Author Topic: The other side of the coin  (Read 178092 times)

Offline zuolun

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Re: The other side of the coin
« Reply #150 on: March 19, 2020, 11:21:42 AM »
Coronavirus: Scientists tackle the theories on how it started ~ 18 Mar 2020
Without evidence Zhao Lijian, a spokesperson for China's foreign ministry, suggested on Twitter that the virus could have been brought to Wuhan by the US army.

Trump angers Beijing with 'Chinese virus' tweet ~ 17 Mar 2020
China has reacted angrily after US President Donald Trump referred to the coronavirus as “Chinese”.

China is no role model for coronavirus containment - or anything else ~ 15 Mar 2020
Since the explosion of coronavirus cases in Wuhan, the Chinese government drastically cracked down to stop the spread of the potentially fatal virus. But what about just prior to that?

Chinese diplomat promotes conspiracy theory that US military brought coronavirus to Wuhan ~ 14 Mar 2020
A prominent Chinese official has promoted a conspiracy theory that the United States military could have brought the novel coronavirus to China -- and it did not originate in the city of Wuhan, as thought. Posting to his more than 300,000 followers on Twitter, Foreign Ministry spokesman Zhao Lijian republished a video of Robert Redfield, the director for the US Centers for Disease Control and Prevention, addressing a US Congressional committee on March 11.

No quick solution to treat coronavirus despite hopeful leads ~ 13 Mar 2020

Coronavirus: China’s first confirmed Covid-19 case traced back to November 17 ~ 13 Mar 2020
  • Government records suggest first person infected with new disease may have been a Hubei resident aged 55, but ‘patient zero’ has yet to be confirmed.
  • Documents seen by the Post could help scientists track the spread of the disease and perhaps determine its source.

Offline zuolun

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Re: The other side of the coin
« Reply #151 on: March 22, 2020, 12:26:01 PM »
Coronavirus: Fireworks in Wuhan as checkpoints are taken down, other cities in China ease controls ~ 21 Mar 2020

Medical workers from Henan give a thumbs up to Wuhan before leaving the city on Thursday. Wuhan has reported no new cases for a third day.

Then and now: How coronavirus turned the world's busiest cities into ghost towns ~ 20 Mar 2020

Malaysia: Melaka becomes ghost town during Covid-19 movement order period ~ 20 Mar 2020

Malaysia: Shopping malls’ eateries face sluggish sales amid Covid-19 movement control order ~ 18 Mar 2020

Coronavirus: Asian nations face virus battle amid WHO warning ~ 18 Mar 2020

“Each city is a ghost city”: Life in Italy under full coronavirus lockdown ~ 18 Mar 2020

An abandoned street in Treviso, Italy.

The Piazza di Spagna, a popular tourist destination in Rome, stands mostly empty.

Coronavirus: European Union seals borders to most outsiders ~ 17 Mar 2020
The European Union will ban travelers from outside from the bloc for 30 days in an unprecedented move to seal its borders amid the coronavirus crisis. The measure is expected to apply to 26 EU states as well as Iceland, Liechtenstein, Norway and Switzerland.

Photos showing the devastating effects of the coronavirus on business ~ 17 Mar 2020
As COVID-19 spreads across the globe, every corner of daily life is being hit.

A pedestrian passes through Brookfield Place, a retail hub at the World Financial Center in New York, on March 16. New York joined with Connecticut and New Jersey to close bars, restaurants, and movie theaters starting Monday night.

Pedestrians walk by the Castro Theatre in San Francisco announcing its closed due to a California statewide ordinance banning gatherings of more than 250 people on March 15.

7th Avenue Times Square is seen nearly empty during a regular day in New York City on March 14.

Offline zuolun

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Re: The other side of the coin
« Reply #152 on: April 01, 2020, 11:15:01 AM »
How coronavirus is spreading across the world ~ 1 Apr 2020
The Covid-19 outbreak, which was first reported in Wuhan in December 2019, has spread to more than 202 countries and regions outside mainland China.

Singapore banks offer to defer mortgage, SME loan payments ~ 1 Apr 2020
Three major Singapore banks are suffering from the economic slowdown, which has driven down interest rates and increased the risk of loan defaults. DBS shares dropped 0.9% at S$18.40 as of 9:21 a.m., taking this year’s decline to almost 29%. UOB shares were little changed, with a year-to-date drop of 26%. So were OCBC’s, whose stock lost 22% in 2020.

Can Singapore's coronavirus success last? ~ 31 Mar 2020

Singapore eases monetary policy as economy is hit ~ 30 Mar 2020
  • MAS said it had flattened the slope of the band at which the local dollar is allowed to move against a basket of currencies of its major trading partners – effectively weakening the local unit.
  • Instead of using interest rates, trade-reliant Singapore manages monetary policy by letting the local dollar rise or fall against a currency basket of its trading partners.
  • The ministry has downgraded its growth forecast, projecting GDP will fall by up to 4% this year.
Singapore PM tells CNN: Coronavirus could take years to run its course, world must brace itself ~ 30 Mar 2020

Medical experts from China and S. Korea underline importance of wearing masks during COVID-19 pandemic — contrary to WHO’s recommendation ~ 30 Mar 2020
Wearing masks in the time of the novel coronavirus (COVID-19) outbreak — contrary to the World Health Organization (WHO)’s advisory — is crucial in reducing the risk of spreading the virus, two medical experts opined.

You need to listen to this leading COVID-19 expert from South Korea ~ 27 Mar 2020

Singapore launches US$60 bln facility for banks to support dollar funding ~ 26 Mar 2020
Last week, the MAS said it had established a US$60 billion swap facility with the Fed, as part of coordinated central bank actions to calm financial markets, which are being hammered by fears the coronavirus pandemic will trigger a global recession.

Why did the World Health Organisation wait so long to declare coronavirus a pandemic? ~ 13 Mar 2020
  • The WHO has been widely criticised for not declaring a pandemic earlier. So then why declare a pandemic now?
  • The key is those “alarming levels of inaction”. The WHO knows that panic is counterproductive, but that complacency is too. If in the past few weeks it has tried to avoid panic, it now judges that complacency is the bigger danger.

Offline zuolun

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Re: The other side of the coin
« Reply #153 on: April 04, 2020, 06:08:01 PM »
Get ready for 'stagflation' ~ 3 Apr 2020

UN fears of large-scale famine because of the pandemic coronavirus ~ 3 Apr 2020
“The coronavirus pandemic gives reason to fear that hunger will become a reality for many millions of other people. The need for urgent food aid will only increase.”

Dairy farmers forced to dump milk ~ 2 Apr 2020

What are the challenges of battling coronavirus in India?  ~ 2 Apr 2020

COVID-19 lockdown chokes sales of milk across India, dairy farmers in distress ~ 1 Apr 2020

联合国粮农组织:如不采取措施,4月至5月就会有粮食供应危机 ~ 30 Mar 2020

Coronavirus fear grips workers in India ~ 29 Mar 2020

Locked down India struggles as workers flee cities  ~ 28 Mar 2020

Explainer: How the coronavirus crisis is affecting food supply ~ 27 Mar 2020

Food workers getting coronavirus is the latest threat to world supply ~ 27 Mar 2020

Grocery stores are the coronavirus tipping point ~ 24 Mar 2020
Even one of the last #~ of normal American life could not escape the outbreak.

The coronavirus economic 'disaster' scenario: Stagflation ~ 10 Mar 2020
But the threat of stagflation -- the term used to describe an economic slowdown coupled with rising prices -- is real.

The coming coronavirus stagflation ~ 5 Mar 2020

What is stagflation?
Stagflation is a seemingly contradictory condition described by slow economic growth and relatively high unemployment, or economic stagnation, which is at the same time accompanied by rising prices (i.e. inflation). Stagflation can also be alternatively defined as a period of inflation combined with a decline in gross domestic product (GDP).

Offline zuolun

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Re: The other side of the coin
« Reply #154 on: April 07, 2020, 10:04:36 AM »

Fight Covid-19 first, Singapore polls must wait — Lee Hsien Yang ~ 4 Apr 2020
During the SARS outbreak, schools were shut 26 days after the first patient was detected. This time, it has taken more than 70 days since the first Covid-19 case was reported on 23 January. Singaporeans cannot be blamed if they wonder: if SARS was a lesson, why this inordinate delay?

Coronavirus: Singapore could hold elections during outbreak ~ 18 Mar 2020

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Re: The other side of the coin
« Reply #155 on: April 08, 2020, 08:51:46 AM »
Covid-19: Restoring trust in government is key to addressing panic buying ~ 6 Apr 2020
Panic buying is edged on by profound mistrust of our political leaders, both in terms of what they said (or did not say) and what they were capable of. Governments have been unable to control public panic simply because people make sense of three hard truths.
  • First, the government is unable to provide a vision as to how the pandemic will unfold, how long it might last and if eventually all will be restored to the normal. Not everyone can believe that their government really has complete control or has a definitive idea as to what is going on in such a scenario.
  • Second, people have little faith in assurances of stockpiles made by governments. Stockpile levels are often kept secret, and even if they do exist, everyone knows stockpiles are finite and therefore access might be an issue.
  • Third, governmental messages are often obscure, misinterpreted and side-lined by social media and rumor mongering. Verification for information is time-consuming if not impossible. Beyond that, individuals can hardly hold governments responsible for misinformation or falsehoods. Panic buying therefore may appear to be necessary if people were to rely on themselves, handle uncertainty and minimize future loss.
Singapore must be ready for supply disruptions due to global COVID-19 lockdowns: Chan Chun Sing ~ 6 Apr 2020
“For instance, while the Government has worked with Malaysia to ensure that goods, especially food and essentials, continue to flow between our countries following the implementation of Malaysia’s Movement Control Order, we cannot be certain how long this will last as the global COVID-19 outbreak continues to escalate,” he said.

Singaporeans swamp Ikea stores ahead of month-long lockdown ~ 6 Apr 2020
Large crowds were seen at Ikea outlets here over the weekend following the government’s announcement on April 3 that schools and all non-essential workplaces will be closed from Tuesday (7 Apr 2020) to curb the spread of Covid-19 in the republic.

Long queues at Singapore supermarkets ahead of month-long lockdown ~ 5 Apr 2020
Hours after the Singapore government announced a stepping up of measures to contain the spread of Covid-19, snaking queues were spotted at supermarkets across the island, with at least 20 people in line at any one time.

Minister Chan Chun Sing on Malaysia lockdown: "We have sufficient food supplies for all Singaporeans" ~ 18 Mar 2020

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Re: The other side of the coin
« Reply #156 on: April 08, 2020, 12:33:20 PM »
Logan’s Roadhouse closes 261 restaurants, may not reopen ~ 6 Apr 2020
Logan’s owner, Craftworks Holdings, said the shutdown of its 261 locations comes after a lender withdrew financing after the company filed bankruptcy in early March. That change means the coronavirus-hiatus may become permanent.

After $50 billion of losses, no one comes to save the mortgage market ~ 4 Apr 2020
  • The market for mortgage-backed securities was in free fall, with fear running rampant and banks seizing collateral.
  • So Tom Barrack, the chairman of real estate investment trust Colony Capital Inc., published an 1,800-word plea for the Federal Reserve to buy bonds backed by homes, cars and other assets and for banks to halt margin calls.
  • That was last Saturday. In the week since, three top investors in the sector have engaged restructuring advisers, two others sold $7 billion of debt at a discount and publicly traded mortgage REITs in the U.S. lost more than $12 billion of market value, bringing total declines this year to at least $50 billion.

Losing sleep and weight over the MCO ~ 2 Apr 2020
Christy Ng, fashion entrepreneur and founder of shoe retailer and manufacturer Christy Ng Sdn Bhd, has not had a proper night’s sleep since March 17. She has lost 3kg and is on the verge of depression.
  • Ng’s company has been forced to stop manufacturing while still paying its staff their full salaries. “I have exhausted my personal savings and now I am trying to sell my one property — an apartment — to pay rent and my 100 employees,” she says.
  • The problem is that, this is not the time to sell property. Because of the MCO, real estate agents are not taking clients to view properties.

What is a loan covenant?
  • A loan covenant is an agreement stipulating the terms and conditions of loan policies between a borrower and a lender. The agreement gives lenders leeway in providing loans while still protecting their lending position. Similarly, due to the transparency of the regulations, borrowers get clear expectations of the lenders.
  • The loan covenant allows borrowers to prepare for their repayment before and during the agreement. However, in case a borrower defaults in payment or breaches the covenant, the lender is entitled to claim the sum of the loan in full. The covenant makes sure that (1) the lenders’ rights are secure, (2) there is a reliable mechanism to rectify the process, and (3) there is a clear illustration of events leading to the borrower’s default.

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Re: The other side of the coin
« Reply #157 on: April 10, 2020, 12:14:42 PM »
Singapore reports a record 287 new COVID-19 cases, total at 1,910 ~ 10 Apr 2020

Fool’s gold in a global pandemic ~ 9 Apr 2020

Coronavirus could spark a financial crisis for struggling countries, Singapore’s trade minister warns ~ 9 Apr 2020
  • Many countries are now “fiscally challenged,” with few having the headroom to deploy monetary policy as rates are currently so low, Chan Chun Sing, Singapore’s minister for trade and industry, told CNBC.
  • “Not many countries have the means like Singapore from our reserves to inject the necessary liquidity into the system,” Chan said.
  • Chan called on the world’s major economic powers to step up their leadership in these trying times to “provide stability” for the global financial system.
  • As the pandemic worsened globally, some countries have also turned more protectionist. That could pose a risk for global supply chains, Chan also warned.
Covid-19: Should the public wear face masks? ~ 9 Apr 2020
  • Yes—population benefits are plausible and harms unlikely.
  • When covid-19 became a global health emergency, there was a visible contrast between the responses of citizens in east Asia and the rest of the world. In east Asia, wearing of masks was ubiquitous, and sometimes mandated by governments. In Europe and North America, concerned citizens were repeatedly told that masks were not recommended for general use.
  • Now, increasing numbers of agencies and governments, including the Czech Republic and the US Centers for Diseases Control and Prevention1 are advocating that the general population wears masks, but others, such as the World Health Organization and Public Health England are not.
Covid-19: FairPrice urges all shoppers to wear masks in stores ~ 9 Apr 2020

Taiwan's coronavirus success bolsters case for joining WHO, experts say ~ 9 Apr 2020

Lessons from Taiwan’s experience with COVID-19 ~ 7 Apr 2020

Can Singapore's coronavirus success last? ~ 31 Mar 2020

You need to listen to this leading COVID-19 expert from South Korea ~ 27 Mar 2020

Coronavirus: Inside Taiwan and Singapore’s health and social welfare responses ~ 22 Mar 2020
  • But to Singapore’s decision-makers, it is clear their concern is less about what citizens are worried about but more about business continuity. “If (we do not respond) collectively, we will undermine the international confidence in our system and in our society, and that will have long-term ramifications,” its Trade and Industry Minister Chan Chun Sing said two days after the panic buying episode.
  • But the weak, or even lack of, understanding of the social and psychological aspects among Singapore’s decision-makers present as a loophole in its coronavirus response strategy. A few days after the first panic buying, National Development Minister Lawrence Wong admitted that a “lack of clarity” in its messaging could have led to the panic buying. Wong said: “When we went around asking, there was some misunderstanding, or even a lack of clarity” around what Dorscon Orange meant. At that point, Wong revealed a hint of humility not usually seen among Singapore’s decision-makers—he admitted that the government “[did] not know everything,” especially with the “rapidly evolving” situation of the coronavirus.

