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Singapore Press
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28 июля 2015, 13:15

Singapore stocks lower at close of trade; Singapore Straits Time down 0.82%

Singapore stocks were lower after the close on Tuesday, as losses in the Oil&Gas, Real Estate Holdings&Development and Industrials sectors led shares lower. At the close in Singapore, the Singapore Straits Time declined 0.82%. The best performers of the session on the Singapore Straits Time were Wilmar International Limited (SIN:WLIL), which rose 0.31% or 0.01 points to trade at 3.20 at the close. Meanwhile, Jardine Matheson Hldgs Ltd (SIN:JARD) fell 0.09% or 0.05 points to end at 55.00 and Singapore Press Hldgs Ltd (SIN:SPRM) was down 0.24% or 0.01 points to 4.20 in late trade. The worst performers of the session were Golden Agri-Resources Ltd (SIN:GAGR), which fell 5.56% or 0.020 points to trade at 0.340 at the close. Noble Group Limited (SIN:NOBG) declined 4.03% or 0.025 points to end at 0.595 and CapitaMall Trust (SIN:CMLT) was down 2.34% or 0.050 points to 2.090. Falling stocks outnumbered advancing ones on the Singapore Stock Exchange by 296 to 160 and 36 ended unchanged. Shares in Golden Agri-Resources Ltd (SIN:GAGR) fell to 5-year lows; down 5.56% or 0.020 to 0.340. Shares in Noble Group Limited (SIN:NOBG) fell to 5-year lows; losing 4.03% or 0.025 to 0.595. Crude oil for September delivery was down 0.75% or 0.35 to $47.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 1.35% or 0.72 to hit $52.75 a barrel, while the December Gold contract fell 0.36% or 3.90 to trade at $1093.00 a troy ounce. USD/SGD was down 0.13% to 1.3671, while EUR/SGD fell 0.63% to 1.5085. The US Dollar Index was up 0.36% at 96.98.

22 июля 2015, 08:04

Young & Entrepreneurial: How these first-time Entrepreneurs built Carousell, the #1 Lifestyle App in Singapore

Young & Entrepreneurial is a series of articles where we interview and write about young individuals innovating, venturing out, taking risks and disrupting the world. This is the 23rd post in the Young & Entrepreneurial Series. To read previous features, visit our Facebook page here. If you want to stay up to date with this series, sign-up for our newsletter here. --- Spending one year in Silicon Valley can make a big difference in the lives of students about to graduate from university. For then National University of Singapore (NUS) students Siu Rui Quek, Lucas Ngoo and Marcus Tan, their one-year immersion in Silicon Valley through the NUS Overseas College program would inspire them to use technology to solve problems at a large scale. This technology would end up being in the form of Carousell, a peer to peer, C2C mobile marketplace that they started in 2012. Since then, Carousell has become the number 1 lifestyle application in Singapore and has a presence in Taiwan, Indonesia and Malaysia. Last year, they also raised a $6M financing round led by Sequoia Capital, the firm that has backed legendary companies like Apple and Google. The Carousell founding team at work Siu Rui, who leads Carousell Product & Community, shared, "If you look at WhatsApp, they were a 35 man team serving 400 million people worldwide. That was the kind of impact we wanted to create. At that time, we were just business students and computer engineering students. Coming from Singapore, you only aspire to work for the bigger companies but Silicon Valley changed that for us." It was also around this same time that they stumbled upon a personal problem of having so many gadgets lying around their room from buying things from Amazon while they were in the US. While the trio initially tried using Yahoo auctions and Ebay, they felt that buying and selling could be much simpler with a mobile platform--the idea for Carousell was born. Startup Weekend Singapore 2012 A mobile platform for buying and selling would end up becoming the team's pitch during Startup Weekend Singapore in 2012. There were over 80 teams that competed in the Startup Weekend competition, with only 20 teams going to the final round. Siu Rui shared, "Turns out that we were idea number 22 but luckily 2 teams consolidated and dropped out of their idea and we were the last team to be able to work on our idea." The Carousell team would end up winning the entire competition and this would kickstart their entrepreneurship journey. They would graduate a month later and would go full steam ahead building the product, and eventually launching their IOS app on August 2012. However, it wouldn't be that smooth a ride. Never take no for an answer The team's first rejection would come from a professor who handled the selection for a $10,000 NUS Grant that they had hoped to secure to kick-start their product development. While most teams would have given up right there, the Carousell team did something else. Siu Rui shared, "They said the idea was not new and asked us why we were doing this. But we decided to go after the professor and literally do an elevator pitch to the professor answering why we were doing this and why we really believed in this." The next day, the professor decided to give them a $7000 grant to kickstart the development of the Carousell app. Marcus, who leads Carousell's Design & Community, shared, "We were first time designers and developers. We didn't really have formal training on how to design or develop a social app. We had to learn how to use Photoshop, read about product and design and do a lot of user testing." Early on, the team would start out with user interfaces and mockups that they would take to flea markets in Singapore asking them if they would use the app. They also started thinking about other problems they could solve from a mobile experience. The Carousell Founding Team Early Engineering Challenges Lucas, who leads Carousell's Engineering and Development also recalls the first day they launched the app after it got approved to go live in the App store. He shared, "there was a spike during the first day so it crashed our sever because we didn't fully prepare for it. We had to drive down to one of the rooms in NUS and migrate our server to a better hosting provider." However, this spike wouldn't last. While the initial hype from the Startup Weekend and the support from NUS helped with the initial spike, the next 3-4 months would be flat growth for Carousell. Siu Rui shared, "There was a day where we only had 7 signups. That was depressing but thankfully we looked deeper and saw how we had 400 active users." At this same time, NUS had also connected the Carousell team to Vinnie Lauria from Golden Gate Ventures whose expertise lied in growth hacking and community building. He immediately saw a retention problem and helped the Carousell team set up transactional emails. The team quickly integrated Sendgrid and push notifications that would incentivize users to revisit the app. Then another big realization hit them. Siu Rui shared, "We were starting to grow again when we realized that we had no Android app and as a result were cutting our addressable marketplace by half so we set out to build one." Three months later and the team launched their Android app on January 2013. Number One Lifestyle App in Singapore Starting out, the team had focused on targeting small communities like the female blog shops community in Singapore, where they had identified a problem of people selling wrong sizes--they needed an easier way to communicate instead of using Facebook groups. Marcus shared, "We reached out to them, and they migrated to Carousell, and were a big part of our early adopters." This was followed by a partnership with Singapore Press Holdings' ST Classifieds, helping them gain even more traction. Before they knew it, Carousell had shot up and became the number one lifestyle application in Singapore. Siu Rui shared, "Up to today we haven't spent a cent on marketing but we're still the number one lifestyle application." Key to their success was being part of the ecosystem of Block 71. Lucas shared, "Initially we tried to do a lot of things ourselves. We tried to learn a lot of things and pick up things on our own. But we had the whole community of Block 71 so we reached out to the other startups on scaling challenges and that actually helped us." Scaling up While the first two years saw the founding team along with two other members doing the bulk of the work, Carousell would eventually need to grow its team to meet the demand of their product as they scaled regionally. Siu Rui shared, "When we were trying to start hiring our first few people, we had this bias for people like us, the hacker and hustler type. We were quite averse to bringing people in who had prior experience. But we overtime learned that it is valuable to bring in people with experience and eventually after 2 and a half years after we started Carousell, we brought on our first really experienced engineer." Bringing in more experienced people helped Carousell scale to new markets as they entered the Malaysia market, followed by Indonesia and Taiwan. Siu Rui added, "If you look at Singapore, there are only 5 million people so we decided that in order to create more impact and to inspire the world to start selling, we needed to open up new markets internationally." The Taiwan team Successful Regional Expansion The reason why Carousell has been so successful in their regional expansion is because of a few main reasons that Marcus highlighted, "First, it was finding the right team and teammates. That was the first thing in our list. How do we get someone who understands our product, and understands our culture and values." He added, "Second, we had to localize the product and the currency. Then we had to find someone who could speak the language and knew people in the area. We needed someone who understood the different demographics in a multiracial country." This rapid growth didn't come without its challenges. Siu Rui shared how the team is still constantly learning how to engage all its team members and communicate better with their remote teams. He shared, "How do you make them feel like they're part of the family? We're trying hard but I don't think we still have the full answers." Currently, the team tries to fly in their remote members once every 2 months for a week or so to mingle with the rest of the team. While admittedly it has also been a challenge as Carousell has grown so quickly, doubling the size of their team in the last 6 months, the team hopes to continue growing their family in the next few months with their focus on expanding to even more countries. From first-time entrepreneurs to Sequoia-backed Startup In just three years, the team has gone from 3 inexperienced first-time entrepreneurs to a startup with over 40 employees with venture capital funding from Sequoia Capital. Siu Rui said, "Sequoia has backed legendary companies. This was validation for us and our team's hard work." Marcus shared, "We used to build the product during the early days then the role has evolved to driving the mission to our teammates and articulating to our family why this mission is important and driving down the culture of solving problems." While it used to be just the three of them, Carousell has become a family of entrepreneurial individuals wanting to inspire the world to start selling. Marcus added, "We learn from every person that joins our family. Their experiences and how much we learn from them inspire us as well." Sticking to the mission Carousell was created with the goal of helping as many people buy and sell their things and it hasn't looked back. Marcus shared, "It really inspired us how a product that we just wanted to build for ourselves has impacted so many people and is touching so many people's lives." He told us how a lot of first time sellers coming to Carousell, who are very young start becoming entrepreneurial because of Carousell. Marcus even shared with us his own experience selling his used camera that was just collecting dust in his house, to a university student that wanted to learn photography. He shared, "It hit me at that time that not everyone can buy first hand. That was something that really touched me. Something that was collecting dust at home could actually make an impact and bring joy and help someone else develop a new skill." Lessons on Starting a Startup Siu Rui started out with, "Keep learning, you don't know what you don't know." Lucas added, "Keep exploring. When we first started, we never knew that we would launch in Taiwan. Going forward, we don't know how big Caoursell will be; just trust that it will be really really big and just keep working." For Marcus, it's about understanding that the startup journey is not a sprint but a marathon. "Start simple, don't hesitate and keep going. It's something where you need perseverance to keep going." It's been more than 3 years ago when this team first decided to jump into doing Carousell full-time right after university. Six months after they first started and they still weren't sure that anyone cared about Carousell aside from their 400 active users. Siu Rui closed with, "Don't prematurely kill your idea just because in 3 months or 6 months you didn't see any results. It took us 1.5 years before we saw any form of rapid growth in Carousell. Staying on because you're passionate about something is very important." Want to start selling or buying? Learn more on how you can get started by visiting the Carousell website here. The Carousell Family Enjoyed reading the article? We hope you could click the share button and help us inspire the next-generation of entrepreneurs. You can also find previous features on our Facebook page here. ---About the Author--- David Ongchoco is a student entrepreneur and avid storyteller from the Philippines studying at the University of Pennsylvania majoring in what he likes to call, LIFE. He is currently working on expanding his nonprofit organization YouthHack. It's David's goal to make an impact in the lives of as many people possible while constantly learning new things every single day. David can be reached at [email protected] -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

