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...
MOM: Public consultation on laws to deal with errant employers and FTs
1. The Ministry of Manpower (MOM) is inviting members of the public to give feedback on proposed amendments to the Employment of Foreign Manpower Act (EFMA). A public consultation document, summarising the proposed changes, can be accessed on the REACH website over the next three weeks (10 May 2012 to 31 May 2012). Background 2....
Singapore willing to return Riau Islands airspace
Indonesia’s efforts to take control of the airspace above Riau Islands, controlled by Singapore since 1946, have been unsuccessful since 1993. Singapore says it is willing to hand over control of the airspace above Riau Islands, provided that the International Civil Aviation Organization (ICAO) gives the green light. The Singaporean...
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