REACH 348 - What do think about the recent CDC voucher disbursement? What are your views on the Government’s efforts in providing ongoing support to cushion the price impact for Singaporeans, especially for lower- and middle-income families? How have you been coping with the price and fare increases?
(SK)
13 May 2022 (10am - 7pm)
REACH
[9:47 am, 13/05/2022] +REACH: Dear Contributors,
Welcome back! ๐
⏰ We will be opening the chat from 10am to 7pm today. ⏰
House Rules (short version of our Terms of Use) to keep in mind:
1. Be kind and respectful. We all want to be in a safe space to share our views.
2. Any and all threatening, abusive, vulgar or racially, religiously and ethnically objectionable content is prohibited.
3. Consider the quiet ones among us and give them a chance to comment.
4. No need to repeat your comment or in different forms (including caps) - we heard you loud and clear the first time.
5. Let’s protect each other’s privacy and keep contact details in this group what it should always be - confidential.
Full set of Terms of Use: https://go.gov.sg/reach-whatsapp-terms
We will strive to uphold these rules to ensure this is a safe space for all.
Please be assured that the points made by participants during the chat are aggregated and shared with relevant agencies.
The topic will be posted shortly.
Thank you
Megan ๐
[10:01 am, 13/05/2022] +REACH: ๐ข Topic ๐ข
Many countries are facing rising prices cdue to the impact of the ongoing Russia- Ukraine conflict and continued supply chain disruptions, even countries that are oil and gas exporters are facing higher prices. ComfortDelGro announced in March that it would temporarily increase fares for all its taxis from Apr 4 to cushion the impact of the recent increase in fuel prices and that the move will be reviewed by the end of May and removed if fuel prices ease.
“The CDC vouchers are a small, but I hope, a meaningful gesture of support for all Singaporeans during this time of rising prices," said the Finance Minister. Authorities are monitoring the situation, and we will not hesitate to implement more measures to help households and businesses if the situation worsens, he said.
๐ฌ What do think about the recent CDC voucher disbursement? What are your views on the Government’s efforts in providing ongoing support to cushion the price impact for Singaporeans, especially for lower- and middle-income families? How have you been coping with the price and fare increases?
๐The disbursement was brought forward from the third quarter of the year to mid-May, amid a global rise in prices that has pushed up business and living costs. In addition, two tranches of CDC vouchers worth S$200 each will be given to all Singaporean households in 2023 and 2024. Shoppers will also be able to use the vouchers at major supermarkets.
๐Up to 1.22 million Singaporean households can claim S$100 worth of Community Development Council (CDC) vouchers from Wednesday (May 11) to be used at more than 16,000 participating heartland merchants and hawkers.
๐The latest tranche of CDC vouchers, meant to help households with daily expenses while supporting heartland hawkers and merchants, is part of a S$560 million Household Support Package announced by Finance Minister Lawrence Wong in Budget 2022.
๐๐ผ https://www.channelnewsasia.com/singapore/cdc-vouchers-how-claim-100-dollars-singaporean-households-2677551
๐๐ผ https://www.straitstimes.com/singapore/each-sporean-household-to-get-100-cdc-vouchers-from-today
๐๐ผ https://www.channelnewsasia.com/singapore/s100-cdc-voucher-digital-how-claim-online-singapore-household-2376336
๐๐ผ https://www.channelnewsasia.com/singapore/comfortdelgro-temporarily-raise-fares-all-taxis-amid-fuel-price-increase-2591061
------
[10:15 am, 13/05/2022] +Boon: It’s great and highly appreciated at the individual and family level. Thank you. The hand outs are not sustainable at the national level.
[10:19 am, 13/05/2022] +Boon: Singapore needs thoughtful policies and better plans to address the increasingly high cost of living. What are the goals eg/ reduce unnecessary admin reporting burden on merchants re: the NEA plastic bag proposal, that we should all be striving for?
[10:20 am, 13/05/2022] +Uncle Law: It's a good gesture to help Singaporeans and by spending, it helps the hawkers.
