South-East Asia

A takeover deal for Malaysia Airports Holdings by a consortium making up the nation's sovereign wealth fund Khazanah and BlackRock's. International Facilities Partners has actually been encompassed Jan. 17 from. Jan. 8, stock filing on Monday revealed. The offerors, that include Malaysia's Employees Provident. Fund and the Abu Dhabi Financial Investment Authority, have secured a. 70.08% stake in Malaysia Airports since Monday, versus 40.85%. hung on Dec. 6, 2024, the filing revealed. Another 5.65% stake was moved to the consortium. pending receipt of an approval file as of Monday, it said. The consortium will make a statement on the level...

Empty desks and a calendar marking day of rests after Christmas sit in a South Korean workplace where five colleagues when planned a holiday to Thailand which ended in disaster on Sunday when their return Jeju Air flight crashed. The five female coworkers, who flew to Bangkok to celebrate promotions, were among the 179 individuals eliminated when flight 7C2216 crashed at the Muan International Airport in the deadliest air disaster on South Korean soil. Still in shock at the loss of their co-workers and pals, associates wearing black ribbons sobbed at their desks in the public education workplace on Tuesday,...

Jeon Jeyoung keeps playing the video of the plane with his child and another 180 individuals on board slamming into a wall and bursting into flames at a South Korean airport. His child Mi-sook died on board. He still can't believe it. When I saw the accident video, the aircraft appeared out of control, said 71-year-old Jeon. The pilots most likely had no option however to do it. My child, who is only in her mid-40s, ended up like this. This boggles the mind. Mi-sook was a warm-hearted kid, he stated. She brought some food and next year's calendar to...

Uncertainties surround the deadliest crash on South Korean soil, experts stated on Sunday, questioning initial ideas that a bird strike might have lowered Jeju Air flight 7C2216. The obvious lack of landing gear, the timing of the twin-engine Boeing 737-800's belly-landing at Muan International Airport and the reports of a possible bird strike all raised concerns that could not yet be addressed. The single-aisle aircraft was seen in video broadcast on regional media skidding down the runway with no noticeable landing equipment before knocking into a wall in an explosion of flame and debris. Why didn't fire tenders lay foam...

A takeover bid for Malaysia Airports Holdings by a consortium making up the country's. sovereign wealth fund and BlackRock's International Infrastructure. Partners was deemed as practical for shareholders by the offer's. monetary consultant on Friday. HLIB is of the view that the deal is 'unfair' but. ' reasonable', according to deal adviser Hong Leong Investment. Bank (HLIB). The $4.08 billion offer made by the consortium in May sought. to upgrade facilities and enhance connection and services,. goals that would be much better realized through privatisation,. according to consortium members that likewise include Staff members. Provident Fund of Malaysia and the...

According to sources, French shipping giant CMA CGM wants marine biofuel delivered in Singapore between January 2025 and December 2025. Sources said that the company was one of the largest lifters of marine fuel in Singapore and will be expanding its lifting period next year from a half-year to a full-year. The company is seeking to purchase a volume of between 35,000 and 50,000 metric tonnes of B24, a blend of conventional fuel and 24% biofuel derived from used cooking oil methyl ester (UCOME). Sources added that the tender will close on December 16. In order to achieve the International...

The Maritime and Port Authority of Singapore (MPA) has actually introduced an expression of interest (EOI) to collect proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refuelling, it stated in a. statement on Thursday. The EOI seeks options for sea-based LNG reloading to. enhance existing onshore LNG bunkering storage and jetty. capabilities, in addition to the supply of e-methane or bio-methane as. a marine fuel in Singapore, the world's biggest bunker center. Proposals will be collected on three areas including the. scale-up of sea-based reloading operations, the supply of LNG. options such as melted bio-methane, and...

3 people have passed away and more than 80,000 have been left from floods throughout numerous Malaysian states, the federal government stated on Friday as authorities warned the monsoon season might bring the nation's. worst flooding in a years. Floods are common on the east coast of peninsular Malaysia. during the monsoon period between October and March, but this. week's downpour has caused the mass evacuations, mainly. in the northeastern state of Kelantan that surrounds Thailand. The National Catastrophe Command Centre's website stated as of. Friday morning three people had passed away and 80,589 individuals had been. left to 467...

