With the rising Singapore dollar having resulted in lower contributions from the overseas associates, SingTel - the biggest telecom firm in South-east Asia - recently reported its sixth straight plunge in year-over-year quarterly profit.

SingTel and the enterprise application software manufacturer SAP are reported to have launched a cloud-based business management solution for small as well as medium enterprises to assist them in improving productivity and reducing costs.

According to reports on Thursday, Singapore Telecommunications (SingTel) officials accounted that in the present monetary year, they have maintained its projection for single digit proportion growth for the Company’s profits figures.

Singapore Telecommunications (SingTel) has stated that its Chairman Chumpol NaLamlieng will give walk out from the post of Chairman and Director of the company.

Mr Simon Israel will be the Chairman and Director of the company. He will take this position after the SingTel's Annual General Meeting, which will happen on July 29, 2011.

Singapore Telecommunications Ltd (SingTel) has informed that there has been a remarkable net profit growth in the third quarter of the financial year.

Singapore Telecommunications Ltd (SingTel) has announced its financial results for the third quarter. Singapore Telecommunications Ltd (SingTel) is the biggest telecoms group of the South-East Asia.

The company has informed that there has been a surprise rise in its net profit for the third quarter that ended in December 2010 of the ongoing financial year. The registered net profit has exceeded all the expected figures.

As per the company officials, this rise has been the achieved due to the strong performances in its home market and Optus in Australia.

SingTel Group's freshly -rolled out SingTel Innov8, the venture capital fund, expressed that it has put in approximately S$800,000 in 2359 Media Pvt. Ltd, its home company.