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Wed, April 25, 2007 : Last updated 21:22 pm (Thai local time)



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Home > Business > Annual reports a burden for some





STREET WISE
Annual reports a burden for some

An increasing number of items must be included in the annual reports of listed companies in Singapore to promote transparency on the stock exchange. Hence, the thicker-than-ever annual reports are taking a toll on postal carriers.

Postmen in Singapore have been clocking up to three hours of overtime daily as they strain under the load during the peak season for sending out annual corporate reports. Some tip the scales at 1.3 kilograms per copy.

Singapore Post told The Straits Times that the load for its carriers had soared in recent weeks from a daily average of two to four bags of mail to between 15 and 20.

New information-disclosure requirements have resulted in heftier reports than ever before. Singapore Post said that the reports are also thicker because of the growing trend to use them to market companies to potential investors.

The nearly 500 firms listed on the Singapore Exchange, with December 30 as their year-end, must hold their annual general meetings by April 30. The reports have to be delivered in advance of shareholder gatherings.

"No matter what, we have to complete our delivery," postman Harbhajan Singh, 39, was quoted as saying. "We only hope that it does not rain so much during this period, as rain slows us down."

Singh delivers to condominiums with 1,500 households. That's a hefty burden for two overloaded feet.

Lod Chong ... not!

After we reported in Monday's paper that many believe that Lod Chong Singapore is from Singapore, one of our readers was kind enough to inform us that, in fact, Lod Chong Singapore originated in Thailand.

The reader gleaned information from website http://www.winbookclub.com/viewanswer.php?qid=980 which said that Lod Chong Singapore, the pandan-starch noodle dish in coconut milk, was not invented by a Singaporean or brought from Singapore.

In fact, Lod Chong Singapore was invented by Thai people and it got its name from a shop in front of an old theatre named "Singapore" in Yaowarat.

Perhaps we should refer to it as Lod Chong Yaowarat instead.

Jeerawat@nationgroup.com








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