Suddenly, Straits Times Index (STI) had back dated to Dec 2003 / Jan 2004! All the years of hard work had been reset to Zero in just weeks. The main STI Index was off 75.07 points to 1746.06, a fall of 4.12% this morning as continued worries that the global economic crunch would hit local corporate earnings.
Deep recession fears slam stocks tumbled to 4 year lows as investors grappled with an increasingly dire outlook for the global economy following a raft of disappointing profits and outlooks from major U.S. companies.
How bad had the credit crisis damaged the global economy? Are we at the pit bottom yet?
At least we have a piece of good news that DBS Bank will pay $70 million to $80 million in compensation to customers in Singapore and Hong Kong who bought its Lehman Brothers-related structured products, now almost worthless because they were linked to the collapsed investment bank. Some investors stand to get all their money back, while others may only get a partial payment. Hong Leong Finance has also followed.
MoMo Events
• 16/1 - End of ICT
• 18/1 - Start of IPT
• 21/1 - Jason's Farewell Dinner
• 02/2 - ReUnion Dinner
• 03/2 - CNY
• 15/2 - End of IPT
• xx/3 -
Hokkaido Trip
• 30/4 -
Bali Trip
• 18/1 - Start of IPT
• 21/1 - Jason's Farewell Dinner
• 02/2 - ReUnion Dinner
• 03/2 - CNY
• 15/2 - End of IPT
• xx/3 -
Hokkaido Trip• 30/4 -
Bali Trip
MoMo Citizen
- Christopher
- "The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty."
MoMo Adventure World Travel
 Jeju, South Korea Seoul, South Korea Incheon, South Korea KangWonDo, South Korea KyongSangBukDo, South Korea Johor, Malaysia Desaru, Malaysia Kuala Lumpur, Malaysia Penang, Malaysia Malacca, Malaysia Langkawi, Malaysia Butterworth, Malaysia Cameron Highlands, Malaysia Genting, Malaysia Klang, Malaysia Port Dickson, Malaysia Ayer Hitam, Malaysia Batu Pahat, Malaysia Phuket, Thailand Pattaya, Thailand Bangkok, Thailand Krabi, Thailand Chiang Mai, Thailand GuangZhou, China FoShan, China HeShan, China JiangMen, China ZhongShan, China ZhuHai, China ChaoZhou, China JieYang, China ShanTou, China ShenZhen, China Hong Kong, China Macau, China Taipei, Taiwan KeeLung, Taiwan TaoYuan, Taiwan I-Lan, Taiwan Guishan Island, Taiwan Singapore, Singapore Pulau Tekong, Singapore Pulau Ubin, Singapore Sentosa, Singapore |
 Melbourne, Australia Yarra Glen, Australia Churchill Island, Australia Phillip Island, Australia Geelong, Australia Torquay, Australia Lorne, Australia Apollo Bay, Australia Cape Otway, Australia Princetown, Australia Port Campbell, Australia Warrnambool, Australia Halls Gap, Australia Ararat, Australia Beaufort, Australia Ballarat, Australia Bintan, Indonesia Batam, Indonesia Osaka, Japan Honolulu, United States Hawaii, United States San Francisco, United States Las Vegas, United States Los Angeles, United States San Diego, United States Ho Chi Minh City, Vietnam Hanoi, Vietnam Halong, Vietnam Rome, Italy Vatican City, Italy Naples, Italy Capri, Italy Assisi, Italy Florence, Italy Pisa, Italy Venice, Italy Padua, Italy Stresa, Italy Milan, Italy Dubai, United Arab Emirates |
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