Rational use of face masks in the COVID-19 pandemic ~ 20 Mar 2020

'Vaccines won't work': US virologist breaks down COVID-19, how to curb spread ~ 18 Mar 2020

Why Taiwan handles coronavirus outbreak better than Singapore ~ 13 Mar 2020
Singapore reported signs of panic buying due to the novel coronavirus (COVID-19) this week. How did this happen in a city generally known for its perceived stability? How is it that Taiwan, a close neighbor of China, has managed the crisis with more grace?

What we can learn from Singapore, Taiwan and Hong Kong about handling coronavirus ~ 13 Mar 2020

Blogger Roy Ngerng criticises Singapore’s top-down approach of coronavirus strategy, citing lack of people’s involvement ~ 12 Mar 2020

How Taiwan and Singapore have contained the Coronavirus ~ 11 Mar 2020

Singapore Minister Chan discusses coronavirus outbreak, economy ~ 4 Mar 2020

SCCCI: Leaked recording of Minister Chan’s closed-door discussion “unacceptable and deeply disappointing” ~ 19 Feb 2020
In the recording, Mr Chan can be heard describing the panic buying as as “xia suay” or “disgraceful”, adding that he was “ashamed” by these people who gave into panic and rush to stockpile essential items due to fear of the outbreak, calling them idiots.

Offline zuolun

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Re: The other side of the coin
« Reply #158 on: April 10, 2020, 05:30:02 PM »
東方衛視記者張經義稱來自台灣 中國網友出征罵翻 ~ 9 Apr 2020

特朗普:Where are you from?

張經義:I am from Taiwan.





美国之音:假外媒、真外宣?凤凰女记者白宫提问遭特朗普质疑 ~ 6 Apr 2020

“你替中国工作吗?” 特朗普白宫记者会上反问凤凰女记者。

Blood Feud: Ministers ‘no longer discounting’ theory coronavirus leaked from Chinese lab after staff ‘sprayed with animal blood’ ~ 6 Apr 2020
  • Senior sources have reportedly admitted while the “balance of scientific advice” is that the virus originated naturally, a leak is also being considered by security services.
  • The Wuhan Institute of Virology is ten miles from the start out the outbreak.

Bat out of hell: Chinese virus expert filmed catching bats fuels conspiracy coronavirus was caused by Wuhan scientists ~ 2 Apr 2020
  • A film showing a Wuhan based virus expert catching bats has fuelled a conspiracy theory that the disease was man-made and leaked from a lab.
  • The seven-minute film features the centre's researcher Tian Junhua, who has visited dozens of caves in Hubei province to capture the flying mammals and take samples.

A bat is caught and then taken away to study.

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Re: The other side of the coin
« Reply #159 on: April 11, 2020, 01:51:26 PM »
武汉光谷步行街数百商户上街游行遭镇压 ~ 10 Apr 2020

Wuhan rent protest shows unrest brewing in China after lockdown ~ 10 Apr 2020

Parliament: Law compelling landlords to pass on property tax rebates to tenants 'doesn't make them worse off', says DPM Heng ~ 7 Apr 2020

Tears and fears for landlords and commercial tenants locked in standoff over coronavirus shutdown ~ 7 Apr 2020

CDL steps up rental rebates for retail tenants; PropNex rolls out support for property agents ~ 6 Apr 2020

In Europe, landlords in peril as retail chains refuse to pay rent ~ 6 Apr 2020*-refuse-to-pay-rent
More than 1 trillion euros ($1.1 trillion) of debt is secured against commercial real estate in Germany, France and the U.K. alone, according to Cass Business School. In Britain, a nation of shopkeepers whose stores are almost all closed, interest on about 180 billion pounds ($224 billion) of commercial property debt is due over the next few weeks.

An analysis of the U.K.’s top malls by Cass Business School senior research fellow Nicole Lux found a 10% drop in rents could lead to a funding shortfall of about 6 billion pounds.

Lockdown effect: Restaurants, cinemas and retailers at malls seek zero rentals till May ~ 3 Apr 2020
India’s largest restaurant chains, retailers and multiplexes including McDonald’s, Jubilant FoodWorks-operated Domino’s Pizza, Speciality Restaurants, Reliance Retail, Future Group, Spencer’s Retail and PVR have written individually to mall owners invoking the force majeure clause and have sought waiver of rentals up till May amid the lockdown. They have cited zero revenues in the immediate term and a drop of at least 50% in revenues for several months to come. Small businesses in malls have also made similar demands.

Lululemon CEO: Some retailers will be able to ‘weather’ coronavirus pandemic. Others won’t ~ 2 Apr 2020

Coronavirus pandemic raises concerns that some retailers will run out of cash ~ 31 Mar 2020

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Re: The other side of the coin
« Reply #160 on: April 12, 2020, 10:06:27 AM »
Singapore reports 191 new COVID-19 cases, total at 2,299; 8 death and 119 untraceble cases ~ 12 Apr 2020
Three newly identified clusters, all at foreign worker dormitories - Westlite Woodlands dormitory, North Coast Lodge and Cassia @ Penjuru -  were reported as well.

Coronavirus: Two more worker dormitories declared as isolation areas, bringing total to 7 ~ 11 Apr 2020

Coronavirus: 699 Singapore citizens, residents evacuated from India ~ 11 Apr 2020
Singapore Airlines will be operating a one off repatriation flight for Singapore Citizens and Singapore Permanent Residents in India on 9 Apr 2020.
Details as follows:
SQ423|09APR (DEL-BOM-SIN) operated by 9V-SMW.
STD: 2100
STD: 2340

Coronavirus: Should the world worry about Singapore's virus surge? ~ 10 Apr 2020
"This is a really hard disease to contain."

Taiwan is flattening the curve. Singapore is locked down. Inside their ‘second wave’ coronavirus responses ~ 10 Apr 2020
Taiwan and Singapore have both been held up as models in the global fight against the COVID-19 pandemic. However, as of the time of writing, Taiwan has managed to keep its total cases below 400 while Singapore’s cases have escalated to more than 2,000. This is something Taiwan has also recognized—Taiwan’s current COVID-19 strategy relies on social distancing guidelines to keep people apart in order to cut off community transmission, and where not possible, to use face masks as a barrier to protect against COVID-19 infection.

New daily imported cases in Taiwan and Singapore from March 3 to April 10, 2020.

Total imported cases in Taiwan and Singapore from March 1 to April 10, 2020.

New daily domestic and imported cases in Singapore from March 10 to April 10, 2020.

Total domestic and imported cases in Singapore from March 20 to April 10, 2020.

New daily domestic and imported cases in Taiwan from March 10 to April 10, 2020.

Total domestic cases in Taiwan and Singapore from March 1 to April 10, 2020.

Covid-19: Changi Airport’s Terminal 2 to suspend operations for 18 months to save running costs, says Khaw Boon Wan ~ 6 Apr 2020
- T2 to suspend operations from 1 May 2020 till end November 2021 (18 months).
- SQ to consolidate operations to T3 only.
- Other airlines at T2 to shift to T1, T3 or T4.
- Upgrading works to be completed 1 year ahead of schedule (original completion date 2024).
- Airport development levy to be waived from 13 April 2020 to 31 March 2021.

The Asian countries that beat Covid-19 have to do it again ~ 6 Apr 2020
Singapore, Hong Kong, South Korea, and Taiwan had flattened the curve. Then travelers from the US and Europe began reimporting the virus.

Fears grow in India of untraceable coronavirus carriers ~ 2 Apr 2020

In India, doctors evicted over infection fears amid expected flood of coronavirus cases ~ 30 Mar 2020
  • A combination of virus stigma, poor health awareness and ‘herd mentality’ have been blamed for the evictions across the country.
  • They come as epidemiologists warn India could have 915,000 coronavirus infections by mid-May, more than the caseload for the whole world right now.

Singapore Airlines cuts almost all flights amid travel restrictions ~ 23 Mar 2020
Until at least the end of April 2020 there will be flights to just five destinations – Beijing, Shanghai, Guangzhou, Jakarta and Brunei – representing a staggering 96% capacity reduction.

Singapore Airlines cuts more Australia and New Zealand flights ~ 17 Mar 2020
Additionally, Singapore Airlines has stopped selling First Class on SQ217/218 services from 1st April 2020 to 31st May 2020, suggesting this flight will be downgauged from the current Boeing 777-300ER, probably to an Airbus A350 which burns close to 25% less fuel on this route.

Is Singapore becoming a hotel country? ~ 13 Mar 2020
It is no secret that the plans to grow the population to 6.9 million in 2030, as set out in a 2013 Population White Paper. On top of that, Deputy Prime Minister Heng Swee Keat said during a March 2019 ministerial dialogue at Nanyang Technological University (NTU), that the country’s population density is not excessive, noting that other cities are even more crowded and dense. Mr Heng went on to also cite former chief planner Liu Thai Ker who said in 2014 that Singapore should plan for 10 million people for it to remain sustainable in the long term.

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Re: The other side of the coin
« Reply #161 on: April 14, 2020, 02:16:05 PM »
China censors research on CCP virus origin; Wuhan volunteer threatened after speaking about outbreak ~ 14 Apr 2020

China restricts research on virus origins; China is being impacted by the “B” strain of CCP Virus ~ 14 Apr 2020

1st documentary movie on the origin of CCP virus, tracking down the origin of the Wuhan coronavirus ~ 7 Apr 2020

石正麗最新研究與冰島「雙病毒」病例隱藏重大信息!舉國撐武漢,“厲害”背後伏危機 ~ 7 Apr 2020

疫情還沒爆發,軍方就研製疫苗?🧐病毒去年10月已肆虐?😷全球病毒可溯源中國👈🏻 ~ 1 Apr 2020
  • 中共在疫情爆发前 已掌握病毒
  • 学术研究与媒体证实 去年11月疫情已发生
  • 疫情爆发后 中共延迟向世卫通报
  • 政治施压 不让疫情上报
  • 掩盖疫情“人传人” 耽误民众防疫
  • 隐匿疫情实况 假造数据上报
  • 打压说真话的吹哨者、送哨者、公民记者
  • 打压说真话媒体 封锁疫情真相
  • 操控媒体宣传 营造“抗疫胜利”假象
  • 中共操控WHO 误导各国防疫
  • 动用外交与外宣 把病毒甩锅外国
  • 全球病毒 皆可溯源到中国

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Re: The other side of the coin
« Reply #162 on: April 15, 2020, 01:41:41 PM »
Singapore makes face masks compulsory as COVID-19 infections surge to 3,252 amid mass testing of migrant workers ~ 14 Apr 2020
  • Singapore has made it compulsory for all those who leave home to wear masks, in a dramatic turnaround of its previous policy, as coronavirus infections in the island nation surged to 3,252 on Tuesday (April 14) with 334 new cases confirmed.
  • Flouting the new rule will result in an initial fine of S$300, with repeat offenders facing a penalty of S$1,000, while foreigners could lose their residence permit – the same penalties for those flouting social distancing measures.
  • The government has warned cases will keep rising as migrant workers – who make up more than 40% of all patients – are tested.
  • Despite strict contact tracing and quarantining measures, confirmed cases in Singapore surged from 106 to 1,000 during March, with the number rising to 2,000 in the first 10 days of April and crossing 3,000 on Tuesday (April 14).
Coronavirus: Singapore migrant worker dormitories still hot topic as Covid-19 cases rise ~ 14 Apr 2020
  • The island nation’s authorities have corrected course after appearing to be caught off guard by the logistical scale of quarantining nearly 200,000 workers.
  • But their living conditions, care and the quality of food provided have remained controversial points of discussion.
The S11 Dormitory@Punggol foreign worker dormitory has the biggest cluster with 586 cases in Singapore.

21 vacant HDB blocks in Bukit Merah being refurbished to house essential foreign workers.

Singapore Expo is the Republic's second community isolation facility.

Singapore is using the accommodation vessels mostly used for offshore and marine industry staff, which they have called "floating hotels" to house foreign workers.

Covid-19: 170 new cases take total to 4,987, death toll at 82 with 5 more fatalities ~ 14 Apr 2020

馬來西亞大爆發說明夏天不一定好轉?(The outbreak of COVID19 in Malaysia) ~ 14 Apr 2020

The 'tabligh' gathering from Feb 27 to March 1 was attended by 16,000 people, of whom 14,500 were Malaysians, and the remaining 1,500 were foreigners.

Hokkaido, Sapporo issue emergency declaration ~ 12 Apr 2020
Hokkaido lifted a three-week state of emergency on March 19. Under the latest declaration, municipal elementary and junior high schools in Sapporo, as well as prefectural high schools in and around the city, will be closed from Tuesday until May 6.

Coronavirus: Japan airport builds cardboard ‘hotel’ for stranded travellers ~ 13 Apr 2020
  • Narita Airport, near Tokyo, set up the facility in its baggage-claim area for passengers awaiting the results of virus tests.
  • Results can come as quickly as six hours, but delays now mean many take as long as one or two days, a health official said.

South Korea's Daegu reports no new COVID-19 cases for the first time since February ~ 10 Apr 2020

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Re: The other side of the coin
« Reply #163 on: April 16, 2020, 07:33:32 AM »
Record 447 new COVID-19 cases in Singapore, 404 linked to dormitories, 145 cases unlinked and 4 new clusters, total at 3,699 ~ 15 Apr 2020

Can Singapore learn from Hong Kong’s sense of crisis? ~ 15 Apr 2020
Hong Kong correspondent Claire Huang discusses Hong Kong’s strategy to contain the spread, as it sees a declining number of new cases, in contrast to Singapore’s increase in recent days.

Expert: Circuit breaker should be extended by two weeks ~ 14 Apr 2020

Singapore’s first lady gives cryptic response to Taiwan’s gift of face masks ~ 13 Apr 2020
Errrr.  Means : Where does our monetary interests lie? China or Taiwan. ~ Seekerone D :cash:

Singapore’s Ho Ching thanks ‘friends in Taiwan’ after quibble over masks donation ~ 13 Apr 2020
  • Ho, who is married to the Lion City’s Prime Minister Lee, sparked heated online discussions after commenting on masks donated from Taiwan.
  • The self-ruled island’s foreign ministry has acknowledged its ban on exporting masks had previously caused disruptions to Singapore.
‘Cut back on the back-patting’: Singapore’s coronavirus response loses its shine as critics speak out ~ 10 Apr 2020
  • Prime Minister Lee Hsien Loong’s government faces escalating criticism over a surge of infections at foreign worker dormitories.
  • Meanwhile, many citizens seem to be flouting tough ‘circuit breaker’ measures aimed at containing a resurgence in community transmissions.

‘Massive’ Covid-19 cluster sparks Punggol HDB residents’ worst fears ~ 10 Apr 2020

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Re: The other side of the coin
« Reply #164 on: April 17, 2020, 08:27:54 AM »
Singapore reports record 728 new COVID-19 cases, total at 4,427 ~ 17 Apr 2020
With the 728 additional cases, the total tally of Covid-19 infections in Singapore have surged to 4,427, of which 10 have died, 683 have been discharged and 23 are in critical condition.

