Dim Sum bonds issued in Singapore
POSTED: 27 May 2013 10:48 PM
Standard Chartered Bank and HSBC are issuing yuan-denominated (Dim Sum) bonds for the first time in Singapore.
SINGAPORE: Standard Chartered Bank and HSBC are issuing yuan-denominated (Dim Sum) bonds for the first time in Singapore.
The announcement came as the Singapore Exchange launched its own yuan-clearing system on Monday.
Both banks are also known to be among the most aggressive players in the offshore yuan market.
Standard Chartered's offshore renminbi-denominated Senior Unsecured Notes are the first RMB bond deposited with SGX.
The timing of the bonds issuance coincides with the start of offshore yuan-clearing services by the Industrial and Commercial Bank of China (ICBC) on Monday.
This could help free up trade in the currency and make Singapore an offshore hub for Dim Sum debt.
HSBC Singapore has issued a two-year yuan bond at a yield of about 2.25%. The notes will raise 500 million yuan.
Matthew Cannon, the head of Global Markets at HSBC in Singapore, said in a statement that the issuance shows HSBC's commitment to further develop the offshore RMB market.
He added: "The funds will be used to finance the bank's expansion of RMB-based lending assets.
"This issuance will help open the market to other issuers looking to fund themselves internationally in RMB, offer new investment opportunities to the substantial pool of wealth managed in Singapore and assist in funding the rapidly growing RMB denominated trade business in Asia."
Standard Chartered raised 1 billion yuan through its 3-year note issuance with a yield of 2.625% after generating over 3 billion yuan in orders from 75 investors across Asia.
With settlement of the bond set for 31 May, Standard Chartered said it would be the first offshore yuan bond that is listed, cleared and settled in Singapore.
Standard Chartered's CEO Ray Ferguson said in a statement that he sees this as another step in Singapore's development as an offshore RMB hub.
"Singapore already leads as a regional treasury centre; is a springboard to Southeast Asia along the key trade corridor with China and provides a hub for Asian wealth management and commodities trading. Singapore's contribution to the development of the RMB is further enhanced by this issuance," he added.
The sales will be cleared through SGX's Central Depository, which provides clearing and settlement services for securities in Singapore.
Will Hedden, IG Market's senior sales trader, said: "There's a lot of money here from China that would be looking for somewhere to go, in that respect in the fixed income space. And these banks are really there to capitalize on it.
"It's another kind of sign that perhaps people are moving away from dollars and yen and euros and other what we would consider major reserve currencies around the world and looking to get exposure into China."
Previously, most of the trading was handled through mainland China or Hong Kong-based banks.
Singapore is set to compete with other trading hubs such as Taipei, Tokyo, Kuala Lumpur, London and Luxembourg in a market estimated to worth up to 360 billion yuan, or US$59 billion.
SGX's depository service adds to the exchange's current offering of listing, quotation, trading, clearing and settlement of RMB-denominated securities and listing of offshore RMB bonds.
Magnus Bocker, CEO of SGX, said in a statement: "Our enhanced RMB capabilities support customers interested in the internationalization of the RMB and the growth of the Chinese economy.
"It will also complement the Industrial and Commercial Bank of China's yuan-clearing service to participating banks, which starts today (Monday).
"As Singapore's role as an international offshore RMB centre becomes increasingly important, customers coming to SGX can be assured of our commitment to keep growing and enhancing our suite of RMB and China-related products and services."
HSBC and Standard Chartered said they would manage their own sales.
Last week, DBS Group said it wants to issue yuan-denominated bonds to be cleared out of Singapore too.
- CNA/al
- wong chee tat :)
Monday, May 27, 2013
7 injured in Bangkok bomb blast
7 injured in Bangkok bomb blast
POSTED: 27 May 2013 2:42 PM
A bomb hidden near rubbish bins in a busy suburban Bangkok shopping area left seven people wounded, Thai police said on Monday.
BANGKOK: A bomb hidden near rubbish bins in a busy suburban Bangkok shopping area left seven people wounded, Thai police said on Monday.
