Olam to acquire global cocoa business of Archer Daniels Midland for $1.7 billion
With eight plants from Singapore to Ivory Coast, ADM has bean processing capacity of 600,000 tonnes per year, equating to about 14 per cent annual global output. Global grinding capacity is expected to hit a record of 4.2 million tonnes in 2013/14.
Female millennials are growing force in global talent pool: PwC survey
The traditional womans role as a homemaker is no longer as compelling as the study registered a mere three per cent of women who left their last employers to start a family. Instead, 58 per cent consider opportunities for career progression as the.
Singapores Mapletree signs $5b serviced apartment deal
Mapletree will acquire a 49 per cent stake in Oakwood Asia Pacific, Oakwood Worldwides serviced apartment business in Asia. It aims to acquire and develop US$4 billion (S$5.02 billion) worth of corporate and serviced apartment assets within Asia.
Loss-making Tigerair seeks turnaround by clipping own wings
Battered by bruising competition, which has pushed the carrier into its biggest loss ever, Tiger-air will park the planes - about 15 per cent of its total fleet - until the end of March next year. The decision to downsize comes about two months after.
ST Engineering net profit down 16.2% for Q4 and 8.4% for full year
The smaller revenue came from lower contributions from the group aerospace, electronics and marine sectors which saw a drop of between 6 per cent and 11 per cent in their revenues. The land systems sector achieved an 8 per cent year-on-year increase.
Mukesh Ambani loses top spot as Indias wealthiest to Dilip Shanghvi
The stock surged 6.7 per cent to a record 1,006.30 rupees at the close in Mumbai on Wednesday, while Mr Ambanis Reliance Industries, which runs the worlds biggest refining complex, lost 1.4 per cent. Theres a lot of up and coming new money which is .
SPH REIT posts 2Q 2015 DPU of 1.40 cents, up 0.7 per cent from last year
SPH REIT Management, the managers of SPH REIT, announced that income available for distribution to unitholders was $36.3m for 2Q 2015, an increase of 4% year-on-year. Distribution per unit (DPU) for 2Q 2015 was 1.40 cents, an increase of 0.7% against .