Morning business news round-up for April 29, 2014

Far East Hospitality Trust, which manages the Village Residence Clarke Quay (above), said income availabe for distribution rose, but that it will pay a lower distribution per stapled security. -- FILE PHOTO: FEH
Far East Hospitality Trust, which manages the Village Residence Clarke Quay (above), said income availabe for distribution rose, but that it will pay a lower distribution per stapled security. -- FILE PHOTO: FEH

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. Three industrial land sites in Tuas and Woodlands put up for sale. The sites are located at Tuas South Street 11, Tuas Avenue 11 and Woodlands Avenue 12, said the Urban Redevelopment Authority (URA) and JTC Corporation in a joint statement on Tuesday.

2. Coca-Cola partners A*Star to expand research activities in Singapore. The collaboration is aimed at helping Coca-Cola optimise its production processes and gain new insights into consumer needs and preferences, which A*Star researchers will also benefit from greater experience in food research.

3. Far East Hospitality Trust posts lower Q1 payout of 1.3 cents per stapled security. Its income available for distribution rose 4.5 per cent in the first quarter of this year to $23.1 million, but it will pay a lower distribution per stapled security due to an enlarged number of stapled securities and a weaker performance from its hotels.