Singapore Government Securities (SGS) - debt instruments in the form of either Treasury bills (T bills) or bonds are finally available to retail investors via atm application from 1st July 2009.
Source: http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_397190.html
Bid for bonds via ATMs
Move allows investors easier access to liquid and safe alternative
By Gabriel Chen
INVESTORS will be able to apply for Singapore Government Securities (SGS) - debt instruments in the form of either Treasury bills (T-bills) or bonds - by using ATM machines from tomorrow.
The securities ride on the strong credit strength of the Singapore Government and have, arguably, not been very accessible to retail investors.
Up to now, retail investors have only had exposure to them through money market funds, primary dealers like the three local banks, or secondary dealers, such as stockbrokers.
With effect from tomorrow, individuals can apply for SGS via all DBS Bank, United Overseas Bank and OCBC Bank ATMs.
With the changes - officially announced by Monetary Authority of Singapore chairman Goh Chok Tong last Friday - investors can head to ATMs to submit bids once an auction announcement has been made on the SGS website (www.sgs.gov.sg).
The bids can be either competitive or non-competitive.
A competitive bid is one where a bidder has to specify the price he is willing to pay for the securities and is allocated securities if his bid is high enough in comparison to others. A non-competitive bid is one where the bidder does not specify a price.
The price is expressed in terms of percentage yield.
Similar to an Initial Public Offering (IPO) application, investors will need a valid individual Central Depository (CDP) account number. Minimal administrative fees will also be charged by CDP.
Investors can sell SGS via the three local banks.
Tuesday, June 30, 2009
Monday, June 29, 2009
Will Writing - part 1
Dear Friends,
If you are interested in getting your will done, you may contact Mr Wilfred LING directly.
*******************************************************
The legal firm will be charging $120 per Will. The adminstration fee is $5. So you pay altogether $125.00.
I'll update you further on the procedures and payment methods later. FYI.
Regards
Wilfred Ling
Chartered Financial Consultant
Associate Director
PromiseLand Independent Pte Ltd
371 Beach Road Keypoint #02-03 Singapore 199597
Tel: +65 62942461
Fax: +65 62941336
Hp: +65 91710940
email: wilfred.ling@promiseland.com.sg
website: http://www.promiseland.com.sg/
Co. Reg. No. 19702346W
If you are interested in getting your will done, you may contact Mr Wilfred LING directly.
*******************************************************
The legal firm will be charging $120 per Will. The adminstration fee is $5. So you pay altogether $125.00.
I'll update you further on the procedures and payment methods later. FYI.
Regards
Wilfred Ling
Chartered Financial Consultant
Associate Director
PromiseLand Independent Pte Ltd
371 Beach Road Keypoint #02-03 Singapore 199597
Tel: +65 62942461
Fax: +65 62941336
Hp: +65 91710940
email: wilfred.ling@promiseland.com.sg
website: http://www.promiseland.com.sg/
Co. Reg. No. 19702346W
Sunday, June 28, 2009
Singapore H1N1 flu cases exceeded 450 cases
As of 27 June 2009, the H1N1 flu cases reached 454 cases, doubled just within a few days.
Pulau Tekong and Maju Camp are two military units been infected.
Nobody knows for sure where this spreading of virus is heading.
But at this moment, there is no alarm among the locals. They continue to eat, shop, dine and work. The school term will starts promptly on 29 June 2009.
Maybe it is really nothing much to worry about, except the fact that this virus spreads like wildfire.
Pulau Tekong and Maju Camp are two military units been infected.
Nobody knows for sure where this spreading of virus is heading.
But at this moment, there is no alarm among the locals. They continue to eat, shop, dine and work. The school term will starts promptly on 29 June 2009.
Maybe it is really nothing much to worry about, except the fact that this virus spreads like wildfire.
Friday, June 26, 2009
Two Icons LOST within a Day
Both Michael Jackson and Farrah Fawcett passed away on the same day. Michael left due to a heart attack. Farrah left after battling with cancer since 2006.
The whole world is coming to terms with this piece of sad news and at the same time, battling with the hike of H1N1 flu cases.
Life is such fragile and unpredicatable.
The whole world is coming to terms with this piece of sad news and at the same time, battling with the hike of H1N1 flu cases.
Life is such fragile and unpredicatable.
Wednesday, June 24, 2009
Singapore getting close to 200 H1N1 flu cases
On 18 June 2009, Singapore reported 77 H1N1 flu cases. As of 23 June 2009, barely a week later, the number of such cases is 194. It is likely to cross the 200 mark very, very soon.
