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Business 01 Aug 2013 | 3:11 PM Premium

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.

Business 18 Jun 2014 | 2:32 PM Premium

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.

Economy 15 Jun 2014 | 4:19 PM Premium

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.

Property 16 Jun 2014 | 12:00 AM Premium

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.

Business 18 Jun 2014 | 10:12 AM Premium

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.

Business 17 Jun 2014 | 8:23 AM Premium

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.

Business 01 May 2014 | 8:57 AM Premium

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.

Business 01 Mar 2014 | 12:00 AM Premium

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.

Business 01 May 2014 | 12:00 AM Premium

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.

Business 05 Jun 2014 | 12:00 AM Premium

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.