12 февраля 2015, 04:17

SINGAPORE PRESS-Biggest integrated startup space launched -Business Times

The biggest integrated startup space in Singapore, a meeting place for tech-builders, innovators and investors, was launched on Wednesday to bring together partners of the tech-building community across the value chain, the Business Times reported.

12 декабря 2013, 12:04

Singapore Press Holdings Invests $10M In Digital Magazine Store Magzter

Yesterday we reported that popular social reader app Flipboard has secured $50 million in funds from existing investors. Today another online magazine store, Magzter has raised a funding of $10 million from Singapore Press Holdings and its existing investor Kalaari Capital. The Series B funding will be primarily utilized for further expansion and entry in to digital books. [...] Looking For A Social Media Agency?? - Contact WATConsult - India's Leading Social Media Agency

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25 ноября 2013, 05:15

SINGAPORE PRESS-Singapore woos MNCs to build up 3D printing sector - Business Times

The Singapore Economic Development Board (EDB) wants multinational companies to pick Singapore as the location for developing 3D printing and additive manufacturing applications for their businesses.    

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30 октября 2013, 04:32

SINGAPORE PRESS-Brokers raise shields with Sky One falling-Business Times

Sky One Holdings' collapse on Monday prompted a number of brokers to update their lists of restricted stocks this week, raising questions about why the Singapore Exchange (SGX) did not impose trading curbs as it had done with three other stocks a few weeks earlier.    

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02 октября 2013, 00:54

Американская Интернет-компания выплатит компенсацию сингапурскому медиа-холдингу

Подразделение компании Yahoo в Юго-Восточной Азии согласилось выплатить неназванную сумму в качестве компенсации ущерба и судебных издержек по иску, поданному Singapore Press Holdings в связи с нарушением авторских прав...

