
DBS’s Danamon Purchase Must Await New Bank Rules, Indonesia Says
(27 Apr) - DBS Group Holdings Ltd. (DBS)’s $7.2 billion bid for PT Bank Danamon Indonesia won’t be approved until the country sets new ownership rules and agrees with Singapore on reciprocity in treatment of lenders. Bank Indonesia will process the bid for the country’s sixth-largest lender after reaching an agreement...

Very Serious Doom Is Coming For Global Financial Markets
(26 Apr) - If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone...

Elderly woman tortured by her Bangladeshi employer in Singapore
(Apr 29) - An elderly female domestic help was tortured for over three months by a Bangladeshi couple in their second floor flat of a six-storey building in Singapore. The couple sent the injured Salma Begum, 50, back to Bangladesh as she could not bear the brunt of the repression any more. Salma arrived at Shahjalal International...
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