Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink

The Straits Times2021-06-10

SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink. This is on top of the $76.2 ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Jimmy365
2021-06-10
Jimmy365
Okok
- peterpak:
  thanks !
Derrick0359
2021-06-10
Derrick0359
Wow
kuahw
2021-06-10
kuahw
Yes
- Derrick0359:
  Good
TK63
2021-06-10
TK63
Like it
- kuahw:
  Ok
- TK63:
  huat
skyes
2021-06-10
skyes
Lnc plss tqtq
- DLiew:
  Ok
76b16b78
2021-06-10
76b16b78
Like & comment
- Uknow09:
  Like and comment back please

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2142975249?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-06-10 11:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2142975249","market":"sg","top_or_hot":-1,"title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","media":"The Straits Times","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">网页链接</a>\n\n</div>\n","source":"straits_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BN4.SI","symbol_name":"吉宝有限公司","start_time":0,"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","article_id":"2142975249","we_media_id":null,"thumbnails":[],"rights":{"source":"straits_highlight","url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","pubTimestamp":1623297043,"columns":[],"sourceInfo":{"source_id":"straits_highlight","name":"Straits Times"},"weMediaInfo":null,"summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BN4.SI":"吉宝有限公司"},"translate_title":"Keppel Infra Trust为Basslink提供2380万美元的额外仲裁拨款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN4.SI":0.9},"content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":183944696,"gmtCreate":1623303725115,"gmtModify":1634034763781,"author":{"id":"3562019478826489","authorId":"3562019478826489","name":"Jimmy365","avatar":"https://static.tigerbbs.com/f0b5ef01e17ff83b62385dd919d36027","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3562019478826489","authorIdStr":"3562019478826489"},"htmlText":"Okok","listText":"Okok","text":"Okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183944696","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","kind":"news","pubTimestamp":1623297043,"share":"https://www.laohu8.com/m/news/2142975249?lang=&edition=full","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4678042,"gmtCreate":1623379760180,"gmtModify":1635328323465,"authorId":3579228873956938,"author":{"id":3579228873956938,"idStr":"3579228873956938","authorId":3579228873956938,"name":"peterpak","avatar":"https://static.tigerbbs.com/8bcb427166f954747346dc4725836438","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183944696,"type":1,"supId":0,"prevId":0,"content":"thanks !","text":"thanks !","html":"thanks !"}],"langContent":"EN"},{"id":183920497,"gmtCreate":1623301491519,"gmtModify":1634034785965,"author":{"id":"3574151642706297","authorId":"3574151642706297","name":"Derrick0359","avatar":"https://static.tigerbbs.com/1e4377b13ebe2fd65f630bf249fd6624","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574151642706297","authorIdStr":"3574151642706297"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183920497","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","kind":"news","pubTimestamp":1623297043,"share":"https://www.laohu8.com/m/news/2142975249?lang=&edition=full","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183964044,"gmtCreate":1623301251588,"gmtModify":1634034788155,"author":{"id":"3565524013399063","authorId":"3565524013399063","name":"kuahw","avatar":"https://static.tigerbbs.com/c5701d3511309441e8696220f5ad0b92","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3565524013399063","authorIdStr":"3565524013399063"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183964044","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","kind":"news","pubTimestamp":1623297043,"share":"https://www.laohu8.com/m/news/2142975249?lang=&edition=full","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4662348,"gmtCreate":1623301483171,"gmtModify":1635329650318,"authorId":3574151642706297,"author":{"id":3574151642706297,"idStr":"3574151642706297","authorId":3574151642706297,"name":"Derrick0359","avatar":"https://static.tigerbbs.com/1e4377b13ebe2fd65f630bf249fd6624","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183964044,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":183961595,"gmtCreate":1623301001017,"gmtModify":1634034791015,"author":{"id":"3568965050760713","authorId":"3568965050760713","name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568965050760713","authorIdStr":"3568965050760713"},"htmlText":"Like it","listText":"Like it","text":"Like it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/183961595","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","kind":"news","pubTimestamp":1623297043,"share":"https://www.laohu8.com/m/news/2142975249?lang=&edition=full","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4662317,"gmtCreate":1623301246336,"gmtModify":1635329653513,"authorId":3565524013399063,"author":{"id":3565524013399063,"idStr":"3565524013399063","authorId":3565524013399063,"name":"kuahw","avatar":"https://static.tigerbbs.com/c5701d3511309441e8696220f5ad0b92","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183961595,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4666010,"gmtCreate":1623322771925,"gmtModify":1635329361943,"authorId":3568965050760713,"author":{"id":3568965050760713,"idStr":"3568965050760713","authorId":3568965050760713,"name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183961595,"type":1,"supId":4662317,"prevId":0,"content":"huat","text":"huat","html":"huat"}],"langContent":"EN"},{"id":183961079,"gmtCreate":1623300952691,"gmtModify":1634034791497,"author":{"id":"3563667369548444","authorId":"3563667369548444","name":"skyes","avatar":"https://static.tigerbbs.com/aa70cf55254e97939bd378dae3de1dc9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3563667369548444","authorIdStr":"3563667369548444"},"htmlText":"Lnc plss tqtq","listText":"Lnc plss tqtq","text":"Lnc plss tqtq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183961079","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","kind":"news","pubTimestamp":1623297043,"share":"https://www.laohu8.com/m/news/2142975249?lang=&edition=full","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4662406,"gmtCreate":1623301832047,"gmtModify":1635329644657,"authorId":3577525278195004,"author":{"id":3577525278195004,"idStr":"3577525278195004","authorId":3577525278195004,"name":"DLiew","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183961079,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":183963608,"gmtCreate":1623300900604,"gmtModify":1634034791839,"author":{"id":"3585283371231222","authorId":"3585283371231222","name":"76b16b78","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585283371231222","authorIdStr":"3585283371231222"},"htmlText":"Like &amp; comment","listText":"Like &amp; comment","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183963608","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","kind":"news","pubTimestamp":1623297043,"share":"https://www.laohu8.com/m/news/2142975249?lang=&edition=full","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4662330,"gmtCreate":1623301403662,"gmtModify":1635329652286,"authorId":3578268652597294,"author":{"id":3578268652597294,"idStr":"3578268652597294","authorId":3578268652597294,"name":"Uknow09","avatar":"https://static.tigerbbs.com/07544b47944a89f8781b4ba1dac87b05","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183963608,"type":1,"supId":0,"prevId":0,"content":"Like and comment back please","text":"Like and comment back please","html":"Like and comment back please"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":71,"commentSize":28,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2142975249"}