• Singapore plans to auction radio frequencies for use by a fourth carrier this year, challenging Singapore Telecommunications Ltd. or Singtel and its two smaller rivals. “The only way that they can gain customers will be by way of reducing prices,” Chua Sock Koong, Singtel’s chief executive officer, said in a Bloomberg …

  • This is why Singtel's CEO is scared of a fourth telco

    Singtel's big boss voiced fears that allowing a fourth telco into Singapore's mobile market will hurt the already-saturated industry, according to a report by Bloomberg. Chua Sock Koong, Singtel's CEO, is worried that a fourth player will focus too much on price, which will in turn push incuments to slah prices aggressively. …

  • DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp. have submitted non-binding bids for Barclays Plc’s Asian private wealth business, people familiar with the matter said. New Chief Executive Officer Jes Staley has also imposed a hiring freeze and plans to cut jobs at the investment bank and shut securities operations …

  • Singtel, Southeast Asia's biggest telecom firm by revenue, said the profit decline was mainly due to the Singapore dollar gaining against the currencies of countries where it has businesses

    Singapore Telecom blamed the strength of the local dollar after it announced Friday net profit fell 1.7 percent in the quarter to the end of December. Net profit totalled Sg$954 million ($683 million), down from Sg$970 million in the same period the year before. Singtel, Southeast Asia's biggest telecom firm by revenue, …

  • PM Lee Is In SF Now, And He Rode On Tesla’s Model S P90D And Google’s Self-Driving Car!

    Most of you might have heard this, Singapore’s Prime Minister Lee Hsien Loong is currently on a working trip at San Francisco. As part of the visit to San Francisco, PM will be meeting: Governor of California Jerry Brown Tesla … The post PM Lee Is In SF Now, And He Rode On Tesla’s Model S P90D And Google’s Self-Driving …

  • Credit Suisse Group AG is advising its private-banking clients to buy the yen against the euro or South Korean won because the Japanese currency remains undervaluedversus the dollar. Stamford Management Pte, which oversees $250 million for Asia’s rich, told clients the yen is set to strengthen to 110 against the greenback …

  • It’s official: DBS is no longer Asia’s largest bank

    Indonesia’s BCA snatched the crown. Indonesian lender Bank Central Asia is now the region’s largest bank in terms of market capitalisation, toppling Singapore-based DBS from the top spot. This chart from ...

  • The head of Singapore’s biggest phone company said she’s concerned the entry of a new operator will drive the focus of the competition to just price and will hurt the industry. Singapore plans to auction radio frequencies for use by a fourth carrier this year, challenging Singapore Telecommunications Ltd. or Singtel and …

  • Typically regarded as the more vulnerable currencies in Asia to external shocks, the ringgit, baht, and rupiah are proving the most resilient on their relatively lower exposure to China and a dovish Federal Reserve. The Malaysian, Thai and Indonesian exchange rates are the top three performers among Asia’s emerging markets …

  • Silverlake Axis’ H1 attributable profit inches up 3% to $22.33m

    Silverlake Axis Ltd (SAL) closed the first half FY16 with an attributable net profit of RM135.2m, or roughly $22.3m, reflecting a marginal YoY climb of 3%. According to the company’s announcement, this is thanks to higher profit before tax on back of increased revenue from most revenue segments as well as the appreciation …

  • The construction of Crowne Plaza Changi Airport hotel's 10-storey extension has reached its halfway mark, developer OUE Limited announced in a filing to the Singapore Stock Exchange on Thursday (12 February). The hotel extension is built using the Prefabricated Pre-finished Volumetric Construction (PPVC) method, making …

  • Authorities raise the alarm over sharp spike in internet scams

    Online crimes almost doubled in 2015. Singapore saw a staggering increase in online crime last year, according to latest statistics from the Singapore Police Force. The number of online commercial crimes ...

  • Worries about an economic slowdown havent dampened Singapores building boom, with a number of star architects designing stunning new projects that have not only won international awards, but are set to alter the citys skyline. One example is the soon-to-be completed Tanjong Pagar Centre, Singapores tallest tower. Completed …

  • Indian equity-index futures advanced after the benchmark stock gauge entered a bear market and earnings at the nation’s largest coal producer beat estimates. SGX Nifty Index futures for February delivery rose 1.3 percent at 10:18 a.m. in Singapore, after the underlying Nifty 50 Index plunged 3.3 percent on Thursday, capping …

  • Singapore Telecommunications Ltd. reported a 1.7% year-on-year fall in its net profit in the fiscal third quarter, mainly because the Singapore dollar gained against the currencies of countries where the ...

  • Tourist spending still down even as number of visitors inch up

    After declining steeply from January to April, visitor arrivals staged a recovery from May onwards on back of double-digit growth in arrivals from China. The number of Chinese visitors—who make up one of Singapore's largest tourism markets—rose 21.2% from January to November.

  • Chart of the Day: Here’s proof that SREITs are still better than government bonds

    They offer much higher yields. Singapore-listed REITs offer a safe haven for investors who are terrified of escalating market volatility, according to a report by DBS. DBS noted that SREIts have outperformed ...

  • Daily Briefing: How to survive the economic downturn; Profits galore for Boon Keng flat owners

    In this coming year too, the government has also warned about the impending downturn that will be hitting Singapore. Corporates and SMEs alike in Singapore, most are tightening their belt this year, and some are even actively retrenching employees to save cost. Housing Board data shows that three- to five-room flats there …

  • Gold’s explosive start to 2016 has lifted prices to the highest level in a year as investors flee a bear market in global stocks, a weakening dollar and the fallout from the spread of negative interest rates. “It’s Friday and fear is in control of markets,” Australia & New Zealand Banking Group Ltd. said in a note to clients. …

  • China’s total net exports of oil products -- a measure that strips out imports -- will rise 31 percent this year to 25 million metric tons, China National Petroleum Corp., the country’s biggest energy company, said in its annual research report last month. “If China dumps more fuel into the market, international prices …

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