Almost 90% of Asia-Pac retailers betting on click-and-collect: study

THE entry of Alibaba, through its stake in Lazada, and Amazon's entry in Singapore, have given online shopping a new impetus in the Asia-Pacific region and traditional retailers are stepping up to stay relevant...

Businesses wise up to importance of digitalisation, says study

BUSINESS leaders in Asia Pacific are showing an urgency in embracing the Fourth Industrial Revolution, with 80 per cent of them believing that they need to transform into a digital business to enable future growth.

STT data centre arm set for next stage of global expansion

AFTER three years of rapid global expansion, ST Telemedia's Global Data Centres (STT GDC) arm is ready for its next stage of growth, driven by demand from key clients who are themselves in expansion mode, both regionally and globally. ...

Singapore becomes IoT-ready as networks are rolled out

VERY soon the humble electricity meter in your house will be having its own telecom network through which it will be able to connect to a back office and give details about your electricity usage. And your water meter may not be far behind. Both will help you save money by giving you smart...

Singtel's Q1 net profit down 5.6% on associates' woes

CHALLENGING market conditions faced by associates, such as Airtel in India, pulled Singapore Telecommunications' (Singtel) first quarter net profit down 5.6 per cent to S$892 million from S$944 million one-year ago for the quarter ended June 30. Excluding Airtel, net profit increased by 3.4...
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Amazon's Singapore play a precursor to S-E Asia e-commerce battle

AMAZON has been mulling an entry into Singapore for some time and anecdotal evidence suggests it postponed a launch here at least once. The reason for that is not hard to understand: timing was of the essence. For Amazon, entering the Singapore market is not an end by itself. Rather, it is a...

StarHub Q2 profit falls 21%; revenue dips 1.1%

STARHUB, Singapore's second biggest telco, posted a 21 per cent decrease in second-quarter net profit to S$85.7 million from S$108.6 million, one year ago. This came on the back of a 1.1 per cent dip in revenue for the quarter to S$579.1 million from S$585.7 million. ...

StarHub's Q2 profit down 21% at S$85.7m

FOR the second quarter ending June 30, Singapore's second-biggest telco, StarHub, announced a 21 per cent decrease in net profit to S$85.7 million from S$108.6 million one year ago. This came on the back of a marginal decrease in revenue for the quarter to S$579.1 million from S$585.7 million...

Fintech sees fewer deals but more money in Q2

THE value of fintech investment in Singapore increased significantly in the second quarter of 2017 when compared to the year-ago quarter, despite fewer deals being completed.

Ransomware common problem for SMEs in Singapore: report

A SURVEY commissioned by cybersecurity firm Malwarebytes has shown that ransomware is a relatively common problem faced by small and medium enterprises (SMEs) in Singapore, with the research revealing that more than one-third (35 per cent) of local SMEs experienced a ransomware attack in the last...

Amazon expects to create hundreds of Singapore jobs: Iswaran

AMAZON expects to create hundreds of jobs in Singapore over the next three years, across managerial, technical and operational roles, according to S Iswaran, Minister for Trade and Industry (Industry). He was speaking on Thursday at the launch of Amazon.com's Prime Now service, which offers...

Data protection panel proposes mandatory notice of breaches

THE Personal Data Protection Commission (PDPC) has proposed a framework which would ensure that, in the event of a personal data breach where there was a risk of impact or harm, companies would have to inform the affected individuals as soon as possible.

For Singapore retail, a new Amazon challenge

AMAZON, the world's No. 1 online marketplace, is finally here. Singapore shoppers can now buy on Amazon Prime Now, the highly vaunted platform that delivers orders to your doorstep within a hitherto unheard of two hours. ...

Colt - the new fibre player for enterprise customers in S'pore

WITH disruption becoming the new normal for Singapore's telecommunications sector, it is little surprise that from October this year large enterprises in the central business district (CBD) will have the option to choose a new telco operator for their global fibre connectivity needs...

ST Electronics secures S$490m worth of contracts in Q2

THE electronics arm of Singapore Technologies Engineering (ST Engineering), ST Electronics, has secured about S$490 million worth of contracts in the second quarter of 2017. These are for rail electronics and intelligent transportation, satellite and broadband communications, and advanced...

M1's Q2 earnings fall 20.8% despite revenue rise

THE transition to a digital economy will open up new opportunities, M1 said on Tuesday as it announced a 20.8 per cent drop in second-quarter net profit to S$32.5 million despite a 4.7 per cent rise in revenue to S$251.6 million for the three months ended June 30, 2017.

M1's Q2 profit falls 20.8% to S$32.5m

HIGHER depreciation and interest expense, among other factors, contributed to a 20.8 per cent drop in telco M1's net profit for the second quarter to S$32.5 million, from S$41 million one year ago. ...

Eco-systems a must for developing technologies: ST Electronics head

ST Electronics believes that there is a need to develop industry eco-systems with the participation of government agencies, industry, research institutions, SMEs (small and medium enterprises) and startups.
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MyRepublic's plans add new twist to telecom market

A NEW twist was added to the Singapore's telecommunications market last week with fibre broadband services provider, MyRepublic, reviving its plan to become a mobile telecom services provider. It announced its intention to become an MVNO (mobile virtual network operator). MVNOs lease bandwidth...

Cybersecurity Bill seeks to protect critical information infrastructure

AS cyberattacks get more sophisticated and widespread, Singapore on Monday unveiled a comprehensive draft Cybersecurity Bill which seeks to protect Singapore's critical information infrastructure (CII), give more powers to the Cyber Security Agency (CSA), ensure proper information sharing...

Govt calls for public consultation on proposed Cybersecurity Bill

THE Ministry of Communications and Information (MCI) and the Cyber Security Agency of Singapore (CSA) have called for public feedback on the proposed Cybersecurity Bill which is likely to be tabled in Parliament later this year. The public consultation exercise started from noon on Monday, and will...

No MVNO talks with MyRepublic, says M1

SINGAPORE telco M1 has clarified that it did not make any offer to MyRepublic to be its MVNO (mobile virtual network operator) partner. The telco was reacting to media reports that MyRepublic was in the process of becoming an MVNO and had already selected one of the three incumbent telcos as its...

StarHub to acquire remaining 49% stake in Accel for up to S$26.2m

SINGAPORE telco StarHub on Friday announced an agreement to acquire the remaining 49 per cent stake in local cybersecurity services provider Accel Systems & Technologies Pte Ltd. StarHub acquired 51 per cent stake in Accel for S$19.38 million in May.

MyRepublic not buying M1: CEO

SETTING to rest months of speculation, fibre broadband services player MyRepublic said on Thursday that it was not interested in buying telco M1.

MyRepublic to become an MVNO telco, not interested in buying M1; to IPO in 2018-19

SETTING to rest months of speculation, fibre broadband services player MyRepublic said on Thursday that it is not interested in buying telco M1. Instead, in order to fulfil its mobile telco aspirations, the company will become a mobile virtual network operator (MVNO) in Singapore, buying mobile...