Temasek

New float in Singapore Temasek property fleet? By KALPANA RASHIWALA BT RECENTLY reported that Mapletree Investments is ready for an initial public offering (IPO) - at least, in terms of the business profile and track record it has achieved - although any decision on this score will rest with its board and shareholder, Temasek Holdings.   Parent’s call: [...]

Singapore Temasek looks to resume genco sales Sub-prime crisis not expected to hurt sale as there’s flight to quality assets By RONNIE LIM   (SINGAPORE) After a breather of almost three months, Temasek Holdings could resume its genco sales - of the remaining Senoko Power and PowerSeraya - as soon as this month, sources suggest. But there is no real [...]

Singapore Temasek to appeal Jakarta court ruling Singapore entities, told to divest telco stakes, may go to Supreme Court now (JAKARTA) An Indonesian court yesterday rejected an appeal by Temasek Holdings, Singapore’s state- owned investment company, and its affiliates against a ruling that it had breached the country’s anti-monopoly laws. The Central Jakarta District Court upheld a ruling [...]

Singapore state-linked investment firm Temasek Holdings Pte. Ltd. said on Friday the Indonesian district court has found it guilty of violating anti-monopoly regulations through its affiliates' cross holdings in Indonesia's two largest telecom operators.The district court upheld the earlier ruling by the Indonesian competition watchdog KPPU that Temasek must divest its stake in either PT Telkomsel or PT Indosat and comply with the country's regulations on cross-holdings within two years.Temasek said it is "deeply disappointed by the verdict," and that it plans to file an appeal with the Supreme Court.Indosat is 41 percent owned by Asia Mobile Holdings (AMH), which is a 75 percent-held subsidiary of ST Telemedia. ST Telemedia is fully owned by Temasek.Temasek indirectly holds 35 percent of

$1.28m Temasek aid to NTU for trade-talks research hub - Singapore By SARA LIM TEMASEK Foundation, the philanthropic arm of Temasek Holdings, has provided the Nanyang Technological University (NTU) with $1.28 million worth of seed funding to launch a research centre for trade negotiation and economic development. The grant will fund a series of ‘capacity-building programmes’ aimed at [...]

Singapore Temasek likely to shed more assets, conserve cash It may choose to consolidate holdings in Chinese banks (SINGAPORE) Temasek, sitting on paper losses of US$1.2 billion on its investments in Merrill Lynch and Barclays, is expected to shed more assets and conserve cash to offset its exposure to the West’s ailing financial sector. Analysts said that the [...]

By Kevin Lim and Saeed Azhar SINGAPORE, April 4 (Reuters) - The worst may be over for global equity markets after the Fed-led rescue of Bear Stearns , but U.S. economic woes and slower earnings... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Temasek’s fund arm says stock rebound not imminent  THE worst may be over for global equity markets following the Federal Reserve-led rescue of Bear Stearns. However, United States economic woes and slower earnings will hold back a decisive rally, according to a key executive of a fund management arm of Temasek Holdings. Ms Chan Chia Lin, the [...]

Guidelines for wealth funds apply to Singapore Temasek, says ministry   The policy principles are relevant to S’pore investment company as it is state-owned By Bryan Lee    THE Ministry of Finance yesterday said that Temasek Holdings should abide by guidelines for sovereign wealth funds (SWFs) that were unveiled just over a week ago. It said that as Temasek is wholly [...]

Low point of crisis may be over, feels Singapore Temasek unit Investors have reached the point of maximum fear, says Fullerton CEO (SINGAPORE) Temasek Holdings’ fund management unit says investors have passed ‘the point of maximum fear’ amid the global credit squeeze. Fullerton Fund Management sees the US Federal Reserve’s decision to rescue Bear Stearns as a [...]

HSBC, Europe's biggest bank, dropped out of the race to buy a 42 per cent stake in Bank Internasional Indonesia , a source said on Tuesday, as Singapore state investor Temasek moved closer to choosing a buyer who may have to pay over $1 billion. The battle is now between Malayan Banking Bhd and Bank of China for Indonesia's sixth-biggest lender, while South Korea's Kookmin has also joined the race as a third bidder, a source with direct knowledge of the deal told Reuters. 'It is between Maybank and Bank of China,' the source told Reuters on condition of anonymity because a deal has not been made public. Indonesia News Blog:

Singapore Temasek says it is not a sovereign wealth fund    WASHINGTON - TEMASEK Holdings said that it is not affected by an agreement by Singapore, Abu Dhabi and the United States on principles to increase the transparency of sovereign wealth funds. ‘Temasek is not a sovereign wealth fund,’ its spokesman Mark Lee said in a telephone interview [...]

