Asia M&A and investment review
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.
Trump vows to block Nippon Steel's $14bn bid for US Steel
Donald Trump has reiterated his commitment to blocking Nippon Steel's bid to acquire United States Steel Corp., a deal worth over $14bn
China dismisses Trump's tariff threat, warns of 'no winners' in trade war
China has responded defiantly to US President-elect Donald Trump’s pledge to impose additional tariffs on Chinese imports, accusing him of using the fentanyl crisis as a pretext for trade escalation
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Demise of investment would deal major blow to Turkmenistan, which badly needs to diversify its gas exports.
Indonesian analysts favour Kamala Harris’s economic policies as the US votes
As the US presidential election takes place, Indonesian analysts are expressing a preference for Kamala Harris over Donald Trump, citing her economic approach as more supportive of global market stability, particularly benefiting emerging markets
US elections and their impact on Indian equities
Donald Trump’s possible return to the US presidency could positively impact Indian sectors such as automotive, energy and metals, with a largely neutral outlook expected for the pharmaceutical industry