Philippine real estate developer Megaworld Corporation would be adding PHP10 billion to its PHP25 billion development fund for the 72-hectare Iloilo Business Park located in the Visayas region.
Asia/Pacific
KKR get preferential negotiating rights for Panasonic stake- sources
Sources told Reuters that KKR would be favored by Panasonic to acquire a majority stake in its healthcare business.
Sources say Suntory in advanced talks for purchase of GlaxoSmithKline's drink brands
Sources told Reuters that Suntory would be acquiring two drink brands of GlaxoSmithKline in a deal worth more than GBP 1 billion.
MDIS gives MYR300 million to construct Malaysia extension
The Management Development Institute of Singapore (MDIS) would be investing MYR300 million of its money to construct a large campus at Educity, Nusajaya.
BRICS commits USD100 billion to foreign exchange fund
The BRICS Group had announced USD100 billion to a fighting fund after it wanted to make the current markets steady.
Latest News
The European Union Chamber of Commerce in China said there was unfair treatment to foreign firms in the China bribery probe.
Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
Japanese drug manufacturer Otsuka Holdings said it would be acquiring Astex Pharmaceuticals for close to USD 900 million.
Cathay Pacific Airways Ltd. released an exchange statement today, voicing out its opposition against Qantas Airways Ltd. (QAN)'s Hong Kong budget carrier venture with China Eastern Airlines Corp. and gambling tycoom Stanley Ho.
Bank of America said it would sell its 2 billion shares in China Construction Bank Corp. Bank of America Corp had expected to end an eight year investment in China Construction Bank Corp.
China Merchants Bank Co. announced that it had raised USD27.5 billion listed on the Shanghai Stock Exchange.
Amidst falling revenues and declining stock values, Samsung plans the holding of a strategic conference for its future.
Panasonic President announced the firm's withdrawal from the Japanese smartphone market as well as the reduction of its smartphone operations.
South Korean budget carrier Jeju Air Inc said it would consider conducting an IPO to increase the number of its airplanes and meet the growing demand for air travel in the Asia-Pacific.
