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A$1 = S$1 soon, say Aussie bank execs

Runifyouhaveto

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The weakening Australian dollar is set to hit parity with the Singapore dollar over the next six or 12 months, according to experts at a top bank in Australia.

That is a big fall from its strongest level of 1.34 to the Singdollar back in early 2012.

Mr Ivan Colhoun, chief economist for markets at National Australia Bank (NAB), said the slide in the Aussie dollar has been driven by falling commodity prices and a stronger US dollar.
http://business.asiaone.com/news/a1-s1-soon-say-aussie-bank-execs
 
Easier for RUN going to send his kids there, life too crazy here + NS.

Which suburb or city is more peaceful for Asian kids?
 
i agree with you that AUD is going down but i doubt it will hit 1 = 1


here is the monetary policy minutes released this morning-


RBA: From Minutes of June 2 board meeting:
-STANCE OF MONETARY POLICY SHOULD BE ACCOMMODATIVE
-TO ASSESS INFO ON ECON, FINANCL CONDITIONS AS AVAILABLE
-DATA TO INFORM IF CURR STANCE PROMOTE SUSTAINABLE GROWTH
-AUD OFFERING LESS ASSISTANCE THAN NEEDED IN REBALANCING
-FURTHER AUD FALL LIKELY,NECESSARY GIVEN COMM PRICE FALL
-INFLA PRESSURE WELL CONTAINED,LIKELY TO REMAIN SO AHEAD
-FEDERAL BUDGET LITTLE DIFFERENT FRM ASSUMED IN MAY POLICY
-STATES,TERRITORIES BUDGET IMP TO GAUGE FISC CONSOLIDATION
-LOWER AUD WLD HV IMMEDIATE BENEFIT ON SOME NONMINING BIZ
-NEED SUSTAINED LOWER AUD FOR BIG EFFECT ON OTHER INVEST
-ABS DATA IMPLIED FALL 2015-16 NONMINING INVEST INTENTION
 
HuatAh! Sell your HDB pigeon holes and buy a landed property in Australia! Get a free PR while you are at it!
 
i have been following on the migraton rulings of australia for few years already, they are tightening up, unless you are high net worth individual from china willing to invest a few million. but they are looking for IT professionals, apparently, they still lack of it. i may be visiting again in july. or i may go to NZ, Auckland and be boss sam's dear neighbour.:p


Brother Dshoes, 1.04 now

If Australia sells their citizenship, RUN will buy.
 
HuatAh! Sell your HDB pigeon holes and buy a landed property in Australia! Get a free PR while you are at it!

PR is good enough for RUN
kids can enjoy cheaper uni education being PRs and move on to get citizenship
 
i have been following on the migraton rulings of australia for few years already, they are tightening up, unless you are high net worth individual from china willing to invest a few million. but they are looking for IT professionals, apparently, they still lack of it. i may be visiting again in july. or i may go to NZ, Auckland and be boss sam's dear neighbour.:p

i dun have that kind of money.

july is too cold in australia, please delay until oct
 
i like winter, when i was younger, i studied in Scotland. i missed those days when come winter, you can take out your winter clothes to wear.


i dun have that kind of money.

july is too cold in australia, please delay until oct
 
i like winter, when i was younger, i studied in Scotland. i missed those days when come winter, you can take out your winter clothes to wear.

good brother
then u should retire in Adelaide, affordable peaceful kampung with lots of uni chicks and delicious seafood
 
actually australia is a pretty damn big country isnt it?like 8,000,000 sqkm2. australia is actually sparsely build and developed,most of their cities is near the coast of the continent,90 percent of it is just emptiness and outback.

why cant the aussies give us a tiny piece of land for poor sinkies to start another colony?im ready to become australian already.
 
http://www.smh.com.au/federal-polit...t-warns-of-skills-demand-20150615-ghoi0u.html


Australia will need an extra 100,000 information and communications technology workers by the end of the decade


Australia will need an extra 100,000 information and communications technology workers by the end of the decade, but the sector suffers an "image problem" that could be hampering its ability to attract high achievers, a report has found.

The finding comes as a leading economic think tank estimates 40 per cent of jobs are at high risk of being wiped out in the next 15 years by computers and other machines. Health and mining jobs will be among those hardest hit.

The Deloitte Access Economics report, to be launched by Communications Minister Malcolm Turnbull on Tuesday, predicts the demand for workers with ICT skills will boom over coming years. However, the number of students enrolled in information technology courses remains significantly below that of the early 2000s.
Television programs such as The IT Crowd – whose main characters are socially inept computer technicians working in a dingy basement – portray the sector negatively while other professions such as law, finance and medicine are usually glorified in popular culture, the report says.

"This could be contributing to the industry's image problem among younger generations in particular," says the report, Australia's Digital Pulse, commissioned by the Australian Computer Society.

Deloitte Access Economics director John O'Mahony warns that Australia faces a "serious problem" if an ICT skills shortage develops.

Digital technologies contributed $79 billion to the Australian economy in 2013-14, up from $50 billion in 2011.

The report finds Australian schools lag behind in the use of digital technologies and calls for improved teacher training and a fast-tracked endorsement of the national technologies curriculum.

Employment in the ICT sector is expected to grow by 2.5 per cent per year until 2020, higher than the economy as a whole at 1.6 per cent. This equates to an increase from 600,000 workers today to 700,000 by the end of the decade.

More than 10,000 temporary skilled visas have been granted to ICT workers over recent years, including for key technical skills such as software development and programming.

A separate report, to be released by the Committee for Economic Development of Australia on Tuesday, finds 39.6 per cent of Australian jobs are at high risk of being replaced by machines within 15 years.

The report, Australia's future workforce?, finds well-paid, skilled jobs will be among those most affected.

Most mines will operate with a third fewer workers in the next decade, with less demand for geologists and surveyors.

Algorithms will also replace many jobs in fields revolving around customer engagement such as legal clerks, market research and sales.

Meanwhile, machines will wipe out some health jobs through increased automation in diagnostics, robotics assisting in surgery and machines dispensing medicines.

"Jobs in administration and sales (and many service areas) will disappear, while jobs in the technical professions and personal services will remain," the report finds. "Second, many of those jobs remaining are characterised by non-routine thinking and especially high levels of originality and creativity."

The report finds regions with a high dependence on mining, such as Western Australia and Queensland, will be hardest hit by digital disruption.
 
never been there but i will go there if i can tankup an angmo charbor, cold cold weather good to hug hug...:D

good brother
then u should retire in Adelaide, affordable peaceful kampung with lots of uni chicks and delicious seafood
 
http://www.smh.com.au/federal-polit...t-warns-of-skills-demand-20150615-ghoi0u.html


Australia will need an extra 100,000 information and communications technology workers by the end of the decade


Australia will need an extra 100,000 information and communications technology workers by the end of the decade, but the sector suffers an "image problem" that could be hampering its ability to attract high achievers, a report has found.

Namaste.

No problem. Indians are renown for IT skills. India can supply 100,000, not enough 300,000 also can. Best of all many can actually come from Singapore with Singapore passports. Namaste.
 
Namaste.

No problem. Indians are renown for IT skills. India can supply 100,000, not enough 300,000 also can. Best of all many can actually come from Singapore with Singapore passports. Namaste.

Already a lot of ah nehs in aust. Every train carriage sure carries at least 1.
Thanks to the ah nehs here, I get to eat my expensive Briyani almost everywhere.
 
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