In the latest edition of the ASEAN+3 Regional Economic Outlook (AREO) 2024, the ASEAN+3 Macroeconomic Research Office (AMRO) has provided an optimistic forecast for the region’s economic growth. The report indicates an upward trend, with the ASEAN+3 region expected to grow by 4.5 percent in 2024, a slight increase from the 4.3 percent growth of…
Spring Investments SA appoints Jackie Ineke as Chief Investment Officer
ZURICH: Spring Investments SA, a renowned Swiss boutique fixed-income portfolio management firm, has announced the appointment of Ms. Jackie Ineke as its new Chief Investment Officer. Ms. Ineke, a distinguished figure in European banking credit analysis, brings over thirty years of experience to her new role. “We are thrilled to welcome Jackie to our team,”…
WTW appoints Sean Plankey as Global Leader Cybersecurity Software
WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Sean Plankey as Global Leader Cybersecurity Software. In this new role, Plankey, a leading cybersecurity expert, will spearhead the commercialization of WTW’s innovative cybersecurity software. Commenting on Plankey’s appointment, WTW CEO, Carl Hess, said, “Innovation and technology are central…
Hotel101 Global to merge with JVSPAC Acquisition Corp, and list on NASDAQ
Hotel101 Global Pte. Ltd., a subsidiary of the Philippine-based DoubleDragon Corporation, has announced a definitive merger with JVSPAC Acquisition Corporation. This strategic alliance is set to propel Hotel101, a trailblazer in the “condotel” sector, onto the NASDAQ stock exchange under the ticker symbol “HBNB.” With an anticipated post-transaction equity value surpassing US$2.3 billion, Hotel101 is…
TotalEnergies expands its natural gas production in Texas
PARIS: TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the U.S. LNG value chain. Located in Texas, the Dorado…
President and CEO Martin Lindqvist is leaving SSAB
HELSINKI: After 26 years in the company and 13 years as President and CEO, Martin Lindqvist has decided to leave SSAB to further his board career. A recruitment process to find his replacement will start immediately, a news release said. Martin Lindqvist has been employed at SSAB since 1998 and served as the company’s President…
WithSecure CEO Juhani Hintikka steps down; Antti Koskela appointed interim chief
STOCKHOLM: Juhani Hintikka, President and CEO of WithSecure, has today announced that he steps down from his position in the company. The decision to step down follows the Supreme Court ruling of 5 April 2024 where Juhani Hintikka was found guilty of abuse of inside information related to a matter dating back to 2014, years…
Humana Norway agrees to acquire Team Olivia Norge AS
OSLO, NORWAY: Human Care Holding AS (Humana Norway) has entered into an agreement to acquire Team Olivia Norge AS for a purchase price of SEK 341 million on a cash- and debt-free basis. The acquisition is partially financed through an issue in kind of 4 million shares to the sellers. The acquisition is expected to…
Mirriad Advertising forms strategic partnership with TripleLift
LONDON: Mirriad Advertising, a pioneer in in-content advertising and virtual product placement, has announced a strategic partnership with TripleLift Inc., a leader in advanced advertising technology. This collaboration is set to transform the digital advertising landscape by integrating TripleLift’s supply-side platform (SSP) capabilities with Mirriad’s extensive in-content inventory. The partnership heralds a new era for…
Tight gas discovery in Sindh, Pakistan by OGDCL
In a significant development for Pakistan’s energy sector, the Oil & Gas Development Company Limited (OGDCL) has announced a new tight gas discovery at its exploratory well, Nur West #01, in the district of Sujawal, Sindh Province. The well, which is fully operated by OGDCL, is part of the Nur Development & Production Lease (D&PL)…
Sirius Real Estate completes over €100 million of acquisitions in Germany and UK
LONDON, UK: Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has completed on four previously announced notarised acquisitions in Germany and the U.K., totalling over €100 million in aggregate. These include: Vantage Point Business Village in Gloucestershire, U.K.,…
Caspian Sunrise acquires CS Energy LLP for $15 million
LONDON: Caspian Sunrise has announced the successful execution of documents for the acquisition of CS Energy LLP, the license holder of the West Shalva contract area, for a total consideration of up to $15 million. The acquisition hinges on several conditions, including the crucial approval from the company’s shareholders at the upcoming General Meeting scheduled…