[10:20 am, 13/05/2022] +Uncle Law: Perhaps is good to give based on household number?
[10:20 am, 13/05/2022] +Uncle Law: If household only 1 person vs 5 person
[10:21 am, 13/05/2022] +Caleb: +1
[10:21 am, 13/05/2022] +Caleb: +1
[10:24 am, 13/05/2022] +Boon: The perception is that right now, Singapore is all about increasing costs including taxi fares, and govt is handling out subsidies that people are not finding sufficient. If we believe the inflation and cost of living will persist over the next few years, we need concrete and actionable plans soon to ensure the economy and people can better navigate thru this inflationary period.
[10:26 am, 13/05/2022] +Uncle Law: Perhaps on top of these CDC vouchers, gov can look into giving essential items vouchers for oil, rice, noodle
[11:08 am, 13/05/2022] +Noraini: I got a shock when receive utility bill this month. The increment very ↗️
[11:12 am, 13/05/2022] +65 8899 6124: I'm still very shocked at the rate being paid.. I've seen jobs currently still offering $6.00 an hour.. how to cope??
[11:22 am, 13/05/2022] ☸️ Danny ๅฟ:
The CDC voucher does provide some cushion to the price increase in food.
But other items price increases are also steep.
[11:29 am, 13/05/2022] +JkL: Not only steep but permanently higher and higher.. CDC shoukd adjust accordingly.
[11:30 am, 13/05/2022] +Ken Loh: Very hard to control…
Supply demand, we have to buy within our means.
The money government give eventually tax from us.
More they given more tax will be required to run those scheme
[11:31 am, 13/05/2022] +Ken Loh: CDC voucher not everyone needs it. Maybe there are options to donate back
[11:32 am, 13/05/2022] +Ken Loh: Or opt out so do give those that are more in need or divert back to other services that required those money more
[11:34 am, 13/05/2022] +Ken Loh: Logistic is crazy hard. And more wastage hence not that direction.
[11:36 am, 13/05/2022] +Ken Loh: Done that kind of food drive. Is more for awareness.
Most charity would prefer cash as supply demand always different. And sometime donated expiry soon, which cause a lot of wastage.
If you go to house of those needy, most have excess in rice, can food etc. put till expire.
[11:37 am, 13/05/2022] +Uncle Law: The vouchers to offset at supermarket. Scan qr like CDC vouchers
[11:37 am, 13/05/2022] +BL: Make it easy for higher income families to donate their cdc vouchers?
[11:38 am, 13/05/2022] +Ken Loh: Rough number 20 to 30% rice donation goes to waste.
Specially the scoop ones.. contaminants the rice, end up more cost to throw away.
[11:39 am, 13/05/2022] +Ken Loh: Not just higher income, give people the option to be generous. To opt out, so lesser logistic. Then again now is E voucher should relative easier to handle returns
[0:25 pm, 13/05/2022] +Smiley face: 13 May, 2022
USA (Reuters) - with the rate on a 30-year fixed mortgage jumping from less than 3 per cent last year to more than 5 per cent,...
The US economy is facing its toughest inflation problem since the 1970s and early 1980s, when prices at one point rose at an annual rate of 14.5 per cent and then-Fed chief Paul Volcker used punishing interest rates to twice throw the economy into recession. The unemployment rate climbed above 10 per cent...
"Nothing in the economy works, the economy doesn't work for anybody without price stability,"Mr Powell said.
[0:27 pm, 13/05/2022] +Smiley face: "The Interest Rates Race Of Nations"
- - annoymous
[0:27 pm, 13/05/2022] +Smiley face: https://www.washingtonpost.com/local/obituaries/2019/12/09/c744d596-1468-11e1-9048-1f5352187eed_story.html
[0:29 pm, 13/05/2022] +Smiley face: https://tradingeconomics.com/malaysia/interest-rate
[0:39 pm, 13/05/2022] +Rama: Sgd12.00 per hour
[0:52 pm, 13/05/2022] +Timothy Low: Should salary be pegged to inflation rate? For the past few months prices have increased exponentially and yet our salaries is still stagnant
[1:07 pm, 13/05/2022] +KSFoong: How? Which boss will follow? Everything goes to demand and supply. After a while, things will settle. There will be a time when employers could offer a rate than employees willing to take. Now many people still have many options. They choose not to work and stay waiting for rates lower than their expectation.
