Monthly Archives: January 2008

Fed cut Federal Funds Rate by half a percentage point

At its scheduled meeting on Wednesday, Federal Reserve (Fed) cut the Federal Funds rate by 0.5% to 3 percent. 8 days ago, Fed convened an emergency meeting and at that time cut the rate by a hefty 0.75% point.   … Continue reading

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IMF revised GDP Growth Estimates Downwards – 2008

IMF revised GDP Growth Estimates Downwards   The International Monetary Fund (IMF) revised the 2008 GDP growth estimates of the major economies and the world on Tuesday in an update of its twice-yearly World Economic Outlook. The previous estimates by … Continue reading

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STI first declined then rose during 1 week

STI was at 3,104 points on Friday 18 January. Monday, 21 January came and STI dropped steeply by 6% to close down to 2,917. This was the result of worsening fear of US going into recession. The recent US employment data was … Continue reading

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Pulses – The Heartbeat of Investors

The first revamped issue of Pulses (January 2008) was released for sale in mid-December 2007.   Pulses is published monthly by Singapore Exchange Limited (SGX) and is produced by The Business Times. The magazine carries information and insights on investments. … Continue reading

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Fear and Panic reign in Stock Markets

STI index dropped 187.10 points or 6.1% on Monday (22 Jan), its worst one-day drop since October 21 in 1987 (-266.91 points or -25.3%). It continued to slip 50.6 points or 1.73% on Tuesday to close at 2,866.55 points. At … Continue reading

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The dreaded “R” word

Move aside sub-prime mortgage woes and here comes the most used phrase – Recession in the US.   Is US in recession already? This sent the investors globally into a bearish frenzy. Who said that the Asian economies are decoupled … Continue reading

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Living an unclutered life in a clean environment

My family and I are at this crossroad that accumulation of more and more material things are not the most important aspect of our lives. We are beginning to release possessions we have accumulated over a number of years to … Continue reading

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Saving on petrol and car park charges

In 2006, whenever I filled up my petrol tank of my car, it used to cost me about $30 dollars per week. This year, my petrol consumption has risen to about $50 dollars per week. My travelling pattern has not … Continue reading

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Volunteering at O’Joy

O’Joy Care Services, a charitable organisation, had a booth set up in the Silver Industry Conference and Exhibition (Sicex) held over 12-13 January at Suntec Convention Centre.   Together with my wife, we helped out at the booth on 12 … Continue reading

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Debut of FTSE ST Indexes

10 January 2008, was the debut of the FTSE ST Indexes. The closing values of the revamped STI and the 18 indexes are provided the table below.     Close Change Straits Times Index (STI) 3311.07 -33.46 FTSE ST Index … Continue reading

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