What does this mean? Our precautionary measures are insufficient to stop the spreading of this new virus? This virus simply spreads like wild-fire? Or medical professionals simply hands-tight and can't do much to slow the spreading?
The June break will be over. All students will return to their schools on 29 June 2009. Going overseas is a common trend for the locals. Many have gone overseas to the neighbouring countries which many have become H1N1 affected countries.
The danger of this H1N1 virus is one can become infectious even without any symptoms. So anybody next to you, not coughing or sneezing, looking well, may already be infected with H1N1 virus and may be spreading this virus around.
What can we do now?
What does this mean? Our precautionary measures are insufficient to stop the spreading of this new virus? This virus simply spreads like wild-fire? Or medical professionals simply hands-tight and can't do much to slow the spreading?
The June break will be over. All students will return to their schools on 29 June 2009. Going overseas is a common trend for the locals. Many have gone overseas to the neighbouring countries which many have become H1N1 affected countries.
The danger of this H1N1 virus is one can become infectious even without any symptoms. So anybody next to you, not coughing or sneezing, looking well, may already be infected with H1N1 virus and may be spreading this virus around.
What can we do now?
Saturday, June 20, 2009
Severe haze may hit S'pore
El Nino set to return this year, bringing hotter and drier weather By Amresh Gunasingham
SMOKE haze from Indonesia could make an unwanted comeback this year as an El Nino weather phenomenon develops, bringing hotter and drier weather, Minister for the Environment & Water Resources Yaacob Ibrahim said yesterday.
Though slight now, the haze could worsen in the coming months, and peak in September, deep into the dry season.
Yesterday, 32 hot spots were detected in Sumatra, and 50 in Borneo. Meteorologists are watching as an early-stage El Nino develops over the Pacific Ocean.
In fact, all it would take now for haze to blow by is for the wind to change, said experts. It has already blanketed parts of neighbouring Malaysia.
The pollution standards index (PSI) peaked at an unhealthy 136 in areas such as Port Klang, Shah Alam and Cheras last week, as visibility and air quality deteriorated rapidly.
In Singapore the PSI is in the good range for now. But similar hot and dry weather in 1997 and 2006 fuelled fires in Indonesia, and south-westerly winds sent the smoke onwards.
The haze lasted three months in 1997, with the PSI reaching an all time high of 226 in September. People stayed indoors, health-care costs soared and tourism was disrupted.
According to a World Wide Fund for Nature (WWF) report published in 1998, Singapore, Indonesia and Malaysia suffered losses of more than $2.1 billion in the toll to their economies.
A bad haze year would also have a worrying impact on the prize event in the tourism calendar, the F1 Grand Prix race held in September, the minister said yesterday.
Singapore will continue to work with Indonesia by providing it with the latest up-to-date information of where hot spots are, so that it can do its part, said Dr Yaacob.
Singapore has committed $1 million to help the provincial government implement various programmes designed to prevent or mitigate the incidence of fires.
(source: www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_392923.html )
My comments:
The global economy is yet to see signs of recovery.
The A(H1N1) flu cases continue to rise.
And now, the air quality is going to worsen in the coming days which means tourism, more people seeking medical treatment etc are expected.
SMOKE haze from Indonesia could make an unwanted comeback this year as an El Nino weather phenomenon develops, bringing hotter and drier weather, Minister for the Environment & Water Resources Yaacob Ibrahim said yesterday.
Though slight now, the haze could worsen in the coming months, and peak in September, deep into the dry season.
Yesterday, 32 hot spots were detected in Sumatra, and 50 in Borneo. Meteorologists are watching as an early-stage El Nino develops over the Pacific Ocean.
In fact, all it would take now for haze to blow by is for the wind to change, said experts. It has already blanketed parts of neighbouring Malaysia.
The pollution standards index (PSI) peaked at an unhealthy 136 in areas such as Port Klang, Shah Alam and Cheras last week, as visibility and air quality deteriorated rapidly.
In Singapore the PSI is in the good range for now. But similar hot and dry weather in 1997 and 2006 fuelled fires in Indonesia, and south-westerly winds sent the smoke onwards.
The haze lasted three months in 1997, with the PSI reaching an all time high of 226 in September. People stayed indoors, health-care costs soared and tourism was disrupted.
According to a World Wide Fund for Nature (WWF) report published in 1998, Singapore, Indonesia and Malaysia suffered losses of more than $2.1 billion in the toll to their economies.
A bad haze year would also have a worrying impact on the prize event in the tourism calendar, the F1 Grand Prix race held in September, the minister said yesterday.
Singapore will continue to work with Indonesia by providing it with the latest up-to-date information of where hot spots are, so that it can do its part, said Dr Yaacob.
