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Olam to pause land clearing in Gabon in truce with Mighty Earth

22 Feb 2017 - Business Times Breaking News
OLAM International is suspending further forest clearing in Gabon for at least a year, as it reaches a truce with environmental group Mighty Earth which had earlier criticised the agri-commodity group for its supposed deforestation practices in the country. In return, Mighty Earth has agreed to suspend ...

Acquisition of Russian airport by consortium completed

22 Feb 2017 - Business Times Breaking News
THE consortium comprising Russian Direct Investment Fund (RDIF), Russia's Basic Element and Singapore's Changi Airports International (CAI) has completed the acquisition of shares in Vladivostok International Airport in Russia's far east from Sheremetyevo International Airport. The parties on Wednesday ...

New management appointments at CapitaLand entities

22 Feb 2017 - Business Times Breaking News
A TOTAL of three appointments to management have been made at CapitaLand Retail China Trust Management (CRCTM), CapitaLand Commercial Trust Management (CCTM) and Ascott Residence Trust Management. They are to take effect from March 1. Tan Tze Wooi, who has been deputy CEO of CRCTM since Dec 2016, will ...

HSBC appoints Australia chief to lead Singapore

22 Feb 2017 - Business Times Breaking News
HSBC has appointed Tony Cripps, chief executive of HSBC Australia, to lead its group in Singapore, with effect from April 3, 2017. Mr Cripps succeeds Guy Harvey-Samuel, who will retire from HSBC after more than 38 years at the bank.

Far East H-Trust: Reports FY2016 Income Available For Distribution Of S$78.1 Million.

22 Feb 2017 - ShareInvestor Express
Distribution per Stapled Security at 1.12 cents in 4Q 2016 and 4.33 cents in FY 2016. Healthy occupancies but lower rates in competitive environment result in lower gross revenue. Hospitality sector to remain competitive due to supply pressure and soft corporate demand...

Trendlines: Reports 2016 Year-End Results.

22 Feb 2017 - ShareInvestor Express
10 new portfolio companies established. Fair Value of Portfolio: US$83.7 million (FY2015: US$84.4 million). Total current assets: US$17.3 million (FY2015: US$24.0 million). Trendlines Labs revenue almost triples to US$1.14 million (FY2015: US$0.4 million). Sale of E.T.View Medical Ltd. for US$13.6 million, ...

Olam: Agree To Collaborate With Mighty Earth On Forest Conservation & Sustainable Agriculture In Highly Forested Countries.

22 Feb 2017 - ShareInvestor Express
In the wake of Mighty Earth's 2016 report, Palm Oil's Black Box, Mighty Earth and Olam met in Washington D.C. and agreed to move forward on two imperatives, enabling models for responsible agricultural development that support forest conservation whilst addressing poverty reduction and job creation in ...

DeClout: Achieves Record Revenue & Profitability On The Back Of 2 Milestone Harvests.

22 Feb 2017 - ShareInvestor Express
Revenue rises 9% yoy to a record S$304.0 million for FY2016, underpinned by growth in both the IT Infrastructure Services and Vertical Domain Clouds segments. Strong performance in the Group's IT Infra segment and the divestment of its subsidiary, Acclivis, drives a 26% yoy increase in net profit after ...

Procurri: Records 10.5% Revenue Gains For FY2016, Propelled By Solid Growth In Lifecycle Services.

22 Feb 2017 - ShareInvestor Express
Excluding IPO expenses, EBITDA surged 11.6% to S$15.1 million for FY2016 on the back of a stronger top-line and sustained margins. Recent acquisition in the UK and joint venture in the US will bolster predictable recurring income from the Lifecycle Services segment in the future. On track to achieve ...

Kingsmen: Reports Full Year Net Profit Of S$10.9 Million.

22 Feb 2017 - ShareInvestor Express
Revenue of S$329.7 million. Pipeline of projects in the region remains strong at S$106 million. Proposes final dividend of 1.5 Singapore cents per share...