India must atone for Bangladesh’s lost decade – Asia Times

In the annals of South Asia’s social background, India’s role in sustaining Sheikh Hasina’s government in Bangladesh stands as a striking training in the dangers of evaluating short-term corporate interests over long-term regional security.

India may deal with its guilt in preserving a program that had hampered a nation’s democratic aspirations as Bangladesh emerges from Hasina’s authoritarian rule.

The seeds of Bangladesh’s lost generation were first put in 2013 during a key visit by Sujata Singh, therefore India’s Foreign Secretary. Her visit included a meeting with General Hossain Mohammad Ershad to urge him to join in an election that all major opposition parties had abandoned only weeks before Bangladesh’s contentious general elections.

Bangladesh’s lost decade was initiated by this direct action to turn its brittle yet effective politics into fascism with American support.

It marked a pivotal moment for some Bangladeshis, highlighting the fact that India had chosen to support a routine rather than the people’s political aspirations.

In 2018 and again in 2024, much of the global society distanced itself from the Awami League’s controlled elections. However, India stood solid as Hasina’s only backer, providing her government with the worldwide legitimacy it sorely needed.

This unwavering support, combined with New Delhi’s silence on human rights abuses and political fraud, reinforced India’s picture as the innovator of a dictator. Without India’s approval, Hasina’s grip on power could not have endured.

Decade of oppression

India’s aid for Hasina was no moral. Throughout her career, essential agreements favored American interests, from transport routes to energy exports, usually at Bangladesh’s expense.

These offers were perceived by many as Hasina’s “return of favour” for India’s social support, reinforcing the storyline that she served American interests rather than her own individuals. Further eroded trust as a result of the fear that Hasina was turning Bangladesh into an Indian customer condition, similar to the death of Sikkim.

This view is key to Bangladesh’s federal consciousness. While Hasina’s state leaned heavily on India, regular Bangladeshis saw this marriage as manipulative. The Awami League’s law became associated with both local persecution and additional persecution.

Yet, India, remarkably, seems oblivious to the deep resentment this has fostered. Indian policymakers have historically seen their relationship with Bangladesh through the lens of Hasina, failing to meaningfully engage with the Bangladeshis.

India’s missteps were compounded by its media establishment, which played a significant role in distorting the narrative around Bangladesh’s political student-led revolution that ousted Hasina, as she shamefully fled to India by helicopter.

Rumor Scanner discovered that 49 Indian media outlets had spread 13 false stories about Bangladesh, many of which depicted the country’s democratic uprising as an Islamist insurgency.

One of the most glaring examples was Indian media’s coverage of the post-Hasina uprising. Newspapers like Firstpost and The Economic Times made illogical claims that China and Pakistan’s ISI intelligence agency orchestrated the protests to install an anti-India government.

Such propaganda did not only include opulent media outlets. Mamata Banerjee, the chief minister of West Bengal, joined the chorus and demanded an UN mission to help in Bangladesh. This action heightened tensions even further.

India framed the post-revolution backlash against the Awami League’s oppressive apparatus as targeted Hindu oppression, ignoring its roots in widespread political grievances.

India further alienated Bangladesh’s people by reducing the uprising to a communal narrative, presenting it as an attempt to shield a discredited regime under the pretext of protecting minorities.

The Agartala attacks and the communal framing of events in the Indian media have only heightened anti-India sentiment in Bangladesh.

Indeed, these narratives ignored the democratic essence of the uprising, portraying it instead as a threat to regional stability. By perpetuating such disinformation, Indian media and politicians alienated the Bangladeshi populace further.

Rebuilding trust

As Bangladesh transitions from Hasina’s authoritarianism, India faces a critical choice: continue the policies of the past or recalibrate its approach to reflect the aspirations of a democratic Bangladesh. In order to achieve this, New Delhi must fundamentally alter its engagement strategy.

    Engage without any plans to bring Sheikh Hasina back: India must give up its obsession with bringing the Awami League back to power. Any efforts to stifle Hasina’s return or sway domestic politics in Bangladesh will face opposition, which will unfavor bilateral ties irreparably. India should instead concentrate on interacting with Bangladesh’s new leaders and fostering relationships that promote reciprocity and democratic values.

  1. Recognize its contribution to the decade of oppression: Indian policymakers must acknowledge their contribution to enabling Hasina’s oppressive regime. This is a necessary step in the rebuilding of trust, not just an introspection exercise. By putting pressure on Hasina, India suffocated a country that had valiantly fought for the 1990s ‘ restoration of democracy. Without India’s active effort to make amends for its mistakes, this betrayal of democratic ideals will not be forgotten.
  2. Promote equity in partnerships: Bangladeshis widely perceive India’s deals with Hasina’s government as exploitative, benefiting India at Bangladesh’s expense. Moving forward, New Delhi must prioritize equitable agreements that serve both nations ‘ interests. This includes open negotiations on trade, energy, and transit that show a genuine partnership rather than power imbalance.
  3. Combat misinformation and fabricated stories: The Indian media needs to stop spreading false information about Bangladesh. Recognizing the democratic essence of Bangladesh’s struggles, rather than framing them as communal or Islamist threats, is crucial. This also extends to Indian political discourse, which must shed its communal lens when analyzing Bangladesh’s internal affairs.

