Latest news with #Singtel
Business Times
18 hours ago
- Business
- Business Times
Stocks to watch: Singtel, CapitaLand Investment, GHY Culture, Dasin Retail Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 22): Singtel : Its wholly owned subsidiary Singtel Optus on Monday priced S$160 million in fixed-rate notes due Jul 25, 2035, at 2.726 per cent. The notes, guaranteed by Optus and certain subsidiaries, will be issued on Jul 25 under Optus Finance's three billion euro (S$4.5 billion) medium-term note programme. Singtel shares closed 0.5 per cent or S$0.02 lower at S$4.15, before the announcement. CapitaLand Investment (CLI) : Its subsidiary, Bursa Malaysia-listed CapitaLand Malaysia Trust, posted a distribution per unit of 1.18 sen for the second quarter ended Jun 30, 2025, up 0.9 per cent from the year-ago period. This came as it saw positive rental reversions and income contribution from a logistics property, its manager said in a Monday evening bourse filing. CLI shares ended Monday 0.7 per cent or S$0.02 higher at S$2.77. GHY Culture & Media : The company on Monday announced its tie-up with leading Chinese online entertainment service provider iQiyi to produce two short-form dramas. The collaboration aligns with GHY's business strategies and growth plans to create more monetisation opportunities, said the company, adding that it will further diversify its portfolio of entertainment products and distribution channels. The counter closed flat at S$0.161, before the announcement. Dasin Retail Trust : Trading in its units has been suspended on the Singapore Exchange as the business trust is unable to comply with listing rules requiring the timely release of its financial results and the holding of annual general meetings, said the trustee-manager on Monday. This comes as the management team of Dasin Retail Trust's China units has stopped providing key financial documents required for the preparation of the group's annual financial statements since the third quarter of 2023. Units of Dasin Retail Trust closed flat at S$0.02, after the announcement. Trading halt: Aoxin Q&M Dental called for a trading halt on Tuesday morning pending the release of an announcement. The counter closed on Monday 8 per cent or S$0.004 lower at S$0.046.
Business Times
a day ago
- Business
- Business Times
Singtel unit prices S$160 million in fixed-rate notes at 2.726%
[SINGAPORE] Singtel Optus, a wholly owned subsidiary of the telecommunications giant, on Monday (Jul 21) priced S$160 million in fixed-rate notes due Jul 25, 2035, at 2.726 per cent. They will be issued under Optus Finance's Euro Medium Term Note programme, which has a size of three billion euros (S$4.5 billion). The notes, which are guaranteed by Optus and certain subsidiaries, will be issued on Jul 25. 'The issue is part of the long-term financing strategy and extends the debt maturity profile of Singtel and its subsidiaries,' Singtel said in a bourse filing. Net proceeds will be swapped for Australian dollars and used to fund Optus' regular business operations. OCBC has been appointed as the sole lead manager and bookrunner for the issuance. Shares of Singtel closed 0.5 per cent or S$0.02 lower at S$4.15 on Monday, before the announcement.
Business Times
2 days ago
- Business
- Business Times
SIA, Singtel and more: Singapore's top AI adopters could drive 3% GDP growth, says Morgan Stanley
[SINGAPORE] The Republic can sustain a 3 per cent gross domestic product growth rate, thanks to innovation and productivity gains from artificial intelligence (AI) tools, according to research from Morgan Stanley. That growth rate would mean Singapore would remain as one of the fastest-growing developed economies in the world. The country, which has a population of 6.04 million, had most economists forecasting a growth rate of 0 to 2 per cent after the second-quarter GDP was higher than expected. It previously had an official forecast downgraded to 0 to 2 per cent for 2025 from a range of 1 to 3 per cent. It had 4.4 per cent GDP growth in 2024 and 4.2 per cent year-on-year growth in the first half of 2025. The city-state is one of the top AI markets globally relative to its size, aided by an AI-development friendly ecosystem built by the government. It is ranked in the top 10 across multiple indices, such as the Stanford Global AI Vibrancy Index. Based on Morgan Stanley's survey results, published on Thursday (Jul 17), over 70 per cent of companies have adopted AI. Top use cases found were labour savings, product development and supply-chain efficiencies. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Singapore is home to more than 80 active AI research faculties, 150 AI research and development and product teams, and over 1,000 AI startups, said the report. The country has attracted 'strong' industry participation in generative AI (GenAI), especially in 2025. Salesforce pledged a US$1 billion investment across the next five years in an AI push, with its flagship AI offering Agentforce able to help quickly expand Singapore's labour force amid its ageing population and birth-rate struggles. Meanwhile, Oracle launched an AI Centre of Excellence, aiming to provide training to upskill students and professionals in cloud-based and AI technologies and experimentation for organisations to test early AI innovations. Which companies are major enablers of AI, and which are adopting the technology? Here's what Morgan Stanley says. Enablers and adopters: Singtel, Grab and more Singtel was identified as a top AI enabler, through its infrastructure push. The telecommunications company has been expanding its data centre capacity in Singapore and the construction of Nvidia's accelerated AI factories in South-east Asia. Morgan Stanley estimates an excess of 200 megawatts of operational capacity by 2026. Asset manager and operator Keppel is set to be one of the key beneficiaries due to its experience in 'integrated solutions providing power, connectivity, data centres and decarbonisation for customers'. Sembcorp Industries is also set to enjoy gains through its power and natural gas provision, and is 'leveraging this opportunity to compound earnings' and top-quartile returns on equity. Morgan Stanley estimates higher energy prices, owing to high demand for European gas, will lead to higher profits for Sembcorp. In terms of AI adopters, Grab was flagged as a significant driver of technological innovation in the Asean region, including Singapore. The company has over 1,000 AI models and launched a centre for AI excellence in May. It also has been a key enabler for autonomous vehicle adoption. Morgan Stanley stated that Grab's lead in AI adoption will 'ultimately drive more efficient and profitable growth while strengthening its market leadership in the region'. Sea, Singapore Airlines (SIA) and ST Engineering were also named as 'significant drivers' of technological innovation, particularly in the AI space. Sea has adopted AI for consumer-facing and internal uses, boosting gross merchandise value by improving recommendation accuracy and improving purchase conversion rates. It was deemed a 'top pick' in the Asian e-commerce sector. Flag carrier SIA has been using GenAI for operational efficiency improvements. It implemented Jarvis, a GenAI tool to improve staff productivity, and a GenAI-powered training tool. In March, it announced a collaboration with Salesforce for AI-powered customer-facing applications, and to develop AI solutions for airlines at a Singapore research hub. Finally, ST Engineering is adopting AI to drive growth and is expected to more than double its digital business revenue to S$1.3 billion by the end of 2029, from about S$600 million in 2024. It is developing AI infrastructure and projects for defence, commercial aerospace and smart-city purposes.
