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PRESS DIGEST - Singapore newspapers - June 15
17 Jun 2007 23:39:48 GMT
Source: Reuters
SINGAPORE, June 18 (Reuters) - The following are stories from Singapore newspapers on Monday. Reuters has not verified these stories.

THE STRAITS TIMES

- Temasek Holdings [TEM.UL] and the Government of Singapore Investment Corp. will be treated as separate entities for the purpose of investments in Indian banks, after New Delhi conceded a longstanding demand from Singapore on the matter, an Indian minister said.

- Tough new rules will apply from next month which would force fund managers to cut their fees in order to qualify for Central Provident Fund Investment Scheme (CPFI), Singapore's state-administered pension scheme. The rules have forced 20 managers to exit the scheme while 10 new managers have joined.

- China has not added any new elements to complicate negotiations on its disputed border with India, contrary to some reports, Indian External Affairs Minister Pranab Mukherjee told the newspaper in an interview.

THE BUSINESS TIMES

- SC Global Developments <SCGO.SI> has bought prime residential site offered in collective sale for S$262 million (US$170 million) or S$2,337 per square foot, breaking the record for the most expensive enbloc sale in Singapore.

- Polycom Inc. <PLCM.O>, a major global provider of conferencing and collaborative solutions to companies has officially opened its Asia-Pacific headquarters in Singapore, after moving its regional headquarter from Hong Kong.


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Last updated:Sun Jun 17 23:41:20 2007