Keppel Land in DEEP SHIT?!

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Oct 25, 2008
</TR><!-- headline one : start --><TR>Vietnam inflation at 26.7% <!--10 min-->
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>




<!-- START OF : div id="storytext"-->HANOI - VIETNAM'S consumer prices rose by 26.7 per cent in Octagainst the same month last year, the state-run General Statistics Office (GSO) said in inflation data released on Saturday.
The figure was lower than the year-on-year inflation rate of 27.9 per cent reported in Sept, and consumer prices also dropped by 0.2 per cent month-to-month, the first such decline in two and a half years.
The monthly fall comes amid lower world commodity and energy prices, domestic fuel price cuts and Vietnamese banks tightening credit.
Since the start of the year, Vietnam's consumer price index has risen by 21.6 per cent, said the GSO. Prime Minister Nguyen Tan Dung last week forecast that the annual inflation rate for 2008 would be 24 per cent.
The GSO said that year-on-year food prices were up by 40.6 per cent in Oct, but down by 0.4 per cent against Sept.
Prices for housing and construction materials increased by 22.8 per cent year-on-year and declined by 1.1 per cent month-to month.
Beverage and tobacco prices were up by 13.3 per cent compared to Oct 2007 but down by 0.7 per cent compared to last month. Vietnam, after more than a decade of rapid economic growth, has struggled to contain double-digit inflation this year, which hit a record 28.3 per cent in Aug, through a policy of fiscal and monetary tightening. -- AFP

 

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Oct 25, 2008
</TR><!-- headline one : start --><TR>KCB bank to seek state aid <!--10 min-->
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>




<!-- START OF : div id="storytext"-->
BRUSSELS - BELGIAN bank KBC, whose shares have fallen heavily in recent weeks, is seeking 3.5 billion euros (S$6.7 billion) from the state to recapitalise before Monday, the daily Le Soir reported on Saturday.
'KBC has sought support from the Belgian state for recapitalisation which the banking and insurance group put at 3.5 billion euros, a deal which it hopes to clinch this weekend before markets reopen on Monday,' the paper said, quoting reliable sources.
All the Belgian press on Saturday reported the woes of KBC, the only major bank in the kingdom not to have turned to the state or foreign establishments for help in the financial crisis.
On Friday, KBC issued a statement saying it had a 'solid capital base and deposits' but also indicating that it did not rule out seeking guarantees from the state to bolster its competitiveness. According to the press, talks on the recapitalisation would likely continue throughout the weekend. -- AFP

 

[DIVISION1]

The shipyards of Keppel are as solid as the land that Keppel place faith in!

 

[makapaaa]

The shipyards of Keppel are as solid as the land that Keppel place faith in!

Scrap metal is also solid.