Life at the Singapore Expo: A COVID-19 patient shares his experience in a community isolation facility ~ 14 Apr 2020
"I was very shocked to see that there was such a facility that was built and could hold so many people," he explained. "It's one thing to see the pictures, but when I saw it in real life, I was still very shocked."

Singapore Expo is the Republic's second community isolation facility. This facility has been operational since Friday (Apr 10). It will house 2 types of patients – recovering patients and "early patients".

首家方舱医院休舱!武汉这三个地点全部实现“床等人” ~ 2 Mar 2020
方舱医院16家,可用床位13,467张,空 余床位7,255张。

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Re: The other side of the coin
« Reply #165 on: April 17, 2020, 11:32:24 AM »
无名英雄:全民团结抗疫 向前线工作者致敬


More mass screenings coming soon ~ 17 Apr 2020

Malaysia reports 110 new COVID-19 cases, total at 5,182, death toll now at 84 ~ 16 Apr 2020

More students from religious schools expected to test positive for COVID-19, says Malaysian health ministry ~ 16 Apr 2020

Health D-G: No Covid-19 cluster among foreign workers so far ~ 16 Apr 2020

行管令延长拖慢复原 今年GDP最坏倒退4% ~ 13 Apr 2020

Time to send students stranded on campus home, says Syed Saddiq ~ 10 Apr 2020

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Re: The other side of the coin
« Reply #166 on: April 19, 2020, 01:18:49 PM »
Singapore overtakes Malaysia in Covid-19 cases with 942 new cases, total at 5,992 ~ 18 Apr 2020

Malaysia records 54 new COVID-19 cases, total at 5,305, death toll at 88 ~ 18 Apr 2020

Singapore leader’s wife blasts criticism on nation’s virus spike ~ 18 Apr 2020
“To fight this covid, we should expect mistakes, trips and falls,” she said. “When that happens, we pick ourselves up and correct course, and run again.”

How Malaysia is winning the war against COVID-19 ~ 16 Apr 2020
  • In Malaysia, a country of 31 million people, over 5,000 have been infected with COVID-19 and 83 fatalities have been reported. A few weeks ago, the country had the highest confirmed cases in the region with triple digit cases recorded every single day.
  • However, on 15 April, Malaysia reported 85 new cases, a significant plunge after a few weeks of high infections. Out of the 5,072 COVID-19 cases reported in the country, more than 50% have been cured. Malaysia’s strategies in attempting to break the chain of infection appears to be successful so far.
  • On 15 April), Malaysians received a broadcast short message service (SMS) from the Malaysian National Security Council (MKN) stating that the third phase of the country’s Movement Control Order (MCO) had begun – effective from 15 April and due to end on 28 April. The decision to extend the MCO was announced on 10 April by Malaysia’s prime minister, Muhyiddin Yassin.
  • Malaysia first enacted a partial lockdown on 18 March and has since extended the initial two-week MCO twice. Going into phase three of the MCO, authorities hope that this could break the chain of infections and flatten the curve.

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Re: The other side of the coin
« Reply #167 on: April 19, 2020, 05:06:24 PM »
Hin Leong Tading files for bankruptcy protection ~ 18 Apr 2020

Oil trader Hin Leong tell debtors to pay banks, cancels bunker supplies from Apr 18 ~ 17 Apr 2020
  • Hin Leong's credit lines were frozen by a group of its lenders last week, triggering liquidity issues and raising concerns about losses among top oil traders due to the oil price collapse.
  • Hin Leong owed a total of US$3.85 billion to more than 20 banks, according to multiple market sources. Out of this, US$2.85 billion (around S$4 billion) was already due and the remaining US$1 billion was due at the end of the year.
  • The Hongkong and Shanghai Banking Corp Lts or HSBC has the largest exposure to Hin Leong at US$600 million, followed by ABN AMRO with US$300 million and Societe Generale with US$200 million. Singapore's main banks with exposure are DBS with US$300 million, OCBC with US$250 million and UOB with US$120 million.
汇丰控股00005.HK closed @ HK$39.50 (-0.20, -0.50%) on 17 Apr 2020

Banks freeze credit to Singapore oil trader after price crash ~ 10 Apr 2020

HSBC dividend halt stirs Hong Kong shareholders' outrage ~ 8 Apr 2020

英國下令匯豐銀行不派息 引發香港投資者不滿 ~ 7 Apr 2020

Dividend halt puts HSBC at risk of losing core investors ~ 6 Apr 2020

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Re: The other side of the coin
« Reply #168 on: April 20, 2020, 08:14:13 PM »
Hong Kong reports zero new coronavirus cases for first time since early March ~ 20 Apr 2020
The Chinese-ruled city, which has avoided the exponential increases seen in other parts of the world, has confirmed 1,025 total cases and four deaths since the outbreak began in January. The previous day with no recorded cases was March 5.

1,426 new coronavirus cases in S'pore in new daily high, total at 8,014 ~ 20 Apr 2020
  • To date, more than 1% of the 323,000 foreign workers living in dormitories have tested positive for the virus.
  • Of the 43 large purpose-built dormitories, 26 have reported active clusters, as well as several smaller factory converted dormitories.
  • The majority of the Covid-19 cases here are work permit holders residing in foreign worker dormitories.
Asia Today: Singapore sees huge surge in new virus cases ~ 18 Apr 2020

Coronavirus: Experts say big jump in infections is stretching the healthcare system ~ 17 Apr 2020

Hotels used to house Singapore’s migrant workers as Covid-19 cases continue to surge ~ 17 Apr 2020

Coronavirus: Sports Hub's OCBC Arena, selected ActiveSG indoor halls to house foreign workers ~ 17 Apr 2020

Coronavirus: Diamond HDB blocks in Taman Jurong to house healthy foreign workers in essential services ~ 17 Apr 2020

Coronavirus: Healthy migrant workers to be housed at void decks and multi-storey carparks at HDB construction sites ~ 11 Apr 2020

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Re: The other side of the coin
« Reply #169 on: April 21, 2020, 08:14:56 AM »
COVID-19: New Zealand extends lockdown until 27 April, before deciding to ease measures ~ 20 Apr 2020
‘No paranoid rambling, no blame-shifting’ — New Zealand Prime Minister Jacinda Ardern hailed as world’s ‘most effective leader’. As of Monday (20 Apr 2020), the Pacific nation only recorded nine new cases of COVID-19 and no new deaths. This brings the total tally in the country to 1,440 cases with 12 fatalities.

New Zealand Prime Minister Jacinda Ardern: The COVID-19 media conference with officials ~ 20 Apr 2020

Japan PM Abe's cloth mask handout program kicks off ~ 17 Apr 2020
  • Japan Post is expected to complete the delivery to 50 million households nationwide by the end of May.
  • The government will spend 46.6 billion yen ($432 million) on the mask delivery scheme, which has drawn derision on social media and has been dubbed "Abenomask," a pun on Abe's "Abenomics" economic policy.
COVID-19: One reusable mask will be given out to each Singapore resident from 5 Apr 2020 to 12 Apr 2020 ~ 3 Apr 2020

Abenomask? Prime minister's 'two masks per household' policy spawns memes on social media ~ 2 Apr 2020

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Re: The other side of the coin
« Reply #170 on: April 21, 2020, 10:35:48 AM »
Tackling Covid-19 among Singapore's foreign workers  | Talking Point ~ 20 Apr 2020
So, the worst-case scenario is that...we have an extra 40,000 cases of COVID-19.

Expert: Dormitories could see 10,000 to 20,000 infections in April ~ 16 Apr 2020

Hope over fear | Exclusive interview with Dr. Leong Hoe Nam ~ 12 Apr 2020

Doctor who previously answered  COVID-19 FAQS back again, asks Singaporeans to use common sense ~ 9 Mar 2020

Dr Leong Hoe Nam is an infectious disease specialist practising at Mount Elizabeth Novena Hospital, Singapore.

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Re: The other side of the coin
« Reply #171 on: April 22, 2020, 09:23:27 AM »
Malaysia reported 57 Covid-19 new cases, total at 5,482, three new fatalities, death toll now at 92 ~ 21 Apr 2020
Malaysia is in its 35th day of the Movement Control Order (MCO), where people are instructed to stay at home and movement is heavily restricted. The MCO is scheduled to end on April 28

1,111 new coronavirus cases in Singapore, total at 9,125, lockdown to be extended to June 1 ~ 21 Apr 2020

确诊病例维持4位数 新加坡延长阻断措施至6月1日 ~ 21 Apr 2020

新加坡疫情二次爆发背後:被“忽視”的30萬底層外勞 ~ 21 Apr 2020

The coming impact of COVID-19 contraction in ASEAN ~ 21 Apr 2020
  • After the COVID-19 earthquake and a historical contraction, China is rebounding.
  • Advanced economies face a depression-like plunge.
  • The consequent tsunami is about to hit Southeast Asia.
Figure 1 Cumulative confirmed cases in ASEAN-5

Figure 2 Expected coronavirus contraction in ASEAN-5

APEC region faces US$2.1t output loss in 2020 due to Covid-19 ~ 21 Apr 2020

《全球大流行》东南亚疫情升温 - 专家忧成重灾区 ~ 20 Apr 2020

Asia Today: India, Singapore see record numbers of new cases ~ 20 Apr 2020
The number of new coronavirus cases in Singapore has more than doubled over the past week amid an explosion of infections in crowded dormitories for foreign workers, which now makes up around 60% of Singapore's cases.

'Unprecedented' cooperation within ASEAN necessary to fight COVID-19, say analysts ~ 15 Apr 2020

Coronavirus: global trade braces for ‘tidal wave’ ahead, as shutdown batters supply chains ~ 3 Apr 2020
  • A series of data points show where world trade is going, and the picture for air and sea freight is not a pretty one.
  • Supply and demand crises are coalescing on the high seas, as more countries shut their borders.

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Re: The other side of the coin
« Reply #172 on: April 26, 2020, 12:40:14 PM »
618 new COVID-19 cases in S'pore, total at 12,693, Seven new cases are S'poreans or PRs ~ 25 Apr 2020
7 new Covid-19 clusters in S'pore, including Northpoint City in Yishun; 597 of 618 new cases are workers in dormitories.

COVID-19 surge exposes ugly truth about Singapore’s treatment of migrant workers ~ 24 Apr 2020
Singapore’s coronavirus escalation lays bare the “parallel universe” of poor conditions endured by migrant workers who are essential to the affluent city-state.

Singapore ponders mass testing as COVID-19 outbreak balloons ~ 24 Apr 2020
  • Singapore’s early public rhetoric indicated a reluctance to test widely, with a focus on those with symptoms to avoid wasting tests. Kenneth Mak, the health ministry’s director of medical services, said in early March that “community testing for all people, irrespective of whether they have symptoms or not, will generate a lot of activity” but have a low yield.
  • The health ministry’s website says it had swabbed about 14,500 unique individuals per million as of April 20, with more than 80,000 unique people tested in total.
  • The possible move comes as South Korea, which launched a massive testing campaign, managed to slow the growth of infection by early March. Due in part to its actions, the epidemic spiked quickly in the country but also ebbed rapidly.
  • Hong Kong also widened its virus response beyond contact tracing to include community testing as it became apparent the coronavirus was different from 2003’s Severe Acute Respiratory Syndrome, where those infected fell seriously - and obviously - ill.

Singapore proves there's no textbook virus response: Daniel Moss ~ 22 Apr 2020
  • You could point to the lack of stricter measures to date for the rapid increase. But in retrospect, the 43 foreign-worker dormitories were an accident waiting to happen. Conditions in these housing units meant that once the virus got a toehold, swift transmission was inevitable.
  • Perhaps the best lesson from Singapore is that there is no single playbook to combat an adversary that disregards boundaries. Even the most efficient and risk-averse countries have been sideswiped. The pandemic responses of the future may wind up splicing together the most effective steps taken around the world — unfortunately, that's a template we may not see for years to come.
Winning the battle against a virus | On the Red Dot | Full Episode ~ 21 Apr 2020
Singapore confirms 1st case of virus on 23 Jan 2020. The patient is a 66-year-old Chinese national and a resident of Wuhan.

Explainer | How did migrant worker dormitories become Singapore’s biggest coronavirus cluster? ~ 17 Apr 2020
The first infected migrant worker infection was reported on February 8, when a 39-year-old Bangladeshi man working at the Seletar Aerospace Heights construction site caught the disease. He had visited Mustafa Centre – a 24-hour shopping centre – before he was hospitalised, and stayed at The Leo dormitory. The Seletar Aerospace Heights work site eventually became a cluster with five infections, but it was contained and only towards the end of March were migrant workers again reporting infections.

COVID-19: Bangladeshi worker, whose wife gave birth while he was in critical state, moves out of ICU ~ 17 Apr 2020
The patient, also known as Case 42, had spent more than 2 months in intensive care after testing positive for COVID-19 in February, and had to be put on a ventilator.
  • Case 42 is a 39 year-old male Bangladesh national who is a Singapore Work Pass holder, and has no recent travel history to China.
  • He reported onset of symptoms on 1 February, and had sought treatment at a GP clinic on 3 February, and at Changi General Hospital (CGH) on 5 February.
  • He went for a follow-up appointment at Bedok Polyclinic on 7 February and was thereafter admitted to the intensive care unit at CGH.
  • Subsequent test results confirmed 2019-nCoV infection on 8 February afternoon, and he was transferred to NCID.
  • Prior to hospital admission, he had visited Mustafa Centre (145 Syed Alwi Road), and stayed at The Leo dormitory (25 Kaki Bukit Road).
Singapore's first Wuhan virus case: Sentosa hotel sanitises rooms where patient, companions stayed ~ 24 Jan 2020
The infected guest, a 66-year-old Wuhan native, had checked into the hotel with his family on Monday (20 Jan 2020).

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Re: The other side of the coin
« Reply #173 on: April 28, 2020, 07:55:34 AM »
Plan now for the new era in aviation ~ 28 Apr 2020
Singapore Airlines just announced that it will continue to cancel most flights until the end of June, and offer only limited connections to 6 South-east Asian cities, Tokyo, Los Angeles and London. If ever an industry had its wings clipped, metaphorically and literally, it is aviation. Some two-thirds of the world's 26,000 passenger aircraft have been grounded and as many as 25 million jobs are at risk.

SIA Group reserves liquidity for aircraft purchases ~ 27 Apr 2020

Historic arrival of 4 Singapore Airlines A380s for the first time ever in Alice Springs - Australia ~ 26 Apr 2020
Singapore Airlines to move a fifth of A380 fleet to desert storage.

