Author Topic: The other side of the coin  (Read 53075 times)

Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #100 on: August 27, 2019, 12:00:35 PM »
李嘉诚撤离砸4000亿给英国,这个香港富豪却携138亿“进军”内地 ~ 24 Aug 2019
http://www.sohu.com/a/336171862_100120495
香港经过几十年的发展,四大家族依旧屹立不倒。根据胡润研究院发布的《2019胡润全球富豪榜》显示,李嘉诚家族身价2057亿元,李兆基家族身价1915亿元,郑裕彤家族身价1205亿,郭炳联家族身价574亿,都处于顶级富豪行列。

China is looking for a quick economic fix in Hong Kong. It’s missing the point ~ 30 Jul 2019
https://www.theguardian.com/commentisfree/2019/jul/30/china-economic-hong-kong-carrie-lam
  • There are signs Beijing intends to work with Hong Kong on issues such as housing.
  • But without democratic reform, protests will intensify. Affairs office spokeswoman Xu Luying, speaking of social problems in Hong Kong, focused on economic issues such as youth opportunity, social mobility and housing affordability.
  • This holds out hope that Beijing intends to work with the Hong Kong government and, perhaps more importantly, Hong Kong’s all-powerful tycoons in addressing housing prices and other business and economic issues.
  • The extradition bill that originally motivated the present protest movement and the livelihood issues Beijing is targeting are merely symptomatic of what Hong Kong’s protesters see as the underlying cause: Hong Kong’s undemocratic system, under which the people are governed by a government beholden to Beijing and accountable to Hong Kong’s tycoon class, and not governing in the interests of the people.
Tycoons: The men who rule Hong Kong ~ 4 Oct 2016
https://www.timeout.com/hong-kong/blog/tycoons-the-men-who-rule-hong-kong-100416



李嘉诚旗下码头罢工续:工人十年未涨薪 ~ 1 Apr 2013
http://finance.ifeng.com/business/gs/20130401/7850145.shtml
据了解,位于葵涌的香港国际货柜码头,隶属和记黄埔港口集团,是世界最大的私营货柜码头。拥有四号、六号、七号、九号(北)泊位,同时与中远太平洋合资经营八号两个泊位。公司最终持有人是华人首富李嘉诚。



20万香港底层的真实生存状态:我还没死,就住进了棺材房 ~ 4 Oct 2017
https://www.sohu.com/a/196241273_313480


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #101 on: September 03, 2019, 12:27:00 PM »
SP Setia ~ Trading in a downward sloping channel, TP RM1.17

SP Setia closed with a white marubozu @ RM1.56 (+0.09, +6.1%) with 2.26m shares done on 30 Aug 2019.

Immediate support @ RM1.47, immediate resistance @ RM1.60.



SP Setia ~ Trading in a downward sloping channel, interim TP RM1.55

SP Setia closed with an inverted hammer unchanged @ RM1.84 with 1.17m shares done on 9 Aug 2019.

Immediate support @ RM1.75, immediate resistance @ RM1.87.



Pound to Euro exchange rates: Sterling unstable against the Euro owing to Brexit uncertainty ~ 30 Aug 2019
https://www.poundsterlingforecast.com/2019/08/pound-to-euro-exchange-rates-sterling-unstable-against-the-euro-owing-to-brexit-uncertainty/

The Euro-Dollar charts point lower and a recession in Germany "just moved one step closer" ~ 30 Aug 2019
https://www.poundsterlinglive.com/eurusd/11961-euro-dollar-seen-heading-lower-as-german-domestic-economy-cracks-and-inflation-slides

Battersea project contributions seen for S P Setia from FY21 ~ 16 Aug 2019
https://www.edgeprop.my/content/1574799/battersea-project-contributions-seen-s-p-setia-fy21
CGS-CIMB Research maintained “hold” on S P Setia TP lowered to RM1.90.

Investor sentiment in Battersea project still strong ~ 25 Jun 2019
https://www.youtube.com/watch?v=Ke7QRgaprDM

伦敦巴特西迷雾:一桩自导自演的诡异交易 ~ 2 Feb 2018
http://www.guandian.cn/blogComment/20180202/197262.html
  • 事已至此,项目很大可能将面临亏损,但马来西亚投资方为了保证巴特西发电站项目能够顺利竣工,即便成本严重超支也要继续注资,于是乎便发生了开头所说的用马来政府资金为伦敦城市更新项目兜底的奇观。
  • 另外值得一提的是,马来西亚将在2018年3-4月举行大选,当时极力支持收购巴特西发电站的纳吉布正在寻求连任总理,即便是为了当下的选票和颜面,这个项目也显得不容有失。
  • 总结来说,梳理完巴特西发电站的前世今生,我们看到整件事最大的赢家无疑是“狂褥前殖民地羊毛”的英国人,自己一分钱不出,却能让马来西亚政府心甘情愿用国家资金帮伦敦做历史建筑改建和城市再生,可谓好处占尽,不愧是“空手套白狼”方面的大师!


Are mergers and acquisitions always good for investors?

By Royston Yang
31 January 2019

There's nothing which graces the headlines and makes business news more exciting than mergers and acquisition (M&A) announcements.

With the desire to grow larger and get better, more and more companies are on an acquisition spree to turbo-charge their growth and to create more "shareholder value". Investors who are on the receiving end of such announcements from the companies within their portfolio should carefully scrutinise the deals as M&A do not always turn out well. The devil, as they say, is in the details and this article attempts to explain the good and the bad when it comes to M&A.

