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Topic: Development Bank of Singapore

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	Singapore. The Columbia Encyclopedia, Sixth Edition. 2001-05
		It is separated from Indonesia to the south by the Singapore Strait and from Malaysia to the north by the Johore Strait.
		Singapore island is low-lying and is composed of a granitic core (rising to 580 ft/177 m at Bukit Timah, the country’s highest point) surrounded by sedimentary lowlands.
		Singapore has remained in the Commonwealth of Nations, and it joined the United Nations in 1965; it was one of the founding members of the Association of Southeast Asian Nations (ASEAN) in 1967.
	www.bartleby.com /65/si/Singapor.html (1730 words)

	DBS Bank - Wikipedia, the free encyclopedia
		It was previously known as The Development Bank of Singapore Limited (新加坡发展银行), before the present name was adopted in July 2003 to reflect its changing role as a regional bank.
		DBS Bank is the largest bank in South East Asia by assets and one of the larger banks in Asia.
		The bank plans to open the branch in the July-September 2005 quarter and has plans to recruit about 20 staff members to man the operations.The total headcount for DBS in India will double to over 120 by the end of the year from 62 at present.
	en.wikipedia.org /wiki/Development_Bank_of_Singapore (1401 words)

	[No title] (Site not responding. Last check: 2007-10-09)
		Singapore remained an important part of the Malacca Sultanate; it was the fief of the admirals (laksamanas), including the famous Hang Tuah.
		Singapore fell to the Japanese on 15 February 1942, and was renamed Syonan (Light of the South).
		Singapore was separated from the rest of Malaysia on 9 August 1965, and became a sovereign, democratic and independent nation.
	asnic.utexas.edu /asnic/countries/singapore/Singapore-History.html (2141 words)

	Singapore (Site not responding. Last check: 2007-10-09)
		Development Bank of Singapore Headquartered in Singapore, Development Bank of Singapore is one of the largest financial...
		Nanyang Technological University, Singapore Nanyang Technological University (NTU), in Jurong, in the south-western pa...
		Singapore Sling The Singapore Sling is a 1915.
	www.brainyencyclopedia.com /topics/singapore.html (752 words)

	Singapore Financial Center Development - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, ...
		All banks in Singapore were administered by the Monetary Authority of Singapore and were required to hold a statutory minimum cash balance against their deposit and other specified liabilities with the authority.
		The Development Bank was the city-state's largest source of long-term finance, including equity and venture capital financing, medium- and long-term loans, and guarantees.
		Singapore established the Asian dollar market as the Asian equivalent of the Eurodollar market in 1968 when the local branch of the United States-based Bank of America secured government approval to borrow deposits of nonresidents, mainly in foreign currencies, and use them to finance corporate activities in Asia.
	www.photius.com /countries/singapore/economy/singapore_economy_financial_center_dev~1562.html (1292 words)

	DEVELOPMENT BANK OF SINGAPORE ----- Siam Future Development Co.,Ltd.
		DEVELOPMENT BANK OF SINGAPORE: A major regional player in the banking industry began life as a one-country development vehicle only thirty years ago.
		The Development Bank of Singapore, which has more modest origins than many other banks in the region, sees the recession as the right time to spread its wings.
		Mr Pornsanong said his bank was grateful to DBS for increasing its stake and thereby ensuring Thai Danu's survival.
	www.siamfuture.com /worldinthai/devbank.asp (1106 words)

	Asia Times
		The sale of Bank Danamon is a move by the Indonesian Bank Restructuring Agency (IBRA) to raise close to Rp26 trillion (about US$3 billion) as part of its divestment plans for 2003 and plug some of its budget deficit.
		Bank Danamon is considered as one of the better-run and -managed bank after the recapitalization exercise by the central bank and its acquisition of nine troubled banks under the Danamon umbrella.
		Singapore Telecoms pumped in close to $1.05 billion for a 35 percent stake in PT Telekomunikasi Selular last July, and Singapore Technologies Telemedia (STT) paid $631 million for a 42 percent stake in PT Indonesian Satellite Corp (Indosat) in December.
	www.atimes.com /atimes/Southeast_Asia/EE08Ae03.html (967 words)

