Monthly Archives: October 2013

Singapore : New alliance launched to nurture business leaders

The Singapore Business Federation (SBF) along with five partners set up the Young Business Leaders Alliance – a new platform to support up and coming entrepreneurs. The five partners are the Business Leaders Alumni Club; three Young Entrepreneurs Network from … Continue reading

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Japan’s NTT buys US cloud computing firms for US$875m

NTT Communications said Monday it would pay a combined US$875 million for two US-based cloud computing firms, marking the latest major overseas acquisition by a Japanese firm. The telecoms giant said it had agreed to buy Virtela for US$525 million, … Continue reading

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Malaysian ringgit on a high after budget announcement

The Malaysian ringgit climbed the highest in four months on Monday, after closing at a record high last Friday, when the government announced a 2014 budget that has been widely received as fiscally responsible. The Malaysian government’s move to tackle … Continue reading

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Chinese oil firms join Euro giants to win Brazil auction

China’s CNOOC and CNPC, Anglo-Dutch giant Royal Dutch Shell and France’s Total won an auction on Monday to join Brazilian state operator Petrobras in developing the huge “Libra” Atlantic oilfield. The five energy firms won 35-year concessions, with Petrobras taking … Continue reading

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Myanmar-to-China gas pipeline fully open

A pipeline pumping natural gas from Myanmar to energy-hungry China has gone fully operational, state-run Chinese media said on Monday. The project, stretching more than 2,500 kilometres from western Myanmar to southwest China, will help the world’s second-largest economy feed its … Continue reading

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Tata Steel to supply Britain’s rail network for 5 more years

India’s Tata Steel, one of the world’s biggest steelmakers, announced on Monday it has won a contract to supply rail track to Britain’s railway infrastructure operator Network Rail for at least five more years. Mumbai-based Tata Steel said in a … Continue reading

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Blackstone sets sight on Asian expansion

Global asset manager Blackstone is intent on expanding its business in Asia. With over US$248 billion assets under management, the firm opened its first Singapore office on Monday at Marina Bay Financial Centre. Citing Singapore as a “critical hub” for … Continue reading

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