The Lowdown On M&A
Companies undertake M&A for a variety of reasons, from the need to integrate a new product line or lines (buying instead of building one shortens the process), acquiring a new complementary set of customers, diversifying away from their core business or simply adding on to their existing capabilities. Whatever the reasons, investors should look at several aspects to ascertain if the transactions are good or bad.
  • Price paid and valuation – What was the total amount of money paid for the deal? Did the company over-pay or are they getting a good deal? It’s important to drill down into the valuation paid and not just look at the headline number. For example, if the acquisition costs $100 million and the acquired company generates $10 million in net profit each year, this means the acquisition was made at 10x earnings, which is considered cheap. The rule of thumb is anything above 15x earnings would be considered “expensive”, though of course, this varies according to the industry.
  • Supposed benefits – Look at what management communicates to shareholders regarding the benefits of the M&A. Does it result in better earnings visibility, wider customer base or product portfolio or some other tangible benefit? Be careful of general terms such as “synergies” which do not provide specific details on how the M&A will benefit the acquirer.
  • Funding for the acquisition – How is the acquisition funded? Using the company’s internal resources and based off free cash flow generation, or via a higher level of borrowings? This is important as it demonstrates if management may be biting off more than they can chew. The infamous leveraged buy-outs in the late 1990s, where companies borrowed aggressively to fund expensive acquisitions, turned out to be a grave mistake as many of these M&A subsequently fared poorly.
Assessing And Monitoring M&A
As investors, I believe we should continue to monitor and assess if the M&A performed well over time, to decide on whether the company had made a good or poor acquisition. Study the disclosures made of the new division or acquisition (assuming the company discloses such numbers) to determine if it is performing well or poorly. The time horizon should be anything from one year to three years, so this can be a long-drawn process.

The Foolish Bottom Line
M&A can be complex, and it’s not easy for the investor to assess if an M&A is good or bad unless he monitors it. A company may also have a track record of successful M&A which an investor can rely on for psychological comfort. The bottom line is that M&As are not always beneficial, and the investor should be aware of this.

Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #102 on: September 19, 2019, 01:06:05 PM »
The Basics Of Game Theory
https://www.investopedia.com/articles/financial-theory/08/game-theory-basics.asp

所有上市公司掌舵人在股票市场玩数字游戏最先考虑的重点是,他們自己本身的利益:

Chip Eng Seng's rights issue proposal = 大鱼吃小鱼  [供股(rights issue)纯粹为了让大股东吞吃小股东的利益]

Elephant in the room: “Change of control” situations ~ 5 Sep 2019
https://governanceforstakeholders.com/2019/09/05/elephant-in-the-room-change-of-control-situations/
“if the EGM resolutions are passed, the controlling shareholders stand to receive about $1 million to carry out this rights issue that will likely allow them to increase their shareholdings beyond 30% without triggering the mandatory general offer. This seems like a case of having your cake and eating it too.”



Securities watchdog looking into billionaire couple' s purchase of Chip Eng Seng shares

18 Sep 2019

THE Securities Industries Council (SIC), which administers Singapore's takeover code, is looking into the circumstances that saw billionaire couple Celine and Gordon Tang emerge as substantial shareholders of Chip Eng Seng in October last year.

"The SIC is looking into the acquisition of shares in the company in October 2018 by the relevant parties," the council said on Tuesday in response to queries from The Business Times.

"As our enquiry is on-going, we are not able to comment further at this point."

The Tangs forked out S$201 million to become Chip Eng Seng's largest shareholders last October, through married deals with members of Chip Eng Seng's controlling Lim family that were done at a premium to the market price.

However, the Tangs chose not to buy out the Lim family's entire stake. Instead, they bought enough to take their stake to 29.73 per cent.

By keeping their ownership below 30 per cent, the Tangs avoided having to buy out Chip Eng Seng's minority shareholders at the same price that the insiders were bought out.

So when Chip Eng Seng proposed a rights issue last month that will be sub-underwritten by the Tangs, corporate governance advocates raised concerns that the relatively unattractive rights offering could lead to the Tangs raising their stake to as high as 43.43 per cent of the enlarged issued capital, allowing them to strengthen their control over the property and construction group without paying minority shareholders a dime.

The SIC declined to comment on why it is revisiting last year's married deals now.

In July, it greenlighted the Tangs' request to waive their obligation to buy out everyone if their ownership crosses 30 per cent as part of the rights issue.

The council's statement on Tuesday came after BT asked it to explain its rationale for the waiver.

Rule 14(6) of the takeover code requires the Tangs to make a takeover offer for Chip Eng Seng if the council judges that the couple have "a significant degree of control" over the voting rights of those insiders who sold them only part of their shares.

Corporate governance activists Mak Yuen Teen and Chew Yi Hong had argued in the pages of BT last week that the Tangs do indeed have effective control over the company, which they believe puts the rationale for the rights issue into question.

Even if the Tangs keep their ownership below 30 per cent, the code states that "the payment of a very high price for the voting rights would tend to suggest that control over the entire holding (of the sellers) was being secured", among other things.

The Tangs paid the Lims a premium of 26.5 cents (or about 33 per cent) to the average undisturbed price of 81.5 cents for their shares last year, wrote Prof Mak and Mr Chew, which works out to a control premium of about S$49 million.

Prof Mak said on Tuesday: "I think the issues of concert parties, partial sales, payment of a high price, independence of directors and corporate actions like the rights issue we saw in Chip Eng Seng need to be scrutinised. It's good if the SIC is looking at it."

When BT approached Chip Eng Seng's board of directors for comment on Tuesday, independent director Abdul Jabbar said: "As the acquisition of shares is a shareholder issue which does not involve the company and there is an enquiry by the SIC on going, it would not be appropriate for the board of CES (Chip Eng Seng) to comment on this.

