Philippines: Manila Electric Co, Repower ink JV for hydel power projects

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Manila Electric Company (Meralco) has partnered with Repower Energy Development Corp to jointly undertake the development of various hydroelectric power projects in the country.

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Indonesia to give big push to IT sector with plans to set up 100 tech parks

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Indonesia is looking at giving a big push to the information technology sector with its plans to develop 100 integrated tech parks. The five-year plan to develop the technology sector was part of Indonesia President Joko Widodo‘s electoral campaign agenda. The proposed techno or science park will be an integrated complex that will bring… Read more »


India Dealbook: Jabong founder invests in Flatfurnish; Gyaanzone gets funds from GBIM Tech

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Furnishing rental startup Flatfurnish.com has raised funding from Jabong founder Arun Chandra Mohan, while  Mumbai-based online education platform Gyaanzone has raised an undisclosed amount in funding from GBIM Technologies. Jabong founder invests in Flatfurnish Furnishing rental startup Flatfurnish.com has raised an undisclosed amount in funding from Jabong founder Arun Chandra… Read more »


Global PE majors & Chinese firms likely suitors for Philips and Osram’s lighting biz auctions

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Companies interested in lighting assets will have the opportunity to bid for Europe’s best-known brands Philips and Osram in two separate auctions starting this month. A consortium comprising buyout groups KKR, CVC and Onex is expected to hand in an offer for the Philips business, as well as peers like… Read more »


Indonesia railway operator KAI to invest $579.71m in 2016

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State own railway operator PT Kereta Api Indonesia (KAI) is preparing a capital expenditure plan of Rp8 trillion ($579.71 million) to help increase the freight transport business in 2016. According to the chief executive officer (CEO) Edi Sukmoro the fund will help in infrastructure addtion that will boost the total freight… Read more »


Myanmar: Anthem Asia invests in local creative digital agency Revo Tech

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Anthem Asia, an independent investment and advisory group has invested an undisclosed amount of six digits in Revo Tech.


India: IDBI Bank appoints seven banks to raise $571m via QIP issue

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IDBI Bank Ltd, a state-owned bank in which the government is looking to pare its stake and bring in strategic investors, on Thursday hired seven banks to help it raise Rs.3,771 crore through a qualified institutional placement (QIP) issuance, according to three people aware of the development. The bank has… Read more »


Indonesia: Bank Rakyat said to scrap $500m life insurance sale

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PT Bank Rakyat Indonesia, the country’s most profitable lender, has canceled the sale process for a 40 percent stake in its life insurance arm, people with knowledge of the matter said. The state-controlled bank will try to boost the business’s value internally before any future sale, the people said, asking not… Read more »


Despite macro challenges, Indonesia targets 14% jump in investments at $43b in 2016

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Despite the challenging macro-economic environment, Indonesia is hoping the country will attract higher foreign and domestic investments in 2016. The country’s Investment Coordinating Board (BKPM) is expecting that investment realisation (or actual fund inflows) in 2016 could reach 594.8 trillion ($42.79 billion), up 14.4 per cent from 2015’s target Rp 519 trillion…. Read more »


Petition against Sun Pharma for allegedly violating Ranbaxy merger terms

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Sun Pharmaceutical Industries Ltd, which acquired Ranbaxy Laboratories Ltd last year, is facing protests from its sales force after the country’s largest drug maker allegedly transferred and demoted some employees belonging to the acquired company. On Wednesday, the Federation of Medical and Sales Representatives Associations of India (FMRAI), the largest… Read more »