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KUALA LUMPUR: CGS-CIMB Equities Research estimates that 19 of AET’s crude tankers, being 18.4% of its capacity days in 4Q19F, may be caught in the web of US sanctions against Venezuela.
MOSCOW: Once you crack the profit code for delivering hot pizzas in the Arctic, where blocks of cheese arrive on nuclear icebreakers, expanding into more hospitable climes like Britain and Nigeria is as easy as pie.
Masayoshi Son could be on track for the biggest triumph of his career. Or the biggest failure. His decision to jump in and save a drowning unicorn, WeWork, goes against the precepts of the SoftBank Vision Fund that he founded, and could cause reputational damage worth more than the billions of dollars in this one deal.
The takeover of PLUS Expressways Bhd is likely to end with the latest proposal announced by Finance Minister Lim Guan Eng in his Budget 2020 speech.
THE proposal to merge four development financial institutions (DFIs) in the country could create an entity with a larger balance sheet that, in turn, could result in greater efficiencies and better cost controls.
HO CHI MINH CITY/HANOI: A new front has opened in the U.S.-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for skilled labour, aggravating an existing shortage and prompting calls for education reforms to address the problem.
KUALA LUMPUR: Maybank Investment Bank Research is generally positive on the plan by YTL REIT parent’s YTL Corp to inject over RM1bil worth of UK hotels into YTL REIT’s portfolio, this was notwithstanding some potential gearing-related roadblocks.
Bangalore: Oyo Hotels and Homes is raising US$1.5bil from founder Ritesh Agarwal, SoftBank Group Corp and other investors as the India lodging startup expands into foreign markets such as the United States and Europe.
HONG KONG: Chinese sportswear manufacturer Topsports International Holdings Ltd is on course to raise $1 billion with its shares expected to price at HK$8.50 in an Hong Kong initial public offering, people with knowledge of the matter said..