Financial Times, 14 May 2009 John Burton
Singapore Telecommunications warned on Thursday that earnings could fall this year due to slowing demand in overseas Asian markets, which provide more than two-thirds of its sales and profits.
”If you look at the economic data that continues to be released, we’re still seeing a downtrend,” said Chua Sock Koong, the SingTel chief executive. “The economic outlooks remains ‘very uncertain’ in spite of ”some tenative signs that maybe a bottom is approaching.”
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