China’s Xi backs Fijian PM’s ‘ocean of peace’ plan ahead of regional meeting
Xi praised Rabuka’s vision of a peaceful, cooperative Pacific region and reaffirmed China’s commitment to strengthening its ties with Fiji.
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Businesses applaud appointment of Rosan Roeslani as investment minister
Roeslani, who replaces Bahlil Lahadalia, is widely recognized for his expertise in finance and investment, having previously served as Indonesia’s Ambassador to the United States and Deputy Minister of State-Owned Enterprises (SOEs).
ESG investment surges in Japan amid global stagnation
Japan's Ministry of Finance, ESG-related investments have surged by 25% this year, compared to a modest 5% increase in global markets.
Toyotetsu India to invest rs 450 crore for new plant in Bidadi, boosting Karnataka’s industrial growth
The investment by Toyotetsu India is part of a larger package of approvals given by the Karnataka Single Window Clearance Committee (SLSWCC) on August 17. The committee, chaired by Karnataka Minister for Large, Medium Industries, and Infrastructure, MB Patil, approved a total of 20 projects amounting to Rs 2,280.52 crore.
Qatar and Australia explore enhanced cooperation in trade, security, and cultural exchange
The conversation focused on the shared interests of Qatar and Australia in promoting international cooperation, with particular attention to fostering stronger economic ties. Both ministers expressed their optimism about the potential for increased trade and investment opportunities, particularly in sectors where the two nations have complementary strengths.
Japanese and South Korean companies set to invest in Indonesia’s new capital Nusantara
Minister Lahadalia confirmed that leading companies from Japan and South Korea have committed to substantial investments in various sectors crucial to Nusantara’s development. These investments are expected to accelerate progress on infrastructure, technology, and sustainable urban planning, aligning with the Indonesian government’s vision for a modern, eco-friendly capital
China Evergrande’s liquidators seek investor participation amid financial crisis
The liquidators of China Evergrande have called for investors to join efforts to restructure the company or its components. This appeal is part of an ongoing liquidation process after Evergrande failed to manage its significant offshore debt.
Ola Electric Mobility shares surge on debut, hit 20% upper circuit
Ola Electric Mobility’s IPO saw a strong debut, with shares hitting the 20% upper circuit limit and closing at Rs 91.18, a significant rise from the issue price of Rs 76. The issue was oversubscribed 4.27 times, raising Rs 6,146 crore.
Blackstone Sponsor Group to sell 21.8% stake in real estate investment trust (REIT) via rs 4,455-crore block deals
Last year, Blackstone sold its entire 23.5 percent stake in Embassy Office Parks REIT for around Rs 7,100 crore, with major buyers including Capital Group and ICICI Prudential MF. The latest move to sell 21.8 percent of REIT units is part of Blackstone’s ongoing portfolio rebalancing in the Indian real estate market.
Nepal and Oman pledge to enhance bilateral cooperation and strengthen diplomatic ties
The meeting concluded with both sides expressing optimism about the future of Nepal-Oman relations. They agreed to explore new areas of cooperation and to work closely together on regional and international platforms.
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