[1:57 pm, 13/05/2022] ☸️ Danny ๅฟ:
1. Food prices are permanent, once increase will almost never come down. This will be reflected in the high food prices in food court, hawker centre, coffee shop and f&b retail shops.
2. Energy price are temporary, it fluctuates depending on world crude prices.
But those who sign a contract with the energy company will have to stick to the contract price until the contract ends.
3. Logistics prices are also temporary - as freight prices increases because of global supply disruption.
The moment pandemic disruption clear and the world find ways to work around Ukraine war disruption, logistics price will drop.
5. Global climate change have bring about drought and flood that impact agriculture output and affect prices.
Though climatic conditions fluctuates, but chances that it will become worst.
6. Taking the above scenarios into account - more macro approaches to contain prices may be needed.
7. Also look like CDC voucher to cushion against food price hike - similar to SCC rebate, u-save rebate to cushion against energy price and gst voucher to cushion against gst increase - could be a permanent features.
[1:59 pm, 13/05/2022] +Rama: Worth looking into
[2:05 pm, 13/05/2022] ☸️ Danny ๅฟ:
Macro approaches to tackle the current steep price increases could be:-
1. Keep our currency exchange gradually strong to keep pace with imported inflation, and adjust it down once imported inflation taper down - without impacting export.
2. Keep our interest rate up to tame domestic inflation.
3. Must ramp up our domestic production of food crops with hi-tech, vertical farming like producing eggs, meat substitute, vegetables, hi-tech hi-output rice etc.
4. Best time to go for renewable energy eg. Solar, hydrogen and even fail-safe nuclear to be self sufficient in energy supply without relying on imported oil and gas - as the high fuel prices will make renewable energy more competitive.
5. Find ways to improve the income of each individual and household - to tackle the runaway inflation.
[2:08 pm, 13/05/2022] ☸️ Danny ๅฟ:
"To circumvent Ukraine and bottlenecks, a controversial new trade route emerges: Iran"
https://sg.yahoo.com/news/circumvent-ukraine-bottlenecks-controversial-trade-135253670.html#:~:text=DBS-,To%20circumvent%20Ukraine%20and%20bottlenecks%2C%20a%20controversial%20new%20trade%20route%20emerges%3A%20Iran,-Borzou%20Daragahi
[2:09 pm, 13/05/2022] ☸️ Danny ๅฟ:
New trade route to circumvent Ukraine war supply route disruption.
[2:09 pm, 13/05/2022] ☸️ Danny ๅฟ: https://news.google.com/articles/CBMiXmh0dHBzOi8vd3d3LnRoZWd1YXJkaWFuLmNvbS9lbnZpcm9ubWVudC8yMDIyL21heS8xMC9tZWF0LWFsdGVybmF0aXZlcy1pbmR1c3RyeS10aHJlYXQtbW9ub3BvbHnSAV5odHRwczovL2FtcC50aGVndWFyZGlhbi5jb20vZW52aXJvbm1lbnQvMjAyMi9tYXkvMTAvbWVhdC1hbHRlcm5hdGl2ZXMtaW5kdXN0cnktdGhyZWF0LW1vbm9wb2x5?hl=en-SG&gl=SG&ceid=SG%3Aen
Big meat is gobbling up fake meat companies.
Conglomerates have bought out several smaller companies as the meat substitute market is predicted to grow rapidly.
[2:12 pm, 13/05/2022] ☸️ Danny ๅฟ:
More pervasive meat substitute to tackle global climate - as there are less fertile ground to grow crop for domestic animals.
Meat substitute could be the next wave in meat production in which Singapore have the hi-tech advantage to produce meat for domestic as well as for the export market.
