Credit Suisse First Boston is opening its fourth largest global back-office and IT support center in Singapore. The bank's attitude to service provision is changing and both shared services and outsourcing are set to receive increased attention.
IDT is hoping that by raising security concerns it will stand a better chance of acquiring Global Crossing. Hutchison Telecommunications and Singapore Technologies Telemedia are currently in line to get the assets, but IDT CEO James Courter's experience as a congressman might help him to find the right political strings to pull.
With software piracy endemic in southeast Asia, Microsoft's launch of its heavily subsidized Xbox console is a bold move. Although software sales and online gaming in Singapore and Taiwan should bring some returns, the real story is that Microsoft is paying heavily now, to gain a foothold in a market that will be lucrative in several years' time.
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