Don't misjudge how bad this low price oil environment has become. The banks are Totally risk adversed to O n G sector. They do not want to lend to this sector till they see oil price UP. this is from my recent experience.

AND to make it worse..................

Asian LNG prices has plunged 75% since 2014 due to market oversupply

Singapore Rig Giant’s Man in Brazil Says Managers Backed Bribes
http://www.bloomberg.com/news/articles/201...s-backed-bribes

Fullerton Healthcare lodges preliminary prospectus, may raise more than S$220 mil

http://www.theedgemarkets.com/my/article/f...?type=Corporate

Singapore Strains Mount as ASL Marine Seeks to Issue Shares
  Denise Wee 
October 24, 2016 — 11:30 AM MYT Updated on October 24, 2016 — 1:40 PM MYT

Strains are spreading in Singapore’s debt market as more firms in the maritime sector with borrowings coming due grapple with the slump in global trade and energy prices.
http://www.bloomberg.com/news/articles/201...d-strains-mount

Bad Loan Charges to Hit Singapore's Three Biggest Banks
http://www.bloomberg.com/news/articles/201...re-bank-profits

I am using iTrade (CIMB), its easy to use. However, I have not been using it for a long while now, just collecting div for BJTOTO for like >10 years now, lost track of ROI already. I haven't had any transactions for the last 10 years, IIRC. Bursa is boring.

I am not sure of the fees compared to other online trading platforms, definitely not the cheapest.

Edit: Sorry OT.

Do u need a cimb savings acc then? I had close my savings.

Yeah i used to have bjtoto using osk but troublesome with their online acc.so i decided to close.

Thanks

Those who invested into SG REITs and counters are now benefitting,...

Don't know why of this freefall now : http://finance.yahoo.com/chart/SGDMYR%3DX#...jp0cnVlfQ%3D%3D

KUALA LUMPUR - Malaysia's central bank on Friday (Nov 11) severely curtailed trading of the ringgit after overnight rates against the US dollar jumped by close to 5 per cent.

Local banks are only allowed to offer dollars at Thursday's cheaper range and for specific corporate payments only.

The shock move has left traders in a lurch, and sparked fears that the ringgit - already battered in the past two years - would face huge selldown when the controls are lifted.

It is understood that no information was given as to whether the currency controls would be lifted ahead of the weekend.

http://www.straitstimes.com/asia/se-asia/m...overnight-rates

the M'sians are putting into SG / US instruments...

the S'reans are puttinging into US instruments...

Basic investing.. always invest into countries that Currency is higher.. .right?

Is Singapore's economy headed for a technical recession?
http://www.cnbc.com/2016/11/23/is-singapor...-recession.html

UPDATE 2-Singapore Q3 GDP contraction, weak exports reinforce recession risk
http://www.reuters.com/article/singapore-e...p-idUSL4N1DJ2JZ

While oil prices have jumped 17 percent since Trump was elected, they are about half what they were in 2014. Resource prices as a whole are down 64 percent from their peak before the 2008 global financial crisis, the Bloomberg Commodity Index shows. Singapore, whose economy relies on shipping and oil service firms, was exposed first because the companies were smaller and less able to tap government support.

“Singapore is a bellwether for the larger Asean and Asian region,” said Andy Ferris, Singapore-based partner at Hogan Lovells Lee & Lee. “Some of the fundamental problems those industries face won’t go away. Many of the companies in the commodities sector have high levels of debt and depressed revenues.”

Five companies in the city, including oil services firms Swiber Holdings Ltd. and Swissco Holdings Ltd., defaulted on nearly S$1 billion ($691 million) of bonds in 2016. KPMG said defaults could widen to include Singapore’s developers after home prices dropped by the most in more than seven years in the three months ended Sept. 30. China’s overheated housing market cooled in November as authorities rolled out renewed buying curbs.
Payments Due

Real estate firms in the Asia-Pacific region face $8.7 billion of dollar bonds due 2017, while energy-related companies including coal miners and oil services firms must repay $12 billion, Bloomberg-compiled data show.
https://www.bloomberg.com/news/articles/201...istress-in-2017

latest requirement as of 5 dec 16  is INCOME TAX number and proof of INCOME TAX....

so pleased i sold sabana above $1 !!!!!
i sold due to declining DPU and also that several master leases were expiring and the manager has not managed to mitigate that.
We can see the impact of a lousy manager now.

looks like the manager is screwing shareholders to enrich themselves!

BUT BUT Msian brokers wanna charge me 0.1% local plus 0.6% foreign brokerage.
Compare that with my SG broker at 0.3 to 0.4%............. 

Jut did a Rm100k transaction last night on NYSE.......that's Rm700 brokerage...... 

The Falling Ringgit
(Rate as on Feb 27)
2017: S$1 = RM3.16
1965: S$1 = RM1
(Same currency into 1965)

Sad,........ better not earn the RM anymore, try to earn other currencies. If still needing to earn the RM,.. make sure to earn lots and lots of it,... with ANY WAY possible,... songlap, swindle, 'donation', etc,... 

OPEC now an inventory manager rather than price setter, says Goldman

An increase in new production projects and a shale boom could add one million barrels per day to oil output by in the coming years, creating an oversupply situation and a big problem for efforts by major oil producing nations to support prices, according to Goldman Sachs analysts.

The analysts expect 2017 to 2019 to be years that would see record production capability coming on stream. As a result, the Organization of the Petroleum Exporting Countries must now weigh the relative benefit of stability by extending production cuts versus the risk of long-term market share loss, they wrote in a note.
http://www.cnbc.com/2017/03/21/opec-now-an...ys-goldman.html

If just one and only dividend stock, then I pick HPH USD. Can wait for it to come down to around 0.40. Dividend coming in July

Anyone noticed that now 1 SGD = MYR3. 05. It was below 3 a month ago.