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Daily Debrief: What Happened Today
- Great Eastern's Q3 profit dives 65 per cent
- Ezra sinks into the red for Q4
- Q4 boost lifts Frasers Commercial Trust's FY DPU to record high
- Tiger Airways narrows loss for Q2
- HPH Trust posts higher revenue, earnings in Q3
Singapore oil rig builder Keppel Corporation Ltd said it may face an investigation into deals with Brazilian state-run oil company Petrobras and rig builder Sete Brasil. A Brazilian parliamentary commission of inquiry backed further investigations into 10 companies it identified as involved in transactions with Petrobras and Sete, including the Singaporean company's Keppel FELS Brasil unit, Keppel said in a statement.
Singapore inflation picked up slightly in September, with headline inflation at -0.6 per cent compared with -0.8 per cent the month before. This was mostly due to a stronger pick-up in the prices of consumer services and retail items.
Bus and train fares will fall by 1.9 per cent due to lower oil prices - translating to an approximate S$36.1 million fall in fare revenue for the transport operators - the fare review by the Public Transport Council (PTC) showed on Friday.
- Private housing supply in pipeline continues to shrink in Q3
- URA private home price index down 1.3% in Q3
- Singapore office prices dip 0.1% in Q3, rents fall accelerates with 2.9% decline
- HDB resale prices slip 0.3% in Q3
Malaysia's Prime Minister Najib Razak delivered a budget on Friday to help the less well off and bolster economic growth in a country hit hard by weak global energy prices, but raised income tax rates to help bring down the fiscal deficit.
The STI Today
Underpinning Friday's 30.35 points or one per cent rise to 3,068.46, which brought the week's gain for the index to 38 points or 1.25 per cent, was a variation of the "bad news is good news" maxim - hopes of more stimulus from the European Central Bank following comments by its president, Mario Draghi, which propelled Western markets including Wall Street on Thursday.