Burying the Hasina past

India’s relationship with Bangladesh cannot continue to be boundless by the Hasina era.

India must make amends for the country’s role in maintaining a system that stifled democracy and alienated its citizens in order to find a new course. From political interference to exploitative deals and divisive media narratives, it must first acknowledge the harm that its actions have caused.

Bangladesh’s fight for democracy has been long and arduous. Having emerged from the shadows of dictatorship, the nation now seeks a partner, not a patron. For India, this is an opportunity to build a relationship rooted in equality, respect and shared aspirations.

However, if New Delhi fails to adapt and continues to provoke during Bangladesh’s transition toward a new national identity, it runs the risk of causing the country to go down a similar path as Pakistan, which is defined by resistance to Indian influence.

India’s choice is clear: rebuild trust and embrace a democratic Bangladesh, or remain haunted by the legacy of a lost decade.

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Pakistan rolling out a green carpet for global EV makers – Asia Times

By the end of 2030, Pakistan’s New Energy Vehicle ( NEV ) policy aims to have 30 % of new vehicles ( EV ) and envisages a gradual transition to a zero-emission road fleet by 2060, establishing itself as a new player in the global EV market. &nbsp,

In January, China’s BYD partnered with Habibullah Khan to provide Pakistan’s business. Khan’s holding company, Mega Conglomerate, owns Hub Power Company, one of the largest independent power producers ( IPPs ) in the country. The BYD cars may be imported, not produced domestically, according to the news.

An EV boomlet has followed. Pakistan’s Nishat Group announced its car division had debut an Volt with South Korea’s Hyundai, while another secret enterprise issued a statement committing a US$ 250 million investment in Pakistan’s EV market. &nbsp,

Foreign state-owned car makers Changan and MG announced plans to introduce their electric vehicles in Pakistan, while Aima, a brand of Chinese energy two-wheelers, opened an outlet in October.

Awais Leghari, Pakistan’s national energy minister, reported to Asia Times that his team was working on a draft for establishing charging points throughout the nation as part of a campaign to promote electronic cars, motorcycles, and also electrical rickshaws.

Show Dewan Companies, significant for representing BMW in Pakistan, just partnered with Taiwanese EV charger maker Donar. The joint walk aims to provide the necessary equipment for EV charging.

Other Chinese firms such as Great Wall Motors, BAIC, Changan, JAC Motors, FAW, and Chery Automobiles are likewise quickly expanding their footsteps in the country.

Pakistan has the option of reducing its reliance on imported fossil fuels, which drains foreign trade and exposes the country to the uncertainty of the world’s oil prices. By adopting Tesla, Pakistan has the opportunity to reduce its dependence on imported fossil fuels.

However, Pakistan’s success will depend on how well-known electric car manufacturers around the world answer. Despite China’s first supremacy, Pakistan’s EV industry is still largely undiscovered by Western manufacturers, including those from the US and UK. &nbsp,

In the US, the Biden administration’s Inflation Reduction Act ( IRA ) has aimed to spur green energy investments, including in EVs, through tax incentives and other measures. It’s not apparent, but, the IRA‘s EV generate will thrive under Trump 2.0.

” To further defeat inflation, my plan will terminate the Green New Deal, which I call the’ Green New Scam ‘”, Trump said in a speech to the Economic Club of New York in September. ” ]We will ] rescind all unspent funds under the misnamed IRA”, he added.

In his speech at the Republican National Convention in Milwaukee in August, Trump declared,” I will stop the electric car mandate on day one.

The Zero Emission Mandate ( ZEM) was passed into law in the UK in January, making it mandatory to go completely electric vehicles by 2035.

This time, labor leaders said it would restore the ZEV mandate’s unique purpose: 100 % zero-emission cars by 2030. The Daily Mail reported that the government’s federal set its initial mission goal of five years earlier, and that there is a demand that automakers are unable to meet.

This strategy has caused a number of automakers in the UK to be in despair setting. These businesses frequently offer discounts and promotions in exchange for meeting EV sales goals, but maintaining demand has put pressure on even the most well-established businesses.

In response, Vauxhall has announced plans to shut down its Luton mill, and Ford has announced it may reduce 800 jobs in the UK over the next three years due to tense market conditions.

Local collaborations with Pakistan-based businesses may make sense, even though US and UK EV manufacturers are increasingly faced with challenging domestic circumstances.

” We’re offering a range of bonuses, including tax cuts, subsidies, and investment in infrastructure growth”, said Minister Leghari.

Additionally, we’re establishing a one-stop factory for investors, giving them the needed guidance and support to launch their companies in Pakistan. Our goal is to create a level playing field for all owners, regardless of their country of origin”, he said.

While EV desire is stalling in some European countries, it’s growing closely in Pakistan. Additionally, Pakistan’s geographical proximity provides a gate not just to Pakistan but to many other nations just starting to adopt Batteries. It also provides a gateway to South Asia, Central Asia, and the Middle East.

