KrisEnergy to raise $ 123m for Thai, BD Dev Projects
Singapore-based KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, announced Monday an underwritten renounceable rights issue (the Rights Issue) to support the Company’s capital expenditure including to grow oil and gas production in existing fields and near-term development projects.
The Rights Issue is expected to generate net proceeds of approximately $123 million (SGD 165.6 million) from issuing 440,144,838 new shares on the basis of 42 rights shares for every 100 existing shares. The rights shares will be issued at $0.286 (SGD 0.385) each, representing a 
Booming auto industry in Bangladesh
The vehicle marketplace Carmudi has examined the current and future state of the automotive industry in Bangladesh and other emerging markets. Carmudi’s report on “The Booming Automotive Industry in Emerging Markets” has provided a detailed look into the global state of automotive sales and how car purchasing behaviors have changed due to the drastic increase in internet and mobile penetration, rising GDP, and the emergence of a middle class. The findings in this report are the result of Carmudi’s quantitative surveys conducted online with both car buyers and car dealers, and in-depth interviews with industry influencers throughout Bangladesh.
Top destinations for visitors
Asian cities continue to dominate a global list of leading destinations in attracting international visitors arriving by air, according to the annual MasterCard Global Destinations Cities Index.
Besides, seven out of the world’s top 10 fastest growing destination cities are in the Asia-Pacific, which is a strong leading indicator of their continuing outstanding performance in the years to come, MasterCard said in a report
yesterday.
Asian cities have made up half of the top 10, with Bangkok retaining its position at number...
Asian cities have made up half of the top 10, with Bangkok retaining its position at number...
Adani, Reliance to build Bangladesh power plants
Two leading Indian power firms will build several plants in Bangladesh to produce up to 4,600 megawatts of electricity, a senior official said on Saturday.
[caption id="attachment_16647" align="alignleft" width="300"]
Indian PM Narendra Modi handing over main steering wheel of INS Vikrant to Sheikh Hasina at the Prime Minister's Office in Dhaka Saturday, June 6, 2015.[/caption]
Adani Power Limited of India and Reliance Power Limited of India signed separate memorandums of understanding with state-run Bangladesh Power Development Boa...
Indian PM Narendra Modi handing over main steering wheel of INS Vikrant to Sheikh Hasina at the Prime Minister's Office in Dhaka Saturday, June 6, 2015.[/caption]
Adani Power Limited of India and Reliance Power Limited of India signed separate memorandums of understanding with state-run Bangladesh Power Development Boa...
Indian insurance co to do business in Bangladesh
Bangladesh’s insurance sector regulator has approved the Life Insurance Corporation of India (LIC) to operate in the country, a media report said on Wednesday.
“We have given LIC a letter of consent upon certain conditions. They will be able to start operations once they are fulfilled,” bdnews24.com quoted Bangladesh Insurance Development and Regulatory Authority (IDRA) chief M. Shefaq Ahmed as saying.
A joint venture entity with the paid-up capital of one billion taka (around $13 million) -- LIC Bangladesh Ltd.—will be created for this p...
“We have given LIC a letter of consent upon certain conditions. They will be able to start operations once they are fulfilled,” bdnews24.com quoted Bangladesh Insurance Development and Regulatory Authority (IDRA) chief M. Shefaq Ahmed as saying.
A joint venture entity with the paid-up capital of one billion taka (around $13 million) -- LIC Bangladesh Ltd.—will be created for this p...
ADB loan to address severe power shortages in Bangladesh
The Asian Development Bank (ADB) today signed the finance agreements for a loan of $75 million to Summit Bibiyana II Power Company Limited for a private sector gas-fired power plant in Bangladesh to help the country address severe power shortages.
“The project will benefit households, business and industry by improving access to electricity,” said Hayato Hoshi, senior investment specialist with ADB’s Private Sector Operations 
Department. “It will also help to further promote private sector investment in Bangladesh’s energy sector where few major in...
Department. “It will also help to further promote private sector investment in Bangladesh’s energy sector where few major in...