3 individuals have actually passed away and more than 80,000 have actually been evacuated from floods throughout several Malaysian states, the government said on Friday as authorities warned the monsoon season could bring the country's. worst flooding in a decade. Floods are common on the east coast of peninsular Malaysia. during the monsoon duration between October and March, however this. week's downpour has caused the mass evacuations, primarily. in the northeastern state of Kelantan that surrounds Thailand. The National Catastrophe Command Centre's site said since. Friday morning 3 individuals had passed away and 80,589 individuals had actually been. left to...

Sources said that some global banks may temporarily stop new credit to India's Adani Group, but continue with their existing loans after U.S. prosecutors indicted its billionaire founder Gautam Adani on fraud charges. Eight people, including Adani chairman Gautam Adani have been charged by U.S. prosecutors with paying $265 million to Indian officials in bribes for contracts and to develop India's biggest solar power project. This is the second crisis to affect the conglomerate, founded by Adani 62, who is one of the richest men in the world. Adani Group said that the U.S. government's allegations were "baseless" and "denied"....

Some worldwide banks are thinking about briefly halting fresh credit to India's. Adani Group but staying put with existing loans following U.S. district attorneys' indictment of its billionaire creator Gautam Adani. for scams, sources said. U.S. district attorneys have actually charged 8 people, including Adani. chair Gautam Adani, with agreeing to pay about $265 million in. bribes to Indian federal government authorities to acquire contracts and. establish India's largest solar energy plant project. The crisis is the 2nd in 2 years to hit the. ports-to-power corporation established by Adani, 62, one of the. world's richest individuals. Adani Group has stated...

2 significant Adani Group jobs in Kenya were scuttled after its creator Gautam Adani was prosecuted by U.S. district attorneys over his alleged function in a $265 million bribery scheme accusations that his corporation has actually rejected. Here is a list of the group's major abroad jobs. HAIFA PORT IN ISRAEL Adani Ports, India's largest personal ports operator, owns 70% of Haifa port in northern Israel while Israel's Gadot Group owns the rest. The firms purchased the port in early 2023 for $1.2 billion and the purchase restored hopes of creating a trade entrance connecting the terminal and the more...

According to a letter sighted by us on Monday, the Sudan lifted its near-one-year force majeure for the transportation of crude from South Sudan to an port on the Red Sea. Khartoum declared force majeure last March after the main oil pipeline transporting South Sudanese oil through Sudan to be exported suffered stops linked to the problems caused by the war between Sudan’s army and insurgents Rapid Support Forces. In a letter dated January 4 from Sudan's Ministry of Energy and Petroleum to South Sudan’s Energy Minister, Khartoum announced that it would lift the force majeure due to new security...

Uncertainty surrounds the deadliest airplane crash on South Korean soil, air travel specialists said on Sunday, questioning how much impact a possible bird strike pointed out by authorities might have had in lowering the Jeju Air flight. The apparent absence of landing equipment, the timing of the twin-engine Boeing 737-800's tummy landing at Muan International Airport and the reports of a possible bird strike all raised questions that could not yet be responded to. The single-aisle airplane was seen in video broadcast on local media skidding down the runway without any landing equipment released in the past hitting a wall...

The crash of Jeju Air flight 7C2216 on Sunday marks the deadliest ever on South Korean soil and the worst including a South Korean airline given that a 1997 Korean Air Lines crash in Guam that killed more than 200. The crash of the Boeing 737-800 at Muan International Airport is the very first deadly accident involving the nation's. greatest budget plan airline, which was founded in 2005. Jeju Air. ranks just behind Korean Air Lines and Asiana. Airlines in regards to the number of travelers in South Korea. The previous most lethal air accident in South Korea remained in....

A minimum of 28 individuals were dead on Sunday after an airliner went off the runway and crashed at South Korea's Muan International Airport, Yonhap news agency reported. The mishap took place as the Jeju Air aircraft, carrying 175 passengers and 6 team on a flight from Thailand, was landing at the airport in the south of the nation, the report stated. Two people were found alive as the rescue mission was continuing, according to Yonhap. Authorities were working to rescue individuals in the tail area, an airport authorities told Reuters. Images shared by local media showed smoke and flame...

