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State Grid nears Oman Electricity stake purchase

LONDON: State Grid Corp of China is nearing an agreement to acquire a 49% stake in Oman’s state-owned transmission company in the first major privatisation by the Middle East’s largest non-Opec oil producer, people with knowledge of the matter said.

Profiting from concessions

Ever since the Pakatan Harapan government came to power, one of the things we learned was the total amount of government debt that Malaysia now have, which comprise not only the official government debt, but also two other components – committed government guarantees and lease payment for Private-Public Partnership (PPP) projects as well as debts related to 1MDB.

Duterte orders change of 1997 water privatisation agreements

MANILA, ANN, Dec 4 — President Rodrigo Duterte has threatened to jail and file economic sabotage cases against officials of Maynilad Water Services Inc. and Manila Water Co. Inc. and others involved in what he called onerous water concession agreements.