Thai Gulf Energy to invest US$4.6 billion in Southeast Asia power plants Thai Gulf , Southeast Asia , power plants Pakistan Press Club – Thailand Gulf Energy Development Pcl’s founder Sarath Ratanavadi is planning to invest 150 billion baht (about US$4.6 million) in power plants over the next four years after the company’s…
Indonesia’s Telkom to buy Malaysian satellite VSAT operator TS Global Network for US$26 million Pakistan Press Club – Indonesia Indonesian state-owned telecom firm, Telekomunikasi Indonesia has recently announced its majority stake acquisition in Malaysian satellite operator TS Global Network (TSGN) for MYR 108.5 million (about US$26 million). The deal sees 70 percent of the stake being traded…
MoneyMax to purchase stakes in 13 Malaysian pawnbrokers for US$13.5 million Pakistan Press Club – Malaysia MoneyMax Financial Services, a pawnbroking operator has recently took up interest stakes in 13 Malaysian pawnbrokers from CMS Top Holdings Sdn Bhd at an amount of RM56.6 million (about US$13.5 million). The acquisition of stakes will be made through…
MindChamps Preschool to raise US$34.3 million in Singapore Exchange listing Pakistan Press Club – Singapore MindChamps Preschool, a franchisor of premium range preschool centers in Singapore has made its trading debut on Friday at the Mainboard of the Singapore Exchange (SGX). The preschool operator was among the most active stocks on the Singapore Exchange during…
Filipino payment startup Salarium to raise US$50 million via an Initial Coin Offering Pakistan Press Club Philippine Philippine-based payment solutions startup Salarium is aiming to raise up to US$50 million through an initial coin offering (ICO) for its SALPay Token. Salarium Founder and CEO Judah Hirsch explained that the company’s ICO will help bridge the gap between…
Shareholders sue Australia’s Crown Resorts over China marketing SYDNEY (Pakistan Press Club) – Australian casino operator Crown Resorts Ltd (CWN.AX) was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share price. The company…
Saudi Arabian exchange enlists Nasdaq to turbocharge technology DUBAI (Pakistan Press Club) – Saudi Arabia’s Stock Exchange said on Monday it has hired U.S. group Nasdaq (NDAQ.O) to replace its 16-year-old registry, depository and settlement infrastructure as it tackles challenges including the forthcoming listing of Saudi Aramco. The kingdom is rapidly developing its stock market,…
Three Uber security managers resign after CEO criticizes practices SAN FRANCISCO (Pakistan Press Club) – Three senior managers in Uber Technologies Inc’s security unit resigned on Friday, an Uber spokesperson said, days after the company’s new chief executive officer disclosed a massive data breach and criticized past security practices. Uber’s CEO, Dara Khosrowshahi, who was…
Govt deregulates diesel after petrol, HOBC Pakistan Press Club ISLAMABAD: The Petroleum Division of the Ministry of Energy on Saturday deregulated diesel after petrol and HOBC. The approval of deregulation of these petroleum products was given in the first week of October during the meeting of the Economic Coordination Committee of Cabinet (ECC) which was…
GM venture to recall nearly a million vehicles in China BEIJING (Pakistan Press Club) – One of General Motors Co’s (GM.N) China ventures will recall nearly a million vehicles due to fuel tank problems, the country’s quality watchdog said on Friday, the latest in a spate of major auto recalls in China over the last…
