UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

(07-07-2016, 11:58 PM)opmi Wrote:

(07-07-2016, 10:15 PM)IBibi Wrote: After shipping costs, the Lego item might cost s$140. Vpost likely will add in repacking fees.

Even with the 30% promo code? 

LEGO controlled price very tightly. Never seen more than 20% disc. 

Let me go try first.

Yes. Just my estimation based on my experience. When I bought a lego set from Amazon USA costing US$59, convert to sing becomes S$82. After shipping (but no discount) becomes S$136. Local shop selling the lego set for S$159. My savings are not much and I risk losing the item unless I paid for vcare which cost additional S$10.

Something off-topic but interesting factoid.

Are folks aware that Lego outsource the bulk of its manufacturing to Flextronics in 2006 (after several years of big losses)? 

Fortunately (depending on a person's perspective), the outsourcing effort was a dismal failure, i.e. Flextronics was not up to mark. Lego folks have important tribal knowledge about their own products that Flextronics did not possess. In the end, there was too much conflict and Lego bought the plants back from Flextronics in 2008. Lego has not looked back since. It's profits rose from DKK 1.4b in 2008 to DKK 9.2b in 2015.

Brexit: Government rejects petition signed by 4.1 million calling for second EU referendum

The Government has rejected a call for a second referendum on European Union membership in a petition that was signed by more than 4.1 million people following the Brexit vote. 
It was the most-signed Government petition since the process was introduced in 2011.
However in an official reply, the Foreign Office said 33 million people had had their say and “the decision must be respected”.

http://www.independent.co.uk/news/uk/pol...28306.html

Andrea Leadsom has withdrawn and Theresa May looks set to be next Prime Minister of UK ( or whats left if Scotland and N Ireland want to remain in EU. )

Talents are starting to look for ways to quit British, after the Brexit...

Once unthinkable, more British jews seek German citizenship

LONDON — Until Britain voted to leave the European Union, Philip Levine never thought deeply about his Jewish heritage.

But looking for a way to ensure that he could still work and live in Europe once Britain leaves the bloc, Mr Levine, 35, who was born in Britain and lives in London, decided to do what some Jews, including his relatives, might consider unthinkable: Apply for German citizenship.

He did so by employing a provision of German law that has been on the books since 1949 but that has been little used in recent years. It allows anyone whom the Nazis stripped of their German citizenship “on political, racial or religious grounds” from Jan 30, 1933, to May 8, 1945, and their descendants, to have their citizenship restored. Most of those who lost their citizenship during that period were Jews though they also included other minorities and political opponents.
...
http://www.todayonline.com/world/once-un...itizenship

Options are explored by financial firms, ahead of Brexit procedure...

Swiss bourse looks for alternative EU gateway as Brexit looms
13 Sep 2016 00:25
[LONDON] Switzerland's stock exchange is in talks with financial regulators in a number of European countries about opening a new gateway to the EU's single market once Britain leaves the bloc, it said on Monday.

The talks highlight how the City of London's role as the region's leading financial hub is likely to be eroded to some extent as companies seek alternative centres to guarantee access to the European Union come what may.

Like many foreign financial firms in London, the SIX Swiss Exchange uses the British capital as a base for business across the European Union, given that Switzerland is not a member of the 28-nation bloc.
...
REUTERS

Source: Business Times Breaking News

An very interesting findings from the survey. Most CEOs are thinking the prospect of their companies, and British economy are good, but still consider to move. It is an normal reaction, in the face of high uncertainties i.e. play safe...

One day, the contingency plannings will be executed due to fear, either due or undue, if uncertainties sustain for too long...

Majority of UK CEOs considering moving operations abroad post-Brexit: survey

LONDON - Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

The KPMG survey of 100 UK chief executives, from companies with revenues between 100 million pounds and 1 billion pounds ($130 million-$1.30 billion), found 86 percent were confident about their company's growth prospects and 69 percent were confident about the British economy's growth prospects over the next three years.

However, 76 percent said they were considering moving either their headquarters or their operations outside Britain because of the June 23 "Brexit" vote.

"CEOs are reacting to the prevailing uncertainty with contingency planning," said Simon Collins, KPMG UK chairman.
...
http://www.todayonline.com/business/majo...xit-survey

(26-09-2016, 09:17 AM)CityFarmer Wrote: An very interesting findings from the survey. Most CEOs are thinking the prospect of their companies, and British economy are good, but still consider to move. It is an normal reaction, in the face of high uncertainties i.e. play safe...

One day, the contingency plannings will be executed due to fear, either due or undue, if uncertainties sustain for too long...

Majority of UK CEOs considering moving operations abroad post-Brexit: survey

LONDON - Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

The KPMG survey of 100 UK chief executives, from companies with revenues between 100 million pounds and 1 billion pounds ($130 million-$1.30 billion), found 86 percent were confident about their company's growth prospects and 69 percent were confident about the British economy's growth prospects over the next three years.

However, 76 percent said they were considering moving either their headquarters or their operations outside Britain because of the June 23 "Brexit" vote.

"CEOs are reacting to the prevailing uncertainty with contingency planning," said Simon Collins, KPMG UK chairman.
...
http://www.todayonline.com/business/majo...xit-survey

it will probably take a while before we see the impact since their central bank intervene liao and they are still trading as part of eu for now. article 50 activation will be critical day

The uncertainty is pushing up anxiety. It might reach a level, that damage done, even British gains the "passport" eventually...

Britain must explain Brexit strategy to limit uncertainty: think tank
29 Sep 2016 07:17
[LONDON] Britain needs to begin explaining its Brexit strategy to avoid prolonged uncertainty for businesses and negotiating partners, a London-based think tank said on Thursday, warning that internal squabbling risked undermining the government's position.

Since taking office in July with a commitment to lead Britain out of the European Union, Prime Minister Theresa May has said little about what kind of deal she wants to strike with European partners on key issues like trade and immigration.

"Silence is not a strategy," said Hannah White, a programme director at the Institute for Government think tank. "The current situation - where we are left to interpret personal musings of individual ministers - is frustrating those looking for an early exit, perplexing those with whom we have to negotiate and unsettling those looking to do business in the UK."

Ms May has said she does not intend to reveal her negotiating stance nor give a running commentary on talks with the EU - which are not due to start officially until Britain triggers the Article 50 legal exit process.

She has said that will not happen until next year.
...
REUTERS

Source: Business Times Breaking News

I think the May lady doesn't really know how to move forward. as usual NATO. Only when bopian invoke article 50 next year then suddenly they will be scrambling to work out some deals.

Now I think there is still much political infighting after Cameron no more.