Tuesday, July 10, 2007

Indonesia-Singapore relations: Strained again?

... On the investments of Temasek, the investing arm of Singapore's government, in Indonesia's telecommunications sector, especially Indosat, Indonesians have to be reminded that when we needed the funds, there were not many buyers, and Singapore bought the Indosat shares at a premium price. Thus, if we intend to buy back the shares, it should be done at the prevailing market prices. That is the way to conduct business and there are no short-cuts. [more, thejakartapost]

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