Friday, December 21, 2007

Singapore Investment in Merrill Lynn & UBS

After Singapore Government of Investment Corp announced a 9% stake investment in UBS for S$14b a week ago, Singapore Investment arm of Temasek Holding are currently in talk with Merrill Lynn to take an investment of US$5b into the US bank....

Look like Singapore may tapped on Merrill Lynn & UBS High Net Worth Individuals lists coming to the the 2 Integrated Resorts for some gaming activities when the 2 IR opens in a few year time... sound interesting