Singapore's central bank plans to issue up to five digital bank licences to suitable applicants, in a move that could deliver the biggest shake-up in two decades in a market dominated by local banks. "The new digital bank licences mark the next chapter in Singapore's banking liberalisation journey," said Tharman Shanmugaratnam, senior minister and chairman of the Monetary Authority of Singapore (MAS).
Singtel on Wednesday posted its smallest annual profit in 16 years partly due to the intense competition faced by its regional associates in India and Indonesia, and the telecom operator said it would attempt to keep a check on its expenses. Singapore Telecommunications Ltd, Southeast Asia's largest telco, reported a net profit of S$773 million ($565 million) for the quarter ended March, almost flat versus the year-ago period. Its underlying net profit, which excludes exceptional items, dropped 15% to S$697 million.
Singapore Telecommunications on Wednesday posted its smallest annual net profit in 16 years partly due to the intense competition faced by its regional associates in India and Indonesia.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Best World International Limited's (SGX:CGN) released its most recent earnings update in December 201...
Today we are going to look at Singapore Telecommunications Limited (SGX:Z74) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an in...
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. Investors may find my commentary, albeit ve...
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Singapore Telecommunications Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is ...
