FinanceAsia Achievement Awards 2024: Apac’s best deals revealed | FinanceAsia

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In: Asia, Finance, South-East Asia

Excellence in Asia’s financial markets is recognized annually with our Success Awards. Our Achievement Awards, which span two crucial categories– Package Awards and House Awards– emphasize the achievements of key players in the Asia-Pacific and Middle East who have demonstrated dedication to their industry.

We’re pleased to announce that the judging process for this year’s awards has now come to an end after receiving almost 1, 000 submissions from our Advisory Board of external specialists and the help of our editorial staff.

Please consider below a list of this week’s victors of the&nbsp, Deal Awards- Apac&nbsp, type.

The logic behind success collection will get published in our upcoming&nbsp, FinanceAsia reports. It is not a comprehensive list because we have listed the participants who participated based on research and awards entries. Please call the&nbsp, FinanceAsia group if you have any concerns. &nbsp,

North Asia = Japan, South Korea, Taiwan&nbsp,

South Asia = India, Pakistan, Bangladesh, Sri Lanka

Southeast Asia = Indonesia, Malaysia, Philippines, Thailand, Vietnam

 

&gt, BEST BOND DEALS &lt,

AUSTRALIA / NEW ZEALAND

CSL Financial’s$ 1.25 billion dual-tranche 144A/Reg S top giving

Members: Citi, Bank of America, JP Morgan, HSBC

Highly commended: AOFM’s invitational$ 7 billion efficient government bond

Members: &nbsp, Commonwealth Bank of Australia, Deutsche Bank, National Australia Bank, UBS, Australia Branch, Westpac Banking Corporation

Chinese- Abroad

3-year, responsible dim-sum bond issued by Jingzhou Municipal Urban Development Holding Group

Members: &nbsp, Bank of China, Caitong International, Industrial Securities, CSC Financial, CITIC Securities, CMB Wing Lung Bank, CMBC Capital, CNCB Investment, Guolian Securities, Guoyuan International, Haitong International, ICBC International, Shanghai Pudong Development Bank, Shenwan Hongyuan Securities, SPDB International, TF worldwide, CICC

Chinese- Inland

National Bank of Canada’s Rmb5 billion 2-year tiger relationship release

Members: Standard Chartered, Deutsche Bank, DBS, CITIC Securities, CMB Securities

Highly commended: China Baowu Steel Group’s Rmb10 billion business relationship release

Members: CITIC Securities, Guotai Junan Securities, Shenwan Hongyuan Securities, CICC

&nbsp, HONG KONG Radar / APAC

HKSAR’s USD&amp, EUR&amp, CNH multi-currency natural tie giving

Members: Crédit Agricole, HSBC, Citi, JP Morgan, BNP Paribas, BofA, Morgan Stanley, UBS, Mizuho, Bank of China Hong Kong, ICBC Asia, Bank of Communications, Standard Chartered

Highly commended: ILBS 2 by Bauhinia

Members: Hong Kong Mortgage Corporation, CICC, ING Bank, MUFG, Natixis, Standard Chartered

NORTH ASIA

LG Electronic’s$ 500 million 144A/Reg S 3-year and$ 300 million 5-year two round

Members: BNP Paribas, Citi, HSBC, JP Morgan, Korea Development Bank, Standard Chartered

SINGAPORE

Exams ‘$ 500 million unprotected fixed rate documents due 2029

Members: DBS, BNP Paribas, MUFG, OCBC, HSBC

Highly commended: Yinson Production’s$ 500 million older secured 5-year relationship release

Members: Standard Chartered, Holman Fenwick Willan, Stephenson Harwood, collaboration of 13 loans

SOUTH ASIA

Kashf’s PKR2.5 billion female connection release

Members: Infra Zamin Pakistan, Arif Habib, Pakistan Credit Rating Agency, Vellani &amp, Vellani, Pak Brunei Investment Company, Bank Alfalah, Bank of Pubjab, Standard Chartered Pakistan

SOUTHEAST ASIA

SOUTHEAST ASIA/ PHILIPPINES

Maynilad Water Services PHP15 billion orange ties

Members: BPI Capital, BDO Capital &amp, Investment, First Metro Investment, East West Banking

&nbsp, MALAYSIA / HIGHLY COMMENDED ( SOUTHEAST ASIA)

Asean Green moderate term papers under RM500 million Exio Logistics clean centers

Members: Hong Leong Investment Bank

HIGHLY RECOMMENDED ( SOUTHEAST ASIA) THAILAND

Minor International’s THB billion securities via private location

Members: Standard Chartered, Bangkok Bank, Bank of Ayudhya Public Company, Kasikornbank, Krungthai Bank, Kiatnakin Phatra Securities, The Siam Commercial Bank

INDONESIA

Republic of Indonesia$ 2.05 billion international bond giving

Participants: ANZ, BofA Securities, Deutsche Bank ( Singapore ), Morgan Stanley, UBS ( Singapore ), BRI Danereksa Sekuritas, Trimegah Sekuritas Indonesia, Mayer Brown

VIETNAM

Hai An Transport and Stevedoring JSC’s VND500 billion foldable relationship

Members: SSI Securities

 

&gt, BEST EQUITY DEALS &lt,

AUSTRALIA / NEW ZEALAND

A$ 1.435 billion block trade in Worley

Members: Citi, Goldman Sachs, Allens

Highly commended: Treasury Wine Estate’s A$ 825 million Paitreo to support get DAOU Vineyards

Members: UBS, Macquarie Capital

Chinese- Abroad / APAC

Alibaba’s$ 5 billion convertible bond &nbsp,$ 1.2 billion parallel stock purchase

Members: Citi, JP Morgan, Morgan Stanley, Barclays, HSBC

Highly commended: &nbsp, Lotus Tech’s company mixture with L Catterton, people listing in the US through a De-SPAC design, approximately$ 880 million of personal investment in public equity funding and convertible information

Members: Han Kun Law, Skadden, Kirkland &amp, Ellis, Fangda Partners&nbsp,

Chinese- Inland 

Sinopec’s A-share personal position

Members: CICC, Guangfa Securities, CITIC Securities

HONG KONG Radar

Zhejiang Expressway’s HK$ 6.7 billion &nbsp, right issue

Members: BNP Paribas, DBS, CLSA, CICC, Zheshang International

Alibaba’s$ 5 billion convertible bond $ 1.2 billion parallel share buyback

 

Members: Citi, JP Morgan, Morgan Stanley, Barclays, HSBC

SINGAPORE

Personal position and preferred giving for CapitaLand Integrated Commercial REIT for S$ 1.1 billion

Members: United Overseas Bank, JP Morgan, Venture Law, Allen &amp, Gledhill

Highly commended: Reverse&nbsp, takover of 3Cnergy by DTP Inter Holdings Corporation for a consideration of approximately S$ 443.8 million &nbsp,

Members: PrimePartners Corporation Finance, Allen &amp, Gledhill LLP

SOUTH ASIA

JSW Energy’s$ 600 million qualified administrative position

Members: Jefferies India, Khaitan &amp, Co, Shardul Amarchand Mangaldas &amp, Co

Highly commended: &nbsp, Vodafone Idea’s$ 2.15 billion follow-on open offering of capital stock

