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....

Olam International has posted 1HFY2022 ended June earnings of $429.1 million, a slight 1.8% increase y-o-y from $421.5 million recorded in the previous corresponding period.This is attributed to the strong EBIT growth partly offset by higher finance costs amid a high interest rate environment, taxes...

Temasek Holdings Chief Executive Officer Dilhan Pillay runs a US$290 billion ($402.07 billion) state-owned investment empire. But every quarter he spends up to two hours chatting to a man in Indonesia about fish.Those lengthy calls with Bandung-based eFishery, a startup so small it only accounts for...

Temasek has been pushing the sustainability agenda aggressively, mainly through its annual Ecosperity Week conference, with the most recent edition held in June.The state-owned investor has also lifted its internal carbon price from US$42 ($58) per tonne of carbon dioxide equivalent (tCO2e) to US$50...

For the 5 trading sessions that spanned Jul 1 to 7, the Straits Times Index (STI) gained 0.9 per cent, with the FTSE China A50 Index declining 0.8 per cent, the Hang Seng Index declining 0.2 per cent and the FTSE Bursa Malaysia KLCI declining 1.4 per cent.

As at 12.44pm, shares in Olam Group are trading 2 cents lower or 1.28% down at $1.54.

The poor performance of commodity traders on Singapore Exchange (SGX) has baffled investors. Corn and wheat are at the highest levels since 2012. The Bloomberg Commodity Index is up 24% year-to-date. Western commodity traders such as Glencore, Bunge and Archer-Daniels-Midland are soaring.But, Olam G...

Since last year, the Singapore-dollar corporate credit market has seen several large and complex corporate reorganisations happening including at Olam International, Keppel Corporation, CapitaLand Group, Singapore Press Holdings and ARA Asset Management.Such reorganisations are not new and they foll...

Temasek announced today the launch of GenZero, a wholly-owned investment platform company dedicated to accelerating decarbonisation globally. The state investment company also committed an initial amount of $5 billion into the subsidiary.GenZero will invest globally across three focus areas: technol...

FOR the 5 trading sessions that spanned May 27 to Jun 2, the Straits Times Index (STI) gained 0.6 per cent, with the FTSE China A50 Index adding 3.6 per cent, the Hang Seng Index rising 4.6 per cent and the FTSE Bursa Malaysia KLCI up 0.5 per cent. 

Sunny George Verghese, co-founder and group CEO of Olam Group, has increased his stake in the agri-commodities player. On May 27, Verghese acquired 500,000 shares at about $1.47 each. On May 31, he acquired another 500,000 shares at $1.53 each. The acquisitions bring his direct stake in the company ...

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...

SGListCos, an association for companies listed on both the mainboard and Catalist of the Singapore Exchange, has been formed. As described in its LinkedIn post, SGListCos describes itself as a body “set up by listcos for listcos”. The association’s pro-tem chairman is Chew Sutat, w...