[2:14 pm, 13/05/2022] ☸️ Danny ๅฟ:
"In U-turn, IEA sees world weathering lost Russian oil supply"
https://www.channelnewsasia.com/business/u-turn-iea-sees-world-weathering-lost-russian-oil-supply-2680741#:~:text=In%20U%2Dturn%2C%20IEA%20sees%20world%20weathering%20lost%20Russian%20oil%20supply
[2:17 pm, 13/05/2022] ☸️ Danny ๅฟ:
Opportunity for the world to move away from gas and oil - as the oil and gas prices match or exceed the price for renewable energy.
It is the best time for us and the world to adopt clean renewable energy - that we can self sustain - a free gift from our Sun - solar energy, hydrogen gas produce from our free sea water H2O or sun energy or even fail-safe nuclear energy.
[2:19 pm, 13/05/2022] ☸️ Danny ๅฟ:
Russia slaps sanctions on over 30 EU, US and Singapore energy firms.
Best time for us to switch to renewable energy and not rely on gas or fuel.
https://news.google.com/articles/CBMidmh0dHBzOi8vd3d3LmJ1c2luZXNzdGltZXMuY29tLnNnL2VuZXJneS1jb21tb2RpdGllcy9ydXNzaWEtc2xhcHMtc2FuY3Rpb25zLW9uLW92ZXItMzAtZXUtdXMtYW5kLXNpbmdhcG9yZS1lbmVyZ3ktZmlybXPSAXpodHRwczovL3d3dy5idXNpbmVzc3RpbWVzLmNvbS5zZy9lbmVyZ3ktY29tbW9kaXRpZXMvcnVzc2lhLXNsYXBzLXNhbmN0aW9ucy1vbi1vdmVyLTMwLWV1LXVzLWFuZC1zaW5nYXBvcmUtZW5lcmd5LWZpcm1zP2FtcA?hl=en-SG&gl=SG&ceid=SG%3Aen
[2:20 pm, 13/05/2022] ☸️ Danny ๅฟ:
Soaring gas prices mean it's cheaper to switch from coal, fuel and gas to green power: Report. It could be a blessing for us and a blessing to cure Global Climate. https://www.straitstimes.com/world/soaring-gas-prices-means-its-cheaper-to-switch-from-coal-to-green-power-report
[2:26 pm, 13/05/2022] +Poh Seng Lim: I thought we were getting most of our petroleum and gas from Indonesia, and not Russia? Unless they were doing fire sales due to embargoes, they should not be affecting us , it’s just for show. Instead we should not sell any infrastructure to them.
[2:26 pm, 13/05/2022] ☸️ Danny ๅฟ:
How to keep our reserves and economy strong.
1. We must ramp up trade, attract investment, encourage more overseas travellers - and keep our economy going and ramp up to recover lost ground.
2. Attract more ultra rich family office and good investment into our shores.
3. Shrewd investment that attract good ROI for our Sovereign fund - to accumulate more wealth.
[2:27 pm, 13/05/2022] ☸️ Danny ๅฟ:
Even we get from Indonesia, with sanctions against Russia, other countries will compete with us for the fuel and gas.
[2:28 pm, 13/05/2022] +Smiley face: "Not everything that can be counted counts, and not everything that counts can be counted."
- - Albert Einstein
[2:29 pm, 13/05/2022] ☸️ Danny ๅฟ:
"Li Ka-shing’s family office joins Singapore expansion wave"
https://sg.yahoo.com/finance/news/li-ka-shings-family-office-joins-singapore-expansion-wave-024032364.html#:~:text=DBS-,Li%20Ka%2Dshing%E2%80%99s%20family%20office%20joins%20Singapore%20expansion%20wave,-Fri%2C%2013%20May
[2:30 pm, 13/05/2022] ☸️ Danny ๅฟ: https://news.google.com/articles/CAIiEMX7E7swkjyF36-72Bneod0qGQgEKhAIACoHCAowief2CjCJ2dUCMMuZxwU?uo=CAUiANIBAA&hl=en-SG&gl=SG&ceid=SG%3Aen
Hong Kong retail rental market to sink while Singapore’s swims
thanks to quarantine-free tourist arrivals, end of Covid-19 restrictions.
