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Singapore Telecommunications Limited (Z77.SI)

SES - SES Delayed Price. Currency in SGD
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2.4800+0.0100 (+0.40%)
At close: 05:06PM SGT
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  • Reuters SG

    UPDATE 1-Singtel, Grab acquire minority stakes in Indonesian bank

    Singapore Telecommunications , Southeast Asia's largest telecoms firm, and ridehailing-to-payments firm Grab Holdings Ltd, have each bought a 16.3% stake in PT Bank Fama International to pursue banking opportunities in Indonesia. Indonesian conglomerate Elang Mahkota Teknologi Tbk (Emtek), the majority owner of the bank, said on Friday that it sold the stakes to units of Singtel and Grab to "accelerate and expand business growth" of Bank Fama.

  • Reuters SG

    Singtel buys minority stake in Indonesian bank for about $35 mln

    Singapore Telecommunications , Southeast Asia's largest telecommunications operator, said on Friday it has bought a 16.3% stake in PT Bank Fama International for 500 billion rupiah ($34.9 million) to pursue banking opportunities in Indonesia. Singtel said its wholly owned subsidiary Singtel Alpha Investments acquired 2.4 billion new shares issued by the Indonesian bank, which is majority owned by a unit of conglomerate Elang Mahkota Teknologi Tbk. Singtel, which has been seeking to grow outside its traditional telco business, has a digital banking joint venture in Singapore with Grab Holdings Ltd. The joint venture has also applied for a digital banking licence in Malaysia.

  • Reuters SG

    EMERGING MARKETS-S.Korean won marks best day in over 1 month on rate hike hopes

    * Thai shares and baht gain after central bank assurance * Equities in Singapore gain most, led by rise in Singtel By Archishma Iyer Jan 11 (Reuters) - South Korea's won led gains among Asian currencies on Tuesday as upbeat economic data raised prospects of an interest rate hike, while telecom stocks kept Singapore shares on track for a fourth straight session of rise. The Indian rupee, Malaysia's ringgit and Singapore's dollar firmed between 0.2% and 0.3%, as the U.S. dollar stalled a day before crucial inflation data which could provide more clarity on policy normalisation by the Federal Reserve. The won firmed by 0.4% to 1,194.70 per dollar, notching its best session since Dec. 1, as robust partial trade data for January added to the case for monetary policy tightening by the Bank of Korea (BoK) when it meets on Friday.