Singapore Telecommunications posted on Wednesday a 33 percent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid.
Singapore Telecommunications posted on Wednesday a 33 percent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid.
A victory by former prime minister Nawaz Sharif in Pakistan's general election has lifted stocks to an all-time high - a sign that investors, which include Goldman Sachs and Mark Mobius of Templeton, are betting on further market gains.
Singapore Telecommunications (SingTel) isn't ruling out additional job cuts at its Australian operation Optus in an effort to drive down costs after slashing headcount by almost 10 percent over the last nine months.
Singapore Telecommunications, Southeast Asia's largest telecom operator, reported on Thursday a worse-than-expected 8.3 percent fall in third quarter net profit and reiterated its forecast for a fall in revenues this year.
Lee Hsien Yang, the brother of Singapore's prime minister and chairman of Fraser and Neave (F&N), will enter a new chapter in his corporate life - and could well leave F&N - as the group looks set to be taken over by Thailand's third-richest man.