Members: Axis Capital, Jefferies, SBI Capital, Sidley Austin, Cyril Amarchand Mangaldas &amp, Co, AZB &amp, Lovers

SOUTHEAST ASIA

Bursa Malaysia Offering for Johor Plantations Group

Members: RHB Investment Bank, AmInvestment Bank, CIMB Investment Bank, CLSA Singapore, CLSA Securities Malaysia, Affin Hwang Investment Bank

Highly commended: &nbsp, San Miguel Corporation’s PHP34 billion preferred shares&nbsp,

Members: &nbsp, SB Capital, Bank of Commerce, BDO Capital &amp, Investment, China Bank Capital, Asia United Bank, Bank of Commerce, BPI Capital, Land Bank of the Philippines, PNB Capital and Investment, RCBC Capital, Union Bank of the Philippines

 

&gt, BEST INFRASTRUCTURE DEALS &lt,

AUSTRALIA / NEW ZEALAND

Blackstone’s merger of Airtrunk

Members: Deutsche Bank, Morgan Stanley, RCBC Capital Markets, Macquarie Capital, Goldman Sachs

Highly commended: Contact Energy’s suggested merger of Manawa Energy

Members: UBS New Zealand, Cameron Partners/Rothschild &amp, Co, Lazard Australia, Bell Gully, Harmos Horton Lusk

Chinese- Inland

CAMC-China Resources TBEA Renewable Energy’s Closed-end Infrastructure Securities Investment Fund

Members: CITIC Securities, China Asset Management, Agricultural Bank of China, Zhong Lun Law Firm

HONG KONG Radar

ILBS 2 by Bauhinia

Members: CICC, ING Bank, MUFG, Natixis, Standard Chartered

SINGAPORE / APAC

Yinson Boronia Movie’s annual project relationship with a$ 1.035 billion Top Secured Notes expected 2042

Members: Santander, Citi, Norton Rose Fulrbright, Cescon Barrieu

Highly commended: Stonepeak’s very structured preferred corporate investment into AGP Sustainable Real Assets

Members: Sidley Austin, Clifford Chance, King &amp, Wood Mallesons, Shardul Amarchand Mangaldas &amp, Co, NautaDutilh, Burness Paull, WongPartnership, Setterwalls Advokatbyra&nbsp,

SOUTH ASIA

AdaniConneX’s$ 1.44 billion Sustainability-Linked Project Finance for an under-construction information centre investment in India

Members: ING Bank, Intesa Sanpaolo, KfW IPEX, MUFG, Natixis, Standard Chartered, Societe Generale, SMBC

SOUTHEAST ASIA

SOUTHEAST ASIA/ INDONESIA

ADIA and APG’s acquisition of a 53.5 % stake in Rafflesia Investasi&nbsp,

Members: Rothschild &amp, Co

&nbsp, PHILIPPINES / HIGHLY COMMENDED ( SOUTHEAST ASIA)

New NAIA Infrastructure Corporation’s PHP80 billion syndicated name loan service

Participants: Bank of Commerce, BDO Capital &amp, Investment, Asia United Bank, China Bank Capital, SB Capital Investment, BDO Unibank, China Banking, Development Bank of the Philippines, Security Bank

MALAYSIA

Worldwide Holdings ‘ RM999 million syndicated clean leasing facility

Members: Maybank Investment Bank

VIETNAM

Petrovietnam Power’s XNhon Trach 3&amp, 4 Energy Flower

Members: Citi, ING

 

&gt, BEST Offering &lt,

Chinese- Abroad

J&amp, T Express ‘$ 500 million identifying on HKEX

Participants: CICC, Morgan Stanley, Bank of America Securities, UBS AG ( HK), CCB International Capital, CMB International Capital, Huatai Financial, BOCI Asia, ABCI Capital

Chinese- Inland 

Grandtop Yongxing’s Rmb2.43 billion Offering

Members: CITIC Securities, Guotai Junan Securities

HONG KONG Radar /APAC

Super Hi’s double list on Nasdaq

Members: Kirkland &amp, Ellis, Skadden, Arendt, Loyens, Freshfields, Linklaters and Fried Frank, White &amp, Event

Highly commended: &nbsp, QuantumPharm’s identifying on HKEX

Members: CLSA, CITIC Securities, CICC, Jefferies, Deutsche Bank, CMB International, Sidley Austin, Fangda Partners, Herbert Smith Freehills, JunHe, PwC

NORTH ASIA

Kokusai Electric ‘s&nbsp, ¥124.5 billion ($ 831.7 million ) &nbsp, listing on Tokyo Stock Exchange

Participants: KKR ( GP), Mitsubishi UFJ Securities

SOUTH ASIA

NRB Bank’s BDT1 billion naming in Bangladesh

Members: UCB Investment, Shahjalal Equity Management

Highly commended: OLA Electronic’s list in India

Members: Kotak Mahindra Capital, Citi, BofA Securities, Goldman Sachs, Axis Capital, ICICI Securities, SBI Capital Markets, BOB Capital Markets

SOUTHEAST ASIA

Speed Mart Retail Holdings RM13.9 billion Investor on Bursa Malaysia

Members: CIMB, Affin Hwang Investment Bank, RHB Investment Bank, Lee Choon Wan &amp, Co

Highlgy commended: Johor Plantations Group’s RM735 million Offering on Bursa Malaysia

Members: RHB Investment Bank, Latham &amp, Watkins, AmInvestment Bank, CIMBC Investment Bank, CLSA Singapore, CLSA Securities Malaysia, Affin Hwang Investment Bank

 

&gt, BEST ISLAMIC FINANCE DEALS &lt,

SINGAPORE

Wealthy Pink’s S$ 2.7 billion normal expression product and Muslim Murabahah features

Members: DBS Bank, Malayan Banking Singapore branch, Sumitomo Mitsui Banking Corporation Singapore branch, United Overseas Bank ( UOB), Allen &amp, Gledhill

SOUTH ASIA

Islamic Bank Bangladesh ‘s&nbsp, BDT8 billion Mudaraba convertible, non-convertible, unsecured subordinated bond

Members: UCB Investment

SOUTHEAST ASIA

SOUTHEAST ASIA/ APAC / INDONESIA

Republic of Indonesia’s$ 2.35 billion 144A sukuk offering

Members: MUFG, Citi, Dubai Islamic Bank, HSBC, Mandiri Securities, BRI Danareksa Sekurta, PR Trimegah Sekuritas Indonesia

Extremely RECOMMENDED ( SOUTHEAST ASIA)/ MALAYSIA

Gold Formula ABS’s sukuk, up to RM94.81 million in differenent tranches

Members: New Paradigm Securities, Silver Formula Capital, Public Investment Bank, Adnan Sundra &amp, Low

PHILIPPINES

Republic of Philippines ‘ Sukuk Trust’s$ 1 billion issuing

Members: Citi, Deutsche Bank, Dubai Islamic Bank, HSBC, MUFG, Standard Chartered

 

&gt, BEST M&amp, A DEALS &lt,

AUSTRALIA / NEW ZEALAND / APAC

Obayashi Corporation acquires 50 % of Eastland Generation for a$ 503 million implied business benefit.

