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Daily Debrief: What Happened Today

Agri-food giant Olam International is reorganising its businesses into two operating groups focusing on food ingredients and global agri-business.

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Olam creates two new operating groups

THIS is to simplify its diverse portfolio, allow for potential carve-outs or initial public offerings (IPOs) of the operating groups, and accelerate profitable growth, Olam said on Monday in a regulatory update.





Singapore cannot assume it is immune to divisive forces: Heng Swee Keat

DEPUTY Prime Minister Heng Swee Keat said increasing pessimism about the future and the lack of progress have led people in other parts of the world to view their governments and institutions with distrust, ushering in an era of "anti-politics".

ARA H-Trust completes acquisition of three US hotels for US$84m

THE freehold properties are AC by Marriott Raleigh North Hills in North Carolina, as well as Courtyard San Antonio and Residence Inn San Antonio both in The Rim shopping district in Texas.

Elite Commercial Reit's Singapore IPO to raise up to £131.2m

THE offer price for UK-focused Elite Commercial Reit's proposed Singapore initial public offering (IPO) has been set at £0.68 per unit.

Broker's take: OCBC says 'worst likely over' for Mapletree NAC Trust

OCBC Investment Research on Monday increased its fair-value estimate for Mapletree North Asia Commercial Trust (MNACT) slightly to S$1.37 from S$1.36, while maintaining its "buy" call.

The STI today

Singapore shares end flat on Monday on lack of market drivers

THE Straits Times Index closed at 3,280.09 on Monday, down 0.03 per cent or 0.94 points.