Tuesday, 21 January 2014

Cache logistics trust financial results as at 21Jan2014

CACHE LOGISTICS TRUST?S FULL YEAR 2013 DISTRIBUTABLE 
INCOME INCREASED 14.1% TO S$65.6 MILLION 

- Net Property Income up 11.1% year-on-year to S$76.8 million in 2013 

- Full Year 2013 Distribution per Unit of 8.644 Singapore cents 

- 100% occupied portfolio with only 3% of its leased area up for renewal in 2014 
- Strong Balance Sheet with low aggregate leverage of 29.1% 

News as at 21/1/14. CD coming. 7.68% yield. Don't miss it!

Credit card data in South Korea has been leaked

An employee of Korea Credit Bureau has been arrested for stealing the names, social security numbers, phone numbers, and credit card information of 20 million cardholders. Agence France-Presse reports that the employee then sold the data to multiple phone marketing companies, the managers of which have also been arrested.

None of the data have circulated, but all 27 top executives from KB Financial Group, one of the affected credit card companies, have offered to resign, according to the Wall Street Journal.

Thursday, 16 January 2014

Boy dies in school during PE class

Case 1:

SINGAPORE: Police are investigating the death of a 16-year-old boy on Monday in his school.

The secondary four student of Tanglin Secondary School had fainted on Monday when he was jogging during a physical education (PE) class.

The school's principal told Channel NewsAsia the boy was attended to immediately by the staff.

He was unconscious when he was sent to the National University Hospital, and was later pronounced dead.

Case 2:

Thursday, Jan 16, 2014

The Straits Times

A 13-year-old student from Temasek Junior College died on Wednesday during a physical education (PE) lesson, after he reportedly had an asthma attack.


Wednesday, 15 January 2014

Bubble popping Singapore?

According to one recent article by Forbes, Singapore has a wealth bubble, a population bubble, a credit bubble, a property bubble, a construction bubble and our sovereign wealth funds are at risk. 

Put all these together and we have horror movie on "bubble popping Singapore"..

http://www.forbes.com/sites/jessecolombo/2014/01/13/why-singapores-economy-is-heading-for-an-iceland-style-meltdown/5/

Thursday, 9 January 2014

Sabana Reits in first quarter 2014

Analysis of Sabana REIT

Current Price on 3rd January 2014 = $1.075
  • Current Yield = 8.86%  
  • Price-to-book Ratio = 0.993
  • Assets per unit = $1.165
  • Debt per unit = $0.369 (including current liabilities)
  • Gearing = 38.7%
I am still suffering from capital loss from my sabana reits. Sigh!

Five Stars Tour Agency Closed Down

Its shock closure could not have come at a worse time.

Potentially hundreds, if not thousands, of travellers have been left in the lurch after popular coach and travel agency Five Stars Tour abruptly closed all eight of its branches across Singapore on Wednesday. 

As of 11.15am on Thursday, the Consumers Association of Singapore (CASE) received 102 complaints against the tour agency. 

News of the travel agency's closure was first reported by Chinese daily Lianhe Wanbao. In its report, it said Five Stars Tour had applied for a liquidation notice with the police.  

When this reporter visited its main branch at People's Park Complex on Thursday morning, a notice at its entrance read that the agency "has closed for business and stop providing services with immediate effect. We will be returning all passports to customers through registered article in the next few days".

It also said customers with unfulfilled trips can make claims through travel insurance or file claims through the Small Claims Tribunal or CASE.

Monday, 6 January 2014

Reply from NTUC fairprice on abandoned trolleys

Thank you for your feedback. 

We recognise that  abandoned trolleys is an industry-wide and persistent problem that needs sustained public education and we will continue to educate the public on the need to be considerate when using trolleys for grocery shopping.
 
With the majority of shoppers doing
the right thing and influencing and encouraging others to do so as well, we can create an even more pleasant shopping experience for everyone. 

Please call our Customer Relations hotline at 65522722 or email to general.feedback@fairprice.com.sg for any feedback on abandoned trolleys.