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16 сентября 2013, 16:02

Key Events In The Coming Week

The most important event of the "coming" week was unexpected, and did not even take place during the week, but the weekend. So with Summers unexpectedly, and uncharacteristically out, here is what else is in store. The coming weak is hosting many monetary policy meetings in the US, India, Turkey, South Africa, Norway and Switzerland. Consensus expects no change in all except the US. Specifically, as is now largely expected, the Fed will announce a shift in the mix of monetary policy instruments away from asset purchases and toward forward guidance. Regarding the forward guidance, some such as Goldman expect a clarification that the 6.5% unemployment threshold is conditional on a return of inflation to the 2% target, and even more emphasis on the importance of broad labor market improvement. There is a meaningful probability that the committee will reduce the 6.5% threshold, but this is not the base case. Regarding the asset purchase program, most seems to expect a tapering of $10 bn, all in Treasuries, as well as confirmation from Chairman Bernanke that the committee still expects to end QE in mid-2014. Journalists at the press conference are likely to ask Chairman Bernanke if the unemployment rate is still the best measure of slack in the economy, whether the FOMC has discussed lowering the unemployment threshold, how much of the decline in labor force participation is structural and how much is cyclical, whether 7% unemployment and mid-2014 remains a reasonable forecast for the end of asset purchases, and how credible the committee's forward guidance is at a time of leadership change. If tapering does begin, journalists are likely to press the Chairman on why the committee is tapering with inflation well below the target and a recent payrolls trend of about 150k. Minutes from six CBs including RBA and BoE are also on deck. The week will also prove interesting with the release of external balance statistics in a number of countries and end with German elections - the latter expected to be a non-event from a financial markets perspective. Monday, Sep 16 US Empire Manufacturing Survey (Sep) US IP (Aug): Consensus +0.4%, previous flat. Euro Area CPI (Aug): consensus unchanged at +1.3%yoy Brazil IGP-10 Inflation (Sep): previous +4.12%yoy India Wholesale Prices (Aug): previous +5.8%yoy Argentina CPI: GS +25.4%yoy, previous +25.3%yoy Also interesting: Canada Existing Home Sales Tuesday, Sep 17 Australia RBA MPC minutes Turkey MPC: Consensus has two key policy rates - repo and overnight lending - unchanged at 4.5% and 7.75% respectively US CPI (Aug): GS +0.1%mom, consensus +0.2%mom, previous +0.2%mom US TIC data (Jul): previous USD-66.9bn UK Core CPI (Aug): consensus +2.1%yoy, previous +2.0%yoy Euro Area Trade Balance, SA (Jul): consensus EUR+15.0bn, previous EUR+14.9bn New Zealand CA Balance (2Q): consensus unchanged at -4.8% of GDP Also interesting: US Homebuilders Survey, UK House Prices, Poland Employment, Singapore Non-oil Exports Wednesday, Sep 18 US FOMC: on Fed Fund rate - Consensus has it unchanged at 0.25%; on pace of MBS purchases - Consensus has them unchanged at USD+40bn; on pace of Treasuries purchases - Consensus has them at USD+35bn, previous USD+45bn. Sweden MPC minutes UK MPC minutes US Housing Starts (Aug): Consensus +2.1%, previous +5.9% South Africa CPI (Aug): Consensus +6.4%yoy, previous +6.3%yoy Also interesting: US MBA Mortgage Applications, Russia CPI and Retail Sales, Poland IP, Australia Leading Indicators, Mexico FX Reserves Thursday, Sep 19 South Africa MPC: Consensus have rate unchanged at 5% Norway MPC: GS and consensus have deposit rate unchanged at 1.5% Switzerland MPC: consensus has target 3m Libor rate unchanged at 0% Poland MPC minutes Kuroda speaks in Tokyo US Initial Jobless Claims (Sep): consensus +330K, previous +292K US Philly Fed Survey (Sep): Consensus +10, last +9.3 US Existing Homes Sales (Aug): consensus -2.6%, previous +6.5% US CA Balance (Q2): consensus USD-97.2bn, previous USD-106.1bn Japan Tankan Survey (Sep) Japan Trade Balance (Aug): consensus JPY-1113.8bn, previous JPY-1024.0bn Switzerland Trade Balance (Aug): consensus CHF+1.80bn, previous CHF+2.38bn Also interesting: Mexico Aggregate Demand, UK Retail Sales, Ireland GDP, Russia FX Reserves Friday, Sep 20 Fed's George, Bullard and Kocherlakota speak in NY; Tarullo speaks on regulation in New Haven India RBI MPC Mexico MPC minutes Euro Area Consumer Confidence (Sep): consensus -14.5, previous - 15.6 Brazil IPCA-15 Inflation: Consensus +5.93%yoy, previous +6.15%yoy Argentina real GDP: previous +3.0%yoy Argentina CA Balance: previous USD-2380mn Also interesting: Thailand FX Reserves, Canada CPI, UK CBI Industrial Trends Survey Sun, Sep 22 German elections - although being a significant event with uncertain outcomes we recently discussed in GS Top of Mind that any of those outcomes should not in  our opinion contribute significantly to European market movements in the week pre- and post the elections Visually: Source: GS and SocGen        

10 сентября 2013, 17:57

PRESS RELEASE: Most U.S. Workers Likely to Lose Out from Proposed Trans-Pacific Trade Agreement, Report Finds

September 10, 2013 Tiny Economic Gains from TPP Would be Dwarfed by Increased Inequality for Most Workers For Immediate Release: September 10, 2013 Contact: Dan Beeton, 202-239-1460 Washington, D.C.- A new report from the Center for Economic and Policy Research (CEPR) finds that most U.S. workers would experience a net negative impact from the proposed Trans-Pacific Partnership (TPP) trade deal currently under negotiation. The paper, “Gains from Trade? The Net Effect of the Trans-Pacific Partnership Agreement on U.S. Wages,” by economist David Rosnick uses economic modeling results that are widely-cited by proponents of the agreement.  These recent estimates of the U.S. economic gains that would result from the TPP are very small—only 0.13 percent of GDP by 2025.  This paper finds that taking into account the effect of the agreement on wage inequality, the median wage earner would lose as a result of any such agreement. “Most U.S. workers are likely to lose out from the TPP,” CEPR Co-Director Mark Weisbrot said today. “This may come as no surprise after 20 years of NAFTA and an even-longer period of trade policy designed to put lower- and middle-class workers in direct competition with low-paid workers in the developing world, but it’s still important to examine the economic projections.” By examining economic modeling done by researchers Peter Petri, Michael Plummer, and Fan Zhai, the paper finds that “it would take only a very small contribution to inequality due to trade to wipe out all of the gains that most workers would get from this agreement.” Because of such an “un-equalizing effect of trade on wages” – and considering that the GDP gains are expected to be so small - the paper finds that the median wage earner in the U.S. will probably experience a net loss were the TPP to be implemented. The paper’s author arrives at this conclusion by examining different projections for the effect of trade on inequality and concludes that “despite the very modest gains in expanded economic activity, wages will generally fall as a result of future trade agreements.”   The TPP is currently being negotiated among the U.S., Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The text of the draft agreement has largely been kept secret, including from most legislators, but those who have seen it, such as Representative Alan Grayson (D – FL), have confirmed that it is modeled on NAFTA and similar U.S. trade agreements. ###