Analysts predict rents for retail properties in Singapore will rise by 1 to 2 per cent this year, while Hong Kong will see a decline of between 5 and 15 per cent.
The Hong Kong market will not fully recover until the return of tourists, who account for up to 40 per cent of retail sales historically
[2:31 pm, 13/05/2022] +Smiley face: https://www.google.com/amp/s/www.ig.com/sg/news-and-trade-ideas/where-next-for-shell-shares-after-q1-results--220509.amp
[2:32 pm, 13/05/2022] +Smiley face: https://www.bbc.com/news/business-61424715
[2:34 pm, 13/05/2022] +Smiley face: "Not everything that can be counted counts, and not everything that counts can be counted."
- - Albert Einstein
[2:35 pm, 13/05/2022] ☸️ Danny ๅฟ:
When global crude oil and gas prices increases, Indonesia will increase their price - and we will get hit.
[2:36 pm, 13/05/2022] +Joseph: Ban REITS and place restrictions/discourage rent-seeking practices for a start … then rental should start falling and hopefully the cost of food will too
[2:38 pm, 13/05/2022] +Smiley face: 0.25 + 0.50 + (0.50) + (0.50) = 1.75% by Christmas 2022 ๐ต๐ฅ๐
Going into Q2/2023...perhaps another 1% increase? It will become 2.75% closing into 3%
During Paul Volcker times, it went almost 20%!
What's going to happen, these reits?
[2:39 pm, 13/05/2022] ☸️ Danny ๅฟ:
But if we build solar panels - we get from the sun foc.
If we produce hydrogen gas - we get H2O, solar from sea water and sun foc.
If we run our failsafe nuclear reactor - once incepted, nuclear energy are almost infinite.
Then we can control our energy price without letting it rise and rise - oblivious of global fluctuations in oil and gas prices - in which we have no control.
[2:39 pm, 13/05/2022] +Joseph: By 1Q/2Q 2023… most Central Banks will be talking about cutting rates again ๐
[2:40 pm, 13/05/2022] +Smiley face: "The Interest Rates Race Of Nations"
[2:40 pm, 13/05/2022] +Smiley face: Currency strength, interest rates...
[2:43 pm, 13/05/2022] +Ken Loh: Made from plastic and rare metal just another problem… lol
When everyone go do one thing, result price go up
[2:44 pm, 13/05/2022] ☸️ Danny ๅฟ:
And if we produce our hi-tech food crops and meat substitute enmass in our lab and production plants - we are not at the mercy of drought, flood or supply chain disruption.
We have a sustainable food supply for our domestic and export market - whether drought, flood, swine flu, bird flu, and cow disease etc - because hi tech food are not susceptible to the nature call or diseases that infect livestock.
[2:44 pm, 13/05/2022] +Ken Loh: Solar panels don’t last forever, and solar panels always need batteries for non sun times…
Batteries are toxic specially larges ones.
[2:46 pm, 13/05/2022] ☸️ Danny ๅฟ:
Hybrid energy solutions - solar, hydrogen, nuclear and even gas we are currently using.
Never rely on one source.
[2:46 pm, 13/05/2022] +Ken Loh: Not yet reach the time.. that high tech produce cheap food. Is provides a alternative source to reduce dependence. While waiting for the technology to catch up
[2:46 pm, 13/05/2022] +Ken Loh: Nuclear is the only way… but if Singapore build I will leave the country ๐
[2:47 pm, 13/05/2022] +Ken Loh: Hydrogen to date still no economical green source. Most are grey hydrogen. (Oil by product)
[2:48 pm, 13/05/2022] +Ken Loh: https://amp.scmp.com/news/asia/australasia/article/3170341/sun-cables-giant-australian-solar-farm-gets-more-cash-send
Waiting for this lol.. hopefully is viable
[2:53 pm, 13/05/2022] +Smiley face: 12 May, 2022
May 2006 to May 2022
Share Price ("interim Report Card" )
DBS... 130%
OCBC...93%
UOB....101%
MAY... 13.5%
PUB... 281%
HLB... 332%
CIMB...59.7%
Banks performance are like human life stations, winner or loser. From 2006 start point to today (not the end yet), this marathon of economics and financials report card are valuable lessons in Investment and going forward tomorrow's INVESTABLE!
