PM Lee identifies 3 areas of priority for govt
SINGAPORE: Singapore’s Prime Minister Lee Hsien Loong on Monday identified three areas of priority for the government: restructuring the economy, addressing the population shortfall and updating the political system.
In a wide—ranging speech to the annual Singapore Perspective Conference organised by the Institute of Policy Studies, Mr Lee [...]
World News
Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses.
Markets from New York to Tokyo reacted with barely-restrained panic to Obama’s drive to limit the size of the largest banks and introduce [...]
Outlook & Forecasts for 2010
Global growth to normalize at around 4% GDP, mainly driven by growth in emerging markets
Equity markets to rise another 10%-20% in coming months due to increased corporate profitability and operating leverage
Re-pricing of risk in bond markets, especially sovereign debt
Short-term rates to remain low for another few months but to rise strongly [...]
Global Investor: Earnings Falsely
Discount a Strong Recovery in 2010
Thus far into the corporate earnings season, the results have best unimpressive. And U.S. Treasuries have noticed, as the benchmark yield on ten-year paper declines from 3.84% on December 31 to 3.70% this morning.
For the most part, revenues are flat to slightly higher while net income has [...]
singapore stock market news,australia stock market ,china stock market ,usa stock market
we’ll start with the question everyone’s asking this time of year—what should we be expecting in 2010?
A: The basic story hasn’t changed; the global economy is going through a period of rapid change and the center of the world – both economically and [...]
Platinum has the makings of being the commodity story of 2010. Right now, the stars are aligned for this super rare metal, and this year I expect it will even outperform gold and silver.
Over the last three months Platinum prices have already risen 15.8%. And that’s set to continue.
So why are investors worldwide getting so [...]
Global Investor ,Silver must confirm the Gold Rally
To confirm gold’s bull market run, silver must settle above $20.78 an ounce.
Silver hit $20.78 an ounce back in March 2008; while gold also hit a nominal high that month, it surpassed contract highs 12 months later while silver stalled.
If there’s an ounce of doubt still apparent in [...]
Singapore’s first casino resort to open January 20
SINGAPORE (AFP) – – Singapore’s Resorts World Sentosa said Tuesday it will open phase one of the city-state’s first casino complex on January 20, beginning operations at four luxury hotels.
Festive Hotel, Hard Rock Hotel Singapore, Crockfords Tower and Hotel Michael will open their doors on January 20, offering [...]
Greece is set to face mounting pressure from markets looking for aggressive government action to curb the country’s overspending in the wake of a credit downgrade and violence in the streets.
The decision by the Fitch agency to downgrade Greece’s long-term debt ratings on Tuesday highlighted falling confidence in the country’s economic policy, raised the prospect [...]
Dubai + Iceland = Bubble Posterboys
When it’s all said and done, these economies personify the bubble more than even Bernie Madoff.
Instead of inflating the expectations of an individual or group of individuals, these were entire countries who hoodwinked the rest of the world. They made legitimate plans for their sustained meteoric rise, and they believed [...]