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Exactly. That is why Singapore is in trouble too. Sands was hoping to cash in on these Chinese gamblers for Singapore just like how they were making boat loads of money in Macau. But Macau has become a hot spot for money laundering by these rich mainlanders so they turned off the tap.

I am happy for him but it is a case of money. He has money so 1 day jail. His nephew has money and has yet to be prosecuted. Money buys you almost anything in Singapore.

Hard to tell the reason, BOA, UBS and RBS have all been badly hit by the financial problems. UBS and RBS, both once strong banks have needed bailouts to prevent bankruptcy. Selling of their Chinese stake might another attempt to raise cash. BTW BOA just reduced their stake from 19% to 16.6%...

Who is Will Hutton? Never heard of him. What are his credentials.

US gov just hired pricewaterhouse to handle accounting for their US$700B bailout fund. Auditing GIC or Temasek is chicken feed

Only for Shangrila Singapore. The property sits quite a few feet from the road and it is even more secluded for the garden wing. On top of that there are few buildings near to it because of its large plot. If you want an idea of a safe building go look at US Embassy. Same concept with...

The police was hopeless. They did not cordon off the area even 48 hours after the event. You have people milling all over the place. Reporters were able to walk up to the front of the hotel. Hotel guests that managed to escape complained that when they got out of the hotels there was no...

Mumbai is to india what NY is to US and Tokyo is to Japan.

Wah looks like Mumbai (the equivalent of London, NY, Shanghai, Tokyo) is under attack by terrorists. Hostages are being held in numerous hotels. I am shocked that such a thing could happen in business district.

Well US Gov not only invested $25B when Citi is at $3.50 a share it also backed $300B in liability. So of course US G stands ahead of the line. But I suspect that GIC will get something back for their money eventually but forget about their 7% return on convertible shares. Put it this...

Dan: Very well put. What do you see in the next 10 years?

Hire the top 10 Chinese chefs to prepare a recipe for these crab. These crabs will become extinct

I have heard figures of US$400B for Singapore SWFs. Buffet is down 50% and he bought Goldman 1 year after GIC/Temasek bought Citibank, UBS, ML, SCB, Barclays. So our losses are a whole lot more. We hold lots of real estate and these are mainly grade A offices buildings in major cities...

With 150K troops in Iraq, unstable royalty propped up by US military might I look at it the other way round - extortion Lets see if they will pay. If they give US the money then it is plain extortion and shows US pulling the chains tied to their necks. But if the say no then you are...

Who are the rest of the black cabinet members?? Bush Jr had Condi Bush Sr had Powell

Maybe kena laid off

Personally, I feel that Singapore's speak Mandarin and not dialect campaign was the wrong idea. By knowing how to speak a particular dialect well one can build even better guanxi in China. I am Teochew and when I go to Thailand, Cambodia and Vietnam, the dialect goes a very long way to...

US is focused on short term gains. That is why we see the huge growth of high tech where companies can go from $0 to $10B in market cap in 5 years. Detroit was under the same pressure. So how do you increase margins - get an pickup truck that sells for $15K, slap on tons of accessories...

Talking about avg cost of salaries from the employer's point of view. Remember this is avg cost so a chambermaid may make take home $1500 but CPF contribution, medical, hiring cost will easily add up. Then avg with the mananger, PRO, croupier, security etc etc etc

10,000 workers x $4K per month avg (after factoring in CPF, transport allowance, expat staff) = $40 million a month in payroll. $5B x 6.5% int = $320M a year just in int payment = $30M a year (no principle payment) Utilities, aircon, maintenance, shows etc etc easily $10M a month So easy $80M...