Independent Singapore
2 days ago
- Business
- Independent Singapore
AI could help Singapore sustain 3% annual GDP growth despite ageing population: Morgan Stanley
Photo: Freepik/frimufilms SINGAPORE: Artificial intelligence (AI) could help Singapore maintain annual GDP growth of 3% over the long term, even as it faces the structural challenge of a shrinking workforce, according to a new report by Morgan Stanley Research. Released this month, the report points to AI as a pivotal force for sustaining national productivity and ensuring Singapore remains one of the fastest-growing developed economies. 'Singapore's deliberate and coordinated approach to AI is beginning to bear fruit,' the report said, noting that more than 70% of companies covered in the study have already implemented AI technologies in some form. AI adoption is strongest in four main areas: internal productivity tools, customer-facing services, supply chain optimisation, and product development. These technologies, the report suggests, are helping firms automate repetitive tasks, improve customer experience, and make better, data-driven decisions. The report categorises companies into two broad groups. First are the 'AI Enablers' or firms like Singtel, Keppel, and Sembcorp Industries which are building the infrastructure necessary for widespread AI deployment, such as next-generation data centres, energy systems, and high-speed connectivity networks. The other group are the 'AI Adopters' such as Grab, Sea Group, Singapore Airlines, and ST Engineering, which are applying AI to sharpen operations and drive innovation. While most companies surveyed remain cautious about attaching hard numbers to the financial returns of AI investment, some reported early signs of growth in earnings and capital expenditure. Despite this, the report flagged several risks on the horizon such as cybersecurity, AI misuse, and workforce disruption. 'The need to retrain and upskill workers will be essential,' the report read, highlighting government programmes like SkillsFuture that aim to bridge emerging skill gaps. Morgan Stanley also described Singapore's approach as a potential model for other small, advanced economies navigating similar demographic and technological shifts. 'Singapore shows how strategic planning and cross-sector commitment can enable a country to integrate emerging technologies and turn structural challenges into growth opportunities,' the report noted. () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
Straits Times
2 days ago
- Business
- Straits Times
How Singapore built one of the world's most connected cities
Powered by Singtel, the country's telecommunications backbone gives the resource-scarce island state a critical advantage in today's digital age Connectivity has transformed over the decades, enabling Singaporeans to enjoy everything from online grocery runs to movie streaming and digital services. PHOTOS: SPH MEDIA, SINGTEL Even as the digital world today moves at lightning speed, Singapore is setting the pace for tomorrow. From the first telephone exchange in 1879 to today's 5G+ network powering smart city innovations like real-time health monitoring and autonomous vehicles, Singapore has long pushed the boundaries of telecommunications. Watch this video to find out how connectivity shaped the Singapore we live in today Decades of investment, innovation and nation-building have resulted in a powerful network of connectivity – one that spans undersea cables, satellite links and mobile networks – linking Singapore to the region and the world. At the heart of it all is Singtel, keeping the nation connected every step of the way. Explore this journey through the archives of The Straits Times. In 1879, Singapore introduced a 50-line telephone system, becoming the first city in the East to do so. This early network linked businesses across the port city. Over time, connectivity became a key enabler, helping the resource-scarce island seize global opportunities through strong telecommunications infrastructure. Since its early days, Singtel has built and strengthened Singapore's telecoms backbone – from the opening of Comcentre, the first skyscraper here with rooftop microwave dishes, to achieving nationwide 5G coverage. Today, its vast network of cables, satellites and 5G+ network links Singapore to the region and beyond. In 2022, Singtel became the first in the world to roll out 5G standalone nationwide and offer network slicing, paving the way for a future of autonomous vehicles, real-time health monitoring and smart manufacturing facilities. Today, Singapore's Smart Nation vision is no longer just a blueprint, but our lived reality. Backed by robust cyber defences, the nation is not just keeping pace – it is unlocking new possibilities, from 3G to 6G and beyond.