Members: Forsyth Barr, Chapman Tripp

Highly commended: PSP Consortium’s A$ 2.5 billion merger of Costa Group

Members: Citi, JP Morgan, Allen &amp, Gledhill, Kirkland &amp, Ellis

Chinese- Abroad

Grifols ‘ Sale of 20 % stake in Shanghai RAAS to Haier for$ 1.8 billion

Members: Nomura Securties, CICC, Osborne Clarke, JunHe, Clifford Chance, King &amp, Wood Mallesons

Highly commended: &nbsp, Royal Golden Eagle’s CNH15 billion syndicated payment for the acquisition of Vinda International Holdings

Participants: Bank of China Macau, BNP Paribas, CICC, Linklaters

Chinese- Inland 

$ 8.3 billion sale of 60 % stake in Zhuhai Wanda to PAG-led consortium

Members: Deutsche Bank

Highly commended: &nbsp, NISCO merger by CITIC Pacific&nbsp,

Members: CITIC Securities

HONG KONG Radar

Asia Pacific Resources International’s HK$ 21.6 billion volunteer public present for Vinda International Holdings

Members: HSBC, Norton Rose Fulbright, Bank of America, BNP Paribas, CICC

Highly commended: &nbsp, HKT price of 40 % stake in its silent community resources to China Merchants Capital

Members: Deutsche Bank, Clifford Chance

NORTH ASIA

Renesas Electronics ‘ 100 % merger of Altium

Members: &nbsp, Deutsche Bank, JP Morgan, King &amp, Wood Mallesons, Reed Smith, DLA Piper, Covington &amp, Burling, Nagashima Ohno &amp, Tsunematsu&nbsp,

Highly commended: &nbsp, WT Microelectronics ‘$ 3.8 billion merger of Future Electronics&nbsp,

Members: &nbsp, Citi, Canaccord Genuity Corp., Skadden, Arps, Slate, Meagher &amp, Flom, Osler, Hoskin &amp, Harcourt, Tsar &amp, Tsai Law Firm, Mintz, Levin, Cohn, Ferris, Glocsky and Popeo, P. C.

SINGAPORE

Purchase of Eu Yan Sang to a consortium led by Mitsui & Co. and Rohto Pharmaceutical

Members: Deutsche Bank, UBS, Wong Partnership

SOUTH ASIA

MHIL’s consolidation of Sahara Hospital

Members: Standard Chartered

Highly commended: &nbsp, Acquisition by Saudi Aramco Oil Company of a 40 % stake in Gas and Oil Pakistan&nbsp,

Members: Standard Chartered

SOUTHEAST ASIA

SOUTHEAST ASIA/ THAILAND

Acquisition of 65.99 % shares in Esso ( Thailand ) Public Company by Bangchak Corporation Public Company

Members: Kiatnakin Phatra Securities, JP Morgan, DLA Piper

Highly commended: ThaiBev return from home business via promote transfer

Members: DBS, WongPartnership

INDONESIA 

&nbsp, Medco Energi Internasional’s$ 713 million acquisition of a 20 % interest in each of Block 60 and Block 48

Members: Standard Chartered

MALAYSIA 

Purchase of Ramsay Sime Darby Health CA by Columbia Asset Healthcate and Sime Darby Healthcare

Members: Deutsche Bank

PHILIPPINES 

Merger between Robinsons Bank and Bank of the Philippine Islands

Members: BPI Corporation

VIETNAM

Thomson Medical Group’s merger of FV Hospital

Members: Maybank Investment Bank

 

&gt, BEST PRIVATE EQUITY DEALS &lt,

AUSTRALIA / NEW ZEALAND / APAC

Blackstone’s merger of Airtrunk

 Members: Deutsche Bank, Morgan Stanley, RCBC Capital Markets, Macquarie Capital, Goldman Sachs

Chinese- Abroad

Carlyle on sales of curiosity in McDonald’s China to McDonald’s Company

Members: &nbsp, Kirkland &amp, Ellis, JunHe, Jones Day

Highly commended: &nbsp, Advent International’s acquisition of a 29 % interest in Seek Pet Food

Participants: Boyu Capital ( investor )

HONG KONG Radar

PAG’s$ 8.3 billion Joint Investment in Newland Commercial Management

Members: Simpson Thacher &amp, Bartlett, A&amp, O Shearman

NORTH ASIA

Carlyle Group’s merger of KFC Holdings Japan

Members: Kirkland &amp, Ellis, Nishimura &amp, Asahi, Linklaters, Mori Hamada &amp, Matsumoto, Nagashima Ohno &amp, Tsunematsu&nbsp,

Highly commended: &nbsp, Blackstone’s sales of Geo-Young to MBK lovers

Members: &nbsp, Deutsche Bank, Morgan Stanley, Goldman Sachs, Samsung Securities, K&amp, C Cleary Gottlieb, Steen &amp, Hamilton LLP, Ropes &amp, Gray

SOUTH ASIA

ani’s Ispahani’s acquisition of a small interest in Tampaco Sheets

Members: UCB Investment, Farooq & Associates

SOUTHEAST ASIA

Asia Pacific Education Holdings ‘ sale of the APIIT Education Group to TPG’s The Rise Funds ( stake sold by KV Asia Capital )

Members: Rahmat Lim &amp, Partners, &nbsp,

Highly commended: BlackRock’s Climate Finance Partnership’s funding in Ditrolic Energy

Members: Clifford Chance

 

&gt, BEST PROJECT FINANCE DEALS &lt,

AUSTRALIA / NEW ZEALAND

MREH’s A$ 400 million debt funding

Members: &nbsp, Société Générale, Westpac, Standard Chartered, Export Development Canada, White &amp, Case, Ashurst

Chinese- Inland 

CSPC’s$ 5.5 billion term loan and a$ 450 million working capital facility

Members: CNOOC Finance Corporation, Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, Zhong Lun Law Company

NORTH ASIA

&nbsp, ARE’s 20-year c. TWD8.25 billion job financing

Members: CTBC Bank, MUFG, E. SUN Bank, SMBC, Standard Chartered, KGI

SINGAPORE / APAC

BIC V investment size of approximately$ 508.3 million

Members: Citi, Standard Chartered, MUFG, Natixis, Overseas-Chinese Banking Corporation, &nbsp, Société Générale

SOUTH ASIA

Serentica’s venture funding of 200 MW RTC

Members: Société Générale, Cooperative Rabobank U. A., Export-Import Bank of India, India Infrastructure Finance Company, MUFG, YES Bank, KKR, Twinstar Overseas, Dentons, Luthra &amp, Luthra, Norton Rose Fulbright

SOUTHEAST ASIA

SOUTHEAST ASIA/ INDONESIA

Climmangis Citibung Tollways CDS hospital

Members: Indonesia Infrastructure Fund, BNI, &nbsp, Siahaan Indarmis, Andarumi &amp, Partners