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10 сентября 2013, 11:17

All four men found guilty in Delhi gang-rape trial

Men convicted for roles in gang-rape and murder of woman likely to face death sentence but are expected to appealFour men have been convicted for their roles in the gang-rape and murder of a young woman in a moving bus in Delhi last year. Judge Yogesh Khanna delivered the verdict on Tuesday morning shortly after noon local time at the district court of Saket in south Delhi."I convict all of the accused. They have been found guilty of gang rape, unnatural offences, destruction of evidence … and for committing the murder of the helpless victim," Khanna said.The bus cleaner Akshay Kumar Singh, gym instructor Vinay Sharma, fruit-seller Pawan Gupta and unemployed Mukesh Singh will be sentenced on Wednesday and are likely to face death by hanging, though life imprisonment is a possibility. Their lawyers said they would appeal.With tears in her eyes and wearing a pink sari, the mother of the 23-year-old victim – who cannot be identified under Indian law – sat just a few feet from the four men who stood against a wall in the court as Khanna read the verdict.Outside the courthouse, where dozens of protesters had gathered, a chant began quickly after the verdict: "Hang them! Hang them! Hang them!" The trial of the men, aged between 19 and 34, started in January. One defendant, a bus driver, hanged himself in prison in March. The oldest of the six men accused of the attack on the physiotherapy student, he was alleged by police to have been the ringleader. The youngest among the alleged attackers, who was 17 at the time of the assault, was tried separately and was last month sentenced to three years in a juvenile reform home – the maximum possible punishment under Indian law. The incident, which took place on a Sunday night in Delhi in December 2012, provoked outrage in India with protests across the country. It also led to an unprecedented national discussion about sexual violence and calls for widespread changes in cultural attitudes and policing, and legal reform. The international image of the country was damaged, with numbers of female tourists dropping significantly. The victim's father, Badrinath Singh, told the Guardian he wanted the case to set an example to other women in India, where there has been a wave of sexual violence in recent years. "I want other girls and women to know how brave my daughter was so her sacrifice does not go ashamed," Singh, 48, said shortly before the verdict.Since the attack laws have been tightened and pledges made to improve the investigation and processing of sexual violence cases. Vrinda Grover, a well-known activist, said the challenge was to make any changes "institutional". "There is certainly much higher awareness now … but the Indian system has huge inertia," she said. Much of the trial was held behind closed doors, with media excluded for many months. The men arrived at the courtroom on Tuesday morning wearing hoods to avoid photographers. The mother of the victim, who suffered severe internal injuries when repeatedly violated with an iron bar, had called for all those guilty to be hanged, whatever their age. "It has to be the death penalty," she told reporters earlier this week. Singh, the victim's father, told the Guardian earlier this year that the family would push for a harsher sentence by any means possible in India and internationally. All the men denied charges of rape, murder and destroying evidence. Two said they had been to listen to a music concert in a park on the night of the attack. One said he was driving the bus in which the assault took place and did not take therefore directly take part in the assault. A fourth, a 26-year-old drifter, said he had left Delhi for his village. Police have said the juvenile convicted last month was the most violent of the attackers of the girl. The prosecution case relied on testimony from 85 witnesses, a statement given by the victim before she died, DNA samples, dental records from bite marks on the victim's body that matched the teeth of some of the men and the evidence of her male friend, who was also badly beaten in the attack. The victim's friend described how the couple were attacked after boarding the bus on the way home from an evening movie at an upscale shopping mall. The attackers beat the man and raped the woman, police and doctors told the court. The victims were eventually dumped on a roadside layby on the outskirts of Delhi, and the woman died two weeks later in a Singapore hospital. Her ashes were later scattered in the Ganges river, near her ancestral village in rural India. The men were also found guilty of robbing another man earlier in the evening of the incident. Police described how the six had set out from the Singh brothers' home in a bus on a "joy ride". They then tricked the victim and her friend into boarding the bus and assaulted them shortly afterwards. There has been widespread criticism of the fast-track court set up specifically to ensure rapid justice in the case, which is one of the most high-profile in India for many years. The trial of the adult defendants started in January. The victim's father has said the idea of a fast-track court was a farce. "This case should have wound up within a month after it started … We have waited so long. We don't want it to be for nothing," he said. Gang-rapes, acid attacks and other acts of violence against women continue to be reported every day across India. In one recent incident a photojournalist was raped repeatedly by a group of men in a disused building in the commercial capital, Mumbai. The men have since been arrested. The victim of the attack was widely praised for her courage in complaining to police and identifying her attackers. Rape victims in India often prefer to remain silent rather than risk social ostracism, and sexual harassment remains a daily reality for Indian women."Every day I take trains, buses and rickshaws and every day I get harassed one way or another. Last week it was a boy of only nine years old. We have to stand up to them. No one will take the first step unless you take it yourself," said Shurbhi Sharma, a 19-year-old student in Mumbai. In the Delhi case, defence lawyers said police "tortured" and beat their clients into making confessions. Such abuse is systemic in India. "He was crying. He said: 'Mum, mum, do something. Get me out of here. I never did anything wrong. I don't understand what is happening to me,'" Champa Sharma, mother of the defendant Vinay Sharma, said this weekend. It is hoped fast-track courts such as the one where this trial was held will help improve a poor conviction rate. Many families of victims pressure their relatives who have been assaulted not to press charges, police often refuse to file cases for those who do, witnesses are systematically intimidated and courts rarely deliver swift justice in the few cases that are filed. Indian courts had a backlog of 33m cases as of 2011.IndiaGenderWomenJason Burke theguardian.com © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds     

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27 мая 2013, 16:40

Сингапур: Singapore Press привлечет $429 млн путем IPO инвестиционного траста недвижимости

Азиатская медиа-группа Singapore Press Holdings заявила о планах по привлечению около S$540 млн ($429 млн) путем проведения IPO инвестиционного траста недвижимости. Согласно заявлению компании, листинг акций траста будет проведен в начале июля.

28 марта 2013, 02:07

Statement by the Press Secretary on the visit of Prime Minister Lee Hsien Loong of Singapore to the White House

President Obama will welcome Prime Minister Lee Hsien Loong of Singapore to the White House on Tuesday, April 2. The United States and Singapore have strong economic and security ties, and our strategic partnership reflects a shared commitment to working together to ensure the continued peace, stability and prosperity of the Asia-Pacific region. The President looks forward to discussing with Prime Minister Lee a broad range of strategic and economic issues affecting the Asia-Pacific region. The Prime Minister’s visit underscores the strategic importance the President places on Asia and the value we place on our relationship with Singapore as a key partner.  The visit will provide an opportunity for the two leaders to discuss deepening our bilateral relationship, working together in the region’s multilateral institutions, including the East Asia Summit and the Asia Pacific Economic Cooperation forum, and continuing progress on the Trans-Pacific Partnership.