"From CES' perspective, our corporate strategic growth plans and need for funding remain in place, and, barring any unforeseen developments, we intend to proceed with the rights issue as planned."

The SIC follows due process in its enquiries. It cannot halt a company's corporate actions without the backing of its findings.

Celine Tang, who is a non-executive and non-independent chairman of Chip Eng Seng, did not comment.

Gordon and Celine Tang reside in Singapore, and are reportedly close to the Bush family and Thailand's former prime minister Yingluck Shinawatra.

Mrs Tang is managing director of Singapore-listed SingHaiyi. Neil Bush, the brother of Jeb and former US president George W. Bush, chairs SingHaiyi.

The Tangs also own stakes in Singapore-listed Suntec Reit, ARA US Hospitality Trust, Eagle Hospitality Trust, Cromwell European Reit, OUE Commercial Reit and OKH Global.

Chip Eng Seng proposes rights issue to raise S$96m for expansion

22 Aug 2019

MAINBOARD-LISTED developer  Chip Eng Seng on Thursday said that it plans to  do a renounceable underwritten rights issue of about 156.5 million new  shares at  S$0.63 each, to raise  net proceeds of about  S$96.3 million for its expansion plans.

This will be done on the basis of one rights share for  every four existing shares in the company held by shareholders.

Proceeds will be used  to finance the possible expansion of its property development business in Singapore and overseas, as well as to fund  possible strategic investments and acquisitions in the  education segment of its business, which is in line with the group' s recent diversification into the education sector.

Some money will also be used for  the growth and operations of the group' s hospitality segment, as well as for  general and working capital.

In support of the rights issue, controlling shareholder Celine Tang (also the company' s chairman), her husband Gordon Tang, as well as group CEO Chia Lee Meng Raymond,  have given irrevocable undertakings to subscribe for their portion of shares, which constitute about 31.51 per  cent of the total number of rights shares.

Mr and Mrs Tang have been granted approval by the  Securities Industry Council of Singapore not to have to  make a  mandatory general offer, should  their shareholding in the company rise above 30 per cent.

Ms Tang has a direct and deemed interest of  29.73 per cent in the company.

The price carries a 7.35 per cent discount to the closing price of S$0.68 per share on  Aug 22, and a  5.97 per cent discount to the theoretical ex-rights price of S$0.67, assuming the completion of the rights issue, calculated based on the Aug 22 closing price.

Chip Eng Seng said it has considered other fundraising options, including further bank borrowings  and debt instruments from financial institutions or debt issuances under its S$750  million Multicurrency Debt Issuance Programme, but found a rights issue to be the most " suitable" .

This is because its  net debt-to-equity ratio is already about 1.8 times as at end-June 2019, and  based on the three-year fixed rate notes issued in March 2019 under the programme, the cost of borrowing was 6 per  cent per annum.

"The cost of borrowing depends on market conditions and may be higher for borrowings of a longer tenor," it said.

It has also calculated based on its last paid dividends and Aug 22 closing price, that the cost of equity would be cheaper at about 5.88 per cent per  annum.

Therefore, a rights issue would strengthen the group' s financial position by improving its  balance sheet and capital base, while reducing its net gearing, the firm added.

At the same time, it will give the group greater financial capacity  and flexibility to capitalise on investment and expansion opportunities and allow it to respond  to such opportunities quickly, it said.

Chip Eng Seng will be seeking approval from shareholders in  an extraordinary general meeting to be convened to vote on the issuance, among other things.

United Overseas Bank has been appointed the manager and underwriter for the rights issue.

Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #103 on: October 21, 2019, 09:39:38 AM »
Motley Fool ceasing Singapore operations over regulatory issues

By Claudia Tan
10 Oct 2019

THE Motley Fool Singapore is ceasing operations over a regulatory bind with the Monetary Authority of Singapore (MAS).

The company - a local outpost of Motley Fool in the US - is an investment advisory business that covers stocks and companies, and gives recommendations based on a subscription-based model.

It is classified as a financial institution and operates with a financial adviser's licence under the Financial Advisers Act (FAA).

Its chief executive officer David Kuo said: "We are a subscription service, we don't manage people's funds so it's hard to understand why we have to be regulated the same way as a financial institution."

But nobody is to blame, noted Mr Kuo. "It comes down to regulation and I am not at any point criticising it, it's just that it does not make commercial sense for us to operate under such rules," he said.

Under the FAA, the firm is required to maintain a paid-up capital of S$150,000 and net assets sufficient to cover at least three months of their expenses, subject to a minimum of S$112,500. "This is to ensure they have sufficient financial resources to meet their near-term obligations," said a MAS spokesperson.

Such rules hindered the growth of the company as income from subscription fees have to be booked as assets. "Unfortunately, because we have to keep all of this cash as net assets, we cannot grow the business. The more we grow, the more net asset is required," said Mr Kuo.

According to the MAS spokesperson, most foreign regulators also require financial advisers to maintain a minimum level of liquid assets that are tied to either expenses or cash flows.

Motley Fool, however, continues to thrive in markets outside Singapore including the US, Australia and Japan. "They are not regulated the same way we are and that really is the crux of the matter," said Mr Kuo.

When the company was set up locally in 2013, it started out with Mr Kuo, his business manager and a mere two subscribers. It has since grown exponentially and amassed over 150,000 subscribers. About 10,000 of them pay between S$200 to S$2000 annually for additional services such as seminars and access to exclusive events.

But this very growth caused Motley Fool to become a victim of its own success. The firm had to continuously pump in more capital into the business to cope with the progress it was making. "We needed a huge amount of capital to generate a small amount of revenue. I am not saying it doesn't work, but the return on the investment is not good enough to run the business," said Mr Kuo.