The home-made device exploded at about 9pm (1400 GMT) on Sunday in Ramkhamhaeng, a university area of the Thai capital, said Police colonel Narongrit Promsawan.
"Police are investigating to see what caused the explosion and who were involved. A preliminary investigation of the scene found many nails were part of the device," he told AFP.
Narongrit said police did not think the bombing was part of a broader campaign.
He said none of those hurt was in a serious condition.
Deputy government spokeswoman Sunisa Lertpakawat said security forces were urgently probing who was behind the blast.
"It is now under investigation, which may take time, but not too long because security for Thais and foreigners is a very important matter for this government," she told AFP.
- AFP/fa
- wong chee tat :)
POSTED: 27 May 2013 2:42 PM
A bomb hidden near rubbish bins in a busy suburban Bangkok shopping area left seven people wounded, Thai police said on Monday.
BANGKOK: A bomb hidden near rubbish bins in a busy suburban Bangkok shopping area left seven people wounded, Thai police said on Monday.
The home-made device exploded at about 9pm (1400 GMT) on Sunday in Ramkhamhaeng, a university area of the Thai capital, said Police colonel Narongrit Promsawan.
"Police are investigating to see what caused the explosion and who were involved. A preliminary investigation of the scene found many nails were part of the device," he told AFP.
Narongrit said police did not think the bombing was part of a broader campaign.
He said none of those hurt was in a serious condition.
Deputy government spokeswoman Sunisa Lertpakawat said security forces were urgently probing who was behind the blast.
"It is now under investigation, which may take time, but not too long because security for Thais and foreigners is a very important matter for this government," she told AFP.
- AFP/fa
- wong chee tat :)
Job adverts slip 0.7% on-quarter in Q1
Job adverts slip 0.7% on-quarter in Q1
POSTED: 27 May 2013 7:51 PM
Job advertisements in Singapore fell 0.7 per cent in the first quarter of 2013 compared to the last quarter of 2012, according to international recruitment consultancy Robert Walters.
SINGAPORE: Job advertisements in Singapore fell 0.7 per cent in the first quarter of 2013 compared to the last quarter of 2012, and dropped 7.3 per cent from January to March.
The advertising numbers were released by Robert Walters, an international recruitment consultancy.
The Robert Walters Asia Job Index tracks advertisement volumes for professional positions across the leading job boards and national newspapers in China, Hong Kong, Japan, Malaysia, Singapore and South Korea.
The index showed that job advertisements in Singapore for IT supervisors and administrators fell by 12.1 per cent.
Robert Walters said this correlates to the trend of companies shifting their hubs to cheaper locations in Southeast Asia to mitigate a stronger Singapore dollar.
While retail remains the largest sector by advertising numbers, the total number of advertised roles fell slightly by 0.6 per cent in Q1 compared to the previous quarter.
Advertisements for property management roles rose by 11.9 per cent in Q1 compared to Q4 last year.
The report noted that Singapore continues to build new developments to cater for a growing population.
Advertisements for accounting and finance roles increased by 4.1 per cent on the previous quarter.
The report attributed this largely to a sustained insurance market and growth in private banking and asset management, an area that is being supported by the growing number of wealthy expatriates moving to Singapore.
The total number of job advertisements for professional positions in Asia rose 4 per cent in the first quarter of 2013 from the last quarter of 2012.
From January to March 2013, recruitment advertising volumes across Asia grew by 20.6 per cent.
All territories except Singapore showed an increase in recruitment advertising in Q1 compared to Q4 2012.
The retail sector continued to be a strong area for job advertising. Advertising numbers increased in Malaysia (by 18.3 per cent), Hong Kong (10.9 per cent) and Japan (8.5 per cent).
- CNA/al
- wong chee tat :)
POSTED: 27 May 2013 7:51 PM
Job advertisements in Singapore fell 0.7 per cent in the first quarter of 2013 compared to the last quarter of 2012, according to international recruitment consultancy Robert Walters.