” Our goal is to create a dynamic and business-friendly environment that encourages international manufacturers to establish factories in Pakistan and trade to local industry,” Leghari said. &nbsp,

The state is providing NEV-specific technologies zones at lower price space, leasing options, and natural loans to promote EV manufacturing investment. There will also be sales tax exemptions for locally produced parts, as well as a 1 % customs duty on NEV pieces and 10 % on total NEV imports until 2027, among other financial opportunities.

Other incentives include a lower electricity tariff, a lower goods and services tax rate of 1 % for EVs, and a lower import duty of only 1 % for charging equipment.

Leghari claims that his government is looking into introducing more incentives, such as lowering the express bank’s financing rates, to draw in foreign automakers with domestic market challenges.

While the hopes for Pakistan’s EV industry are promising, there are still several challenges and risks. Like elsewhere, one major obstacle is the lack of charging channels, which certainly is essential for the common EV adoption. &nbsp,

Leghari claimed that the government supports public-private alliances to support the creation of charging system. The government is also working on setting standards for EV charging stations and offering incentives for their setup.

The government and private organizations are installing more charging stations, but the rate is still delayed. Despite the various cost-savings measures, the higher upfront costs of Vehicle automobiles can also be a significant challenge for many consumers.

Pakistan has the ability to become a hotspot for South Asia, Central Asia, and the Middle East’s EV production and trade industry. And not just for Taiwanese EV makers, but also for Western and other Eastern car makers as well. &nbsp, &nbsp,

Owais Rawda is a scientist on power and technology who writes about governmental policy. He can be reached on [email protected]

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Adani Group: Will bribery charges hinder India’s renewable energy goals?

Reuters Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India, November 30, 2024. REUTERS/StringerReuters

Business leaders have told the BBC that corruption allegations made by a US judge against the Adani Group are unlikely to significantly alter India’s commitment to fresh energy.

Delhi, which is essential to global efforts to combat climate change, has committed to getting half of its energy needs or 500 gigawatts ( GW ) of electricity from renewable sources by 2032.

The Adani Group is expected to make a twelfth of that contribution.

The legal troubles in the US could temporarily delay the group’s expansion plans but will not affect the government’s overall targets, analysts say.

Over the past ten years, India has made significant progress in building a clean energy facilities.

The nation is growing at the “fastest level among key economy” in adding solar potential, according to the International Energy Agency.

Installed fresh strength power has grown five-fold, with some 45 % of the region’s power-generation capacity- of almost 200GW- coming from non-fossil fuel sources.

Charges against the Adani Group- essential to India’s fresh energy ambitions- are “like a passing black cloud”, and will not adequately impact this momentum, a previous CEO of a rival firm said, wanting to remain anonymous.

Getty Images A maintenance worker inspects solar panels at a solar power plant operated by Ayana Renewable Power Pvt. in Tuticorin, India, on Wednesday, March 20, 2024. Getty Images

Gautam Adani has vowed to invest $100bn (£78.3bn) in India’s energy transition. Its green energy arm is the country’s largest renewable energy company, producing nearly 11GW of clean energy through a diverse portfolio of wind and solar projects.

Adani has a goal to scale that to 50GW BY 2030, which will make up roughly 10 % of the region’s unique installed power.

Over half of that, or 30GW, may be produced at Khavda, in the northern Indian state of Gujarat. It is billed as the largest fresh power plant in the world, five times the size of Paris, and the crown jewel of Adani’s solar initiative.

However, US prosecutors are now focusing on Khavda and Adani’s other renewable energy amenities, alleging that they obtained bribes from American officials after winning contracts to supply power to express submission companies from these facilities. The organization has refuted this assertion.

However, the consequences are now discernible at the organization level.

Adani Green Energy immediately canceled a$ 600 million bond offering in the US when the indictment was made public.

France’s TotalEnergies, which owns 20 % of Adani Green Energy and has a joint endeavor to develop various solar projects with the company, said it will end new capital infusion into the business.

Significant credit ratings agencies- Moody’s, Fitch and S&amp, P- have since changed their view on Adani team companies, including Adani Green Energy, to bad. This may affect the company’s ability to raise money and increase the cost of doing so.

As global loans become resentful of the group’s increased exposure, researchers have also raised fears about Adani Green Energy’s ability to refinance its debts.

International lenders like Jeffries and Barclays are now said to be reviewing their ties to Adani despite the group’s dependence on foreign banks and local friendship issues for long-term bill increasing from little 14 % in the 2016 fiscal year to nearly 60 % as of this writing, according to a Bernstein note.

Nomura, a Japanese brokerage, claims that new financing should “gradually resume in the long term” despite the possibility that it might dry up in the short term. Meanwhile, Japanese banks like MUFG, SMBC, Mizuho are likely to continue their relationship with the group.

The “reputational and sentimental impact” will fade away in a few months, as Adani is building” solid, strategic assets and creating long-term value”, the unnamed CEO said.

Getty Images This aerial photograph taken on October 15, 2024 shows solar panels installed at the Adani Green Renewable Energy Plant in Khavda, in India's Gujarat state. Getty Images

The Adani Group’s spokesperson told the BBC that it was” confident of delivering 50 GW of renewable energy capacity and committed to its 2030 goals.”