In its response to BT, MAS noted that it had, in February this year, launched the S$75 million Grant for Equity Market Singapore (GEMS) initiative. This included the Research Talent Development grant which co-funds the salaries of local equity research analysts. BT understands that Motley Fool had not made any application under this scheme.

Asked if the firm would consider merging with investment funds, Mr Kuo said: "We believe that private investors should look after their own money rather than hand it over to professional money managers. More than two-thirds of fund managers are unable to beat the market. The primary reason is the fees and charges that eat into investors' returns."

Motley Fool has since notified subscribers of its closure and will be providing them with the necessary refunds. In its email notice to subscribers, Mr Kuo said the challenging environment made it difficult for the company to grow meaningfully and it will cease operations completely on Oct 31.

"Even though the Motley Fool Singapore may not be around, we hope the lessons of long-term investing in companies will last in the minds of our community," he said in the email.

Looking ahead, Mr Kuo plans to continue writing his own commentaries to express his views on the financial market through his own website. "The team is very committed to what we set out to do in the beginning - to educate Singaporeans on how to invest," said Mr Kuo.

Two other members from the team, made up of some 16 people including full-time and freelance analysts and writers, are in the midst of setting up their own website to share stock information.

On the possibility of revising current rules, the MAS spokesperson said that the authority "will periodically review its regulatory requirements, factoring in industry and global developments".

Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #104 on: October 21, 2019, 10:48:29 AM »
Malaysia parliament scraps law criminalising fake news ~ 10 Oct 2019
https://www.aljazeera.com/news/2019/10/malaysia-parliament-scraps-law-criminalising-fake-news-191010024414267.html
Legislation gives government power to order social media sites to put warnings next to posts authorities deem to be false.
  • Law passed by previous government which critics said was designed to stifle dissent repealed at second attempt.
  • Malaysia was among the first countries in the world to introduce anti-fake news legislation.
  • Neighbouring Singapore has passed similar legislation, which came into effect this month despite objections from opposition politicians.
  • Thailand is planning to open a "fake news" centre to monitor online content in November.
  • "Such anti-fake news laws are just a a rebranding of government censorship in a more appealing form, designed to fool people while enabling officials to shut down criticism they don't like," Robertson said.
The Online Citizen article, editor Terry Xu's Facebook post contain falsehoods: MCI and MinLaw ~ 8 Oct 2019
https://www.straitstimes.com/singapore/the-online-citizen-article-editor-terry-xus-facebook-post-contain-falsehoods-mci-and

Singapore’s ‘fake news’ law takes effect as critics sound alarm ~ 2 Oct 2019
https://www.thestar.com.my/tech/tech-news/2019/10/02/singapores-controversial-fake-news-law-comes-into-effect
Singapore's new law to combat "fake news" came into effect Oct 2 despite criticism from tech giants and activists, who labelled the tough rules a "chilling" attempt to stifle dissent.

TOC editor Terry Xu applies to bring in PM Lee Hsien Loong's siblings in lawsuit ~ 1 Oct 2019
https://www.straitstimes.com/politics/toc-editor-terry-xu-applies-to-bring-in-pm-lee-hsien-loongs-siblings-in-lawsuit
Mr Terry Xu, who filed his application in the High Court last Thursday (Sept 26), said he wanted Mr Lee Hsien Yang and Dr Lee Wei Ling to bear the damages if he is found to have defamed PM Lee in an Aug 15 article published by TOC. He explained in a separate document filed last Friday that the article, "PM Lee's wife, Ho Ching weirdly shares article on cutting ties with family members", was meant to be ironic and meant no malice.

TOC editor-in-chief files defence against PM Lee’s defamation suit ~ 27 Sep 2019
https://www.theonlinecitizen.com/2019/09/27/toc-editor-in-chief-files-defence-against-pm-lees-defamation-suit/
Following Mr Xu’s refusal to take down an article published on TOC titled “PM Lee’s wife, Ho Ching weirdly shares article on cutting ties with family members” and issue an apology for the post as set out in the letter of demand from the Prime Minister’s Office on 1 Sept, a writ of summons was served by PM Lee to Mr Xu on 5 Sep.

Singapore’s PM Lee ‘will testify in court’ if defamation suit against The Online Citizen editor goes to trial ~ 11 Sep 2019
https://www.scmp.com/news/asia/southeast-asia/article/3026791/singapores-lee-hsien-loong-will-testify-court-if
  • Lee Hsien Loong is suing Terry Xu for a report that repeats allegations made by his siblings over a family home previously owned by their father, Lee Kuan Yew.
  • The suit has caused a stir amid talk of looming elections, but analysts say the case should not be seen as a proxy battle between Lee and his siblings.
PM Lee’s siblings can decide if they want to testify in court with Terry Xu should the defamation suit goes to trial ~ 11 Sep 2019
https://www.theonlinecitizen.com/2019/09/11/pm-lees-siblings-can-decide-if-they-want-to-testify-in-court-with-terry-xu-should-the-defamation-suit-goes-to-trial/

TOC editor-in-chief to self-represent in court, files memorandum of appearance following PM Lee’s filing of defamation suit ~ 10 Sep 2019
https://www.theonlinecitizen.com/2019/09/10/toc-editor-in-chief-to-self-represent-in-court-files-memorandum-of-appearance-following-pm-lees-filing-of-defamation-suit/
Mr Xu is expected to enter his defence for the case within 14 days from today. The pre-trial conference is due to take place on 15 Oct at 9.30am.


