Lufthansa Technik Philippines Breaks Ground on New Hangar

Lufthansa Technik Philippines (LTP), the country’s leading provider of maintenance, repair, and overhaul (MRO) services, officially announced the construction of its latest hangar at...

Asian Development Bank Approves $10m Tourism Grant for Tajikistan

The Manila-headquartered Asian Development Bank (ADB) has approved a $10-million grant to help develop tourism in Tajikistan, according to an announcement. The project is ADB’s...

Revolution Precrafted Partners with Boulevard Holdings for Puerto Azul Residential Project

Unicorn startup Revolution Precrafted Inc. has partnered with publicly listed Boulevard Holdings Inc. to develop a new resort and residential complex in Puerto Azul...

World Bank Insures Philippines Against Natural Disaster-related Losses Up to US$225m

The World Bank (International Bank for Reconstruction and Development or IBRD) has issued two tranches of catastrophe-linked bonds (CAT bonds) in order to provide...
BCB Blockchain

Singapore’s BCB Blockchain Commits $300K for Philippine Startups

BCB Blockchain, a Singapore-based technology firm, has committed $300,000 to support incubators and startup accelerators in the Philippines under the Department of Science and...

Singapore Cancer Detection Firm Lucence Raises $20m in IHH-led Series A

Lucence, a genomic medicine company that invents blood-based tests for cancer screening and treatment selection, announced today the close of US$20 million in Series...

SG-listed Yoma To Acquire More Stake in Myanmar’s Wave Money for $6m

Yoma Strategic Holdings, a Singapore-listed, Myanmar-based diversified group, is acquiring a 10-per cent stake in Digital Money Myanmar (Wave Money), operator of the largest...

Singapore’s Far East Orchard Buys 2 UK Student Dorms for $85m

Singapore-listed Far East Orchard Limited has acquired two freehold student accommodation properties in the United Kingdom for approximately S$115.7 million ($85 million), according to...

GE Plans $60m Investment in Existing Global Repair Center in Singapore

GE announced its decision to invest up to $60 million over 10 years in its existing Global Repair Service Center in Singapore.  With the support of...

Singapore’s Life Insurance Industry’s New Premiums Dip to $2.2bn in 9 Mos

Singapore's life insurance industry recorded a total of S$3 billion in weighted new business premiums from January to September of this year, data from...

Hong Kong International Optical Fair opens today

HONG KONG, Nov 6, 2019 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong...

PH Tech Firm Xurpas Acquires US Venture Capital Firm

Philippine-listed technology firm Xurpas Inc. has agreed to acquire Wavemaker Partners US, a venture capital management firm based in Los Angeles. Wavemaker US has been...

Singapore’s GIC Partners with Australia’s Charter Hall to Acquire Sydney Property

Listed Australian property developer Charter Hall has formed a joint venture with Singapore's sovereign wealth fund GIC to acquire the iconic 15-storey Jessie Street...
SM Prime Holdings

SM Prime Holdings Posts 18% Net Income Growth

SM Prime Holdings, one of the largest integrated property developers in Southeast Asia, recorded an 18% growth in its consolidated net income in the...

Singapore-listed ISDN Joins Consortium Building Hydro Power Plant in Cambodia

Singapore-listed industrial automation firm ISDN Holdings Limited (ISDN) has collaborated with Tokyo-listed eREX Co Ltd and Cambodian firm Asia Energy Power Co Ltd to...

Pakistan’s Airlift Secures $12m in Series A Funding

Airlift, a Pakistan-based decentralised mass transit system, announced that it has raised $12 million in its Series A funding round anchored by Uber-backer First...

AboitizPower Solar and Geo Units Earn, Maintain ISO Certifications

AboitizPower subsidiary San Carlos Sun Power Inc (SacaSun) has earned certifications for its compliance to international standards in quality management, environmental management, as well...

Taiwan’s M17 Group Acquires Live Streaming Platform MeMe Live

M17 Group, the Taipei-headquartered social networking entertainment group, has acquired MeMe Live, a live streaming platform that focuses on Asia-Pacific markets. Financial details of the...
IFC

IFC, Partners Lend $450m to Support Major Hydro-Electric Plant in Nepal

IFC, a member of the World Bank Group, and a consortium of other lenders today finalized a $453 million debt financing package that will...
Philippine Stock Exchange

Philippines-listed Suntrust Forays Into Tourism Development

Philippines-listed Suntrust Home Developers Inc (Suntrust), a company that anchors its current business on property management of residential and office buildings. is expanding its...