Monday, June 22, 2009

Merlion eat you.

A feng shui master recently divined what's troubling HSBC, which has seen its stock price tumble by at least 1/3 on the Hong Kong Stock Exchange from a year ago. And it's not overexposure to sub-prime mortgage-backed securities!

Apparently the REAL culprit is the West Kowloon -- a residential and office high-rise office development constructed on reclaimed land jutting out into Victoria Harbor. That project, along with the demolition of the old Hong Kong Star Ferry Terminal two years ago has jacked-up the wealth feng shui around the bank's headquarters. And the bad luck is supposed to last at least two years.

As for Singapore, if you think the economy is bad now, it could've been worst if it weren't for the Merlion! That beacon to millions of tourists looking for the best staged scenic photo in town took one for the home team when it was struck by lightning all those months ago. But it's still standing proud and spewing water into the mouth of the river, despite the slight singe. A good omen in these tough times.

Way to go, Ministry of Tourism!


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