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #105 on: October 21, 2019, 12:10:59 PM »
NBA总裁肖华拒绝应中共要求开除莫雷 重申言论自由是美国企业价值观之一 ~ 18 Oct 2019
https://www.youtube.com/watch?v=ezRp9GuVKa4

NBA's relationship with China frayed over Hong Kong protests ~ 18 Oct 2019
https://www.youtube.com/watch?v=3_2LowVd4Fw

Chinese censorship is no longer just a China problem ~ 17 Oct 2019
https://www.youtube.com/watch?v=8Sv0RkLlaEE

Chinese censorship is spreading beyond its borders ~ 15 Oct 2019
https://www.afr.com/world/asia/chinese-censorship-is-spreading-beyond-its-borders-20191015-p530ql
An incident last week underlined that, in reality, China feels perfectly entitled to interfere when foreigners express views that displease Beijing. A pro-Hong Kong tweet from the general manager of the Houston Rockets led to a clash between China and America’s National Basketball Association, which resulted in NBA games being pulled from Chinese state television.

From the NBA to ‘South Park,’ China refuses to play ball with its critics ~ 15 Oct 2019
https://variety.com/2019/biz/news/china-censorship-nba-south-park-activision-blizzard-1203370536/

China’s conflict with the NBA shows why companies can’t force social change by themselves ~ 13 Oct 2019
https://www.washingtonpost.com/politics/2019/10/13/chinas-conflict-with-nba-shows-why-companies-cant-force-social-change-by-themselves/
A tweet landed a global brand in a clash of politics and cultural demands.



越来越多的美国新闻媒体由少数公司控制 ~ 19 Sep 2019
https://www.voachinese.com/a/the-strip-mining-of-the-us-news-industry-20190918/5089637.html
根据北卡罗来纳大学的数据,15年前还在活跃的报纸有20%已关门大吉,让数以百计的地方连一家当地报纸也没有。根据皮尤研究中心的数据,报纸新闻编辑室的工作岗位自从2004年以来锐减了47%。与此同时,盖特豪斯媒体(GateHouse Media)和甘尼特(Gannett)等这样的公司控制着数百家出版物,它们利用集中式的新闻采集手段,减少了对当地社区的关注。



Utusan, oldest Malay newspaper, and Kosmo! to cease publication ~ 19 Aug 2019
https://www.thestar.com.my/news/nation/2019/08/19/utusan-malaysias-oldest-newspaper-and-kosmo-to-cease-publication
All publications under the Utusan Group – Utusan Malaysia, Mingguan Malaysia, Kosmo!, and Kosmo! Ahad – will cease all print and online publications on Wednesday, 21 Aug 2019.


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #106 on: October 21, 2019, 01:23:04 PM »
Singapore’s Lee Hsien Loong a social media hero in China for Hong Kong protest comments ~ 18 Oct 2019
https://www.scmp.com/week-asia/politics/article/3033441/singapores-lee-hsien-loong-social-media-hero-china-hong-kong
  • Leader of the Lion City has criticised the Hong Kong protesters, saying they are trying to ‘humiliate’ the government rather than solve problems.
  • He also admitted his own country was not immune to the forces of ‘deep social angst’ sweeping various places across the globe.
What do protests in Hong Kong and Barcelona have in common? (video) ~ 18 Oct 2019
https://www.youtube.com/watch?v=qQM2lnloBwU

黄耀明:在香港,对抗一种无法命名的恐惧 ~ 24 Sep 2019
https://www.youtube.com/watch?v=XMr41B-EUBE

赴美國會聽證遊說!何韻詩談革命這一路 ~ 23 Sep 2019
https://www.youtube.com/watch?v=BQKHSinHDAw

Disney’s Mulan faces boycott calls after star Crystal Liu Yifei backs police in Hong Kong, accused of excessive force against protesters ~ 16 Aug 2019
https://www.scmp.com/lifestyle/entertainment/article/3023061/disneys-mulan-faces-boycott-calls-after-star-crystal-liu

何韻詩:我完全被中共封殺了 外媒:當年挺六四的眾港星 反送中今昔何在? ~ 10 Jul 2019
https://www.youtube.com/watch?v=nhdX2ubsYvE

歌手何韻詩在聯合國兩分鐘發言 遭中共兩次打斷 ~ 9 Jul 2019
https://www.youtube.com/watch?v=xqJD5qogU6c

何韻詩在聯合國接受採訪:港人抗議轉移到九龍方向 給大陸傳遞信息 ~ 8 Jul 2019
https://www.youtube.com/watch?v=Lpd8i7T33Hs

Denise Ho - Oslo Freedom Forum : “Under the umbrella : Creative dissent in Hong Kong” ~ 29 May 2019
https://www.youtube.com/watch?v=KXeqW22YaaA

Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #107 on: October 28, 2019, 11:21:44 AM »
Singapore Manpower Minister Josephine Teo on higher unemployment rate: Jobseekers not having the skills ~ 25 Oct 2019
https://www.theonlinecitizen.com/2019/10/25/manpower-minister-josephine-teo-on-higher-unemployment-rate-jobseekers-not-having-the-skills/

Strong Singapore employment growth in Q3 but highest jobless rate in nearly a decade: MOM data ~ 24 Oct 2019
https://www.todayonline.com/singapore/new-spore-labour-data-shows-strong-employment-growth-highest-jobless-rate-nearly-decade

Five states, including some crucial to Trump, just hit all-time low unemployment rates ~ 18 Oct 2019
https://www.cnbc.com/2019/10/18/five-states-just-hit-all-time-low-unemployment-rates.html
The declines come amid a national jobless rate that fell to 3.5%, the lowest since 1969.



US unemployment rate falls to 50-year low of 3.5% ~ 4 Oct 2019
https://www.bbc.com/news/business-49934309
The positive jobs data is unlikely to ease pressure on Federal Reserve chief Jerome Powell to cut interest rates.

