KUALA LUMPUR: Malayan Banking Bhd (Maybank) has formulated its own Sustainable Product Framework (SPF) – the first ever by a Malaysian bank – to enable greater development of green, social and sustainable products. Read full storyContinue Reading
Alibaba Group Holding Ltd’s Lazada Group is preparing to make its maiden foray into Europe, building on its success in South-East Asia to take on rivals such as Amazon.com Inc and Zalando SE in one of the biggest online shopping markets. Read full storyContinue Reading
No impact on discussions on 5G Access Agreements which are progressing
Maxis, UMobile decision leads to speculation of future corporate exercise In a press release, Digital Nasional Bhd (DNB), the owner and operator of Malaysiaâs 5G network, assures that the execution of Share Subscription Agreements (SSAs) between Mobile Network Operators (MNOs) and…Continue Reading
SEOUL – A 10-year arbitration battle wrapped up on August 30 with the International Center for Settlement of Investment Disputes (ICSID) awarding American private equity finance fund Lone Superstar US$217 million in damages from the Southern Korean government.
The case has been sparked by what the particular Dallas-based fund alleged was Seoul’s refusal to permit the sale of a distressed asset it had obtained within a reasonable time period, robbing it of billions of dollars worth of profits. Lone Star opened proceedings at the ICSID in 2012.
However , this dry description does not do the investor-state dispute, which happened in the tumultuous wake of the 1997-8 Asian financial crisis, justice.
The extremely emotive struggle noticed unionists wielding machetes, secret cameras embedded in C suites, fund chairmen getting grilled in court and questions being asked behind closed doors in Washington’s corridors associated with power.
The particular post US private equity account wins Pyrrhic triumph over Seoul appeared initial on Asia Times .
BEIJING (Reuters) – TikTok owner ByteDance is launching a new stock option granting programme for its employees that according to two sources lowers its prices by 20% from the 2021 plan, as the Chinese company tries to retain talent amid slowing revenue growth. Read full storyContinue Reading
SEOUL: An international tribunal has ordered the particular South Korean govt to pay Lone Star Funds US$216. five million plus fascination with a long-running dispute over the US private equity finance firm’s sale of Korea Exchange Bank. The problems awarded by the Global Centre for Arrangement of Investment Differences, howeverContinue Reading
Tsai Yi-hsuan, who was born and grew up in Taiwan, remained outside Singapore without a valid exit permit for almost four years and eight months in total.Continue Reading
Laos people unprecedented financial problems, including US$14. 5 billion worth associated with public and publicly guaranteed debt — around half of that is owed to Cina. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest lender and political best friend, will not let Laos default. The size of […]
The publish China and taiwan won’ t Laos become a Belt and Road debt capture made an appearance first on Asia Moments .
TOKYO: Olympus Corp said on Monday (Aug 29) this had agreed to sell its microscope device to private equity company Bain Capital intended for 427. 6 billion yen (US$3. 1 billion), in what will be the Japanese company’s biggest divestment yet. The sale of the unit, which also makes industrialContinue Reading
Pickup associated with revenue, good performance from OpCos, prone to exceed Headline KPIsLooks to finalising 5G commercial details with DNB so clients will benefit Axiata Group Bhd documented strong operational efficiency for the first 1 / 2 of the year ended June 30, 2022 (1H22) reflecting the strong fundamentals of its…Continue Reading