Daily Debrief: What Happened Today (Dec 11)

Stories you might have missed

Keppel Reit to buy HK Land’s one-third stake in MBFC Tower 3 at S$1.45 billion; launches S$886.3 million rights issue

[SINGAPORE] Keppel Reit has agreed to acquire an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3 for an agreed property value of S$1.45 billion, the manager of the Reit announced on Thursday (Dec 11).

Retrenchments rise slightly in Q3 amid restructuring, but hiring remains firm

[SINGAPORE] Retrenchments in Singapore have risen marginally to 3,670 in Q3 – up from the previous quarter’s 3,540 – largely driven by firms restructuring to stay competitive against the global economic uncertainty.

Malaysia to break ground on Southern Agropolis in January, unlocking ‘plug-and-play’ food hub for JS-SEZ

[KUALA LUMPUR] A new agricultural powerhouse is rising in Malaysia’s southern frontier. Southern Agropolis, the flagship agrifood hub of the Johor-Singapore Special Economic Zone (JS-SEZ), is scheduled to commence infrastructure development in January 2026.

Robotaxis are coming to Singapore, but the rest of South-east Asia might have to wait

[SINGAPORE] Robotaxis are already plying the streets of cities in mainland China and the United States, and these robotaxis are expected to become a transport option in Singapore as well.

Malaysia’s new KL-JB train tickets snapped up ahead of debut; frequency to double in January

[KUALA LUMPUR] The Kuala Lumpur-Johor Bahru Electric Train Service (ETS) has yet to begin operations, but demand is already overwhelming, with most northbound tickets snapped up ahead of the first departure on Friday (Dec 12).

Singtel hit with S$1 million fine for 2024 voice disruption

[SINGAPORE] The Infocomm and Media Development Authority (IMDA) imposed a S$1 million fine on Singtel for a 2024 voice disruption, it said on Thursday (Dec 11).