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New platform for Indonesian SMEs to target Greater China garners investments too
JAKARTA, NNA – Indonesia's trade ministry has set up a digital marketplace to help small and medium enterprises (SME) sell their products especially to China, Hong Kong and Taiwan. Trade Minister Muhammad Lutfi said the IDNStore or Indonesia Store aims to facilitate business-to-business (B2B) and business-to-consumer (B2C) activities between Indonesian businesses and potential partners and buyers in the three destinations. While IDNStore targets Greater China, people in other parts of the world can also buy or do business with Indonesian businesses on the platform. “This is the right moment fo...
NNA Business News
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Indian agritechs grab investor attention, drive agriculture modernization
By Atul Ranjan and Celine Chen NEW DELHI, NNA - Agritech, one of the hottest investment segments in recent years, is expected to see further growth and adoption in India, where agriculture has remained remarkably resilient during the pandemic. Indian agritech startups which are bringing innovation to the farming sector by leveraging various technologies have caught the attention of investors betting on emerging opportunities amid agriculture modernization push across the world, including India. According to research firm Venture Intelligence that tracks private equity and venture capital inves...
NNA Business News
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Thailand's GULF to acquire big majority of GMIM for Vietnam energy expansion
By Chalermlapvoraboon Valaiporn BANGKOK, NNA - Kolpos Pte. Ltd., a subsidiary of Thai giant energy producer Gulf Energy Development Public Co. Ltd., (GULF) is set for expansion in Vietnam after buying a sizeable majority stake in Global Mind Investment Management Pte. Ltd. (GMIM). Kolpos will invest 1.2 billion baht ($40 million) to acquire 70.5 percent of ordinary shares of GMIM from Singapore-based company, Nech Opportunities Fund VCC, according to GULF’s filing to the Stock Exchange of Thailand on Thursday. “The objective of such acquisition is to further expand investments in Vietnam,” sai...
NNA Business News
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Malaysia boom in fresh dairy fosters Holstein IPO plan, entry of new player
By Charlotte Chong KUALA LUMPUR, NNA - When Malaysia imposed a severe lockdown from March to May to curb the novel coronavirus from spreading, the local producer of Farm Fresh milk incurred losses amounting to 5 million ringgit as demand for dairy products from hotels and eateries plunged dramatically. However, there was a silver lining. People, who had to work from home while adhering to the government's Movement Control Order (MCO) restrictions, started snapping up cartons of fresh milk and other dairy products from shops, individual dealers and supermarkets as well as from online. The surge...
NNA Business News
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Marubeni to begin aqua-feed production and sales in China
TOKYO, NNA - Major Japanese trader Marubeni Corp. is set to launch an aqua-feed business in China as early as next month to cash in on the nation's huge aquaculture market. Marubeni announced Monday it has established Marubeni Nisshin Feed Technology (Tianjin) Co. through its Tokyo-based subsidiary Marubeni Nisshin Feed Co. to produce and sell aqua-feed in China. Marubeni said the Tianjin unit, capitalized at 850 million yen ($8.2 million), is the first fully-owned Japanese aqua-feed manufacturer in China. The Japanese trader noted that China's marine aquaculture production is about 6.5 times ...
NNA Business News