银行交通物流发电业 因油市震荡备受关注

来自 / 联合早报
文 / 王阳发发布 / 2020年4月25日 3:30 AM


今年国际原油市场暴发的大震荡,不只导致设在本地的国际著名石油贸易商兴隆贸易(Hin Leong Trading)轰然倒下,震波似乎也传到本地好些挂牌公司,银行、交通、物流和发电业者的受影响程度立即引起市场注意。

大华银行、华侨银行和星展集团的股价本周跌2.30%至3.16%,它们在兴隆的曝险合计6亿美元(8亿5000万新元)。用油大户方面,正在发售附加股集资的新航(SIA)本周跌3.05%,康福德高(ComfortDelGro)下挫5.92%,胜科工业(Sembcorp Industries)跌6.25%。


市场早已预期新航将蒙受巨额的燃油对冲亏损。银河—联昌证券研究主管林秀琪日前接受《联合早报》访问时便指出,在新航宣布发售附加股之前,该行已经在一份报告中预期,新航的对冲亏损将使它的资产负债表在第四季蒙受高达19亿元(US$1.9 billion)的负面冲击。







Offline zuolun

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Re: The other side of the coin
« Reply #174 on: April 30, 2020, 02:15:44 PM »
In short, current rally is bear market rally

What is a Dead Cat Bounce(死猫跳)
  • Dead Cat Bounce(死猫跳)~ A temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions (commonly known as short-covering).
  • From a technical perspective, a "dead cat bounce" is a strong sell signal, i.e. sell (or short-sell) on strength and buy-back (cover-short) at lower prices.
SingPost ~ Dead Cat Bounce(死猫跳)

SingPost closed with an inverted hammer @ S$0.715 (+0.01, +1.4%) with 4.07m shares done on 29 Apr 2020.

Immediate support @ S$0.695, immediate resistance @ S$0.73.

SingPost ~ Trading in a downward sloping channel, interim TP S$0.79

SingPost closed with a long-legged doji unchanged @ S$0.92 with 3.76m shares done on 30 Aug 2019.

Immediate support @ S$0.90, immediate resistance @ S$0.935.

The CEO of a listed-company, ABC invested company's fund, $1 billion in a company called XYZ with full knowledge that it would go bankrupt soon. Prior to the investment decision, he had liaised a 50/50 split with the owner of company XYZ that each would get $500 million once he got the money. After a while, company XYZ really went bankrupt. It didn't affect the CEO personally as the $1 billion in losses were attributable to the listed-company ABC. So what's rightfully company ABC’s money has now become the CEO's personal money, and it’s all legal and above board.

Commentary: Are SingPost’s lapses indicative of a deeper malaise in the company? ~ 31 Jan 2019
  • The last acquisition made by the then board and executive committee – the US e-commerce company TradeGlobal – cost the company S$236 million but had to be impaired by S$185 million just one-and-a-half years after.
  • The board had also recruited then 37-year old Dr Wolfgang Baier as CEO (International) in 2011 and promoted him to Group CEO the same year. They also appointed Dr Sascha Hower Group Chief Operating Officer in 2012 when he was 33. Both left in 2016.
  • A third concern was whether the management team was equipped to integrate and manage the new businesses. Based on the disclosures of their profiles at the time of the appointment, Dr Baier and Dr Hower were career consultants with little or no experience managing companies. Several other consultants were also appointed to key management positions.
  • Then there was the high turnover of management, both in the years preceding the appointment of Dr Baier, and following his departure. Stock exchange rules only require disclosure when directors and certain key officers leave so it is unclear whether this was indicative of a similarly high employee turnover throughout the company.
Singapore’s Government-Linked Companies need to face up to disruption ~ 11 Nov 2017
Temasek holds 52% of Singtel’s shares, which gives it control over Singtel’s associate company – SingPost. SingPost is Singapore’s postal service provider and designated Public Postal Licensee. Net profit has fallen from a restated amount of S$248.9million (US$183 million) in 2016 to S$33.4 million (US$24.6 million) in 2017. Its market capitalisation value stands at S$2.9 billion (US$2.1 billion), and its average share price continues its downward trend.

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Re: The other side of the coin
« Reply #175 on: April 30, 2020, 03:40:12 PM »
Where did the airlines park their airplanes? WOW! ~ 15 Apr 2020

This is where U.S. airlines are parking their biggest planes during the coronavirus pandemic ~ 6 Apr 2020

Parking pain: Airlines, airports hunt for storage space as coronavirus idles planes ~ 24 Mar 2020
The number of planes in storage has doubled to more than 5,000 since the start of the year, according to Cirium data, with more expected to be parked in the coming weeks as carriers like Australia's Qantas Airways Ltd and Singapore Airlines Ltd proceed with further announced cuts to flight schedules.

Here is where airlines are parking all those grounded planes as travel dries up ~ 24 Mar 2020
  • Grounding a 130,000-pound plane involves more than just a big stretch of pavement.
  • Aircraft storage facilities typically charge a base rate simply for parking a plane. The biggest expense is the cost of the aircraft services to keep the plane maintained and ready to return to operation.
  • At Tulsa International Airport, the standard parking rate for an aircraft is 40 cents per thousand pounds a day. That means that a Boeing 777-300ER that weighs roughly 370,000 pounds would cost around $150 a day to store.
  • In addition to the cost of parking, a facility may charge maintenance costs that begin at about $2,000 per plane a month, depending on the services required, according to published reports.

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Re: The other side of the coin
« Reply #176 on: April 30, 2020, 04:37:34 PM »
Technical analysis says supports don't hold in bear markets just as resistance doesn't in bull markets.

Oil’s scary replay: Physical U.S. crude could go negative in 2 weeks ~ 29 Apr 2020

Oil moves mixed on easing lockdowns, looming storage shortage ~ 28 Apr 2020
  • Brent crude rose 4%, to $20.77 a barrel, following a 6.8% slide on Monday (April 27).
  • WTI crude was down 4%, at $12.32 a barrel against 25% plunge on Monday (April 27).
Singapore coastline packed with ships full of oil no one wants ~ 27 Apr 2020
  • About 60 tankers are anchored off Singapore, with some being used to store fuel at sea while others are sitting out the Covid-19 pandemic.
  • The glut has been compounded by offloading delays, with vessels having to wait about two weeks to discharge cargoes, leaving ships stranded.
Oil tank farm and ships off the coast of Singapore, 8 March 2020.

Boats sail past Pulau Bukom oil refinery along the southern coast of Singapore.

Oil storage tanks on Jurong island off Singapore.

Welcome to the great emerging-market schism: A virus-made split ~ 27 Apr 2020

Dozens of oil tankers wait off California's coast as the pandemic dents demand ~ 27 Apr 2020

The oil tanker Pegasus Voyager sits off the coast as a man sits and watches in a park in Long Beach, Calif., on April 22. Many vessels are parked between Long Beach and the San Francisco Bay Area with nowhere to go due to lack of demand and nowhere to store the oil.

Hedge fund CIO: "The oil price is a rare indicator of what is still real in this market" ~ 27 Apr 2020
Crude utterly collapsed. 300% in a single trading day. Sellers paid $37.63 to buyers.

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Re: The other side of the coin
« Reply #177 on: May 02, 2020, 04:37:44 PM »
Singapore reports 447 new COVID-19 cases,  total at 17,548, four cases are S'poreans or PRs ~ 2 May 2020

Coronavirus statistics: what can we trust and what should we ignore? ~ 2 May 2020

新冠肺炎:巴西圣保罗挖1.3万墓穴 迅速下葬没时间道别 ~ 2 May 2020

卜基发灾难财 每日开赌新国冠病确诊数据 ~ 22 Apr 2020

Singapore casino resorts confirm shutdown extends to June 1 ~ 22 Apr 2020

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Re: The other side of the coin
« Reply #178 on: May 08, 2020, 08:49:55 AM »
FLCT today very strong closed 1.08
Lucky didn’t sell today

「有早知冇乞儿」 = 当初如果你早知道的话;今日你就不会做乞丐了!

F&N provides guarantees for Charoen Sirivadhanabhakdi's Starbucks Thailand deal ~ 14 Feb 2020
F&N will offer corporate guarantees to third-party lenders for associate Coffee Concepts (Thailand) Co’s financial obligations. The corporate guarantees (up to S$129.8m), are for loan facilities related to Coffee Concepts (Thailand) Co’s purchase last year of Starbucks’ Thailand business.

Thai billionaire Charoen builds empire with Fraser and Neave Ltd (F&N) takeover ~ 22 Jan 2013

F&N ~ Closed @ S$1.49 (Dead Cat Bounce +S$0.44), support @ S$1.45 ~ 30 Apr 2020


有感而发 ~ F&N的妈妈股和姐妹股让我想我的一根烂牙。本来在2013年我只需要付几十块钱就可以拔掉的。可是当年我并没有立刻去做;反而拖到今年(2019年6月11日)才拔掉它。你知道我付了多少倍才能够拔掉那根烂牙吗?答案是:六倍!


F&N (adjusted for any splits) rose to high of $9.60 per share in 2013. After divesting its stakes in Asia Pacific Brewery, F&N returned capital of $3.70 per share to shareholders. Following which, in the same year, the group spun off its property arm Frasers Centrepoint (FCL) and shareholders got a dividend in specie distribution of two FCL shares for every F&N share they own. Each share of FCL had a book value of $2.04 then. After adjusting the stock for the capital reduction and dividend in specie exercise, the theoretical residual value for the F&N stock should be $1.82.

F&N ~ Potential Double Bottom, critical support @ S$1.635

F&N closed with a black marubozu unchanged @ S$1.72 with extremely thin volume done at 33,600 shares on 14 Jun 2019.

Immediate support @ S$1.705, immediate resistance @ S$1.76.

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Re: The other side of the coin
« Reply #179 on: May 09, 2020, 08:30:16 AM »
十年人事几番新,人生能有多少个十年? (odie living in a dreamland, after a one-night stand with F&N @ S$8.82)

Zuolun bro,

Can always buy high and sell high

Like F&N, I buy at sky high 8.82
And waited until it split to frasers property limited to sell at 1.69 and F&N at 3.07 although it is now at $2, I am happy with small profits

「有早知冇乞儿」 = 当初如果你早知道的话;今日你就不会做乞丐了!
F&N ~ Closed @ S$1.49 (Dead Cat Bounce +S$0.44), support @ S$1.45 ~ 30 Apr 2020

Zuolun bro,

Frasers commercial closed 1.59
52 weeks high
Rights issue coming

FLCT today very strong closed 1.08
Lucky didn’t sell today

Frasers Commercial unitholders approve S$1.54B merger with Frasers Logistics ~ 11 Mar 2020
Merger between FLT and FCOT completed w.e.f. 29 April 2020, the company has been renamed as FLCT.


Frasers Logistics, Frasers Commercial Trust said to be planning to merge ~ 28 Nov 2019
Frasers Property, backed by Thailand’s TCC Assets, is the main sponsor for both REITs.

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Re: The other side of the coin
« Reply #180 on: May 10, 2020, 09:15:23 AM »

All leverage products are risky
If I don’t understand, I won’t buy

Zuolun bro,

Frasers commercial closed 1.59
52 weeks high
Rights issue coming

FLCT today very strong closed 1.08
Lucky didn’t sell today

Nope, understanding a stock before buying is secondary to odie.

odie always likes to buy stocks to gamble and holds onto them until they're rotten when the bets are unprofitable (from punting becomes longterm investment).

Of all the stocks, F&N is one of the unforgettable stocks that odie doesn't understand yet go ahead to buy it @ S$8.82 in 2012.

Until to-date (from 2012 to 10 May 2020), odie still doesn't understand why FLCT (one of F&N's affiliated companies) plunged to a low of S$0.625 on 19 Mar 2020 and closed @ S$1.06 on 8 May 2020.

Frasers Commercial closed @ S$1.59 on 14 Jun 2019 [S$1.59 (b4 merging was FCOT) - S$1.06 (after merging known as FLCT) = -S$0.53].


Frasers Commercial unitholders approve S$1.54B merger with Frasers Logistics ~ 11 Mar 2020
Merger between FLT and FCOT completed w.e.f. 29 April 2020, the company has been renamed as FLCT.

Frasers Logistics, Frasers Commercial Trust said to be planning to merge ~ 28 Nov 2019
Frasers Property, backed by Thailand’s TCC Assets, is the main sponsor for both REITs.

Performance chart ~ Fraser and Neave + affiliated companies as at 8 May 2020

Performance chart ~ Fraser and Neave + affiliated companies as at 2 Dec 2019

「有早知冇乞儿」 = 当初如果你早知道的话;今日你就不会做乞丐了!

F&N ~ Closed @ S$1.49 (Dead Cat Bounce +S$0.44), support @ S$1.45 ~ 30 Apr 2020

Offline zuolun

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Re: The other side of the coin
« Reply #181 on: May 13, 2020, 02:02:47 PM »
SocGen's SIA 5x Short DLC speculation Vs Bank of China's WTI speculation
  • SocGen is a market maker for the derivative product, SIA 5x Short DLC.
  • BOC is a market maker for the derivative product, 'paper oil' or “原油宝”.
    (每一笔“原油宝”交易都是中国银行和客户双方直接的交易,没有通过第三方协助完成,中国银行并非中介而是证券庄家(market maker),中国银行与客户之间的“原油宝”交易合同属于买卖合同,中国银行作为合同当事人有权行使撤销权。)
What is a market maker?
A market maker is a individual market participant or member firm of an exchange that also buys and sells securities for its own account, at prices it displays in its exchange's trading system, with the primary goal of profiting on the bid-ask spread, which is the amount by which the ask price exceeds the bid price a market asset.


SocGen extends one-off payment after investors of SIA shorts protest; SGX opens probe

By Lynette Tan
Tue, May 12, 2020 - 10:21 pm

Societe Generale (SocGen) is extending a single exceptional payment as a "goodwill gesture" to investors of the 5x Short Singapore Airlines (SIA) daily leverage certificates (DLCs), after some of them protested against what they saw as the lack of timely disclosure and unfair pricing by the investment bank.

The Singapore Exchange has said that it has commenced investigations into the matter.

SocGen, the issuer of the certificates, announced on Tuesday that it will pay 30 Singapore cents per certificate. The payment will be made to registered holders of the certificates as of May 11. Mechanics for the payment are being confirmed and registered holders will be notified in due course.

SocGen said: "We emphasise that the goodwill payment amount is not intended to compensate investors for all losses, given the risks investors assumed in purchasing these structured products."

But it added that the payment shows its "recognition of the ongoing importance of making prompt notifications to investors of adjustments and similar important events".

The payment is not linked to the pricing of the mandatory convertible bond (MCBs) issue by SIA, SocGen said.

Traders of the certificates had complained last week after SocGen adjusted the pricing of SIA securities lower than what they had expected, by taking into account both SIA's rights issue and mandatory convertible bond issue.

DLCs are instruments that move either up or down based on the price of an underlying asset. A 5x Short DLC will move inversely to the underlying asset price by a factor of five, so a 20% increase in SIA's share price would produce a 100% loss on the 5x Short SIA DLC.

SocGen's move was seen to have sped up the surge in SIA shares on May 6, triggering an "airbag mechanism" which suspended trading in the DLCs. Traders therefore cried foul, saying they would have had more time to react if the higher price was used or if SocGen had made its position clear sooner.

SocGen said on Tuesday that it considers itself to have acted "appropriately and reasonably" in what were, and remain, "complex and exceptional" circumstances.

