Keppel, Sembcorp take another hit
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE's rigbuilding giants Keppel Corporation and Sembcorp Marine have each lost close to S$2 billion in market capitalisation over a month as oil and gas stocks tumbled on the Singapore Exchange again on Wednesday after a respite on Tuesday.
Brent crude oil price fell to just above US$70 a barrel at about 6pm (Singapore time) on Wednesday. This came after it gained 3-4 per cent the previous day in a rebound from its five-year lows on Monday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
