Singapore Economic News

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(31-10-2016, 03:38 PM)cfa Wrote: http://www.todayonline.com/singapore/sin...t-scramble

Singapore Inc faces S$16.69b debt scramble
Meanwhile, dollar LIBOR has been trending up; even the local banks are giving (slightly) better interest rates in USD than in many other currencies. Distinct signs of tightening while the local economy is not doing well, profits are weak, O & G still in the toilet, property prices falling (if slowly). Not looking good for companies with high debt levels, people with big mortgages, the banks that hold that debt, and suspect that the S$ may be managed down some more, sooner or later.

The wife said 6 months ago that the shopping centres were looking less busy than before, and that a recession was coming; should have listened harder than I did.
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(31-10-2016, 04:45 PM)Dosser Wrote:
(31-10-2016, 03:38 PM)cfa Wrote: http://www.todayonline.com/singapore/sin...t-scramble

Singapore Inc faces S$16.69b debt scramble
Meanwhile, dollar LIBOR has been trending up; even the local banks are giving (slightly) better interest rates in USD than in many other currencies. Distinct signs of tightening while the local economy is not doing well, profits are weak, O & G still in the toilet, property prices falling (if slowly). Not looking good for companies with high debt levels, people with big mortgages, the banks that hold that debt, and suspect that the S$ may be managed down some more, sooner or later.

The wife said 6 months ago that the shopping centres were looking less busy than before, and that a recession was coming; should have listened harder than I did.

lol and DBS just spent big money to acquire what ANZ dun want. Looks like DBS may need another bail out next year if things really get bad.

@Dosser : haha ur wife can do " on the ground " analyst work for u!
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(12-10-2015, 04:25 PM)CityFarmer Wrote: An interesting road-map. I should be still around, when it happens... Big Grin

Autonomous cars in Singapore in 10-15 years?
12 Oct 2015 12:06
By Samuel Ee

SELF-DRIVING vehicles could be running on public roads in Singapore within 10 to 15 years, says the Ministry of Transport (MOT), but not before surmounting issues such as the cost of the technology and public acceptance.

Singapore on Monday unveiled the next stage of autonomous unmanned vehicle development with various trials and partners. Under the roadmap for self-driving vehicles and mobility concepts, four tracks have been identified by the Committee on Autonomous Road Transport in Singapore (Carts) - fixed and scheduled services for mass transport within and between towns; shared services for point-to-point and first- and last-mile travel; freight, with the carriage of goods for long-distance delivery; and utility operations, such as road sweepers.

"Self-driving vehicles can radically transform land transportation in Singapore to address our two key constraints - land and manpower," says Pang Kin Keong, permanent secretary for transport and Carts chairman.
...
Source: Business Times Breaking News

We might see the day where taxi companies deploy fleets of self-driving cabs which can be hailed by a mobile app...
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(31-10-2016, 11:47 PM)Dividend Knight Wrote:
(12-10-2015, 04:25 PM)CityFarmer Wrote: An interesting road-map. I should be still around, when it happens... Big Grin

Autonomous cars in Singapore in 10-15 years?
12 Oct 2015 12:06
By Samuel Ee

SELF-DRIVING vehicles could be running on public roads in Singapore within 10 to 15 years, says the Ministry of Transport (MOT), but not before surmounting issues such as the cost of the technology and public acceptance.

Singapore on Monday unveiled the next stage of autonomous unmanned vehicle development with various trials and partners. Under the roadmap for self-driving vehicles and mobility concepts, four tracks have been identified by the Committee on Autonomous Road Transport in Singapore (Carts) - fixed and scheduled services for mass transport within and between towns; shared services for point-to-point and first- and last-mile travel; freight, with the carriage of goods for long-distance delivery; and utility operations, such as road sweepers.

"Self-driving vehicles can radically transform land transportation in Singapore to address our two key constraints - land and manpower," says Pang Kin Keong, permanent secretary for transport and Carts chairman.
...
Source: Business Times Breaking News

We might see the day where taxi companies deploy fleets of self-driving cabs which can be hailed by a mobile app...

