In a statement on Dec 11, ST Telemedia said it has provided funding to U Mobile from time to time in the form of “certain financial instruments” and they will form part of the sale. ST Telemedia owns ...
Temasek Firm’s Deal Values Malaysia 5G Winner at $1.7 Billion
A Temasek Holdings Pte firm’s stake sale agreement values U Mobile Sdn. at about 7.5 billion ringgit ($1.7 billion), according to people familiar with the matter, after the Malaysian phone company won ...
Telco consolidation may not necessarily lead to recovery in mobile revenues
COMPETITION for mobile revenues among Singapore’s telcos has been intense, and it appears that prices for mobile phone plans have yet to find a bottom. Read more at The Business Times.
Singapore sees 240% surge in GenAI course enrollments as employers demand tech-savvy talent
SINGAPORE: The Lion City has experienced a remarkable 240% increase in enrollments for generative artificial intelligence (GenAI) courses, according to a recent report by Coursera as reported by the ...
Singapore GDP growth forecasted to ease to 2.4% in 2025
Manufacturing sector is anticipated to remain a key driver of economic growth. Singapore’s GDP growth for 2025 is expected to moderate to 2.4%, down from an estimated 3.0% in 2024, CGS International ...
Singapore stocks showed little movement as trading began on Wednesday
In the broader market, 46 stocks fell while 45 rose, with 46.8 million securities valued at S$82.4 million traded ...
Grab suspends driver who used phone while driving, gives passenger apology and refund
Ride-hailing firm Grab has suspended a driver who was caught on video using his mobile phone while at the wheel. Read more at stomp.straitstimes.com ...
COMMENT | S’pore may have had over 70pct stake in U Mobile
COMMENT | A Singapore government-owned company may have had a stake of over 70 percent in U Mobile when it announced on Dec 4 its divestment of a “majority” stake (over 50 percent) in the company ...
Paytm Singapore Offloads Japan’s PayPay Stake to SoftBank Vision Fund 2 for USD 279.2 Mn
The sale proceeds will bolster the cash reserves of Paytm's parent company, One97 Communications, enhancing its ability to pursue future business initiatives focused on creating shareholder value.
Singapore to Launch New E-Payment Solutions, Extends Deadline for Corporate Cheques
The new solutions, EDP and EDP+, will complement Singapore’s existing e-payment platforms, including PayNow, FAST, GIRO, and MEPS+.
Singapore tycoon behind RM228m electronic scrap scam arrested in Johor after 19 years on the run
Singaporean businessman Ng Teck Lee, 58, and his wife, Thor Chwee Hwa, 55, were arrested in Malaysia yesterday after nearly two decades on the run over a multimillion-dollar embezzlement case, The ...
Singapore’s factory output growth down to 1.2% in October, misses expectations
SINGAPORE’S factory output rose 1.2 per cent year on year (yoy) in October, a far more modest increase than in the previous month’s surprise jump, data from the Economic Development Board (EDB) showed ...
Google’s Fitbit Ace LTE for kids just got a massive $70 price cut for Black Friday
I wasn't expecting any Black Friday deals on Google's Fitbit Ace LTE smartwatch, but Amazon has just surprised us with a hefty saving on Google's child-friendly smartwatch. Right now you can get ...
StarHub’s Giga under investigation by IMDA for e-SIM security lapse
Telco StarHub is being investigated by the sector's regulator for failing to verify the identity of users requesting to port their Giga e-SIMs to another phone. The Straits Times understands that for ...
‘Deepfake extortion plot could’ve destabilised Singapore’s politics ahead of elections’
Experts suggest the recent deepfake extortion plot in Singapore could have been driven by motivations beyond just financial gain, with the perpetrators possibly seeking to destabilize the country’s ...
Singapore’s ST Telemedia sells “majority stake” in U Mobile to Mawar Setia Sdn Bhd
U Mobile's foreign ownership is set to reduce from 48% to 20% as ST Telemedia sales "majority stake" to Mawar Setia Sdn Bhd.