News critique

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Title: News critique

Essay Details:

Subject: Business

Author: Elizabeth M

Date: June 10, 2015

Level: University

Grade: A

Length: 4 / 992

Essay text:

A brief summary of the event. The reason this deal came about was because Temasek Holdings (the Singapore Government’s investment arm that owns and manages its direct investments, both locally and overseas) had to divest its stake in one of the two Indonesian Banks it owns. This was to comply with a new ruling from ‘The Central Bank of Republic of Indonesia’. Although Temasek had until the end of 2010 to comply with Indonesia's new policy on bank ownership, it decided to sell its 42% stake in Indonesia’s sixth-biggest lender, Bank Internasional Indonesia (BII) which was valued at more than USD$800 million...

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