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The Week In Numbers: Sembcorp Marine Sinks

The downturn in the oil and gas sector took its toll on Sembcorp Marine (SGX: S51). The oil-rig builder, which has reportedly laid off 8,000 works since 2015, said it made a third-quarter loss of S$21.8 million.

Sembcorp Marine is also evaluating options over a rig that it was building for insolvent Malaysian oil-rig contractor, Perisai Petroleum Teknologi (KLSE: PERISAI.KL; KLSE: 0047.KL), which is an associate company of Ezra Holdings (SGX: 5DN).

The layoffs at Sembcorp Marine probably contributed to the reduction in the number of people employed in Singapore. According to the Ministry if Manpower, total employment contracted. But the unemployment rate was unchanged at 2.1%.

On a brighter note, more people arrived at Changi Airport in September. The airport operator said 4.58 million passengers passed through Changi, which was 3.7% higher than a year ago. In the first nine months of the year, it saw a 6.2% growth in passenger numbers to 43.5 million. That should be music to the ears of SATS (SGX: S58).

The greenback climbed to a 9-month high against a basket of currencies, as the US Federal Reserve inches closer to another interest-rate meeting. The market is betting that a rate hike might not be too far away, now. Currency speculators are also hoping that the polls, which point to a Clinton victory in the US Presidential election, may be correct.

And finally, parrots, which are commonplace in the tropics, may have once been widespread in Eurasia. Russian scientists have discovered a single parrot bone that could be between 16 million and 18 million years old. The discovery was made at Tagay Bay in the east of Siberia.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.