Monthly Archives: September 2007

Old Age and still Working

Posted on September 29, 2007 by limkimtong

One in two at age 62 now is likely to live beyond 85 years old. Do they have enough savings to see them through old age? Going by the number of elderly cleaners at food courts and hawker centres, these … Continue reading →

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New High for the STI

Posted on September 28, 2007 by limkimtong

The Straits Times Index (STI) reached a new high yesterday (Thursday 27 Sep) at 3714.77. Since the US sub-prime mortgage problems hit our stock market in August when the STI dropped to 2,962.01 on August 17, STI has recovered over … Continue reading →

Posted in Financial Management | Leave a comment

Consumerism

Posted on September 27, 2007 by limkimtong

APPLE launched the iPhones in the USA end June this year and the consumers took an instant liking for this APPLE-branded electronic gadget. It is a mobile phone with iPod functionalities. The marketing, branding and ease of use make iPhone … Continue reading →

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Buying a property, let your fingers do the walking

Posted on September 22, 2007 by limkimtong

Savills Singapore, the property consultancy, said that the collective sales from April to June 2007 will yield about $6.4 billion in total proceed or about 2,800 units sold en-bloc for an average price of $2.3 million per unit. (Source: The … Continue reading →

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Mid-Autumn Outing for Bright Vision Hospital Patients

Posted on September 22, 2007 by limkimtong

On 20 September 2007 Thursday night, Bright Vision Hospital organised a mid-Autumn festival outing for 15 patients. Each patient was given a battery operated lantern to hold while more than 15 volunteers helped to push the patients on wheel chairs … Continue reading →

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Federal Reserve of US cuts interest rates

Posted on September 19, 2007 by limkimtong

Federal Reserve (Fed) has cut interest rates by half-percentage point during its Sep 18 meeting. The unanimous decision by the central bank’s policy-makers took the benchmark federal funds rate, which governs overnight loans between banks, down to 4.75 percent, its … Continue reading →

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Watch the European Stock Markets

Posted on September 18, 2007 by limkimtong

Watch the European Stock Markets   In yesterday’s trading on the Singapore Stock Exchange (Mon, 17 Sep), the STI  fell by 33 points in just 30 minutes after 3.30 pm. (Source: The Straits Times, 18 Sep 2007) This could be … Continue reading →

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Run on a British Bank parallel Run on Hedge Fund

Posted on September 18, 2007 by limkimtong

Britain‘s fifth-biggest mortgage lender, Northern Rock saw its share price tumbled 27 percent, adding to its 32 percent plunge on last Friday, when it issued a profit warning and tapped the Bank of England (BOE) for emergency funds. Scores of … Continue reading →

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Bursting of the Real Estate Bubble

Posted on September 16, 2007 by limkimtong

In 1997, the Asian financial crisis that resulted in a contagion that swept through the Asian and South East Asian countries, started with Thailand devaluing its currency, the baht. The real estate of Thailand collapsed and similarly, Singapore’s property market … Continue reading →

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Weak US Dollar, Drop in Employment and US Economy

Posted on September 9, 2007 by limkimtong

“The weak-US dollar policy could lead to a currency crisis with an even more damaging impact on global growth than the current credit squeeze.”- wrote Jeffrey E. Garten, Juan Trippe Professor of International Trade and Finance at the Yale School … Continue reading →

Posted in Economics | Leave a comment