Monthly Archives: November 2009

Shock to financial world

Dubai’s state-run investment firm Dubai World announced that it required six-month delay in debt servicing and repayment. The amount of debt in question is US$59 billion.   The banks, property developers and ancillary corporations world over connected with Dubai World’s … Continue reading

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Bearish views of the stock market

Robert Prechter is known for developing a theory of social causality called socionomics, for developing a new theory of finance and for his long career applying and enhancing Ralph Nelson Elliott’s model of financial pricing called the Wave Principle. (source: … Continue reading

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Singapore GDP expected to grow 3 – 5% in 2010

After the advance estimate made a month back, the Ministry for Trade & Industry (MTI) firmed the GDP growth rate for the third quarter to be 0.6 per cent expansion when compared to the corresponding period of last year.   … Continue reading

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Third Quarter Financial Results and Future Expectation

As of Friday last week, 306 SGX-listed companies had released their third quarter ended 30 September financial results. 83 per cent of these companies registered net profits. The combined earnings of all 306 companies rose 10.2 per cent over the … Continue reading

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Which major economies emerged from recession in Q3?

Economies were reporting positive growth of Gross Domestic Product (GDP) in the third quarter of 2009:   China’s economy expanded 8.9%. Hong Kong’s economy grew 0.4%. South Korea’s economy grew 2.9%. Singapore’s economy expanded14.9%. USA’s economy expanded 3.5%.   The … Continue reading

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MAS sounded a cautionary note

The Macroeconomic Surveillance Department of Monetary Authority of Singapore (MAS) released its annual Financial Stability Review (FSR) on 9 November 2009.   Though we may have seen the worst of the financial crisis which was exacerbated by the bankruptcy of … Continue reading

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Where is STI heading?

On 21 September 2009, my blog post stated that the Straits Times Index (STI) rose faster than Dow Jones Industrial Average (Dow) in the 6 months to September, but both were about 30% off the peak in October 2007 before … Continue reading

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