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Singapore Telecommunications (Singtel)
Global Economy
Briefs
SINGAPORE (Sept 23): “I don’t want you to listen to me. I want you to listen to the scientists. And then I want you to take real action.” – 16-year-old climate change activist Greta Thunberg addressing the US Congress on Sept 19.
September 20, 2019
Zest
Singtel tops sector amid headwinds; StarHub leads in ROE; SIA, SBS Transit winners too
SINGAPORE (Sept 16): The transport, storage and communications sector has seen quite a shake-up in the last year. Among the telcos, M1 delisted, even as new providers entered the market. Meanwhile, in the transport segment, taxi operators are still fighti
September 13, 2019
Right Timing
Rebound should continue
SINGAPORE (Aug 30): The rebound by the Straits Times Index appears tentative but is likely to continue as quarterly momentum continues to recover.
August 30, 2019
Global Economy
Briefs
SINGAPORE (Aug 26): “This is a trade war that should have taken place a long time ago. Somebody had to do it. I am the chosen one.” — US President Donald Trump on the ongoing trade war with China.
August 23, 2019
Fintech
OCBC in talks with Singtel about virtual bank licence, say sources
SINGAPORE (Aug 21): Oversea-Chinese Banking Corp (OCBC) is in talks with companies including Singapore Telecommunications about seeking one of the city-state's planned virtual bank licenses, according to people familiar with the matter.
August 21, 2019
Results
Singtel performance continues to be impacted by Airtel, macro environment
SINGAPORE (Aug 8): Singtel’s 1Q results might have been impacted by losses from Indian associate Bharti Airtel, however the telco believes the worst could be over as Airtel is one of the three operators to survive the industry consolidation.
August 08, 2019
Results
Flash: Singtel reports 35% lower 1Q earnings of $541 mil
SINGAPORE (Aug 8): Singtel reported 1Q earnings ended June of $541 million, or 3.32 cents per share, 35% lower than the $832 million a year ago.
August 08, 2019
Company in the news
S&P cuts Singtel's outlook to 'negative'; expects poorer performance from associates
SINGAPORE (Aug 1): In yet another blow to Singapore’s biggest telco, S&P Global Ratings has cut Singapore Telecommunications’ outlook to “negative”, citing more intense regional competition and increasing cash needs for capital expenditure and div
August 01, 2019
Markets
Fed rate cut will support US dollar, Singtel's credit outlook trimmed
SINGAPORE (Aug 5): The US Federal Reserve has cut interest rates for the first time since December 2008, following intense pressure from US President Donald Trump to stimulate the economy. Interest rates are down 25 basis points to 2% to 2.25%, a decisio
August 01, 2019
Tech
TPG Telecom's operations held back by lack of investment
SINGAPORE (July 29): More than half a year after the highly anticipated launch of TPG Telecom, Singapore’s long-awaited fourth telco, its services have been found wanting. A recent report by mobile analytics company Opensignal highlights the deficiencie
July 26, 2019