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NEWS UPDATES Asean Affairs     August 22,  2016  

SingTel to invest US$1.8b in Thailand and India groups

Friday, August 19, 2016

SINGAPORE Telecom yesterday it will spend US$1.8 billion to take a stake in Thailand’s Intouch and raise its share of India’s Bharti, boosting its access to fast-growing Asian and African mobile markets.

SingTel, Southeast Asia’s biggest telecom group by revenue, will acquire 21 per cent of Intouch and an additional 7.39 per cent in Bharti Telecom from state-linked investment company Temasek.

“This is a unique opportunity for us to deepen our relationships with two great market leaders,” Singtel chief executive Chua Sock Koong said in a statement.

Intouch is the largest shareholder in Thailand’s top mobile operator Advanced Info Services (AIS).

Bharti Telecom Limited is the holding company of Bharti Airtel, India’s largest telecommunications company.

The two operators have a combined mobile customer base of more than 380 million people across Asia and Africa, SingTel said.

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ASEAN NEWS UPDATES      Updated: 04 January 2011

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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


Indonesia  to launch 13th economic package this month

Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.

Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.

"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.

 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




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