Daily Debrief: What Happened Today
Stories you might have missed
Keppel Offshore & Marine to pay 343.6m reais in settlement for Brazil corruption charges
KEPPEL Corporation’s Offshore and Marine (O&M) unit has committed to pay a total of 343.6 million reais (S$88.1 million) in fines and damages to the Brazilian Federal Treasury and Petrobras, in relation to corrupt payments made by a former agent of Keppel O&M in Brazil.
Asia-Pacific real estate investment volumes to drop 5-10% in 2023: JLL
REAL estate investment volumes will continue to contract by 5 to 10 per cent in 2023 after declining 25 per cent year on year. This forecast is due to “tumultuous” economic and financing conditions weighing on sentiment, said JLL on Tuesday (Dec 20).
En bloc deadlock to continue in 2023
MANY residential collective sale sites will likely remain unsold next year, as a mismatch in price expectations between buyers and sellers continues. The situation is exacerbated by factors such as high replacement cost for homeowners, uncertain macroeconomic conditions for developers, as well as property cooling measures.
Kitchen Culture ‘intends vehemently to resist’ Ooway’s legal proceedings
OOWAY Group has commenced legal proceedings against Kitchen Culture to instate the validity of its Nov 25 extraordinary general meeting (EGM), along with resolutions passed at the said meeting.
MAINBOARD-LISTED commodities trading group SP Corporation will delist on Dec 23, following its privatisation by Tuan Sing Holdings SP said in a bourse filing on Monday (Dec 20).
The STI today
Singapore stocks end lower on Tuesday amid inflation, rate hike jitters
SINGAPORE shares fell marginally on Tuesday (Dec 20) as concerns over higher inflation levels and potential interest rate hikes plagued markets once again, and took a toll on investor sentiments.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
