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Construction

Keppel falls 13% as Temasek scraps US$3bil bid

SINGAPORE: Shares in Singapore’s Keppel Corp fell 13% after Temasek Holdings abandoned its US$3bil conditional offer for the conglomerate by invoking a material adverse change clause following the company’s poor financial results.

Business

Lowest mortgage rates spur jump in bond supply

NEW YORK: A deluge of supply has inundated the agency mortgage-bond market this year, as a plunge in lending rates triggered a wave of homeowner refinancings. But there are signs that relief may be forthcoming.

Corporate News

MoU signed for collaboration in tech commercialisation services

KUALA LUMPUR: Malaysian Technology Development Corp (MTDC) has signed a memorandum of understanding (MoU) with Petronas Technology Ventures Sdn Bhd (PTVSB) to leverage each other’s capabilities and strength in building an effective ecosystem for the commercialisation of homegrown technologies.