Thailand Power Dealbook: TTCL, MDX

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In two cross-border power sector developments this week, Thailand-based Toyo-Thai plans to set up coal fired plants in Myanmar while MDX is in talks with authorities to set up hydropower projects in Laos . Toyo-Thai signs MOU to build two power plants in Myanmar Toyo-Thai Corporation (TTCL), an integrated engineering procurement and construction contractor, and… Read more »

Singapore is third largest foreign investor in Vietnam

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Singaporean firms have invested $33 billion into Vietnam, mostly centred around Hanoi ($4.17 billion) and Ho Chi Minh City ($9 billion), by the end of February 2015, say the statistics provided by Vietnam’s Foreign Investment Agency, This makes Singapore, the third largest investor in Vietnam, after South Korea and Japan. Vietnam’s strategic location, low-cost labor,… Read more »


Vietnam Dealbook: Bao Phuoc-VNECO, Petro Song Da-PetroVietnam Construction, Kim Long Securities

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This week, Bao Phuoc JSC, a small domestic brand in Vietnam, acquired nearly 12.5 per cent in electricity and construction major VNECO. Another development in Vietnam’s construction industry saw the company Petro Song Da, become a subsidiary of PetroVietnam Construction via a share purchase deal. Meanwhile, Kim Long Securities Company, worth VND202.5 billion ($9.4… Read more »


Yao-led firm Macay Holdings to finally acquire RC Cola in PH

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Aiming to further boost its beverage business in the Philippines, the Yao group of companies, through their listed investment vehicle Macay Holdings Inc, will be finally acquiring ARC Holdings Inc — the holder of the trademark licenses of the RC Cola brand. Macay informed the stock exchange on Friday that its board of directors… Read more »


PH power firm Panay Energy raises $257.8m in debt

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Philippine-based Panay Energy Development Corporation (PEDC), a part of the GBPC group, has raised $257.8 million (P11 billion) from a 12-year syndicated loan facility to fund its 150 MW clean coal-fired power plant expansion project at Iloilo City. Executives of PEDC’s parent company Global Business Power Corporation (GBPC), believe that the… Read more »


Philippines’ NAC to acquire 10% of NiHao & its mining project for 24.5m

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Nickel Asia Corp (NAC) announced that it will be investing up to $24.5 million (P1.09 billion) in Philippine-listed company NiHao Mineral Resources International Inc (NiHao), buying 10 per cent of the company and 100 per cent of its mining project. NAC informed the stock exchange on Friday that it has signed… Read more »


Exclusive: TV Direct in talk to acquire stake in Japan’s call centre firm

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Thailand based TV shopping operator TV Direct (TVD) is in talks to acquire stake in Japan’s leading call centre company. This deal is expected to have a final conclusion during the third quarter of this year. However, chief executive officer Songpol Chanmatkit said that he cannot disclose further details including, the deal’s value at… Read more »


Vingroup takes over Vinatexmart, plans aggressive retail expansion across Vietnam

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Vietnam’s realty major Vingroup has strengthened its presence in the local retail market by acquiring 100 per cent of Vinatexmart, the retail arm of the Vietnam National Textile and Garment Group. The details regarding the value of the deal werre not disclosed by either company. Thus, the property giant has… Read more »


Foodpanda partners Korea’s BBQ Chicken to expand in Vietnam

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Food ordering platform Foodpanda and the Vietnam-based unit of South Korea’s BBQ Chicken in Vietnam have reached partnership and an exclusive shipping agreement for services in the country. Prior to this deal, Foodpanda Vietnam has worked with some local BBQ Chicken stores. The cooperation now allows customers to access the services and… Read more »


Boeing & SIA to establish joint venture in Singapore

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Boeing and SIA Engineering (SIAEC) are forming a joint venture, offering technical services for aircraft in Singapore. According to the Competition Commission of Singapore (CCS), the  joint venture “will not substantially lessen competition in any market in Singapore”. The Boeing-SIAEC joint venture will offer maintenance, repair and overhaul services for the… Read more »