What happened to each result and the spectrum of returning results?
To each competitor, its own strategies, stretches and shortcomings. Importantly, it is the people that are running the race of dollars and senses!
Afterwords:
"knowledge, learn, think, apply...!"
- - annoymous
"human... Either help them to grow or watch them go...?"
- - annoymous
[2:54 pm, 13/05/2022] +Smiley face: Berkshire B Share... 1183%
[2:55 pm, 13/05/2022] +Smiley face: Thr opposite of Inflation is... D......
When will be the beginning of this D day?
[2:57 pm, 13/05/2022] +Smiley face: Deflation is like letting the big balloon off the air but slowly releasing .... Don't use needle, it will burst too!
[3:05 pm, 13/05/2022] +Ken Loh: No dividend then sad one for this… so only can see stock slowly rise
[3:05 pm, 13/05/2022] +BL: Agreed
[3:05 pm, 13/05/2022] +BL: Would really like to see Singapore driving the alternative meat industry.
[3:05 pm, 13/05/2022] +Ken Loh: If my dad buy A shares when I am born lol… can laugh to the bank ๐คฃ
[3:06 pm, 13/05/2022] +Ken Loh: Alternative meats unless plant based. If not all is just a scam ๐
[3:07 pm, 13/05/2022] +Smiley face: Now 6400%...then US$7,000 per piece
[3:07 pm, 13/05/2022] ☸️ Danny ๅฟ:
Is failsafe nuclear reactor safe?
Same question to ask :-
Is gas safe?
Is crude oil safe?
Is hydrogen gas safe?
If they are not store in a safe manner, all these gas will also explode and pose danger.
Follow science and safety measures - then they will be safe.
Similarly, if nuclear fission are done in a failsafe manner according to science and safety measures - then nuclear energy is safe.
[3:07 pm, 13/05/2022] +Ken Loh: Atleast for current tech… if you understand the based ingredients to make it. It is not possible cheaper than meat when key ingredients comes from animals
[3:08 pm, 13/05/2022] +Smiley face: Let talk about real meat...
[3:09 pm, 13/05/2022] +Smiley face: https://youtu.be/NYfIXLkoB68
[3:09 pm, 13/05/2022] +Ken Loh: The next gen, seems safe then again. Need to try to find out the fusion generator is possible or not. If old nuclear, current is quite safe as there is no earth quake. But that’s a security threat if there is terror attack
[3:12 pm, 13/05/2022] +Ken Loh: For profit, if not how meat get cheaper over time not more expensive. Most consumer don’t really care how their meat comes. Just want it cheap and huge.
[3:13 pm, 13/05/2022] +Poh Seng Lim: That’s true, too. The law of supply and demand in a free market economy, except that it is being affected by a major conflict in Europe with significant effects around the world.
[3:14 pm, 13/05/2022] +Ken Loh: Ban export of palm oil is a huge deal for all countries… we yet to feel the full impact ๐
[3:17 pm, 13/05/2022] +Ken Loh: https://youtu.be/8houU1MK0dA
[3:19 pm, 13/05/2022] +Smiley face: https://www.ft.com/video/8ee73080-6e00-4dd3-a72c-5eda436328e1
[3:20 pm, 13/05/2022] +Smiley face: Hope this video will give many answers into tomorrow global affairs from oil, goods to policies?
[3:45 pm, 13/05/2022] +Smiley face: https://www.nytimes.com/1992/03/08/world/us-strategy-plan-calls-for-insuring-no-rivals-develop.html
[3:47 pm, 13/05/2022] +Smiley face: https://www.ussc.edu.au/analysis/the-spectre-of-wolfowitz
[3:52 pm, 13/05/2022] +Smiley face: https://en.wikipedia.org/wiki/Paul_Wolfowitz
[4:30 pm, 13/05/2022] +Smiley face: A good proposition of Energy independent and so on, however...
