Latest News

SingTel Agrees to Buy Amobee for $321 Million to Expand Mobile Advertising

Singapore Telecommunications Ltd. (ST), Southeast Asia’s biggest phone company, agreed to buy Amobee Inc. for $321 million to expand in mobile advertising as it restructures its businesses by product type.

The acquisition of U.S.-based Amobee is expected to be completed before June, SingTel, as the Singapore-based company is known, said in a filing today.

Companies in Asia spending big on IT

Companies in Asia are projected to spend almost twice as much on infocomm technology (IT) this year than elsewhere due to an explosion in data production.

Volumes are building tenfold every five years and companies that specialize in collecting the data are racing to keep up.

Healthcare has emerged as a poster child for the industry known as, Big Data. 

It's a transaction-intensive sector which, like manufacturing and finance, is rapidly increasing its uptake.

S'pore trade set to outpace world average

Singapore's trade is expected to grow faster than the world average over the next 15 years.

This is on expectation Singapore's role as a core trade hub between Europe, North America, and the Asia Pacific region strengthens.

According to HSBC Global Connections trade forecast, world trade is expected to accelerate at an annualised rate of 3.78 per cent over the next five years from 2014.

More S'pore firms invest overseas

Investment in overseas expansion by Singapore companies increased in 2011, despite volatile economic conditions in the global markets.

That is according to the latest figures released by International Enterprise (IE) Singapore.

Singapore's direct investment outflows last year rose 9.7 per cent on-year to S$31.7 billion.

Last year, IE Singapore was approached by more than 34,400 companies looking for help in understanding and investing in overseas markets.

Famed French boulangerie, PAUL, Opens Flagship Bakery in Singapore

Singaporeans can now savour the taste of authentic French breads right at home with the arrival of renowned French boulangerie, PAUL, which opens its flagship bakery-restaurant in Singapore much to the delight of artisan bread enthusiasts and local foodies alike. A 120-year-old brand loved around the world for its handmade traditional and specialty breads, PAUL brings a true taste of France’s traditional culinary heritage to Singapore’s gourmet scene.

S'pore economy grows by 4.9% in 2011

The Ministry of Trade and Industry (MTI) announced on Thursday that the Singapore economy had grown by 4.9 per cent in 2011, after a 14.8 per cent expansion in 2010.

MTI also maintained the growth forecast for 2012 at 1.0 to 3.0 per cent.

The GDP numbers released Thursday have experts and officials agreeing that a recession for Singapore appears less than likely. 

"Trade numbers give some hope that we will not slip into recession" said MTI director Thia Jang Ping.

France 24 now available in Singapore on Singtel

France 24 has concluded a new distribution agreement in Asia and launches today on SINGTEL, the largest telecommunications company in Singapore.

France 24 English version is now available 24/7 to 350 000 households via the MiO offer, while the French version will be available "à la carte" for 9.90 Singapore dollars (6 Euros) per month.

France 24 French version will be available on channel 40 and the English channel on channel 41.