The artist as leader

ANDREW Penn, CEO of Australia telecommunications giant, Telstra, loves to paint. When we met recently he says, half in jest, that some paint is still visible under his nails - he had been painting over the weekend. Mr Penn is a bit shy about his hobby - he thinks he is still not good enough to hold...

Singapore fintech investment down 65% in 2016: KPMG

IN 2016, there was a 65 per cent drop in overall investment in Singapore-based fintech companies, down from US$605 million to US$214 million, according to a KPMG International study Pulse Of Fintech.

ST Engineering's Q4 earnings rise 21% to S$170.4m

SINGAPORE Technologies Engineering (ST Engg) recorded a fourth-quarter net profit growth of 21 per cent to S$170.4 million from S$140.8 million a year ago.
HOCK LOCK SIEW

Tough year ahead for Singapore telcos

THE next couple of months will be an interesting period for the Singapore telecoms industry. First a spectrum auction will be held by the Infocomm Media Development Authority (IMDA) of Singapore for newly freed-up spectrum. After that, in April, the three incumbents - Singapore Telecommunications (...

Assurity to offer extra layer of digital protection

ASSURITY Trusted Solutions, owned by Government Technology Agency (GovTech), signed an agreement on Tuesday with V-Key, a leading player in digital mobile security solutions, to deliver a new form of authentication via V-Key's mobile soft token application called V-Tap...

Assurity to provide new level of authentication

GOVERNMENT Technology Agency (GovTech) owned Assurity Trusted Solutions on Tuesday signed an agreement with V-Key, a leading player in digital mobile security solutions, to deliver a new form of authentication via V-Key's mobile soft token application called V-Tap...

Technology a way to mitigate manpower shortage in healthcare

HEALTHCARE is a key concern for the government, given Singapore's ageing population. Chee Hong Tat, Minister of State for Health, recently noted that Singapore's rapid ageing poses twin challenges: higher demand for healthcare and aged care, and a slowdown in labour force growth...

ST Telemedia adds to its data centre portfolio

ST Telemedia's wholly owned subsidiary, ST Telemedia Global Data Centres, (STT GDC), announced on Monday the addition of three colocation facilities in Singapore, following the completion of the second phase of its strategic joint venture partnership with Tata Communications...

Singtel prepares for NetLink Trust IPO

SINGAPORE Telecommunications Ltd (Singtel) is preparing to divest more than 75 per cent of its 100 per cent shareholding in NetLink Trust (NLT), Singtel's CEO Chua Sock Koong said on Thursday. ...

Micro-Mechanics' Q2 profit up 23.5%

SEMICONDUCTOR tool-maker Micro-Mechanics' fiscal second-quarter net profit rose 23.5 per cent to S$3.36 million, driven mainly by higher sales in Singapore, Malaysia and the US...
TOPLINE

Reaching the apex in a game of innovation

THE Singapore flag flew high last month at CES, the Consumer Electronics Show, in Las Vegas, thanks to gaming company Razer.

StarHub Q4 net profit down 33.2% to S$54m

LOWER revenue from equipment sales, among other factors, contributed to a 33.2 per cent drop in StarHub's fourth quarter net profit for the period ended Dec 31, 2016. Net profit for the quarter was S$54 million - down from the S$80.8 million it bagged one year ago. Revenue for the period was...

StarHub's Q4 profit down 33.2% to S$54m

STARHUB'S net profit for the fourth quarter ended Dec 31, 2016, fell 33.2 per cent to S$54 million, from S$80.8 million one year ago. Revenue for the period was flat with a 0.2 percentage-point gain to S$634.8 million, from S$633.8 million one year ago...

M1's Q4 net profit down 27.1% to S$31.8m

WITH traditional telecommunication services being disrupted by OTT (over-the-top) services, M1 on Tuesday reported a 27.1 per cent drop in fourth-quarter net profit to S$31.8 million, from S$43.6 million one year ago, for the period ending Dec 31, 2016.

M1's Q4 profit down 27.1% to S$31.8m as traditional telco services take a hit

WITH traditional telecommunication services disrupted by over-the-top services, M1 on Tuesday reported a 27.1 per cent fall in net profit for the fourth quarter ended Dec 31, 2016, to S$31.8 million, from S$43.6 million in the year-ago period.

Keppel DC Q4 DPU lower on bigger unit base

KEPPEL DC Reit has achieved a distributable income of S$14.77 million for its fourth quarter ended Dec 31, 2016, up 2 per cent year-on-year.

Keppel DC Reit declares distribution of 2.8 cents per unit for H2 2016

FOR the fourth quarter which ended on Dec 31, 2016, Keppel DC Reit's distribution per unit (DPU) was down 20.1 per cent to 1.31 Singapore cents from the 1.64 Singapore cents achieved in the year-ago quarter. Distributable income for the fourth quarter was up 2 per cent to S$14.77 million from...

ST Electronics to pick up 51% stake in SPTel

SINGAPORE Technologies Electronics (ST Electronics), the electronics arm of Singapore Technologies Engineering (ST Engineering), has entered into a conditional share purchase agreement to acquire a majority stake in SP Telecommunications (SPTel), according to a company filing on Wednesday.

ST Electronics proposes to buy 51% stake in SPTel

SINGAPORE Technologies Electronics (ST Electronics), the electronics arm of Singapore Technologies Engineering (ST Engineering), has entered into a conditional share purchase agreement to acquire a majority stake in SP Telecommunications (SPTel), according to a company filing on Wednesday.

ST Engg's aerospace arm bags S$840m of orders in Q4

SINGAPORE Technologies Engineering's aerospace arm secured new contracts worth around S$840 million in the fourth quarter of 2016...

ST Aerospace bags orders worth S$840m in Q4 of 2016

THE aerospace arm of Singapore Technologies Engineering (ST Engineering), ST Aerospace (Singapore Technologies Aerospace), secured new contracts worth around S$840 million during the fourth quarter of 2016.

StarHub, M1 ink deal on deeper cooperation

AS Singapore's telecommunication industry gets ready to welcome a new player, the existing second and third telcos by market share have decided to explore options of working more closely together...

StarHub, M1 sign MOU for deeper cooperation on mobile network

AS Singapore's telecommunication industry gets ready to welcome a new player, the existing second and third telcos by market share have decided to explore options of working more closely together...

Rolls-Royce signs MOU with A*Star to deepen collaboration

BRITISH aero-engine maker Rolls-Royce and A*Star signed a memorandum of understanding (MOU) on Jan 9 to advance its digital capabilities and, at the same time, facilitate the growth of the supporting digital ecosystem in Singapore.
HOCK LOCK SIEW

TPG Telecom has to juggle capex between Singapore and Australia

IT could be said that Australian telco TPG Telecom, owned by reclusive Malaysian-born billionaire David Teoh, enacted a set-piece veni, vidi, vici (Latin for: I came, I saw, I conquered) manouevre by winning the right to be Singapore's fourth telco. Ever since the government announced its...