3 big banks, DBS, UBS and Stanchart, serious lapses in AML
I can expect the foreign banks to be involved in money laundering activities as many have been charged in the US and fined by the billions. It is looking like the main business of many big banks, to make big money to be paid big bucks. Were UBS and Stanchart also fined in the US for such ‘lapses’, not intentional money laundering?...
SMRT: Taxpayers get screwed
Temasek is offering $1.68 per share or $1.18bn to buy out the minority shareholders of SMRT, a 9% premium over the last traded share price of $1.545. Usually an acquirer pays a premium of up to 30% to gain full control of the target. So the question is why just a 9% premium, shareholders and anti-PAP paper warriors are screaming?...
The truth about the South China Sea issue
First let those politicians, strategic studies research personals , the mass medias, the TVs and Radio talks in some ASEAN countries and those who are beholden to USA somehow or other beware of what they are talking when they keep on parroting USA version and stunts on the South China Sea issue less they be accused of complicity...
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