MALAYSIAN PHARMACEUTICAL FIRM TO BUILD FACTORY IN VIETNAM
Hanoi (ANTARA News/Asia Pulse) - Malaysian pharmaceutical firm YSP has allocated US$12 million to set up a new facility in Vietnam, according to YSP president and managing director Frank Lee Fang Hsin.
He said his company would do business in Vietnam for a long time.
Initially, YSP would allocate US$12 million for the land, building and working capital, he said, adding that construction of the new facility would start late this year and be completed in 2010.
In the region, YSP's medicine sales network is seen in Singapore, Vietnam, Myanmar, the Philippines, Thailand, Cambodia and Indonesia.
ANZON AUSTRALIA SHARES JUMP ON ROC OIL TAKEOVER
Melobourne (ANTARA News/Asia Pulse) - Anzon Australia Ltd (ASX:AZA) shares jumped by more than 16 per cent today after the Roc Oil Company Ltd (ASX:ROC) launched a $A612 million ($US574.55 million) takeover for the group.
Oil producer Roc is offering 0.792 shares plus five cents cash for every Anzon share, valuing Anzon's stock at $1.65 each, based on Roc's previous closing price of $2.02.
Roc's acquisition of Anzon would add the Basker-Manta-Gummy joint venture in Bass Strait to its production base, which includes output from assets in Western Australia, China, Africa and the North Sea. Roc and Anzon's largest shareholder, the UK-based Anzon Energy Ltd, have also separately agreed to a merger via a scheme of arrangement.
SHANGHAI'S SPD BANK PARTNERS WITH BEIJING'S JIUDING CAPITAL
Beijng (ANTARA News/Asia Pulse) - The Shanghai Pudong Development Bank (SPDB) (SSX:600000) has developed a comprehensive strategic partnership with Beijing Huida Jiuding Investment & Management (Jiuding Capital).
It is the first bank in China to set up a long-term cooperation relationship with an equity investment company.
Jiuding Capital focuses on private equity investment, with its business ranging from early expansion stage to pre-IPO stage companies.
NEWLY-MERGED UK GROUP BUPA NAMES SYDNEY AS ASIA-PACIFIC HQ
Sydney (ANTARA News/Asia Pulse) - Newly-merged private health insurer MBF and British group Bupa have named Sydney as its Asia-Pacific headquarters in a bid to show Australia's importance in the group's operations.
Bupa's new headquarters will support the company's growing operations in Australia, Hong Kong and Thailand, Bupa said at a media briefing in Sydney.
Bupa managing director for Asia-Pacific, Dean Holden, said the decision reflected the importance of Australia, and the region, to the group's business.
VIETNAM'S EVN JOINS IN LINK-UP TO INTRA-ASIAN UNDERWATER CABLE
Hanoi (ANTARA News/Asia Pulse) - EVN Telecom will spend around US$30 million to connect to an Intra Asia submarine optical cable system, the firm announced on Thursday.
The entire regional project will cost around US$200 million, under the operation of the international company Tata Communications Group.
The optical cable has an initial capacity of 320 Gigabytes per second.
The cable connects base transceiver stations of various nations, including Singapore, Hong Kong, Japan, Vietnam and some places in the US.
AUSTRALIA'S CLOUGH WINS US$20 MLN CONTRACT FROM CHEVRON THAILAND
Perth (ANTARA News/Asia Pulse) - Australia's Clough Ltd has been awarded a $US20 million ($A21.33 million) contract by Chevron Offshore (Thailand) and Chevron Thailand Exploration and Production Ltd.
The contract is for the installation of 11 subsea pipelines in the Gulf of Thailand as part of Chevron's 2008 installation campaign.
The pipelines will total 70km in length and will be in water depths of about 70 metres. Offshore works are expected to commence late July this year and be complete by early November 2008.
TELEKOM MALAYSIA PICKS UP EXTRA 15PCT IN IDEA CELLULAR
New Delhi (ANTARA News/Asia Pulse) - Telekom Malaysia (KLSE:TLMM) is understood to have picked up a little less than 15 per cent stake in Aditya Birla (BSE:ABIRLANUV) group company Idea Cellular (BSE:532822) at a price of Rs 158 ($US3.68) a share through a preferential offer, paying above $US2 billion for the acquisition.
