Brunei Financial News

22.10 / 13:03

Twitter BLOCK Waters Platform Rust country exclusive China, Philippines trade accusations over South China Sea clash

BEIJING/MANILA (Reuters) -China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there on Sunday in the latest of a series of maritime confrontations.

17.10 / 05:55

Provident track country Department Canada forges agreement to help Philippines track illegal fishing vessels using satellite technology

Filipino officials say Canada will help the Philippines detect illegal fishing with its satellite surveillance system under a new agreement

11.10 / 22:53

UPS Provident Progressive Southern Chinese carmaker Geely and Malaysia's Proton consider EV plant in Thailand, Thai prime minister says

Thailand's prime minister says Malaysia’s national carmaker Proton and its Chinese partner Geely are considering setting up a plant in Thailand to produce electric vehicles

29.09 / 01:29

UPS Provident MAIL Aware Enterprise Healthcare hospital Temasek to shed 8-9% in Manipal Hospitals to sovereign wealth funds

Temasek is paring its holding in Manipal Hospitals six months after it bought a controlling stake, but the Singapore sovereign wealth fund (SWF) will continue to hold 51% in the hospital chain, people aware of the development said. Temasek-owned Sheares Health is in advanced negotiations to sell 8-9% in Manipal Health Enterprises to Abu Dhabi fund Mubadala and Brunei Investment Authority (BIA), another SWF, at an enterprise valuation of $5 billion, or about ₹40,000 crore, they said. The valuation is the same as when Temasek acquired an additional 41% to take its holding in the Bengaluru-headquartered hospital chain to 59%.

28.09 / 19:15

Booking WhatsApp hospital reports stake Mubadala, Brunei may pick stake in Manipal Health

₹16,400 crore in one of the largest hospital deals in India. At the time, investor TPG sold half of its stake while India’s National Investment and Infrastructure Fund sold its entire 8% stake, valuing Manipal at around ₹40,000 crore ($4.88 billion).

28.09 / 14:49

UPS Citi Align Enterprise Healthcare hospital Mubadala, Brunei’s Sovereign Wealth Fund look to pick up a slice of Manipal Hospitals

Temasek is paring part of its controlling stake in Manipal Hospitals six months after it doubling down in the Bangalore headquartered hospital chain. Temasek owned Sheares Health, is in advanced negotiations to sell 8-9% of its 59% interest in Manipal Health Enterprises to Abu Dhabi' fund Mubadala and the sovereign wealth fund of Brunei, Brunei Investment Authority (BIA), said people in the know.

27.09 / 19:59

COST UPS Experts country reports gatherings Climate change and the shift to cleaner energy push Southeast Asia to finally start sharing power

The urgency for Southeast Asian nations to switch to clean energy to combat climate change is breathing new life into a 20-year-old plan for the region to share power

08.09 / 16:27

UPS BLOCK Waters Action Rust country Australia and the Philippines strengthen their ties as South China Sea disputes heat up

Australia and the Philippines have elevated their seven-decade ties to a strategic level to broaden an alliance underpinned by their rejection of China’s increasingly provocative actions in the disputed South China Sea

08.09 / 02:07

UPS Provident Cooper Waters show country ‘US better security partner than China,’ Joe Biden to show at G20 Summit, in Vietnam

President Joe Biden wants to show the world at the Group of 20 summit in India and during a stop in Vietnam that the United States and its like-minded allies are better economic and security partners than China. White House officials said Biden, who departed Thursday evening for New Delhi, will use the annual G20 gathering as an opportunity for the U.S. to highlight a proposition for developing and middle-income countries that would increase the lending power of the World Bank and International Monetary Fund by some $200 billion.

07.09 / 18:59

UPS Provident MET Waters Action country After summit joined by China, US and Russia, Indonesia's leader warns of protracted conflicts

Indonesia’s president has issued a stark warning after wrapping up a summit of Southeast Asian countries that was joined by China, the United States and Russia

07.09 / 15:09

UPS Provident Cooper Waters show country Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

06.09 / 07:09

Provident MET Cooper Progressive country Jakarta all set for ASEAN-India, East Asia summits, PM Modi to depart for Indonesia today | Watch video

Narendra Modi will also embark on his visit to Indonesia on Wednesday to attend the summits tomorrow. The forthcoming ASEAN-India Summit will be the first Summit since the elevation of ties between India and the Association of South East Asian Nations bloc of countries to a Comprehensive Strategic Partnership in 2022.

