Wooing the super-rich (from BT)
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Sorry, telling facts doesnt need ideas. All you need to do is to think with a logical mind. I am unlike you,Originally posted by Atobe:After only one post above, you seem to have regained your memory.
You must be running out of ideas, and not even making any more efforts with some creative silly replies.
Like the dying salmon, after a bruising swim upstream, the final hours are tiring and taxxing on the brain.
1) You claim that Singaporeans will not benefit from the IRs
2) You claim that the whole objective of IRs is for the government to collect gaming taxes.
3) Just because we have F1, Singapore economy to will become Monaco.
4) Just because Badawi visit Singapore, you claim that is the reason why genting won the IR bid
5) You are comparing the rich people attracted to singapore to Singaporeans going to JB to buy cheap grocery and food.
6) You claim that Mcdonald market strategy is to get kids addicted to their burger and fries and they will eat till they die.
7) You claim that MICE activities in Singapore will not benefit Singaporeans.
You claim that when visitor comes Singapore, they will only do 2 things. spend money at Marina Bay Sands and RWS -
Originally posted by Atobe:
1) I suspect that you are a student at the UOBS, University of Bull Shit.
Did you study anything at any University ?
I have not even begun to 'bored' you with any big drill gun, which would surely keep you kicking considering your masochist mentality in prolonging your own suffering.
If you have studied at any University, surely you would have realised the power of advertisement, and the conditioning of perceptive young minds to cognitive behavior ?
Bullsh*t - it seems that you have become such an expert at it, that you will spout the words that overflow from yourself.
The MacDonald analogy, which you have validated, confirms the fact that the children will influence their parents plans; and the Integrated Resorts will only serve the Gaming Industry to pull in the Adult Crowd that otherwise will stay away from the Gaming Facilities. The [b]''Push-Pull'' effect can only benefit the Gaming Industry, whose expertise and main profit centers remain with the Casino more than the other facilities in the IR format.
For the political consumption of Singaporeans, the other facilities planned as an Integrated Resort to a Casino, is to make the change in political principle less hypocritical after 45 years of stoic resistance.
The fact remains that both LV Sands and Genting Group makes more money from the Gaming Industry than the other facilities and programs that are planned, and which will be ''INCIDENTAL'' and a ''SIDE-SHOW'' to the Main Gaming Event.
If the 'Side Show' must exist in order to get the Gaming License, any Gaming Industry Entrepreneur will gladly accede to this condition, how can he loose with such a proposal when it will add to the attraction of the Casino ?
What experience has Genting to bring in - even with Universal Studio participation but without their investment ?
If not for Badawi's informal visit a few months before the decison was made, do you think Genting will get it ?
Does Badawi need to put pressure on LHL ? Do you think pressure will work under such circumstances - unlike the sand pressure that Indonesia was able to apply onto Singapore ?
Judging from the mature and patient ways that Badawi has approached the Malaysia-Singapore relationship - that is in total contrast to Mahathir - we should be prepared for a 'New Bridge' that will exist either in place or alongside the present Causeway.
Badawi has shown tremendous patience with Singapore - even when LKY made his petulant apology in 2006 - for his remarks about the manner in which Singapore has to stand up against our neighbors who are accustomed to treating their Chinese population with less deference.
If you need to prove me wrong, try subscribing to the Straits Times, and dig up from their 2006 news archive to obtain a copy of the news report of Badawi's visit to Singapore during the first half of 2006.
For one who claims to have been through University, you seem to be easily bored, and also reveal a boring streak in your analytical abilities.
Gazelles are supposed to be sharp and alert, and danger will fall on Gazelles when they are easily bored, as it will fall into inattentiveness to danger.
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2) Contrary to what you are saying, Universal Studio will be a good excuse for the parents for bring the kids to Singapore because tons of survey have shown the kids find Singapore boring. And if you said kids could influence parents decision, then why didnt you think of that a advantage to Singapore?
3) Earlier you mention PM Badawi visiting singapore a few months after they awarded the IR to Genting, and now you are saying it was before. If my memory served me right, PM Badawi didnt visit Singapore during that time. Could you proof me wrong on that? Btw, did you know when the annoucement of the Sentosa IR was made? I suspected you might be confused with Marina IR which Genting has participated but lost. Any theory on that?
Stop wasting time with all you BS on Badawi visit to Singapore. To me thats all crap. -
And doesnt that benefit Singapore?Originally posted by Atobe:With all expense paid by their respective governments, do you think they will not bring their spouse ? -
There 16,000 delegates and observers for the IMF meeting and during my 30mins at Adams Road, I already saw 3 of them accompanied by Singaporeans.Originally posted by Atobe:You happen to see a few IMF delegates - out of the 1000 over delegates, how few is your number that you happen to see ?