This values the Birla company over $US10 billion. The preferential offer has been made to Telekom Malasyia at a substantial premium to the current market price of Idea Cellular.
KULOB PETROLEUM LTD TO DEVELOP GAS, OIL FIELDS IN TAJIKISTAN
Dushanbe, Tajikistan (ANTARA News/Asia Pulse) - Tajikistan's Ministry of Energy and Industries (MoEI) and the company Kulob Petroleum Limited (Kulob Petroleum LTD) signed an agreement on division of products in Dushanbe on June 13.
The agreement is aimed at cooperation in exploring and developing fields in southwest Tajikistan.
Speaking to reporters after the agreement-signing ceremony, Energy and Industries Minister Gul Sherali said that under the agreement Kulob Petroleum LTD had been granted licenses for 56 gas and oil fields in Tajikistan, including five gas fields such as Khoja Sartez, Uzunahor, Pushiyon and South Pushiyon.
WORLD BANK APPROVES GRANT FOR AFGHAN IRRIGATION INFRASTRUCTURE
Kabul (ANTARA News/Asia Pulse) - The World Bank has approved an additional grant of $US28 million to continue supporting the Afghan government's effort to restore irrigated agricultural production in rural areas.
The additional financing to the Emergency Irrigation Rehabilitation Project is designed to provide reliable water supplies to rehabilitated traditional irrigation schemes, in order to increase irrigated areas and to boost agricultural production in rehabilitated schemes.
PETRONAS GAS TO CONSIDER 300MW POWER PLANT PROJECT IN SABAH
Kuala lumpur (ANTARA News/Asia Pulse) - Petronas Gas Berhad (KLSE:5681) has teamed up with Yayasan Sabah to explore the possibility of developing a 300MW gas power power project in the East Malaysian state of Sabah.
The proposed development of the power plant in the district of Kimanis will capitalise on the availability of the availability of the gas resulting from the development of the Sabah Sarawak Integrated Oil and Gas Projects (SSIOGP) as well as to meet the growing demand for electricity requirements in Sabah, the subsidiary of state-run oil firm Petronas said in a statement to Bursa Malaysia on June 13.
Source:
Business in Asia Today - JUNE 16, 2008
published by Asia Pulse
COPYRIGHT © 2008
Hanoi (ANTARA News/Asia Pulse) - Malaysian pharmaceutical firm YSP has allocated US$12 million to set up a new facility in Vietnam, according to YSP president and managing director Frank Lee Fang Hsin.
He said his company would do business in Vietnam for a long time.
Initially, YSP would allocate US$12 million for the land, building and working capital, he said, adding that construction of the new facility would start late this year and be completed in 2010.
In the region, YSP's medicine sales network is seen in Singapore, Vietnam, Myanmar, the Philippines, Thailand, Cambodia and Indonesia.
ANZON AUSTRALIA SHARES JUMP ON ROC OIL TAKEOVER
Melobourne (ANTARA News/Asia Pulse) - Anzon Australia Ltd (ASX:AZA) shares jumped by more than 16 per cent today after the Roc Oil Company Ltd (ASX:ROC) launched a $A612 million ($US574.55 million) takeover for the group.
Oil producer Roc is offering 0.792 shares plus five cents cash for every Anzon share, valuing Anzon's stock at $1.65 each, based on Roc's previous closing price of $2.02.
Roc's acquisition of Anzon would add the Basker-Manta-Gummy joint venture in Bass Strait to its production base, which includes output from assets in Western Australia, China, Africa and the North Sea. Roc and Anzon's largest shareholder, the UK-based Anzon Energy Ltd, have also separately agreed to a merger via a scheme of arrangement.
SHANGHAI'S SPD BANK PARTNERS WITH BEIJING'S JIUDING CAPITAL
Beijng (ANTARA News/Asia Pulse) - The Shanghai Pudong Development Bank (SPDB) (SSX:600000) has developed a comprehensive strategic partnership with Beijing Huida Jiuding Investment & Management (Jiuding Capital).
It is the first bank in China to set up a long-term cooperation relationship with an equity investment company.
Jiuding Capital focuses on private equity investment, with its business ranging from early expansion stage to pre-IPO stage companies.
NEWLY-MERGED UK GROUP BUPA NAMES SYDNEY AS ASIA-PACIFIC HQ
Sydney (ANTARA News/Asia Pulse) - Newly-merged private health insurer MBF and British group Bupa have named Sydney as its Asia-Pacific headquarters in a bid to show Australia's importance in the group's operations.
