By Vincencia NLS
The Indonesia government has set a target of raising a total of Rp532.4 trillion ($43.86 billion) by way of bond issuance in 2016 to support its Budget plans, according to a senior official. The bond issues will be in multiple currency denomination such as US dollar, euro, yen and China’s renminbi… Read more »
Green energy property company Italpinas Development Corp raised $4.4 million (P207.5 million) at its debut in the Philippine Stock Exchange on Monday and revealed plans of venturing into office development and tourism related projects.
India’s capital markets regulator is likely to set strict compliance norms for investors looking to purchase or trade in shares of exchanges. This could mean that individual investors, even after declaring themselves fit and proper at the time of investment, would be scrutinized by Securities and Exchange Board of India… Read more »
Chinese coal miner and pig iron producer Sichuan Shengda Group Ltd said on Monday that it has not been able to make full payments on time to bond holders. The privately-owned company issued 300 million yuan ($46.83 million) worth of bonds on Dec. 5, 2012, giving investors the option to… Read more »
Tata Sons, the promoters of the $134-billion Tata group, will increase its stake in jewellery and watch retailer Titan Company Ltd, it said in a stock market filing. Tata Sons will raise its holding by 0.22 per cent for an estimated Rs 66 crore ($9.9 million) from Tata International, as… Read more »
SGX-listed Yoma affliate FMI likely to become first publicly-traded stock on new Yangon Exchange this weekBy Juliet Shwe Gaung
Diversified conglomerate First Myanmar Investment Company (FMI), owned by Serge Pun, who also chairs Singapore SGX Mainboard-listed Yoma Strategic Holding Ltd, could be on its way to become the first publicly-traded stock on the Yangon Stock Exchange, which is expected to go live on December 9, according to a report… Read more »
Qatar First Bank (QFB) plans to list its shares on the Qatar exchange as early as the first quarter of 2016, the chairman of the sharia-compliant financial institution said on Sunday. “We hope by the end of the first quarter of next year that we will be ready to list…. Read more »
Both the companies expect to close more deals, foresee brighter prospects for Thai economy and target surging revenue in 2016.
China is ready to announce plans for its migration to a U.S.-style registration system for initial public offerings (IPOs) as early as next week, two sources with direct knowledge told Reuters on Friday. The China Securities Regulatory Commission (CSRC) began speaking of moving away from its current approval-based system –… Read more »
Reserve Bank wants them to lower foreign ownership to 49% within the 18 months they have to launch the banks.