Indonesia set to ban major bank stakes – DBS deal at risk
* Single-shareholder stake to be capped below 50 pct * New rules expected in June; transition period likely * To apply to domestic and foreign investors * Rules could jeopardize DBS's $7.3 bln bid for Danamon (Adds DBS comment, share prices) SINGAPORE/JAKARTA, May 24 (Reuters) - Indonesia's central bank is set to limit the...
Cleaner: The govt should make companies pay us a decent wage
Stagnant wages, weighed down by a flood of cheap foreign labor, are tearing at a social compact that has allowed the People’s Action Party to govern Singapore almost unchallenged for five decades. SINGAPORE — Khamis Neshbahri earned a salary of 700 Singapore dollars ($550) a month when he began cleaning office buildings...
The RP Congratulates the WP on their Victory in Hougang
The Reform Party of Singapore would like to congratulate Mr Png Eng Huat of the Workers’ Party on winning the by-election campaign in Hougang and with such a clear majority. The people of Hougang have spoken and MP-elect Mr Png is their chosen representative. The people of Hougang have refused once again to be intimidated...
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