
Indonesia bank ownership plans to hit DBS buy
JAKARTA, May 31 (Reuters) - Indonesia's central bank said it plans to cap single ownership in the country's banks at 40 percent for new investment, a rule that would scupper a $7.3 billion bid by Singapore's DBS Group Holdings for Bank Danamon, Asia's fourth-largest banking deal. The proposal appeared to be aimed at stopping...

China, Singapore plans 100b yuan high-tech zone
Singapore Govt has invested in previous industrial parks in China before, like the Suzhou Industrial Park. CHENGDU - The construction of a 100-billion yuan ($16 billion) high-tech zone was jointly launched Tuesday in Southwest China's Sichuan province by the provincial government and a Singapore company. The Singapore - Sichuan...

Growing Middle Class Brings New Pressure for Change in Singapore, SE Asia
The rise of a more educated, more affluent middle class across Asia is pressuring governments in the region, including Southeast Asia and Singapore, to adopt more democratic principles, media practitioners said on Tuesday. Michael Vatikiotis, regional director of the Center for Humanitarian Dialogue — who moderated a panel...
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