Foreign business news in brief


  • Business
  • Thursday, 05 Jun 2003

StarHub hooks up with Indosat 

SINGAPORE: StarHub, Singapore’s second largest telecoms provider, has teamed up with Indonesian international call operator Indosat to provide high-speed data services for businesses in the two markets. 

The service is targeted at companies in the manufacturing and hospitality sectors which need larger bandwidth and higher-quality transmission capabilities. “We see demand for bandwidth rapidly increasing between Singapore and Indonesia as both countries continue to develop cooperative agreements,” said Mike Reynolds, senior vice-president for StarHub Business Markets. – Reuters 

  • Another perspective from The Straits Times, a partner of Asia News Network.  

    ING applies to trade in China A shares 

     

    HONG KONG: Dutch group ING is applying for approval to trade yuan-denominated Chinese shares and bonds, and plans an initial investment of US$100mil in China’s vast US$500bil A share market. 

    An ING spokesman said it was applying to the China Securities Regulatory Commission for permission to enter the country’s main stock and bond markets under the landmark Qualified Foreign Institutional Investor scheme launched last year. – Reuters 

     

    Intel to invest US$100mil in Elpida  

     

    SAN FRANCISCO: Intel has agreed to invest US$100mil in Elpida Memory, Japan’s only maker of dynamic random access memory (DRAM) chips. The investment is a boost to struggling Elpida, a joint venture of NEC and Hitachi, but will not be finalised until Elpida secures other funding.  

    The investment will be used to boost production at Elpida’s 300mm plant in Hiroshima. – AFX  

  • Article type: metered
    User Type: anonymous web
    User Status:
    Campaign ID: 1
    Cxense type: free
    User access status: 3
    Join our Telegram channel to get our Evening Alerts and breaking news highlights
       

    Next In Business News

    Mah Sing completes RM300mil Sukuk issuance
    MITEC reopens facilities as business events resume
    Tenaga completes purchase of Blyth from EDF Renewables
    Vegetable oil production set to hit 4-year high leading to fall in prices
    Robust growth ahead for silicon wafer shipments until 2024
    Credit Suisse to pay at least US$400m in Mozambique scandal
    George Kent to focus on opportunities in railway space
    Thai AirAsia parent seeks to raise US$540m in fresh capital
    Bintai Healthcare to distribute Scientillence’ hemodialysers
    Bank stocks stay positive amid negative market breadth

    Others Also Read


    Vouchers