Extremely RECOMMENDED ( SOUTHEAST ASIA)/ MALAYSIA

World Holdings ‘ spare to power project

Participants: Bank

HIGHLY RECOMMENDED ( SOUTHEAST ASIA ) PHILIPPINES

AltEnergy’s PHP8 billion top safe word product

Members: BPI Capital, Security Bank

VIETNAM 

Petrovietnam Power Company’s Nohn Trach 3&amp, 4 Energy Flower

Members: Citi, ING

 

&gt, BEST PROPERTY DEALS &lt,

AUSTRALIA / NEW ZEALAND

Blackstone’s merger of Airtrunk

Members: Deutsche Bank, Morgan Stanley, RCBC Capital Markets, Macquarie Capital, Goldman Sachs

Chinese- Abroad

Bain Capital’s$ 250 million cooperative venture with DNE for China New Economy Network

Participants ( legal advisors ): Kirkland &amp, Ellis, King &amp, Wood Mallesons&nbsp,

Chinese- Inland

Link REIT’s acquisition of China Vanke’s 50 % stake in Link Plaza Qibao

Participants ( legal advisors ): Zhong Lun Law Firm, Cushman &amp, Wakefield

HONG KONG Radar

HK$ 14.438 billion sustainability-linked syndicated term and revolving loan facilities for 16 borrowers, sponsored by Gateway Real Estate Fund V L. P., Gateway V Co-Investment ( Doris ), L. P. (” Gaw” ), Great Wall Pan Asia Holdings Limited (” Great Wall” ) and GLQ Broad Street Holdings Ltd

Members: ANZ, Standard Chartered, UOB

SINGAPORE

Supreme JV Holding Pte Ltd | Lendlease &amp, Warburg Pincus ‘ S$ 1.065 billion top secured term loan and lender ensure features

Members: DBS, HSBC, UOB

Highly commended: &nbsp, Digital Core REIT’s$ 120 million personal location

Members: DBS, Citi, Bank of America, BNP Paribas, OCBC, UOB

SOUTHEAST ASIA

 SOUTHEAST ASIA/ APAC / THAILAND

 ThaiBev’s exit from the property business via a share swap with its parent for majority ownership in F&N

Members: DBS

&nbsp, INDONESIA / HIGHLY COMMENDED ( SOUTHEAST ASIA )

PT Putragaya Wahana has a top secured alternative payment service worth IDR 3.7 trillion and a term loan facility.

Participants: UOB

MALAYSIA

ESIM Capital’s green SRI sukuk

Participants: New Paradigm, UOB ( Malaysia )

PHILIPPINES

Vista Land’s$ 300million 9.375 % senior unsecured fixed rate notes due 2029

Members: DBS, HSBC, Union Bank of the Philippines

 

&gt, BEST STRUCTURED FINANCE DEAL &lt,

Chinese- Abroad

The acquisition of Hollysys Automation Technologies Ltd. by Ascendent Capital Partners&nbsp,

Participants: Industrial Bank HK

Chinese- Inland 

CMB Financial Leasing Co., Ltd’s ( CMBFL ) Rmb1.6 billion Sustainable Development Loan&nbsp,

Participants: MUFG, SMBC, Fubon, Bank of China, Bank of Shanghai

Highly commended: &nbsp, Xinyue’s Rmb600 million Micro Business Loan ABN from Qifu Technology,

Participants: HSBC

HONG KONG Radar / APAC

ILBS 2 by Bauhinia

Members: CICC, ING Bank, MUFG, Natixis, Standard Chartered

Highly commended: The acquisition of Hollysys Automation Technologies Ltd. by Ascendent Capital Partners&nbsp,

Participants: Industrial Bank HK

NORTH ASIA

WT Microelectronics and Morrihan International Corp’s$ 3.8 billion Bridge Facility

Participants: Citi

Highly commended: &nbsp, Korean Airline’s$ 208 million-equivalent Samurai Sustainability-Linked Loan

Participants: MUFG, SMBC

SINGAPORE

CIS ‘ Senior Secured S$ 300 million Bridge S$ 280 million Take Out Term Loan Facility

Members: DBS, Deutsche Bank, UOB KayHian

Highly commended: &nbsp, The government of Singapore’s S$ 2.5 billion green bonds

Members: DBS, Deutsche Bank, UOB KayHian

SOUTH ASIA

Fund raise of Rs4.65 billion ($ 56 million ) for Aliens Developers Private Ltd&nbsp,

Participants: Azalea Capital Partners

SOUTHEAST ASIA&nbsp,

Ayala Land’s PHP6 billion Asean sustainability linked bond

Participants: BDO Capital, BPI Capital, China Bank Capital, Land Bank of the Phiippines, SB Capital, RCBC Capital )

Highly commended: &nbsp, Exsim Capital Resources ‘ tranche 5 Asean green SRI sukuk

Participants: New Paradigm

 

&gt, BEST SUSTAINABLE FINANCE DEALS &lt,

AUSTRALIA / NEW ZEALAND

Cromwell Property Group’s A$ 1.2 billion Green and Sustainability-Linked Loan&nbsp,

Participants: ANZ, Bank of China Sydney, Clean Energy Finance Corporation, CBA, Credit Agricole, ING Bank, NAB, Societe Generale

Highly commended: &nbsp, MCP Wholesale Investment Trust’s A$ 500 million Sustainability-Linked Revolving Credit Facility

Members: Standard Chartered

Chinese- Abroad

Bank of China’s CNH and USD multi-tranche BRI-partner sustainability notes

Participants: HSBC

Highly commended: &nbsp, China Construction Bank Financial Leasing’s$ 150 million Long Term Transition Shipping Finance

Members: Standard Chartered

HONG KONG Radar

West Kowloon Cultural District Authority’s HK$ 5 billion sustainability-linked term and revolving facilities

Members: Standard Chartered

NORTH ASIA

Posco’s$ 500 million 3-year Green 144A/Reg S senior unsecured bond

Participants: HSBC

Highly commended: Far Eastern New Century’s NTD2.5 billion Corporate Sustainable Exchangeable Bond

Participants: KGI Securities, SinoPac Bank, Oriental Securities

SINGAPORE

Impact Investment Exchange’s$ 88 million 4-year Women’s Livelihood Bond

Participants: ANZ, Standard Chartered

Highly commended: EJA’s$ 500 million Revolving Credit Facility

Members: Standard Chartered

SOUTH ASIA

AdaniConneX’s$ 875 million syndicated sustainability-linked loan

Members: ING Bank, Intesa Sanpaolo, KfW IPEX, MUFG, Natixis, Standard Chartered, Societe Generale, SMBC

Highly commended: Kashf’s PKR2.5 billion female connection release

Participants: &nbsp, Infra Zamin Pakistan, Arif Habib, Pakistan Credit Rating Agency, Vellani &amp, Vellani, Pak Brunei Investment Company, Bank Alfalah, Bank of Pubjab, Standard Chartered Pakistan

 SOUTHEAST ASIA/ APAC / MALAYSIA

Exism Capital Resources ‘ special purpose funding vehicle ( RM3 billion )

Participants: NewParadigm Securities, United Overseas Bank ( UOB ) Malaysia, Adnan Sundra &amp, Lo

