Singapore telco clocks 4 percent increase in net profit but sees revenue drop of 8 percent, closing the year with S$3.65 billion in net profit and lower operating revenue of S$16.85 billion. Growth was muted by weakening regional currencies.
By The Way
Eileen Yu checks out industry developments across the Asia-Pacific region, discussing their relevance to the global tech business landscape.
Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently a freelance blogger and content specialist based in Singapore, she has over 16 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings.
After years of denying responsibility, Korean smartphone giant now promises to offer adequate compensation for employees who died of or developed leukemia from working at the company's semiconductor plants.
Social media giant is apparently looking to open a sales office, likely in Beijing, to support local advertisers keen to peddle their wares to a global audience.
Chinese government allows the country's three state-run telcos to determine their own pricing for mobile phones and services, as long as these are deemed fair and legal to customers.
A week after opening its Beijing cloud data center, Aliyun officially launches its fourth site in Hong Kong which is jointly operated with Hong Kong Towngas Telecom.
Two government ministries plan 50 billion won (US$48.87 million) investment over the next five years to seek out new revenue from the Internet of Things market.
Spanning 230,000 square meters in Xi'an, China, the new US$7 billion plant produces 10-nanometer NAND flash memory chips and is estimated to generate annual sales of US$9.74 billion at full capacity.
Following "extensive additional investigation", Louisiana Sheriffs' Pension & Relief Fund says it has dropped its lawsuit alleging IBM's links with the U.S. government's cyberspying program resulted in loss of business in China.
Global online population will hit 3 billion by end-2014, with two-third from developing nations and Asia-Pacific home to the largest population. Mobile subscribers will reach 7 billion.
Singapore regulator IDA slaps record S$6 million fine on SingTel for an October 9 blaze that brought down various communications services including broadband and mobile, affecting 270,000 subscribers and businesses.