Malaysia’s biggest port considers new investors for $11 billion expansion
The company is also looking at a dividend reinvestment plan and borrowing to help fund the expansion of the facility in Klang.
Big Picture
Hong Kong issues the world’s first multi-currency digital green bond
The two-year digital green bonds were offered in Hong Kong dollars, renminbi, US dollars and euros under the Government Green Bond Programme. The launch comes as part of efforts…
Samsung Biologics, LegoChem team up to develop new targeted cancer drugs
LegoChem Biosciences, founded in 2006, specializes in research and development capabilities in therapeutics, especially with a focus on ADC technology and synthetic drugs.
China’s regulation to control carbon trading unveiled
Carbon trading allows companies to buy and sell permission to release a specific amount of carbon dioxide, helping them manage emissions better and encouraging efforts to reduce…
China’s trade in services making inroads to world
Acceleration of the global value chain's restructuring has already led to an increased prominence of services segments, such as innovation, finance, logistics, marketing and…
Seoul unveils plan for world’s largest ‘vertical’ business district in Yongsan
The district will be reborn as a "Compact City" with urban areas that combine multiple functions such as work, leisure and housing within walking distance. Construction will begin…
Indonesian businesses expect muted recovery after 2023 tourism rebound
The 2023 tourism figure was nearly double the 5.9 million visits recorded in the year before, marking a continued recovery after a pandemic-induced nadir of 1.7 million visits in…
North-eastern region of India will mirror South-east Asia’s development: PM Modi
Addressing a public rally, PM Modi said that the rapid development of the region will result in increased trade, cultural connection between the region and South East Asian…
EU deforestation regulation may put Indonesia’s rubber industry in jeopardy
Southeast Asia’s largest economy exported 2.08 million tonnes of rubber in 2022, with exports to EU countries recorded at 300,000 tonnes, or around 14 per cent of the total.
Red Sea conflict impacting shipping lanes, costs rising
An industry expert said that there was no predicting when costs would fall again, with the Red Sea conflict continuing unabated, and warned that it is likely shipping fees will…