HIGHLY RECOMMENDED ( SOUTHEAST ASIA ) PHILIPPINES

partnership between Rizal Commercial Banking and Citicore Renewable Energy Corporation ( CREC )

Participants: Rizal Commercial Banking

INDONESIA 

Republic of Indonesia$ 2 billion dual-tranche trust certificates

Participants: CIMB, Citigroup Global Markets, Dubai Islamic Bank, Mandiri Securities, Standard Chartered, White &amp, Case, Trimegah Sekuritas, BRI Danareksa Sekuritas, Thamrin &amp, Rekan

THAILAND 

Thai Union Group’s Thb11.5 billion sustainability-linked loan

Participants: MUFG

 

&gt, BEST SYNDICATED LOAN DEALS &lt,

AUSTRALIA / NEW ZEALAND

Orora’s acquisition of Saverglass SAS

Participants: AFRY Capital, Citi, Macquarie Capital

Highly commended: &nbsp, Viva Energy A$ 1 billion Term Loan Facilities

Members: DBS, ANZ, Mizuho, MUFG, NAB, UOB, WBC, plus consortium of 22 lenders

Chinese- Abroad

Royal Golden Eagle’s CNH15 billion syndicated loan for the acquisition of Vinda International Holdings

Participants: Bank of China Macau Branch, BNP Paribas, CICC, Linklaters

Highly commended: Kuaishou’s 3-year CNH9 billion syndicated term loan facility

Participants: China Merchants Bank, Pudong Development Bank, CITIC Bank, Industrial Bank, Ping An Bank, HSBC China, Minsheng Bank, Bank of Beijing, Hang Seng Bank, Bank of Faba-Pakistan China, Standard Chartered China, Jiangsu Bank

HONG KONG Radar

United Asia Finance’s HK$ 3.9 million syndicated term loan and revolving credit facility

Members: Standard Chartered, China Zheshang Bank, KGI Bank, Bank Singpac, Nanyang Commercial Bank

Highly commended: &nbsp, ICBCIL Finance Company Limited’s$ 1 billion term loan facility

Participants: Industrial and Commercial Bank of China ( Asia ), Agricultural Bank of China Hong Kong, OCBC, Ping An Bank, Nanyang Commercial Bank, China Guangfa Bank, Bank of Communications, China CITIC Bank, Dah Sing Bank, DBS Bank, The Norinchukin Bank, The Korea Development Bank, Bank of China Frankfurt Branch, Chiyu Banking Corporation, Tai Fung Bank, Bank of China Rotterdam Branch, Banque Internationale a Luxembourg

SINGAPORE

Seatrium’s S$ 1.1 billion committed syndicated bank guarantee facility

Participants: Simmons &amp, Simmons, Standard Chartered, &nbsp, DBS Bank, Shanghai Pudong Development Bank, Mizuho Bank, Emirates NBD Bank, First Abu Dhabi Bank, Malayan Banking Berhad, Clifford Capital

Highly commended: &nbsp, Aircastle’s$ 600 million syndicated revolving credit facility

Participants: Bank of China, Caixa, CBA, SMTB, CUB, Taishin, plus lending consortium of 15 banks

SOUTH ASIA

JSW Steel Limited’s$ 900 million syndicated term loan facility

Members: DBS, BNP Paribas, CTBC, FAB, HSBC, Mashreq, Standard Chartered, SMBC, Intesa Sanpaolo, APICORP, CBD, DZ, BOT, CHCB, TIB, TBB, FCB, SBI Shinsei, BOK, LBT, TW Shin Kong, Taichung Commercial, TCB, San-in-Good, Hyakugo Bank

Highly commended: &nbsp, Beacon Pharmaceutical’s BDT3.768.8 billion syndicated term loan facility

Members: UCB Investment, Eastern Bank, Janata Bank, United Commercial Bank, Bank Asia, Jamuna Bank, ONE Bank, Rupali Bank

SOUTHEAST ASIA

SOUTHEAST ASIA/ APAC / INDONESIA 

PT Mineral Industri Indonesia ( Persero )$ 1.5 billion senior unsecured term loan and revolving credit facilities

Members: DBS, Bank of China (Hong Kong), BNP Paribas, BNI, Citi, Maybank, Mizuho, MUFG, OCBC, SCB, SMBC, UOB

 HIGHLY RECOMMENDED ( SOUTHEAST ASIA) THAILAND

Syndicated financing of Thb7.6 billion for Italian-Thai Development Public Company

Participants: Weerawong C&P, Bangkok Bank, Kasikornbank, Siam Commercial Bank, Krung Thai Bank

 MALAYSIA 

LQ Retail and LQ Hotel have secured green term loans worth MR2 billion.

Participants: UOB&nbsp,

PHILIPPINES

San Miguel Corporation’s$ 2 billion five-year syndicated term loan facility

Participants ( according to sources cited by Bloomberg ): Standard Chartered, ANZ, Bank of China ( Hong Kong ), CTBC Bank, ING, Maybank Kim Eng Securities, Mitisubishi Financial Group, Mizuho Bank, Rabobank, Sumitomo Mitsui Banking&nbsp,

VIETNAM 

Techcom Securities ‘$ 175 million syndicated loan facility

Members: Standard Chartered, CTCB Bank, Taipei Fubon Commercial Bank, Taishin International Bank, KGI Bank

 

&gt, BEST VENTURE CAPITAL DEALS &lt,

SINGAPORE

YouTrip’s$ 50 million Series B fundraising

Participants: Lightspeed Ventures ( lead investor ), Allen &amp, Gledhill

SOUTHEAST ASIA/ APAC 

Fano Labs investment by Openspace Ventures

Participants: Openspace Ventures ( lead investor )

 

&gt, MOST INNOVATIVE DEALS &lt,

AUSTRALIA / NEW ZEALAND

&nbsp, Alcoa’s$ 3 billion acquisition of Alumina

Participants: BofA Securities, Flagstaff Partners, JP Morgan, UBS

Highly commended: &nbsp, CRH’s A$ 2.9 billion acquisition of Adbr

Participants: UBS, Macquarie, Barrenjoey, Morgan Stanley, Gilbert &amp, Tobin, HSF

Chinese- Abroad

The acquisition of Hollysys Automation Technologies Ltd. by Ascendent Capital Partners&nbsp,

Participant ( s ): Industrial Bank Hong Kong

Highly commended: Alibaba’s$ 5 billion convertible bond &nbsp,$ 1.2 billion parallel stock purchase

Members: Citi, JP Morgan, Morgan Stanley, Barclays, HSBC

Chinese- Inland

Nanjing Iron and Steel Group’s acquisition by CITIC Pacific&nbsp,

Members: CITIC Securities

Highly commended: State Grid Overseas Investment’s Rmb1 billion panda bond issuance

Members: CITIC Securities, ICBC, Bank of China

HONG KONG Radar / APAC

Privatisation of L’Occitane

Participants ( legal advisors ): Kirkland &amp, Ellis, Skadden, Arendt, Loyens, Freshfields, Linklaters and Fried Frank, White &amp, Case&nbsp,

