As members of the Association of Southeast Asian Nations ready to launch a single market economy next year, reports say budget airline Cebu Pacific is expecting positive results from the plans that will open up new routes for the carrier.
Cebu Air officials spoke with reporters at the Economic Journalists Association …read more
East Africa’s largest wireless operator Safaricom has reportedly received good news regarding its efforts to acquire Kenya operator yumobile.
Kenya’s telco watchdog has reportedly withdrawn its objections to the $120 million acquisition. Now, reports say Safaricom is expected to file its merger notice to competition regulators soon.
Safaricom added that it hopes …read more
Reports say Malaysia’s banking industry is likely headed for a new round of consolidation after CIMB, RHB Capital and Malaysia Building Society launched plans for a three-way merger.
The union between the three groups is expected to combine into a bank that could rival its closest competitor Maybank. In response, industry …read more
Laser printer manufacturer Lexmark has been hit with a bidding war in its efforts to acquire Swedish office service company Readsoft, say reports.
US software group Hyland increased its bid to acquire Readsoft for a second time last Monday. Its offer stood at $246.4 million.
But Lexmark announced just one day later …read more