Russia exported uncommon naphtha and fuel oil cargoes to Indonesia in September as it expands the swimming pool of buyers for its oil products, LSEG data revealed. According to shipping data, tanker Marlin Hestia was loaded with 58,200 metric tons of naphtha in the Russian Black Sea port of Novorossiisk on September, 1. The freight was discharged at Anyer Terminal (Java island) in Indonesia on October, 18. Chandra Asri, which operates a petrochemical complex situated in Banten, didn't react instantly to Reuters request to comment. For the whole of 2023, Indonesia imported from Russia around 220,000 lots of naphtha, in...

Singapore's Energy Market Authority (EMA) said on Tuesday it has approved conditional approval to Sun Cable to import 1.75 gigawatt (GW) of tidy power from Australia. The conditional approval for the task, which is expected to be functional after 2035, recognises the technical and business viablity of the Sun Cable task, the EMA stated. Sun Cable will need to update its proposition to show fulfilment of EMA's necessary conditions precedent before the task can be considered for an award of conditional licence, it said in a declaration. Singapore's power sector currently accounts for 40% of all emissions in the nation,...

Shell said Monday that there had been no impact on operations following an oil spill over the weekend at Shell Energy and Chemicals Park Singapore, on Bukom Island. The leak was stopped. The company released a statement saying that they estimate 30-40 tonnes of slop (a mixture of water and oil) was leaking into the sea. They added that they were working with the relevant authorities on the cleanup effort. Bukom's operations and supply are not affected. Shell's spokesperson stated in an email that the leak is now stopped, and they are cleaning up any oil spilled. Shell Singapore shut...

Subur, the Russian petrochemical company, plans to issue domestic bonds by the end of this year to finance the Amur Gas and Chemical Complex (GCC), said Chief Executive Mikhail Karisalov on Friday. However he did not reveal the size of the bond. Amur Complex in Russia's Far East is a joint-venture with Sinopec, which will start in 2027. It will become one of the largest polyethylene and polypropylene producers in the world. Karisalov told the Eastern Economic Forum, held in the Pacific port city of Vladivostok, that "we are already at an advanced stage" with the preparations for the bond...

Singapore will enable night movement of linetowed container barges to and from Pasir Panjang Terminal, following a fourmonth trial, the Maritime and Port Authority of Singapore (MPA) said in a statement on Wednesday. The most recent measure followed a duration of longer waiting times for vessels for container berths earlier in May and June, when blockage at Singapore, the world's second-largest container port, struck its worst since the COVID-19 pandemic. Night motion was previously permitted just at the Brani and Keppel Terminals, where navigational traffic is less intricate than around Pasir Panjang. This procedure aims to improve connection with local...

Vietnam's state energy EVN said on Wednesday it has actually completed construction of a power transmission line expected to improve power supply to the industrialised northern region, home to factories for several large multinationals. The 519 km (322.5 mile) line from the main province of Quang Binh to Pho Noi power station outside Hanoi is part of Vietnam's efforts to avoid a repeat of power lacks that strike factories and households in northern provinces throughout heatwaves in current years. The $1 billion power line, built in less than a year, is expected to approximately double to around 5 gigawatts the...

CNPC is Asia's largest oil producer and it has reviewed its global strategy to revitalize dealmaking. It will focus on gas liquefaction, deepsea drilling, as well as improving its track record in producing more from aging fields. China National Petroleum Corp. (CNPC) & its listed subsidiary PetroChina are facing stagnant oil production at home, a lack of new projects worldwide to boost reserves and a slowing economy and a surge in EV use eroding domestic demand. However, mounting geopolitical obstacles limit their room for manoeuvre. Lu Ruquan is the director of CNPC’s Economics and Technology Research Institute and is actively...

2 tankers that collided and caught fire near Singapore previously this month are afloat and anchored in Malaysian waters, with an investigation into the occurrence continuous, Malaysia's marine department stated on Tuesday. The Singapore-flagged Hafnia Nile and the Sao Tome and Principe-flagged Ceres I collided and caught fire about 55 km ( 35 miles) northeast of the Singaporean island of Pedra Branca early on July 19. The Hafnia Nile, a Panamax tanker, was bring about 300,000 barrels of naphtha predestined for Japan, according to ship-tracking data from Kpler and LSEG. Naphtha is a raw material for making petrochemicals. The Hafnia...