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Mitsubishi and Singapore Gov Affiliate Company Form Major Urban Development JV

With an eye to the growing importance of urban development especially in Southeast Asia's emerging economies, Mitsubishi Corporation (MC) and Surbana Jurong (SJ), a wholly-owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company, have formed a joint venture targeting acquisition of $2.5 billion in urban development projects in Asia.

South Korea's Daewoo To Build Buses in Myanmar

Up until now, Myanmar has imported most of its buses. A new joint venture between the Myanmar government and South Korea’s Zyle Daewoo Commercial Vehicle is going to change all that.

Sikkim to Decriminalize Drug Use

An official release from Sikkim in North India said the government plans to shift from treating drug use as a criminal act to considering it a disease instead.

Malaysia Begins Charging New Sales and Services Tax

On September 1, Malaysia began charging its new Sales and Services Tax (SST) on goods sold in the country. Its government hopes this will be far more accepted than the previous administration’s Goods and Services Tax (GST).

Nigeria to Receive $328M from China for ICT Infrastructure

President Muhammadu Buhari of Nigeria will be signing a historic financing agreement with Chinese President Xi Jinping this week, to support building Nigeria’s nationwide Information and Communication Technology Infrastructure Backbone Phase 1 (NICTIB 11) project.

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