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Daily Debrief: What Happened Today

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Friday, October 23, 2015 - 18:30
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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.

Corporate Earnings


Keppel says may face Brazil corruption probe

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 rises marginally to -0.6% in September

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, train fares to fall 1.9% on oil prices

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.


Real Estate


Malaysia's Najib frames budget to woo support, cut deficit

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

Singapore stocks close week higher with blue chips the main play

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.

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