Asia M&A and investment review
India’s energy growth to follow unique low-carbon path
India is expected to become an important player in global energy markets, following a distinct growth path marked by lower energy intensity, a diverse energy mix and expanding commodity imports, according to Wood Mackenzie's latest Horizons report.
Indian defence reforms stymied by lack of funds
India’s plans to modernise its military and strengthen domestic defence production are facing mounting challenges due to financial constraints, despite a net boost in the country’s defence budget.
Toyota to open fully-owned EV plant in Shanghai, increase operations in the US
Toyota to establish a wholly-owned EV and battery facility in Shanghai, expand US operations
Pakistan urges World Bank to fund smart meter project
Pakistan’s Power Minister Awais Leghari has sought financial backing from the World Bank to install smart meters at distribution-level transformers.
INTERVIEW: REnergy Dynamics eyes 175 tonnes per day in compressed biogas projects in India
India’s Noida-based clean energy company REnergy Dynamics expects to develop compressed bio-gas (CBG) projects with a combined capacity of 175 tonnes per day (tpd) in the near future
Chinese power projects under CPEC leave Pakistan struggling with debt
The China-Pakistan Economic Corridor (CPEC), once hailed as a transformative initiative for Pakistan’s economy, has left the nation grappling with substantial debt and soaring electricity costs.
Japan’s ramen shops face crisis as rising costs push more to bankruptcy
Japan’s iconic ramen noodle eateries have been hit hard by rising costs in 2024, with a record number of businesses folding under the strain.
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn. Some 844 active gaming studios recorded in Turkey by end of 2024.
Microsoft to invest $3bn in India
Microsoft plans to invest $3bn in India over two years to expand cloud and artificial intelligence (AI) infrastructure and bolster its workforce's skills, company Chairman and CEO Satya Nadella announced on January 7
Singapore’s PacificLight Power embarks on $735mn hydrogen power plant project
Singapore’s energy leader, PacificLight Power, is advancing clean energy initiatives with a $735mn hydrogen power plant on Jurong Island, slated for completion in 2029.