Adani stocks have rebounded significantly from their lowest levels since the US court’s indictment.

Some analysts told the BBC that Adani’s competitors might benefit from a potential slowdown in funding.

While Adani’s financial influence has allowed it to rapidly expand in the sector, its competitors such as Tata Power, Goldman Sachs-backed ReNew Power, Greenko and state-run NTPC Ltd are also significantly ramping up manufacturing and generation capacity.

” It’s not that Adani is a green energy champion. Being the biggest private developer of coal plants in the world, it is a big player that has walked both sides of the street,” said Tim Buckley, director at Climate Energy Finance.

A large entity, “perceived to be corrupt” possibly slowing its expansion, could mean “more money will start flowing into other green energy companies”, he said.

According to Vibhuti Garg, director of South Asia at the Institute for Energy Economics and Financial Analysis ( IEEFA ), market fundamentals also continue to be strong, with India’s demand outpacing supply, which is likely to maintain the appetite for large investments.

What could in fact slow the pace of India’s clean energy ambitions is its own bureaucracy.

” Companies we track are very upbeat. Finance isn’t a problem for them. If anything, it is state-level regulations that act as a kind of deterrent”, says Ms Garg.

Getty Images Wind turbines at the ReGen Powertech Pvt. farm in Dewas, Madhya Pradesh, India, on Friday, Sept. 9, 2022. Getty Images

Most state-run power distribution companies continue to face financial constraints, opting for cheaper fossil fuels, while dragging their feet on signing purchase agreements.

According to Reuters, the controversial tender won by Adani was the first major contract issued by state-run Solar Energy Corp of India (SECI) without a guaranteed purchase agreement from distributors.

According to SEC I’s chairman, there are 30GW of operational green energy projects on the market without buyers.

According to experts, the 8GW solar contract at the heart of Adani’s US indictment also reveals the tense tendering process, which required solar power generation companies to produce modules, which limited the number of bidders and increased power costs.

According to Ms. Garg, the court’s indictment will undoubtedly cause the bidding and tendering rules to tighten.

According to Mr. Buckley, a cleaner tendering process that lowers risks for both developers and investors will be crucial going forward.

Follow BBC News India on Instagram, YouTube, Twitter and Facebook.

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COP29’s new climate finance deal: Will India and China step up? – Asia Times

India and China, the country’s two most popular nations, are key to international environment efforts. They make up over a third of the international community as a whole, and they tremendously increase global pollution. As significant economies and emerging market leaders, their actions may have a significant impact on achieving or preventing international climate goals.

This reality was highlighted by the recent 29th Conference of the Parties ( COP29 ) in Azerbaijan, which was a significant advance in the global climate agenda. Countries converged to set a more ambitious climate finance target, which would accelerate action on pollution and adaptation, after key agreements were reached to promote climate action at the summit, known as the” climate finance COP.”

The New Collective Quantified Goal (NCQG), which will remove the US$ 100 billion goal that is pending, and commit to organizing US$ 300 billion yearly for developing nations by 2035, was a crucial result.

Nevertheless, the NCQG falls little of the US$ 1.3 trillion goal that developing nations had advocated for, and even that figure may not be sufficient to meet their climate financing needs.

Important questions remain: Who will make the expenses? Does the money remain in the form of grants, concessional funding, or private field loans? And, crucially, how will these tools be allocated and distributed? For the NCQG to really work, these difficulties must get addressed.

Major effects will be had by the new agreement for both China and India. As main players in this environment financing commitment, their contributions, alongside international support, may be crucial in determining whether the world can match its climate objectives.

India is a key emerging economy that struggles to strike a balance between achieving climate goals and achieving financial growth and reducing poverty. India’s need for more climate finance was highlighted by current COP29 discussions as a result of its need for a low-carbon business.

New Delhi has much argued that developed countries, which account for the majority of traditional pollution and have experienced higher levels of economic growth, may bear a larger share of the fiscal load. India has made significant progress in renewable energy, setting a lofty goal of 500 gigawatts ( GW ) of non-fossil fuel-based energy by 2030, but it still faces significant challenges in implementing these initiatives without substantial financial and technological support.

Hope is provided by the NCQG’s commitment to raising US$ 300 billion annually for developing nations. However, India’s request for more significant climate fund is still unheeded.

India’s strategy to weather motion is essentially linked to its growth priorities. India is ranked 10th in the most recent Climate Change Performance Index (CCPI), with a relatively low per capita emissions of 2.9 tons of carbon dioxide equivalent (tCO2 ), which is significantly lower than the global average of 6.6 tCO2. This ranking reflects India’s vigilant climate policies, which demonstrate that green growth is possible even for developing nations.

India has, however, constantly emphasized that climate finance should not have constrained by factors like green standards or policy restrictions that might impair its ability to grow economically. The important issue facing New Delhi may be balancing its development needs with its commitments to the environment, making sure that financial aid is both fair and clear.

China, for its part, has also faced investigation. China’s inappropriate contributions to climate financing at COP29 were subject to intense scrutiny. Its monetary commitment to international climate action is increasingly seen as a decisive test of its authority on the international level because it is the world’s largest emission.

