Singapore's Keppel sees 'immense' opportunity in subsea cables

Asset manager pushes connectivity business as U.S.-China tensions divide world

20250205 Keppel

Keppel reported a net profit of 940 million Singaporean dollars for 2024.  © Reuters

TSUBASA SURUGA

SINGAPORE -- The head of Singapore's Keppel Corp. on Wednesday said the company expects "immense" opportunities in its subsea cable business as the global digital economy becomes more divided by the U.S.-China rivalry. 

During an earnings call, Keppel CEO Loh Chin Hua said the asset manager sees "a lot of demand" in its subsea cables, which will enhance the city-state's position as a regional hub. Singapore plans to double its number of subsea cable landings and expand its data center capacity to boost its connectivity to the rest of the world. 

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