reason i ask because there is many supply vsl base on sabah (to be specific labuan ASB port) . Many still working and chartered.

Can i have 1 tub of good ice cream from you??

I tot there's has been some workers cut in O&G sector

I dont have paper evidence... but what i know is they cut off the contract worker and redundancy employee only

oh I see.

Hi 3antz,... I'd like to put up an article that I read this morning :-

Odds stacking up for another monetary policy easing in October: analysts

The MAS will be more dovish.

A slew of poor economic data will likely push Singapore’s central bank to ease monetary policy in October, following an unscheduled easing move in January.

The odds have risen for another easing as dire August export numbers have dragged Singapore ever closer to a state of technical recession.

“We are increasingly convinced that the upcoming Monetary Authority of Singapore meeting in October could present some dovish bias and there could be a one-off downward shift in the SGD NEER midpoint by 1%,” said Francis Tan, Economist at UOB.

Tan does not expect the SGD nominal effective exchange rate (NEER) slope and bandwidth to be adjusted.

Bank of America Merrill Lynch economist Hak Bin Chua said that short-term interest rates will likely rise further if the MAS shifts to a neutral bias in October.

“We think MAS will likely shift its current weak appreciation bias to a neutral (zero) bias and/or re-center the S$NEER band downwards in October, if a technical recession is confirmed for 3Q,” he said.

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When the Singapore 'Bank Negara', the Monetary Policy Authority (MAS) meets next month, they will decide on a number of parameters for the succeeding period. A UOB Economist said they will defitey lower the reference band of which their SGD is matched against for determining the SGD Exchange Rate. This generally translates into a weakening of the SGD across the board, but specifically against which currency, I am not sure because the basket of reference band currencies is never disclosed to public,...

Hence, the SGD may weaken against the MYR next month, but again, this is speculative, and with the MYR so weak, I wonder how much a weakened SGD will drop against our MYR. MIght not even drop at all...

Anyway, if you are in for the long term, it's okay to go in now. Oil price still has downside compared to upside, and with the MYR tracsking oil price so closely, chances are the RM will weaken further against the SGD. So, buy-in now while the MYR 'is still stronger' agisnt the SGD.

After you have converted and wired your RM to Sgp, think of something to do with that SGD. FD is not worth it.

Long term view of the city-state. Would you bet on it to be able to grow the SGD strength for a few tens of years more into the future ? Would you buy more of the SGD ?... The decision is up to each of us whether to make the move or not.

Singapore poised to overtake Switzerland as world’s largest commodity trading hub

It will handle 30% of agri-commodity trade by 2025. Singapore will snatch Switzerland’s commodity trading crown over the next decade, as the city-state continues to ramp up operations on back of burgeoning Asian demand for commodities. CLSA forecasts that Singapore will handle 30% of global agricultural commodity trade by 2025, up from just 20% in 2015. Singapore will also retain its spot as Asia’s largest oil trader. Singapore’s commodity trading position will be cemented by improved operating conditions such as preferential tax rates for commodity traders, infrastructure improvements and increased logistics capacity.

i just did.

Free topping is possible.

Congrats,...

But, disclaimer : if that report is wrong and Sgp turns out just like Bolehland in 10 years time, don't blame me.

Singapore ke arah kuasa besar dunia. won't become like BolehLand said one unker

Hi Nexona,.. I hoped Unker is right. The challenge in investment is : anybody can be wrong, especially if we are in for the long term.

Wait,... if you read the Unker's posts carefully, he never said Sgp will succeed. He said Bolehland will definitely fail. Better clarify this before he hits with another posting for inaccuracy.

This post has been edited by Hansel: Sep 21 2015, 02:09 PM

By creating a international zone thru reclaimed land along d Tebrau Straits stretching from Changi to Tua with 200k units ave rm5mil each based on d Sentosa Cove idea. That will bring in 1Tril. Would that change d situation?

Should be one of the factors that make Sgp great. Still,..need to be careful. Look what happened to our Iskandar ?

All Asia Pacific currencies depreciated today
However, our MYR leading the depreciation with 1.48% to 4.2587

sg and msia were once the same.

now they are opposite twins.

where one will fail, the other will succeed.

what one will not do, the other will.

so, pick yr choice.

Twins,.... I'll still pick the southern twin, or not to pick at all.

End of the day, there is no harm to diversify. Glad that we have been doing that before the depreciation. On hindsight, regret never did more

Iskandar is not an International Zone with tax-free status so not as attractive, thats why somebody is toying with this idea.

As usual, when I challenge the doomsayers to set a timeframe, no one has the balls to commit. Your kind of answer is expected

A : Bro, your health is bad, you will get sick and never recover
B : When will I get sick and never recover ?
A : 1 day...
B :