Stocks to watch: Singtel, CapitaLand, UOB, SGX, City Dev, Chip Eng Seng

THE following companies saw new developments that may affect trading of their securities on Thursday:

Fortitude Budget: Further draw of S$31b from reserves

SINGAPORE President Halimah Yacob has given her in-principle support for a further draw of S$31 billion from the past reserves, to fund the fourth round of Covid-19 support measures.

Fortitude Budget: Hiring incentive now covers all ages, doubled for older workers

THE Singapore government will enhance incentives to support employers in hiring local workers who have gone through eligible traineeship and training schemes.

Fortitude Budget: 4,000 traineeships for unemployed mid-career individuals

UNEMPLOYED mid-career individuals in Singapore will be able to learn new skills and embark on new careers by taking on traineeships.

Fortitude Budget: Up to S$5,000 payouts for F&B, retail businesses that go digital

THE Singapore government will allocate more than S$500 million to support businesses in their digital transformation, Deputy Prime Minister Heng Swee Keat announced on Tuesday.

Fortitude Budget: S$285m to attract matching investments for startups

PROMISING startups in Singapore will get financing support to help them sustain their innovation and entrepreneurship activities.

Fortitude Budget: SME tenants get cash grant to offset rents

THE Singapore government will provide a new cash grant to offset more of the rental costs of small and medium-sized enterprises (SMEs), to be disbursed through property owners.

Fortitude Budget: JSS extended for 1 month, aerospace firms to get 75% wage support

ALL firms in Singapore will receive payouts under the Jobs Support Scheme (JSS) for an additional month, until November 2020, to provide more relief as firms safely reopen after the “circuit breaker” period.

Warburg Pincus mops up bulk of ARA shares held by Chinese trust

US private equity firm Warburg Pincus is set to own nearly half of ARA Asset Management, following the impending exit of AVIC Trust as a shareholder in the real estate fund manager.

Thomson Medical directors take 20% fee cut, managers forgo bonus

WITH effect from June 1, the board of Thomson Medical Group (TMG) will take a 20 per cent cut in directors' fees.

Sea prices US$1b convertible notes at 2.375%

INTERNET company Sea Ltd, which owns e-commerce platform Shopee and game developer Garena, is offering US$1 billion in convertible senior notes due in 2025.

Thomson Medical directors take 20% fee cut, managers forgo bonus

WITH effect from June 1, the board of Thomson Medical Group (TMG) will take a 20 per cent cut in directors’ fees.

Stocks to watch: Manulife US Reit, Del Monte, Vicom, Keppel DC Reit, PropNex

THE following companies saw new developments that may affect trading of their securities on Thursday:

Manager of Eagle Hospitality Trust may get new partner: sponsor

URBAN Commons, the sponsor of troubled Eagle Hospitality Trust (EHT), is planning to bring on board a "new strategic partner at the manager level" for EHT, the Los Angeles-based real estate investment and development firm said in a statement sent to The Business Times (BT).

Oxley unit finds buyer for Chevron House retail, banking units at S$315m

A POTENTIAL buyer has entered into an expression of interest (EOI) with Oxley Beryl, which owns the former Chevron House, to acquire the retail and banking units in the Raffles Place development for S$315 million, Oxley Holdings said in a bourse filing on Tuesday evening.

Eagle Hospitality Trust's sponsor directors to resign

HOWARD Wu and Taylor Woods, co-founders at Eagle Hospitality Trust's (EHT) sponsor Urban Commons, plan to step down from the trust managers' boards of directors.

Oxley Beryl enters into EOI to sell Chevron House's retail, banking units for S$315m

A POTENTIAL buyer has entered into an expression of interest (EOI) with Oxley Beryl, which owns the former Chevron House, to acquire the retail and banking units in the Raffles Place development for S$315 million, Oxley Holdings said in a bourse filing on Tuesday evening.

Fake MAS e-mails scammed nine individuals of over S$50,000 in total

NINE individuals have reported that they were scammed by bogus e-mails misusing the Monetary Authority of Singapore's (MAS) name and logo, into making payments totalling more than S$50,000.

Rajah & Tann, CMS, Cooley invest over US$10m in global open platform for lawyers

THREE international law firms headquartered in the UK, US and Singapore have invested more than US$10 million to take Lupl, an open industry technology platform for legal matters, through its development and beta launch.

Hyflux gets waivers, extensions for AGMs and results pending reorganisation

HYFLUX is now required to convene its annual general meetings (AGMs) for both FY2018 and FY2019 by Sept 30, 2020.

Hot stock: Singapore Airlines slumps to record low ahead of results release

SINGAPORE Airlines' (SIA) share price touched a 30-year low on Thursday, sinking 6.5 per cent or S$0.26 to S$3.74 by the midday break.

Lendlease appoints Gan Chong Min as MD of Asia investment management business

PROPERTY and infrastructure group Lendlease has named industry veteran Gan Chong Min as its managing director (MD) of investment management in Asia.

Shareholders' loan in AXA Tower deal with Alibaba amounts to S$364.7m: Perennial

IN response to the Singapore Exchange's (SGX) queries, Perennial Real Estate on Wednesday night disclosed that the shareholders' loan, half of which will be transferred to Alibaba Singapore, has S$364.7 million outstanding.

US court dismisses a cause of action in EIG lawsuit against Keppel O&M

KEPPEL Offshore & Marine (Keppel O&M), a unit of Keppel Corp, has succeeded in its motion to dismiss one of two causes of action brought against it by EIG Management Co's funds in the US.

Complaint against HC Surgical's Julian Ong moved to SMC disciplinary tribunal

THE complaint made against surgeon Julian Ong with the Singapore Medical Council (SMC) will progress to a disciplinary tribunal (DT).