Asia M&A and investment review
Malaysia seeks BRICS membership
Malaysia is aiming to become the latest member of the BRICS bloc, which was originally formed by Brazil, Russia, India, China, and South Africa
Kazakhstan’s big league fintech Kaspi acquires 65% of Turkish Nasdaq peer Hepsiburada for $1.1bn
E-commerce platform’s share price jumps 40% as news of its new owner breaks.
Sri Lanka to apply for BRICS membership
Sri Lanka has decided to apply for the membership of the BRICS and the New Development Bank, the country’s Foreign Minister Vijitha Herath said on October 14
Google's new data centre in Malaysia sets sustainability benchmark
Google’s upcoming data centre in Malaysia is poised to become a model for energy and water efficiency, aligning with the country’s circular economy goals
ThaiBev sets THB18bn for expansion, targets Southeast Asia growth
Thai Beverage (ThaiBev), the Singapore-listed food and beverage company, announced plans to allocate THB18bn this fiscal year for both domestic and international expansion
US government commits to supporting Indonesia's digital economy growth
The United States has expressed a strong commitment to assisting Indonesia in advancing its digitization efforts
Rising gold ETF inflows set to drive global bullion prices
Inflows into gold exchange-traded funds (ETFs), particularly from Western investors, are expected to increase in the coming months, adding more upward momentum to already record-high bullion prices, analysts have said
Indian stocks hit another record high as auto and banking sectors fuel gains
India's stock markets extended their rally, with the S&P BSE Sensex and NSE Nifty 50 reaching all-time highs for the sixth consecutive session
IREDA, Punjab National Bank to strengthen their partnership in renewable energy financing
Indian Renewable Energy Development Agency Limited and Punjab National Bank are seeking to strengthen their partnership in renewable energy financing, IREDA announced on September 24.
Strengthening clean energy cooperation between US, India
The United States and India plan to strengthen bilateral technical, financial, and policy support to expand their clean energy manufacturing capacity, the two countries said in a joint statement issued on September 22.
India set to become world's third largest economy by 2030-31
India is on course to become the third-largest global economy by 2030–31. The forecast is based on an expected annual growth rate of 6.7%, which would also see India transition into the upper-middle-income category.
India's NTPC Green Energy files for $1.2bn IPO
NTPC Green Energy Limited, a subsidiary of India’s state-owned power company NTPC Limited, has submitted a draft red herring prospectus for its planned INR100bn ($1.2bn) initial public offering.
India moves past China to become largest emerging market in MSCI index
India has overtaken China to become the largest emerging market in the MSCI All Country World Investable Market Index, marking a significant shift in the global investment landscape
Sinar Mas and Korean firm partner to develop $300mn data centre
SMPlus Digital Investama, controlled by Indonesia's Widjaja family and partnered with Korea Investment Real Asset Management, is set to develop a $300mn data centre in Jakarta's business district, supported by tycoon Kim Nam-goo
Indian equity indices rise on global cues as foreign funds boost markets
Indian stock markets rallied on September 10 2024, driven by positive global trends and fresh inflows of foreign capital.
Labour unrest shuts down 100 factories in Bangladesh
Around 100 ready-made garment (RMG) factories in Bangladesh’s Ashulia and Gazipur industrial zones have been shut due to ongoing labour unrest
Ukrainian restaurants flourish in Japan amidst prolonged displacement
As the conflict in Ukraine extends into its third year, Ukrainian evacuees in Japan are finding new avenues for economic stability and cultural exchange through a growing number of Ukrainian restaurants
Sri Lanka's LTL Holdings targets African power sector
Sri Lanka’s LTL Holdings is expanding its footprint into Africa's power generation sector, with plans to explore independent power producer opportunities.
Malaysian ringgit set to strengthen against US dollar on strong demand and economic indicators
The ringgit is anticipated to appreciate against the US dollar in the coming week, driven by sustained demand for Malaysia's currency
Singapore-based Aslan Energy Capital and PT Calypte Sugi Power partner to develop solar power hub in Indonesia
Aslan Energy Capital, based in Singapore, and Indonesia's PT Calypte Sugi Power have signed an MoU to collaborate on developing a power generation hub on Sugi Island in Indonesia's Riau Islands Province