Jamesc Hypersonic February 11, 2016 Share February 11, 2016 We are indeed living in strange times. Cat B lower than cat A. ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic February 11, 2016 Share February 11, 2016 Haven't drop to the level last seen in 2008/9... meaning still have some way to go, down... And this time looks scary .... 1 Link to post Share on other sites More sharing options...
Showster Twincharged February 11, 2016 Share February 11, 2016 Today news report the new car dealer rubbing hands in glee due to increased COE quota. He sure looks happy, as well as many of us looking to buy over next two years. Haven't drop to the level last seen in 2008/9... meaning still have some way to go, down...And this time looks scary .... 1 Link to post Share on other sites More sharing options...
Yeobt Supercharged February 11, 2016 Share February 11, 2016 a sub-con of mine who company is involving in the project in T1 jewel was complaining to me that the architect made changes to the initial design intend and its fixtures and thus the installation methods were also have to match the new design AFTER seeing the mock-up. the mock-up dismantle and throw away. and this costs $1m+ of tax payer's money. Link to post Share on other sites More sharing options...
Scion Turbocharged February 12, 2016 Author Share February 12, 2016 BOJ's negative interest tactic backfires sia Nikkei down almost 10% this week liao, including today 1 Link to post Share on other sites More sharing options...
Blacksnow 4th Gear February 12, 2016 Share February 12, 2016 what is negative interest? I pay the bank if I want to deposit money?? Link to post Share on other sites More sharing options...
Enye Hypersonic February 12, 2016 Share February 12, 2016 buy local bank shares! support local banks! S’pore banks still hiring, bucking global firing trend A customer uses a DBS Group Holdings automated teller machine (ATM), standing between the ATMs of United Overseas Bank and Oversea-Chinese Banking Corp at Changi Airport on July 28, 2011. Photo: Bloomberg mail print View all 0 comments BY RUMI HARDASMALANI [email protected] PUBLISHED: 9:17 PM, FEBRUARY 11, 2016 UPDATED: 12:19 AM, FEBRUARY 12, 2016 SINGAPORE — Good news for employees of Singapore’s three banks: The trio are still hiring to grow and fortify their operations, bucking the trend of their global peers axing jobs under the cloud of global economic uncertainty, China’s slowdown and a persistent slump in commodity prices that have hit many lenders across the world. A DBS spokesperson told TODAY: “In Singapore, some of the areas we have been hiring for include retail banking, wealth management, as well as key support functions such as technology and operations, finance, risk and compliance.” Despite the volatile macro-economic environment, the bank is still hiring as it is “well-positioned to navigate the challenges with solid business fundamentals and resilient franchise,” she said. “As the bank embarks on its digital journey, we have also started to bring in talent who are versed in technology and digital, who bring with them a digital skill set. As part of our workforce planning to meet changing organisational needs, we are hiring more UX (user experience) designers, coders, engineers and data analysts as the bank moves to meet the growing needs of our customers,” she added. Ms Jenny Wong, Head of Group Human Resources at United Overseas Bank (UOB), said: “We take a long-term view on the potential of the region beyond the uncertainties of today. We remain on the look-out for like-minded individuals.” Ms Jacinta Low, Head of Human Resources Planning at Oversea-Chinese Banking Corp (OCBC), said: “We continue to plan our recruitment activities for the different divisions in the bank in line with our identified areas of growth.” More than 20 per cent of the bank’s vacancies every year are filled internally — a move in line with the lender’s future growth strategy led by people management and development, she added. Top recruiting firms said the three local banks stand on strong fundamentals and are not expected to resort to the drastic staff reduction measures taken by many big global lenders. OCBC, DBS and UOB are ranked by financial publisher Bloomberg Markets among the top ten of the strongest banks in the world, underlining the hefty capital buffers and sound risk management of the lenders. “For the local banks, there is no slowing down. Foreign banks are, however, holding back to see how the China impact pans out on Asia. There will an impact on Singapore given its high-cost structure despite being an ideal hub location with best of infrastructure capabilities. Bonuses this year, on an average across the industry, may be a third less than what was promised,” said Mr Grant Torrens, Business Director at Hays in Singapore. Banks are also taking the opportunity during this uncertain time to consolidate their business operations and implement more efficient processes to increase productivity and reduce operating costs. “As a result, salary hikes and bonuses will be slightly impacted depending on the job position and function,” said Mr Foo See Yang, Vice President and Country General Manager of Kelly Services, Singapore. British banking giant Barclays last month announced over 1,000 job cuts globally, with scores of employees from the Singapore office reportedly given the marching orders. Barclays is closing its cash equity research, sales and trading as well as its convertible bond-trading businesses across Asia, according to a memo sent to clients, Bloomberg reported. Earlier this month, Credit Suisse announced 4,000 job cuts globally after the Swiss bank reported its first annual loss since the global financial crisis. Standard Chartered retrenched staff in Singapore late last year as a part of its move to axe 15,000 positions world-wide. The Asia-focused British bank announced nearly 4,000 consumer-banking job cuts with many from Asia, as part of its move to exit global institutional cash equities, equity research and equities capital market businesses. HSBC, Europe’s largest bank, announced last June it would slash 50,000 jobs worldwide — or about one in five positions — through 2017 as part of a global overhaul, albeit without clear signals on how hard the axe will fall on the region and Singapore. Malaysian lender CIMB Group has also announced plans to cut about 50 jobs this year, largely in equities-related positions across Asia, including about 15 positions in Singapore. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 12, 2016 Share February 12, 2016 BOJ's negative interest tactic backfires sia Nikkei down almost 10% this week liao, including today You are absolutely right. The BOJ's negative interest tactic backfires They should have put up interest rates and the Nikkei would have gone up. Toopid BOJ. Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 12, 2016 Share February 12, 2016 what is negative interest? I pay the bank if I want to deposit money?? Opposite to loan sharks. Loan sharks charge you a lot of money to lend you money. This one have to pay a lot of money to deposit money. Borrow have to pay a lot, deposit also have to pay a lot. Heads you lose, tails they win. The banker always wins. 3 Link to post Share on other sites More sharing options...
