Agribusiness
Olam International arm prices US$120m US debt private placement
Olam International arm prices US$120m US debt private placement
The notes were placed to nine investors at a fixed rate of 3.89% for five years.
First Resources' profits dropped 55.7% to US$12.29m
It blamed weaker palm oil prices despite higher sales volumes.
Golden Agri Resources profits climbed 53.5% to $25.07m in Q1
It was bolstered by improved performance from its palm, laurics, and other segments.
Olam's profits grew 6.9% to $168.88m in Q1
The higher contributions from edible nuts and cocoa boosted earnings.
Wilmar International profits jumped 26.4% to $349.3m in Q1
Pre-tax profit in the tropical oils segment skyrocketed 81% to $250.88m. Wilmar International started the year with a bang as net profit climbed 26.4...
Japfa's profits plummeted 53% to US$7.81m in Q1
It blamed weaker operating profit from PT Japfa Tbk, which suffered from low broiler prices.
Daily Briefing: Singapore's private banks struggle to hire and retain RMs; Biotech startup RWDC Industries raises nearly $30m in series A funding
And the Transport Minister hopes that the agreement to suspend the RTS would be finalised soon.
Daily Briefing: Land-starved Singapore makes room for urban farms in food security push; Hotel Properties acquires Marriott Hotel for $30.56m
And Tuas Checkpoint will soon feature a contactless immigration system.
Olam clinches three-year digital loan for $474.35m
It will support the firm’s efforts towards digital transformation.
Wilmar's China unit set for $12-13b market cap upon Shanghai IPO: analyst
It is backed by its ARAWANA brand for cooking oil, pack rice, flour, and pack dry noodles.
Wilmar to takeover Goodman Fielder for US$180m
Goodman Fielder manufactures food ingredients and consumer branded food for Australasia.
Government aims to have 30% of food to be locally-produced
Environment and Water Resources minister aims to use new tech solutions to raise productivity of farms.
Singapore to develop 18ha agri-tech innovation park
It should be ready from Q2 2021, trade and industry minister Koh Poh Koon said.
First Resources' profits dipped 12.9% to $162.3m in 2018
Growth in production volumes outweighed overall sales volumes during the year.
Olam's FY2018 profits plummeted 40.1% to $347.87b
It had a large exceptional $149.4m gain recorded in 2017 primarily from the sale of its 50% stake in FEA.
Bumitama Agri's profits slipped 8% to $105,712.65 in 2018
It blamed weakening agriculture commodity prices and foreign exchange losses.
Olam buys 85% stake in Indonesia's largest cocoa processor for $121.31m
The acquisition will add 150,000 metric tonnes of cocoa bean processing and capacity.
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