Highly commended: Super Hi’s double list on Nasdaq

Participants ( legal advisors ): Kirkland &amp, Ellis, Skadden, Arendt, Loyens, Freshfields, Linklaters and Fried Frank, White &amp, Case

Highly commended: HKSAR Government’s$ 750 million equivalent digital green bonds

Participants: Bank of China Hong Kong, Credit Agricole CIB, Goldman Sachs, ICBC Asia, UBS, HSBC

NORTH ASIA

SK Bioscience’s acquisition of 60 % stake in IDT group

Participants: Deutshce Bank, Commerzbank, Norddeutsche Landesbank, Sullivan &amp, Cromwell&nbsp,

SINGAPORE

STT GDC’s issuance of S$ 450 million 5.70 % sustainability-linked perpetual securities

Members: Standard Chartered

SOUTH ASIA

Refinancing for East India’s LNG Regasification Terminal Project in Dhamra, Odisha

Members: Standard Chartered

Highly commended: Kashf’s PKR2.5 billion female connection release

Members: Infra Zamin Pakistan, Arif Habib, Pakistan Credit Rating Agency, Vellani &amp, Vellani, Pak Brunei Investment Company, Bank Alfalah, Bank of Pubjab, Standard Chartered Pakistan

SOUTHEAST ASIA

SOUTHEAST ASIA/ THAILAND

ThaiBev’s property exit and share swap

Members: DBS, WongPartnership

Highly recommended: the Filipino Aquino International Airport’s rehabilitation project, which offers PHP 80 billion syndicated term loans.

Participants: BDO Capital

HIGHLY RECOMMENDED ( SOUTHEAST ASIA ) PHILIPPINES

Ayala Land’s PHP6 billion sustainability-linked bonds

Participants: BDO Capital, BPI Capital, China Bank Capital, Land Bank of the Philippines, RCBC Capital, SB Capital Investment

INDONESIA

PT Charoen’s$ 200 million and IDR7.5 trillion senior revolving credit facilities&nbsp,

Participants: Citi, DBS, plus consortium of other banks

MALAYSIA

Bursa Malaysia Offering for Johor Plantations Group

Participants: CIMB, AM Investment Bank, Affin Hwang Investment Bank, CLSA Singapore, CLSA Securities Malaysia

 

¬ Haymarket Media Limited. All rights reserved.

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MediSun Energy raises US.75 mil seed round with Vynn Capital

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In: Technology
  • MENA development and advancement of ionic energy innovation are the goals of Ambassador.
  • Tech&nbsp, can become critical for industries&nbsp, that require creativity in power management

A Singapore-based company with a focus on advanced osmotic ( blue ) energy technology, MediSun Energy Pte Ltd, has successfully secured US$ 8.75 million ( RM$ 39.1 ) in funding and established a strategic partnership with Southeast Asian venture capital firm Vynn Capital Sdn Bhd. The funding consists of US$ 5 million ( RM22.34 million ) in venture debt and US$ 3.75 million in equity financing, bringing the company’s valuation to US$ 44 million.

]RM1 = US$ 0.224]

The parties stated in a joint statement that this was one of the major investments made by the Mobility and Supply Chain fund of Vynn Capital, which was supported by some institutional investors in Malaysia and other local limited partners.

The money round, led by Vynn Capital, attracted many new buyers, including MOAJ Holding, a leading Royal investment firm, Frank Phuan, TNB Aura, a Singapore-based venture capital firm participating through its Scout Initiative, and Ciri Ventures, a weather tech-focused venture capital firm. In addition, MOAJ Holding has also pledged to fund a native joint venture by putting up up to US$ 30 million into Medisun’s Saudi Arabia company.

The collaboration aims to strengthen MediSun’s research and development capabilities and expand its development into the MENA area. One facility will be set up for load generation, the other for load production, according to MediSun.

Dusun Kim, Founder &amp, CEO of MediSun, stated:” At MediSun, we are dedicated to making the world green and better. Our zero-brine technology not only produces fresh, clean energy, but also benefits from a more lasting future. We will be able to expand our businesses and introduce our creative alternatives to new markets thanks to our new collaboration with Vynn Capital. We are committed to utilizing this opportunity to advance our goal of addressing the most pressing economic issues.

Victor Chua, Founding &amp, Managing Partner of Vynn Capital, added:” MediSun’s options are essential in solving water supply chain and lack concerns while achieving net-zero coal goals by reducing energy consumption. Over the medium word, we believe such systems can also be critical for various industries, such as freedom and business sectors, that require creativity in energy management. This is especially important given the tale that Southeast Asia and Malaysia play a bigger part in the renewable energy sector.

In addition to supporting MediSun’s development, Vynn Capital is constantly exploring different options and companies in important areas such as Singapore, Thailand, and Indonesia. This agreement places both businesses at the forefront of innovation and sustainability in the region because Southeast Asia’s liquid systems market is anticipated to grow significantly.

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Govt gets tips to run economy

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In: South-East Asia

White papers urges transformation, investment

Deputy Prime Minister Anutin Charnvirakul, right, receives the white paper from Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade. (Screenshot)
Deputy Prime Minister Anutin Charnvirakul, correctly, receives the white papers from Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade. ( Screenshot )

In order to achieve a 3 % growth rate by the end of the year, the government is considering creating a white sheet with recommendations for how to revive the nation’s struggling business.

The 42nd regional conference organized by the Thai Chamber of Commerce and Thailand’s Board of Trade, which took place over the weekend in Chon Buri, was attended by Deputy Prime Minister Anutin Charnvirakul on Sunday, and the report includes suggestions made by individuals.

It is a real wishlist or grab-bag of suggestions ranging from measures to help small businesses with debt relief to flood relief, price controls for basic goods, regulatory controls for energy prices, and provincial assistance.

In his capacity as the head of the Thai Chamber of Commerce and Board of Trade, Sanan Angubolkul predicted that Thailand should be able to expand at a highest rate of 5 % once it has successfully restructured its economy, particularly by reducing the country’s household debt burden and improving revenue supply.

The proposals fall into three groups.

The government needs to promote consumer and investor confidence in its ability to control the market, both domestically and internationally, through policies designed to lower business operating costs and living costs.

He suggested that the government may regulate the prices of basic consumer goods and services that people frequently need, such as by limiting the price increases for diesel and electricity.

According to Mr. Sanan, the government should also take into account a request for a shared public-private power committee because it would have a better chance of controlling energy prices.

Private companies are urging Thailand’s government to deliver the budget evenly throughout the country to encourage economic activity outside of the capital and the largest cities, he said.

A new co-payment system, Mr Sanan said, may increase the buying power of customers in such places.

The government’s initiative to stimulate the economy in 10 extra counties should also be sped away and expanded, he said.

The bilateral committee on wages must be given the maximum daily wage adjustment, he said, to prevent further interference with the committee’s work.

According to Mr. Sanan, the next area of ideas is the need to increase SMEs ‘ ability to compete more competitively, mainly by lowering their debt load.

In this case, the state may develop procedures to increase income distribution.

