POSCO

POSCO USD 12bn plant in India being blocked by India's environmental ministry.
It will be the biggest FDI in India if it is successful.
India despite having a poor record on environment, block a potentially good FDI bcos of politics.
At the same time hurting the development of the country.

Taxi booking

24mn taxi booking in 2010
913,000 trips made per day
7% of all trips are taxi booking

But we all know taxi booking is a stupid system
Forces the passenger to book and pay up

25,000 taxis in Singapore
Each taxi on average make 37 trips per day

Say average trip is $10
Each taxi makes $370
Each driver makes $185
Petrol and rental $65
ie driver makes $120 per day
or $3,600 per month

US Debt

Interest payment to federal revenue
2010 8.6%
2020 17.6%
All else equal

Rating
2020 A
2025 BBB
2035 Junk

Singapore F1 stats

Attendance
2008 Total 100,000 Foreigners 50,000
2009 Total 70,000 Foreigners 20,000
2010 Total 80,000 Foreigners 40,000

Tourism Receipts
2008 S$180mn
2009 S$90mn
2010 S$93mn

Cost of F1 S$150mn per year
60% of bill foot by Sg Govt
40% by Ong Beng Seng
But 70% of revenue goes to OBS

ie "losses" for Sg Govt S$60mn per year
ie about S$2.5 per user to get 150mn F1 TV viewers globally to see Singapore

Should F1 continue after 2014, terms with OBS have to be revised.

Shanghai Expo

73 mn visitors in 1st 6 mths
USD 40bn spent on city wide upgrade
including 150 subway stations
Ticket sales would have generated USD 1.8bn
but Chinese are subsidized by Govt

iPad and Netbooks

11mn iPad to be sold in 2010
20mn estimated in 2011

30mn netbooks sold in 2009
Probably the peak of netbooks has passed

Lawyers per population

1 Lawyer for x no. of people

US 265
Brazil 326
NZ 391
Spain 395
UK 401
Italy 488
Germany 593
France 1403

US and India has more than 1mn lawyers
US has much less than the often quote myth of 70% of world's lawyers

Singapore Expat Salaries

45% of Singapore's Expat earns more than $265,000, which is more than the top 10% of Singapore's household.

If Expat use 20% of income as rental, the supportive rental level is

$53,000 per year
$4,400 per month

Using a cap rate of 5%
The supportive property price is then $1.06mn

SGX ETF

74 ETF
Trading value $4bn
Most active gold, india, china

Global ETF AUM
US$1 trn
2200 ETF on 42 exchanges

Wheat

Total 122 mn tons

US 27mn t
EU 23mn t
Canada 15.5mn t
Australia 15mn t
Russia 15mn t
Kazakhstan 8mn t
Ukraine 8mn t
Argentina 7mn t
Turkey 3.1mn t
Mexico 1.2mn t

Sg job creation

Sg created

36,000 jobs 2Q CY 2010
26,000 jobs 1Q CY 2010

Online gambling

Total USD 26bn

17% US
14% Japan
11.5% UK
7% Italy
5% Germany
5% France
3.7% Sweden
3.4% Australia
3.3% HK
3.3% Canada
27% Others

Market to grow to USD 36bn in 2012

Global gambling market

USD 335bn

31% Casino
30% Lottery
22% Non-casino gaming machine
7% Horse racing
5% Sports betting
5% Bingo and others

Online USD 26bn

China land prices

US$400 per square meter (105 cities)
about US$40 psf or S$60 psf

Asia Export

Asia 10: China, HK, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand

US 14%
Japan 7%
EU 15%
Intra Asia 48%
ROW 8%

30% or so of export goes to OECD countries
60% or so goes back intra Asia

TV market share

2010

Samsung 18%
LG 13%
Sony 11%
Toshiba 6.6%
Sharp 5.5%
Panasonic 5%
Philips 4.5%
Vizio 3.6%
Funai 3.6%
Sanyo 2.9%
JVC 0.1%

Chinese players 20%
Others 6.2%

Global tech stuff shipment

2010
Mobile 1.1bn units

PCs 360mn
Of which desktop 140mn
Of which laptop 220mn

TVs 210mn
Of which LCD 170mn
Of which PDP 40mn

DSC 130mn
Of which SLR 11mn

Oil Rig Count

Total 2800
US 1500
Canada 230
Far East 270
Africa 80
Europe 100
Latam 390