India’s government chooses five banks to administer the sale of its stake in Indian Oil Corp. The Indian government chose five banks that include the local units of HSBC Holdings and Citigroup Inc to administer the sale of its 10% stake in Indian Oil Corp.
Asia/Pacific
New partners to finance massive housing project in China
China gets US $44.4 million funding for a housing project. Century Bridge Capital entered into a joint venture agreement with Coastal Greenland Limited after investing US $44.
The telegram dies in India
The last remaining postal service in India finally shut down after more than a century's operation.
Philippines signs wealth sharing deal with rebels
The government of the Philippines and the Moro Islamic Liberation Front signed in a wealth sharing agreement.
Boxing match kills at least 17 in Indonesia
A stampede after an amateur boxing match in Indonesia killed at least 17 watchers. It's not uncommon for people involved in the sport of boxing to suffer major injuries and casualties.
Latest News
Chinese Securities Regulatory Commission allowed Alibaba to expand its capital for the online loan enterprise.
China planned to add 10GW solar power annually over the next 3 years. China will be adding 10GW of solar power annually for the next 3 years, said a statement from the State Council.
Embassy Group sells stake in overseas joint venture back to MK Land Holdings. Real Estate developer Embassy Group, just one of India's top three commerical space constructors, had exited an international joint venture with Malaysia's MK Land Holdings Berhad.
Mitsui CEO stated they plan to invest more in Thailand making it their base for Asean operations Mitsui & Co Ltd is returning to Thailand to invest in the country with a vow to work with its Thai partners Siam Cement Group and PTT Plc to make investments overseas in joint ventures when opportunities arise.
Actis planned to acquire 25% stake in Symbiotec Pharmalab. Actis, a private equity firm based in London, was looking to acquire a stake in Symbiotec Pharmalab.
Thailand's MK Restaurants Group planned to raise the second-biggest IPO in the country. MK Restaurants Group planned to raise an initial public offering that would be Thailand's second-biggest IPO offering this year.
VuQo Inc. announced that the expansion of their global licensing agreement with Playboy Enterprises.
Amcor announced the US$62 million acquisition of China's Jiangsu Shendra Group. Amcor announced the purchase of Jiangsu Shendra Group, a Chinese flexible packaging business, for US$62 million.
Malaysian Ekuiti Nasional said it wants to expand Icon Offshore Bhd before it goes public. Ekuiti Nasional Bhd revealed plans to carry out one more regional financial commitment for its offshore supply vessel entity, Icon Offshore Bhd.
