Warburg Pincus to own 48.7% of ARA

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.

Eagle Hospitality Trust's sponsor directors confirm resignations on May 26

HOWARD Wu and Taylor Woods on Tuesday stepped down from the boards of Eagle Hospitality Trust's (EHT) managers.

Singapore shares open higher ahead of fourth budget; STI up 0.9%

SINGAPORE shares started the work week higher ahead of an announcement of Singapore's fourth Covid-19 support package on Tuesday.

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.

CDL sells more homes but achieves lower sales value in Q1

CITY Developments Limited (CDL) and its joint-venture associates sold 185 homes worth S$278.1 million for the first three months ended March 31, compared to 173 units valued at S$516.3 million in the same period last year.

Qatar Airways giving away 100,000 free tickets to healthcare workers

QATAR Airways on Monday said it is giving away 100,000 free tickets to frontline healthcare workers around the world to thank them for their work during the Covid-19 pandemic.

Qatar Airways giving away 100,000 free tickets to healthcare workers

QATAR Airways on Monday said it is giving away 100,000 free tickets to frontline healthcare workers around the world to thank them for their work during the Covid-19 pandemic.

SPH launches Tamil Murasu and The Straits Times news tablet bundle package

SINGAPORE Press Holdings (SPH) on Tuesday launched a Tamil Murasu and The Straits Times news tablet bundle package aimed at bilingual readers.

Frasers Centrepoint Trust issues S$200m 3-year notes at 3.2%

THE trustee of Frasers Centrepoint Trust (FCT) on Monday issued S$200 million of notes due 2023 with a 3.2 per cent fixed-rate coupon.

CDL almost halves sales value, temporarily closes 30% of hotels in Q1

CITY Developments Limited (CDL) and its joint-venture associates sold 185 units with total sales value of S$278.1 million for its first quarter ended March 31, versus 173 units with sales value of S$516.3 million a year ago, CDL said on Tuesday.

Singapore shares open lower on Tuesday; STI down 1.1%

SINGAPORE shares opened lower on Tuesday after US markets finished mixed overnight.

Razer Fintech organises May 15-17 hackathon to solve financial challenges amid pandemic

RAZER’S fintech arm, Razer Fintech, will launch its first digital hackathon in Singapore to "support and resolve issues faced by the youth and local startups due to the Covid-19 crisis".

Stocks to watch: AMTD, SGX, Lendlease Global Reit, FSL Trust, CapitaLand, Keppel, HC Surgical

THE following companies saw new developments that may affect trading of their shares on Tuesday:

Yangzijiang Q1 profit tumbles 51% following China lockdown

YANGZIJIANG Shipbuilding's net profit halved to 403.8 million yuan (S$80.8 million) for its first quarter ended March 31, 2020, from 824.1 million yuan a year ago.

VIRUS OUTBREAK

New fund gets S$1m to help migrant workers in Singapore in next 18 months

SINGAPORE-BASED venture philanthropy organisation Leap201 has received committed capital of S$1 million for its newly set up fund to support migrant workers in Singapore during and beyond the Covid-19 pandemic, it said on Thursday.

New fund gets S$1m committed capital to help migrant workers in Singapore

SINGAPORE-BASED venture philanthropy organisation LEAP201 has received committed capital of S$1 million for its newly set up fund to support migrant workers in Singapore during and beyond the Covid-19 pandemic, it said on Thursday.

Singapore stocks open higher, tracking US market gains; STI up 0.8%

SINGAPORE shares rose at the opening bell on Thursday after US markets closed sharply higher overnight.

Yangzijiang Q1 profit tumbles 51% following China lockdown

YANGZIJIANG Shipbuilding's net profit tumbled 51 per cent to 403.8 million yuan (S$80.8 million) for its first quarter ended March 31, 2020 from 824.1 million yuan a year ago.

TAKING HEART

Temasek Trust launches S$10m fund for initiatives that support virus-hit communities

TEMASEK Trust, the philanthropic arm of Singapore investment company Temasek Holdings, has launched a S$10 million fund to support ground-up initiatives that help communities affected by the novel coronavirus outbreak, it said on Wednesday.

Temasek Trust launches S$10m fund for initiatives that support virus-hit communities

TEMASEK Trust, the philanthropic arm of Singapore investment company Temasek Holdings, has launched a S$10 million fund to support ground-up initiatives that help communities affected by the novel coronavirus outbreak, it said on Wednesday.

Asian Pay TV proposes 1-for-4 rights issue; declares unchanged 0.3 cent Q1 DPU

PAY TV firm Asian Pay Television Trust's (APTT) trustee-manager has proposed a renounceable non-underwritten rights issue to raise gross proceeds of about S$46.2 million that will be mainly used to pare down the trust's offshore debt.

Broker's take: DBS says Mapletree Industrial Trust becoming 'alternative data centre play'

DBS Group Research on Tuesday said Mapletree Industrial Trust (MIT) is fast becoming an alternative data centre play and has ample capacity for strategic acquisitions in the US.

Vickers Venture leads US$34m round for X-ray systems firm Lumitron

US-BASED X-ray and laser tech firm Lumitron Technologies has closed a US$34 million funding round led by Singapore-based venture capital (VC) firm Vickers Venture Partners.

APTT declares 0.3 S cent DPU for Q1, proposes 1-for-4 rights issue to pare debt

PAY TV firm Asian Pay Television Trust (APTT) on Tuesday declared an ordinary interim distribution per unit (DPU) of 0.30 Singapore cent for its first quarter ended March 31, 2020, unchanged from a year ago.

Singapore shares open slightly higher on Tuesday; STI up 0.03%

SINGAPORE shares edged higher at the opening bell on Tuesday following gains in US markets overnight on optimism about steps to reopen the US economy.