Telcos face new rivals, old problems

COME 2015, the Big Three telcos will find themselves competing harder not just with each other but with smaller players keen on their turf. At the same time, the operators will keep grappling with old chestnuts such as when data monetisation will pay off...

Banking & Finance

The government is proposing - and seeking feedback on - new policies to enhance credit co-operatives' (credit co-ops) financial prudence, governance and management capabilities, with changes targeted for full implementation by 2018...

Companies & Markets

[SYDNEY] Cashed-up Australian telecom giant Telstra said Tuesday it has agreed to buy Pacnet, Asia’s biggest private owner of submarine communication cables, for US$697 million in one of its largest acquisition to date.

Real Estate

[HONG KONG] Former co-chairman of Hong Kong-listed developer Sun Hung Kai Properties Ltd, Thomas Kwok, was sentenced to five years in jail and a HK$500,000 (US$64,440) fine on Tuesday for corruption in the city's highest profile graft case...

Energy & Commodities

[SINGAPORE] Brent crude oil prices edged up on Tuesday following a volatile session the day before that saw contracts jump over 2 percentage points before falling back to not much more than US$60 a barrel.

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Rouble rousing

Will the rouble rout set off a major currency crisis to rival the shocks of the late 1990s?

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