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NEW UPDATES Asean Affairs   27 June 2014  

SingTel to be cautious with Internet investments

SINGAPORE: With valuations for internet firms at record highs, Singapore Telecommunications (SingTel) will be cautious when investing in the digital space, the firm said in its annual report.

"Group Digital L!fe is delivering to expectations, giving us the confidence to expand further into the digital space," SingTel chairman Simon Israel said in the report released on Thursday (June 26). "However, with valuations of Internet companies at record-high levels, we have been cautious in our investments."

SingTel, Singapore's largest company by market capitalisation, has been trying to develop new growth engines in the digital space to complement its existing mobile and fixed line services that have become increasingly commoditised.

The strategy includes investing in technology start-ups to help generate new content and services. Earlier this month, SingTel said its subsidiary Amobee will spend US$359 million (S$450 million) to buy over advertising technology companies Adconion and Kontera Technologies.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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