SBM Offshore signs agreements with MISC Berhad to sell interests in floating production units

SBM Offshore signs agreements with MISC Berhad to sell interests in floating production units

SBM Offshore, a global leader in floating production solutions for the oil and gas industry, has signed Share Purchase Agreements with Malaysian energy giant MISC Berhad. These agreements pertain to the sale of SBM Offshore’s equity interests in certain floating production storage and offloading (FPSO) units. The transaction signifies a significant step in SBM Offshore’s […]

SK Earthon grabs major offshore operatorship in Malaysia—What does this mean for Southeast Asia?

SK Earthon grabs major offshore operatorship in Malaysia—What does this mean for Southeast Asia?

SK Earthon, a subsidiary of South Korea’s SK Innovation, has successfully secured the operatorship of the Ketapu Cluster, located off the coast of Sarawak, Malaysia. This development marks a significant milestone for the company as it strengthens its presence in Southeast Asia’s oil and gas sector. The announcement was made on SK Innovation’s official website, […]

MoneySmart slams the door on MoneyHero’s acquisition bid—here’s why

MoneySmart slams the door on MoneyHero’s acquisition bid—here’s why

In a bold move, MoneySmart Group, Southeast Asia’s leading personal finance entity, has decisively rejected an unsolicited, non-binding $8 million offer from MoneyHero Group, which sought to acquire 100% of MoneySmart’s shares. The offer, which was made public without any prior discussions with MoneySmart’s management, has been deemed neither serious nor credible by the board […]

Sandvik secures significant orders in Portugal and Southeast Asia totaling SEK840m

Sandvik secures significant orders in Portugal and Southeast Asia totaling SEK840m

Sandvik AB, a global engineering group specializing in mining and rock excavation, has announced a substantial equipment order worth approximately SEK 340 million from Cimertex, a distributor based in Portugal. This order is destined for Almina Minas do Alentejo S.A., enhancing its operations within Portugal’s Iberian pyrite belt. The deliveries are scheduled to start in […]

Google Cloud partners with OCIC to propel Cambodia’s tech ecosystem with Cambodia Tech Catalyst Event

Google Cloud partners with OCIC to propel Cambodia’s tech ecosystem with Cambodia Tech Catalyst Event

Google Cloud and the Overseas Cambodian Investment Corporation (OCIC) have teamed up to launch the Cambodia Tech Catalyst event, a major initiative aimed at bolstering Cambodia’s burgeoning tech ecosystem. This event, hosted in Koh Pich, Phnom Penh, drew over 500 participants, including decision-makers, Chief Technology Officers, and students, promoting a dynamic exchange of ideas on […]

Wipro brings in Frederic Abecassis as new Southeast Asia BFSI head

Wipro brings in Frederic Abecassis as new Southeast Asia BFSI head

Wipro Limited said that it has appointed Frederic Abecassis as the company’s Southeast Asia’s new head of banking, financial services & insurance (BFSI) industry sector. According to the Indian IT services provider, Frederic Abecassis will lead the business growth of the company in the BFSI sector across Southeast Asia, including Hong Kong. The new Wipro […]