Wednesday, May 18, 2011

Market Daily -- 18th May 11

6.  PM Lee Hsien Loong announced his new Cabinet in a press conference today
MINISTERS
  • Teo Chee Hean – Deputy Prime Minister, coordinating Minister for National Security and Minister for Home Affairs
  • Tharman Shanmugaratnam – Deputy Prime Minister, Minister for Finance and Minister for Manpower
  • Lim Hng Kiang – Minister for Trade and Industry
  • Lim Swee Say – Minister, Prime Minister’s Office
  • Yaacob Ibrahim – Minister for Information, Communication and the Arts
  • Khaw Boon Wan – Minister for National Development
  • Dr Ng Eng Hen – Minister for Defence
  • Dr Vivian Balakrishnan – Minister for Environment and Water Resources
  • K Shanmugam – Minister for Foreign Affairs and Minister for Law
  • Gan Kim Yong – Minister for Health
  • Lui Tuck Yew – Minister for Transport and Second Minister for Foreign Affairs
  • S Iswaran – Minister in Prime Minister’s Office, Second Minister for Home Affairs, Second Minister for Trade and Industry
  • Heng Swee Keat – Minister for Education
  • MG (NS) Chan Chun Sing – Acting Minister for Community Development, Youth and Sports, Minister of State for Ministry of Information, Communications and the Arts
SENIOR MINISTERS OF STATE
  • Grace Fu Hai Yien – Ministry of Information, Communications and the Arts and Ministry of the Environment and Water Resources
  • Mr Heng Chee How – Prime Minister’s Office
MINISTERS OF STATE
  • Lee Yi Shyan – Ministry of Trade and Industry and Ministry of National Development
  • Dr Amy Khor Lean Suan – Ministry of Health
  • Masagos Zulkifli – Ministry of Home Affairs and Ministry of Foreign Affairs
  • Teo Ser Luck – Ministry of Trade and Industry
  • Halimah Yacob – Ministry of Community Development, Youth and Sports
  • Josephine Teo – Ministry of Finance and Ministry of Transport
  • Lawrence Wong – Ministry of Defence and Ministry of Education
  • BG (NS) Tan Chuan-Jin – Ministry of National Development and Ministry of Manpower
SENIOR PARLIAMENTARY SECRETARIES
  • Hawazi Daipi – Ministry of Education and Ministry of Manpower
  • Dr Mohamad Maliki Bin Osman – Ministry of Defence and Ministry of National Development
  • Sam Tan – Ministry of Foreign Affairs and Ministry of Community Development, Youth and Sports
  • Sim Ann – Ministry of Education and Ministry of Law
 Wong Kan Seng, Mah Bow Tan and Raymond Lim to step down from Cabinet, along with Goh Chok Tong and Lee Kuan Yew.
    5. Singapore MAS: Allowing Local Currency To Rise Has Damped Inflation
    Singapore MAS: Headline Inflation Has Probably Peaked
    Singapore MAS Reiterates Inflation Expected To Average 3%-4% This Year
    Singapore MAS: Much Of Asia Inflation Is Temporary 
    Singapore MAS: Asean Nations Also Using FX Appreciation To Damp Inflation
    Singapore MAS: Pace Of Food Inflation, Capital Flows Into Asia Will Moderate 
    Singapore MAS: Most Asian Nations Not Behind Curve On Inflation
    Singapore MAS: Asean Inflation Risks Not Over Yet 

    4. SATS Target Raised To S$2.52 Vs S$2.40 By UOB KayHian

    3. Mitsui Chemicals: To Build 2nd Polymer Factory In Singapore
    Mitsui Chemicals: To Make Final Investment Decision In 2011 
    Mitsui Chemicals: 2nd Factory Capacity About 300,000 Tons/Year
    Mitsui Chemicals: 2nd Factory To Start Production In 2014
    Mitsui Chemicals: To Set Up R&D Center In Singapore June 
    Mitsui Chemicals: To Seek Technical Cooperation With Singapore Government

    2. Neptune Orient Lines: European Commission Officials Visit NOL UK Office
     NOL: Intent Of EC Inspection To Identify Any Anticompetition Infringement
     NOL: Believes It Is In Compliance With Europe Anticompetition Regulation
    NOL: Fully Cooperating With European Commission 

    1. The Dow Jones industrial average .DJI dropped 68.79 points, or 0.55 percent, to 12,479.58. The Standard & Poor's 500 Index .SPX dropped a mere 0.49 of a point, or 0.04 percent, to 1,328.98. But the Nasdaq Composite Index .IXIC gained 0.90 of a point, or 0.03 percent, to 2,783.21