Thursday, May 14, 2009

Daily news - 14 May

Wilmar may list 20-30% of China business
Plantations giant Wilmar International said yesterday it plans to list 20 to 30 per cent of its China business in either Hong Kong or Shanghai. Chief executive officer Kuok Khoon Hong said that with rising affluence and rapid urbanisation, China will consume increasing quantities of high-quality processed agricultural commodities and other consumer products.

SingTel posts highest subscriber gain
Exclusive handset deals and aggressive mobile promotions continue to make more consumers 'see red', with Singapore Telecom chalking up the biggest subscriber gain among the three local operators in the first quarter of this year.

Source: Kim Eng

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