On Tuesday night, SGX said in a statement: “In respect of the adjustment announcement, our regulatory focus is centred on ensuring timely disclosure. We require that adjustments be announced once it is determined, but in no event later than the market day prior to the effective date. We have commenced investigations into the circumstances leading to SocGen adjustment announcement.”

Exotic SocGen financial product shorting SIA shares now worth zero ~ 11 May 2020

Bank of China's mulls oil-linked loss absorption ~ 4 May 2020
The state-owned lender could absorb part of the over $1 billion in losses after sub-zero oil prices hit 60,000 retail investors and led to public outcry.

Did WTI collapse burn US$1 billion hole in Bank of China investors’ pockets? ~ 27 Apr 2020
The number of clients affected is not final and subject to change as more branch data is examined: sources. BOC investment vehicle offered Chinese retail investors access to WTI oil futures without opening an offshore account.

In depth: A bitter, $1.4 billion lesson on commodity price speculation

By Wu Hongyuran, Liu Caiping, Peng Qinqin and Han Wei
Apr 27, 2020 06:53 am

The epic crash last week of crude oil taught 60,000 Chinese investors a bitter, 10 billion yuan ($1.4 billion) lesson on the risks of speculating in commodity prices.

The clients of Bank of China (BOC), one of the country’s largest state-owned lenders, were trying to buy on a dip in crude prices using a paper investment product known as Yuan You Bao. Little did they expect that values would keep on plunging past zero and well into negative territory.

One investor told Caixin that his entire 50,000 yuan ($7,063) investment in the bank’s Yuan You Bao product linked to West Texas Intermediate (WTI) futures evaporated April 22 after prices dropped below zero. That left him owing 80,000 yuan to the bank. Another investor took a 9.2 million yuan loss on a 3.9 million yuan investment and ended up owing 5.3 million yuan, a screenshot of a transaction record circulating online showed.

Futures contracts are investments linked to the value of certain commodities on a specified date in the future and trade on markets around the world. Chinese investors are barred from the foreign oil futures markets, and commercial banks are not allowed to participate in domestic futures trading. But they can offer broker services for derivative investments linked to foreign futures markets. That’s where the Yuan You Bao products come in.

It isn’t clear how much Chinese investors lost on the product. But sources with knowledge told Caixin that BOC had more than 60,000 investors in Yuan You Bao who put 4.2 billion yuan into margin deposit accounts. Based on the settling price after the April 21 oil collapse, the investors owed 5.8 billion yuan to the bank on top of the loss of their initial investments, wiping out a total of 10 billion yuan.

The investors were caught up in a catastrophic crash of oil prices resulting from a collapse in global energy demand amid the Covid-19 pandemic and widespread shutdowns of commerce on all levels. The value of the benchmark WTI crude May futures contract, traded on an exchange operated by the American giant CME Group Inc., plunged to a historic low April 21 of a negative $37.63 a barrel, meaning producers would have to pay buyers to take delivery of oil.

The episode spotlights how China’s mom-and-pop investors betting on swings of oil through cheap access provided by Chinese lenders can be exposed to massive losses. While they are generally prohibited from directly investing in foreign crude futures markets, such investors can buy banks’ paper crude products offered without opening an offshore account. The investments are pegged to the flat price of the front-month contract and are settled in Chinese yuan.

The case also raises questions about whether there were significant design flaws in the BOC product that put people with low risk tolerance into high-risk investments, industry experts said. The contracts themselves may be in a regulatory gray zone as they are structured to sidestep legal restrictions on risky investments in futures markets, regulatory experts said. Moreover, the peculiarities of the BOC product may have exposed investors to a last-minute attack by predatory short sellers.

In addition to BOC, several other major banks including the Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), China Construction Bank (CCB), Bank of Communications (BoComm), Minsheng Bank and Ping An Bank have launched similar products over the past few years.

Since March, such products have become popular among retail investors betting on crude prices to rebound as they fell to $20 a barrel, a bank trader told Caixin. A surge of buyers forced ICBC to halt sales of the investments March 13 after the bank used up its government-set foreign exchange quota for the products, an ICBC source said.

More than 100,000 Chinese retail investors flooded into the market though paper crude products and never expected prices to slide below zero, market sources said. The three biggest sellers of the investment vehicles — ICBC, CCB and BOC — held a combined $3 billion of positions in futures contracts linked to prices for WTI and ICE Brent, another oil benchmark, according to an estimate by a futures company manager.

Most of the banks halted sales of the products after BOC’s catastrophic losses. BOC suspended its Yuan You Bao clients from opening new positions starting April 22, allowing them only to close positions.

Paper crude investors with ICBC and CCB may have been luckier than BOC clients because they limited losses by settling May contracts earlier. Banks agreed with investors on a certain day before contract expiration to close positions or roll over investments — opening positions for the next month’s contracts while closing the current ones. But the day for BOC clients to settle contracts happened to be the very day of the unprecedented crash.

Under the product agreement, BOC froze investors’ accounts at 10 p.m. April 20, the day before contract expiration, to settle outstanding positions. WTI contracts were trading at $11 a barrel in the U.S. But in the following hours, the price took a nosedive to as low as minus $40 and settled at a negative $37.63 a barrel as of 2:30 a.m. April 21 in Beijing. During that period, investors could do nothing but watch their investments vanish and debts pile up.

On April 22, BOC said investors had to settle their positions at the Monday WTI settlement price of minus $37.63 a barrel, leaving them with huge losses and money owed to the bank. Angry investors flooded onto the internet to protest, accusing the bank of flaws in the product design and demanding that BOC shoulder some losses. But the bank maintained that it settled the contracts in accordance with guidelines agreed with clients.

According to BOC materials, the Yuan You Bao product requires 100% margin deposits and does not allow any leverage. Several banking sources told Caixin that the paper crude products are normally registered with the banking industry regulator as R3 level wealth management products, meaning they are balanced investment options with medium risk.

“How come the investors were exposed to losses that are multiples of their initial investments?” demanded one BOC investor.

Several lawyers questioned whether the products failed to comply with investor suitability requirements.

“It is seriously unmatched to its risk assessment,” one lawyer said.

The extreme situation

It was a situation where the “trading mechanism encountered an extreme situation in the extreme,” a bank trader said.

Some investors said the bank should have acted to settle the contracts shortly after 10 p.m. when the price was still around $10 a barrel. But BOC said rolling over investors’ positions doesn't start right after the accounts are closed and must follow the settlement arrangement with brokers. During this period, BOC doesn’t follow the market or take any action on clients’ accounts, according to the bank.

The paper crude investments can be divided into two separated parts. One part is the deal between banks and Chinese retail investors on derivative contracts linked to global crude futures benchmarks, which don’t involve oil delivery in the end. The other part is an agreement between the banks and brokers in real futures trading. BOC hired JPMorgan Chase & Co. and BOC International Holdings as its brokers for offshore crude futures trading, Caixin learned.

Most of the paper crude products sold by Chinese banks allow investors to leave their positions to be automatically rolled over to the following month’s contract. In 2019 when oil prices rose steadily, investors earned yields of more than 10% annually without doing anything while banks profited by simply helping clients maintain their positions.

It wasn’t until January this year that investors realized the seemingly easy investments could carry high risks, a futures manager said. After the April 14 settlement, some ICBC clients found that the value of their positions shrank by nearly one-fourth.

Many industry insiders said they were puzzled that BOC set its settlement date only one day before the monthly contract expiration, giving itself little flexibility to deal with potential price fluctuations. Anyone holding WTI futures after they expire could be forced to take delivery of crude in the U.S. oil hub of Cushing, Oklahoma.

A futures industry source said the arrangement might reflect BOC’s attempt to compete with other banks’ similar products. A later settlement date means the prices are closer to the final market prices and could reduce the costs of rolling over positions under the normal market liquidity condition, a brokerage manager said.

But market liquidity was not normal this time for BOC. An industry insider said the bank’s positions were targeted by international short sellers who in just few minutes drove down the crude prices that are crucial for settling the May contract price.

The price of WTI May contracts was under pressure since April 8 when the United States Oil Fund (USO), the biggest exchange-traded fund tracking crude prices, cut its positions over four straight days. The price gap between the May and June contracts further widened after ICBC and CCB rolled over their positions April 14. Both banks agreed on settling their paper crude products five working days before the contract expiration.

When BOC started to roll over its positions April 20, “the money had been targeted” by short sellers, said a futures company manager.

With a fixed transaction time and little flexibility, “it is like showing the cards to rivals when playing Texas hold 'em,” a form of poker, an investor said.

BOC hasn’t disclosed how much in positions it held for Yuan You Bao clients, but several local regulators said the bank ordered local branches to report their client information. Data available showed that about 95% of the investors held long positions. A Caixin calculation showed that the losses based on the settlement price could amount to 9 billion yuan.

Bloom in grey zone

Unlike global futures investors who trade oil contracts in thousands of barrels, Chinese investors buying banks’ paper crude products can start with 0.1 barrel. The threshold for investors to tap the highly risky market is as low as 14 yuan. Banks split 1,000-barrel crude contracts into smaller tranches to sell to retail investors, a financial expert said.

“It transformed high-requirement and high-risk products and offered access to clients with low risk tolerance,” the expert said. “It is unclear how regulators assess the risks and nature of such products.”

“The banned individual investment (in foreign futures) is happening and even uses the yuan,” said a futures industry regulator.

Chinese regulators since 2017 barred individual investors from directly trading overseas futures contracts on concerns over financial risks following a surge of speculative and illegal investments.

Chinese retail investors can tap into the foreign futures market through funds offered by wealth management operations under the qualified domestic institutional investor (QDII) program. In 2013, ICBC launched the first paper crude product, offering an alternative path for investors to bet on foreign futures. Other banks quickly followed. Meanwhile, such products also help banks to bypass rules that prohibit them from participating in domestic futures trading.

The products are similar, allowing investors to take both long and short positions, linking to foreign futures, and requiring 100% deposits but low entry requirements. In addition to crude oil, banks offer a wide variety of products linked to foreign commodities contracts from copper to silver to soybeans.

A person close to the top securities regulator said the paper crude products offered by banks involve some gray-zone practices that were previously a target of a regulatory crackdown on illegal futures trading and provided ineligible investors access to foreign future markets.

Although banks distinguished their paper crude products from illegal futures trading by allowing zero leverage and collecting 100% deposits, it is still a de facto investment in futures markets that violated banking industry rules, the person said.

Whom to blame?

Yuan You Bao investors are exposed to risks of losing all of their deposits or even owing money to the bank, as CME Group started on April 15 to allow the WTI oil futures to be traded and settled at negative prices.

“The product design (of Yuan You Bao) had never taken negative value into account,” one banker said.

If BOC could closely monitor market changes and suggest that clients cut their positions in a timely way, things would be different, a bank executive said. “It reflects the operational risks, and banks must always consider the most extreme situations,” he said.

The incident thrusts BOC into the center of a controversy. Some industry sources said the bank should not ask clients to pay for the losses in excess of their deposits as the product required 100% deposits.

A lawyer said BOC should shoulder the risks of its overseas futures trading without translating the losses to Yuan You Bao investors because its trading systems with domestic investors and overseas brokers are separate.

Chinese regulations require futures trading companies to pay close attention to their clients to prevent losses exceeding deposits. If large-scale losses occur, the securities regulator will step in to investigate.

Chinese lenders have aggressively marketed paper crude products this year, recommending that investors buy on the dip. Public information showed that since early March, a BOC branch’s Yuan You Bao clients surged from 3,000 to 13,700. Weekly transaction value rose from 320 million yuan to 1.2 billion yuan.

Industry insiders criticized banks for inadequate risk disclosure to paper crude investors. One BOC staffer said Yuan You Bao was listed as a normal wealth management product.

“How can salespeople know about the risks?” said the staffer.

Offline zuolun

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Re: The other side of the coin
« Reply #182 on: June 02, 2020, 10:49:29 AM »
How the SWIFT system works

Hong Kong security law: China weighs risk US will go for ‘nuclear option’ and cut Beijing from the dollar payment system ~ 1 Jun 2020

Hong Kong’s justice department will make all decisions to prosecute suspects under new national security law: minister ~ 1 Jun 2020

Rush for US dollars forces Hong Kong money changers to turn away customers in droves after supplies run out ~ 30 May 2020
  • Demand for the currency surged after China’s legislature endorsed a resolution on a national security law for Hong Kong, shop owners say.
  • Residents fear the city’s currency could be unpegged from US dollar.

美元現鈔沒了! 香港"找換店"大排長龍 45分鐘兌走百萬美元 英鎊.日圓也一張難求 ~ 29 May 2020

US says Hong Kong 'no longer autonomous from China' ~ 29 May 2020

Hong Kong landlord stocks slumped to lowest levels since 2009 ~ 26 May 2020

30年前港片《表姐,你好嘢》 港姐鄭裕玲對白 神準預測九七後香港局勢 ~ 25 May 2020

China will likely face U.S. sanctions over Hong Kong national security laws: O'Brien ~ 24 May 2020

China about to obliterate “one country, two systems” in Hong Kong ~ 23 May 2020

Hong Kong stocks set for worst day since 2015 as Beijing pushes security law ~ 22 May 2020
  • The battered HSI led losses in Asian markets and was headed for its largest daily percentage drop since 2015.
  • The property sector sub-index slumped 8%, and was set for its worst day since 2008.
  • The sell-off was triggered by China’s proposed legislation, which empowers its parliament to establish legal system and enforcement mechanisms to ensure national security in Hong Kong and Macau, its other semi-autonomous city.
  • The HSI dropped 17.8% from peak to trough between April and August last year in the wake of months-long protests against a controversial Chinese extradition bill and heightened Sino-U.S. trade tensions.
  • Friday’s drop also eclipses any single-day fall during the height of unrest last summer, or during March’s panic selling as the coronavirus pandemic spread.

Offline zuolun

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Re: The other side of the coin
« Reply #183 on: June 03, 2020, 04:52:00 PM »
港版國安法:美國總領館承認放售壽山村道洋房 估值百億元 ~ 30 May 2020

US government invites bids on six multibillion-dollar Hong Kong mansions, even as White House revokes city’s trade status ~ 30 May 2020
  • The US government bought the land in June 1948 for an unknown price when Hong Kong was still a British colony. Construction on the site was completed in 1983. The US government has engaged CBRE as the sales agent to invite for bids for a cluster of exclusive homes at 37 Shouson Hill Road, valued at between HK$3.1 billion and up to HK$5 billion.
  • The invitation for tender is the US government’s ongoing review of its overseas real estate holdings as part of its global reinvestment programme, the US Consulate General said in an email.

