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Coffeeshop Chit Chat - Temasek lost Antitrust Breach Appeal</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>6:38 am </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 3) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>33597.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Bloomberg
Temasek Loses Final Indonesia Antitrust Breach Appeal (Update1)
May 24, 2010, 1:45 AM EDT
By Widya Utami and Achmad Sukarsono
May 24 (Bloomberg) -- Temasek Holdings Pte. lost a final appeal against an Indonesian ruling that the Singapore state- owned company breached anti-monopoly laws, Indonesia’s Supreme Court said today on its Web site.
The same court in September 2008 rejected a previous appeal and upheld a judgment by Indonesia’s competition regulator KPPU that Temasek breached antitrust laws by using indirect stakes in PT Telekomunikasi Selular, known as Telkomsel, and PT Indosat, Indonesia’s top two mobile-phone service providers, to fix prices. The Central Jakarta district court first ruled in KPPU’s favor in May 2008.
“The judicial review panel basically strengthened the previous Supreme Court ruling against the appeal,” KPPU spokesman Junaidi Masjhud said today in an e-mailed statement. The ruling is “a valuable push for KPPU to continue creating healthy business competition in the telecommunications industry,” he said.
KPPU hasn’t received a copy of the ruling, Masjhud said.
Goh Yong Siang, Temasek’s senior managing director for strategic relations, said today it was inappropriate to comment as the company had received no official notification from the Supreme Court.
Temasek has said it would take the case to international arbitration if Indonesia’s courts don’t rule in its favor. Perry Cornelius, Temasek’s lawyer in Indonesia, couldn’t be reached for comment.
Temasek’s Singapore Technologies Telemedia Pte Ltd unit sold its stake in Indosat, Indonesia’s second largest mobile- phone services provider, to Qatar Telecom QSC in June 2008 after the district court ruling came out.
A unit of Singapore Telecommunications Ltd., Southeast Asia’s biggest phone operator which is majority owned by Temasek, has a 35 percent stake in Telkomsel, the company with the biggest customer base among Indonesia’s 11 mobile-phone carriers.
--With reporting by Joyce Koh in Singapore. Editors: Aaron Sheldrick, Douglas Wong
To contact the reporter on this story: Widya Utami in Jakarta at [email protected]. Achmad Sukarsono in Jakarta at [email protected].
Ho Ching needs a kangaroo court like Singapore to win. This whore has no power outside Singapore.
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Temasek Loses Final Indonesia Antitrust Breach Appeal (Update1)
May 24, 2010, 1:45 AM EDT
By Widya Utami and Achmad Sukarsono
May 24 (Bloomberg) -- Temasek Holdings Pte. lost a final appeal against an Indonesian ruling that the Singapore state- owned company breached anti-monopoly laws, Indonesia’s Supreme Court said today on its Web site.
The same court in September 2008 rejected a previous appeal and upheld a judgment by Indonesia’s competition regulator KPPU that Temasek breached antitrust laws by using indirect stakes in PT Telekomunikasi Selular, known as Telkomsel, and PT Indosat, Indonesia’s top two mobile-phone service providers, to fix prices. The Central Jakarta district court first ruled in KPPU’s favor in May 2008.
“The judicial review panel basically strengthened the previous Supreme Court ruling against the appeal,” KPPU spokesman Junaidi Masjhud said today in an e-mailed statement. The ruling is “a valuable push for KPPU to continue creating healthy business competition in the telecommunications industry,” he said.
KPPU hasn’t received a copy of the ruling, Masjhud said.
Goh Yong Siang, Temasek’s senior managing director for strategic relations, said today it was inappropriate to comment as the company had received no official notification from the Supreme Court.
Temasek has said it would take the case to international arbitration if Indonesia’s courts don’t rule in its favor. Perry Cornelius, Temasek’s lawyer in Indonesia, couldn’t be reached for comment.
Temasek’s Singapore Technologies Telemedia Pte Ltd unit sold its stake in Indosat, Indonesia’s second largest mobile- phone services provider, to Qatar Telecom QSC in June 2008 after the district court ruling came out.
A unit of Singapore Telecommunications Ltd., Southeast Asia’s biggest phone operator which is majority owned by Temasek, has a 35 percent stake in Telkomsel, the company with the biggest customer base among Indonesia’s 11 mobile-phone carriers.
--With reporting by Joyce Koh in Singapore. Editors: Aaron Sheldrick, Douglas Wong
To contact the reporter on this story: Widya Utami in Jakarta at [email protected]. Achmad Sukarsono in Jakarta at [email protected].
Ho Ching needs a kangaroo court like Singapore to win. This whore has no power outside Singapore.
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