He suggested that it should also reduce the impact of debts on SMEs by limiting mortgage payment and/or extending the time it takes for heavily indebted people and SMEs.

He added that government treatment to safeguard regional businesses from the effects of price dumping and the influx of inferior goods from other nations is also crucial to ensuring the survival of local businesses.

He added that “more investments are also encouraged in industries with a good potential to grow properly and use several people.”

He said there are new ways to encourage economic growth, as well as new ways to encourage more investments, in the next set of proposals.

” The government should bear in mind the need to keep up the momentum for growth in important business regions, particularly food, hospitality, health and wellness, transportation, and education-related companies”, he said.

In addition to these conventional sectors, the development of new S-curve businesses including AI-based, online, electric vehicle and clean energy industries, also needs a genuine push from the government, he said.

The government should not ignore the water management issues, he said, despite its efforts to encourage economic growth. Repeat floods and drought may halt development, he said.

The authorities should take into account the change in the world’s political situation as it adjusts to the world’s changing economic environment, according to the TCC chairman.

The looming trade war is preferable to a true war, he said, “even though Mr. Trump’s return may provide more uncertainty to the world economy and global trade.”

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‘Social revenge attacks’ raising concerns about deeper societal issues in China. What can be done?

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In: Asia

THE IMPORTANCE OF MENTAL HEALTH AWARENESS

A home crisis, a high level of public debt, and rising youth unemployment rates have all had a negative impact on both the country’s economy and emotional health. &nbsp,

Mental wellness remains a growing problem in the country – with reports of people feeling stressed, burnt out, anxious and depressed. In addition to the volatile market and post-pandemic treatment, experts have cited rising living costs, high poverty rates, and a lack of state support. &nbsp,

A slowing economy, uncertain future, and an unsteady international climate are putting a lot of strain on Chinese society, according to Mr. Bram, who also noted that it was difficult to apply this theory to a population as big as China. &nbsp,

The long tails of the COVID-19 epidemic and people trust caused by the government’s terrible shutdowns” contributed to a sense of desperation amongst several in society”, he added.

According to the Chinese Academy of Science’s” Blue Book of National Depression,” only 20 of every one million people in China had right access to mental health care, compared to 1, 000 Americans ( per million ) who benefited from those benefits and aid in the US.

Dr. Zhao and other authorities suggested more proactive strategies to raise awareness of mental illness and foster emotion. ” The part of social assistance systems is crucial”, he said. Their concerns may grow to the point where they become insurmountable when they are unable to deal with stress or resolve problems.

However, care and seeking help were still a significant social discrimination. &nbsp,

According to Dr. Jared Ng, a physician and the clinical director of Connections Mind Health, a doctor in Singapore that provides mental health services to a different audience, including Chinese students studying abroad,” shame frequently prevents individuals from seeking help, leading some people to suffer in silence or maintain their problems within the home.” &nbsp,

Minimal access to care is another issue, Dr Ng added. &nbsp,

He claimed that rural regions have fewer assets than urban centers, and that early detection and treatment were also crucial in preventing aggressive episodes. &nbsp,

According to Wikipedia,” Socio-economic stressors is drive people to their bursting point, and when combined with substances like drugs or alcohol, these pressures can turn into serious behaviors, including damage to oneself or another.”

According to other experts, psychological help alone cannot resolve the deep issues. &nbsp,

In this situation, would more psychological support be beneficial? Of course”, said Mr Bram. ” ( But ) would it have prevented these instances of social violence altogether? Possibly not, as the dynamics involved are both specific and complex” .&nbsp,

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‘The world is crazy’: Spate of mass casualty incidents in China reveal pent up grievances and anger

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On:
In: Asia

THE IMPORTANCE OF MENTAL HEALTH AWARENESS

A house crisis, a high level of public debt, and rising youth unemployment rates have all had a negative impact on both the country’s economy and emotional health. &nbsp,

Emotional health remains a growing problem in the country – with reports of people feeling stressed, burnt out, anxious and depressed. In addition to the volatile market and post-pandemic treatment, experts have cited rising living costs, high poverty rates, and a lack of state support. &nbsp,

A slowing economy, uncertain future, and an unsteady international climate are putting a lot of strain on Chinese society, according to Mr. Bram, who also noted that it was difficult to apply this theory to a population as big as China. &nbsp,

The long tails of the COVID-19 epidemic and people trust caused by the government’s severe shutdowns” contributed to a sense of desperation amongst several in society”, he added.

According to the Chinese Academy of Science’s” Blue Book of National Depression,” only 20 of every one million people in China had proper access to mental health care, compared to 1, 000 Americans ( per million ) who benefited from those benefits and aid in the US.

Dr. Zhao and other authorities suggested more proactive strategies to raise awareness of mental illness and foster emotion. ” The part of social support systems is crucial”, he said. Their concerns may grow to the point where they become insurmountable when they are unable to deal with stress or resolve problems.

However, care and seeking help were still a significant social stigma. &nbsp,

According to Dr. Jared Ng, a physician and the clinical director of Connections Mind Health, a doctor in Singapore that provides mental health services to a different audience, including Chinese students studying abroad,” shame frequently prevents individuals from seeking help, leading some people to suffer in silence or maintain their problems within the home.” &nbsp,

Minimal access to care is another issue, Dr Ng added. &nbsp,

He claimed that rural regions have fewer assets than urban centers, and that early detection and treatment were also crucial in preventing aggressive episodes. &nbsp,

According to Wikipedia,” Socio-economic stressors is drive people to their bursting point, and when combined with substances like drugs or alcohol, these pressures can turn into serious behaviors, including damage to oneself or another.”

According to other experts, psychological help alone cannot resolve the deep issues. &nbsp,

In this situation, would more psychological support be beneficial? Of course”, said Mr Bram. ” ( But ) would it have prevented these instances of social violence altogether? Possibly not, as the dynamics involved are both specific and complex” .&nbsp,

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Sri Lanka’s new leader sticks within IMF ‘guardrails’

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In: Asia

Ranil Wickremesinghe, Dissanayake’s president, secured the rescue, which includes the repayment of a US$ 2.9 billion mortgage over four decades. In his first handle to congress, after his National People’s Power group won a landslide at the Nov 14 vote, Dissanayake backed the IMF deal on Thursday, marking a U-turnContinue Reading

Cambodia’s flagship canal in hot water as China funding dries up

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In: Asia

China’s absence of clear determination could jeopardise the whole program, given uncertainty over the site’s costs, its economic effect and financial viability, experts, officials and diplomats say. In response to China’s domestic economy struggling, perhaps in nations like Cambodia, it also highlights how Beijing is significantly reducing its investments abroad.Continue Reading

Govt approves big BMA debt fufilment budget

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In: South-East Asia

PUBLISHED: 23 Nov 2024 at 06: 10

Bangkok governor Chadchart Sittipunt speaks to reporters after a meeting held on Friday by the Bangkok Metropolitan Council. (Photo: Bangkok Metropolitan Administration)
Following a meeting of the Bangkok Metropolitan Council on Friday, Bangkok Governor Chadchart Sittipunt addresses writers. ( Photo: Bangkok Metropolitan Administration )

The Bangkok Metropolitan Council ( BMC) has approved the Bangkok Metropolitan Administration’s ( BMA ) request for a 14.54-billion-baht budget for paying the debt owed to Bangkok Mass Transit System Plc ( BTSC), the operator of the BTS Skytrain.

