Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, wants to focus on wireless services in Myanmar as it vies for the right to operate in one of the world’s last untapped mobile markets.
Olam International Ltd., the commodity supplier targeted by short-seller Carson Block, raised $712.5 million from a 10 percent-oversubscribed bond sale, which was backed by its two largest shareholders.
StarHub Ltd., Singapore’s biggest broadband Internet and cable TV operator, is adding new content to make them “stickier” and stop customers from moving to rivals including Singapore Telecommunications Ltd.
Singapore Telecommunications Ltd.’s shares fell the most in more than a month after Southeast Asia’s biggest phone company forecast annual sales may drop for the first time in 13 years on declining Australian revenue.
Wilmar International Ltd., the world’s largest palm oil trader, agreed to buy CSR Ltd. ’s sugar unit for A$1.75 billion ($1.5 billion), beating China’s Bright Food Group Co.’s bid for Australia’s biggest refiner.