美國總統記者會發表美中全面政策 ~ 29 May 2020

留给香港的时间不多了:一国两制寿终正寝?香港金融还能撑多久?联系汇率还能撑多久? ~ 29 May 2020

反制"港版國安法"出招!美擬撤港特殊貿易待遇 中國放話:將自吞苦果! ~ 28 May 2020

为了革命理想——知识分子“第一经济间谍” ~ 4 May 2020


銀元之戰:人民幣之前生 ~ 31 May 2019



這件事情引發了上海市政府嘅關註。為了壓製銀元上升,上海市委決定在6月5日拋售了10萬枚銀元,6月6日又拋出31萬銀元。希望借此能夠舒緩銀元上漲的壓力,但這批銀元係秒速被上海市場所吸收,僅僅起到了延緩升值速度的效果。6月7日,銀元漲到1800元。這令中國政府感到極大壓力,因為上海作為經濟大都市和中國為數不多的幾個存在少量國際貿易的城市而言,人民幣無法流通和銀元的瘋狂上漲帶來的物價上漲,將被外界視為政府的無能,並且上海的舉動很有可能會影響其他城市 — — 北京也出現了少量抵製人民幣流通嘅行為。這些影響將令政府快速失去民心。6月8日,中央高層決定採取政治手段幹預市場,上海市政府得到授權後,由掌管財經嘅經委員會採取行動;市政府動用行政力量在政府控製稅收、交通及其他市政公用事業並強製以人民幣作為唯一許可使用的貨幣,同發行人民幣公債來增加人民幣的使用量。在這之前的6月7日,市軍管會宣布以人民幣為唯一合法貨幣,禁止銀元買賣、流通,取締銀元投機活動,並警告了銀元的投機分子。


1949年6月10日,上海市軍管會派出便衣警察封鎖了上海最大的銀元交易市場 — — 並拘捕了250名投機者,收繳了數萬枚銀元。並發動上海市的民眾進行宣傳,散發傳單,宣傳建立新的金融新秩序的作用和意義。這場活動對資本家和投機者帶來了巨大的影響,很快市場上銀元對人民幣的比價由6月8日的1:2000降至1:1200,並不斷下降。由于銀元的貶值,人民幣很快便取得了在上海的主導貨幣地位,令政府有能力對市場進行更強有力的幹預。

事後中國政府將此次行為定性為:『與敵視政府的資產階級的實力較量』。並稱之為一場影響“不亞于淮海戰役”的戰爭。這次中國政府的活動也順利穩定了上海市和其他省市的物價,安定了民心,為中國政府取得了威信。雖然投機活動也並沒有完全停止,不少投機者依然沒有感受到政府解決投機問題的決心,而繼續活動不甘心失敗,佢地很快轉向糧食、棉紗和煤炭市場, 利用物資短缺嘅機會大做投機生意,引發又一次全國性漲價高潮。在這種情況下,中共決定以上海為主戰場,將大批糧食棉紗和煤炭從全國各地緊急調往上海、北京等大城市,準備以經濟實力壓垮投機商,利用政治手段收稅和收公債等。在市場物價在投機商人哄抬之下達到頂點的時候,指導各地集中時間、集中物資統一向市場拋售,同時收緊銀根,徵收稅款,最後先至徹底解決了中國市場上的大規模投機現象。




The CCP didn’t fight imperial Japan; the KMT did

While the KMT military defended China against Japan during WWII, the CCP built up strength for the civil war.

As Diplomat readers are well aware — and the Pacific Realist is frankly sick of —China has mounted a sustained campaign demanding that Tokyo take a “correct” view of Imperial Japan’s unspeakable crimes during WWII.

There’s always been a good deal of irony to all of this. Although far too many Japanese leaders have tried to shrink or even deny the crimes of Imperial Japan, including its atrocities in China, successive Japanese governments have acknowledged and apologized for many of these.

On the other hand, the Chinese Communist Party has also committed numerous massacres of Chinese since establishing the People’s Republic of China. This began early in its tenure while consolidating its control over the vast country, as Frank Dikötter notes in a terrific recent book. With regards to the “land reform” campaign alone, for instance, Dikötter writes, “The exact number of victims killed in the land reform will never be known, but it is unlikely to have been fewer than 1.5 to 2 million people from 1947 to 1952.” At least another two million were killed in the Great Terror that Mao launched between 1950-1952 to weed out imaginary counter-revolutionaries.

Of course, there was also the widespread famine that killed tens of millions during the Great Leap Forward. To be sure, there’s no reason to believe that Mao and the other CCP leaders intended to starve these people when they launched the Great Leap Forward. That being said, they continued these policies for years after they realized the disastrous outcomes they were having simply because Mao didn’t want to admit his failures. Then, of course, the entire country was plunged into chaos once again during the Cultural Revolution, which was Mao’s attempt to ensure his atrocities weren’t publicly acknowledged by the Party after his death.

As it turned, he needn’t have worried as the CCP under Deng Xiaoping decided it was not in the Party’s interest to acknowledge it had nearly destroyed the county many times over in its first 25 years in power. Instead, the CCP has devoted considerable resources to systematically rewriting history — or at the very least burying it. Unlike in Japan, where history is distorted by hardline leaders, in China distorting history is the official state policy. Meanwhile, taking the correct view of history is illegal — which is why books like Tombstone are banned.

Reasonable observers might conclude that it is the height of hypocrisy for the CCP to wage a global PR war over Japan’s views of history on the one hand, while on the other hand criminalizing a correct view of its own history. And there was a time not too long ago I might have agreed with these reasonable observers’ conclusion. However, this week Xi Jinping and the CCP took their hypocrisy on history to new heights.

As Shannon reported on Wednesday, earlier this year “China’s legislature passed a resolution creating two new national observances. ‘Victory Day’ on September 3 would commemorate Japan’s surrender in the ‘War of Resistance Against Japanese Aggression,’ China’s name for its fight against Imperial Japan before and during World War II.  December 13 was also named a National Memorial Day to commemorate the Nanjing Massacre.”

She went on to note that President Xi and the entire Politburo Standing Committee participated in the new Victory Day celebrations, which they used mostly to criticize contemporary Japanese policy, and to try to create the impression that Japan’s shifting defense posture represents a return to the militarism of Imperial Japan.

However, along with criticizing Japan, Xi and the PBSC also used the Victory Day celebrations to praise the CCP itself. As Shannon writes, the Victory Day holiday “also served as a celebration of the Chinese Communist Party’s role in defeating Japan — and more than that, in saving China from its century of humiliation…. Xi credited the CCP with spearheading the movement to unite all of China’s people in opposition to Japan. To Xi Jinping, the deciding factors in the war were the ‘great national spirit’ of the Chinese people — particularly, their patriotism — and the leadership of the CCP.”

None of this is particularly new. The CCP has long claimed credit for having tirelessly defended China from the Imperial Japanese army. This couldn’t be further from the truth, however. As I have noted elsewhere, Japan’s invasion of China saved the CCP from Chiang Kai-shek and the KMT, and ultimately allowed Mao to defeat the KMT in the ensuing civil war. Indeed, by the end of 1934, the CCP was on the verge of extinction after KMT troops delivered another heavy blow to the Red Army in Jiangxi Province, which forced the Party to undertake the now infamous Long March to Xi’an in the northwestern province of Shaanxi. Chiang initially pursued the Communist forces, and would have almost certainly delivered a final blow to the CCP if war with Japan could have been delayed. As it turned out, Chiang was not able to put off the war with Japan any longer, and domestic and international pressure forced him to accept a tacit alliance with the CCP against Japan.

At the onset of the war, then, the CCP was not in any position to defend anyone from the formidable Japanese military. In fact, it wasn’t even in a position to defend itself from the KMT. The initial battles of the second Sino-Japanese War in southern China were the largest ones, and the KMT fought them alone.

This would be the trend of the entire war. As two scholars note, “From 1937 to 1945, there were 23 battles where both sides employed at least a regiment each. The CCP was not a main force in any of these. The only time it participated, it sent a mere 1,000 to 1,500 men, and then only as a security detachment on one of the flanks.There were 1,117 significant engagements on a scale smaller than a regular battle, but the CCP fought in only one. Of the approximately 40,000 skirmishes, just 200 were fought by the CCP, or 0.5 percent.”

By the CCP’s own accounts during the war, it barely played a role. Specifically, in January 1940 Zhou Enlai sent a secret report to Joseph Stalin which said that over a million Chinese had died fighting the Japanese through the summer of 1939. He further admitted that only 3 percent of those were CCP forces. In the same letter, Zhou pledged to continue to support Chiang and recognize “the key position of the Kuomintang in leading the organs of power and the army throughout the country.” In fact, in direct contradiction to Xi’s claims on Wednesday, Zhou acknowledged that Chiang and the KMT “united all the forces of the nation” in resisting Japan’s aggression.

While the KMT were busy uniting the country and fighting the Japanese military, CCP forces spent much of the early part of the war hiding in the mountains to avoid battle. As the KMT was decimated by the Japanese military, it was forced to retreat further south. At the same time, the Japanese forces largely focused on securing control of Chinese cities and strategic infrastructure, while ignoring China’s massive countryside. Thus, the KMT’s efforts to actually defend China created a power vacuum in rural areas, which the CCP came out of hiding to seize. It used its control over these villages to perfect its propaganda and political efforts, and hid among the population to avoid fighting the Japanese army. According to Soviet military advisers stationed in CCP-controlled areas at the time, the CCP also used this land to grow opium to fund its growing operations.

As far as fighting went, the CCP engaged in guerilla warfare and sabotage missions. This certainly annoyed the Japanese forces, but it did not have a significant impact on Japan’s war operations. In fact, even the Japanese North China Area Army — which had command over the northern areas where the CCP was located and the KMT was relatively weaker than elsewhere —continued to see defeating the KMT as its primary objective. The greater impact of these guerilla operations was in helping the CCP win new recruits. The CCP used their “heroic” operations against the hated Japanese enemy to recruit young men (and women) to their cause, much as militant groups like the Islamic State of Iraq and al-Sham film their exploits today and post them on YouTube to attract recruits.

This was highly successful. According to the CCP’s own estimates, it began the war with 30,000 troops. By Victory Day, it had 1.2 million regular troops and around 2.6 million to 3 million militia under its command. It was also quick to seize the areas that the Japanese army was vacating, and seized the Japanese equipment. In fact, in some instances it even forced the Japanese soldiers to join the Red Army (the KMT did the same). Of course, the war not only allowed the CCP to grow much stronger, but it also greatly depleted the Nationalist’s strength. This allowed the CCP to prevail easily in the civil war.

This was not by accident but by design. The CCP had a choice: it could have prioritized defending the country against Japan during the war, or it could have prioritized seizing control of China from those who did fight the Japanese. It chose the latter. Meanwhile, by choosing to actually try to defend China against Japan during the war, the Nationalists handed the country to the CCP afterwards.

Which is why Xi and the CCP’s decision to create a national observance day to honor its defense of China during the second Sino-Japanese War represents the height of hypocrisy. It’s one thing to try to suppress all information exposing the Party’s failings, which killed millions of Chinese, while demanding Japan take a correct view of history (which Tokyo should do). It’s another thing altogether to falsely claim credit for one of the defining moments of your country’s modern history. And it’s really something unprecedented to create a national holiday to honor your Party for doing something it consciously avoided; namely, putting China’s defense over the CCP itself. Classy.

By Zachary Keck
September 04, 2014

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Re: The other side of the coin
« Reply #184 on: June 04, 2020, 12:21:46 PM »
Why Hong Kong pegs its currency to the US dollar

Explainer: Dollar peg is critical to Hong Kong amid U.S. threats, China worries ~ 3 Jun 2020

Surge in Singapore bank deposits reflects risk aversion, inflows from markets ~ 3 Jun 2020
  • Foreign currency deposits at banks here almost quadrupled from a year earlier to a record $27 billion in April.
  • Deposits from non-residents surged 44% to $62 billion, also the highest level since 1991 when records began, the data shows.
  • Hong Kong's local currency deposits fell by HK$79.2 billion (S$14.4 billion) or 1.1% to HK$6.9 trillion in April from a year ago.
Someone just made a big bullish options bet on a Singapore ETF ~ 3 Jun 2020
  • This is a big trade” in “rarely traded EWS.
  • Analysts have targeted Singapore as a potential destination for banks that want to move out of Hong Kong.
  • Lenders comprise 36% of the ETF, and real estate investment trusts 17%.

China unveils plan to make Hainan a free trade hub like Hong Kong, Singapore as risks of US decoupling loom ~ 2 Jun 2020
  • Beijing has outlined plans to turn Hainan into a ‘free trade port’ similar to Hong Kong, as China faces the risk of decoupling with the United States.
  • The tropical island will benefit from a low income tax rate, freedoms in trade, investment, capital flows and an easier investment environment.
Capital flight fears grow alongside Hong Kong political turmoil ~ 29 May 2020
  • Hong Kong’s international financial center has been built on a huge talent and expat pool.
  • Many people may leave. They will also take their money with them.

China's rich skirting Hong Kong to seek asset safety elsewhere ~ 28 May 2020
  • Rich Chinese are expected to park fewer funds in Hong Kong on worries that Beijing’s proposed national security law for the city could allow mainland authorities to track and seize their wealth, bankers and other industry sources said.
  • More than half of Hong Kong’s estimated private wealth of over $1 trillion is from mainland individuals who have parked money there, according to bankers.

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Re: The other side of the coin
« Reply #185 on: June 05, 2020, 12:31:17 PM »
形形色色的全民摆摊 心酸又无奈 ~ 4 Jun 2020

摆摊吧 后浪!Kilikili 献给摆摊主的演讲 ~ 4 Jun 2020

China’s premier acknowledges serious economic crisis, with 600 million people earning US$140 a month ~ 1 Jun 2020

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Re: The other side of the coin
« Reply #186 on: June 07, 2020, 05:53:40 PM »
班農專訪:北京強推「港版國安法」 世界對中共獨裁政權說「不」 ~ 4 Jun 2020

Chinese aggression predates Xi Jinping, it started with Hu Jintao ~ 4 Jun 2020
Apart from being the mastermind of China’s reform and opening-up, Deng in the 1980s also implemented major institutional reforms that ensured orderly succession, because “he had got the right lesson from the dictatorship of Mao Zedong,” says Willy Lam, a professor at the Chinese University of Hong Kong. But now, “all these reforms have been overturned by Xi Jinping.”

Tiananmen Square : 'Survivors are still afraid to speak out 31 years later' ~ 4 Jun 2020

林培瑞:我们为什么记住六·四? (Perry Link:“Why must we remember June Fourth?” ~ 3 Jun 2020

川普宣布制裁中共 美議員支持並配合落實 ~ 1 Jun 2020

哈佛教授傅高義專訪:「中美對抗」、「習鄧比較」與「香港問題」~ 25 May 2020

重回计划经济将是压垮骆驼的最后一根稻草,计划经济将加速中国现行制度的解体,建立城邦联合体将成为发达地区的出路 ~ 14 Apr 2020

China is ‘going further backwards’ under Xi Jinping, say veteran democracy activist Wei Jingsheng ~ 3 Dec 2018

Xi Jinping could now rule China for life—just what Deng Xiaoping tried to prevent ~ 26 Feb 2018
A recap of the history: Deng was the first to rule out lifelong tenure in Communist Party leadership. “My last task is to take the lead in establishing a retirement system,” an 84-year-old Deng told his colleagues months before he quit all his official roles in 1989. “The natural law cannot be changed, and the leadership transition cannot be stopped.”

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Re: The other side of the coin
« Reply #187 on: June 09, 2020, 12:59:12 PM »
Stock futures hold steady after S&P 500 turns positive for the year ~ 8 Jun 2020
Dow @ 27,572.44 (+461.46, +1.70%) on 8 Jun 2020.
NASDAQ @ 9,924.75 (+110.66, +1.13%) on 8 Jun 2020.
S&P 500 @ 3,232.39 (+38.46, +1.2%) on 8 Jun 2020.

