• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Chitchat She asked me why I went drinking again

Picture of the Day

Laugh until peng when FernvaleDK captioned the cover of our local newspapers today in groupchat

ZB_14_12_2016_CJ_01_33796133_33796034_liyang_tanlhk.jpg


Malaysian signatory person: I am DK. Your one so small.
 
Celebration: Outdoor Beer before lunch with ShentonDK cos his share prices surged today.

0c6740424b.jpg
 
[video=youtube;oGV1WHEu9g4]https://www.youtube.com/watch?v=oGV1WHEu9g4[/video]


每次到了夜深人静的时候 我总是睡不着
In the silent night, I am always unable to sleep

我怀疑 是不是只有我的明天 没有变得更好
I ponder, is it just me, that my tomorrow is not better than today.
 
Thank you Rusty bro for giving AsiaDK his first repute points in this forum.

Thank you.
 
Drinking with ShentonDK tonight.

He said some financial institutions in Southeast Asia briefly ran out of USD in the last two days. Some incoming USD remittance (meant for their clients) have to be held in their banks' capital reserves/settlement account over this weekend and wait till next Tuesday (after US Monday hours) before being released into their clients account.

In short, the money came but the banks kapoo it to ease their USD shortage over the weekend. When customers called the banks, they give various nonsense to blame here and there (e.g. Compliance delays, etc)

Sounds like a real prelude of another Asian Financial Crisis like 1997. You will be shocked if I tell you that this hiccup affected the bigger banks in Southeast Asia, not the smaller ones. Short-term mess expected, watch SOR for more clues.
 
Drinking with ShentonDK tonight.

He said some financial institutions in Southeast Asia briefly ran out of USD in the last two days. Some incoming USD remittance (meant for their clients) have to be held in their banks' capital reserves/settlement account over this weekend and wait till next Tuesday (after US Monday hours) before being released into their clients account.

In short, the money came but the banks kapoo it to ease their USD shortage over the weekend. When customers called the banks, they give various nonsense to blame here and there (e.g. Compliance delays, etc)

Sounds like a real prelude of another Asian Financial Crisis like 1997. You will be shocked if I tell you that this hiccup affected the bigger banks in Southeast Asia, not the smaller ones. Short-term mess expected, watch SOR for more clues.

published a few hours after i reached home. Looks like ShentonDK is right.
http://www.zerohedge.com/news/2016-12-16/central-banker-sees-scary-2017
 
Stupid AMDK always like Tiger Beer with local food. Why do i think that it tastes too sharp? I am Singaporean yet I don't like Tiger.

w162pf.jpg


While we were drinking with ShentonDK last night, AMDK reaffirmed that Trump is going to make US very great when he takes over. He speculated that if F-35 project is halted, there will not be retrenchment. Lockheed will reach some agreement with Trump and being a shrewd businessman, Trump will eventually export F-22 to the world and clock trillions in sales in the years ahead. :rolleyes:
 
Beer goggles. Illusion with morning after, like what the cat dragged in sans makeup :eek:
 
published a few hours after i reached home. Looks like ShentonDK is right.
http://www.zerohedge.com/news/2016-12-16/central-banker-sees-scary-2017

Update for this week: As expected, there are minor settlement disruptions in sg offices of a bank and major moneychanger. The local bank withheld some customers' incoming funds and not released into client's account citing compliance issue; actual reason being temporary USD shortage in Southeast Asia. A major local moneychanger got affected by this bank and postponed fund settlement with their customers by an additional day. Stay tuned!
 
Update for this week: As expected, there are minor settlement disruptions in sg offices of a bank and major moneychanger. The local bank withheld some customers' incoming funds and not released into client's account citing compliance issue; actual reason being temporary USD shortage in Southeast Asia. A major local moneychanger got affected by this bank and postponed fund settlement with their customers by an additional day. Stay tuned!

USD Shortage is over in southeast Asia after US resumes settlement for remittance last night. However, some China businesses had difficulty remitting to Southeast Asia on the first two days of this week. It is certain that the funds did not leave china as the China banks can't produce a MT103 form to proof remittance.

Not sure if these incidents are related.
 
[video=youtube;XYD5C9MCai4]https://www.youtube.com/watch?v=XYD5C9MCai4[/video]

明知自己无酒量 
Knowing that I can't hold my liquor well

偏偏饮甲这呢凶
Yet, I just keep on drinking

因为我有满腹 心事无块讲 
Only to drown the sorrows in my heart

才来酒国做英雄
Finding my worth in the realm of alcohol
 
USD Shortage is over in southeast Asia after US resumes settlement for remittance last night. However, some China businesses had difficulty remitting to Southeast Asia on the first two days of this week. It is certain that the funds did not leave china as the China banks can't produce a MT103 form to proof remittance.

Not sure if these incidents are related.

Similar news came out at noon from Reuters today.

China's money markets battle dual deficits of cash and trust http://www.reuters.com/article/us-china-moneymarket-analysis-idUSKBN14A07W

Quote - "The market is short of money. People are rushing to sell everything to get liquidity, from money market funds to corporate bonds to treasuries," said Gu Weiyong, chief investment officer at bond-focused hedge fund manager Ucom Investment Co. "It's a turning point from bull to bear."
 
Just came back from my SOLE Christmas drinks. Ya, this is my only Christmas celebrations this year. Hahaha, recession mode.

Come across a not-close banking ScholarDK friend who left PMO for banking career with AMDK bank.

He was sharing with us that reports are coming in, that two of the Top-4 largest bank in China have insufficient funds with US agent banks for all of their citizen/corporations' outward remittances this week. As a result, some receipents from different parts of the the world can't receive USD payments from their Chinese counterparts due to the disruption. :*:
 
Drinking with ShentonDK tonight.

He said some financial institutions in Southeast Asia briefly ran out of USD in the last two days. Some incoming USD remittance (meant for their clients) have to be held in their banks' capital reserves/settlement account over this weekend and wait till next Tuesday (after US Monday hours) before being released into their clients account.

In short, the money came but the banks kapoo it to ease their USD shortage over the weekend. When customers called the banks, they give various nonsense to blame here and there (e.g. Compliance delays, etc)

Sounds like a real prelude of another Asian Financial Crisis like 1997. You will be shocked if I tell you that this hiccup affected the bigger banks in Southeast Asia, not the smaller ones. Short-term mess expected, watch SOR for more clues.

MAS holding large reserves of USD, as well as all stat boards like HDB, Stomachsick, etc. Just round up half a dozen AMDK local bankers and go to Ravi's office and ask him to exchange with them lah. Ravi will say yes.
 
hahaha, brother, don't stress over this if you can't make up your mind. Come join me now

good cheese & salad, $8 Riesling and cougars near my table

p1220748-900x675.jpg


o.jpg


Wah lau, like that $39? So ex? forget about it.
 
Back
Top