Technology will lead policy and public acceptance.

For example, if a self driving car gets into an accident. Who is liable? How will this damage acceptance (even if you "prove" that self-driving vehicles get into less accidents than drivers will).
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(01-11-2016, 10:19 AM)tanjm Wrote:
(31-10-2016, 11:47 PM)Dividend Knight Wrote:
(12-10-2015, 04:25 PM)CityFarmer Wrote: An interesting road-map. I should be still around, when it happens... Big Grin


Source: Business Times Breaking News

We might see the day where taxi companies deploy fleets of self-driving cabs which can be hailed by a mobile app...

Technology will lead policy and public acceptance.

For example, if a self driving car gets into an accident. Who is liable? How will this damage acceptance (even if you "prove" that self-driving vehicles get into less accidents than drivers will).


It will very likely become that gov will have dedicated lanes for self driving cars and buses so they have less chance for traffic jam and accidents. So if there is accident, very high chance its the human driven cars fault.

Besides most self driving cars/bus will probably have special colors and be mounted with many cameras making them highly visible. So if you crash into one it will very likely be your fault. Otherwise with 360 degrees camera recording on these vehicles, it will be very easy to decide liability.. 

and just like lorry, the automated vehicles are also very likely to have a lower speed limit making it less likely for serious accidents happening.

In the small chance it's the robot cars fault, these public co. Will have more than enough insurance coverage.
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can we accept robots/software logarithms interacting with human interferences (see singapore reckless drivers.com) and put in-charge (driver-seat) of actual human lives?

I know i cannot accept (for now) ... Smile

For transportation, I trust the unmanned trains (eg, North east line to puggol, T1/T2/T3 sky rail) ... cos they have their own RAILS and stations without other human interferences!! Big Grin Big Grin
only risk is kanna "catched" by the train's doors or falling between the gap....

Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
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(01-11-2016, 11:19 AM)brattzz Wrote: can we accept robots/software logarithms interacting with human interferences (see singapore reckless drivers.com) and put in-charge (driver-seat) of actual human lives?

I know i cannot accept (for now) ... Smile

For transportation, I trust the unmanned trains (eg, North east line to puggol, T1/T2/T3 sky rail) ... cos they have their own RAILS and stations without other human interferences!! Big Grin Big Grin
only risk is kanna "catched" by the train's doors or falling between the gap....

Tongue
The problem with machine vision is it is difficult to differentiate a real traffic light from a kid flying a kite that looks like a traffic light. Also a man that dresses up as a road will look like a road to the machine but us humans would know that is not a road.
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Data and Charts for you to ponder.
[Era of Economic Stagnation] To deal with it, Singapore must first face up to its own reality
The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤,用健康換取身外之物。 ^ 人生无常,珍惜当下。 ^ 放弃固执,适时变通。 ^ 前面是绝路,希望在转角。

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Lion City Grand Short Sell
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The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤,用健康換取身外之物。 ^ 人生无常,珍惜当下。 ^ 放弃固执,适时变通。 ^ 前面是绝路,希望在转角。

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dunno why market still so happy continue to go up today...
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Singapore's NODX drop 12% y-o-y in Oct

Nov 17, 20168:33 AM
SINGAPORE'S non-oil domestic exports extended their drop in October, sinking 12 per cent year-on-year after a revised 5 per cent fall in September.
Month-on-month, the NODX declined by a seasonally adjusted 3.7 per cent in October following a 2.2 per cent in rise in the previous month.
Shipments to all top 10 markets fell with the exception of Taiwan, Hong Kong and South Korea. The EU, Japan and Indonesia were the three biggest contributors to NODX's decline in October.
Non-oil re-exports sank 8.9 per cent year-on-year in October, against a 1.2 per cent increase in September.
Both the electronic and non-electronic NODX also continued to drop in October. The electronic NODX slipped 6 per cent, easing from a 6.6 per cent fall in September.
The non-electronic NODX extended a 4.2 per cent decrease in September to a 14.6 per cent plunge in October.
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