31 January 12 | The Business Times by Felda Chay
COMMODITY trader Olam International has teamed up with Russian dairy farm player Rusmolco for the large-scale development of dairy and grains farming in the Penza region of Russia. Singapore-listed Olam said yesterday that it will invest up to US$75 million for a 75 per cent stake in Rusmolco. This is through a combination of capital injection and purchase of Rusmolco shares. Additional capital...
31 January 12 | The Straits Times by Melissa Tan
COMMODITY trader Olam International is teaming up with a Russian firm to invest as much as US$800 million (S$1 billion) in what may be the biggest cow farm and milk production facility in Europe and Asia. Olam's investment comes hot on the heels of a recent surge in interest in commodity players. These firms have seen their stocks being run up as more people turn to investing in scarce...
18 January 12 | The Straits Times by Lee Xin En & Leslie Kay Lim
THEY may not be as cute and cuddly as rabbits, but this Chinese New Year's auspicious pets are far less likely to be abandoned by impulsive owners. That is because each 'dragon fish' costs between $300 and $700, a hefty price tag that could leave buyers keen to hang on to their investment. Also known as the arowana, they are especially popular during the Year of the Dragon because of their...