4:20 am - Monday January 26, 2015

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petrol shortage

Pakistan faces major fuel shortage across country

Prime Minister of Pakistan Nawaz Sharif has withdrawn from the World Economic Forum meeting in Switzerland to handle the fuel shortage in Pakistan. Reports say that most of the petrol stations in some of the major cities in Pakistan have been...
singapore transport

Singapore likely to face fare reduction due to fuel price cut

Singapore witnessed a drop in prices of fuel in 2014 and it is expected that the price cut can lead to a reduction of transport fares in the next fare revision by the end of 2015. Transport Minister Lui Tuck Yew in Parliament on January 19,...
Zomato valuation_funds raised 2014

India’s Zomato raises $60 million from three investors

Zomato, online restaurant guide, valued at $660 million after infusion of funds. In a new round of funding, Indian restaurant discovery service Zomato has raised $60 million from its three investors – Vy Capital, Info Edge and Sequoia...
samsung electronics Q3 profits fall 2014

Samsung Electronics’ Q3 profit falls to lowest in three years

Smartphone maker Samsung Electronics’ Q3 profit plunges by 60 percent. Slowing smartphone sales have led Samsung Electronics to clock a quarterly profit said to be the lowest in three years. Preliminary estimates by the South-Korean giant...
Indonesia set to build 165 airports_Soekarno-Hatta plans

Indonesia set to build 165 airports in 2015

Government of Indonesia set to build 165 airports across the country by next year. Indonesia is set to build 165 airports by 2015, as the government has kept aside $507.36 million to finance their construction in cities across the country....
Malaysian banks merger CIMB RHB MSBS

Malaysian banks CIMB, RHB, MBSB submit merger plans

Three Malaysian banks CIMB, RHB, MBSB’s joint proposal to merge to central bank BNM. Malaysian banks CIMB Group Holdings, RHB Capital and Malaysia Building Society Bhd (MBSB) have agreed on a deal to merge, forming the country’s...
central-bank-myanmar singapore banks

Singapore banks to get approval for operation in Myanmar

Two Singapore banks have received preliminary approval for foreign bank licenses to operate in Myanmar. Oversea-Chinese Banking Corporation (OCBC Bank) and United Overseas Bank (UOB) are two Singapore Banks out of nine foreign banks that...
South korea budget 2015

South Korea plans record budget for 2015

South Korea to spend $363 billion in 2015 to counter economic crisis. In order to cushion South Korean economy from the global economic crisis and slump in domestic demand, the country has planned to spend $363 billion in 2015, as per a statement...
Malaysian Battersea consortium funding

Malaysian Battersea consortium gets £1.35 billion financing

The Malaysian Battersea consortium has so far secured loans amounting to £2.09 billion. In order to redevelop the 50 billion Malaysian Ringgit Battersea Power Station (BPS) project in London, the Malaysian Battersea consortium has obtained...
MDG : Brics leaders at Brazil summit

Bangladesh to join $50 billion BRICS Bank

Post prime minister’s go ahead, Bangladesh to join $50 billion BRICS Bank. Bangladesh has expressed its willingness to join the $50 billion BRICS Bank in an announcement made by the country’s finance minister, AMA Muhith, on August...