Category: Automotive

PE firm Falcon House may sell stake in Indonesia’s top European bakery

Private equity fund Falcon House Partners is mulling the sale of its controlling stake in Mount Scopus, which owns Indonesia’s biggest European-style bakery chain, in a deal that could value the business at about $200 million, people with direct knowledge of the matter said. The Singapore-headquartered, Southeast Asian-focused fund is talking to an adviser about the potential sale, according to two people, who declined to be… Continue reading PE firm Falcon House may sell stake in Indonesia’s top European bakery

Chinese textile technology firm NTX raises $200m in Centurium-led funding round

Chinese private equity (PE) firm Centurium Capital, which has so far raised $249 million for US investors for a new USD-denominated fund, led the $200-million C2 funding round in Shanghai-headquartered textile technology firm NTX. The funding round, which was also backed by existing shareholder NRL Capital, according to the announcement, comes as NTX became a… Continue reading Chinese textile technology firm NTX raises $200m in Centurium-led funding round

PE firm Creador anchors UNOAsia’s $11m pre-Series A funding

Kuala Lumpur-based private equity firm Creador has anchored the $11-million pre-Series A funding in UNOAsia, the Singapore-based incorporator of UNO Digital Bank (UNObank) in the Philippines. UNObank is one of the six digital banks that received licence in the Philippines. Digital banks in the country have a three-year window to operate after they get the… Continue reading PE firm Creador anchors UNOAsia’s $11m pre-Series A funding

Nippon Express (China) Opens New Healthcare Branch in Shanghai

– Company Is Stepping up Its Efforts in China’s Pharmaceutical Industry – TOKYO, Aug. 1, 2022 /PRNewswire/ — Nippon Express (China) Co., Ltd. (hereafter “NX China”), a group company of NIPPON EXPRESS HOLDINGS, INC., has established a Healthcare Branch in Shanghai to strengthen its efforts in China’s pharmaceutical industry, and this new branch opened for business… Continue reading Nippon Express (China) Opens New Healthcare Branch in Shanghai

Asia’s factories squeezed by higher prices, weak demand

TOKYO: Asia’s factories struggled for momentum in July as China’s strict COVID restrictions and flagging global demand slowed production, although early signs red-hot inflation may be peaking provided some optimism for firms squeezed by prices. A series of purchasing managers’ indexes (PMI) for July released on Monday showed new orders falling in the region’s manufacturing… Continue reading Asia’s factories squeezed by higher prices, weak demand

Indo-Thai bilateral trade touched $15 billion in FY’22

The bilateral trade between India and Thailand reached an all time high of around USD 15 billion in 2021-22 as the domestic market remains attractive for Thai investors, said Union Minister of State for External Affairs Rajkumar Ranjan Singh. The economic cooperation between the two countries in trade, investment and tourism have continued to flourish… Continue reading Indo-Thai bilateral trade touched $15 billion in FY’22

Vehicle manufacturers step up production on improved semiconductor supplies

Workers install the electric motor inside a Tata Nexon electric sport utility vehicle (SUV) at the Tata Motors plant in Pune. A slowdown in consumer electronics including smartphone sales is turning out to be a blessing in disguise for more than half a million Indians waiting for delivery of their cars. A surge in demand… Continue reading Vehicle manufacturers step up production on improved semiconductor supplies

[Mobility Inside] Setting Industry Standards With AUTOSAR

August 1, 2022 [Mobility Inside] Setting Industry Standards With AUTOSAR Open share list Share this content. In this episode of Mobility Inside, we’re going to put automobile software under the microscope, breaking down the systems that power our cars so that you don’t need an engineering degree to understand. When it comes to learning about… Continue reading [Mobility Inside] Setting Industry Standards With AUTOSAR

Boeing to Open Japan Research Center and Expand Sustainability Partnerships

TOKYO, Aug. 1, 2022 /PRNewswire/ — Boeing [NYSE:BA] will strengthen its partnership with Japan by opening a new Boeing Research and Technology (BR&T) center. The facility will focus on sustainability and support a newly expanded cooperation agreement with Japan’s Ministry of Economy, Trade and Industry (METI). Boeing and METI have agreed to broaden their 2019… Continue reading Boeing to Open Japan Research Center and Expand Sustainability Partnerships