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On December 22, local time, Ukrainian President Volodymyr Zelenskyy revealed via social media that the Ukrainian team was in Florida, USA, reviewing clauses of documents related to ending the Russia-Ukraine conflict, security guarantees in Ukraine, and post-war reconstruction, and discussing the timeframe for the implementation of the resolutions. Zelenskyy stated that the consultations had made constructive progress, and the relevant outcomes were of great significance to the peace process and the long-term stability of Ukraine. He looked forward to briefings from Ukrainian officials on the details of the talks.On December 22, local time, U.S. Presidential Special Envoy Witkov stated that over the past three days, the Ukrainian delegation held a series of productive and constructive meetings with U.S. and European partners in Florida, with separate constructive meetings also held between the U.S. and Ukraine. Witkov also noted that the talks with the Ukrainian delegation focused particularly on the timeline for discussions and the sequence of follow-up steps.December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.

SingTel Expects Macroeconomic Problems in 2023 Despite First-half Growth

Aria Thomas

Nov 10, 2022 14:36

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Despite a 23% rise in its first-half net income, Singapore Telecommunications (SingTel) said on Thursday that the company may have to shoulder the weight of further macroeconomic issues that are expected to persist beyond fiscal year 2023.


Due to rising inflation and interest rates, the company emphasized that it is "well-positioned" to endure headwinds as a result of its solid financial position and cash generation.


SingTel, which is undergoing a strategic reset, posted a net profit of S$1.17 billion for the month of September, compared to S$954 million for the same period last year.


The company's performance was boosted by a remarkable turnaround at Bharti Airtel, which it partly owned, and an unprecedented gain of S$1.01 billion ($720.25 million) from the sale of a portion of its Airtel investment.


Optus, the Australian division of SingTel, announced a major data breach impacting up to 10 million consumers.


SingTel has established a provision of A$140 million ($89.9 million) for Optus as an exceptional expenditure for external independent review, third-party credit monitoring services, and the replacement of identification documents as required.


CEO Yuen Kuan Moon commented on Optus and its actions, stating, "Although the cyber attack slowed Optus' development at the conclusion of the first half, we expect Optus to return stronger."


SingTel issued an interim dividend of 4.6 Singapore cents per share in addition to a special payment of 5.0 Singapore cents per share, noting that its net debt has fallen by about a third in comparison to the previous year.


Singtel recorded a S$1 billion noncash impairment charge on Optus' goodwill as a result of a weaker Australian dollar and bad customer sentiment. Nonetheless, the company guaranteed that the impairment would not have any effect on its cash flow or performance.

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