ARA LOGOS Commodity Hub Courtesy of ESR ARA LOGOS Logistics Trustābacked by tycoon John Lim and billionaire Chew Gek Khimās Straits Tradingāon Friday agreed to merge with ESR REIT in a deal valued at S$1.4 billion ($1 billion) that aims to tap the booming e-commerce demand for warehouses and logistics facilities across the Asia-Pacific. The… More
Natarajan Chandrasekaran, chairman of Tata Sons, speaks during the launch of the Tata Nexon electric … [+] car, in Mumbai on January 28, 2020. INDRANIL MUKHERJEE/AFP via Getty Images Tata Motors has reached a deal to raise about $1 billion by selling a stake in its electric-vehicle business to a TPG fund and other investors,… More
Ajay Piramal Courtesy of Piramal Enterprises. Fresh from the $4.7 billion acquisition of troubled lender Dewan Housing Finance Corporation Ltd. (DHFL) last week, pharma tycoon Ajay Piramal, 66, is simplifying the structure at the $1.7 billion (fiscal 2021 revenue) Piramal Enterprises by creating a diversified financial services conglomerate and a leading pharma player. On Thursday,… More
Lee Jung-jae plays Gi-hun in the Netflix hit ‘Squid Game.’ Netflix In the runaway Netflix NFLX hit Squid Game, Lee Jung-jae plays Gi-hun, a man down on his luck and yet also somewhat to blame for his own misfortune. Gi-hun gambles, not only with his own cash, but that of his elderly mother and even… More
Michel Lowy, CEO of SC Lowy SC Lowy Tumult at the China Evergrande Group may have rattled global capital markets in the past month yet it at same time has pressured other real estate titans in the country to improve their finances. In turn, that has selectively boosted the appeal of Chinaās high-yield real estate… More
Air India Boeing 787 Dreamliner aircraft as seen on final approach flying for landing at London … [+] Heathrow International Airport LHR EGLL in England, United Kingdom on March 19, 2020. Nicolas Economou/NurPhoto via Getty Images Air India, Indiaās state-owned airline, and its iconic mascot, the Maharajah, may soon find themselves a new owner if… More
Wind turbines generate electricity in Punniyavalanpuram, Tamil Nadu, India. (Photo by Creative Touch … [+] Imaging Ltd./NurPhoto via Getty Images) NurPhoto via Getty Images Indiaās two richest industrialists are racing to be first to scale the mountain; but not necessarily the moutain of money, although itās called green. Mukesh Ambani, chairman of Reliance Industries, the… More
Ajay Piramal at his office on March 16, 2015 in Mumbai, India. Abhijit Bhatlekar/Mint via Getty Images Ajay Piramalās pharma and financial services flagship Piramal Enterprises completed its $4.7 billion acquisition of Dewan Housing Finance Corporation Ltd. (DHFL) on Wednesday, creating one of the largest affordable housing finance companies in the country. As per the… More
Lai Chang Wen started Ninja Van in 2014. SEAN LEE FOR FORBES ASIA Ninja Van raised $578 million from investors including Chinese e-commerce giant Alibaba Group, making the logistics startup Singaporeās newest unicorn. Besides Alibaba, existing investors B Capital Groupāthe venture capital firm set up by Facebook cofounder Eduardo Saverin and Raj Ganguly, a former… More
HNA Group Chairman Cheng Feng in 2011. Photographer: Adam Dean/Bloomberg 2011 Bloomberg Finance L.P. The English-language website of Chinese conglomerate HNA Group is dotted with photos of chairman Chen Feng accepting prestigious awards and international praise in 2017 and 2018. Articles include āHNA Group Chairman Joined UNICEFās Inaugural International Council ā UNICEF recognizes Chairman Chen… More
Girish Mathrubootham, founder and CEO of Freshworks. BARAK SHRAMA When Girish Mathrubootham cofounded cloud services firm Freshdesk in the southern Indian city of Chennai in 2010, he knew exactly what he was aiming for: āWe wanted to go big or go home,ā he disclosed to Forbes in a 2019 interview that now seems prescient. That… More
Over the first three years of the Forbes Blockchain 50, our list of billion-dollar companies making meaningful use of the technology popularized by bitcoin, has become a bellwether of institutional adoption. Our list shines light on how large corporationsāoften household names like Walmart and Novartisā are using blockchain tech to improve business processes and become… More
Delfin J. Wenceslao Jr. PHOTO BY COURTESY OF DELFIN J. WENCESLAO JR. Delfin J. Wenceslao Jr.āthe controlling shareholder of Philippine-listed real estate developer D.M. Wenceslao & Associatesāhas died at age 77. “It is with great sadness that the board of directors and management of D.M. Wenceslao & Associates announce that it was informed of the… More
U.S. Air Force F-15C Eagles and an E-3 Sentry aircraft assigned to the 18th Wing fly in formation … [+] after participating in exercise WestPac Rumrunner, out of Kadena Air Base, Japan, on Oct. 16, 2020. U.S. Air Force photo by Tech. Sgt. Daniel E. Fernandez The U.S. Air Force is gearing up to launch… More
Bancha Ongkosit KCE Electronics Shares of KCE Electronics, a Thai manufacturer of printed circuit boards, have jumped 534% since March last year boosted by rising demand from the auto industry. This has propelled its founder and chairman, Bancha Ongkosit, into the ranks of the worldās billionaires. Ongkosit, 70, has an estimated net worth of just… More
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