Bupa's new headquarters will support the company's growing operations in Australia, Hong Kong and Thailand, Bupa said at a media briefing in Sydney.
Bupa managing director for Asia-Pacific, Dean Holden, said the decision reflected the importance of Australia, and the region, to the group's business.
VIETNAM'S EVN JOINS IN LINK-UP TO INTRA-ASIAN UNDERWATER CABLE
Hanoi (ANTARA News/Asia Pulse) - EVN Telecom will spend around US$30 million to connect to an Intra Asia submarine optical cable system, the firm announced on Thursday.
The entire regional project will cost around US$200 million, under the operation of the international company Tata Communications Group.
The optical cable has an initial capacity of 320 Gigabytes per second.
The cable connects base transceiver stations of various nations, including Singapore, Hong Kong, Japan, Vietnam and some places in the US.
AUSTRALIA'S CLOUGH WINS US$20 MLN CONTRACT FROM CHEVRON THAILAND
Perth (ANTARA News/Asia Pulse) - Australia's Clough Ltd has been awarded a $US20 million ($A21.33 million) contract by Chevron Offshore (Thailand) and Chevron Thailand Exploration and Production Ltd.
The contract is for the installation of 11 subsea pipelines in the Gulf of Thailand as part of Chevron's 2008 installation campaign.
The pipelines will total 70km in length and will be in water depths of about 70 metres. Offshore works are expected to commence late July this year and be complete by early November 2008.
TELEKOM MALAYSIA PICKS UP EXTRA 15PCT IN IDEA CELLULAR
New Delhi (ANTARA News/Asia Pulse) - Telekom Malaysia (KLSE:TLMM) is understood to have picked up a little less than 15 per cent stake in Aditya Birla (BSE:ABIRLANUV) group company Idea Cellular (BSE:532822) at a price of Rs 158 ($US3.68) a share through a preferential offer, paying above $US2 billion for the acquisition.
This values the Birla company over $US10 billion. The preferential offer has been made to Telekom Malasyia at a substantial premium to the current market price of Idea Cellular.
KULOB PETROLEUM LTD TO DEVELOP GAS, OIL FIELDS IN TAJIKISTAN
Dushanbe, Tajikistan (ANTARA News/Asia Pulse) - Tajikistan's Ministry of Energy and Industries (MoEI) and the company Kulob Petroleum Limited (Kulob Petroleum LTD) signed an agreement on division of products in Dushanbe on June 13.
The agreement is aimed at cooperation in exploring and developing fields in southwest Tajikistan.
Speaking to reporters after the agreement-signing ceremony, Energy and Industries Minister Gul Sherali said that under the agreement Kulob Petroleum LTD had been granted licenses for 56 gas and oil fields in Tajikistan, including five gas fields such as Khoja Sartez, Uzunahor, Pushiyon and South Pushiyon.
WORLD BANK APPROVES GRANT FOR AFGHAN IRRIGATION INFRASTRUCTURE
Kabul (ANTARA News/Asia Pulse) - The World Bank has approved an additional grant of $US28 million to continue supporting the Afghan government's effort to restore irrigated agricultural production in rural areas.
The additional financing to the Emergency Irrigation Rehabilitation Project is designed to provide reliable water supplies to rehabilitated traditional irrigation schemes, in order to increase irrigated areas and to boost agricultural production in rehabilitated schemes.
PETRONAS GAS TO CONSIDER 300MW POWER PLANT PROJECT IN SABAH
Kuala lumpur (ANTARA News/Asia Pulse) - Petronas Gas Berhad (KLSE:5681) has teamed up with Yayasan Sabah to explore the possibility of developing a 300MW gas power power project in the East Malaysian state of Sabah.
The proposed development of the power plant in the district of Kimanis will capitalise on the availability of the availability of the gas resulting from the development of the Sabah Sarawak Integrated Oil and Gas Projects (SSIOGP) as well as to meet the growing demand for electricity requirements in Sabah, the subsidiary of state-run oil firm Petronas said in a statement to Bursa Malaysia on June 13.
Source:
Business in Asia Today - JUNE 16, 2008
published by Asia Pulse
COPYRIGHT © 2008
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