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Stock Market 15 March 2025 - 30 May 2025

Internet Access in Kiribati: Bridging the Digital Divide Across Remote Pacific Islands

Internet Access in Kiribati: Bridging the Digital Divide Across Remote Pacific Islands

About 73,300 people in Kiribati used the internet as of January 2024, covering 54.4% of the population. The country relies entirely on satellite links for connectivity, with no submarine fiber cable in place. The East Micronesia Cable System is under construction and expected to connect Tarawa to Guam by 2025. Starlink has around 1,500 user terminals in South Tarawa, though not yet officially licensed.
22 March 2025
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Stock Market Today

  • SATS Ltd Transforms Into Global Cargo Leader After WFS Acquisition
    March 25, 2026, 10:50 AM EDT. SATS Ltd (SGX: S58) has emerged as the world's largest air cargo operator following its 2023 acquisition of Worldwide Flight Services (WFS) for S$1.7 billion. This strategic move tripled its revenue and expanded its footprint to 27 countries, shifting focus from regional ground handling to global cargo and logistics. Gateway Services now account for over 70% of revenue, reflecting increased handling of air cargo including high-security and cold-chain logistics. SATS also diversifies through Food Solutions serving institutional clients beyond aviation. The transformation addresses pandemic-era vulnerabilities by creating a resilient, network-wide service model. As e-commerce logistics fuel demand, SATS aims to meet ambitious FY2029 targets while managing financial deleveraging amid rising aviation volumes.
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