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The Tasman Global Access (TGA) submarine cable has been switched on, connecting New Zealand with Australia, thanks to a partnership between telecommunications carriers Telstra, Spark, and Vodafone. The $100 million 2,288km submarine cable, which extends from Ngarunui Beach in Raglan to Narrabeen Beach in Sydney, is made up of two fibre pairs with a total capacity of 20Tbps. Following construction, the cable was laid by Alcatel-Lucent Submarine […]

By Byron Kaye and Jeremy Wagstaff | SYDNEY/SINGAPORE SYDNEY/SINGAPORE The big data company credited with helping Donald Trump win the U.S. presidency has registered a company in Australia and plans to meet the country’s ruling conservative Liberal Party next week, according to documents and a government official. Cambridge Analytica, which has also said its “psychographic” methods helped the successful campaign for Britain to leave the European Union, […]

29 March 2017 Under the patronage of H.E. Sheikh Al Fadhil Bin Mohammed Al Harthy, Secretary General of the Council of Ministers, the first edition of Smart Cities Summit was launched on Tuesday at Oman Convention and Exhibition Center in the presence of a number of excellences, high officials and diplomats. The summit was attended by delegations from Dubai, Qatar, The Republic of Korea, KSA, USA, Belgium, […]

KUALA LUMPUR Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesday The KUM YA, was carrying 6,300 metric tonnes of anthracite coal, according to a worker at Penang Port who spoke to Reuters on condition of anonymity. It was later allowed […]

Telstra has announced that it will be launching a new suite of managed security services and two new cybersecurity centres in Melbourne and Sydney. According to Neil Campbell, Telstra’s director of Security Solutions, the offerings will be ready for customers by July 19, with the aim to make the cybersecurity challenge easier for organisations to deal with. “We’re taking this opportunity to rethink and reinvent really our […]

Tencent Holdings has forked out US$1.78 billion for a 5 percent stake in Tesla, according to a document filed with the US Securities and Exchange Commission (SEC). The announcement came days after the US electric car maker said it was looking to raise funds to scale its business and bring to market its US$35,000-priced Model 3. The company said it expected to secure more than US$1 billion […]

Index provider FTSE Russell is to consult with stakeholders about including Snap in its widely followed Russell indices, amid investor worries about lack of shareholder rights at the newly listed messaging app provider. The consultation, to be officially launched in the coming days, is the latest sign of growing interest among “passive” fund managers in the corporate governance of the companies their index-tracking model obliges them to […]

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Dawn is the time to see Angkor Wat. Waiting in the dark as the exquisite 11th-century temple is conjured out of the Cambodian jungle feels ridiculously thrilling. As the sun rises above the tall, minutely carved, lotus-like towers, and the ornate magnificence of the buildings is reflected in the great ornamental lakes, you get a sense of how 19th-century French explorer Henri Mouhot must have felt when […]

Vocus Communications has announced selling its 16 percent stake in Macquarie Telecom, offloading 3,358,511 MAQ shares at a price of AU$12.20 per share for a total of around AU$41 million. Vocus sold 100 percent of its interest in Macquarie Telecom to both institutional and retail shareholders via a block trade, it announced to the Australian Securities Exchange on Tuesday morning. According to Macquarie Telecom, the sale of […]

By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]

Manama, 27 March 2017 Kanoo Paint Centre, a total solutions provider for all automotive paint industry requirements, received the 2016 Best Distributor Award from Aik Moh Paints and Chemicals, a leading chemicals distributor and service provider in Asia headquartered in Singapore, during a ceremony at the Ebrahim K. Kanoo head office. Aik Moh Group Chairman, Beo Tan presented the award to Ebrahim K. Kanoo Director of Corporate Services, […]

SINGAPORE A Singapore court jailed a couple on Monday for starving their Filipino domestic helper, a case that highlighted what rights groups say is a common complaint in the wealthy city-state. Thelma Oyasan Gawidan, 40, weighed just 29.4 kg (65 lb) in April 2014 after being given too little to eat for about 15 months, prosecutors said. She was given two or three slices of plain white […]