BANGKOK - The Thai prime minister said on Thursday that Singapore's investment firm Temasek Holdings, whose business deal sparked protests leading to a 2006 coup, was still keen to invest in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SINGAPORE - Fullerton Fund Management, the fund management arm of Singapore state investor Temasek Holdings, said on Thursday that it will market funds invested in the Middle East and North Africa to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SEOUL - South Korea's Hana Bank bought US$50 million worth of shares in Merrill Lynch from Singapore fund Temasek in February, Hana's parent group said on Tuesday. 'The bank had made... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Purchase of 12m shares boosts its growing investment in financial services (HONG KONG) Temasek Holdings, the biggest shareholder in Standard Chartered Plc, has increased its stake in the UK bank by... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Bank Indonesia (BI), the central bank, has received statements of compliance from Temasek Holdings of Singapore and Khazanah Holdings of Malaysia which have controlling interests in four Indonesian banks, a BI official said."Yes, we have," BI Banking Research and Regulation Director Halim Alamsyah said when asked by reporters whether or not BI had received statements of compliance from Temasek and Khazanah in connection with BI`s single-presence policy (SPP).Under BI`s SPP foreign parties cannot own a controlling stake in more than one Indonesian bank and must submit statemensts of compliance to this rule by the end of this year. Khazanah, the holding company of CIMB Group, has an 86.52-percent stake in Bank Lippo through Santubong Investment BV, while CIMB Group itself owns 62 percent of Bank Niaga`s shares through its subsidiary, Bumiputra Commerece. Meanwhile, Temasek owns 68.16 percent of Bank Danamon`s shares through its subsidiary, Asia Financial, and 56.13 percent of Bank

WSJ report says it is in advanced talks to invest in the troubled financial giant By SIOW LI SEN (SINGAPORE) Temasek Holdings may be joining its sister entity in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Temasek Holdings filed an appeal against an order to divest its stake in one of Indonesia's two largest mobile phone operators, the Straits Times reported on Wednesday.The appeal was filed with the District Court of Central Jakarta and a ruling is expected within 30 days, the newspaper said, quoting Temasek spokeswoman Myrna Thomas.Temasek officials were not immediately available for comment.Indonesia's competition watchdog KPPU ruled last month that Temasek had violated the country's anti-monopoly laws and ordered the Singapore company to divest its stake in either Telkomsel or Indosat Tbk PT.KPPU also ordered Telkomsel to cut its mobile phone charges.Indonesia News Blog: http://indosnesos.blogspot.com

The Jakarta Post, JakartaTemasek Holdings was found guilty by the KPPU on Monday of cross-ownership in the domestic mobile telecommunications industry, a move that led to an abuse of dominant powers in the marketplace and a monopoly.The Singapore-owned company would now be forced to either let go of all indirect shares in PT Telekomunikasi Selular (Telkomsel), or in PT Indosat, and to pay a fine of Rp 25 billion for breaching the anti-monopoly law, the Business Competition Supervisory Commission (KPPU) said. "We hereby order Temasek and its business group to let go of all shares in either Telkomsel or Indosat, no more than two years (after) this decision takes effect," head of the KPPU's panel of judges Syamsul Maarif said.The divested shares, Syamsul said, must not exceed five percent for each buyer.Eight other companies, which include Temasek's subsidiaries and other strategic partners for investment in Indosat and Telkomsel, were also found guilty of violating the law, particularl

Temasek Holdings Pte, Singapore's state-owned investment fund, said there is ``no evidence'' that the company breached Indonesian competition laws using indirect stakes in the nation's two biggest mobile-phone companies. Indonesia's competition regulator, or KPPU, yesterday ordered Temasek to sell its stake in either PT Telekomunikasi Selular or PT Indosat within two years. The two companies account for 75 percent of Indonesia's 80 million mobile users. ``KPPU has produced absolutely no evidence of any market distortion by Telkomsel and Indosat, let alone anticompetitive conduct,'' Todung Mulya Lubis, Temasek's Jakarta-based lawyer, said in Singapore today. Temasek will appeal the ruling.Earlier: Temasek faces $5bn fine in Jakarta clashIndonesia News Blog: http://indosnesos.blogspot.com

Sovereign wealth fund Temasek may today be fined $5bn (£2.4bn) following a showdown with the Indonesian government over telecoms investments.Indonesia's competition authority is understood to be preparing to levy a heavy penalty against Temasek after the fund refused to agree to the nationalisation of two multi-million pound shareholdings it holds in the country's largest mobile telephone companies, Indosat and Telkomsel.The dispute has been running since the beginning of the year and has culminated in a court case. Temasek, which manages $100bn of assets, faces allegations that it has built up a monopoly in Indonesia's telecoms market and that it has abused its position to engage in anti-competitive practices.The Indonesian Competition Commission will give its verdict today. The body could impose a fine of about $5bn, or force Temasek to hand over its shareholdings, or a combination of the two.Temasek owns 18pc of Standard Chartered and recently bought 2pc of Barclays.Temasek deni