Probably all foreigners that happened to be in Singapore during that period, will be considered to be IMF delegates - especially by one who easily go gagagoogoo over the most mundane of personalities.
Yes, I believe you that these Big Bankers and High Government Officials will visit Adam Road Hawker Centers just to eat Prawn Noodle, all dressed in suits, when free meal is provided in air conditioned comfort at Suntec; and almost everyday is an all day program through lunch and dinners.
All I need to do here is to proof to you that you theory of Singaporeans doenst benefit from such event are BS. I repeat BS with a capital B.
And yes, they were all wearing suits. you must be a damn bloody shallow minded person to be surprised isnt it?
So I presume you are you indirectly saying that the hawkers and their food at Adam Road are not qualified for these delegates? I wont be surprise that it is the organiser idea to bring them to taste local food so that they know what this country is all about. -
Because dumb people like you who says that such highprofile event doesnt benefit singaporeasn deserve a dumb question like this.Originally posted by Atobe:Are you dumb enough to ask these questions, and you are supposed to be tertiary educated ? Surely, NUS and NTU could not have contributed to your dubious brilliant standards ? -
1) If you are driving, can I know who long will it takes you to drive from the bottom of the hill to the top of Genting Highland.Originally posted by Atobe:Genting Highlands is only 1 hour from KL, and it is highway all the way, with fresh country air.
From Sentosa across to the Main Singapore Island, and by public transport will easily also take 1 hour by public transport - including waiting time; and if by private or rental vehicle, you will have to pay the prohibitive vehicular and human entry fee to Sentosa Island, each time you wander in and out.
If you are a stranger in Singapore, is there any bright lights or crowded streets as in Akasaka or Ginza Districts in Tokyo, or Tsim Sa Sui in Hongkong, or Times Square in New York City ?
One shopping mall is like any other shopping mall, do you think that a visitor to Singapore will spend less time at the Integrated Resorts and more time wandering around Singapore ?
Those Singaporeans who have been to the USA, are rushed through cities on a package tour, and hardly even bother to spend free time to explore on their own once entering a hotel.
By the same token of experience, those who make it to visit the IR in Singapore without families in tow, are here for the gaming.
While those who visit the Singapore IR facilities with family in tow, will probably be bugged by their kids to remain at the IR instead of wasting time exploring Singapore.
2) Genting to KL might be only 51km, but you are making the assumption that you are driving on a day that is without traffic jams.
3) I didnt know that it takes 1 hour to cross that bridge that connect Sentosa to Singapore. Are you sugar coating the KL infrastructure and shi.t coating Singapore's transport system?
Again, nothing but a bunch of BS. -
1) The hotel buildings are mostly own by listed companies such as e.g M&C HPL, CDL hospitality trust etc. They are not private. And these hotel are manage by hotel chain such as Hilton Hyatt Ritz etc, and again most are listed.Originally posted by Atobe:Who owns the hotels ?
Besides the Raffles Group of Hotels, the remaining hotels (5-Stars, and lesser) are all owned by Private Individuals or Family Enterprises.
Do the hotel workers get extra wage or bonuses as a consequence of the spike in occupancy from the World Bank-IMF meet in Singapore ?
2) Raffles Hotel has already been sold to private equity firm. Are you aware of that? Is that consider private as well?
3) many of the hotel staffs will get generous tips from these foreign delegate who are used to giving such gratitute for their services, plus there will be shortage of staffs and many will have to work on their off day and get paid extra of their effort and contribution. The supporting companies, such as those provide laundry services, food, flower supplies will all benefits from such events.
are you going to ask me who own the laundry business?
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This is not what Singapore government says, that is a facts. You want proof? Just look at the no. of cities in the world queuing to get a chance to host F1? And look at the amount of money they are willing to pay for hosting F1.Originally posted by Atobe:Full marks for paying attention to what the Government has said - and with such diligence.
Beyond those superficial remarks, have you no more deeper thoughts on the social implications and social costs to Singaporeans ?
Regurgitating words is easy, but having a more critical and analytical mind requires development on a personal basis that is far more than the university education can perform.
And that is also true for Olympic and World Cup or any major sports events that have high viewership. You mean you have no clue why EPL can afford to pay 150,000 pound per week to some of their players?
Sure, by sitting on your arse and pretent to be a super hero behind your computer, you must have contributed alot to this country by addressing the problem singapore is facing. bravo!!