China has eclipsed Singapore as the biggest source of investment in Malaysian real estate, as soaring domestic property prices push mainland investors to hunt for bargains abroad. Chinese groups have invested more than $2.1bn in Malaysian real estate over the past three years, compared with $985m invested by Singaporean companies between 2014 and 2016, according to figures from Real Capital Analytics based on completed transactions of $10m […]

The Australian government has signed a formal “Dialogue on Innovation” agreement with China that will see both countries exchange ideas between government representatives, business, and the research sector. Under the arrangement, both countries will contribute up to AU$6 million over three years to the next round of the Joint Research Centres, under the Australia-China Science and Research Fund (ACSRF), which supports strategic science, technology, and innovation collaboration […]

26 March 2017 Rebrand to emphasize unique integrated structure Open D Group reinforces position as a global expert in efficient retail and brand focussed solutions with a shopper approach Open D Group, Retail Access and Sparkle, the award winning retail and branding design agencies, have today announced their rebrand to ODG to implement a simpler, cleaner, agile and integrated organization to deliver its expertise in Intelligence, Branding, […]

MyRepublic has said that retail service providers (RSPs) cannot offer gigabit-speed services on Australia’s National Broadband Network (NBN) for anything less than AU$300 thanks to the connectivity virtual circuit (CVC) charge. The comments came in response to NBN CEO Bill Morrow’s claims last month that consumers don’t need and wouldn’t use 1Gbps broadband, as evidenced by the fact that no RSPs have taken up NBN’s offer to […]

By Timothy Mclaughlin | CHICAGO CHICAGO A U.S. immigration judge in Chicago on Friday granted asylum to a Singaporean blogger, saying he was persecuted for his political opinions in the Southeast Asian city-state. Amos Yee, 18, who had been jailed twice in Singapore, qualifies as a political refugee, according to a 13-page opinion by the U.S. immigration judge. Yee is immediately eligible for release after having been […]

HONG KONG — Middle-class mainlander Laura Zhang found the idea of owning a home overseas irresistible after being bombarded by commercials for an affordable project “near Singapore”. The Forest City project in the southern Malaysian state of Johor, the subject of the advertisement, is being developed by Country Garden, China’s third-largest home builder. Ms Zhang said she was told that a flat in Forest City, the developer’s […]

Chinese oil companies are turning their focus to overseas retail and services markets, as slowing growth in domestic fuel demand makes their traditional home market less attractive. Sinopec this week agreed to buy Chevron’s 75 per cent stake in a Cape Town refinery, affiliated service stations and convenience stores in South Africa and Botswana for $900m. It was the only remaining bidder after a year-long tender process. […]

Done betting, Alibaba is getting down to work in Southeast Asia as it bids to lead the region’s promising e-commerce space and maximize its early mover advantage over Amazon. Alibaba became the first major international player to enter Southeast Asia, a region with more than 600 million cumulative consumers, when it bought a majority stake in Lazada, the Rocket Internet-backed venture, nearly one year ago. Amazon, Alibaba’s key foe in India, is […]

At the start of the year, I was part of a panel that aimed to offer career guidance to graduating students at a local secondary school in Singapore. The panel dished out the usual advice about the need to have passion, work hard, and always strive to do better. A student then posed a question that struck a chord: “How can I ensure the skills I learn […]

HONG KONG Hong Kong authorities have launched a prosecution against the captain of the ship and shipping agent involved in transporting nine Singaporean armoured vehicles seized in the city last November. Hong Kong customs officers seized the Terrex troop carriers as they were being shipped home from military exercises in Taiwan. Singapore’s armed forces have maintained long-standing if low key military training facilities in Taiwan, and Beijing […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.63 per barrel at 0343 GMT, up 7 cents from their last close. In […]

Singapore has named a rare kind of orchid after the UAE’s Mother of the Nation, Sheikha Fatima bint Mubarak. The gesture was intended as appreciation for the humanitarian contributions of Sheikha Fatima, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation, and President of the Supreme Council for Motherhood and Childhood. The flower is in the National Botanic Gardens in Singapore and will […]

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