Singapore has committed $1 million to help the provincial government implement various programmes designed to prevent or mitigate the incidence of fires.
(source: www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_392923.html )
My comments:
The global economy is yet to see signs of recovery.
The A(H1N1) flu cases continue to rise.
And now, the air quality is going to worsen in the coming days which means tourism, more people seeking medical treatment etc are expected.
Friday, June 19, 2009
Singapore confirmed 77 flu cases
As of 18 June 2009, Singapore has confirmed 77 H1N1 flu cases.
(source :www.crisis.gov.sg/NR/rdonlyres/D4985A06-E928-4B4E-9A0B-938EDBC88860/24472/H1N1PR18June.pdf )
To say that this is no issue at all is deceiving. The June school break will be over quite soon. All students will be back to school with many have travelled overseas for their holidays. This fasten the spread of the virus.
It seems that some flu victims developed symptoms a few days later after returning from overseas. During that well period, they resumed their daily activities which include working, shopping, eating out, meeting friends and other family members etc. When the symptoms appear, we do not know how many people have come into contact and thus contact tracing becomes very difficult.
There is simply no sign for this virus to be contained and controlled. With the winter season approaching in the southern hemisphere, scientists have mentioned that this virus likely to mutate and become even more potentially dangerous.
What sort of world are we living now?
(source :www.crisis.gov.sg/NR/rdonlyres/D4985A06-E928-4B4E-9A0B-938EDBC88860/24472/H1N1PR18June.pdf )
To say that this is no issue at all is deceiving. The June school break will be over quite soon. All students will be back to school with many have travelled overseas for their holidays. This fasten the spread of the virus.
It seems that some flu victims developed symptoms a few days later after returning from overseas. During that well period, they resumed their daily activities which include working, shopping, eating out, meeting friends and other family members etc. When the symptoms appear, we do not know how many people have come into contact and thus contact tracing becomes very difficult.
There is simply no sign for this virus to be contained and controlled. With the winter season approaching in the southern hemisphere, scientists have mentioned that this virus likely to mutate and become even more potentially dangerous.
What sort of world are we living now?
Wednesday, June 10, 2009
Happy Birthday
This day finally arrived!
J called at midnight to wish her Happy Birthday as he is now in Hamburg. He called again at 6am to wish her again. Isa was very happy.
We will be going to Swensens for an ice-cream which is Isa's favourite. Though the food there is pricey, but since today is a special day, I do not have much choices.
Happy Birthday to you, Isa !
J called at midnight to wish her Happy Birthday as he is now in Hamburg. He called again at 6am to wish her again. Isa was very happy.
We will be going to Swensens for an ice-cream which is Isa's favourite. Though the food there is pricey, but since today is a special day, I do not have much choices.
Happy Birthday to you, Isa !
Saturday, June 06, 2009
Thomas and his Friends
A simple Thomas and his Friends cake to be shared with daddy and mummy. Yummy!
Friday, June 05, 2009
SIA cabin crew gets H1N1
A 22-YEAR-OLD flight attendant with the Singapore Airlines has become the first cabin crew to come down with the Influenza A (H1N1) virus here.
She was on the same flight as three other confirmed cases in Singapore who flew here from New York via Frankfurt earlier this week on SQ25.
Two other foreign passengers who were on the same flight but left for Kuala Lumpur on Wednesday, have also been diagnosed with the virus in Malaysia.
The stewardess was on the SQ25 flight from New York to Frankfurt which brought in three cases here on Monday - a 30-year-old Australian man, a 33-year-old Singaporean woman, and a 18-year-old American youth.
The stewardess stayed on in Frankfurt for a day and returned to Singapore on Tuesday morning. She took a taxi home. The next day, she developed symptoms but saw a general practitioner only a day later. She was brought to the Communicable Disease Centre and tests confirmed she had the virus.
The SIA stewardess, who had been in New York since May 24, was one of two new cases in Singapore on Friday.
The other was a Singaporean man who developed flu symptoms in the early hours of Wednesday while still in Melbourne. He had been there since May 27.
When the 23-year-old flew back to Singapore on Thursday afternoon on SIA flight SQ238, he was picked up by the thermal scanners at the airport with a fever and was sent to the hospital.
He is the second person here to have picked up the flu after returning from Melbourne, which was recently added by the Health Ministry (MOH) to the list of cities to avoid travelling to if the trip is not essential.
He was seated in row 40. Passengers seated between rows 38 and 42 should contact the MOH at 1800-333-9999. The ministry is also advising anyone who was on flight SQ25 to monitor their health closely until next Monday.