Or, are you just a student living abroad wasting your time money at the expense of hardworking parents in Singapore. -
Seriously, I didn't know how you arrive at this statement. I was just asking Atobe, does transit passengers count as arrivals. And you came up with this statement. You are really something.Originally posted by Gazelle:I didnt know that transit passengers at Changi airport will create a shortage of hotel rooms in Singapore. bravo!! -
Thats before someone give sarcastic remarks of singapore using all sort of numbers to be no. 1. What do you think he was implying?Originally posted by maurizio13:Seriously, I didn't know how you arrive at this statement. I was just asking Atobe does transit passengers count as arrivals. And you came up with this statement. You are really something. -
Atobe's earlier post did not mention a slump in retail business for the whole of Singapore, he/she said that there was a slump in sales for the Suntec retailers. You tend to state things that were never a part of the original statement.Originally posted by Gazelle:Would you mind explaning why during the IMF meeting in Sep06, which is the last month of Q3 2006, there is a surge in both retails and hotel & restaurant industry? I thought your survey has indicated that during the IMF meeting there was a slump in retail business?
Do you have any statistic to support your arguement that beside Singapore INC, no one else benefit from such highprofile MICE activities?
http://www.singstat.gov.sg/keystats/mqstats/ess/aesa11.pdf
Atobe's original statement:
The Government had high hopes that the 2006 World Bank and IMF meeting in Singapore will inject some vitality to the local retail business. Unfortunately, the shop keepers at Suntec City were the immediate and biggest casualty, with their revenue reduced by more then half.
Just estimated the trend line of hotel sales and isolated the seasonal factor.
Just estimated the trend line of retail sales and isolated the seasonal factor.
Just in case you need help understanding.
Regression Analysis -
hahahaha...
I am a super poor.. -
Is that any particular reasons why you are using 2000 price and not current market price to go you calculation?
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Hahaha.......Originally posted by Gazelle:Is that any particular reasons why you are using 2000 price and not current market price to go you calculation?
You are very funny.
I don't know how to do leh, maybe you show me since you suggested it.
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Since you have already taken the trouble to go that far in prepare the tables, formula and picture files, i am sure it shouldnt take too long for your substitute those number with what is reflect in page 1 isnt it? unless you have hiden agenda on why you are not doing that?Originally posted by maurizio13:Hahaha.......
You are very funny.
I don't know how to do leh, maybe you show me since you suggested it. -
I think your lumpar stuck in your throat, you have nothing else logical to say, that's why you ended up saying dumb things.Originally posted by Gazelle:Since you have already taken the trouble to go that far in prepare the tables, formula and picture files, i am sure it shouldnt take too long for your substitute those number with what is reflect in page 1 isnt it? unless you have hiden agenda on why you are not doing that?
Btw, how you know I use 2000 price and not current price?
OK. I entertain your request. You tell me how to adjust, because I really don't know how to. -
Read his arguments at trying to make a case at Singapore's IR's being the "most expensive" in the world - especially how USD3.6 billion transcends USD4 billion. Now, that really is something...Originally posted by maurizio13:Seriously, I didn't know how you arrive at this statement. I was just asking Atobe, does transit passengers count as arrivals. And you came up with this statement. You are really something. -
Originally posted by walesa:
Yah, earlier on, Atobe was telling him that the retail business in Suntec was affected by the IMF conference, he came to the conclusion that the whole of the Singapore retail sector was affected.
Read his arguments at trying to make a case at Singapore's IR's being the "most expensive" in the world - especially how USD3.6 billion transcends USD4 billion. Now, [b]that really is something... [/b] -
Originally posted by walesa:
actually you have been bugging me for awhile, I am just wonder if you could quote my post in which I mentioned that USD3.6 is more than US$4b.
Read his arguments at trying to make a case at Singapore's IR's being the "most expensive" in the world - especially how USD3.6 billion transcends USD4 billion. Now, [b]that really is something... [/b]
And btw, why are you still mentioned about the 4b? I thought that is already a mistake which have you no choice but to admit it? -
instead of trying to put words into my mouth, I would appreciate if you could quote me for saying what you are saying.Originally posted by maurizio13:Yah, earlier on, Atobe was telling him that the retail business in Suntec was affected by the IMF conference, he came to the conclusion that the whole of the Singapore retail sector was affected. -
because you didnt realise that the PDF file which you extract your numbers from has 2 pages. page 1 is 2006 price while page 2 is 2000 price. Hence if you try to use 2000 numbers to determine the outcome of 2006, dont you think that you actually lack a variable that connect 2000 figures to 2006?Originally posted by maurizio13:I think your lumpar stuck in your throat, you have nothing else logical to say, that's why you ended up saying dumb things.
Btw, how you know I use 2000 price and not current price?
OK. I entertain your request. You tell me how to adjust, because I really don't know how to. -
Originally posted by Gazelle:instead of trying to put words into my mouth, I would appreciate if you could quote me for saying what you are saying.
