TRADE AND INVESTMENT

London is to Build 1000 New Homes for Private Rent.

  

The new homes would be built in strategic locations, one of them is surrounding Olympic Village site which is projected in high demand. The size available mix of one, two or three-bedroom and all located nearby underground station. The site is also covering at Newington Butts in Southwark 278 homes and 172 homes in Hammersmith, Westminster and West Kensington. (TI01/CM/24/June/15) 

Olam International Acquired ADM for US$1.3 Billion. 

Olam International which has cocoa-processing plants in Britain, Nigeria, Indonesia, Spain and the Ivory Coast acquired United States firm Archer Daniels Midland (ADM) US$1.3 billion in cash. Olam will be global player as the world top three in cocoa commodities with 16 percent market share. The acquisition of ADM was triggered by company prediction that chocolates consumption would increase more than 16 percent by 2020. (TI02/BT/17/Dec/14)   

Singapore is to Invest in Guangdong. 

Singapore and China signed economic cooperation with 17 projects in healthcare, transportation, and environmental services. Singapore investment in Guangdong was over US$ 9 billion while Guangdong has 63 projects in Singapore with investment US$ 440 million in 2013. Singapore Minister for Transport Lui Tuck Yew said that the cooperation in the years ahead will help Guangdong to develop Intellectual Property eco-system, urban rejuvenation plans and global connectivity. (TI03/BT/19/Nov/2014)