Low hurdle seen to maintain sub-4% U.S. unemployment rate ~ 4 Oct 2019
https://www.bnnbloomberg.ca/low-hurdle-seen-to-maintain-sub-4-u-s-unemployment-rate-1.1326515



PMET unemployment in Singapore continues to climb ~ 3 Oct 2019
https://www.theonlinecitizen.com/2019/10/05/latest-mom-data-number-of-pmets-losing-their-jobs-continues-to-climb/
Meanwhile, the number of foreign PMETs employed in Singapore continues to climb.



The Edge Singapore called out by MOM, MOE for inaccurate data on jobless graduates ~ 6 Jul 2019
https://www.todayonline.com/singapore/business-edge-singapore-called-out-mom-moe-inaccurate-data-jobless-graduates

Young Singaporeans face higher unemployment levels compared to older peers: MOM data ~ 28 Jun 2019
https://www.theedgesingapore.com/issues/labour-market/young-singaporeans-face-higher-unemployment-levels-compared-older-peers-mom


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #108 on: November 10, 2019, 07:52:39 AM »
Nestle and Unilever ‘linked to Indonesian forest fires engulfing southeast Asia in noxious haze’ ~ 9 Nov 2019
https://www.independent.co.uk/environment/indonesia-forest-fires-palm-oil-nestle-unilever-pg-desforestation-slash-burn-a9195716.html
All of the companies buy palm oil from specific plantations under investigation for 2019 fires, and from plantations with court actions against them for 2015-2018 fires, the environmental group alleges.

Malaysia turns to Africa after India rebuke on palm oil  ~ 8 Nov 2019
https://www.aa.com.tr/en/africa/malaysia-turns-to-africa-after-india-rebuke-on-palm-oil/1639243
Indian businessmen stopped importing palm oil after Malaysian premier called for solution to Kashmir dispute.

Malaysia identifying new potential markets for palm oil in Africa — minister ~ 8 Nov 2019
https://www.theedgemarkets.com/article/malaysia-identifying-new-potential-markets-palm-oil-africa-%E2%80%94-minister
Ethiopia, in 2018, imported 149,435 tonnes of Malaysian palm oil and palm oil-based products worth RM457.17 million.

Malaysia, India locked in spat over Kashmir ~ 8 Nov 2019
https://www.aa.com.tr/en/asia-pacific/malaysia-india-locked-in-spat-over-kashmir/1639055
Indian businessmen refuse to buy palm oil from Malaysia over its stance on disputed territory. India was angered after Malaysian Prime Minister Mahathir Mohamad said New Delhi had "invaded and occupied" Jammu and Kashmir during his address in New York City at the 74th session of the UN General Assembly on Sept. 27.

Malaysia's Mahathir stands by Kashmir comments despite palm oil boycott by India traders ~ 22 Oct 2019
https://www.reuters.com/article/us-india-malaysia-trade/malaysias-mahathir-stands-by-kashmir-comments-despite-palm-oil-boycott-by-india-traders-idUSKBN1X11BB
India was Malaysia’s third-largest export destination in 2018 for palm oil and palm-based products worth 6.84 billion ringgit ($1.63 billion).

Palm oil exports set to decline as India buys less ~ 12 Sep 2019
https://www.thestar.com.my/business/business-news/2019/09/12/palm-oil-exports-set-to-decline-as-india-buys-less
Malaysia’s biggest palm oil buyer is likely to reduce its purchase over the next few months, a move that is expected to hit local palm oil exporters beginning this month. India, which accounted for nearly 33% of Malaysia’s palm oil exports in August 2019, recently upped the import tax on Malaysia’s refined palm oil from 45% to 50% for a period of six months.

The real problem with palm oil ~ 5 Jul 2019
https://www.youtube.com/watch?v=TNbZMJoMn6Q


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #109 on: November 10, 2019, 03:05:45 PM »
一斤到底有几两?
https://www.youtube.com/watch?v=NhWJ7C6Xyp8

楊欣儒:一斤有多重?
http://www.chinapress.com.my/20170901/%E6%A5%8A%E6%AC%A3%E5%84%92%EF%BC%9A%E4%B8%80%E6%96%A4%E6%9C%89%E5%A4%9A%E9%87%8D%EF%BC%9F/
马来西亚的1斤是600克; 中国的1斤是500克。


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #110 on: November 11, 2019, 11:22:01 AM »
Why Singaporeans don’t back Hong Kong protests ~ 10 Nov 2019
https://www.hongkongfp.com/2019/11/10/singaporeans-dont-back-hong-kong-protests/
With a similar colonial past, territorial size and economic success, Singapore and Hong Kong serve as mutual yardsticks for progress and remain competitors at the forefront of the Asia-Pacific region. In spite of this, sections of the majority Chinese population in Singapore have expressed a general disdain at the ongoing protests in Hong Kong, often taking to social media to voice their objections.



Hong Kong police shoot black-clad protester in stomach ~ 10 Nov 2019
https://www.youtube.com/watch?v=acYz0ZTAtyE



Singapore’s Lee Hsien Loong a social media hero in China for Hong Kong protest comments ~ 18 Oct 2019
https://www.scmp.com/week-asia/politics/article/3033441/singapores-lee-hsien-loong-social-media-hero-china-hong-kong
Leader of the Lion City has criticised the Hong Kong protesters, saying they are trying to ‘humiliate’ the government rather than solve problems.


