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Singapore has one of the highest rates of mobile and Internet penetration in the world, and households worldwide. Its government sets aside over S$1 billion yearly on ICT tenders and recognizes the importance of "skills, innovation and productivity" in ensuring economic growth.

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SingTel's Q2 profit climbs to $805.8M

Singapore telco reports a 19.3 percent growth in net profit to S$1.04 billion (US$805.85 million) on revenue totaling S$4.31 billion for the second quarter, but sees losses in digital life group on new investments.

November 12, 2014 by

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Multimillion-dollar markup for HotApps US sale

Listed construction and technology player Singapore eDevelopment has announced a $700 million acquisition agreement with US-based Fragmented Industry Exchange, in a bid to establish a foothold in the US market for its instant messaging business HotApps, which it purchased in August for $98,000.

October 15, 2014 by

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