Under the 2015 Paris Agreement, weather fund responsibility falls on developed countries due to their historical pollution. But, negotiators are increasingly urging China to play a bigger economic part.

China maintains its position as a developing nation and opposes mandated contributions, but its deliberate pledges have raised questions about their commitment, setting the stage for further discussion of China’s financial responsibility in international climate actions.

Critics argue that China’s rising world influence, its powerful technological capacity and its reputation as the country’s largest greenhouse gas emitter&nbsp, involve greater role in addressing climate change. China’s position in climate finance will be under increased scrutiny as the pressure mounts against it, especially if Beijing wants to exert greater influence in shaping international climate politics.

Since 2016, China has committed over US$ 24.5 billion in climate financing to developing countries, according to Chinese leaders. Monthly efforts are thought to be around US$ 4 billion, which is around 5 % of what developed nations contribute. While important, it also falls short of the US$ 100 billion annual goal for developed countries, a duty China has yet to join.

China has emerged as a significant person in climate financing, but it does so on its own terms and outside the conventional United Nations construction. Importantly, a significant portion of its monetary contributions are in the form of loans rather than grants, which raises questions about the potential debt burdens of the recipient countries over the long term and the potential viability of the project.

As China’s geopolitical and economic power grows, its climate finance plan will be under increasing pressure, especially as demands for greater accountability and stronger commitments grow.

COP29 set a crucial step with the NCQG. The meeting made clear that India and China are crucial in funding international climate action. Both nations may then set the example. After all, their actions may shape the future of climate politics and international conservation.

Neeraj Singh Manhas is the Republic of Korea’s Parley Policy Initiative’s special assistant for South Asia. He recently held the position of Research Director for the Indo-Pacific Consortium at Raisina House in New Delhi.

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Russia’s grand geo-economic plan a step closer in Afghanistan – Asia Times

Sergei Shoigu, a director of the Russian Security Council, traveled to Afghanistan this week to promote Moscow’s” Greater Eurasian Partnership,” a great strategic plan to create new trade routes and administrative alliances in Asia.

Russia has prioritized GRP because of the US’s and the West’s unprecedented sanctions against Russia in 2022 following its invasion of Ukraine, which some people view as Russia’s “pivot to Asia” scheme.

Since then, Russia has revived the previously stalled International North-South Transport Corridor ( INSTC ) between itself and India via Iran, with branch corridors through Azerbaijan, the Caspian Sea and Central Asia.

The Shanghai Cooperation Organization (SCO ), an Eurasian political, economic, and security and defense organization established by Russia and China in 2001, has also been pushed for a larger regional role.

These are pertinent to Afghanistan both through its trade with India via the INSTC and as a SCO spectator. Central, South, and West Asia are at their intersections, and Afghanistan is effectively located there.

Shoigu’s top goal is to increase military-technical assistance with the ruling Taliban so that it can defeat ISIS-K, a militant group that has a presence in Afghanistan and has previously attacked Russia.

In order to better coordinate their efforts to contain local security risks like ISIS-K, Shoigu has pledged that Russia will replace the Taliban from its record of terrorist organizations.

In reverse, Russia is expected to stimulate the SCO to integrate more carefully with Afghanistan, including probably through more intelligence-sharing and future anti-terrorist activities.

Afghanistan’s strategic location also facilitates South Asian power and trade. The Taliban must stabilize private security, strengthen ties with Pakistan, and hope that Pakistan and India’s frequently strained relations will improve in order for that strategy to be viable.

Recent years have seen significant improvement in Russian-Pakistani ties, with considerable progress also being made in recent months. Later in September, Russian Deputy Prime Minister Alexei Overchuk visited Pakistan for two days, and Moscow hosted the first-ever Russian-Pakistani Trade and Investment Forum.

On the SCO Summit in Tashkent in September 2022, Russian President Vladimir Putin stated to Pakistan’s Prime Minister Shehbaz Sharif,” The goal is to provide pipeline gas from Russia to Pakistan. This is achievable as&nbsp, also, in&nbsp, see of&nbsp, the&nbsp, truth that some equipment is already in&nbsp, location in&nbsp, Russia, Kazakhstan and&nbsp, Uzbekistan”.

This potential Russian network may potentially even extend to India if Afghan-Pakistani relationships improve in tandem with Afghan-Pakistani relations.

Even without headway on Putin’s proposed network, Russia could possibly turn Afghanistan into a local oil gateway, as the Taliban envisages, according to a Reuters statement.

Nooruddin Azizi, the acting Afghan secretary of industry and trade, made the report based on what Nooruddin Azizi, the country’s oil-producing nation, said to Sputnik in August 2022 about Kabul’s want to trade its vast mineral reserves.

( In 2010, the US assessed that Afghanistan has nearly US$ 1 trillion worth of untapped minerals, including lithium. )

So, it appears as though the pieces are all in place for Russia to exchange oil for minerals from Afghanistan, transform the country into a local fuel hub, and then assist in mediating an Afghan-Pakistani dispute to facilitate its oil exports to Pakistan and lay the democratic foundation for the construction of a pipeline.

