Implications of ANZ’s sale of its Asia Business to DBS
On 31 Oct 2016, ANZ released an announcement that it has decided to sell its Asia business in Singapore, Hong Kong, Taiwan and China to DBS, citing lack of compelling competitive position in the region. ANZ remains committed to growing its institutional business in these regions, but will be unloading all of its retail businesses...
Duterte unsettles Asean
The move by Duterte to patch up relations with China, to lean closer to China is now touted as unsettling to Asean. When the Philippines were leaning to the USA, be the barking dog of the USA, raising tension in the South China Sea, that was not unsettling to Asean. What this new slogan is saying is that Asean should be leaning...
Dr. Chee: Time for ‘exceptional’ ministers to review their salaries and why
In his campaign message in the last general elections, Prime Minister Lee Hsien Loong made no bones about what he thought of himself and his party: “Exceptional leadership made a big difference for Singapore." And based on this observation, he justified the staggering salary levels that he and his cabinet colleagues awarded...
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