South-East Asia

A takeover offer for Malaysia Airports Holdings by a consortium consisting of the country's sovereign wealth fund and BlackRock has been extended for a third time this month to Feb. 4, a stock market filing on Monday revealed. The consortium, consisting of Malaysia's sovereign wealth fund Khazanah and BlackRock's Global Infrastructure Partners, has now secured an additional 45.63% stake as of Jan. 17, the filing revealed, bringing their overall control to 86.51%. The consortium also decreased the acceptance condition to at least 85%, and continued to provide 11 ringgit per share to purchase all remaining shares, offering the airport operator...

A takeover offer for Malaysia Airports Holdings by a consortium consisting of the country's sovereign wealth fund and BlackRock has actually been extended for a third time this month to Feb. 4, a stock market filing on Monday revealed. The consortium, including Malaysia's sovereign wealth fund Khazanah and BlackRock's International Infrastructure Partners, has now secured an extra 45.63% stake since Jan. 17, the filing showed, bringing their overall control to 86.51%. The offerors likewise reduced the acceptance condition to at least 85%, and continued to provide 11 ringgit per share to purchase all remaining shares, offering the airports operator an...

Swiss chocolate maker Barry Callebaut and Singaporebased food group Olam have been buying fewer cocoa beans from Ivory Coast because midDecember after an increase in port costs at Abidjan and San Pedro, industry sources said on Thursday. 7 cocoa purchasers based in the regions of Soubre, San Pedro, Duékoué and Meagui informed Reuters they are charging exporters, including smaller operators, more than an authorities cap in order to benefit from an increase in international cocoa rates towards record levels. We have actually needed to decrease our cocoa purchases in the bush because mid-December due to the fact that of price...

A takeover offer for Malaysia Airports by a consortium comprising the country's. sovereign wealth fund and BlackRock has actually been extended once again to. Jan. 24, a stock market filing on Wednesday showed. Previously this month, the offer was extended to Jan. 17. The offerors have actually now protected an extra 44.92% stake as. of Jan. 15, the filing revealed, bringing their overall control to. 85.77%, after they had actually currently accumulated a 40.85% stake since. early Dec. 2024. In May 2024, the consortium consisting of Malaysia's sovereign. wealth fund Khazanah and BlackRock's International Infrastructure. Partners offered to acquire all...

Marine fuel sales reached fresh highs at the world's biggest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels. Sales amounted to 54.92 million metric loads in 2023, information from the Maritime and Port Authority of Singapore (MPA) showed. Total sales went beyond a previous record of 51.82 million tons in 2023. Container throughput reached 41.12 million twenty-foot equivalent units (TEUs) in 2024, likewise logging brand-new highs. On the other hand, annual vessel arrival tonnage grew to a fresh record of 3.11 billion gross lots (GT)....

Russian aluminium stocks in London Metal Exchange warehouses readily available to the marketplace fell 11% in December from November, LME data revealed, as traders and consumers wanted to avoid lines for Indian metal in Port Klang, Malaysia. The aluminium stored in LME signed up storage facilities in Port Klang is primarily of Indian origin and is wanted by Western customers, much of which have refused to purchase metal produced in Russia, after it attacked Ukraine almost three years back. Readily available aluminium stocks of Russian origin or those that are on warrant reached 163,450 metric tons at the end-December, which...

Kilang Pertamina Internasional, refinery unit of Indonesia's state owned energy company Pertamina, aims to produce its very first certified sustainable air travel fuel (SAF) in the very first quarter of this year, the company said on Thursday. The company received certification for SAF in December including the International Sustainability Carbon Accreditation( ISCC) Carbon Balancing Out and Decrease Plan for International Air Travel (CORSIA) and ISCC Europe Union (EU). accreditation. It will produce SAF using the dealt with extract hydro. dealing with unit at its Cilacap refinery. KPI is ready to progress by producing the very first. ISCC-certified Pertamina SAF in...

A consortium consisting of Malaysia's sovereign wealth fund Khazanah and BlackRock's Global Facilities Partners that used to take over Malaysia Airports Holdings stated late on Wednesday it had secured an 84.1% stake of the company. The consortium, which includes Malaysia's Staff members Provident Fund and the Abu Dhabi Investment Authority, said it had reached the level as of Wednesday, moving it decisively towards the 90% limit to de-list Malaysia Airports. A stock filing on Monday revealed the deal had been extended to Jan. 17 from Wednesday. The consortium announced in May in 2015 a deal to get all shares in...

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...

Indonesia will rely more on personal financiers for its organized 71 gigawatt expansion in power capacity over the next years, with the government to focus on transmission for eco-friendly generation, the nation's energy minister stated on Monday. Bahlil Lahadalia said state energy Perusahaan Listrik Negara's (PLN) 2025-2034 power supply strategy will include 71 GW of brand-new power capacity and 48,000 circuit-km of transmission lines, which is comparable to 8,000 km (4,971 miles) straight line. Some 60% of the prepared brand-new power plants will be offered to the economic sector, he said at an occasion marking the launch of 26 power...

South Sudan aims to resume oil production at its Blocks 3 and 7 on January 8 with preliminary output of 90,000 barrels each day, Petroleum Minister Puot Kang Chol stated on Tuesday. South Sudan's economy has actually been under pressure in recent years in the middle of common violence while essential petroleum export income has been injured by export disturbances due to war in Sudan. Over the weekend, Sudan raised a nearly year-long force majeure on the transport of crude oil from its neighbour South Sudan to a port on the Red Sea after security conditions improved. The government has...

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...