| ST Marine buys 10% of Nova Star Cruises |
SINGAPORE Technologies Engineering Ltd said on Monday that its marine arm, Singapore Technologies Marine Ltd (ST Marine) has agreed to buy a 10 per cent stake in newly set up Nova Star Cruises Limited.
The agreement was entered with Quest Navigation Inc, which will own the remaining stake.
Based in the Canadian province of Nova Scotia, Nova Star will operate a cruise ferry service between Yarmouth (Nova Scotia, Canada) and Portland (Maine, USA).
It will bareboat charter from ST Marine the Roll-on/Roll-off Passenger (Ropax) Vessel for the service.
(Source: The Business Times)
800,000 households to get $135m GST rebates
in Jan
ABOUT 800,000 Singaporean HDB households will
receive $135 million worth of GST Voucher - Utilities-Save (U-Save) rebates
in January 2014.
The GST Voucher- U-Save rebate is the household component of the permanent GST Voucher scheme that was introduced in Budget 2012. It provides a direct offset on utilities expenses for households, and is paid out four times a year.
In January next year, eligible Singaporean households will each receive a GST Voucher- U-Save of up to $195 in total, depending on their flat type.
Those staying in one- to two-room flats will receive $195, three-room households will receive $180, and four-room households will receive $165. Those who stay in five-room flats will receive $150 while those in executive flats will receive $135.
(Source: The Business Times)
Data monetisation: Telcos' holy grail in
2014. Tougher fight in store for operators on all frontsThe GST Voucher- U-Save rebate is the household component of the permanent GST Voucher scheme that was introduced in Budget 2012. It provides a direct offset on utilities expenses for households, and is paid out four times a year.
In January next year, eligible Singaporean households will each receive a GST Voucher- U-Save of up to $195 in total, depending on their flat type.
Those staying in one- to two-room flats will receive $195, three-room households will receive $180, and four-room households will receive $165. Those who stay in five-room flats will receive $150 while those in executive flats will receive $135.
(Source: The Business Times)
[SINGAPORE] DATA monetisation will be the
telco sector's great white hope next year as operators face a tougher fight
on all fronts.
As tiered data pricing comes into its own for the industry through the 4G data plans, increased data spending will be counted on to shore up falling average revenues per user (ARPU).
Tiered data bundles make up 25-30 per cent of the sector's overall subscriber base in Singapore, according to Fitch Ratings.
At StarHub, where 38 per cent of its mobile post-paid customers are on tiered data plans as at the third quarter of 2013, hopes are high that next year will be even better for data revenue.
(Source: The Business Times)
Telcos' digital push remains a long game.
Positive earnings contribution still years away, says NomuraAs tiered data pricing comes into its own for the industry through the 4G data plans, increased data spending will be counted on to shore up falling average revenues per user (ARPU).
Tiered data bundles make up 25-30 per cent of the sector's overall subscriber base in Singapore, according to Fitch Ratings.
At StarHub, where 38 per cent of its mobile post-paid customers are on tiered data plans as at the third quarter of 2013, hopes are high that next year will be even better for data revenue.
(Source: The Business Times)
[SINGAPORE] While the year's most eye-catching
headlines for the sector have come out of the three telcos' high-profile
digital doings, this area will most likely bear fruit after 2014.
"We are happy to give operators like SingTel the benefit of doubt for now, but don't think one should expect positive earnings contribution from this business for the next two-to-three years at least," said a Nomura Equity Research report from October.
SingTel led the pack last year with the formation of the Group Digital Life division and continued the charge with a WhatsApp partnership for its prepaid customers in 2013.
"For retail customers, we are developing content, apps and services in anticipation of their evolving needs and behaviours," said SingTel group chief executive officer Chua Sock Koong.
This year, StarHub and M1 also gained digital ground. StarHub launched SmartFoundry, an application programming interface platform, while M1 partnered buffet app service All You Can App and music streaming service Deezer.
"When we make it easy for these (over-the-top) players to access our network capabilities, such as through SmartFoundry, we can encourage increased use of our mobile and fixed networks and this may turn into a new revenue stream for us in the future," said StarHub chief commercial officer Kevin Lim.
While many digital ventures tend to be an educated gamble, one thing is certain - this new area is set to be a highly contested space.
"We expect the pace of industry and technological changes to remain unrelenting, as traditional carriers and non-traditional companies continue to vie for customer attention and usage," said Ms Chua.
(Source: The Business Times)
"We are happy to give operators like SingTel the benefit of doubt for now, but don't think one should expect positive earnings contribution from this business for the next two-to-three years at least," said a Nomura Equity Research report from October.
SingTel led the pack last year with the formation of the Group Digital Life division and continued the charge with a WhatsApp partnership for its prepaid customers in 2013.
"For retail customers, we are developing content, apps and services in anticipation of their evolving needs and behaviours," said SingTel group chief executive officer Chua Sock Koong.
This year, StarHub and M1 also gained digital ground. StarHub launched SmartFoundry, an application programming interface platform, while M1 partnered buffet app service All You Can App and music streaming service Deezer.
"When we make it easy for these (over-the-top) players to access our network capabilities, such as through SmartFoundry, we can encourage increased use of our mobile and fixed networks and this may turn into a new revenue stream for us in the future," said StarHub chief commercial officer Kevin Lim.
While many digital ventures tend to be an educated gamble, one thing is certain - this new area is set to be a highly contested space.
"We expect the pace of industry and technological changes to remain unrelenting, as traditional carriers and non-traditional companies continue to vie for customer attention and usage," said Ms Chua.
(Source: The Business Times)
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