	Development Bank of Singapore (Site not responding. Last check: 2007-10-09)
		Headquartered in Singapore, Development Bank of Singapore is one of the largest financial services groups in Asia.
		The largest bank in Singapore and the fifth largest banking group in Hong Kong as measured by assets, DBS has dominant positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund raising.
		The Bank's credit ratings are among the highest in the Asia-Pacific region.
	www.encyclopedia-1.com /d/de/development_bank_of_singapore.html (213 words)

	Encyclopedia: Development Bank of Singapore (Site not responding. Last check: 2007-10-09)
		Headquartered in Singapore, Development Bank of Singapore (Mandarin: 新加坡發展銀行), now simply known as DBS Bank (星展銀行), is one of the largest financial services groups in Asia.
		On October 6, 2004, DBS Bank (Hong Kong) Limited announced that, during the renovation of its branch in Mei Foo Sun Chuen, in Kowloon, when the bank attempted to remove more than 900 empty safety boxes from the branch, 83 safety boxes rented by customers and containing valuables were accidentally removed.
		The bank reported that 36 boxes were recovered, although the valuables contained inside were badly damaged.
	www.nationmaster.com /encyclopedia/Development-Bank-of-Singapore (420 words)

	Singapore sale system snafu snares shoppers - Computerworld (Site not responding. Last check: 2007-10-09)
		SINGAPORE -- Consumers in Singapore saw a total of 400,000 Singapore dollars (equivalent to $235,807 in U.S. currency) wrongly debited from their bank accounts through a crash in the country's cashless point-of-sale system over the last week.
		Many customers of the Development Bank of Singapore Ltd. were told at retail outlets that their purchase transactions through the nationwide Network for Electronic Transfers (NETS) had failed.
		Although the bank said it reimbursed all affected customers within three days and credited them with an extra dollar for interest lost, the crash has caused embarrassment to both the bank and customers in a country that prides itself on its advanced technical capabilities.
	www.computerworld.com /printthis/1999/0,4814,28388,00.html (381 words)

	Index of Economic Freedom 2005 - Singapore
		Singapore remains very friendly to business and is party to free trade agreements with the United States, Australia, New Zealand, and Japan; it also is negotiating FTAs with numerous other countries.
		All banks are limited to 25 percent of capital base in lending to a single borrower or group of borrowers.
		Regulations in Singapore are straightforward and simple, and the procedures for obtaining licenses and permits are generally transparent and not burdensome.
	www.heritage.org /research/features/index/country.cfm?id=Singapore (1002 words)

	Commanding Heights : Singapore Money \| on PBS
		1970-1979: The Monetary Authority of Singapore, the country's central bank, aggressively polices the exchange rate to keep prices stable after the currency is allowed to float freely.
		Singapore retires its miniscule remaining debt in 1995.
		With virtually no official controls on the movement of capital, Singapore cannot use monetary policy to stimulate or suppress economic activity.
	www.pbs.org /wgbh/commandingheights/lo/countries/sg/sg_money.html (310 words)

	88-506
		Government ownership or control of a bank does not necessarily lead to the conclusion that the bank is operating in other than a commercial fashion.
		However, we also found that the bank continues to operate as a profitable institution and that the terms of the short-term trade financing were comparable to terms offered by other commerical banks in Singapore.
		Because the Government of Singapore exercises complete discretion as to the projects approved and the percentage of an approved investment eligible for the *16306 allowance under Part X, the specificity test is met.
	ia.ita.doc.gov /esel/singapore/88-506.html (2166 words)

	Singapore Economic Development Board - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, ...
		The Economic Development Board was established in 1961 to spearhead Singapore's industrialization.
		The latter function was taken over in 1968 by the newly created Development Bank of Singapore (see Financial Center Development, this ch.).
		In 1989 the Economic Development Board focused its attention on attracting investments in manufacturing and other high value-added services, which met the technological skills and employment needs of Singapore's future economic development.
	www.photius.com /countries/singapore/economy/singapore_economy_economic_development~1544.html (294 words)

	Folly of Singapore's corporate escapades
		The Government of Singapore Investment Corporation, which handles the investments of public funds and is chaired by Lee Kuan Yew, Singapore's Senior Minister in the Prime Minister's Office, does not answer to anyone, not even parliament.
		DBS said it was raising provisions for its stake in the Thai bank from $241 million to $763.4 million.
		The Infocomm Development Authority, the organisation tasked to do the job, admitted that it would be several more years before it could even get the figure up to 20 per cent.
	www.singapore-window.org /sw00/000709sc.htm (767 words)

