The financial adviser on Friday ( Dec. 20 ) determined that a consortium of the country’s sovereign wealth fund and BlackRock’s Global Infrastructure Partners ‘ takeover bid for Malaysia Airports Holdings was financially viable for shareholders. “HLIB is of the view that the offer is’ not fair’ but ‘ reasonableContinue Reading
Nissan and Japanese automaker Honda will officially begin discussions on a acquisition to increase their standing in the field of electric vehicles, where Chinese brands are vying for supremacy. At the same time, Chinese technology behemoth Foxconn has approached France’s Renault to get its huge interest in Nissan, according toContinue Reading
BANGKOK: Thailand’s cabinet on Wednesday ( Dec 11 ) approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said. The steps will help wholesale lenders and smaller companies, she told a media event. Finance Minister Pichai Chunhavajira informed investigatorsContinue Reading
The World Bank announced on Tuesday ( Dec. 10 ) that the Philippine economy is expected to grow more slowly than initially anticipated this year after the country was hit by a number of typhoons. However, it should be stronger in 2025 and 2026, according to the World Bank. GrossContinue Reading
Liquidators of property developer China Evergrande on Thursday (Nov 28) presented a winding-up petition against unit Tianji Holding, a guarantor for certain offshore senior notes issued by Scenery Journey which is also a member of the group. “The Liquidators consider the winding-up petition against Tianji Holding to be in theContinue Reading
Liquidators of property developer China Evergrande on Thursday (Nov 28) presented a winding-up petition against unit Tianji Holding, a guarantor for certain offshore senior notes issued by Scenery Journey which is also a member of the group. “The Liquidators consider the winding-up petition against Tianji Holding to be in theContinue Reading
“SIGNIFICANT Ramifications” The team said the action had led to” major repercussions”, including “international project delays, financial marketplace impact and rapid examination from corporate partners, owners and the public”. That included Kenya, where President William Ruto announced that the Adani Group may no longer be involved in plans to expandContinue Reading
In order to conceal corruption from shareholders and creditors, Gautam Adani, his brother Nagar Adani, and past Adani Green Energy CEO Vneet Jaain, according to prosecutors, raised more than US$ 3 billion in loans and bonds. Adani Group stated on Thursday that it would request” all possible legal recourse” againstContinue Reading
In response to concerns that US President-elect Donald Trump’s policies could boost the dollar’s strength, Bank Indonesia will leave interest rates unchanged on Wednesday ( Nov 20 ). The central bank can concentrate on the rupiah, which has decreased by nearly 5 % from its peak in September, while inflationContinue Reading
Observers expressed concern about Trump’s proposed taxes, which he claimed would have a special focus on China, causing speculation about a new trade war between the economic powers. Beijing may have been interested in this, according to Pepperstone Group’s head of research, Chris Weston. Some people believe that China mayContinue Reading