Temasek Holdings

Given that the hedges are forward contracts, SIA will be obligated to pay its hedging counterparties for the hedging losses on the hedged barrels, says CGS-CIMB

SIA plans to offer a three-for-two rights issue at $3 per share, which is a 53.8% discount off SIA’s last traded price of $6.50. It will also raise up to another $9.7 billion from a 10-year Mandatory Convertible Bonds (MCB).

SINGAPORE (Mar 26): Singapore Airlines (SIA) has announced it is undertaking a renounceable rights issue of new shares in the company and mandatory convertible bonds (MCB) to raise up to $15 billion. Coming just a minute before midnight on March 26, the

Singapore will do all it can to help SIA and preserve the country’s status as an aviation hub, says DPM Heng Swee Keat.

The slide in share values this quarter is also a disappointing end to what was shaping up to be a reasonable year for Temasek and its International Chief Executive Officer Dilhan Pillay, who is serving his first year at the helm.

The move, which will start in April, will see Temasek halt all raises and salary increases linked to promotions.

SINGAPORE (Feb 21): The net investment returns contri­bution (NIRC) is expected to be the single largest contributor to Sin­gapore’s coffers this year under Budget 2020.

“Asia’s electricity and heat generation sector alone creates 25% of global carbon dioxide emissions," notes ABC World Asia’s Managing Director Tan Shao Ming.

In China, WeWork contends with several well-connected and aggressive rivals.

SINGAPORE (Dec 26): Mapletree Logistics Trust (MLT) is selling Mapletree Waigaoqiao Logistics Park to a subsidiary of Temasek Holdings associate GDS Holdings for RMB 330.0 million ($64.0 million), the manager announced Thursday.