Victor68 Turbocharged February 12, 2016 Share February 12, 2016 a sub-con of mine who company is involving in the project in T1 jewel was complaining to me that the architect made changes to the initial design intend and its fixtures and thus the installation methods were also have to match the new design AFTER seeing the mock-up. the mock-up dismantle and throw away. and this costs $1m+ of tax payer's money. We should treat every little information with respect when dealing with public funds. Someone need to look into this to verify. While we hope to build new icon, there is no need to throw away public funds this way while money can be spend on more urgent needs. Hope we don't have the issue once brought up by the Speaker for Parliament about the '7 wonders of Singapore'. This is worst than that if it is true. Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 12, 2016 Share February 12, 2016 buy local bank shares! support local banks! Ok if the share price collapse I will buy to support them but now the price a lot too high. 2 Link to post Share on other sites More sharing options...
Enye Hypersonic February 12, 2016 Share February 12, 2016 Ok if the share price collapse I will buy to support them but now the price a lot too high. ok let me know when thanks Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 12, 2016 Share February 12, 2016 (edited) The banker always wins. I wanted to be a merchant banker but I only like lesbian action. This post is only for speakers of Cockney Rhyming Slang. Edited February 12, 2016 by Jamesc Link to post Share on other sites More sharing options...
mersaylee Hypersonic February 12, 2016 Share February 12, 2016 It is not to any local interest to see local banks collapse even in share price term. The trio form a very important pillar to our economy as a whole. Imagine the scale of knock-on effect on other industries... I only choose local banks for cards n time deposit even other foreign banks offer better rates. Loan wise is different cos the savings can be substantial to be missed. On the negative interest charge by Japanese banks...I wonder who n what amount are seeking refuge there that warrant a "parking fee" to deter more deposits...or is it Abe wishes that the locals to spend more to power their sluggish economy out of the doldrums since the 3 arrows seem ineffective... Link to post Share on other sites More sharing options...
A_korusawa 5th Gear February 12, 2016 Share February 12, 2016 (edited) It is not to any local interest to see local banks collapse even in share price term. The trio form a very important pillar to our economy as a whole. Imagine the scale of knock-on effect on other industries... I only choose local banks for cards n time deposit even other foreign banks offer better rates. Loan wise is different cos the savings can be substantial to be missed. On the negative interest charge by Japanese banks...I wonder who n what amount are seeking refuge there that warrant a "parking fee" to deter more deposits...or is it Abe wishes that the locals to spend more to power their sluggish economy out of the doldrums since the 3 arrows seem ineffective... that's bcoz yen has strengthened too much in 2015 w/o solid fundementals gains..... basically 'ballooning' itself against Rmb to global equities & export with internal inflations (probably due to local election/politics) ..... as such, playing with yen now, especially corporate earnings etc. is at very heav risk (macham playing with fire). so, before yen tumblings down (in order to recuperate from the balloon gains), Abe obviously wanna more concrete country economy to power that 'incoming financial tsunami'..... yen is diff from Rmb simply bcoz China has too many countries at stakes to cushion the heavy backlashes, recent, current and future . . . Edited February 12, 2016 by A_korusawa 1 Link to post Share on other sites More sharing options...
Strat 6th Gear February 12, 2016 Share February 12, 2016 Ok if the share price collapse I will buy to support them but now the price a lot too high. can organise MO to buy? 1 Link to post Share on other sites More sharing options...
mersaylee Hypersonic February 12, 2016 Share February 12, 2016 that's bcoz yen has strengthened too much in 2015 w/o solid fundementals gains..... basically 'ballooning' itself against Rmb to global equities & export with internal inflations (probably due to local election/politics) ..... as such, playing with yen now, especially corporate earnings etc. is at very heav risk (macham playing with fire). so, before yen tumblings down (in order to recuperate from the balloon gains), Abe obviously wanna more concrete country economy to power that 'incoming financial tsunami'..... yen is diff from Rmb simply bcoz China has too many countries at stakes to cushion the heavy backlashes, recent, current and future . . . Good to know... Yen is still gaining strength against the dollar tho. Link to post Share on other sites More sharing options...
Enye Hypersonic February 12, 2016 Share February 12, 2016 I exit usd last week and put some $ into gold ↡ Advertisement Link to post Share on other sites More sharing options...
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