	DBS Group (Site not responding. Last check: 2007-10-09)
		Headquartered in Singapore, DBS is one of the largest financial services groups in Asia.
		The largest bank in Singapore and the fifth largest banking group in Hong Kong as measured by assets, DBS has leading positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund raising.
		The Bank's "AA-" and "Aa2" credit ratings are among the highest in the Asia-Pacific region.
	www.dbs.com /dbsgroup (111 words)

	Thorstein Veblen’s Singapore
		Singapore’s economic growth is also reflected in its other socioeconomic indicators such as those pertaining to health, education, housing, and transport and communications.
		The education system of Singapore is openly (and proudly) elitist and there is considerable pressure on schoolchildren to excel in their studies.
		Indeed, contemporary Singapore can be better labeled as “Max Weber’s Singapore” rather than “Thorstein Veblen’s Singapore”, i.e., a society which emphasizes (overemphasizes?) instrumental rationality to the point where the “iron cage of rationality” is a real threat to the social and mental well-being of individual Singaporeans and resident foreigners.
	phuakl.tripod.com /eTHOUGHT/Veblen.html (3511 words)

	Asia Times: Shake-up strikes Singapore's banks
		SINGAPORE - In the past weeks, Singapore's banking industry has seen a flurry of action that could potentially change its entire landscape.
		The bank, with an asset value of S$111.5 billion, is currently Singapore's largest - and the Singapore government owns 37 percent of it.
		Singapore Telecom's proposed takeover of a Malaysian telecom, Time Engineering, was thwarted by Malaysian authorities due to concern over SingTel's main shareholder - the government of Singapore.
	www.atimes.com /se-asia/CG03Ae05.html (891 words)

	Bribery Charges, Unpaid Debts Hound Luke Roxas
		Unlike the travails of Urban Bank and Orient Bank, both of which were forced to close and deal with hundreds of thousands of depositors and creditors demanding their money back under media glare, the story of the Bible-quoting Luke Roxas and the people who had put faith-and their money-in him has not attracted much attention.
		In 1998, a bank employee handling Chan's account told her she was transferring to ASB Holdings, but would continue to look after Chan's money.
		The ex-president's uncle, former congressman Simeon Valdez, sat on the board of the Bank of Southeast Asia, from which Roxas later divested and which was sold to the Development Bank of the Singapore.
	www.pcij.org /stories/2001/roxas.html (2858 words)

	[No title]
		Ho Chin Beng, DBS Bank's chief representative in Burma, told AP-Dow Jones the loan will be made jointly with another as yet to be chosen Singapore bank that also has a representative office in the country.
		But no foreign banks are yet allowed to engage in full-scale banking, and it is unclear when that will change, Ho said.
		Spearheaded by the Singapore government's economic development board, the zone will be located in Thanlyin-Kyauktan, about 18 miles south of Rangoon, and will complement a planned deep-sea port on the Irrawaddy River.
	www.ibiblio.org /freeburma/docs/misc-articles/95apr1.03.txt (776 words)

	Aib Bank Singapore (Site not responding. Last check: 2007-10-09)
		Banking group, allied irish banks plc, (aib bank) http.
		Re-position the bank in the context of the deregulation of the singapore banking market.
		Allied irish bank had collected information for years, but it wasn't until the implementation of a teradata warehouse that they began using the data to their full competitive advantage.
	www.offshore-advisor.org /aib-bank-singapore-banks.htm (358 words)

	The Biography of Dileep Nair
		Nair was Managing Director of the Development Bank of Singapore (DBS), the largest South-East Asian bank and one of Asia 's largest.
		Working under the Minister, he helped develop and implement key economic policies and was involved in the Uruguay Round of GATT negotiations, as well as in various economic fora of the Association of Southeast Asian Nations (ASEAN).
		He started his working career in 1974 at Singapore 's Housing and Development Board, the statutory board responsible for public housing, running what was then South East Asia 's most automated and biggest brick factory.
	www.un.org /news/ossg/sg/stories/nair_bio.asp (445 words)

