Recent Posts

India plans $81b sales of its infrastructure assets

Bloomberg India plans to raise 6 trillion rupees ($81 billion) from selling state-owned infrastructure assets over next four years to help bolster the government’s finances and plug its budget deficit, according to people familiar with the matter. The plan will include sale of road and railway assets, airports, power transmission lines and gas pipelines, said the people who asked not ...

Read More »

Intel spends $6m to meet Vietnam coronavirus rules

Bloomberg Intel Corp has spent 140 billion dong ($6.1 million) in just one month to meet strict Vietnamese anti-virus mandates for factories in Ho Chi Minh City to ensure it can keep operations going. The costs include providing sleeping accommodations for workers, according to Ho Thi Thu Uyen, head of external affairs for Intel in Vietnam and Malaysia. Intel Vietnam ...

Read More »

SoftBank makes first Africa bet on OPay at $2b valuation

Bloomberg SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking the investment vehicle’s first bet in Africa. Also participating in the round were Sequoia Capital China, DragonBall Capital, the venture arm of Chinese food-delivery giant Meituan, Redpoint China, Source Code Capital, SoftBank Ventures Asia and 3W Capital, ...

Read More »
Send this to a friend