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #111 on: November 15, 2019, 11:27:51 AM »
Impending GST hike to 9% to be announced in Singapore Budget 2020: DPM Heng ~ 10 Nov 2019
https://www.todayonline.com/singapore/support-package-cushion-impact-gst-hike-be-announced-next-budget-heng



Upcoming Singapore GST hike: Heng Swee Keat says there'll be measures to cushion impact ~ 9 Nov 2019
https://www.youtube.com/watch?v=RA5gYcwRKLc

Highlights of Malaysia National Budget 2020 ~ 24 Oct 2019
https://www.youtube.com/watch?v=ywB6SpqHOIg
Now that there’s talk again about Malaysia National Budget 2020 that has just been tabled at the Dewan Rakyat by Finance Minister Lim Guan Eng.

Malaysia Budget 2020: Putrajaya says no to reintroduction of GST ~ 11 Oct 2019
https://www.malaymail.com/news/malaysia/2019/10/11/budget-2020-putrajaya-says-no-to-reintroduction-of-gst/1799365
The Pakatan Harapan (PH) government does not plan to reintroduce the Goods and Services Tax despite trade tensions weighing on the economy. Finance Minister Lim Guan Eng announced this when tabling Budget 2020 in Parliament’s Lower House today.



Singapore GST reverse charge to take effect on 1 January 2020 ~ 24 Jun 2019
https://www.guidemesingapore.com/in-the-news/2019/gst-reverse-charge-to-take-effect-on-1-january-2020
With effect from 1 January 2020, all purchased services will be subjected to the Goods and Services Tax (GST) in Singapore, regardless of whether they are supplied by local or overseas suppliers.

Malaysia GST will be reduced from 6% to 0% starting 1st June 2018 ~ 16 May 2018
https://www.miricitysharing.com/gst-will-be-reduced-from-6-to-0-starting-1st-june-2018/
The Ministry of Finance Malaysia has just issued an official notice in its official facebook, which states that the GST excise tax rate will be reduced from the original 6% to 0% starting June 1st, 2018! Yes, it’s 0% Goods & Services Tax, which means that we don’t have to use GST anymore in Malaysia!



10 facts about the Singapore GST hike from 7% to 9% you need to know ~ 20 Feb 2018
https://goodyfeed.com/10-facts-about-the-gst-hike-from-7-to-9-you-need-to-know/
The first GST hike occurred in 2003 from 3% to 4%, and again to 5% in 2004. The last revision was made in 2007, with an increase of 2% to 7%.

Singapore to raise GST for first time in decade despite surplus – but taxpayers won’t feel pain for at least 3 years ~ 19 Feb 2018
https://www.scmp.com/week-asia/politics/article/2133860/singapore-raise-gst-first-time-decade-despite-surplus-taxpayers
The decision to raise the GST to 9% would be between 2021 and 2025.



Singapore to raise GST to 9% to support aging society

Two point hike planned between 2021-2025, finance minister says

Kentaro Iwamoto, Nikkei staff writer
February 19, 2018 21:30 JST

SINGAPORE -- The Singaporean government on Monday announced that it would raise its goods and services tax to 9% from the current rate of 7% sometime between 2021 and 2025 to support expanding healthcare spending as the country's population ages.

The tax revision was announced by Finance Minister Heng Swee Keat during a speech on the country's budget plan for fiscal 2018 starting in April.

The hike will likely come after the next general election, which will be held by January 2021.

Speaking in parliament, Heng said, "We have sufficient resources to meet our spending needs until 2020... But in the next decade, between 2021 to 2030, if we do not take measures early, we will not have enough revenues to meet our growing needs."

In the 2018 budget, the government has allocated S$10.23 billion ($7.8 billion) for healthcare, nearly triple expenditure in this area in 2010. Economists had predicted the government would likely announce a rise in the GST soon.

"This GST increase is necessary because even after exploring various options to manage our future expenditures through prudent spending, saving and borrowing for infrastructure, there is still a gap," Heng pointed out. He said the country would build six hospitals and four polyclinics within the next five years.

The proposed GST hike will mark the first rise since 2007, when the rate was raised 2 percentage points from 5%. Singapore's GST rate is relatively low compared to 10% in South Korea and Indonesia, and 8% in Japan. The revenue from a rise of 2 percentage points would be worth 0.7% of the country's gross domestic product, the minister said.



Heng also said the government would impose GST on imported services, such as music downloads and smartphone apps, from January 2020. Currently services purchased from overseas suppliers are not subject to GST.

The imposition of tax on cross-border online shopping has been under consideration as the digital economy expands. According to research by Google and Singapore's Temasek Holdings in 2016, Singapore's e-commerce market will expand to $5.4 billion by 2025, a more than five-fold increase from $1 billion in 2015.

The government will hold further international talks before making a decision on the taxation of imported goods, Heng said.

In addition to healthcare expenditure, the finance minister also said infrastructure needs would expand significantly over the next decade, with Singapore planning big projects like the Singapore-Kuala Lumpur high-speed railway and Changi Airport's fifth terminal. He said the government would secure funds for such projects by saving and borrowing.

In the fiscal 2018 budget, the government expects to have total revenue of S$72.68 billion, 3.3% down from 2017's revised estimate, while expenditure will increase 8.3% to S$80.02 billion.

As a result the government is expected to see a primary deficit of S$7.34 billion.

The budget plan and proposed tax rise will be discussed in parliament before they are enacted.

Singapore Budget 2019: Overall budget surplus of $2.1 billion for Financial Year 2018 ~ 18 Feb 2018
https://www.straitstimes.com/singapore/singapore-budget-2019-overall-budget-surplus-of-21-billion-for-financial-year-2018
An overall budget surplus of $2.1 billion is expected for the 2018 financial year, a $2.7 billion increase from the $600 million deficit that was forecast a year ago.


