Ntegrator announces $59 mil contract win from regional service provider in Singapore

SINGAPORE (April 2): Ntegrator says it has secured a $58.6 million contract from a repeat customer whom the company only refers to as a "Singapore-based regional service provider.

The project, which commenced on Monday, involves the installation of pipelines and manholes; installation, maintenance and diversion services for infrastructure cables; and the service provision and maintenance of business services across the eastern, western and central parts of Singapore.

It will cover a two-year period with the option to extend for a further period of one year.

Poor segment performance & competition still a drag on StarHub's earnings, say analysts

SINGAPORE (Feb 18): RHB Research and UOB Kay Hian are maintaining their “neutral” and “sell” calls on StarHub with target prices of $2.02 and $1.45, respectively.

Meanwhile, Phillip Capital has downgraded its rating on StarHub to “neutral” from “accumulate” with a lower target price of $1.58 compared to $1.88 previously.

This comes after the telco concluded FY18 with 26.2% lower earnings of $201.5 million and announced a final dividend of 4 cents.  

Monetary policy via Facebook is Southeast Asia in turmoil

SINGAPORE/JAKARTA/MANILA (Aug 24): As the economic landscape gets more rocky, Southeast Asia’s central bankers are turning to Facebook and YouTube for help in getting their messages across.

The Bank of Thailand was the latest to adopt a live video-streaming of its policy announcement in August, three months after the Philippine central bank did the same. Bank Indonesia, which has more Twitter followers than the Federal Reserve, recently stepped up broadcasts of its policy decisions to every month.

Addvalue and Inmarsat ink worldwide agreement to take IDRS to market

SINGAPORE (Aug 11): Addvalue Technologies, the developer and supplier of mobile satellite terminals, has formalised a worldwide agreement with UK-listed Inmarsat to jointly offer its Inter-Satellite Data Relay Service (IDRS) to the Low Earth Orbit (LEO) satellite market.

The Inmarsat and Addvalue IDRS service agreement comes after the two companies signed a memorandum of understanding, which was announced by Addvalue this year on Feb 2.

Buffett says Apple stake boosted to more than US$18 billion

Warren Buffet

NEW YORK (Feb 28): Berkshire Hathaway Inc. increased its stake in iPhone maker Apple Inc. to about 133 million shares, Chairman Warren Buffett told CNBC.

That’s more than twice as much as Berkshire held as of Dec. 31, the billionaire told the cable network in an interview Monday. The stake is valued at more than US$18 billion ($25.3 billion), based on Friday’s closing price of US$136.66.


Samsung teases release of Galaxy S8, shows new tablets

Attendees look at the new Samsung Galaxy S3 tablet in Barcelona on Feb. 26. Photographer: Chris Ratcliffe/Bloomberg

BARCELONA/SEOUL (Feb 27): Samsung Electronics Co. teased its coming Galaxy S8 smartphone and released new tablets targeting video-gamers and professionals as the company seeks to regain ground lost after pulling its Note 7 from shelves last year.


What Singapore’s financial sector could really use right now

SINGAPORE (Jan 12): Accenture, the global professional services company, has published a new report suggesting that as financial services firms look to integrate robot and human services, they face the challenge of blending a physical presence with advanced digital user-experiences.

Accenture’s Distribution & Marketing Consumer research study includes a survey of nearly 33,000 consumers across 18 countries and regions.


ST Electronics security solution gains approval for UK government use

SINGAPORE (Dec 23): ST Electronics says its AgilFence Perimeter Intrusion Detection System (PIDS) has met the UK Centre for the Protection of National Infrastructure (CPNI) standard.

This covers the PIDS’ use for protection of critical national infrastructure covering communications, emergency services, energy, financial services, food, government, health, transport and water sectors.

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