Daily Money: October NODX plunged YoY, taken by stock punters and condo flippers as great news

By SG Uncle Trader October NODX numbers were – to put it mildly – crap. But going by the bubbly sound bites from economist calls, it seems that Singapore – which incidentally has the world’s highest trade-to-GDP ratio of 370% – is “recovering” purely because we will soon see STI at 2800 and Ang Mo …

Daily Money: Singapore share placements best way to screw retail investor

Share placements (aka corporate-sponsored jacking of the punter/minority shareholder) are taking Singapore by storm. A recent announcement by MI-Reit, from the BT, attests to this growing trend: “Big recapitalisation exercise at MI-Reit” (from BT): MACARTHURCOOK Industrial Reit (MI-Reit) has announced a slew of measures to recapitalise and refinance its debts and contractual obligations. It has …