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Coffeeshop Chit Chat - Temasek kuai kuai paid up</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Guestman551 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Feb-10 10:35 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 12) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>44439.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt><TABLE border=0 cellSpacing=0 cellPadding=0 width=789><TBODY><TR><TD vAlign=top width=5></TD><TD vAlign=top width=784 colSpan=2>Temasek Holding pays US$1.7m fine
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</TD></TR><TR><TD height=60 vAlign=top></TD><TD class=update height=80 vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD bgColor=#f6f6f6 width=138>Photos </TD><TD bgColor=#f6f6f6 width=47>1 of 1</TD><TD bgColor=#f6f6f6 width=18></TD><TD bgColor=#f6f6f6 width=19></TD><TD bgColor=#f6f6f6 width=18></TD></TR></TBODY></TABLE>
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SINGAPORE: Temasek Holdings said it has made payment of a US$1.7 million fine to the Indonesia State Treasury after Indonesia's Supreme Court upheld a previous ruling that said it had breached anti-monopoly laws.
Indonesia's Anti-Monopoly Commission (KPPU) had previously ruled that Temasek violated the country's antitrust laws.
This was in the country's cellular market through two Indonesian telcos - Telkomsel and Indosat.
The regulator said that both companies were controlled by Temasek through its subsidiaries.
Temasek appealed against that ruling in May 2008 and later applied to the Indonesian Supreme Court for a Civil review of the decision but was rejected both times.
In an email statement released on Friday, Temasek said it has informed both the KPPU and Central Jakarta District Court that the fine has been paid.
Temasek's Senior Managing Director of Strategic Relations, Goh Yong Siang said although the firm made the payment in compliance with the recent Indonesia Supreme Court ruling, Temasek still contends that it has never been involved in the operational or pricing decisions of either Telkomsel or Indosat, and has not contravened Indonesia's anti-monopoly laws.
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Messenger</TD></TR><TR><TD colSpan=4><HR align=left color=#dddddd SIZE=1 width=510></TD></TR></TBODY></TABLE>SINGAPORE: Temasek Holdings said it has made payment of a US$1.7 million fine to the Indonesia State Treasury after Indonesia's Supreme Court upheld a previous ruling that said it had breached anti-monopoly laws.
Indonesia's Anti-Monopoly Commission (KPPU) had previously ruled that Temasek violated the country's antitrust laws.
This was in the country's cellular market through two Indonesian telcos - Telkomsel and Indosat.
The regulator said that both companies were controlled by Temasek through its subsidiaries.
Temasek appealed against that ruling in May 2008 and later applied to the Indonesian Supreme Court for a Civil review of the decision but was rejected both times.
In an email statement released on Friday, Temasek said it has informed both the KPPU and Central Jakarta District Court that the fine has been paid.
Temasek's Senior Managing Director of Strategic Relations, Goh Yong Siang said although the firm made the payment in compliance with the recent Indonesia Supreme Court ruling, Temasek still contends that it has never been involved in the operational or pricing decisions of either Telkomsel or Indosat, and has not contravened Indonesia's anti-monopoly laws.
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