Asia M&A and investment review
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.
India’s second-largest clean energy company ReNew plans to go private
Key investors in ReNew Energy Global, India’s second-largest clean energy producer, have proposed to take the company private in a deal valued at $2.82bn.