SINGAPORE: Job advertisements in Singapore fell 0.7 per cent in the first quarter of 2013 compared to the last quarter of 2012, and dropped 7.3 per cent from January to March.
The advertising numbers were released by Robert Walters, an international recruitment consultancy.
The Robert Walters Asia Job Index tracks advertisement volumes for professional positions across the leading job boards and national newspapers in China, Hong Kong, Japan, Malaysia, Singapore and South Korea.
The index showed that job advertisements in Singapore for IT supervisors and administrators fell by 12.1 per cent.
Robert Walters said this correlates to the trend of companies shifting their hubs to cheaper locations in Southeast Asia to mitigate a stronger Singapore dollar.
While retail remains the largest sector by advertising numbers, the total number of advertised roles fell slightly by 0.6 per cent in Q1 compared to the previous quarter.
Advertisements for property management roles rose by 11.9 per cent in Q1 compared to Q4 last year.
The report noted that Singapore continues to build new developments to cater for a growing population.
Advertisements for accounting and finance roles increased by 4.1 per cent on the previous quarter.
The report attributed this largely to a sustained insurance market and growth in private banking and asset management, an area that is being supported by the growing number of wealthy expatriates moving to Singapore.
The total number of job advertisements for professional positions in Asia rose 4 per cent in the first quarter of 2013 from the last quarter of 2012.
From January to March 2013, recruitment advertising volumes across Asia grew by 20.6 per cent.
All territories except Singapore showed an increase in recruitment advertising in Q1 compared to Q4 2012.
The retail sector continued to be a strong area for job advertising. Advertising numbers increased in Malaysia (by 18.3 per cent), Hong Kong (10.9 per cent) and Japan (8.5 per cent).
- CNA/al
- wong chee tat :)
iOS: Forgotten passcode or device disabled after entering wrong passcode
iOS: Forgotten passcode or device disabled after entering wrong passcode
Summary
Learn what to do if you have forgotten or can't remember your passcode, or if you see a red "disabled" message.Products Affected
iPad, iPhone, iPod touch
When you set up a passcode to secure the use
of your iPhone, iPad, or iPod touch and you then enter the wrong
passcode, you may see a red "disabled" message. If you forgot or can't
remember your passcode, follow the steps in this article to resolve the
issue.
If you enter the wrong passcode six or more times, you'll see a message that says one of the following:
After too many attempts, your device may display, "[Device] is disabled, connect to iTunes".
If you enter the wrong passcode six or more times, you'll see a message that says one of the following:
- iPhone is disabled
- iPad is disabled
- iPod touch is disabled
After too many attempts, your device may display, "[Device] is disabled, connect to iTunes".
If you have previously synced your device with iTunes
You may be able to reset the passcode by restoring the device.
- Connect the device to the computer with which you normally sync and open iTunes.
Note: If iTunes prompts you to enter the passcode, try another computer that you have synced with. Otherwise, go to "If you have never synced your device with iTunes", below. - Right-click the device in the left column and select Back up.
- When the backup is complete, select Restore.
- When finished, restore from your most recent backup.
If you have never synced your device with iTunes
Connecting the device may result in this error message: "iTunes could
not connect to the [device] because it is locked with a passcode. You
must enter your passcode on the [device] before it can be used with
iTunes."
- Disconnect the USB cable from the device, but leave the other end of the cable connected to your computer's USB port.
- Turn off the device: Press and hold the Sleep/Wake button for a few seconds until the red slider appears, then slide the slider. Wait for the device to turn off.
- While pressing and holding the Home button, reconnect the USB cable to the device. The device should turn on.
- Continue holding the Home button until you see the "Connect to iTunes" screen. When this screen appears, release the Home button.
- iTunes should alert you that it has detected a device in recovery mode. Click OK, and then click Restore to restore the device.
If you don't have access to a computer
If you are using Find My iPhone, you can use Remote Wipe to restore your device. If you have been using iCloud to back up, you may be able to restore the most recent backup to reset the passcode.
- wong chee tat :)
- wong chee tat :)
Subscribe to:
Posts (Atom)