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stander

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  1. SINGAPORE: For the third quarter of 2016, Singapore’s economy expanded by 0.6 per cent compared to the same period a year ago, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday (Oct 14).

    That is much lower than a forecast of 1.7 per cent by private sector economists surveyed by the Monetary Authority of Singapore (MAS) last month, and marks a decrease from the previous quarter’s 2 per cent growth.

    On a quarter-on-quarter, seasonally adjusted annualised basis, the economy shrank 4.1 per cent during the July to September period, a stark reversal from the already-anaemic 0.2 per cent expansion in the previous three months.

    http://www.channelnewsasia.com/news/singapore/singapore-s-economic-growth-slows-sharply-to-0-6-in-q3/3203444.html?cid=twtcna

  2.  Maritime and Port Authority of Singapore (MPA) introduced several new initiatives at SIBCON as part of Singapore’s continued efforts to enhance bunkering processes and prepare the bunkering industry to meet future demands. 

     

    MPA previously announced the mandatory adoption of MFM for Marine Fuel Oil (MFO) deliveries in the Port of Singapore from 1 January 2017. MPA is on track for implementation with 110 bunker tankers already approved to perform MFO deliveries through MFM in the Port of Singapore. 

     

    More than 23 bunker tankers have also been scheduled for installation and testing over the next two months. Moving ahead, MPA will put in an additional S$0.5 million to fund the test-bedding of the use of MFM for Distillates deliveries. Trials have commenced and an update will be provided in the first quarter of 2017.

    http://www.marinelink.com/news/singapore-bunkering416421

  3. SINGAPORE (Oct 4): Dreaming of a nice pay rise at the end of the year? Think again.

    Salaries across Asia Pacific are projected to rise 5.9% in 2017 amid slowing economic growth, down from a projected 6.4% in 2016, according to Willis Towers Watson.

    This marks the third year in a row that salary increase budgets have declined.

    http://www.theedgemarkets.com/my/article/salaries-across-asia-pacific-likely-see-slower-growth-2017#.V_NmuvoU0XI.twitter

  4. Philippine President Rodrigo Duterte plunged one of the United States' most important Asian alliances deeper into uncertainty on Wednesday by declaring upcoming U.S.-Philippines military exercises "the last," and ruling out any joint navy patrols.

    The firebrand Duterte pledged to honor a longstanding security treaty with the United States, but said China opposed joint marine drills in the Philippines starting next week and there would be no more war games with Washington after that.

    "I am serving notice now to the Americans, this will be the last military exercise," Duterte said during a visit to Vietnam. "Jointly, Philippines-U.S.: the last one."

    http://maritime-executive.com/article/duterte-no-more-us-philippine-naval-exercises

  5. The Philippines is the best macro story in Asia, according to Christopher Wood, the controversial equity strategist at CLSA. He said as much at a lunch for reporters last week during CLSA's annual investors' forum.

    Investors are looking for domestically focused economies, given slow global growth. And they are also keen to target countries with heavy government spending. The Philippines ticks both boxes. 

    "The real story in the Philippines is infrastructure," Wood said. Despite the dramatic political grandstanding by new President Rodrigo Duterte, "his economic team is orthodox," Wood added.

    http://realmoney.thestreet.com/articles/09/26/2016/best-macro-story-asia?puc=twitter&cm_ven=TWITTER&utm_source=dlvr.it&utm_medium=twitter

     

  6. Philippine president Rodrigo Duterte will allow Indonesian maritime authorities to enter Philippine waters when chasing pirates.

    “We can make it clear that if the chase begins in Indonesia and continues in international waters, and inside Philippine waters, they can go ahead and blast them off,” the Philippine leader said yesterday.

    Duterte has been in Jakarta meeting his Indonesian counterpart Joko Widodo where the issue of piracy came up – the region has become a global hotspot, largely thanks to Philippine Islamist group, Abu Sayyaf targeting smaller ships in the Sulu and Celebes seas.

    http://splash247.com/blow-feed-sharks-duterte-talks-tough-pirates/

  7.  According to PGI’s Risk Portal, there were at least 81 incidents of piracy or attempted piracy in or around the Singapore and Malacca Straits between April 2015 and April 2016. 

     

    The majority of these incidents have occurred on the western approach to the narrow waterway, indicative of the heightened risk of piracy in surrounding waters. The actual number of incidents is likely higher, given that many are thought to go unreported. 

     

    The high-level of piracy in surrounding waters presents security considerations for travel to and from Singapore’s port.

    http://www.marinelink.com/news/singapore-malacca-straits414129.aspx

  8. BOTEN, Laos — For five years, this remote town on the China-Laos border has lived in the shadow of more prosperous times.


    On the main street, weeds grow where bustling shops and restaurants once stood. Old nightclub signs blister and peel in the tropical climate. Around town, abandoned multistory hotels loom like decaying sentinels, colonized by armies of jungle insects.


    About a half-dozen years ago, Boten was a casino boomtown, a pinprick of neon amid thickly forested hills. Its gold-rush economy revolved around the Chinese casinos and gambling halls, which drew in thousands of visitors a month from across the border in Yunnan Province.


    http://www.nytimes.com/2016/07/07/world/asia/china-laos-boten-gambling.html?smid=tw-nytimes&smtyp=cur&_r=0


  9. The term 'hub of mystery deaths' was used earlier..look back in the records for the last 10yrs..Hua Hin does not have a good record when it comes to suspicious deaths of UK nationals..

    ...& to me this poor man may find himself on that same list.

    In almost no time at all the MiB seem happy with the cause of death being almost accidental & no foul play..TiT..(in a western country, IMO.. the investigation would have been longer, wider, & more thorough)

    R.I.P. Iain.

    Give us a break!!

    He was drunk and in a fit of rage kicked in a shop window, badly cut himself badly and bled to death!!

    Nothing suspicious about that.

    And for all the conspiracy theorists out there, the shop is a central location and probably plenty of people witnessed what happened!!

    But as usual, don't let facts get in a way of a good Thai bashing thread!!

    This character Usual Suspect is a barkeeper in the town and he likes nothing better than a bit of Thai bashing

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