FeaturedLogisticsChina-based logistics company BEST expands into CambodiaPritam BordoloiJuly 7, 2020 by Pritam BordoloiJuly 7, 2020 The expansion is part of the BEST’s plan to develop an efficient logistics network across SE Asia... Read more
FeaturedReal EstateIFC invests $75 mn in Vietnamese property firm Phu My HungPritam BordoloiJuly 7, 2020 by Pritam BordoloiJuly 7, 2020 The funds will help the real estate firm sustain itself amid the coronavirus pandemic... Read more
BankingFeaturedCredit Suisse signs strategic deal with Modalmais to buy up to 35% stakeInternational Finance Business DeskJuly 6, 2020July 6, 2020 by International Finance Business DeskJuly 6, 2020July 6, 2020 It is reported that the deal values the firm at approximately 5 billion Brazilian reais... Read more
FeaturedOil & GasEPRA revokes Swift Energy Distributors licence for disregarding lawsInternational Finance Business DeskJuly 6, 2020 by International Finance Business DeskJuly 6, 2020 The licence was revoked for storage and filling of LPG cylinders... Read more
FeaturedTelecomAirtel Kenya sees 9% rise in growth impacted by currency devaluationInternational Finance Business DeskJuly 6, 2020July 6, 2020 by International Finance Business DeskJuly 6, 2020July 6, 2020 The telecom operator's revenue growth was partially impacted by currency devaluation in Zambia and Kenya... Read more
EnergyFeaturedEgypt approves 691 green projects for FY 2020/21Pritam BordoloiJuly 6, 2020 by Pritam BordoloiJuly 6, 2020 30% of Egypt’s investment will be implemented as per environmental sustainability and green economy concepts... Read more
BankingFeaturedUAE central bank to introduce a new overnight deposit facilityPritam BordoloiJuly 6, 2020 by Pritam BordoloiJuly 6, 2020 The new facility will allow conventional banks operating deposit their surplus liquidity at the central bank on an overnight basis... Read more
FeaturedFintechAMTD to acquire a controlling stake in Singapore’s Fomo PayPritam BordoloiJuly 6, 2020 by Pritam BordoloiJuly 6, 2020 AMTD will complete the acquisition through a share swap and cash deal... Read more
FeaturedReal EstateSingapore’s real estate activity down by 45% in H12020Pritam BordoloiJuly 3, 2020July 3, 2020 by Pritam BordoloiJuly 3, 2020July 3, 2020 In the second quarter, preliminary investment volume stood at S$3.06 mn... Read more
FeaturedTelecomIntel Capital invests $253.5 mn in Jio PlatformsPritam BordoloiJuly 3, 2020 by Pritam BordoloiJuly 3, 2020 Intel will acquire a 0.39% stake in Jio Platforms... Read more