youtube.com/watch?v=QCnUW8pTU2w
 
https://www.theedgesingapore.com/capital/brokers-calls/dbs-kept-buy-ocbc-cimb-broad-based-growth-upbeat-outlook
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chartistkao1
Supreme |
10-Aug-2023 15:31
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ocbc target $14 by cimb
https://links.sgx.com/FileOpen/Anno_8Aug2023.ashx?App=Announcement& FileID=768188
 
https://finance.yahoo.com/quote/O39.SI/history?p=O39.SI
 
https://www.theedgesingapore.com/capital/brokers-calls/cgs-cimb-keeps-add-ocbc-net-interest-margins-set-expand
 
https://sg.style.yahoo.com/analysts-mixed-ocbc-record-1qfy2023-020653131.html
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chartistkao1
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10-Aug-2023 15:26
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ocbc has cash to buy back its share if october 2023 market cash
OCBC prices S$550 million perpetual capital securities at 4.5%![]() Daphne YowPublished Tue, Aug 08, 2023 · 9:15 am
https://www.businesstimes.com.sg/companies-markets/ocbc-prices-s550-million-perpetual-capital-securities-45
https://www.straitstimes.com/business/banking/ocbcs-up-to-7-billion-excess-capital-may-spark-deals-report
 
https://www.nnvod.com/index.php/vod/play/id/212233/sid/4/nid/31.html
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chartistkao1
Supreme |
10-Aug-2023 12:02
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https://www.calcalistech.com/ctechnews/article/ryxbh2j9n
 
https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html
 
https://global.upenn.edu/perryworldhouse/news/disrupting-chinas-rare-earth-element-hegemony
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chartistkao1
Supreme |
10-Aug-2023 11:59
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https://sobq.net/emoticon/5535
please no more lie flat
https://www.youtube.com/shorts/N6A5v_1gG1s
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chartistkao1
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10-Aug-2023 11:55
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US tell china after the trade war,decoupling tech war,semiconductor retsrictions and 11 time rate hike
看 一 看 你 的 鬼 样 子
https://www.qiubiaoqing.com/img_detail/367347235425353728.html
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chartistkao1
Supreme |
10-Aug-2023 11:49
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https://www.theedgesingapore.com/news/banking-finance/ocbc-prices-550-mil-worth-perpetual-capital-securities-450-coupon
 
demand is overwhelming due to its strong branding and conservative investment strategy
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chartistkao1
Supreme |
10-Aug-2023 11:45
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https://www.fabiaoqing.com/biaoqing/detail/id/678804.html
https://www.bondsupermart.com/bsm/bond-factsheet/XS2491654179
https://www.sgx.com/fixed-income/retail-fixed-income-securities?code=all
FED 11 times rate hikes from march 2022 to aug2023
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chartistkao1
Supreme |
10-Aug-2023 11:39
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the US waiting to shorted the world assets with rapid rate hikes and we will only https://www.qiubiaoqing.com/img_detail/442647019152998400.html
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chartistkao1
Supreme |
10-Aug-2023 11:37
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countries out their reserve in US all become their 孙 子 , but if they use their printed money to do real projects and then return them the printed money with the borrowed money the role will be reverse
https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html
 
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