Bangkok governor Chadchart Sittipunt presented a draft ordinance for an additional$ 14.54 billion baht budget allocation at a meeting held on Friday by the BMC.

According to a decision from the Supreme Administrative Court in July, the funds are intended to settle outstanding obligations related to the operation and maintenance of the BTS Green Line.

As of Nov 1, the BMA’s financial resources for the 2025 governmental month amounted to 81.43 billion baht, with unfettered money totalling 38.3 billion ringgit.

While this allocation will address a part of the city’s economic duty, BMC part Napapol Jirakul, representing Bangkok Noi area, pointed out that the BMA’s total liabilities are around 40 billion rmb, incurring everyday interest charges of 7 million baht.

He emphasized that paying off the interest on the loan may save more than 100 million baht, which could be diverted to other development tasks.

A 24-member ad-hoc committee was established to examine the law after the BMC unanimously approved Mr. Chadchart’s proposal by a majority vote of 37 users. To finalize the document, the committee has 45 days to explicit and a 10-day time for amendments.

Mr. Chadchart claimed that the Supreme Administrative Court has now decided to dismiss further appeals because it already had to do so.

But, requests for information on the results from the NACC were denied.

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Council approves big BMA debt fufilment budget

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In: South-East Asia

PUBLISHED: 23 Nov 2024 at 06: 10

Bangkok governor Chadchart Sittipunt speaks to reporters after a meeting held on Friday by the Bangkok Metropolitan Council. (Photo: Bangkok Metropolitan Administration)
Following a gathering of the Bangkok Metropolitan Council on Friday, Bangkok Governor Chadchart Sittipunt addresses writers. ( Photo: Bangkok Metropolitan Administration )

The Bangkok Metropolitan Council has approved the Bangkok Metropolitan Administration’s request for a 14.54 billion-baht budget to pay Bangkok’s BTS Skytrain’s operator, Bangkok Mass Transit System Plc ( BTS ).

Bangkok’s governor Chadchart Sittipunt presented a draft ordinance for an additional$ 14.54 billion baht budget allocation for the 2025 fiscal year at a council meeting on Friday.

According to a decision from the Supreme Administrative Court in July, the funds are intended to settle outstanding obligations related to the operation and maintenance of the BTS Green Line.

As of Nov 1, the BMA’s financial resources for the 2025 governmental month amounted to 81.43 billion baht, with unfettered cash totalling 38.3 billion ringgit.

While this allocation will address a part of the city’s economic duty, council Napapol Jirakul, representing Bangkok Noi area, pointed out that the BMA’s total liabilities are around 40 billion rmb, incurring daily interest charges of 7 million baht.

He emphasized that paying off the interest on the loan may save more than 100 million baht, which could be diverted to other development tasks.

A 24-member ad-hoc committee was set up to evaluate the law after the council unanimously approved Mr. Chadchart’s proposal by a majority of 37 members. To finalize the document, the committee has 45 days to explicit and a 10-day time for amendments.

The government claimed that the Supreme Administrative Court had already decided to dismiss more appeals because the NACC’s studies had already been taken into account in its discussion.

But, requests for information on the observations from the NACC were denied.

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Ex-DBS employee jailed for accessing customer data, passing details to moneylender and bookie

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In: South-East Asia

A former DBS contract worker was jailed on Friday ( Nov 22 ) for allegedly unauthorized access to the bank’s customer information.

On five events, Huang Pin Wen, 27, made an illegal lender or bookmakers request to do so. Other times, he did so to” show off” to others that he could get the information, the prosecutor said.

Huang faced 122 fees. He pleaded innocent to 13 crimes, with the remaining taken into consideration for punishment.

Huang’s employment opportunity covered the POSB Everyday credit cards. His responsibilities included checking if customers ‘ spending allowed them to receive subsidies and verifying when DBS buyers purchased the card.

To do this, he was issued a computer and granted entry to DBS ‘ customer relationship management structure, which held user data.

He was educated on the Personal Data Protection Act and the confidentiality of bank customer information, and he was aware of the limitations on accessing or disclosing consumer data for non-work-related purposes.

A buyer who provided screenshots of a conversation with an improper moneylender, Kenneth Tan, was the subject of a court hearing in February 2021.

In the talk dated Dec 7, 2020, Tan claimed it had cost S$ 450 to give a DBS personnel to perform a search on the consumer, who owed Tan income. Huang had allegedly accessed the company’s data that day, according to DBS.

DBS suspended Huang and started examinations, which revealed that Huang had accessed the information of 78 banks customers without power from Apr 7, 2020, to Feb 15, 2021.

When DBS questioned Huang about this, he denied any wrongdoing. In March of that year, the banks reported him to the authorities and fired him from his position.

According to Deputy Public Prosecutor Eunice Chew, Huang began illegally accessing client information on his computer when he began working from home at the” loop breaker” period of the COVID-19 pandemic.

He accessed his son’s friend’s data out of curiosity, and after boasting to his son’s companion that he could.

In order to perform a trick on a friend’s sister and mother, he even accessed their information.

Similar incidents, according to the prosecutor, were “less malignant” than the ones where Huang retrieved information from Tan and a bookmaker who had been a member of their illegal football team.

Through this common companion, Huang and Tan first connected with one another in the months of August and September of this year. At a meeting, Tan complained that he was unable to retrieve money from some consumers.

Huang informed Tan that he was employed by DBS and may assist in the investigation of owed income donors.

Tan contacted Huang via common friend on October 16, 2020, asking for assistance in obtaining a debtor’s tackle and bank account information.

Huang emailed their mutual friend who forwarded the photos to Tan after looking up their client profile on his cellphone.

Tan then gave the woman’s address to debt lovers, who went to the house to demand payment.

Within a month, Tan passed Huang S$ 100 to thank him for the details. For this, Huang was given a S$ 100 charges that he paid after his conviction on Friday.

Huang remained with Tan for three more times in this capacity. Additionally, he assisted their mutual friend, the unlawful bookmakers, in obtaining a bank customer’s account details.

With this knowledge, the bookmakers knew that the buyer had money in his bank accounts, and he asked people to demand payment.

Ms Chew, the counsel, sought a prison term of eight weeks and seven months to 10 weeks and two days for Huang.

She said Huang had abused his status as a DBS staff and was “extremely frequent” in his crimes, which were very difficult to detect.

Mumtaj Banu, the defense attorney, requested the prosecution’s most extreme statement possible.

She said Huang committed the crimes “out of folly” and to please people, and did not use the customer information for individual gain.

Additionally, Ms. Banu claimed that Huang only benefited from the$ 100 that would be exchanged for money.

In imprisonment, District Judge Ow Yong Tuck Leong said that Huang’s steps had damaged Singapore’s status as an internationally respected financial center.

Tan also admitted guilt in 2023 and was imprisoned for three months for gratifying Huang with$ 100.

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