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Archive for the ‘Business’ Category
Why Moody’s downgraded S’pore banks

Why Moody’s downgraded S’pore banks

(6 Aug) – Last week I read a rather disturbing story in the financial news. According to the article Moody’s, the rating agency, downgraded Singapore’s banking sector from “stable” to “negative.” Singapore? Last September I wrote about problems with banks in several emerging markets,... 

S’pore loses much more than Indonesia in DBS decision

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... 

Ex-World Bank President Robert Zoellick joins Singapore’s Temasek

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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