An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, a subsidiary of Temasek Holdings, which is owned by the government of Singapore and whose CEO is the wife of the country’s prime minister, has a 45 percent stake in Cambodia Post Bank, the source said. Temasek owns a $173 billion portfolio, with investments mainly in Asia covering everything from financial services
© 2013, The Cambodia Daily. All rights reserved. No part of this article may be reproduced in print, electronically, broadcast, rewritten or redistributed without written permission.

More...