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Toyo Ventures executes US$3 23b Vietnam power plant contract after 12-year wait

KUALA LUMPUR (Dec 29): Toyo Ventures Holdings Bhd has finally executed the build, operate and transfer (BOT) contract with Vietnam’s Ministry of Industry and Trade (MOIT) for the development of the US$3.23 billion Song Hau 2 Thermal Power Plant project, which was first announced in 2008. According to its filing with the bourse today, Toyo Ventures said its wholly-owned Toyo Ink Group Bhd and Toyo Ink’s wholly-owned unit Song Hau 2 Power Co Ltd had executed the contract, which comes with a government guarantee, with the Vietnamese government. The BOT contract provides for the establishment of Song Hau 2 Power to implement the project and facility on a build, operate and transfer basis, wherein the facility will be transferred to an entity nominated by MOIT upon expiry of the concession period, Toyo Ventures said.

AirAsia, Kim Loong, Minho, Artroniq, Duopharma, MISC and Toyo Ventures

KUALA LUMPUR (Dec 29): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 30) may include: AirAsia Group Bhd, Kim Loong Resources Bhd, Minho (M) Bhd, Artroniq Bhd, Duopharma Biotech Bhd, MISC Bhd and Toyo Ventures Holdings Bhd.   Budget airline AirAsia Group Bhd has decided to sell 32.67% of the 49% stake it holds in AirAsia (India) Ltd to Tata Group for US$37.66 million (approximately RM152.58 million). As part of the transaction, there will be a call option in respect of the remaining 16.33% stake, exercisable by Tata at any time after the transaction is completed. The total consideration in respect of the options granted for the remaining 16.33% stake shall be US$18.83 million (approximately RM76.29 million).

Asean Energy Profile and The Role of Indonesia

Search This 2018 file photo shows a man sets up a traditional fishing net near the Tambak Lorok combined cycle gas turbine plant in Semarang, Central Java. (Antara Photo/Aditya Pradana Putra) Asean Energy Profile and The Role of Indonesia BY :NUKI AGYA UTAMA DECEMBER 16, 2020 In developing countries, energy use from industry rises proportionally to gross domestic product (GDP), according to the 2017 report from the International Energy Agency or IEA. Between 2000 and 2015, Indonesia transitioned from agriculture to industry. The industry sector contributes around 39 percent of Indonesia s GDP, and the annual energy consumption growth rate in this sector is projected to be 0.54 percent. The largest sub-sectors in Indonesia that contribute to the overall GDP are machinery and transportation equipment. It quadrupled between 2000 and 2016, increasing its share to overall industrial and service sector GDP from 8 percent

한·베트남 `2023년 교역 1000억 달러 달성 위해 협력 강화`

한·베트남 `2023년 교역 1000억 달러 달성 위해 협력 강화`
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