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DBS less keen on M&A after Indonesia bank deal failure
SINGAPORE(Reuters): Singapore's DBS Group Holdings said it has little appetite for acquisitions after a $7.2 billion bid for PT Bank Danamon Indonesia Tbk stumbled, adding that it would instead redouble efforts to expand its existing Indonesian operations.
Plus takeover rejection the right move, says MPs
KUALA LUMPUR: Two elected representatives have welcomed the government's rejection of a private firm's takeover bid for Lebuhraya Utara Selatan (PLUS), saying it is the right move and in the people's best interests.
Dubai faces moment of truth over looming property bubble
DUBAI: "Keep calm. There's no bubble", proclaimed a giant poster on a 40-storey building overlooking a Dubai highway, advertising a property finding portal late last year. That may have been true at the time, but the risks are rising.
Risks of property bubble in Dubai rising, Govt to moderate market
DUBAI: "Keep calm. There’s no bubble," proclaimed a giant poster on a 40-storey building overlooking a Dubai highway, advertising a property finding portal late last year. That may have been true at the time, but the risks are rising.
Rare British Guiana stamp sells for record US$9.5mil
NEW YORK: A British Guiana One-Cent Magenta postage stamp from 1856, the only one of its kind to still exist, sold for a record US$9.5 million at Sotheby's on Tuesday.
India's May palm oil imports rise ahead of Ramadan
NEW DELHI: India's palm oil imports rose 22 percent to 654,255 tonnes in May from a month ago, data from the Solvent Extractors' Association of India showed, as buyers stocked up ahead of the Muslim holy month of Ramadan when demand typically peaks.
Indonesia looks at changing palm oil export tax structure
JAKARTA: Indonesia's industry ministry is considering changes to the country's palm oil export tax system, a government official said on Wednesday, as the top producer and exporter of the edible oil looks to further promote downstream industries.
The money and politics behind the water deal
A combination of mounting bond obligations and a possible change at the helm in Selangor have paved the way for the state and federal governments to hammer out a deal that Mentri Besar Tan Sri Abdul Khalid Ibrahim believes will force the water concessionaires to come to the table.
Versatile to cash in on Iris, it will go ahead and sell 126.42 million Iris shares
PETALING JAYA: A big block of shares in Iris Corp Bhd is up for grabs.
New import duties on China solar products
WASHINGTON: The United States has slapped new import duties on solar panels and other related products from China after the Commerce department ruled they were produced using Chinese government subsidies, potentially inflaming trade tensions between the two countries.