05.09 / 12:23

Trade Canadian Politics ASEAN Canada set to become strategic partner with ASEAN trading bloc

Canada’s status within the Indo-Pacific region is set to get a boost as the Association of Southeast Asian Nations prepares to make Ottawa its latest strategic partner when Prime Minister Justin Trudeau visits Indonesia.

03.09 / 04:39

UPS Provident Cooper Progressive country ASEAN week Before G20 Summit in India, PM Modi to visit Jakarta for ASEAN-India and East Asia summits next week

Narendra Modi will visit Indonesia's capital Jakarta on September 6 and 7 to attend the ASEAN-India and East Asia summits, said the Ministry of External Affairs in an official statement on Saturday. Shoring up India's trade and security ties with the 10-nation Association of Southeast Asian Nations (ASEAN) is likely to be the focus of Modi's engagement with leaders of the bloc, according to PTI reports.

01.09 / 04:23

FIVE Reuters show country exclusive 'No matter how Chinese government twists…': After India, five other nations slam China over ‘standard map’ row

China released the 2023 edition of its 'standard map' on August 28, showing India's Arunachal Pradesh and Aksai Chin as part of its territory. The map also shows China's claims in the South China Sea over the exclusive maritime zones of countries such as Malaysia, Brunei, the Philippines, Indonesia and Vietnam.

21.08 / 14:07

Progressive country ASEAN India, Asean to intensify efforts to conclude FTA review by 2025

India and the 10-nation bloc Asean on Monday said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025. The issue was discussed during the twentieth AEM (Asean Economic Ministers)-India Consultation meeting, held at Semarang, Indonesia. According to a joint media statement, the meeting welcomed the progress of the review of the Asean-India Trade in Goods Agreement (AITIGA).

20.08 / 14:07

UPS Platform country ASEAN India, Asean decision on review of free trade agreement in goods expected tomorrow

free trade agreement on goods between India and the 10-nation Asean bloc may be taken up during a meeting in Indonesia on Monday, an official said. The issue will come up for discussion and decision during the India-Asean economic ministers meeting on Monday. The meeting is being held on the sidelines of the ongoing meeting of the Economic ministers of ASEAN.

19.08 / 14:39

UPS BLOCK Waters awards exclusive Philippines to resupply South China Sea troops after Beijing's block

MANILA (Reuters) — The Philippine armed forces said on Saturday it would again seek to resupply troops stationed in a rusty World War 2-era ship on a reef in the South China Sea, after China blocked a previous attempt with water cannons.

06.08 / 15:29

Reuters Action country Philippines accuses China of illegal actions in South China Sea, water-cannoning their supplies

China maintained that it took the necessary action to deter Philippine ships which were trespassing and carrying illegal building materials, news agency Reuters reported on Sunday. The report mentions that the incident took place close to the Second Thomas Shoal, which is referred to as Ayungin Shoal by Manila. The area is a submerged reef where a small number of its troops reside on an old US ship from World War Two that was deliberately grounded in 1999.

06.08 / 08:51

BLOCK Waters Action Continental social exclusive Philippines says China blocked, water-cannoned boat in S. China Sea

coast guard of blocking and water-cannoning a Philippine military supply boat in the South China Sea, condemning the «excessive and offensive actions» against its vessels. China's coast guard countered that it had implemented necessary controls in accordance with the law to deter Philippine ships, which it accused of trespassing and carrying illegal building materials.China claims sovereignty over almost the entire South China Sea, an assertion rejected internationally, while Malaysia, Vietnam, Brunei, Taiwan and the Philippines have various claims to certain areas.

06.08 / 05:37

Provident BLOCK Man Waters Action stage Philippine military condemns Chinese coast guard's use of water cannon on its boat in disputed sea

Philippine military on Sunday condemned a Chinese coast guard ship's «excessive and offensive» use of a water cannon to block a Filipino supply boat from delivering new troops, food, water and fuel to a Philippine-occupied shoal in the disputed South China Sea. The tense confrontation on Saturday at the Second Thomas Shoal was the latest flare-up in the long-seething territorial conflicts involving China, the Philippines, Vietnam, Malaysia, Taiwan and Brunei.

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