DBS to buy Bank Danamon Indonesia stake from Temasek through new share issuance
DBS Group Holdings announced on Mon (2 Apr) that it has agreed to pay S$9.1 billion for Indonesia's Bank Danamon in shares and cash at a whopping 56.3% premium at 7,000 rupiah per share. DBS said it would pay S$6.2 billion to buy 67.4% stake from Temasek Holdings. DBS will issue 439 million new shares to Temasek at S$14.07 each...
5 persons assisting Police with investigations on kidnapping postings
(Photo Source: Razor TV) Five persons have been contacted by the Police for posting unsubstantiated information via the internet and SMS on children being abducted and kidnapped. They are assisting Police with investigations. Between 19 March 2012 and 31 March 2012, 7 police reports were investigated and it is established...
Should Petain Road be renamed?
Dear professor Tommy Koh, I refer to your 20 Mar 2012 Straits Times article "Should Petain Road be renamed? [13]" You said the French Army had been progressively degraded after the First World War due to budgetary cuts. But between 1920 and 1938, French military spending was 4.3% of GDP, higher than Germany's 3.3% over the same...
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