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25 марта 2013, 16:26

Key Events And Issues In The Week Ahead

Via Goldman and SocGen While the news flow is dominated by Cyprus, it will be important to not lose sight of the developments in Italy, where we will watch the steps taken towards forming a government. The key release this week is likely to be US consumer confidence. Keep a watchful eye on the health of the consumer in the US after the tax rises in January. So far, household optimism and demand has held up better than expected. The IP data from Taiwan, Singapore, Korea, Thailand, Japan will provide a useful gauge on activity in the region and what it reflects about global activity, however Chinese New Year effects will need to be accounted for in the process. Monday 25 March Singapore CPI (Feb). Bloomberg Consensus: +4.1% yoy. Last: +3.6% yoy. Taiwan Industrial Production (Feb). Bloomberg Consensus:-9.2% yoy. Last: +19.2% yoy. Also of interest: Fed Chairman Bernanke, NY Fed President Dudley speak. Tuesday 26 March New Zealand Trade Balance (Feb): Bloomberg Consensus:-NZD12mn. Last: -NZD305mn. Singapore Industrial Production (Feb). Bloomberg Consensus: -7.0% yoy. Last: -0.4% yoy. US Durable Goods Orders (Feb). Bloomberg Consensus: 3.9%. Last: -4.9%. US Consumer Confidence (Mar). Bloomberg Consensus: 67.5. Last: 69.6. Also of interest: Philippines Trade Balance (Jan). Wednesday 27 March Korea Consumer Confidence Index (Mar). Last: 102. Thailand Manufacturing Production Index (Feb). Bloomberg Consensus: 3.0%. Last: 10.1. Germany GKF Consumer confidence (Apr). Bloomberg Consensus: 5.9. Last: 5.9. Sweden NIER Business and Consumer Survey (Mar). Bloomberg Consensus: 97.0. Previous 94.7. Switzerland KOF Leading Indicator (Mar). Bloomberg Consensus: 1.04. Previous 1.03. Euro area Harmonised CPI Mar (Flash): Bloomberg Consensus: Previous: +1.8%. Euro area Consumer Confidence Mar (Final). Bloomberg Consensus: -23.5 Previous: -23.5 (Flash). Canada CPI (Feb). Bloomberg Consensus: +0.7%mom. Last: 0.1%mom. Thursday 28 March Korea Current Account (Feb). Last: USD2253.6mn. China Industrial Profits Jan-Feb. Last: +5.3% yoy. Taiwan Central Bank Policy Meeting. Bloomberg Consensus 1.875%. Last: 1.875%. India Current Account Balance 4Q. Last: -US$22.3 bn. UK GFK Consumer Confidence (Mar): Bloomberg Consensus: -27.0. Previous: -26.0. Germany Unemployment (Change) (Mar). Bloomberg Consensus:-2k. Previous: -3k. Italy Business Confidence (Mar). Bloomberg Consensus: 88.0. Previous: 88.5. US GDP Q4 - third release. Bloomberg Consensus +0.5%qoqann.  Last:+0.1%qoqann. US Chicago PMI (Mar). Bloomberg Consensus: 56.5. Last: 56.8. Also of interest: Japanese retail trade (Mar), Australia Private sector credit, India fiscal deficit. Friday 29 March Japan CPI (Feb): Bloomberg Consensus: -0.7%yoy. Last: -0.3%yoy. Japan Industrial production (Feb). Bloomberg Consensus: 2.5%mom. Last: 0.3%mom. Korea Industrial Production (Feb). Bloomberg Consensus: -5.3% yoy. Last: +7.3% yoy. Thailand Exports (Feb). Last: +15.6% yoy. US Personal Income (Feb). Bloomberg Consensus: +0.9%. Last: -3.6%. US Personal Spending (Feb). Bloomberg Consensus: +0.6%. Last: +0.2%. US Core PCE Price Index (Feb). Bloomberg Consensus: +0.5%. Last: Flat. US Reuters/U. Mich Consumer Sentiment—Final (Mar). Bloomberg Consensus: 72.7. Last: 71.8 TOP ISSUES FOR THE WEEK AHEAD WAITING FOR A NEW ITALIAN GOVERNMENT President Napolitano last week officially asked Mr Bersani to attempt to form a government following the fragmented election outcome on 24 and 25 February. It is no easy task and weekend press reports are not encouraging. We expect Mr Bersani to inform President Napolitano at the end of this week of whether he believes he can be successful. The best case is that some form of compromise can be reached that will allow Italy to move ahead with a minimalist reform programme, potentially including electoral reform (although electoral reform will not be easy as each party wants something different). Should Bersani fail, which remains a very real possibility, President Napolitano is likely to put in pace a caretaker government until new elections can then be held (September seems the most likely timing). New elections, however, could very well see further fragmentation. Moreover, even if Bersani manages to form a government, the risk is that it will have a very short lifespan. MARKET ISSUES: Italy on “policy auto-pilot” seems to be the base case currently discounted by markets. As also highlighted by our Fixed Income strategists, risks to this scenario are clearly biased to the downside. NO US GOVERNMENT SHUTDOWN The risk of a US government shutdown was taken off the table with both the House and the Senate approving legislation to fund the government to the end of the fiscal year (30 September). Negotiations over the FY14 budget continue and the next key date now is 18 May when the debt ceiling is reinstated. MARKET ISSUES: Fiscal policy is likely to be off the market radar screens for now. As the debt ceiling approaches, lots of headlines can be expected but we see the risk of the US going to a technical default as very low. CROSS ATLANTIC DIVIDE TO CONTINUE Our US data guru Brian Jones has a number of above-consensus calls in what promises to be another week in the sweet spot for the US. Full details of previews can be found in our Week Ahead Calendar, but highlights include February durable goods orders at +6.0 mom, January Case-Shiller home prices at 1.29% mom and Q4 GDP at +0.7%. March sentiment surveys are expected to ease lower, but remain firmly in expansion territory. Consumer confidence is the one negative where we look for a drop to 63.5 in the Conference Board reading. Turning to the euro area, the disappointing PMI readings last week should be echoed in the EU Commission’s March Economic Sentiment Index. February M3 data, moreover, are expected to show still weak bank lending data. The next bank lending survey on 24 April will further insight on credit supply conditions. Not all is gloom and doom, however, as we expect French households to have increased spending by 0.3% mom in February, after a slump of -0.8% in January. MARKET ISSUES: Although the FOMC statement and press conference offered some further input on when asset purchases will stop, clarifying the condition of “significant improvement in the outlook for the labour market”, overall guidance remains vague. For now, the US is in the sweet spot. Hope is that US recovery will suffice to pull the euro area out of the doldrums. In our opinion, much more is  required and we expect the cross Atlantic gap to remain wide in 2013. MIXED DATA FROM ASIA Some better data out of Japan, and notably better industrial production (we look for +4.0% mom in February) should help underpin hopes that the Japanese economy is finally bottoming out. Looking over to Korea, however, we expect to see further confirmation of a soft patch in both the February industrial production data and the March sentiment indicators. MARKET ISSUES: Our forecasts suggest that the recent picture of mixed data from Asia will continue this week. Overall, however, the picture remains one of recovery albeit modest.

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19 марта 2013, 00:28

China pours cash into melting Arctic in bid to win influence

China's growing economy needs minerals and oil – and its gaze is increasingly focused northwardsAt face value, it is not one of the world's most important relationships. When Norway and China fell out two years ago over a Nobel prize awarded to a Chinese dissident, the spat had little wider resonance.But diplomatic relations are thawing as quickly as Arctic ice – and the upshot could be significant for the frigid northern wastes of the planet, which are thought to sit on formidable quantities of mineral reserves.China has been cosying up to Arctic countries as part of its effort to secure "permanent observer" status on the Arctic Council, an eight-country political body that decides regional policy. Norway was initially sniffy at the approaches because of the Nobel row, but appears to have changed its tune before a formal decision in May.Last week, the Norwegian foreign minister, Espen Barth Eide, told reporters in Oslo that he strongly supported China's application.The "argument for opening up for more observers in the Arctic Council is that they will then be a member of our club," he said, according to Norwegian media. "Then the danger of them forming their own club will be smaller.""There are not many areas where Norway is important to China at all, but the Arctic is one of them," said Leiv Lunde, director of the Fridtjof Nansen Institute in Lysaker, Norway. China, he added, was beginning to realise that its diplomatic boycott "is not good PR in sort of bolstering the positive image that China wants to bolster as an Arctic player".Currently, 80% of China's imported energy passes through the Strait of Malacca – a crowded, heavily pirated waterway that squeezes past Singapore. Yet over the past few years, melting Arctic ice, a casualty of climate change, has turned the frigid north into a viable shipping route. The newly navigable northern sea route above Russia would cut the distance between Shanghai and northern Europe by 4,000 miles, saving medium-sized bulk carriers about two weeks and £260,000 on each journey. Three years ago, no ships made the voyage. Last year, there were 46.Last August, Chinese scientists aboard a Ukrainian-built icebreaker, the Xuelong, or Snow Dragon, completed the country's first trans-Arctic ship voyage from Shanghai to Iceland. The trip's leader, Huigen Yang, told Reuters this week that Chinese shipping companies, encouraged by the ship's success, may be planning a commercial voyage along the same route as soon as this summer.Scandinavian shipping companies – long an influential force in the region's politics – are also ebullient about the development. "For the producers up north, all of a sudden they have a two-tier market to play on," said Henrik Falck, a project manager at Norway's Tschudi Shipping Company. "They can either ship their cargo to China or the far east, or they can send it to the continent as they are doing today. And the transportation cost is no longer killing the deal."Although China has never announced an official Arctic policy, some fear that its regional economic interests could have military implications. Furthermore, the US Geological Survey estimates that 30% of the world's undiscovered natural gas reserves lie above the Arctic Circle, in addition to vast deposits of oil, coal, rare earths and uranium, and experts say that China wants to get in on the ground floor."The way I see it, very minor investments for China now can warrant very big rewards in the future," said Malte Humpert, founder and executive director of the Arctic Institute in Washington DC. "It's a low risk and obvious choice."One indicator is China's recent interest in Greenland. The vast, self-governing country's parliament is considering approving a $2.3bn (£1.5bn) mining project north-east of the capital, Nuuk, which would be led by the UK-based London Mining plc but supply China with 15m tonnes of iron ore a year.The project, which may kick off this summer, would require a team of 3,000 Chinese workers, adding more than 4% to the country's population of 57,000. Some fear that it would affect Greenland's pristine natural environment, which locals rely on for hunting and fishing.Greenland's prime minister, Aleqa Hammond, who was elected last Tuesday, has promised to assuage these fears by limiting inflows of cheap labour from abroad."What could the creation of a mine and the arrival of some 3,000 Chinese workers mean to me as an inhabitant of a hamlet? What will it mean to me and my hunting grounds?" she told the Associated Press.Tiny, 320,000-population Iceland may best represent the polarity of Europe's reactions to China's Arctic aspirations. Last year, Icelandic authorities rejected a Chinese billionaire's bid to turn land in the country's barren north into a holiday resort. Some said that the development's proximity to deepwater ports could pose security risks.Yet former Chinese premier Wen Jiabao made Iceland his first stop on his European tour last spring, signing Arctic co-operation agreements with the Icelandic prime minister. China's $250m embassy in Iceland's capital, Reykjavik, can accommodate 500 personnel; in contrast the US embassy has a staff of 70.When the Snow Dragon icebreaker docked at the port of Reykjavik last August, the country's president was standing there to welcome the ship.ArcticChinaNorwayAsia PacificEuropeSea icePolar regionsJonathan Kaimanguardian.co.uk © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds

16 марта 2013, 23:59

Saxo Bank CEO: "This Is Full-Blown Socialism And I Still Can't Believe It Happened"

Authored by Lars Seier Christensen, CEO Saxo Bank; originally posted at his blog at TradingFloor.com, It is difficult to describe the weekend bailout package to Cyprus in any other way. The confiscation of 6.75 percent of small depositors' money and 9.9 percent of big depositors' funds is without precedence that I can think of in a supposedly civilised and democratic society. But maybe the European Union (EU) is no longer a civilised democracy? I heard rumours about this when I visited Limassol last week, but dismissed them as completely outlandish. And yet, here we are. The consequences are unpredictable, but we are clearly looking at a significant paradigm shift. This is a breach of fundamental property rights, dictated to a small country by foreign powers and it must make every bank depositor in Europe shiver. Although the representatives at the bailout press conference tried to present this as a one-off, they were not willing to rule out similar measures elsewhere - not that it would have mattered much as the trust is gone anyway. It is now difficult to expect any kind of limitation to what measures the Troika and EU might take when the crisis really starts to bite. If you can do this once, you can do it again. if you can confiscate 10 percent of a bank customer's money, you can confiscate 25, 50 or even 100 percent. I now believe we will see worse as the panic increases, with politicians desperately trying to keep the EUR alive. Depositors in other prospective bailout countries must be running scared - is it safe to keep money in an Italian, Spanish or Greek bank any more? I dont know, must be the answer. Is it prudent to take the risk? You decide. I fear this will lead to massive capital outflows from weak Eurozone countries, just about the last thing they need right now. Even from the EU as a whole, I suspect, as the banking union is in place in most countries already. Another open question is what will happen to the huge number of brokerages based in Cyprus? There is about 100 or more FX and other brokers currently operating under the relatively light Cypriot regulation. How will this impact the trustworthiness of these many small institutions? What IS the exact impact on the client deposits they might be holding in Cyprus? Will anyone dare to do business with them going forward? This is a major, MAJOR game changer and the fallout will be with us for a long time to come. I believe it could be the beginning of the end for the Eurozone as this is an unbelievable blow to the already challenged trust that might be left among investors. Talk about a possible own goal. Market reaction? it must be very good for gold - and for safe-haven countries like Switzerland, Singapore and economically more healthy non-Euro countries in, for example, Scandinavia. I would think the EUR and associated markets will be undermined by increasing lack of confidence when the full implications become clear for investors. This is full-blown socialism and I still cannot believe this really happened. Be careful out there...

12 марта 2013, 11:00

Delhi gang rape victim's tragic death transforms her family's life

The victim's father recalls her ambitions and final days just as family hopes of a better life finally arrive – at the highest costSoon the narrow lane with dirt floor that leads through the leaning tenements and market stalls will be a distant memory. So too will the evening ritual of spreading out a plastic sheet over a bed to turn it into a dining table. Food will no longer be prepared in a tiny kitchen crammed with spotless tin utensils. The four toothbrushes – once five – will no longer be stored in a battered plastic holder outside the washroom.Thousands of families move to better accommodation every day in Delhi. A marginally lesser number slip into greater poverty. And so India moves, incrementally but seemingly ineluctably, towards prosperity.But the move that will take these two young men and their parents from a two-room basement to a spacious "middle-income" government-built apartment with running water and continuous power is far from ordinary. Nor has it much to do with a new "India Shining". The new home is a gift from the local authorities and, in the cold language of bureaucrats, described as "compensation" for the death of the young woman, their daughter and sister, who died of injuries sustained during a brutal gang rape by six men three months ago this week.The incident prompted a global outcry, weeks of protests in India and calls for a wide-ranging legal and policing reform. It led to a fierce debate on the wave of sexual violence to women in India and the social attitudes that some say are responsible.On Monday, the principal accused in the rape case, Ram Singh, 33, was found hanged in Delhi's Tihar prison. An inquiry has been launched into what India's minister for home affairs admitted was a "serious security lapse". The victim's eldest brother, 20, said the family was disappointed the man had been able to chose the time of his own death.Singh was on trial with five others at a specially established fast-track court in Delhi and faced the death sentence.In an interview with the Guardian, the 23-year-old victim's father remembered the moment when a policeman rang him, at about 10pm on a cold December evening, to tell him there had been an "accident" and that he would find his daughter at a hospital 10 miles across the city from his home in the scruffy outlying suburb of Dwarka.A friend with a motorbike took him through Delhi's busy traffic. "She was lying on a stretcher, covered by a green blanket," he said. The family have not been identified in the Indian press due to strict local laws."I thought she was unconscious but when I laid my hand on her forehead she opened her eyes. She was crying. I told her: 'It'll be alright, beta [child]'."Hours later came bad news."I was waiting outside the operating theatre. A doctor came out. He said she would probably not last more than a few hours, certainly more than a day or so," the father said.But the girl held on much longer, twice giving a crucial statement to investigators. On 25 December, she closed her eyes for the last time."During the evening, maybe 9pm, she saw me standing outside the intensive care unit."She turned to look at me and gestured for me to come. She asked me if I had eaten. I said yes. Then she said: 'Dad, go to sleep, you must be tired.' I patted her head. She said: 'You should get some sleep.'"She took my hand and kissed it. That moment hurts me more every time I think about it. She never opened her eyes again."His daughter died days later, in a clinic in Singapore where she and the family had been flown by the Indian government for specialised treatment.Unlike many parents in India, where sons are usually favoured, the family had spared nothing for their daughter.A first son had died days after being born and the new child was so welcome "we did not care if it was a boy or a girl as long as it survived," the father said.She was born in Delhi. Her father had moved to the city from his village in a remote part of the poor, lawless northern state of Uttar Pradesh. He left, reluctantly, his patch of inherited land too small to provide for a family. "I had no choice. I had to move to the city to have a chance of a better life," he said.He worked in factories and, in recent years, as a loader at Delhi's domestic airport, working double eight-hour shifts unloading planes from places he could never visit to bring home 200 rupees (£2.50) every day.With no savings, he sold part of his land and mortgaged the rest to raise the 45,000 rupees (£600) annual fee for his daughter's training as a physiotherapist at a college in the northern city of Dehradun.The young woman worked in call centres to cover the 50,000 rupees (£660) living expenses. The family hoped that her earnings would eventually be enough to pay for the college fees of her two younger brothers and perhaps a better life.In their small home, stifling in the 45C heat of the Delhi summer, freezing in the chill winters, the young woman had a bedroom to herself, to sleep and, above all, to study.The rest of the family slept next door in the only other room. She covered a wall in notes and posters – not of Bollywood stars as many Indian teenagers would have done – but of formulae and diagrams culled from her science text books."I read somewhere that pulling yourself out of poverty means working like a horse and living like a saint. That is what I have always done. That is what my children have been taught to do. That is what my daughter did," her father said.In death, she has transformed her family's life. Not only are they moving to a new home, of a size and standard they could never have been able to afford, but three separate state governments have made payments worth £50,000. Previously, the family's entire savings never amounted to more than a the equivalent of £100. Her 18-year-old brother has been given a coveted job in a subsidiary of Indian railways.The family have not been attending the trial."What would I do if I saw them? I'd want to kill them but I am helpless," the father said. The men now facing the death penalty for the assault that took place in a moving bus and the brother said on Monday the suicide of the alleged ringleader should change nothing. A juvenile also detained for his role in the attack should be hanged, too, he added."I have faith in the government. Every citizen should trust the government of his country to see that justice is done," the father explained.He and his wife chose their new home close to where they have lived for decades and where their children grew up. Only a few days ago, they packed her clothes and books away."I console myself that she was a good soul, set free in death," he said.IndiaRapeJason Burkeguardian.co.uk © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds

05 марта 2013, 14:34

5 Best Countries to Move to Before Collapse of the West

It's been two-and-a-half years since we posted a similar article to this. In just that short time, the national average gas price has gone up from $2.86/gallon to $3.72/gallon, a 30% increase. This is our updated list of where to bug out to.Activist Post That which mathematically cannot continue will not continue. Western countries, led by the United States and Europe, are in deep economic trouble. Massive debt levels are strangling their economies, and once great nations like Greece and Spain have been reduced to third-world status with staggering unemployment levels and almost daily violent riots. Those that say it can't happen in the US are dead wrong. The value of the dollar has been slowly eroded over a century, but now that decline has accelerated and is destroying the savings of hard-working honest Americans. This erosion in dollar value is also threatening the reign of the dollar as the world reserve currency. The ramifications if it is dropped as the reserve currency should not be underestimated, especially by Americans. At this stage of the game, the dollar only has value because of its supply and demand. A tsunami of supply has been flooding the banks since the 2008 financial crisis, while the global demand is dwindling as nations like the BRICs (Brazil, Russia, India & China) have begun internal trading without dollars. Meanwhile, Western nations (NATO) are entangled in endless wars that have nothing to do with protecting their nations. The so-called war on terrorism has led to spending huge sums of tax dollars building Big Brother control grids within these countries. In turn, any sense of civil liberties or individual freedom citizens had at one time is being snuffed out for perceived security.It's been two-and-a-half years since we posted a similar article to this, 5 Best Countries to Escape America's Decline. In just that short time, the national average gas price has gone up from $2.86/gallon to $3.72/gallon, a 30% increase. Whose savings or wages went up by that amount? google_ad_client = "pub-1897954795849722"; /* 468x60, created 6/30/10 */ google_ad_slot = "8230781418"; google_ad_width = 468; google_ad_height = 60; Besides the threat from inflation, for the past two years Western governments have been operating on a "crisis management" approach, applying band-aids to a festering disease and they're running out of band-aids. In other words, it's obvious that the United States and the West more generally are headed in the wrong direction for anyone who cares about peace, liberty, and economic stability.Slave Queen 1oz. Silver MedallionSome say it's cowardly or unpatriotic to abandon a sinking ship and escape to a better setting. Some say it's important to stay and fight the corrupt system. Yet it can't be denied that collapse is coming whether it happens in slow motion or abrupt upheaval. The ship is sinking and the corrupt system will collapse with or without you as a passenger. No amount of fighting can stop its inertia. Luckily, there are some nations that still value these principles and moving to them is not nearly as difficult as you may think. It starts with making a simple decision to live by your principles and find a pleasant and accepting environment to spend your limited time on this planet. Do you want to be stuck in negativity while the system collapses around you?  Or do you want to be surrounded by joy, peace, and freedom? Some changes have been made to our previous list of desirable locations. The criteria for determining the best safe haven countries has remained: social stability, economic freedom and opportunity, freedom of self-expression, relative self-sufficiency, reasonable cost of living, ease of visas and residency, and insulation to Western collapse. Here is our updated list of the 5 best countries to move to before the West collapses:ChileWiki imageThe secret is out about the opportunities in Chile. Two of the most renowned "escape artists", the Sovereign Man Simon Black and the Dollar Vigilante Jeff Berwick, both agree that Chile is the best country to escape to. Each is developing vast expat communities in Chile (SovereignValley.com and GaltsGulchChile.com). Chile is a fully developed country with modern cities and a rich countryside with stunning views of the Andes mountains from almost any location. Wikipedia tells the whole story; "Chile is one of South America's most stable and prosperous nations, a recognized middle power and an emerging economy. It leads Latin American nations in human development, competitiveness, income per capita, globalization, state of peace, economic freedom, and low perception of corruption.  It also ranks high regionally in sustainability of the state." Chile maintains a lower cost of living than North America especially for rent and fresh food. Americans can get a tourist visa (good for 90 days) on entry to Chile for a cost of $160.  Residency requirements in Chile are relatively flexible. Escapees can qualify for a Chilean Retirement and/or Income Visa by proving an income of between $500-$1000/month. Entrepreneurs can get residency by starting a business and foreigners can easily get a visa by working for a Chilean company.UruguayWiki imageUruguay was number one on our list last time around and it's a close second this time. Uruguay, also in South America, is considered one of the freest, most libertarian countries in the world. This small peaceful country has the charm of Europe, modern infrastructure, a stable economy with agricultural self-sufficiency, world-class tourism activities, and a healthy banking system. Uruguay maintains the highest nominal GDP per capita in South America. The banking system in Uruguay still has some privacy protections (though less than in the recent past) and attracts many foreign investors including slews of Argentinians who are escaping their current inflation crises. While personal use of all drugs is already decriminalized in Uruguay, it is set to become the first nation to officially legalize cannabis. Finally, Uruguay is striving for energy independence through renewable sources by 2015 which adds to its overall stability.Living costs are much lower than the United States, especially for rent, health care and food. Americans can buy real estate and own businesses, and they have a free automatic 90-day visa to explore Uruguay. For residency, expats only need to have a proof-of-income of $500/mth to qualify.ThailandThailand is a beautiful peaceful country with a rich Buddhist culture, an excellent climate, and has the lowest cost of living on this list. Thailand is technically a kingdom with harsh laws against speaking ill of the royal family, yet there's a significant amount of personal freedom on the ground due to the country's organized chaos. Food and trinket kiosks, taxis and most small businesses are regulated by the word-of-mouth free market as opposed to government restrictions. This newly industrialized country is welcoming to Western expats who can enjoy a high