On the business before, a memorandum of understanding ( MoU) to create a travel corridor between Belarus, Russia, Kazakhstan, Uzbekistan, Afghanistan and Pakistan was signed in August 2023.

This corridor, which is tentatively referred to as the Central Eurasian Corridor ( CEC ) or the SCO Corridor due to its geographic location and institutional association, was referenced in the MoU signed between Pakistan and Russia during Overchuk’s visit in late September.

These legal grounds can expedite plans to build a Pakistan-Afghanistan-Uzbekistan ( PAKAFUZ) railway. The CEC/SCO Corridor, with PAKAFUZ as its base, can even eventually grow to India dependent on increased ties with Pakistan.

Shoigu traveled to Afghanistan to learn more about closer military-technical cooperation in battling ISIS-K in response to Russia’s pending end of the Taliban’s designation as a terrorist organization.

Russia’s ambitious plans for integrating Afghanistan into its GEP through the construction of a transregional transport corridor with complementary energy infrastructure require this cooperation.

Russia may provide mediation for Pakistan and India’s long-running Kashmir dispute if requested, and this new corridor might encourage them to do so.

In turn, Pakistan could profit from facilitating trade between India and Russia in Central Asia and Afghanistan, while Pakistani trade with all three countries could be facilitated through Pakistan.

By enhancing the role that South Asia, particularly Pakistan and India, play in its balancing act, it will help Russia avoid becoming too dependent on China.

From the incoming Trump administration’s perspective, this would advance the returning president’s stated goal of “un-uniting” Russia and China, though some US officials might seek to obstruct this gambit.

With these possibilities in mind, Shoigu’s trip to Kabul can, therefore, be seen as part of a major power play designed to further Russia’s grand strategic goal of becoming a leading Asian nation.

These plans could be hampered, of course, if ISIS-K is not quickly defeated, and even that could take some time. But improved Russian-Afghan ties could shift the region’s geopolitical and geo-economic balance if even just part of Moscow’s plans come to fruition.

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FinanceAsia Achievement Awards 2024: the winners | FinanceAsia

FinanceAsia ‘s&nbsp, annual Achievement Awards recognise excellence across the divers financial markets of Asia Pacific ( Apac ) and the Middle East.

The Achievement Awards, which span five distinct categories, include Deal Honors for Apac and the Middle East, House Awards for Apac and the Middle East, and our Dealmaker Poll, show the achievements of major players in these areas as well as those who have shown commitment 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.

Below are the types and winners’ respective links. &nbsp,

The logic behind success collection will get published in our upcoming&nbsp, FinanceAsia&nbsp, reports. Please call the&nbsp, FinanceAsia staff if you have any concerns. &nbsp,

You see all the winners below: &nbsp,

FinanceAsia Achievement Awards 2024: Apac’s best talks

FinanceAsia Achievement Awards 2024: Middle East’s best offers

FinanceAsia Achievement Awards 2024: Dealmaker Poll finalists

FinanceAsia&nbsp, Achievement Awards 2024: Apac’s best funding homes

FinanceAsia&nbsp, Achievement Awards 2024: Middle East’s best funding houses

¬ Capitol Media Limited. All rights reserved.

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

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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Abida Sultaan: India’s ‘rebel’ Muslim princess who shot tigers and drove a Rolls-Royce

Shams Ur Rehman Alavi A photo of princess Abida SultaanShams Ur Rehman Alavi

Abida Sultaan was n’t your typical princess, either.

She wore her hair short, shot lions and was an ace shirt person. From the age of nine, she drove herself around in a Rolls-Royce and flew helicopters.

Abida continued their tradition of defying preconceptions regarding women in general and Arab women in particular by being born in a community of valiant “begums” ( a Muslim woman of high ranking ) who ruled the northern noble state of Bhopal in British India for more than a century.

She resisted being in caste, a custom practiced by Muslim women and some Hindu people, and became the heir to the throne at the age of 15.

Abida served in her father’s cabinet for more than ten years, forged friendships with important freedom fighters, and eventually gained an understanding of the nation’s division and divisions following its partition in 1947 to form Pakistan.

Under the direction of her aunt, Sultan Jehan, a rigid disciplinarian who was Bhopal’s king, she was taught to take on the role of ruler from a young age.

In her 2004 book, Memoirs of a Rebel Lady, Abida writes about how she had to light up at four in the morning to read the Quran- the spiritual text of Islam- and therefore continue with a day filled with activities, which included learning sports, music and horse riding, but also included chores like sweeping the floor and cleaning bathrooms.

” Our intercourse prevented us girls from feeling any inferior.” Everything was similar. We had all the flexibility that a child had, we had drive, climb trees, play any activity we chose to. There were no limits”, she said in an exam about her youth.

Abida rebelled against her grandmother when she was forced to go to caste at the age of 13 despite having an obstinate, harsh, independent streak as a child. She escaped the exercise for the rest of her life because of her courage and father’s broad-mindedness.

Abida, who was already heir to the throne of Bhopal, had the opportunity to join the royal household of Kurwai, which was also where she was married off to Sarwar Ali Khan, her childhood friend and sovereign Kurwai. She described her nikah ( wedding ), about which she was clueless, in hilarious detail in her memoir.