20 reasons for a stock market crash ahead! ~ 7 Jun 2020

Stock market crash ahead? - The 2020 FED bubble ~ 6 Jun 2020

Global instability, soaring deficits and civil disobedience: Are we back in the 1960s, and what happens next? ~ 5 Jun 2020

How much is the national debt? What are the different measures used? ~  ~ 5 Jun 2020

With US economy dead since 2008, only thing left for Fed is to print trillions of dollars in debt ~ 4 Jun 2020

The economy is in free fall. So why isn’t the stock market? ~ 6 May 2020
  • Everything is bad, and yet somehow the stock market is good.
  • This rally in equities is clearly not driven by fundamentals — it’s driven by the liquidity support from the Federal Reserve.
  • Companies are getting cash to keep the lights on through the significant support to credit markets.
US is `printing' money to help save the economy from the COVID-19 crisis, but some wonder how far it can go ~ 14 May 2020

April’s rally – Best month since 1987 ~ 6 May 2020
  • The top sector in the SP 500 is Information Technology, a sector which is doing relatively well compared to other sectors in a lockdown.
  • The second largest sector in the SP 500 is health care, another sector that has been doing well in the recent health crisis.

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Re: The other side of the coin
« Reply #188 on: June 11, 2020, 02:19:55 PM »
Xi Jinping's wife is W.H.O goodwill ambassador ~ 11 Jun 2020

What happens when you quit the P.L.A? ~ 10 Jun 2020

India-China standoff: The dragon retreats ~ 10 Jun 2020

Weaknesses plaguing the People's Liberation Army ~ 10 Jun 2020

Inside People's Liberation Army | A SWOT Analysis ~ 9 Jun 2020

向“西北高原”调兵遣将“恰逢”中印谈判 ~ 9 Jun 2020

中国从湖北整建制空降兵投送西北高原(官方视频) ~ 6 Jun 2020

中美关系恶化 人民币贬值压力增大? ~ 6 Jun 2020

U.S. invited South Korea, Australia, India to G7 to check China's rise: Experts ~ 2 Jun 2020

Coronavirus: 5 ways the world is cornering China ~ 16 May 2020
From the United States, to Europe and Africa - leading countries are now building pressure on China.

US increases military pressure on China as tensions rise over pandemic ~ 15 May 2020
The Pentagon accused China of exploiting the pandemic to gain military and economic advantages by expanding the areas in which it operates.

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Re: The other side of the coin
« Reply #189 on: June 19, 2020, 03:54:56 PM »

History repeats itself. The future is but a repetition of the past..."The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun."

習近平 崇禎 他們像嗎? ~ 14 Feb 2020

历史重演:习近平像明朝最后一位皇帝崇祯 ~ 4 Dec 2019

习近平要谨记崇祯之教训 ~ 19 Dec 2017

Xi Jinping and the Chinese dream ~ 4 May 2013
IN 1793 a British envoy, Lord Macartney, arrived at the court of the Chinese emperor, hoping to open an embassy. He brought with him a selection of gifts from his newly industrialising nation. The Qianlong emperor, whose country then accounted for about a third of global GDP, swatted him away: “Your sincere humility and obedience can clearly be seen,” he wrote to King George III, but we do not have “the slightest need for your country’s manufactures”. The British returned in the 1830s with gunboats to force trade open, and China’s attempts at reform ended in collapse, humiliation and, eventually, Maoism.


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Re: The other side of the coin
« Reply #190 on: June 22, 2020, 02:53:17 PM »
王维洛:水坝与城镇化过渡开发加剧南方水灾灾情 ~ 19 Jun 2020

Floods caused huge disasters in southern China; design errors put Three Gorges Dam in danger ~ 16 Jun 2020

Three Gorges Dam is safe, say China officials, dismissing online rumors ~ 9 Jul 2020
The 185-metre Three Gorges Dam has been one of China’s most expensive and most controversial engineering projects, submerging entire villages, displacing millions of people and disrupting ecosystems. Critics say it has also increased earthquake and landslide risks in the region.

江澤民拿三峽與李鵬做交易 王維洛揭內幕 ~ 28 Jul 2016

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Re: The other side of the coin
« Reply #191 on: June 25, 2020, 03:16:19 PM »
報導武漢疫情 公民記者張展被批捕 ~ 23 Jun 2020

Chinese citizen journalist arrested after reporting on coronavirus from Wuhan ~ 23 Jun 2020
  • Zhang Zhan is being held in police custody in Shanghai’s Pudong district on public disturbance charges, her father confirms
  • The 37-year-old live-streamed from the outbreak epicentre in February and wrote an article critical of the authorities’ response
When David became Goliath

June 25th, 2020

Just received an op-ed from the New York Times in my email. The story is entitled “Tech Goliaths Act Like Davids,” and the main thrust of the story is that the tech giants like Google, Apple, Facebook, Uber and so on have become the corporate bullies that they once fought against. The story can be found at:

If one studies history, one will notice that this isn’t a new story. History is filled with examples of young, vibrant revolutionaries who fought to overthrow an overbearing power and once they had succeeded, they proceeded to behave as the power that they overthrew.

As an ethnic Chinese, I think of Mao, who lead a peasant army to overthrow a corrupt regime that was oppressing the poor. However, once in power, the communist proceeded to enforce an iron grip on power and proved to be as nasty if not more so than the nationalist that they overthrew. There are other examples. In the Middle East, there’s the example of Naser who overthrew a corrupt and repressive monarchy, only to replace it with another form of dictatorship that has stifled progress.

I think of Singapore, the country that has been my home for the last two decades. We’ve been run by the same party since our independence in 1965. While the party has delivered prosperity and done well by the citizens for the most part, they’ve moved a long way, as in a very long way, from the party that was a plucky upstart fighting to rid us from the yoke of colonial rule and later race-based politics of the Malaysian Federation. The part that once wrote a national pledge of “Regardless of Race, Language or Religion,” now stresses the fact that “The population is not ready for a non-Chinese Prime Minister,” and delightfully uses every trick in the book to ensure that it wins more than 60 percent of available seats in parliament (it remains an achievement for our rag-tag opposition to contest let alone win seats).

Why is this the case? The answer is as simple as this fact – power is exceedingly addictive. The people who get power tend not to want to lose it. Young idealist who become revolutionaries to get rid of entrenched powers becoming the very entrenched powers that they overthrew. This remains true in business and politics.

Some systems have found a way to survive this. In America, the political system was designed to limit the damage a bad leader could do. Presidents have to share power with Congress and a Supreme Court and much of the power over citizens is devolved to local governments. Furthermore, Presidents are limited to two terms of four years. Thus, you only put up with an incompetent leader for eight years at the most and no individual has to chance to hang on for years until they get drunk and senile with power.

This system works in America because there’s a reverence to the constitution and laws and there’s a press to keep the powers that be on its toes. In places that don’t have this, there is a real danger that the man in charge can merely change the laws. China is a case in point. Prior to President Xi’s ascension, it was understood that a generation of leaders would step down after a decade. While China didn’t have elections, it had some form of leadership renewal. Unfortunately, this is no longer the case and one cannot assume that President Xi, may enjoy his power a little too much, even at the risk of the wealth that the Chinese people have grown used to.

The same is true in business. The story in dynamic economies is that of plucky start-ups with a bright idea or a new technology taking on and taking market share from established firms. The problem is that once the start-ups become big firms with deep pockets, the game no longer becomes about coming up with new products that delight consumers but about enhancing market share and getting consumers to continue buying what you’ve been selling them. As I was once told, “Big firms don’t innovate, they just buy small firms that do.”

While the dangers of minimal competition for businesses are less obvious than that for political leaders, they are non the less very present. Businesses that become too interested in their market position tend to forget that consumers can find and will find alternatives. I think of Singapore’s media scene, which could not accept competition and kept peddling the myth that Singapore was too small for media competition. The established media powers were so busy defending their turf that they failed to see people moving away from printed newspapers and terrestrial television. They even got the government onto their side in branding online media as “anti-establishment.” There was one small problem. Consumers stopped reading newspapers and the advertisers noticed. Singapore Press Holdings (SPH) has had to diversify into old folks’ homes to keep shareholders happy and more recently had to suffer the indignity of being kicked off the stock exchange index.

Successful big firms are the ones that find a way of growing big but keeping their units running like start up enterprises. Big law firms are trying to do that, working as a big unit in the centre for things like branding and HR policy but getting their respective practices to compete for business like sole proprietorships. In theory this should prevent the groups from becoming immune to market forces.
The other factor for businesses is law. Laws that prevent companies from becoming monopolies should be made stronger.

Let’s go back to tech as an example. Microsoft was once a start-up that had a clear goal of having a desktop on every desk running its software. It became a monopoly and defended it tooth and nail. Unfortunately, Microsoft was late into the internet and thus lost ground to Google. Microsoft has only become a dynamic player under its current CEO, Satya Nadella, who moved it away from defending its old business market.

Limits on power are not just good for consumers or voters. They are actually good for incumbents as it keeps them on their toes and forces people to innovate. The Goliaths of the day should remember that they had their best victories as Davids and trying to crush today’s Davids will only lead to them sharing the fate of Goliath.


Tang Li

*Although I’ve been based mainly in Singapore for nearly two decades, I’ve had the privilege of being able meet people who have crossed borders and cultures. I’ve befriended ministers and ambassadors and worked on projects involving a former head of state. Yet, at the same time, I’ve had the privilege of befriending migrant labourers and former convicts. All of them have a story to tell. All of them add to the fabric of life. I hope to express the stories that inspire us to create life as it should be.

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Re: The other side of the coin
« Reply #192 on: June 26, 2020, 02:00:43 PM »
三峡生死抉择,保重庆或保武汉?定了!官方溃坝3条件达到! ~ 24 Jun 2020

Deadly floods and torrential rain in China affect over 8.5 million people ~ 24 Jun 2020

Expert warns: Three Gorges Dam could collapse ~ 23 Jun 2020
With the continuous rainfall in China, an expert warns that one of the world's largest dams sitting above the Yangtze river is at risk of collapse, possibly impacting over 400-million people downstream.

重慶綦江80年來大水!洪水倒灌4萬人撤離 ~ 23 Jun 2020

上下游都水災三峽大壩「進退兩難」 高出防洪水位2米 若潰壩一天沖毀南京 ~ 23 Jun 2020

重慶綦江現1940年來最大洪水 三峽大壩上下游均告急 大災難中如何自救? ~ 23 Jun 2020

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Re: The other side of the coin
« Reply #193 on: July 01, 2020, 10:10:37 AM »
Dramatic rescue as nearly 14 million people affected by floods in China ~ 29 Jun 2020
Nearly 14 million people in 26 different provinces in China have been affected by storms and floods since early June. About 744,000 people have been evacuated from the worst affected areas.

More Chinese regions brace for floods as storms shift east ~ 29 Jun 2020

Deadly floods and torrential rain in China affect over 8.5 million people ~ 24 Jun 2020

Coronavirus Returns – The situation In Beijing ~ 22 Jun 2020

COVID-19 resurgence puts 100m+ in China back in lockdown ~ 20 May 2020

ComfortDelGro suspends Nanjing driving centre amid Wuhan virus outbreak ~ 30 Jan 2020
ComfortDelGro also operates taxi services in nine cities – Beijing, Shanghai, Shenyang, Chengdu, Hengyang, Suzhou, Nanning, Nanjing and Jilin.

4 insights from ComfortDelGro’s latest business update ~ 26 May 2020
  • For taxi division, COVID-19 relief schemes announced by ComfortDelGro have been extended until September this year and will be reviewed further depending on how the pandemic evolves. In response to COVID-19 lockdowns, China taxi rentals have been almost fully waived.
  • Operating profit for the group dived by 48% year on year to S$55.9 million, while net profit shrank by almost 49% year on year to S$36 million.

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Re: The other side of the coin
« Reply #194 on: July 02, 2020, 12:38:05 PM »
今日新加坡,明日香康,后日台湾。Yesterday's Singapore was today's Hong Kong and tomorrow's Taiwan.
The Chinese Communist Party is determined to change Hong kong into a mini-communist state. The new Beijing-imposed national security law is similar to the ISA designed to get rid of political opponents.

Hundreds arrested in Hong Kong protests as security law comes into effect ~ 2 Jul 2020

Hundreds arrested on first day of Hong Kong national security law ~ 1 Jul 2020

Singapore Internal Security Act 1960 (No. 18 of 1960)

Operation Coldstore
Operation Coldstore, sometimes spelled Operation Cold Store, was the code name for a covert security operation carried out in Singapore on 2 February 1963 which led to the arrest of 113 people, who were detained without trial under the Preservation of Public Service Security Ordinance (PSSO). In official accounts, the operation was a security operation "aimed at crippling the Communist open front organisation," which threatened Singapore's internal security. The operation was authorised by the Internal Security Council which was composed of representatives from the British, Singapore and Malayan Federal governments.

Operation Coldstore: Singapore’s struggle to confront history ~ 24 May 2018
On 2 February 1963, more than 100 unionists, anti-colonial activists, and politicians were detained without trial in a series of arrests code-named Operation Coldstore. The authorities justified the action as necessary to “safeguard against any attempt by the Communists to mount violence or disorder in the closing stages of the establishment of the Federation of Malaysia”.

Former Coldstore detainee Yeo San Chai in his Singapore bookstore.

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Re: The other side of the coin
« Reply #195 on: July 03, 2020, 10:50:53 AM »
【选举】前进党西海岸竞选团队 被要求撤下50海报 ~ 3 Jul 2020

Singapore GE2020: PSP makes police report over damaged posters ~ 2 Jul 2020

Photos of damaged posters of the Progress Singapore Party team contesting in Chua Chu Kang GRC.

Singapore PM’s nephew Li Shengwu loses appeal in high-profile contempt case ~ 2 Jul 2020
Li’s appeal argued the attorney general was wrong to serve him court documents outside Singapore.
If upheld, it could have given Li’s legal team the chance to suspend the case against him.

State seeks $15,000 fine against Li Shengwu for scandalising judiciary ~ 2 Jul 2020

新加坡大选在即,加入反对党后,李显龙弟弟李显扬为何不参选? ~ 1 Jul 2020

Lee Hsien Yang: We can create a government that listens ~ 29 Jun 2020

【新加坡大选】 李显扬:希望国会议员能更多元 ~ 27 Jun 2020

新加坡7月10日大选,李光耀次子李显扬加入反对党 ~ 24 Jun 2020

A message from Mr Lee Hsien Yang to all Singaporeans ~ 24 Jun 2020

李显扬资助社运人士范国瀚 就藐视法庭罪名上诉 ~ 22 May 2019

Lee Kuan Yew’s grandson, Li Shengwu, says he fled Singapore because he feared arrest ~ 18 Aug 2017
Li, whose father is embroiled in a family feud with Prime Minister Lee Hsien Loong, says he was warned by friends that he faced detention for contempt case.