Have to ask our neighbor up north and the other down south?
[4:33 pm, 13/05/2022] ☸️ Danny ๅฟ:
Who's to blame for Indonesia's palm oil export ban?
Indonesia's palm oil export ban isn't about domestic shortages, but more about the government's stand-off with industry over pricing, says a political analyst."
https://www.channelnewsasia.com/commentary/indonesia-ban-palm-oil-exports-jokowi-price-cooking-oil-supply-2680576#:~:text=Who%27s%20to%20blame,a%20political%20analyst.
[4:36 pm, 13/05/2022] ☸️ Danny ๅฟ:
Visual Guide to the Science Behind Cultured Meat.
https://www.visualcapitalist.com/a-visual-guide-to-the-science-behind-cultured-meat/
[4:40 pm, 13/05/2022] +REACH: Those eligible can start booking appointments for first recommended non-mRNA vaccine Nuvaxovid
More: https://str.sg/wBTn
[4:48 pm, 13/05/2022] +Rama: ๐ฏ๐ฒ๐ ๐๐คฃ
[4:52 pm, 13/05/2022] ☸️ Danny ๅฟ:
First Ever Made-in-Singapore Rice Hits The Shelves.
Developed by Singapore researcher, Temasek Rice is crossbred from over 6 different types of rice to withstand floods and droughts.
https://guide.michelin.com/sg/en/article/dining-in/first-ever-made-in-singapore-rice-hits-the-shelves
[5:09 pm, 13/05/2022] ☸️ Danny ๅฟ:
"Singapore welcomes proposed Indo-Pacific Economic Framework with US: PM Lee"
https://www.channelnewsasia.com/singapore/asean-united-states-singapore-summit-lee-hsien-loong-biden-proposed-indo-pacific-economic-framework-2682336#:~:text=Singapore%20welcomes%20proposed%20Indo%2DPacific%20Economic%20Framework%20with%20US%3A%20PM%20Lee
[5:10 pm, 13/05/2022] ☸️ Danny ๅฟ:
Such economic framework must produce tangible economic benefits and $$$$$ - then will help boost our economic growth and help us to accumulate wealth.
[5:11 pm, 13/05/2022] +Rama: Halal!?
[5:12 pm, 13/05/2022] ☸️ Danny ๅฟ:
Supposedly so like any other rice.
[5:13 pm, 13/05/2022] +Rama: Let's go local!
[5:16 pm, 13/05/2022] ☸️ Danny ๅฟ:
Can only support up to 30% local rice consumption.
1 hectares land produce 6 tons - unless can go vertical and stack.
If 20 floor buildings means 120 tons of rice in 1 hectares of land.
But Singapore annual consumption is 347,000 metric tons.
So we still need to import rice.
[5:19 pm, 13/05/2022] +Smiley face: https://www.asiaresearchnews.com/content/father-hybrid-rice
[5:20 pm, 13/05/2022] +Rama: Source for useฤ high rise building in Singapore!?
[5:20 pm, 13/05/2022] +Smiley face: https://www.irri.org/hybrid-rice
[5:32 pm, 13/05/2022] ☸️ Danny ๅฟ:
"North Korea reports first COVID-19 death as fever spreads 'explosively'".
Major covid outbreak in NKorea with no one undergo vaccination.
https://www.channelnewsasia.com/asia/north-korea-reports-first-covid-19-death-350000-fever-2682226#:~:text=North%20Korea%20reports%20first%20COVID%2D19%20death%20as%20fever%20spreads%20%27explosively%27
[5:32 pm, 13/05/2022] +Smiley face: Old Hands...
https://vietnam.vnanet.vn/english/infographics.vn
[5:39 pm, 13/05/2022] +Smiley face: That Ethanol, Octane and Oil...
https://www.intechopen.com/chapters/77255
[5:41 pm, 13/05/2022] +Smiley face: That 20-80 mixed... Octane!
https://www.spglobal.com/commodityinsights/en/market-insights/blogs/agriculture/090221-india-ethanol-blending-e20-biofuels-sugar-corn
[5:51 pm, 13/05/2022] +Rama: China style lockdown and vaccine only
[5:51 pm, 13/05/2022] ☸️ Danny ๅฟ:
Maskless military parade - become a massive superspreader event in NKorea.
