Daily Briefing: StarHub's mobile woes; CDL chief steps down

And here are the best value-for-money cars in Singapore.

From the Motley Fool Singapore:

StarHub Ltd (SGX: CC3) reported its second-quarter results earlier this month.

For the reporting quarter, StarHub announced that it brought in $542.6 million in service revenue, a figure that was 2% lower compared to a year ago. StarHub derives its service revenue from four business segments: mobile, pay TV, enterprise fixed and broadband. Three out of four segments reported sales declines.

StarHub’s mobile revenue was down 0.9% year-on-year for the second-quarter. The mobile segment posted $307.2 million in sales and accounted for 55.7% of StarHub’s topline. Mobile is by far the most important segment of StarHub’s revenue base.

Read the rest of the story here.

From PropertyGuru via Yahoo!:

Grant L. Kelley, the CEO of Singapore’s second-largest developer CDL, has resigned after serving more than 3.5 years, citing personal reasons. The announcement was made during CDL’s results briefing last Friday (11 August).

Kelley intends to return to Australia to become the new CEO at ASX-listed Vicinity Centres, a real estate investment trust company based in Melbourne.

He was credited for helping to accelerate CDL’s diversification strategy launched in 2014. The group has since invested about $3.5 billion in overseas markets and raised more than $3.5 billion in funds under management.

Click here to know more.

From Dollars and Sense via Yahoo:

Due to the overwhelming response we received from our article written last year- “Best Value For Money Cars” in Singapore, we have decided to work on an updated version for our readers.

Watch this video as we dive straight into some of the best value-for-money cars in Singapore that you can buy this year, based on your needs and budget.

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