Joseph Rajendran

Singapore Telecommunications Ltd. (SingTel) and subsidiary National Computer Systems Pte. Ltd. said Wednesday they will invest S$45 million (US$26.7 million) to give one of the biggest boosts to e-commerce in the republic to date. Announcing details at an Internet business forum here, the company said it is investing to set up Sesami.com as a major […]

The Singapore government has taken tremendous efforts to develop the e-commerce infrastructure and business in the republic but it is still lacking the “buzz,” National Computer Board chief executive Michael Yap said. “To become an e-commerce hub will take more than infrastructure and sound legal frameworks. It also takes ‘buzz,’” Yap said at the launch […]

Overseas Union Bank Ltd., one of Singapore’s big four banks, will launch Internet-based stock trading services within the next few days, a move aimed at catching up with some of its biggest local competitors as well as counter encroaching foreign competition. Speaking at a press conference, OUB president Peter Seah said the bank can no […]

Dell executives are in active talks with the Economic Development Board, the country’s chief investment attraction agency, regarding the relocation of the PC giants regional hub to Singapore. This includes the possibility of even co-investing with third parties to start operations in the country. “This is an area the (Singapore) government wants to invest in, […]

Cybank, a Malaysian online mall, is expected to attract about two billion customers worldwide to source for products and services targeted specifically at Muslims. Horizon Tegas Sdn. Bhd. and the Malaysian Muslim Consumers Association (MMCA) have jointly developed this online mall. It is accessible to both Muslim and non-Muslim merchants, as long as the products […]

Singapore-based global PC sound card maker Creative Technology Ltd. has invested US$3 million so far and plans to spend another US$10 million in the current quarter to exploit the Internet market. In its first major move to take advantage of the Internet, Creative, best known worldwide for its Sound Blaster cards, said it will commit […]

Singapore’s Pacific Internet Ltd., which already has a pole position in the island’s ISP market, launched another salvo over the weekend by bundling some of the most attractive promotions in the republic. Following its recent launch of a free PC with unlimited Internet access, the company has unveiled four attractive products with an unlimited Internet […]

National telephone company Singapore Telecommunications Ltd. expects revenue contributions through its Internet arm to soar over the next three to four years. The company, which made the comments Wednesday, said profits from retail sales via its Internet arm could, by then, comprise a significant chunk of its retail income, now standing at S$150 million a […]

Regulatory agency Telecommunication Authority of Singapore began lifting the 49 percent equity participation required by foreign companies to receive Internet licenses, but only on a case-by-case basis. The agency said it will consider factors like the state of the market and the contribution the foreign partner makes to the domestic Internet market before giving any […]

Business-to-business electronic commerce transactions in Singapore exceeded the S$1 billion mark to reach S$1.2 billion (US$706 million) in 1998, Singapore’s Minister of State for Communications and Information Technology Lim Swee Say announced. “Recognizing the huge potential of e-commerce, the (Singapore) government has taken concrete steps to position Singapore as a global node and regional hub […]

The travel trade in Singapore will get a shot in the arm when its industry association implements a virtual mall in the next quarter. The National Association of Travel Agents Singapore (Natas) will implement Singapore’s first online, real-time e-commerce service in October. The service will be available on both the Internet and SingaporeONE, the country’s […]

Singapore’s Internet service providers are back in hot competition again, this time emerging with innovative bundling and aggressive recruitment schemes to bolster their positions. Nasdaq-listed Pacific Internet Ltd. fired the latest salvo by tying unlimited Internet access to a free PC this week, a move which analysts say is expected to boost its already set […]