S’pore loses much more than Indonesia in DBS decision
(2 Aug) - The sudden changes in the bank ownership rules made by Bank Indonesia only three months after Singapore’s DBS Bank announced in April 2012 its plan to acquire Bank Danamon, the sixth largest bank in the country, caused the deal to collapse on Wednesday. DBS, Southeast Asia’s largest bank by assets, announced it...
Ready for World War III with China?
(29 Jul) - "U.S. policy must create a climate in which a rising China is never tempted to use its growing power coercively within or outside the region." - Richard Haas, chairman of the U.S. Council on Foreign Relations With the constant drumbeat that Armageddon is imminent, it is easy to dismiss the geopolitical threats that...
Ex-World Bank President Robert Zoellick joins Singapore’s Temasek
Robert Zoellick, former President, World Bank. (1 August) Former World Bank President Robert Zoellick was today appointed to the board of directors of Singapore’s leading corporate investor Temasek Holdings, as it seeks a bigger presence in the US and Europe. “His appointment to our Board also comes at an opportune time...
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