2013.10
Manila c.bank lets foreign share-issuers get forex for peso proceeds
The Philippine central bank has opened the way for foreign companies that get a listing in Manila to convert their share-sale proceeds into foreign exchange via the banking system.
Ayala Land may challenge SM’s $1.3 bln project bid
Philippines property developer Ayala Land Inc is considering bidding for a Manila Bay land reclamation project that rival SM Land has already offered to take on for $1.3 billion.
Robinsons prices IPO near bottom
Robinsons Retail Holdings Inc priced its initial public offering toward the low end of its range, a person involved with the process said, reflecting a slide in the Philippine stock market yet keeping the deal on track for a record listing.
Vietnam to double refining capacity
Vietnam will more than double its refining capacity in the next four years with construction starting on Wednesday for a second plant, as rapid economic expansion in the southeast Asian nation boosts fuel demand.
DanaInfra to issue 100 mln ringgit retail sukuk
Malaysia’s DanaInfra Nasional Bhd, a unit created by the finance ministry to raise funds for the country’s most ambitious infrastructure project, will issue a second Islamic bond, or sukuk, of 100 million ringgit ($31.75 million) later this month.
Newfield to exit Malaysia in $898 mln deal
Newfield Exploration Co said it would sell its interests in Malaysia for $898 million as part of its plan to concentrate on its assets in the United States.
SGX to develop commodity products with Shanghai Futures
Singapore Exchange Ltd (SGX) , the city-state’s bourse operator, is to develop commodity derivatives with the Shanghai Futures Exchange for both markets, the SGX said on Monday.
China extends $8.2 bln RMB scheme to Singapore
China will extend its prized offshore renminbi investment scheme to Singapore, the Monetary Authority of Singapore (MAS) said on Tuesday, as Beijing internationalises its yuan currency in the Asia-Pacific region and beyond.
Singapore firm ‘barred from U.S. contracts over bribery’
A Singapore-based company involved in a U.S. Navy bribery scandal has been barred from doing business with the federal government and has had nine Navy contracts worth $205 million (127 million pounds) terminated for cause, a Navy official said on Mond…
China’s top graft buster urges ‘shock and awe’ for offenders
China’s top official battling deeply-ingrained corruption warned staff on Wednesday their jobs were on the line if they failed to root out abuses, telling them to “shock and awe” their targets.