Agri-food giant Olam International’s value-added ingredients business, Olam Food Ingredients (OFI), is waiting for stability in the market and fair valuation before it can proceed with its plans to list on the London Stock Exchange, says its CEO A. Shekhar.He also claims that OFI is a strong ebitd...

The transition to net zero will require us to transform how we live and work. As a densely populated metropolis in the tropics, Singapore is a living lab to develop testbeds and commercialise green solutions for urban living, says Ravi Menon, managing director of the Monetary Authority of Singapore ...

Analysts are keeping their “buy” and “add” calls on Mapletree Industrial Trust (MINT) with lower target prices on the back of higher utility and borrowing costs.DBS Group Research analysts Derek Tan and Dale Lai note that the spike in utility costs has already impacted MINT’s 2QFY2023 numb...

With effect from Sept 26, iFast Corp, IGG Inc, Olam Group and Yangzijiang Financial Holding will exit the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index.While these four companies take their leave off the index, six companies have been included into the index, namely CapitaLand Investment, L...

Emperador, which listed on the Singapore Exchange (SGX) in July, has displaced ComfortDelGro (CDG) as one of the 30 constituents on the benchmark Straits Times Index (STI).The Mainboard-listed brandy maker received its eligibility to list on the SGX on April 13. It is the first Phillipine Stock Exch...

Frasers Centrepoint Trust (FCT), which is one of the most defensive Singapore REITs (S-REITs), boasts defensive strength supported by essential services, says UOB Kay Hian Research analyst Jonathan Koh.“Essential services account for 45% of its total net lettable area (NLA) and contribute 54.4% of...

Olam Food Ingredients (ofi), which is part of the Olam Group, has secured a multi-tranche sustainability-linked facility totalling US$1.98 billion ($2.76 billion) on Aug 30.The facility comprises a two- and three-year revolving credit facility (RCF) and a three-year term loan. The interest margin on...

OLAM Group’s wholly-owned food ingredients unit Olam Food Ingredients (OFI) has obtained a multi-tranche, sustainability-linked facility aggregating about US$1.98 billion from a total of 19 banks from Australia, Canada, Europe, Japan, the Middle East, Singapore and the US.

OLAM Group’s food, feed and fibre operating business Olam Agri has obtained a US$2.9 billion facility with a 3-year tenor to refinance its existing loans, and for general corporate purposes.

THE US$2.9 billion loan facility which Olam Agri has taken out to refinance its existing loans, among other uses, involves 16 lenders that united over what are known as Poseidon Principles. 

Singapore Exchange sees more listings in coming months by Chinese issuers that already trade American depository receipts, even as it grapples with delayed deals amid a global valuation slump.Following Nio Inc.’s technical listing in May, investors can expect others will follow suit, Chief Executi...

Olam Agri, the food, feed and fibre operating arm of SGX-listed Olam Group has secured a US$2.9 billion ($4.05 billion) facility based on Poseidon Principles.The Poseidon Principles are a global framework that incorporates green considerations for responsible ship finance.The facility has Olam Agri ...

OLAM Group’s food, feed and fibre operating business Olam Agri has obtained a US$2.9 billion facility with a 3-year tenor to refinance its existing loans, and for general corporate purposes.

The following company saw new developments that may affect trading of their securities on Wednesday (Aug 24):

OLAM Group on Friday (Aug 12) reported a net profit of S$429.1 million for the first half of the fiscal year ended June 2022, up a marginal 1.8 per cent from S$421.5 million in H1 2021 as higher finance costs partly offset strong Ebit (earnings before interest and tax) growth for the period....