working capital

Olam secures US$163 mil worth of medium-term loans

SINGAPORE (Mar 28): Olam International says it has secured a total of US$163 million ($213.4 million) in loans from Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA).

The medium-term financing facilities comprise two tranches: a US$83 million five-year facility for the group, as well as a US$80 million seven-year facility for its subsidiary, Café Outspan Vietnam (COVL), under a guarantee from Olam.

Delayed payments from customers remains key challenge for SMEs: SPRING survey

SINGAPORE (Dec 18): Managing delays in customer payments remains as a key finance-related challenge for Singapore's small-medium enterprises (SMEs) even with easy access to debt financing, according to recent findings from the 2017 SME Financing Survey by SPRING Singapore. 

Now in its second edition, the 2017 SME Financing Survey involved over 1,800 SME respondents across various industries, revenue bands and stages of development, and was conducted by SPRING Singapore in partnership with Dun & Bradstreet between June and Sept this year.

Noble sells energy unit to Calpine for US$1.05 bil

SINGAPORE (Oct 10): Asian commodities trader Noble Group on Monday announced the sale of US energy unit Noble Americas Energy Solutions (NAES) to Calpine Corporation for US$1.05 billion ($1.44 billion), comprising US$800 million plus a repayment of US$248 million worth of NAES working capital.

(See also: Noble Group CEO Alireza resigns; to sell Noble Americas Energy Solutions)

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