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 it...
Ready for World War III with China?
(29 Jul) - "U.S. policy must create a climate in which a rising China is never tempted to use its growing power coercively within or outside the region." - Richard Haas, chairman of the U.S. Council on Foreign Relations With the constant drumbeat that Armageddon is imminent, it is easy to dismiss the geopolitical threats that...
PM Lee: I’ve been working on the National Day Rally speech
PM Lee working on his speech It’s 10 days to National Day! Have about finalised my National Day Message. I’ll be recording it this weekend at one of the older estates in Singapore. This year’s ND Rally will be held at ITE College Central on 18 August. I’ve been working (and reworking!) the Rally speech as well. Besides...
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