Indonesia is set to rule on Monday on a probe into Temasek Holdings' business practices in the nation's mobile phone sector, which could see the Singapore state investment arm being fined or forced to reduce its holdings in the sector. KPPU, the anti-trust agency, has been investigating whether Temasek -- which through its telecoms units has stakes in PT Telekomunikasi Selular, the biggest mobile operator, and in PT Indosat, the No.2 player -- used its position to reduce competition in the fast-growing market.The agency, which is due to announce its findings at 0700 GMT, could impose a fine of up to 100 billion rupiah ($10.7 million) on the parties being investigated, either collectively or individually. It could also force Temasek to sell all or part of its shareholding in Indosat.Indonesia News Blog: http://indosnesos.blogspot.com

Debunking an allegation currently being investigated by the Business Competition Supervisory Commission (KPPU), a new study concludes that Singapore's Temasek Holdings does not have a monopoly over Indonesia's mobile telecoms market."Judged from many perspectives, Temasek has not violated article 27 of the Antimonopoly Law," a senior economist with the Center for Strategic and International Studies (CSIS), and also a former KPPU member, Pande Radja Silalahi, told a seminar on competition law Thursday in Jakarta.Temasek owns 54.15 percent of the shares in SingTel Group, which in turn owns 35 percent of Indonesia's largest mobile telecoms company, Telkomsel.Meanwhile, Singapore Technologies Telemedia (STT), which is wholly owned by Temasek, holds a 75 percent stake in Asia Mobile Holdings, which in turn holds a 41.9 percent stake in Indosat.Based on this ownership tree, Pande said, Temasek indirectly owned 30.6 percent of Indosat and 18.9 percent of the country's biggest mobile telec

The Singapore government's investment arm, Temasek Holdings, said yesterday that it was not involved in any anti-competitive business practices in Indonesia's mobile phone sector. Temasek has major stakes in Indonesia's top mobile phone operators, PT Telekomunikasi Selular (Telkomsel) and PT Indosat Tbk, held via units. Indonesia's anti-trust agency launched a preliminary investigation after receiving a price-fixing complaint in December targeting Temasek. Nawir Messi, vice chairman of the Business Competition and Supervisory Commission (KPPU), said last month the body had found "strong suspicions to bring this case to an advanced investigation". Temasek said in statement it was disappointed by the move, but would continue to cooperate with the KPPU.

Wednesday, April 18, 2007In the morning after my driving lesson, I headed to Temasek Junior College where I'll be delivering a talk on the topic "Cyber Wellness". I arrived too early so I found a corner at the neighbourhood to do some final rehearsing.At 12.30 pm, I entered TJC and met up with Mr Terence Ong, my former Civics Tutor. He gave me a treat, the food that I used to eat when I was a student. After consuming our lunch, we went into the Auditorium to set up the projector system and sound system.As this is my first time speaking to a large crowd (half of TJC year 2 cohort) which filled the entire first floor, I rehearsed a few times and prayed that nothing would be amiss.As Mr Ong introduced me to the audience, I was already in my top form. I started off introducing myself and my purpose for being there giving the talk. And then I told a fictitious story which got majority of the audiences laughing. From then on, my confidence increased which lasted me through the entire talk o

The House of Representatives commission overseeing state enterprises has called on the Business Competition Supervisory Commission (KPPU) to assess Indonesia's national interests in the divestment of two telecommunication firms to a Singaporean holding company. In a hearing with the KPPU on Tuesday, lawmakers questioned the divestment of 49 percent of the government's shares in state-owned PT Indosat and PT Telkomsel, a subsidiary of another state-owned telco firm, PT Telkom. The divestment is alleged to have granted Singaporean firm Temasek a monopoly in the Indonesian telecommunications sector.

Inspired by Thailand's Shin Corp battle, Indonesian politicians have called for the return of telecommunications giant Indosat from Temasek Holdings.Several Indonesian MPs have reportedly called on their government to follow Thailand's example and try to buy one of the country's telecommunications giants back from Singapore's Temasek Holdings.The afternoon daily Sinar Harapan yesterday quoted Mr Hajriyanto Thohari, the Golkar member on the parliamentary committee on security and international affairs, as saying the government should not hesitate to take over Indosat, the country's second-largest telecoms company."In the global era, it is common and inevitable that foreigners would buy over a business entity. But in the case of Indosat in particular, the government should have taken steps to buy back the shares," he was quoted as saying.