	Microsoft Singapore - DBS and Singapore Exchange collaborate with Microsoft (Site not responding. Last check: 2007-10-09)
		Managing Director of Microsoft Singapore, Ms Natasha Kwan, said that both DBS and SGX were the natural choices for collaboration as they both have a large customer base who will be able to benefit from the Windows Messenger tab service and.NET Alerts service.
		Beyond Singapore, DBS Group serves corporate, institutional and retail customers through subsidiaries and associated companies in Hong Kong, The Philippines, Indonesia and Thailand, and international banking services through a network of overseas branches and offices.
		With its acquisition of Dao Heng Bank in June, 2001, DBS is the fourth largest bank in Hong Kong by assets.
	www.microsoft.com /singapore/mssg_docs/641.aspx (1055 words)

	Asian Economic News: DBS Bank acquires Singapore's biggest stockbroker
		Singapore's largest local bank, the Development Bank of Singapore (DBS Bank), will acquire a majority stake in one of Singapore's biggest brokerages, Vickers Ballas and Co. Pte Ltd., the two companies announced Tuesday.
		The acquisition will result in the merger of Vickers Ballas and DBS Securities, which is owned by DBS Bank, to create DBS Vickers Securities, Singapore's largest securities house in terms of assets and one of the top in terms of market share.
		According to a statement from DBS Bank, the combined firm will have total assets of S$1,549 million, making it the largest stock brokering firm in Singapore, and one of the largest in the region.
	www.findarticles.com /p/articles/mi_m0WDP/is_2001_Feb_19/ai_70709408 (413 words)

	Asian Development Bank -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-09)
		The Asian Development Bank (ADB) is a non-profit finance institution with many (A native or inhabitant of Asia) Asian governments as shareholder members who are also the recipients of funding where appropriate.
		The headquarters are at 6 ADB Avenue, (additional info and facts about Mandaluyong City) Mandaluyong City, (additional info and facts about Metro Manila) Metro Manila, (A republic on the Philippine Islands; achieved independence from the United States in 1946) Philippines.
		The bank is led by a President, who is always from (A constitutional monarchy occupying the Japanese Archipelago; a world leader in electronics and automobile manufacture and ship building) Japan and appointed by the Japanese government.
	www.absoluteastronomy.com /encyclopedia/a/as/asian_development_bank.htm (1317 words)

	US$200 Million Commercial Paper Program for COFCO Capital Corporation Signed (Site not responding. Last check: 2007-10-09)
		Bank of America, with US$614 billion in assets, is the largest bank in the United States, with full-service consumer and commercial operations in 21 states and the District of Columbia.
		Bank of America provides financial products and services to 30 million households and two million businesses, as well as providing international corporate financial services for transactions in 190 countries.
		Bank of America (BAC) stock is listed on the New York, Pacific, London, and Tokyo stock exchanges.
	www.bankofamerica.com /newsroom/press/press.cfm?PressID=press.19990908.01.htm&LOBID=10 (420 words)

	CNN - Singapore sale system snafu robs shoppers - July 9, 1999
		Singapore (IDG) -- Consumers in Singapore saw a total of 400,000 Singapore dollars (equivalent to $235,807 in U.S. currency) wrongly debited from their bank accounts through a crash in the country's cashless point-of-sale system over the last week.
		About 4,500 transactions were affected by the problem, which was caused by congestion in the bank's computer clearance system, bank President Ng Kee Choe said Wednesday at a press conference.
		Ng said that later Development Bank will increase the number of communications channels between its own systems and those of NETS from 96 to 128.
	www.cnn.com /TECH/computing/9907/09/snafu.idg (401 words)

	Clean Air Initiative: Asia - Oil Industry Dialogue for Cleaner Fuels in Asia
		The oil companies announced their commitment to the dialogue by endorsing the Singapore Statement which establishes the dialogue process, reflecting the significance attached by the major oil companies in Asia to environmental stewardship in their operations.
		The "Singapore Statement" was formally approved at the meeting (read press release).
		CAI-Asia is developing briefing papers in support of this dialogue focusing on the impacts of fuels on vehicle emissions, producing cleaner fuels, and on the role of tax incentives, subsidies and pricing in the introduction of cleaner fuels in Asia.
	www.cleanairnet.org /caiasia/1412/article-58858.html (366 words)

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