Agribusiness

The palm oil producer is expected to make up for its drop in net profit in the next six months.

First Resources’ reported a net profit of $32.6m for the first half of the year.

The company plans to list Olam Food Ingredients in both the London Stock Exchange and SGX soon.

This is on the back of higher profit from Feed and Industrial Products and Plantation & Sugar Milling.

The platform by the joint venture between ST Engineering and SP Group was first deployed at AbyFarm. 

This comes as the Group plans to be the leading raw milk producer in China.

Brazil-based meat processor JBS SA was hacked by Russian-speaking gang REvil, the Federal Bureau of Investigation said.

More than S$90b of trade flows meet green and sustainable requirements in Singapore.

Higher export taxes in Indonesia stabbed at the palm oil producer’s profits.

Olam International Limited, through a subsidiary, has two years to pay for the acquisition of Olde Thomson.

The company’s profit was affected by Indonesian government's CPO levy and export tax.

All of the food processing firm's core business segments grew in the first quarter.

Japfa's net profits were up 36.9% to US$35.5m.

Olam Food Ingredients is set to acquire Olde Thompson for US$900m.

The project will use advanced climate and plant science technology.

Thise will be consolidated with its existing $250m securities, issued under the same programme.