Her aunt asked her to dress up for a wedding when she was pillow-fighting with her relatives. Simply, no one told her that she was the bride.

” No-one had prepared or instructed me on how to do myself, with the effect that I walked into the nikah room, pushing the gathered people out of my way, my face uncovered, sulking as usual for being chosen once for some new test”, she writes.

The marriage was short like Abida’s relationship, which lasted for less than a century.

Shams Ur Rehman Alavi A photo of princess Abida SultaanShams Ur Rehman Alavi

Married life was tough for Abida, not just because of her younger time but also because of her tight, pious upbringing. She openly describes how her marriage suffered as a result of her lack of knowledge and distress with sex.

” Soon after my marriage, I entered the world of conjugal pain. She writes and adds that she could never bring herself to “accept conjugal relations between husband and wife” because she was unaware that the conclusion would have left her thus horrified, numbed, and feeling unclean. This led to the collapse of her wedding.

In her paper on intimacy and sexuality in the autobiographical writings of Muslim women in South Asia, historian Siobhan Lambert-Hurley underscores how Abida’s honest reflections on sexual intimacy with her husband tear apart the stereotype that Muslim women do not write about sex, by presenting an unabashed voice on the topic.

Abida moved up to Bhopal after her marriage broke down. She left her Kurwai conjugal home. But the woman’s only child, Shahryar Mohammad Khan, became the subject of an unpleasant custody dispute. Abida made a bold move to get her husband’s side after the drawn-out argument and forbidding to leave her child.

On a hot day in March 1935, Abida drove for three days straight to approach her father’s house in Kurwai. She entered his room, pulled out a pistol, threw it in her father’s chest and said:” Take me or I may take you”.

This incident, coupled with a real confrontation between the pair in which Abida emerged victorious, put an end to the prison dispute. She continued to work as an heir to the throne while raising her brother as a second mother. She ran her country’s government from 1935 till 1949, when Bhopal was merged with the American state of Madhya Pradesh.

Abida even attended the round-table discussions, which were organized by the American government to decide the country’s coming, where she met well-known figures like Jawaharlal Nehru, Motilal Nehru, and his brother Jawaharlal Nehru, who would become India’s first prime minister.

She also had first-hand knowledge of the deteriorating Hindu-Muslim community and the crime that broke out following India’s partition in 1947.

Shams Ur Rehman Alavi A photo of Abida SutaanShams Ur Rehman Alavi

In her memoir Abida describes the discrimination she began facing in Bhopal; how her family, who had lived there peacefully for generations, began to be treated as “outsiders”. In one of her interviews, she spoke about a particularly disturbing memory she had of the violence that broke out between Hindus and Muslims.

She arrived at the railroad station to oversee the arrival a day after the American government informed her that a coach carrying Muslim refugees would be arriving in Bhopal.

She continued,” When the divisions were opened, they were all dead,” adding that she was influenced by the murder and hostility that led her to immigrate to Pakistan in 1950.

Abida left slowly, with just her brother and hopes for a brighter future. In Pakistan, she championed politics and women’s freedom through her political career. In Karachi, Abida passed away in 2002.

The American government had granted her girl an heir to the throne after she left for Pakistan. However, Abida is still well-known in Bhopal, where she is sometimes referred to as “bia huzoor.”

Shams Ur Rehman Alavi, a journalist who has been researching Bhopal’s female rulers, says that “religious politics have eroded her legacy and she is n’t talked about as much anymore.”

” But her name is n’t likely to be forgotten anytime soon”.

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Banking on connectivity: How Equinix is revolutionizing BFSI infrastructure

    developing a sustainable economic system on a global scale

  • Revolutionizing finance through global digital communication

Banking on connectivity: How Equinix is revolutionizing BFSI infrastructure

In today’s banks, financial services, and coverage ( BFSI) business, interlinking is not just a buzzword—it’s the lifeblood of online transformation, driving a tectonic shift in how financial organizations operate and develop. At the heart of this revolutionary stands Equinix, a digital infrastructure business that’s weaving a global cloth of communication, redefining how economic companies operate, develop, and secure their digital assets. &nbsp,

Equinix’s position in the BFSI market is little short of revolutionary. Equinix has created a strong, global habitat that’s driving creativity and collaboration. The amazing breadth and breadth of the Equinix economic services ecosystem reflect this wide range. Using Equinix’s connectivity options, BFSI habitat participants continue to build and expand their services in the modern economy. &nbsp,

Beyond traditional financial institutions, this habitat also includes all major public cloud service providers, many financial organizations, data analytics companies, LLM and AI providers, and technology providers. A detailed network like this promotes innovation and new business models by facilitating smooth cooperation and data exchange.

enhancing the digital equipment needed for contemporary bank

At the core of this habitat is Platform Equinix®, which is at the frontline of enabling cutting-edge online banking services. By providing low-latency connections to a multitude of partners, including sky providers, system operators, surveillance and fintech companies, Equinix allows banks to produce future-ready platforms that can leverage various technologies through API calls.