An SIA spokesman said the infected stewardess had been taken off its roster after returning to Singapore. All other crew members who were on the same flight have been grounded for seven days.
For other flights carrying passengers with the virus, crew members serving in the same area as the patients were also grounded.
(source: www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_386510.html )
My comments:
Singapore reported its first H1N1 flu case on 27 May 2009. Today is 5 Jun 2009 which is 9 days later and the number of cases has risen to 14. Note that quite a few cases were those who have taken the flight from New York via Frankfrut.
She was on the same flight as three other confirmed cases in Singapore who flew here from New York via Frankfurt earlier this week on SQ25.
Two other foreign passengers who were on the same flight but left for Kuala Lumpur on Wednesday, have also been diagnosed with the virus in Malaysia.
The stewardess was on the SQ25 flight from New York to Frankfurt which brought in three cases here on Monday - a 30-year-old Australian man, a 33-year-old Singaporean woman, and a 18-year-old American youth.
The stewardess stayed on in Frankfurt for a day and returned to Singapore on Tuesday morning. She took a taxi home. The next day, she developed symptoms but saw a general practitioner only a day later. She was brought to the Communicable Disease Centre and tests confirmed she had the virus.
The SIA stewardess, who had been in New York since May 24, was one of two new cases in Singapore on Friday.
The other was a Singaporean man who developed flu symptoms in the early hours of Wednesday while still in Melbourne. He had been there since May 27.
When the 23-year-old flew back to Singapore on Thursday afternoon on SIA flight SQ238, he was picked up by the thermal scanners at the airport with a fever and was sent to the hospital.
He is the second person here to have picked up the flu after returning from Melbourne, which was recently added by the Health Ministry (MOH) to the list of cities to avoid travelling to if the trip is not essential.
He was seated in row 40. Passengers seated between rows 38 and 42 should contact the MOH at 1800-333-9999. The ministry is also advising anyone who was on flight SQ25 to monitor their health closely until next Monday.
An SIA spokesman said the infected stewardess had been taken off its roster after returning to Singapore. All other crew members who were on the same flight have been grounded for seven days.
For other flights carrying passengers with the virus, crew members serving in the same area as the patients were also grounded.
(source: www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_386510.html )
My comments:
Singapore reported its first H1N1 flu case on 27 May 2009. Today is 5 Jun 2009 which is 9 days later and the number of cases has risen to 14. Note that quite a few cases were those who have taken the flight from New York via Frankfrut.
Wednesday, June 03, 2009
Predawn Wet Weather
Around 4am, I was awoken by the strong winds and then the heavy showers and thunderstorms. I am a light sleeper and any noise is enough to wake me up.
If it rains in the predawn and early morning, the traffic on the road will become unusually heavy. I will have a tough time to reach my office on time and dry.
My office is located in a rather remote corner of a restricted place. If I drive, I have no problems with wet or dry weather. If I don't, I will cycle for about 15 min to reach my office.
Imagine cycling in the rain!
This morning wet weather always gives me stress. But can I do anything about it? If I can't, I better learn to accept it calmly.
If it rains in the predawn and early morning, the traffic on the road will become unusually heavy. I will have a tough time to reach my office on time and dry.
My office is located in a rather remote corner of a restricted place. If I drive, I have no problems with wet or dry weather. If I don't, I will cycle for about 15 min to reach my office.
Imagine cycling in the rain!
This morning wet weather always gives me stress. But can I do anything about it? If I can't, I better learn to accept it calmly.
Monday, June 01, 2009
Effort vs Reward
On Saturday, I took a cab from Singapore Expo to home as I bought quite a lot of goodies. Since the journey was quite long, I had a chat with the cabby driver. He said something which surprised me. He said that his effort was tangible with rewards (ie his pay) when I asked how his business was like recently due to the economic downturn and H1N1 flu virus. He works harder by driving longer hours. He takes more money home.
What a simple linear relationship between effort and reward!
Is your world having this linear equation too?
I can think of many cases where this linear relationship does not hold.
A man loves a woman but she does not love him. By loving her more, do you think the woman would change and love him?
A student studies day and night. Does this guarantee that he or she will perform well in exam and get good grades? Apparently this is not.
A person who looks after himself well, paid attention to his health and diet. Does this ensure he will not get any illness?
What a simple linear relationship between effort and reward!
Is your world having this linear equation too?
I can think of many cases where this linear relationship does not hold.
A man loves a woman but she does not love him. By loving her more, do you think the woman would change and love him?
A student studies day and night. Does this guarantee that he or she will perform well in exam and get good grades? Apparently this is not.
A person who looks after himself well, paid attention to his health and diet. Does this ensure he will not get any illness?
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