Should be a small issue (<100 mio). Small company (mkt cap SGD 293 mio which is smaller than Swiber) and very much family owned which is why it is does not prefer to… Continue reading →

I admit I am torn on the gold trade. Since Feb, it has been bouncing between the 1550-1650 range on the news of Soros and Paulson bailing out versus central banks loading up.… Continue reading →

  Economic Data15 Mar 4Q12 Final Unemployment Rate 1.8% (prev 1.8%) Jan Retail Sales YoY -2% vs exp -0.1% Jan Retail Sales ex Auto -4.9% prev -0.4% Jan Retail Sales MoM -1.4% vs… Continue reading →

It is all grey and getting murky grey in the european bank bond world. The Cyprus deal is setting a dramatic precedence for the bank bond market and its the senior debt holders… Continue reading →

PETROS KARADJIAS / THE ASSOCIATED PRESS Cypriots line up to use an ATM machine outside of a Laiki Bank branch in Larnaca, Cyprus, on Saturday 16 March 2013.  But there is no cash… Continue reading →

Rats ! It’s coming up rats everywhere. Happy St Patrick’s Day !! I have been combating a household rat problem this weekend. The cute brown rodent that I have mildly tolerated since CNY… Continue reading →

Illustration 1: S’pore Outstanding Car loans (monthly) 2004 to present …  why the 10% spike in 2012 after years of decline? You lose respect for money once you decide to buy a car… Continue reading →

First big default I am hearing so far. SEOUL, March 13 (Yonhap) — A company involved in South Korea’s largest-ever urban development project failed to pay back debts worth 5.9 billion won (US$5.3… Continue reading →

The Ides of March (Latin: Idus Martii or Idus Martiae) is a day on the Roman calendar that corresponds to March 15. It was marked by several religious observances, and became notorious as the date of the assassination of Julius… Continue reading →

“…U.S. retail sales nudged the Dow Jones Industrial Average to its ninth straight day of gains, its longest winning streak in 16 years…” http://online.wsj.com/article/SB10001424127887324077704578357804146795168.html Abe had managed to chase Japanese money out of… Continue reading →