Monthly Archives: July 2009

Hot Money chasing for stocks

“THE current spectacular surge in Asian stock markets is being driven by vast sums of hot money flowing into the region in search of growth, analysts say.” (The Straits Times, 29 July 2009)   The spike in transaction volume on … Continue reading

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To buy or to sell stocks

Over the weekend, I heard from two active stock investors discussing the recent stock market movement. One commented that he did not get it. When Singapore is facing the worst recession since independence, people are still flocking to showflats and … Continue reading

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AEP Exhibition 2009 – Transfinity

I attended the Art Elective Programme (AEP) Exhibition 2009 last night. The exhibition entitled “Transfinity” was held at the City Hall and will end on 12 August. It showcases art work done by Secondary Four and Junior College Year 2 … Continue reading

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Unemployment and GDP contraction

Which comes first, unemployment or contraction of Gross Domestic Products (GDP) for a country?   The economic growth rate is tied to employment of labour resources. When the economy grows at a rapid pace, the labour market becomes tight. Labour … Continue reading

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STI to rise further?

On 30 May, I wrote in my Blog to question whether the Straits Times Index (STI) will break the 2,400 points level anytime soon then. After one and half months later, it did on 16 July at 2,401 and decisively … Continue reading

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GDP for 2009 is forecast to be -4.0 to -6.0 per cent

The Ministry of Trade and Industry (MTI) has revised upward the forecast Gross Domestic Products (GDP) to contract by 4.0 to 6.0 per cent for this year. This is an upward revision from the earlier forecast of contraction of 6.0 … Continue reading

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Rich got poorer in 2008

The 13th annual World Wealth Report revealed that number of Singapore’s millionaires declined 22 per cent to 61,000 in 2008. 17,000 lost its membership to this millionaires’ club. (Source: The Straits Times, 26 June 2009) To qualify for this club, … Continue reading

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