Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
S&P places SingPost on CreditWatch negative
The Straits Times
|December 07, 2024
Global ratings agency S&P said on Dec 5 it has placed Singapore Post (SingPost) on CreditWatch negative, following a change in its future strategy and the sale of its Australian business.
-
On Dec 2, the postal service provider said it has entered a share purchase agreement to divest its Australian business at an enterprise value of A$1 billion (S$870 million).
This was part of the outcome of a strategic review, launched earlier in 2024, seeking to explore strategic options to enhance its business value and maximise shareholder value.
S&P believes that the sale will be "transformative" for SingPost and clouds its future strategy.
"Over the past four years, SingPost has invested into the logistics industry in Australia to mitigate the structural decline in the postal sector," said the agency. SingPost's Australian business is now a key contributor, accounting for 58 per cent of total revenue in the first half of financial year 2025.
Dit verhaal komt uit de December 07, 2024-editie van The Straits Times.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Straits Times
The Straits Times
AI use could make us ‘subcognitive’
AI threatens students’ most basic skills. If they lose their ability to understand what they read, will they lose their ability to think?
4 mins
October 31, 2025
The Straits Times
Clean tech can scale up with state support, blended finance: Panel
Such technologies are on the rise across Asean as countries seek to reduce emissions
4 mins
October 31, 2025
The Straits Times
Nearly 700 more children fall ill in Indonesia after eating free school meals
The Indonesian authorities are investigating food poisoning cases involving nearly 700 children in Yogyakarta province this week, after students ate meals prepared under President Prabowo Subianto’s key free school meal programme, an official said.
1 mins
October 31, 2025
The Straits Times
Lim Boon Heng takes 'ultimate responsibility' on failed Allianz-Income union
He and NTUC Enterprise board admit that the offer could have been managed better
3 mins
October 31, 2025
The Straits Times
VACHEROT MASTERS TOUGH MOMENTS
2025’s surprise package happy with how he handled pressure points in win over Norrie
2 mins
October 31, 2025
The Straits Times
TNP merges with Stomp
Refreshed website aims to better resonate with younger audience, attract new readers
3 mins
October 31, 2025
The Straits Times
Malaysia considers live monitoring of school CCTV footage by police
Malaysia's Home Ministry is considering a proposal to link school CCTV systems to the police to enable real-time monitoring and enhance security.
1 mins
October 31, 2025
The Straits Times
Trump asks Pentagon to immediately resume testing nuclear weapons
He says it is necessary to keep up with rivals; Russia and China criticise move
2 mins
October 31, 2025
The Straits Times
Over 350,000 have registered for QR code system at JB checkpoints
More than 350,000 people have registered for the National Integrated Immigration System (NIISe) to use QR code lanes at the Johor-Singapore border.
1 mins
October 31, 2025
The Straits Times
Don't forget human touch as SG60 exhibitions go digital
I recently attended the SG60 exhibition at the Orchard Library. While I appreciate the initiative to celebrate Singapore's 60 years of progress, I would like to share some sincere feedback and suggestions for improvement.
1 mins
October 31, 2025
Listen
Translate
Change font size