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #112 on: November 15, 2019, 05:29:09 PM »
習對香港問題表態,美參院起動熱線機制 ~ 14 Nov 2019
https://www.youtube.com/watch?v=RRUzVQjdgZk

《香港人權與民主法案》料感恩節前完成參議院立法程序 ~ 14 Nov 2019
https://www.youtube.com/watch?v=JMjqZJIaLYk

US senators initiate expedited process to pass Hong Kong Bill ~ 14 Nov 2019
https://www.theepochtimes.com/passage-of-hong-kong-bill-could-be-imminent-senators_3146711.html
The hotline process, initiated by Sens. Marco Rubio (R-Fla.) and Jim Risch (R-Idaho), will bypass the regular roll-call voting procedure. The process requires leaders of both parties to come to an agreement. Each senator would then be informed and provided a specified amount of time to object to the bill. If no objection is raised, the bill is considered passed.



中國是怎樣打「反送中」這場資訊戰? ~ 15 Oct 2019
https://matters.news/@fukingwa/%E4%B8%AD%E5%9C%8B%E6%98%AF%E6%80%8E%E6%A8%A3%E6%89%93-%E5%8F%8D%E9%80%81%E4%B8%AD-%E9%80%99%E5%A0%B4%E8%B3%87%E8%A8%8A%E6%88%B0-zdpuAyLdBnbb55EanHvAsG2eZFyEpX9nbJ1cNbeNnNbibZyyD
策略性傳播(strategic communication):現在,我們看一些新聞和信息已經不限於判斷其事實上對錯或真假,而要去瞭解發佈者背後的目的,是否刻意地去發佈,就算受眾不相信及接受訊息,但或已改變對事物的印象,已達到策略性傳播者所要的目的。


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #113 on: November 16, 2019, 01:19:25 PM »
S$211 million in CPF money left unclaimed over the last 6 years; will more CPF members die before spending their hard-earned monies? ~ 15 Nov 2019
https://www.theonlinecitizen.com/2019/11/15/s211-million-in-cpf-money-left-unclaimed-over-the-last-six-years-with-no-nominated-benefactors/
The IPTO (Insolvency and Public Trustee’s Office) received S$63.2 million of unnominated CPF money last year alone, belonging to 3,450 individuals. That’s a lot of money left unclaimed. The question is, why? Lawyers whom The Straits Times spoke to said that the amount of unclaimed CPF monies is likely to rise as the population ages and family sizes shrink.

CPF Board rejects application of 56-year old heart patient to withdraw from his CPF account, saying he is ‘not physically incapacitated’ ~ 15 Nov 2019
https://www.theonlinecitizen.com/2019/11/15/cpf-rejects-application-of-56-year-old-heart-patient-to-withdraw-from-his-cpf-account-saying-he-is-not-physically-incapacitated/
According to the official website of the CPF Board, in order to apply to withdraw some of your CPF savings on medical grounds, they need to certify that you:
  • are physically or mentally incapacitated from ever continuing in any employment; or
  • have a severely impaired life expectancy; or
  • lack capacity within the meaning of Section 4 of the Mental Capacity Act (MCA) and the lack of capacity is likely to be permanent; or
  • are terminally ill.
From 2020, CPF’s Retirement Sum Scheme payout period will be at age 90, instead of at age 95 today ~ 5 Nov 2019
https://www.todayonline.com/singapore/cpfs-retirement-sum-scheme-payout-period-be-capped-age-90-2020-josephine-teo
This means that the initial CPF full lump sum withdrawal at age 55 has now become a monthly payout (for 25 years if you start your monthly withdrawal from age 65).

Totally illogical to suggest CPF payout term of 28 years where there is no one to receive balance payout ~ 28 Jan 2019
https://www.theonlinecitizen.com/2019/01/28/totally-illogical-to-suggest-cpf-payout-term-of-28-years-where-there-is-no-one-to-receive-balance-payout/
Let’s get our facts right:
  • CPF is only a custodian of members’ CPF savings. That means the money belongs to the members.
  • CPF savings is supposed to help members save for their old age. The initial age was 55 years to withdraw full lump sum.
These are facts which no one can challenge. Then why make changes to the CPF Act without asking the members? A referendum is the correct and democratic way to give members a say in accepting the new CPF policies or otherwise. Any CPF policy can not be fixed or approved by the CPF board of directors because they are merely custodians of our monies and they do not represent all Singaporeans.



What happens to my CPF savings when I turn 55? ~ 3 Apr 2019
https://www.youtube.com/watch?v=aOB-bMyN8Rw

How much CPF savings can I withdraw from age 55? ~ 1 Mar 2019
https://www.youtube.com/watch?v=c9R_tminMBY

MSF rejects social assistance application from 59-year-old senior due to having CPF payout ~ 13 Jun 2018
https://www.theonlinecitizen.com/2018/06/13/msf-rejects-social-assistance-application-from-59-year-old-senior-due-to-having-cpf-payout/


Offline zuolun

  • Baron
  • *****
  • Posts: 2,584
Re: The other side of the coin
« Reply #114 on: November 16, 2019, 08:49:19 PM »
百餘香港學生寫700封信 細述三罷堵路原因 ~ 16 Nov 2019
https://www.ntdtv.com/b5/2019/11/16/a102708457.html



China broke its promises to Hong Kong. That’s why the protest movement is back with a vengeance ~ 4 Sep 2019
https://www.scmp.com/comment/opinion/article/3025385/china-broke-its-promises-hong-kong-thats-why-protest-movement-back
Beijing has not really let Hong Kong people rule Hong Kong, contrary to the principle underpinning the Basic Law. When dissent is suppressed without resolving the underlying issue, protest just emerges in another form. There is a reason why “one country, two systems” and “Hong Kong people ruling Hong Kong” are twin pillars of the Basic Law: they are mutually dependent. One principle cannot work without the other.