<div class=newsTextDataWrapInner><p>SINGAPORE (Nov 12): Wilmar International, Asia’s leading agribusiness group, reported a 10% y-o-y increase in 3Q19 earnings ended Sept to US$447.1 million (S$608 million).</p></div>

<div class=newsTextDataWrapInner><p>3Q19 revenue came in 2.2% lower at US$11.2 billion from a year ago due to lower commodity prices.</p></div>

<div class=newsTextDataWrapInner><p>Wilmar says the stronger bottomline was driven by better results in tropical oils and consumer products as well as the recognition of a gain from the disposal of the group’s discontinued operations in Brazil.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em>For the full story, visit <a href="https://www.theedgesingapore.com/capital/results/wilmar-reports-10-rise-3q-earnings-us447-mil-better-performance-across-all-core" target="_blank">theedgesingapore.com</a>.</em></p></div>


Wilmar International, Asia’s leading agribusiness group, reported a 10% y-o-y increase in 3Q19 earnings ended Sept to US$447.1 million (S$608 million).

3Q19 revenue came in 2.2% lower at US$11.2 billion from a year ago due to lower commodity prices.

Wilmar reports 10% rise in 3Q earnings to US$447m on better performance across all core segments

The UK will outperform its struggling European peers in the next 15 years, helping it to cling onto its place among the world’s biggest economies, according to long-term projections.

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Taiwan prosecutors have charged a former mayor of Taipei who heads a small opposition party with accepting T$17.1 million (US$522,392 or RM2.33 million) in bribes over a major property development in the capital and misuse of political donations.

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China abruptly ousted two military lawmakers from its national Parliament without explanation, as a purge of key personnel in the upper echelons of the nation’s defence establishment shows no sign of easing.

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The lawyers for a former South Korean defence minister under investigation on insurrection charges said on Thursday a short-lived martial law decree imposed earlier this month was to raise alarm on opposition parties' abuse of the democratic process.

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Russia is ready to continue gas exports to Europe through several routes just as a contract to transit the fuel via Ukraine is expected to end this year, Deputy Prime Minister Alexander Novak said.

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Tune Protect Group Bhd (KL:TUNEPRO), which mainly provides travel insurance, is expected to end 2024 with a small profit following a recent turnaround before a jump in 2025, said TA Securities.

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Honda Motor Co absorbing Nissan Motor Co could give the two struggling Japanese brands the scale they need to take on China’s BYD Co, sales figures released on Wednesday showed.

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The South Korean won hit the weakest level since March 2009 in holiday-thinned trading amid the US dollar's continued rally. South Korean stocks fell, while the benchmark bond yield rose.

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The Department of Irrigation and Drainage (DID) has forecast potential flooding in nine districts in Kelantan over three days from Sunday (Dec 29).

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<p>Yildiz Holding AS, the Turkish conglomerate behind Godiva chocolates and McVitie’s biscuits, will sell its marinas to focus on its core food and retail businesses.</p>


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<p>Azerbaijan Airlines suspended flights to two cities in southern Russia after a passenger plane heading in that direction was diverted across the Caspian Sea and crashed near the city of Aktau in Kazakhstan, killing dozens.</p>


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<p>Oil steadied after an advance on Tuesday, with China’s stimulus measures and the outlook for US stockpiles in focus.</p>


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<p>Fourteen members of the Syrian police were killed in an "ambush" by forces loyal to the ousted government in the Tartous countryside, the transitional administration said early on Thursday, as demonstrations and an overnight curfew elsewhere marked the most widespread unrest since Bashar al-Assad's removal more than two weeks ago.</p>


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<p>Asia’s benchmark stock index rose as equities gained in Japan and South Korea, while several other regional markets remain shut for holidays. Sentiment was boosted after US shares extended this year’s rally on Tuesday.</p>


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<p>Japan Airlines (JAL) said on Thursday it was hit by a cyberattack that caused delays to some domestic and international flights.</p>


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<p>No Malaysians were involved in the tragic crash of Azerbaijan Airlines Flight J2-8243, an Embraer 190 aircraft, near Aktau International Airport, Kazakhstan, earlier on Wednesday.</p>


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<p>The South Korean won hit the weakest level since March 2009 in holiday-thinned trading amid the US dollar's continued rally. South Korean stocks fell, while the benchmark bond yield rose.</p>


<p>Japan’s retail and tourism-related shares gained after the government agreed with China to introduce more measures to promote travel between the two countries.</p>


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<p>Honda Motor Co&nbsp;absorbing Nissan Motor Co could give the two struggling Japanese brands the scale they need to take on China’s BYD Co, sales figures released on Wednesday showed.</p>


<p>China’s first polysilicon futures debuted on Thursday, as a new hedging tool for a market that has been struggling with massive price volatility.</p>


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<p>Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.</p>


Russia is using bitcoin in foreign trade, finance minister says

<p>The Department of Irrigation and Drainage (DID) has forecast potential flooding in nine districts in Kelantan over three days from Sunday (Dec 29).</p>


<p>Tune Protect Group Bhd (KL:TUNEPRO), which mainly provides travel insurance, is expected to end 2024 with a small profit following a recent turnaround before a jump in 2025, said TA Securities.</p>


<p>Lawmakers in Bosnia's Serb Republic regional parliament ordered Serb representatives in state institutions on Wednesday to block decision-making and law changes needed for the Balkan country's integration into the European Union.</p>


Bosnia's Serb lawmakers halt EU accession efforts

<p>China's commerce ministry said on Wednesday it would extend its anti-dumping investigation into brandy originating from the European Union by three months, less than the full extension allowed under its previous guidance.</p>


China extends EU brandy anti-dumping investigation by three months

<p>China is allowing local officials to invest in more areas with a key government bond while also simplifying its approval process in a bid to make better use of an important source of public funding to drive the economy.</p>


China seeks to spur growth by giving local officials bond leeway

<p>The Japanese government is expected to approve a record initial budget Friday for the next fiscal year that will ramp up spending on defence and support for regional economies.</p>


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<p>Russia is ready to continue gas exports to Europe through several routes just as a contract to transit the fuel via Ukraine is expected to end this year, Deputy Prime Minister Alexander Novak said.</p>