level of modern comfort for much cheaper than almost anywhere else in the world with great food and $10 massages. Thailand also has world-class health care for pennies on the dollar compared to America. The beach town of Phuket, the comfortable city of Chiang Mai and small towns like Pai have become very popular with expats. Thailand is a great central hub to explore the rest of Southeast Asia. Foreigners cannot technically buy property in Thailand, but they can buy condos through contracts that act similar to 50-year renewable leases. Americans are given a 30-day tourist visa upon arrival and it's easy to get extended visas for a small fee. Retirees can get residency by proving around $2000/mth income only after they stay on extended visas for a couple of years. MalaysiaPetronas Towers, Kuala LumpurMalaysia is the most developed country in Southeast Asia besides the city-state of Singapore. Malaysia has a booming economy, a well-educated population, excellent infrastructure, fantastic public transportation, and nearly everyone speaks English. It's capital, Kuala Lumpur, is one of the most affordable and cleanest modern cities in the world. Wikipedia says Malaysia has "one of the best economic records in Asia" which is "relatively open state-oriented" but with the state having a "declining role in guiding economic activity".  Malaysia has had a self-sufficient economy well before their tourism explosion in recent years. Now it is one of the most optimistic countries to be in.  Malaysia is a melting pot of cultures and religions living in complete harmony with each other and offering diverse foods and festivals. Forbes named Malaysia the 3rd best country in the world to retire in 2013. The cost of living is not quite as low as Thailand, but significantly cheaper that North America, Europe, or neighboring Singapore. Fully-furnished 3BR apartments in Penang (highly desirable area) are around $650/mth. Foreigners can open bank accounts easily with just a passport and proof of a local address, they can own property (a rarity in the region) and run a business.  Free 90-day visas are given on arrival and they aren't too strict about quick border runs to renew them. Residency can be gotten through starting a business, getting a job, or showing a bank deposit of $50,000 for retirees.MexicoWiki imageYes, Mexico. Not Ecuador, Costa Rica, or Panama like everyone else would say (although those deserve honorable mention). Panama uses the US dollar, Costa Rica's bureaucracy can't get out of its own way the last few years, and Ecuador is politically unstable and cheap for a reason. Mexico has gotten a lot of horrible press because of violence from the war on drugs, but that typically occurs in isolated areas and will begin to simmer down from the growing liberation of marijuana north of the border. Mexico is a large country with many stable attractive places for expats to live peacefully and ride out any economic storm comfortably. Mexico is an economic powerhouse and, although they rely heavily on trade with North America, they maintain a high level of food and energy self-sufficiency and have a much freer economy than the US. Also, Mexico's national debt is about 43% of its GDP compared to America's 106% debt-to-GDP.  Healthcare is an entirely free-market system with both public and private options for a fraction of US prices but with similar high-quality care. Mexico's cost of living is significantly lower than North America with average rents being around $500 for a 3BR house. Americans are given 180-day (6-month) visas on arrival and can easily get extended rentista visas with proof of monthly income of $1,000 for an individual and $500 for each dependent. Tell us what countries you think are the best safe haven nations and why...Read other articles by Activist Post HereFREE Copy of the American Expat Guide var linkwithin_site_id = 557381; linkwithin_text='Related Articles:' Enter Your Email To Receive Our Newsletter Close var fnames = new Array();var ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';var err_style = ''; try{ err_style = mc_custom_error_style; } catch(e){ err_style = 'margin: 1em 0 0 0; padding: 1em 0.5em 0.5em 0.5em; background: FFEEEE none repeat scroll 0% 0%; font- weight: bold; float: left; z-index: 1; width: 80%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz- initial; -moz-background-inline-policy: -moz-initial; color: FF0000;'; } var mce_jQuery = jQuery.noConflict(); mce_jQuery(document).ready( function($) { var options = { errorClass: 'mce_inline_error', errorElement: 'div', errorStyle: err_style, onkeyup: function(){}, onfocusout:function(){}, onblur:function(){} }; var mce_validator = mce_jQuery("#mc-embedded-subscribe-form").validate(options); options = { url: 'http://activistpost.us1.list-manage.com/subscribe/post-json? u=3ac8bebe085f73ea3503bbda3&id=b0c7fb76bd&c=?', type: 'GET', dataType: 'json', contentType: "application/json; charset=utf-8", beforeSubmit: function(){ mce_jQuery('#mce_tmp_error_msg').remove(); mce_jQuery('.datefield','#mc_embed_signup').each( function(){ var txt = 'filled'; var fields = new Array(); var i = 0; mce_jQuery(':text', this).each( function(){ fields[i] = this; i++; }); mce_jQuery(':hidden', this).each( function(){ if ( fields[0].value=='MM' && fields[1].value=='DD' && fields[2].value=='YYYY' ){ this.value = ''; } else if ( fields[0].value=='' && fields [1].value=='' && fields[2].value=='' ){ this.value = ''; } else { this.value = fields[0].value+'/'+fields[1].value+'/'+fields[2].value; } }); }); return mce_validator.form(); }, success: mce_success_cb }; mce_jQuery('#mc-embedded-subscribe-form').ajaxForm(options); }); function mce_success_cb(resp){ mce_jQuery('#mce-success-response').hide(); mce_jQuery('#mce-error-response').hide(); if (resp.result=="success"){ mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(resp.msg); mce_jQuery('#mc-embedded-subscribe-form').each(function(){ this.reset(); }); } else { var index = -1; var msg; try { var parts = resp.msg.split(' - ',2); if (parts[1]==undefined){ msg = resp.msg; } else { i = parseInt(parts[0]); if (i.toString() == parts[0]){ index = parts[0]; msg = parts[1]; } else { index = -1; msg = resp.msg; } } } catch(e){ index = -1; msg = resp.msg; } try{ if (index== -1){ mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(msg); } else { err_id = 'mce_tmp_error_msg'; html = ' '+msg+''; var input_id = '#mc_embed_signup'; var f = mce_jQuery(input_id); if (ftypes[index]=='address'){ input_id = '#mce-'+fnames[index]+'-addr1'; f = mce_jQuery(input_id).parent().parent().get(0); } else if (ftypes[index]=='date'){ input_id = '#mce-'+fnames[index]+'-month'; f = mce_jQuery(input_id).parent().parent().get(0); } else { input_id = '#mce-'+fnames[index]; f = mce_jQuery().parent(input_id).get(0); } if (f){ mce_jQuery(f).append(html); mce_jQuery(input_id).focus(); } else { mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(msg); } } } catch(e){ mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(msg); } } } BE THE CHANGE! 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