This infrastructure flexibility is crucial in today’s multi-cloud environment. For instance, a bank can now run its front-end applications on AWS, use Google BigQuery for analytics, and tap into AI services from Microsoft or OpenAI, all while maintaining its core banking systems and customer data within Equinix’s secure data centers. &nbsp,

Equinix Fabric® facilitates this hybrid multi-cloud approach, enabling banks to provide their customers with the quickest and most innovative services without sacrificing security or performance. &nbsp,

Tariq Shallwani, head of Segment Strategy South Asia, Equinix, shared,” Over 85 % of enterprises are already using multiple clouds to gain agility. BFSIs have a transformative opportunity to leverage innovation from the cloud while avoiding vendor lock-in as new public cloud availability zones are launching in Malaysia.

Banking on connectivity: How Equinix is revolutionizing BFSI infrastructure

In a connected world, strengthening cybersecurity

As financial services become increasingly digital and interconnected, cybersecurity has become a paramount concern. Equinix addresses this issue head-on by providing safe, private options for connecting to the public internet, significantly reducing the threat of cybercrimes.

Central to this security strategy is Equinix Fabric, which allows financial institutions to create private, software-defined connections to their partners and service providers. By reducing latency, this increases both performance and security. &nbsp,

Building on this foundation, Equinix’s Network Edge service offers software-defined edge security solutions, including SD-WAN, firewalls, and routers as a service, extending the coverage to new markets and edge metros.

Navigating compliance in a global landscape

While enhancing security, financial institutions must also navigate a complex web of regulatory requirements. Global financial institutions face a significant challenge in ensuring compliance with data sovereignty and financial regulations. Equinix’s global presence, with data centers in key financial hubs worldwide, allows banks to maintain data residency while still accessing global markets.

Banks expanding their reach benefit most from this global-local approach. For instance, a bank in Malaysia can use Equinix’s facilities in Singapore or Hong Kong to access the region’s robust financial ecosystem while adhering to local data laws. Banks can expand their services internationally while maintaining the necessary regulatory compliance in each country.

Enabling real-time financial services

The future of banking is not just global and secure—it’s also real-time. Equinix’s low-latency connections and location of data centers close to major financial hubs help to realize this. This infrastructure enables banks to process transactions and analyze data in near real-time, a capability that is crucial for services like high-frequency trading, real-time fraud detection, and instantaneous cross-border payments.

Additionally, Equinix’s edge computing capabilities enable the financial sector to integrate IoT and AI technologies. For instance, insurance companies can now process data from IoT devices in real-time, enabling more accurate risk assessments and faster claims processing. This convergence of advanced technologies and real-time capabilities opens up new horizons for financial services.

Together with Equinix and Orange Business, the two companies have established a strong partnership to provide BFSI clients with appropriate solutions that are customized to their requirements. Disaster recovery is one of these options, from new, innovative service offerings to the re-architecture of the IT infrastructure in data centers and the cloud. &nbsp,

Christophe Ozer– head of Evolution Platform Orange Business APAC – Cloud, Connectivity, Cybersecurity, shared,” Through our partnership, Orange Business and Equinix are enabling financial institutions to unlock new levels of agility and security, ensuring they remain at the forefront of innovation while meeting the demands of a rapidly changing financial landscape”.

Sustainability in finance

Now, as the financial sector evolves technologically, it’s also grappling with its environmental impact. Here too, Equinix is leading the charge towards sustainable digital infrastructure. Despite growing its global data center footprint and vowing to reach 100 % clean and renewable energy coverage across its global portfolio of data centers by 2030, Equinix reduced its operational scope 1 & 2 emissions by 24 % from a 2019 baseline in 2023. &nbsp,

This initiative extends to all facilities, whether newly constructed or recently incorporated into the company’s portfolio. In Malaysia, Equinix’s data centers are 100 % renewable, and in 2023, Equinix’s global operations had a total renewable energy coverage of 96 %, surpassing 90 % for the sixth consecutive year…

Financial institutions can use cutting-edge digital infrastructure to achieve their own environmental goals while achieving these goals. It’s a win-win scenario where technological advancement aligns with environmental responsibility.

Future-proofing finance

The impact of interconnected ecosystems in finance will only increase as the years go on. Equinix is at the forefront of this trend, expanding its global reach and improving its services indefinitely. The company’s recent expansion into Southeast Asian markets like Malaysia demonstrates its commitment to supporting the sustainable expansion of emerging markets ‘ digital financial services.

For banks and financial institutions, partnering with Equinix offers a clear path to digital transformation. It provides access to a global ecosystem of partners, secure, sustainable and high-performance infrastructure, and the flexibility to innovate and scale rapidly. Equinix’s interconnected ecosystems will undoubtedly have a significant impact on shaping the future of finance as the landscape of the financial services industry continues to evolve.

Ultimately, in this increasingly digital and interconnected world, Equinix is not just providing sustainable infrastructure – it’s powering the future of finance. By enabling secure, compliant, and innovative financial services, Equinix is helping to create a more connected and efficient global financial system, benefiting institutions and consumers alike. &nbsp,

As technology develops, the interaction between financial services and digital infrastructure will continue to spur innovation, creating a more diverse and dynamic financial ecosystem.

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