Temasek: 1st Shin Corp in Thailand, now Indosat & Telkomsel
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What was in the minds of those leading Temasek, Singapore Technologies, and SingTel - in their absurd thrust across national borders, in their very aggressive grab for the various National Telecom Agencies - from Australia to Belgium, from Indonesia to Vietnam, and from Malaysia to Thailand.
With the payment for Shin Corp enriching the Private Bank Account of ex-PM Thaksin, who knows how much of the funds paid for the Indonesian Satellites and Telecom Companies will create an upsurge of new found tycoons.
It certainly is surprising that from a Country renown for strict and uncompromising laws, its Government Linked Companies should venture overseas and break local laws and or statutes.
Shame on this Singapore Government for all its falsified claims to be an honest and clean government, when it cannot even buy into the foreign owned companies in any legal form. -
scholars are running temasek...i know many scholars...they only know how to stdy lah.....their PR is down the drain.....wat a stupid n shalow requiremnet to work in temasek.
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That's why the MPs are trying to keep up with the times and trying to learn hiphop.Originally posted by robertteh:Wisdom is not found in their books. Their books are at least 10 years behind latest thinking and cutting edge knowledge applications.
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If they are the talents, and worth the multi-million salaries as suggested they should put up and convince citizens to accept whole-hearted implementation of relevant economic restructuring plans which will take advantage of our internal highly educated workforce and maximise citizens' practical knowledge and new-technology start-ups to create jobs and lower rising costs of living.Originally posted by charlize:That's why the MPs are trying to keep up with the times and trying to learn hiphop.
So far new ministers one by one seems to be avoiding any mention of lowering costs of living or introducing and overseeing the economic restructuring. -
Are we to prepare ourselves for the next episode of ''Shin Corp Debacle 2'' with the new offer to buy ShinSat for S$306 Million' ?
This time SHIN Satellite (ShinSat) Thailand is offering to sell a satellite that serves Laos and Cambodia to Singapore's Asia Mobile Holdings for US$200 Million (S$306 M).
Asia Mobile is 75 per cent owned by Singapore Technologies Telemedia (STT), with the remaining 25 per cent held by Qatar Telecom QSC.
This matter seems to be a done deal as can be seen from the statement that is left to be printed at the bottom of a rosily painted preamble.
Following is an extract from the Singapore Straits Times, Monday, 4 June 2007 edition:
ShinSat to sell stake for $306m to S'pore firm
Bangkok
SHIN Satellite (ShinSat), Thailand's only commercial satellite operator, plans to sell part of its telecommunications investments in Laos and Cambodia to Singapore's Asia Mobile Holdings for US$200 million (S$306 million).
The proceeds from the stake sale would be used to repay its long-term debt and improves its financial status, ShinSat said.
ShinSat plans to sell 7.18 million shares, or 49 per cent stake, in its Shenington Investment unit to Asia Mobile for US$27.85 a share, the company said in a filing to the Stock Exchange of Thailand yesterday.
ShinSat, 41.3 per cent-owned by Shin Corp, was founded by exiled former Thai prime minister Thaksin Shinawatra before his relatives sold their controlling stake in Shin Corp to Singaproe investment company Temasek Holdings last year.
Asia Mobile is 75 per cent owned by Singapore Technologies (ST) Telemedia, with the remaining 25 per cent held by Qatar Telecom QSC, according to a March 9 statement on ST Telemedia's website. ST Telemedia is a unit of Temasek.
Shenington is a holding company with 100 per cent stake in Cambodia Shinawatra, which operates mobile and fixed-line phone networks in Cambodia.
It also owns 49 per cent of Lao Telecommunications, which operates telecoms services in the landlocked South-east Asian nation.
ShinSat needs cash to help pay more than US$500 million in debt from building and launching its last two satellites.
The Company is counting on rising sales of its satellite Internet services in China and India, the world's two most populous nations, to return to profit this year. It incurred a loss of 45.6 million Baht (S$2.1 million) last year, its first since 1997.
"We expect the deal to be completed early next week," Dr Dumrong Kasemset, ShinSat's executive chairman, said during a conference call yesterday. "This will help reduce our debt burden and improve our financial status."
BLOOMBERG NEWS, REUTERS
It seems that before the last wounds from the last Shin Corp disaster are healed completely, She remains with a big appetite for Temasek to swallow more satellites that are available and offered for sale.
It is ironical that for a Government that prevent its own Citizens from accessing Satellite TV programmes, it has the audacity to buy up every available satellite in space above this 'little red dot', and that the Citizens of other countries can freely access. -
Originally posted by Atobe:
Relationship with the neighbouring countries already very bad especially
Are we to prepare ourselves for the next episode of ''Shin Corp Debacle 2'' with the new offer to buy [b]ShinSat for S$306 Million' ?
This time SHIN Satellite (ShinSat) Thailand is offering to sell a satellite that serves Laos and Cambodia to Singapore's Asia Mobile Holdings for US$200 Million (S$306 M).
Asia Mobile is 75 per cent owned by Singapore Technologies Telemedia (STT), with the remaining 25 per cent held by Qatar Telecom QSC.
This matter seems to be a done deal as can be seen from the statement that is left to be printed at the bottom of a rosily painted preamble.
Following is an extract from the Singapore Straits Times, Monday, 4 June 2007 edition:
It seems that before the last wounds from the last Shin Corp disaster are healed completely, [i]She remains with a big appetite for Temasek to swallow more satellites that are available and offered for sale.
It is ironical that for a Government that prevent its own Citizens from accessing Satellite TV programmes, it has the audacity to buy up every available satellite in space above this 'little red dot', and that the Citizens of other countries can freely access.
[/b]
Thailand is deciding whether to stop local troops from using Thailand as
a training ground. -
Truly, money trumps every other considerations.
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nothing is hidden under the sun..
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I read in the report Indonesia is trying to limit how many times Spore navy n air force can conduct their training in Indonesian territory despite having
signed the defence cooperation agreement.