Vietnam has increased the foreign ownership caps in banks from the previous 15% to 20% in a bid to boost the country's ailing banking system, according to a government statement.
Asia/Pacific
Temasek mulls over bond sale to individual investors in Singapore
State-owned investment firm Temasek Holdings Pte. Ltd. is considering to offer bonds to individual investors in Singapore. Temasek's current $10 billion medium-term bond program offers securities to institutions.
Temporary lifting of ban selling foreign video game consoles in China paves way for tech companies to enter market
China's State Council has suspended the ban the government had put in place for 14 years which barred the selling of foreign video game consoles, potentially opening doors for technology firms to enter the Chinese video game market, Reuters reported.
China's Greenland to invest £1.2B on two London property projects
China's state-owned Greenland Holding Group will invest £1.2 billion ($2 billion) on two property projects located in Wandsworth and Canary Wharf in London. The real estate developer is also looking to enter Canada, France and Singapore this year.
Mitsubishi Motors to raise up to $2.3B in share sale, resume dividend payments
Mitsubishi Motors Corp., which was bailed out by other Mitsubishi companies almost a decade ago, seeks to raise up to ¥241.6 billion ($2.3 billion) in a share sale. The said proceeds will enable it to resume dividend payments for the first time in more than 15 years.
Latest News
The government of India has cancelled its plan to divest a 5% stake in state-owned miner Coal India Ltd due to persistent opposition from trade unions, according to a finance ministry official.
Japan-based trading house Marubeni Corp sold its 30% interest in Australia-based Milmerran Power Station to a buyer in South Korea for under A$200 million ($179 million), according to a source familiar with the deal.
US-based private equity group Blackstone bought a further 2.79% stake in Mumbai, India-based commodity bourse Multi Commodity Exchange (MCX) from foreign fund house Merrill Lynch, bringing its total holding to 4.99%.
With no new gadgets seen to fuel growth, the global technology market is poised for a slight drop in 2014, according to estimates from the Consumer Electronics Association, the Financial Times reported.
Singapore-based fund New Asia Investments invested an undisclosed amount to complete a new waste water treatment facility in Vietnam through its portfolio holding, GD Wasser.
Citing a copy it obtained of Document 107, Reuters reported that the State Council of China has published guidelines that aim to fortify regulation against the risky practice of shadow banking.
Sharp Corp President Kozo Takahashi said the Japanese company intends to sell plants and stock holdings as it extends the reforms it had started in 2013, Bloomberg reported.
Unilazer Ventures invested an undisclosed amount in Mumbai, India-based grocery e-tailer EkStop.com and has taken a 25% stake in the firm as part of the investment which will be used for the company's expansion.
The government of Taiwan said no to American firm Robocoin's installation of Bitcoin ATMs in the country because it believes Bitcoins are not real currencies, according to a government officer.
