Olam International

The curious incident of the debt in the day-time - THE EDGE SINGAPORE

Global Markets

The curious incident of the debt in the day-time

Debt may bite these companies in the leg
Olam Group reports 2HFY2022 earnings of $200.0 mil, 24.5% lower y-o-y - THE EDGE SINGAPORE

Results

Olam Group reports 2HFY2022 earnings of $200.0 mil, 24.5% lower y-o-y

A second and final dividend of 4.5 cents has been recommended, bringing the group's FY2022 dividend to an unchanged 9.5 cents.
Olam's 1HFY2022 earnings marginally up by 1.8% to $429.1 mil as it continues reorganisation plan - THE EDGE SINGAPORE

Results

Olam's 1HFY2022 earnings marginally up by 1.8% to $429.1 mil as it continues reorganisation plan

Olam is cautiously optimistic about its prospects for the rest of 2022.

Commodities

Marc Rich may rise from the dead

Commodity traders thrive during war and sanctions. The business takes its inspiration from Marc Rich, the master of this trade.
War risks raising food prices in Asia, Ukraine ambassador warns - THE EDGE SINGAPORE

Russia-Ukraine crisis

War risks raising food prices in Asia, Ukraine ambassador warns

"The implications of this full-fledged war in the very heart of Europe will be felt on every corner of the globe."

Company in the news

Olam secures US$150 mil SOFR-pegged club loan

The facility has a one-year tenor with Olam Treasury as a co-borrower.
Olam secures US150m loan to purchase sustainable cotton - THE EDGE SINGAPORE

Sustainability

Olam secures US$150m loan to purchase sustainable cotton

Olam says this loan will be used for procurement of sustainable cotton from the BCI.
Olam to launch smart carbon management platform GreenPass - THE EDGE SINGAPORE

Sustainability

Olam to launch smart carbon management platform GreenPass

The platform has been developed in-house by Olam is now being made available externally.

Global Economy

Briefs: IMF chief says more vaccinations can help tame inflation; Blockchain Association Singapore partners AntChain

"Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers.": Musk
Biggest global agricultural commodity companies including Wilmar, Olam International commit to sustainability roadmap - THE EDGE SINGAPORE

Sustainability

Biggest global agricultural commodity companies including Wilmar, Olam International commit to sustainability roadmap

The companies issued a joint statement at COP26 pledging to lay out a shared roadmap consistent with a 1.5°C pathway by COP27.
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