Asia M&A and investment review
Bank Indonesia launches domestic retail credit card network to cut reliance on Visa, Mastercard
Seeking to enhance the country’s financial infrastructure and lower transaction overheads across domestic commercial networks, Indonesia's central bank has launched its national retail credit card framework.
Singapore banks offset interest margin squeeze with record wealth management fee growth
Singapore’s domestic lenders are insulating overall earnings from global interest rate cuts by expanding their regional wealth management franchises.
India’s green energy InvITs boom is waiting to happen
The Indian renewable energy sector offers significant opportunities for Infrastructure Investment Trusts (InvITs) to deepen capital mobilisation in the space despite the limited existence of InvITs at present, according to a recent report.
Singapore’s reserve managers GIC, Temasek, MAS deliver long-term returns
The trio's investment returns directly fund national public services via the Net Investment Returns Contribution, which remains the single-largest source of Singapore government revenue.
Mega Chinese IPO threatens South Korea chip dominance
A major Chinese IPO in flash memory manufacturing has disrupted the global data storage market, challenging established East Asian tech giants.
Indonesia breaks ground on $21bn Abadi Masela LNG megaproject
Unlocking one of the largest offshore gas reserves in the Asia-Pacific region, Indonesia has launched an upstream megaproject of the Abadi Masela LNG Block National Strategic Project.
Poland's Żabka soars on report of Seven & i Holdings bid
Seven & i is reportedly considering acquiring a double-digit stake in Żabka, with the value of the investment estimated at several hundred billion yen.
Nigeria opens Chinese-built $250mn lithium plant, targets leading role in battery supply chain
Nigeria's $250mn launch of a lithium-processing plant comes as as UNCTAD forecasts global demand will rise by 353% between 2024 and 2040, driven by electric vehicles, battery storage and clean energy tech.
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Indonesia offers 10,000-tonne premium rice export to Singapore
The total of Bulog reserve stock that's currently held in reserves is 5.1mn tonnes. The standard state warehouses can only accommodate up to 3mn tonnes.
From Sapura to Vantris, Malaysia's biggest corporate rescue
Because of the firm's scale, an uncontrolled insolvency was never an option for Malaysian regulators, as the company was too embedded in the domestic O&G ecosystem, supporting over 59,000 jobs in the nation's energy sector.
Malaysia secures 20-year Russian energy deal
The deal was secured through direct, closed-door bilateral negotiations with Russian President Vladimir Putin on the sidelines of the 35th Anniversary ASEAN–Russia Commemorative Summit.
Nvidia becomes the AI engine behind South Korea's industrial push
South Korean industrial conglomerates are expanding their partnerships with US chipmaker Nvidia to embed artificial intelligence across advanced pharmaceuticals, manufacturing, and robotics.
Strategists project Singapore dollar to surge to SGD1.26 against US dollar
While Western central banks rely on adjusting benchmark interest rates to cool down hot domestic economies, the Monetary Authority of Singapore utilises the nominal effective exchange rate as its primary policy tool.
Bank Indonesia rate projected to hold at 5.5%
Over a brief three-week window, BI abandoned its traditional, highly predictable monthly schedule to unleash a dual-stage interest rate surge.
Malaysia's ringgit under pressure as Fed outlook, Middle East diplomacy unsettle markets
This local depreciation is not an isolated event, as the Malaysian currency has traded lower against a comprehensive basket of major global and regional peers.
China issues $50bn warning to Indonesia, slamming nickel production cuts
China has issued a multi-billion-dollar warning to the Indonesian government amidst the economic escalation across the global electric vehicle supply chain
Indonesian rupiah back under the IDR18,000 per dollar threshold
After collapsing to its weakest historical evaluation of IDR18,190 per US dollar on the morning of June 8, a powerful wave of institutional dollar-selling triggered a massive short squeeze on speculative positions.
Singapore’s nuclear question
Singapore has been looking long and hard into energy sources the island can still explore.
Indonesian navy seizes trillions in rare earth cargo off Batam
Following the seizure, military and energy ministry scientists launched an emergency chemical audit of the seized containers.
India’s data centre ecosystem expands beyond Mumbai
In the recent past India’s data centre industry has begun to look beyond Mumbai into cities like Hyderabad, Chennai, Delhi NCR, Pune and Bengaluru.