Who's putting words in your mouth?Originally posted by Gazelle on 17th May 2007 06:55am:Would you mind explaning why during the IMF meeting in Sep06, which is the last month of Q3 2006, there is a surge in both retails and hotel & restaurant industry? I thought your survey has indicated that during the IMF meeting there was a slump in retail business?
Do you have any statistic to support your arguement that beside Singapore INC, no one else benefit from such highprofile MICE activities?
http://www.singstat.gov.sg/keystats/mqstats/ess/aesa11.pdf -
For Gazelle's benefit I have provided the trendline with seasonal factor at current price levels. Apparently the wholesale and retail sector did much worse (about $68.67 million) than with a 2000 price level, as for the hotel and restaurant sector, it only did $1.27 million better when compared to the same quarter in 2005.Originally posted by Gazelle:because you didnt realise that the PDF file which you extract your numbers from has 2 pages. page 1 is 2006 price while page 2 is 2000 price. Hence if you try to use 2000 numbers to determine the outcome of 2006, dont you think that you actually lack a variable that connect 2000 figures to 2006?
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In your eagerness to defend your stance that Singapore has "the most expensive IR's in the world" and citing the estimated worth of LV Sands' project to be USD3.6 billion, it says something, doesn't it?Originally posted by Gazelle:actually you have been bugging me for awhile, I am just wonder if you could quote my post in which I mentioned that USD3.6 is more than US$4b.
Or maybe I'm self-delusional - the USD4 billion Echelon Place and USD6 billion MGM Mirage are nothing but fantasies of mine and not actual projects in the pipeline...
Now, that really is something.Originally posted by Gazelle:And btw, why are you still mentioned about the 4b? I thought that is already a mistake which have you no choice but to admit it? The only mistake I've been culpable of is overestimating your intelligence. Maybe you would like to re-read my post dated 16 May (12.47am) and see if your intellect has failed you again? -
Thanks maurizio13 and walesa for keeping Gazelle company, as he can be quite a prolific spinner.Originally posted by Atobe:
Is there a ''huge surge in both retails and hotel & restaurant industry'' ?
Unfortunately, common sense is not so common amongst those who gets too excited and do not substantiate their posts, but prefer to make their presence felt with all the thunder and flashy blunders.
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Would you mind explaning why during the IMF meeting in Sep06, which is the last month of Q3 2006, there is a surge in both retails and hotel & restaurant industry? I thought your survey has indicated that during the IMF meeting there was a slump in retail business?
Do you have any statistic to support your arguement that beside Singapore INC, no one else benefit from such highprofile MICE activities?
http://www.singstat.gov.sg/keystats/mqstats/ess/aesa11.pdf
Is it not typical of your brilliance that you will giving a reference site from the Singapore Department of Statistics for Year-on-Year comparison to justify your proposition that there is a upward spike in September 2006 for such an activity ?
Like I said many times before, be patient, and you will be less careless - now try digesting the following Quarterly Statistics for 2006 from the Singapore Ministry of Trade and Industry :
Retail Sales Index : Retail Sales at Constant Prices (2005 = 100)
2005 Q4 ...... 105.6 ...... 8.4% ..... Retail Sales (Change in %)
2006 Q1 ...... 106.1 ...... 5.6%
2006 Q2 ...... 105.2 ...... 8.7%
2006 Q3 ...... 102.2 ...... 5.2% <<<<
2006 Q4 ...... 114.0 ...... 7.9%
{Source from Department of Statistics}
2006 Q3 is for the period of July, August and September - and was it not your brilliant month of September 2007 that was supposed to see a surge of retail and consumption levels due to the World Bank-IMF Meeting.
BTW, you did mention that the large number of participants were supposed to benefit Singaporeans in general - espcially all the other retail, Food & Beverage, and Hospitality Industries.
The following statistics given by Ministry of Trade and Industry - from the same website gave provided another gem:
TOURISM : Vistor Arrivals ('000 Persons)
2005Q4 ...... 2,360.1 ...... 4.9% Visitor Arrivals (Change in %)
2006Q1 ...... 2,316.0 ...... 14.2%
2006Q2 ...... 2,371.6 ...... 9.8%
2006Q3 ...... 2,500.9 ...... 4.6% <<<<
2006Q4 ...... 2,559.7 ...... 8.4%
{Source from Singapore Tourism Board}
With an actual increase in the number of Visitor Arrivals from Q2 at 2,371.6 to Q3 at 2,500.9 - why will there be a drop in the Retail Sales Index ?
Unless ..... this provide an answer to the other question to be addressed below.
With your penchant for statistics from me to prove my position, do you have any relevant statistics of your own to substantiate your statements ?