Skip to main content
Thai charter drafters say they accept some contentious junta points

BY Reuters |

Thailand's constitution drafters said they had accepted proposals from the ruling junta that critics say are designed to prolong the military's hold on power.
Vietcombank plans $510 mln stock issue to foreign investors

BY Reuters |

Vietcombank, Vietnam's top lender by market value, plans to issue new shares to foreign investors, equivalent to 10 percent of existing stock and worth an estimated $510 million, aiming to meet capital requirements.
Indian court extends relief to pharma firms in drug ban case

BY Reuters |

An Indian court restrained the government from enforcing a ban on hundreds of drugs for another week until it has heard petitions from drugmakers challenging the order, a lawyer representing some of the firms said.
StanChart PE arm, Goldman invest $28 million in Vietnam fintech startup

BY Reuters |

A private-equity arm of Standard Chartered Plc and Goldman Sachs have invested a combined $28 million in Vietnamese startup M_Service, the operator of mobile e-wallet MoMo, the companies said in a joint statement.
Tower firms eye Zain's assets in Kuwait, Saudi

BY Reuters |

Kuwaiti telecoms group Zain is narrowing the field of potential bidders for its mobile transmitter towers in Kuwait and Saudi Arabia, sources familiar with the matter told Reuters.
Bahrain's bourse sets up REITs market

BY Reuters |

Bahrain's stock exchange has established a market for real estate investment trusts (REITs), it said.
Dubai's Meydan gets $476 mln in bank financing for projects

BY Reuters |

Dubai's Meydan Group has signed a deal to obtain $476 million of financing from Qatar National Bank (QNB) and QNB's United Arab Emirates affiliate Commercial Bank International, Meydan said.
Kuwait Airways seen facing last chance to find its wings

BY Reuters |

Kuwait Airways' overhaul may be management's last chance to save it, as the slump in oil prices means the government cannot go on funding its losses at a time when it is struggling even to pay public sector salaries, industry experts say.
UAE's Arabtec says to build $300 mln tower project in Dubai

BY Reuters |

Arabtec Holding, the Dubai-listed construction company, said it had been awarded a contract to build a 1.1 billion dirham ($300 million) twin-towers project in central Dubai.
Philippine frontrunner favors easing foreign ownership in media, utilities

BY Reuters |

Grace Poe, frontrunner in the Philippines' presidential election campaign, said on Wednesday she favored relaxing restrictions on foreign ownership in utilities and media as part of changes she would introduce in the constitution.