Agribusiness
British International Investment pours $20m into Valency International
British International Investment pours $20m into Valency International
It will fund the Singapore-based firm's expansion in Nigeria.
Gov’t temporarily bans import of poultry from 23 US regions
The 23 regions have reported outbreaks of H5N1 in poultry.
Archisen, FarmByte to build vertical indoor farm in Malaysia
FarmByte will invest $2.4m into Archisen.
Shen Yao independent director charged by CPIB, steps down
The director cited health reasons for his resignation.
Bumitama Agri's net profit dips 27% YoY to $181.97m in 9M23
The company's revenue also fell during the period.
Wilmar Q3’23 net profit dips, dragging YTD performance
It was partially offset by robust performance in our sugar milling and merchandising businesses.
Kuok Khoon Hong boosts stake in Wilmar
The Wilmar chief now has a 13.44% stake in the company.
Olam Agri refutes allegations of Nigeria business’ involvement in multi-billion dollar fraud
The company said reports that it funnelled US$34b into the Central Bank of Nigeria are “inaccurate.”
Olam unit bags US$1.75b sustainability-linked loan
Nineteen banks participated in the facility.
Olam Group subsidiary secures multi-tranche sustainability-linked loan
Olam food ingredients (ofi) seeks to deliver sustainable food and beverage ingredients.
Wilmar’s earnings trimmed to 22% in 2023 after ‘disappointing’ H1 earnings
Earnings will grow by 22%, 12%, and 5% for 2023 to 2025, analysts estimate.
Golden Agri’s net profit cut by half in 1H23
Its profit fell to US$182m.
Lower almond yields and high-interest rates lower Olam Group’s H1 PATMI
The SGX-listed group posted $47.9m PATMI in the first half (H1) of 2023.
Bumitama Agri’s net profit down 45.4% YoY in H1
It went down to IDR 759.76b ($67.34m) in the first half (H1) of 2023.
First Resources’ net profit falls 44.1% YoY to $71.5m in 1H23
The company’s sales likewise fell during the period.
Wilmar International to dispose entire stake in Morocco company for US$605m
The company expects to complete the disposal by 4Q23.
HK mulls ban on aquatic products from Japan
Aquatic products include all live, frozen, chilled, and dried.
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