李显扬是终结PAP执政关键人物? ~ 29 Jun 2017

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Re: The other side of the coin
« Reply #196 on: July 15, 2020, 07:50:36 AM »
UK to purge Huawei technology from 5G networks by 2027 ~ 14 Jul 2020
Under the blueprint, British phone companies will not be able to add any new Huawei components to their 5G networks by the end of the year. After that, all existing equipment made by the Shenzhen-based company would need to be removed from 5G infrastructure by 2027.

中國5G市場吃飽飽?華為營收逆勢成長逾13% 英國宣布"2階段封殺"補刀? ~ 14 Jul 2020

China Roundup: Tech giants take stance on Beijing’s data control in Hong Kong ~ 13 Jul 2020
China’s national security law has important implications for the tech sector, providing a litmus test of business sentiment toward China’s regulation over information. Google, Facebook, Twitter, Telegram, Zoom and Reddit are among a roster of companies that have come to voice their stance.

The tech industry comes to grips with Hong Kong’s national security law ~ 8 Jul 2020
An unintended implication of Hong Kong’s loss of its special status is the potential inconvenience to mainland companies. It’s a common practice for Chinese companies to maintain a Hong Kong entity as a gateway to purchase U.S. technologies, tapping the region’s favorable trading terms, the venture partner said. Many Chinese exporters also take advantage of Hong Kong’s well-developed financial system and currency stability to handle international fund transfers. “If that expediency is gone, Hong Kong is just another Chinese city,” said the investor.

Singapore decides on 5G networks: Is Huawei banned? ~ 2 Jul 2020
Singapore isn’t choosing sides in the geopolitical tug-of-war between China and the United States.

How China’s national security law could change Hong Kong forever ~ 1 Jul 2020
Beijing has unanimously passed a new national security law for the territory, which some experts warn has the potential to erode the very structures that grant the region major privileges on the international stage.

US suspends export of sensitive tech to Hong Kong as China passes new national security law ~ 30 Jun 2020
The U.S. government’s announcements were made a few hours before news broke that China had passed a new national security law that will give it greater control over Hong Kong. It is expected to take effect on July 1, 2020.

National security law: Could Singapore take Hong Kong’s finance crown? It’s keeping mum ~ 28 Jun 2020
City state has been clear it does not want to be seen as taking advantage of Hong Kong’s political turmoil.
Yet its similar tax rates, lower rents and safe streets are likely to appeal to any businesses that do decide to relocate.

Huawei loses out as Singapore telecom operators choose 5G providers ~ 25 Jun 2020
Singapore’s biggest telecom operators Singtel and StarHub have chosen Ericsson and Nokia as their main 5G network provider.
Huawei, which is a focal point in US/China tensions, still has a foothold in the Singapore market through TPG Telecom’s smaller, local network system.

What will happen to your business in Hong Kong?

By J. Stewart Black and Allen J. Morrison
June 17, 2020

More than 9,000 foreign firms operate in Hong Kong, among them 1,300 from the United States. So when the Chinese legislature recently passed a new security law intended to prevent “secession, subversion, terrorism and foreign interference” in Hong Kong, many CEOs and top executives began wondering about the business implications. The U.S. State Department added to the uncertainty last month by declaring that Hong Kong is no longer autonomous enough to warrant special treatment.

Between us we have researched in and about China and Hong Kong for many years, and we know that there’s no single answer to this question. That’s in part because the implications of these two developments for firms will depend in large part on why they are in Hong Kong in the first place. Most are there for one of three main reasons, so let’s consider each:

For Hong Kong

These firms want access to Hong Kong’s upstream resources and downstream opportunities. They tend to be relatively small service firms focused on specialized areas such as finance. (Hong Kong was recently ranked the #3 financial center in the world after New York and London.) Part of the reason companies in this category tend to be smaller is that Hong Kong is a relatively small economy, with a GDP in 2019 of just U.S. $352 billion, which ranks about 35th in the world. Most of these firms are in the service sector because that sector represents nearly 93% of Hong Kong’s GDP.

Because of the dominant role of services in Hong Kong’s economy, any movement up or down in GDP has a direct and significant effect on the revenues of this first category of foreign firms. As political tensions in Hong Kong increased in the second half of 2019, Hong Kong’s GDP dropped 1.2% for the year, and the country officially slipped into recession. More worrisome, foreign direct investment (FDI) into Hong Kong fell a staggering 47% in 2019 to $55 billion. In the process Hong Kong fell from the #3 destination globally, just behind China, to #5. It will take months and even years to learn how China’s new security law will affect Hong Kong, and how countries around the world will react, but it is hard to imagine the specifics helping GDP and FDI. First that are in Hong Kong for Hong Kong will feel the pain immediately and directly.

If this weren’t enough, brain drain could also hurt these firms. Countries such as the U.S., UK, and Canada have all indicated their willingness to adjust their immigration or citizenship rules to allow, as the U.S. Secretary of State Pompeo put it, “Hong Kong people…[to] bring their entrepreneurial creativity to our country.” Firms in Hong Kong for Hong Kong rely heavily on local talent, and a loss of the best and brightest to other countries could be devastating to them.

For China

These firms—1,300 of them from the United States—are in Hong Kong largely for the access it provides them to China, though most of them are also there for Hong Kong. A quick review of a few key numbers will make it clear why these firms have decided that Hong Kong offers them good access.

In 2019, China was the second largest recipient of FDI in the world ($139 billion), behind only the United States. According to the National Bureau of Statistics of China, approximately two-thirds of all the FDI into China came via Hong Kong. In 2018 Hong Kong exported $25.3 billion to China, which was Hong Kong’s #1 destination and accounted for 20% of all of its exports. China exported $282 billion to Hong Kong, which was China’s #2 destination after the United States ($499 billion) and accounted for 10.9% of all of China’s exports. In 2018, U.S. $37 billion (8%) of Mainland China’s exports to the United States and roughly U.S. $10 billion of China’s imports from the United States were transshipped through Hong Kong. In terms of capital flows, over the last decade approximately 80% of the IPOs outside Mainland China have been issued in Hong Kong. In addition, Hong Kong has handled about 40% of Chinese firms’ U.S. dollar-bond issuances. Given all of this, and Hong Kong’s proximity to Mainland China, it’s no surprise that so many foreign firms are in Hong Kong.

If Hong Kong loses its special status for good, these firms could get hurt in two ways. First, if the United States does anything to curtail debt or equity transactions in Hong Kong by Chinese firms, foreign firms based in China that collect significant fees for facilitating these transactions would see their top line shrink. Second, if tariffs or export controls are created for China and extended to Hong Kong, this could affect $47 billion worth of annual transshipments and hit the revenues of foreign firms based in Hong Kong that are involved in numerous aspects of these transactions—everything from logistics and financing to legal and banking activities.

In effect, those firms that are in Hong Kong for China, and especially any of the 1,300 or so U.S. firms in this category, could easily find themselves caught in the crossfire between China and the United States. Ironically, in the past Hong Kong’s special status either largely protected these firms from being caught in the middle, or in some cases helped them benefit. For example, past trade tensions between the United States and China have caused transshipments to increase. Those firms that were in Hong Kong for China and that were involved in in these transshipments benefited from the increase. With the loss of special status, these benefits would disappear.

Another potential area of concern for firms that are in Hong Kong for China firms would be changes in visa requirements.  Currently, many nations, including the United States, have agreements with Hong Kong that require no visas and allow temporary stays of up to three months. In contrast, China has cumbersome visa requirements with most of these same countries. The loss of  Hong Kong’s special status regarding visas could mean that firms that are in Hong Kong for China would probably find it much more difficult for their employees to fly into Hong Kong to conduct business for China.

For Asia

There are 1,541 foreign firms that have their regional headquarters in Hong Kong, including over 300 U.S. firms. These firms use Hong Kong as their base of operations for activities throughout Asia, from Japan in the north to Australia in the south, and from Indonesia in the east to India in the west. Obviously, Hong Kong and China fall within these boundaries.

Hong Kong’s global and regional standing in finance facilitates the coordination of capital requirements for the region. If the new particulars of the security law end up being strict enough, and reactions from the United States and United Kingdom are strong enough that Hong Kong’s standing in the financial markets shrinks significantly, Singapore could become an attractive alternative for regional headquarters. Many aspects of its financial market, from company listings to foreign currency exchange, already rival or surpasses Hong Kong. Its political security, efficient infrastructure, quality schools, and other features only add to its attractiveness as a base for regional headquarters. U.S. technology firms in fact already have twice as many regional headquarters in Singapore as in Hong Kong.

Expatriates typically play a critical role and constitute an important portion of senior managers and top executives in virtually all regional headquarters. The thought of Chinese secret police being embedded in Hong Kong might make it difficult, or at least more expensive, to entice key expatriates to take up regional positions in Hong Kong. Often expatriates are put in these slots not just to do the job but as a core part of their development as future global leaders, and therefore simply substituting locals for expatriates would not be a satisfying option for most firms. Any brain drain of local talent would only amplify this leadership shortfall.

What should CEOs do?

Despite all of the differences outlined above, there are three general actions that firms in all three categories should take:
  • Secure Your People. The most important asset in all three categories is people. Given that services constitute 92% of Hong Kong’s economy, this is hardly surprising. What is surprising and worrisome, however, is data that have turned up in research conducted by Stewart Black, who surveyed some 5,000 executives.  Although about 93% of these executives  (1,300 of them in Hong Kong, and their responses reflect those of the whole group) said that people are their most important asset, more than 84% had no clear strategy for attracting and retaining the people they need, and more than 96% did not have clear metrics to hold executives accountable for their success or failure in winning the war for talent. We have also found that although competitive compensation is important, superior culture, leadership, and job enrichment matter even more. The bottom line is that firms in all three categories need to review and strengthen their employee value proposition to ensure that the people they want want them.
  • Review Scenarios. It’s essential to come up with different scenarios and think contingencies out in advance. Scenario planning is not about trying to predict the future but laying out best- and worse-case scenarios, and then making explicit the factors and cause-and-effect relationships that would bring them about. Going through this process attunes executives to what they need to watch so they don’t get blindsided. It also lowers the likelihood that executives will respond with knee-jerk reactions in the heat of the moment.
  • Create Options. The worst-case scenario for Hong Kong is severe enough that foreign firms operating there would be wise to create some options so that, if need be, they can move people and activities to alternative locations without having to scramble whenever the time comes. This recommendation is the most difficult for firms that are in Hong Kong for Asia, but it is potentially the most beneficial to them as well. Moving a regional headquarters is not easy, which is why a survey by the American Chamber of Commerce in Singapore found that the vast majority of firms with regional headquarters in Hong Kong do not plan to move them. However, having contingency plans or even moving select activities to an alternate regional location can often cost less than taking a wait-and-see approach.
It is hard to predict exactly how severe the new security law will be or how the United States and other nations will react. But no matter what happens, the firms that will hit the right balance between doing too little and too much are those that understand clearly why they are in Hong Kong; that know what factors will help or hurt them the most; and that take the basic steps outlined above. And at the end of the day, China is still very dependent on Hong Kong for trade, FDI, equity and debt capital, and foreign exchange—and that self-interest should keep its leaders from going too far with implementing the security law.

Offline zuolun

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Re: The other side of the coin
« Reply #197 on: August 04, 2020, 01:13:30 PM »
闫丽梦博士:病毒被中共军方发现和拥有,经过精心策划;来自自然演化的可能性为零 ~ 2 Aug 2020

7月28日闫丽梦博士首次接受路德采访 ~ 28 Jul 2020

「WHO」~ 17 Feb 2020

「問我國家哪像染病」 ~ 24 Jan 2020

Offline zuolun

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Re: The other side of the coin
« Reply #198 on: August 16, 2020, 10:57:28 AM »
新加坡机场防疫·90%乘客全副武装 ~ 13 Aug 2020

新冠肺炎:新加坡机场9成旅客全副武装候机,网民:跟拍生化电影一样 ~ 13 Aug 2020

AirAsia to resume Malaysia-Singapore flights following 'green lane' decision ~ 4 Aug 2020

返回上海开工 吴振天IG记录离境隔离过程 ~ 7 Jul 2020

Offline zuolun

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Re: The other side of the coin
« Reply #199 on: August 22, 2020, 10:47:04 AM »
Singapore reports 117 new COVID-19 infections; 5 of 6 community cases unlinked ~ 22 Aug 2020
This brings the total number of COVID-19 cases in the country to 56,216.

COVID-19: Experts warn Singapore corporate earnings could see slow and uneven recovery ~ 19 Aug 2020

Workers aged 35 to 44 and lower-income earners hit hardest by pay cuts due to Covid-19: DBS report ~ 18 Aug 2020

445,536 lower-income workers’ incomes decline more than 50%

By Leong Sze Hian
August 21st, 2020

“Workers aged 35 to 44 and lower-income earners hit hardest by pay cuts due to Covid-19: DBS report” (ST, Aug 18) – “More than a quarter of these workers have seen their incomes decline in recent months. Among them, more than half (56%) saw their incomes plunge by more than 30%”

As there are 551,800 resident (S’porean & PR) workers aged 35 to 44 (Yearbook of Manpower Statistics 2020) – does it mean that about 80,342 workers (551.800 x 26% x 56) “saw their incomes plunge by more than 30%”?

“The DBS report was based on macro-economic data and anonymised findings from 1.2 million retail customers aged 25 to 70 who use DBS as their main salary crediting bank, over the March to May period. Work permit holders were excluded from the analysis.

The report also found that lower-income workers – those who earn less than $3,000 per month – make up almost half of customers who have experienced a fall in salaries. Within this group, 51% saw their incomes decline by more than half.”

As there are 873,600 resident (S’porean & PR) lower-income workers who earn less than $3,000 per month, excluding the unemployed (Yearbook of Manpower Statistics 2020) – does it mean that about 445,536 workers (873,600 x 51%) “saw their incomes decline by more than half”?

“Many people also do not have sufficient savings to tide them over their loss in earnings. In May, 64% of workers who had experienced a significant fall in income had less than three months of emergency funds. Among this group, 42% – or 27% of those who had taken large pay cuts – had less than a month of such funds.”

In this connection – “the extension of the COVID-19 Support Grant (CSG) until December 2020.

The grant was introduced in May to help Singaporeans and permanent residents who are unemployed or have suffered significant income loss. So far, more than S$90 million has been disbursed to over 60,000 people” (“Extension of Jobs Support Scheme among S$8 billion worth of measures”, CNA, Aug 17)

As “Full-time or part-time employees affected by the economic impact of the COVID-19 situation (loss of job/income or start of involuntary no-pay leave should have occurred after 23 Jan 2020)” (MSF Assistance) – does it mean that after more than 6 months (from 23 Jan) – the average payout per person is about $1,500 ($90m divided by 60,000)?

30Jun Non-seasonally adjusted Unemployed S’poreans 111,100 (Unemployment rate 5.6%), PRs 14,100 (3.4% estimate), Foreigners 22,900 (1.8% estimate) (MOM Statistical Table: Unemployment)

In addition to the above, & the above estimated 445,536 workers who “saw their incomes decline by more than half” & the “80,342 workers aged 35 to 44, who “”saw their incomes plunge by more than 30%” – how many (including those who earn more than $3,000, & those below 35 & over 44) are “presently experiencing reduced monthly salary of at least 30% for at least three consecutive months”?

How many are “presently on involuntary no-pay leave (NPL) for at least three consecutive months”?