Olam International plans to raise S$740 million through an equity fund raising exercise in three tranches. Company’s first tranche includes successful placement of new shares to over 100 institutional investors and other retail investors raising about S$245 million in gross proceeds.

In the year ending in March, portfolio of Temasek Holdings slipped by nearly $27 billion, or more than a fifth; however, it will remain associated with banks as it foresees opportunities in food and energy.

Wednesday saw Temasek chief executive Ho Ching specifying in a speech at the Institute of Policy Studies in Singapore that they are certainly not happy with the negative wealth added in March last year as well as March this year.