When pandemic is not over, maskless is suicidal.
[5:51 pm, 13/05/2022] +Rama: Idiots
[5:51 pm, 13/05/2022] +Rama: Goblock
[5:53 pm, 13/05/2022] +Smiley face: Questions:
That mega plant, needs mega wheat or it will become a mega white elephant?
Where are all these much needed wheat from?
What's the history of this plant?
That's lead to more questions, how about palm oil, another mega thing?
One sure thing, we will not run out of buns, breads and mee!
https://www.world-grain.com/articles/11620-worlds-largest-mill-gets-even-bigger
[5:58 pm, 13/05/2022] +Rama: Good question!?
[5:59 pm, 13/05/2022] +Smiley face: Hi Mr Rama,
One more thing...
[6:00 pm, 13/05/2022] +Rama: Y
[6:00 pm, 13/05/2022] +Smiley face: It all happened in the 60s,... the rest is history?
https://www.world-grain.com/articles/13450-sri-lanka-flour-miller-sees-no-supply-shortage
[6:01 pm, 13/05/2022] +Rama: No such thing as a sure thing
[6:03 pm, 13/05/2022] +Smiley face: Prima was from Indonesia....
Indomee... as a result of overcapacity of flour
[6:06 pm, 13/05/2022] +Smiley face: 2 smart gentlemen invited a smart businessman.... Then in the 60s...
[6:45 pm, 13/05/2022] +REACH: Dear Contributors,
⏰ We will be closing the chat in 15 minutes ⏰
Thank you very much for being part of our WhatsApp chat and participating actively.
Goodnight!
Megan
[6:56 pm, 13/05/2022] +Smiley face: "You are going to run into all sorts of problem in life... The magic in solving problems or obstacles is to adopt the right attitude to face and solve it... Sufferings and Difficulties in life are part of humans lifetime... Don't avoid problems, don't run away and don't do what one's wishes and likes at any stations of life or from one to the next... For problems or challenges provide invaluable opportunities to learn and turn miseries into joys or successes!" ๅจๆบๅๆบไผ; ๅจๆบๆๅๆบ
- - annoymous
[6:57 pm, 13/05/2022] +Smiley face: 13 May, 2022
To: Our Distinguished Ministers And All Our Honorable Members
"The Interest Rates Race Of Nations" (้่ๆ)
In motion:
0.25 + 0.50 + (0.50) + (0.50) = 1.75% by Christmas 2022?
Going into Q2/2023...perhaps another 1% increase? It will become 2.75% closing into 3%. During Paul Volcker times, it went almost 20%!
The trillions of dollars questions?
Will the Fed monetary policies of 2.75% or 3.0% save and stabilise goods & services that will have an immediate and simultaneous effects on global economies, going into Q3/Q4-2023? What will unemployment be? Whats the trajectory like into 2030-32?
In Bernanke's era, the Fed, ECB, BOJ all implemented Quantitative Easings policies of cheap money. Can the Fed 'collect back' these monies?
Today, after 15 years or longer of these QEs, perhaps, the world is OVERFLOW with cash or drowning in CASH! How to DEFLATE mountains of assets (+) and debts (-) at a few go?
This becoming a real case of 3% interest rate hikes or the Fed needs to raise up to 8%? What the final end point - this interest rate race from the Fed triggers to all global banks and lives?
A Tribute To Paul Volcker :
https://www.washingtonpost.com/local/obituaries/2019/12/09/c744d596-1468-11e1-9048-1f5352187eed_story.html
- - END - -
[7:00 pm, 13/05/2022] +REACH: Dear Contributors,
We will be closing the chat for today.
Thank you very much for being part of our WhatsApp chat and participating actively.
Goodnight!
Megan
No comments:
Post a Comment