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March 15, 2021 | By Anita Gabriel, The Business Times
Olam International will be breaking up into two (relatively) bite-sized entities. The rejig of Olam's humongous portfolio and "full-fledged" spin-off for the food ingredient and agri-business assets mark the firm's most impactful endeavour to woo the market to raise growth capital.
Olam's group chief executive Sunny Verghese's enthusiasm is hard to miss even with his all-too-familiar measured and reflective despatch. "It's an exciting opportunity to create world-class businesses that will be true market leaders," he told The Business Times in an interview.
March 11, 2021 | By Angela Tan, the Business Times
The global trade imbalance due to Covid-19 has resulted in a mismatch between where sea containers are and where they need to be, causing supply-chain bottlenecks.
PIL executive chairman and managing director S S Teo, who is also Co-Chairman of ASEACC said as container liners struggle to meet demand for containers on the US and European routes, there is a knock-on effect on other trade lanes when containers are diverted. Most in the industry are expecting the container shortages in Japan, South Korea, India and South-East Asia to last until mid-2021.
May 13, 2020 | By Vivienne Tay, the Business Times
Wilmar shares were trading S$0.15 or 3.9 per cent higher at S$3.97 as at the mid-day break on Wednesday.
As China - which Wilmar derives nearly 60 per cent of its revenue from - starts to open up following the Covid-19 lockdowns, volume momentum should pick up, said analyst Thilan Wickramasinghe in a research note dated Tuesday.
New investment and advisory firm to focus on intra-Africa trade
Nov 18, 2018 | By Sanne Wass, Global Trade Review
Two business leaders have launched a new investment and advisory firm focusing on equity investments and trade and corporate finance in Africa.
Africa-Asia economic relations: Let the private sector shine
Sep 25, 2018 | By Kelvin Tan, theafricareport
For almost two decades, Asian governments have been very vocal in their desire to get involved in the African continent. Bilateral forums, conferences, meetings and seminars happen more often than one can count, and usually result in numerous announcements – ranging from memoranda of understanding (MoU) to billions of financial commitments.
Singaporean companies eyeing niche opportunities in Africa
Jun 16, 2016 | By Jaco Maritz
Singapore’s government is actively encouraging its businesses to explore commercial opportunities in Africa, a region currently accounting for only about 1% of its total global trade.