Tag Archives : investment

KARACHI: The Counsul General of Bahrain Adel Abdul Rehman Muhammad Taqi called on Chief Minister Sindh Syed Qaim Ali Shah at CM House here Thursday. Welcoming the Counsul General, Chief Minister said that Bahrain is a brotherly Islamic country and both countries and their people enjoy very cordial relations. He apprised the Counsul General about political, economic conditions and law and order situation of the province. Syed Qaim Ali Shah informed that Sindh is rich as far as natural resources are concerned and investors of various countries are coming to Pakistan particularly to Sindh for investment [...]

LAHORE: Punjab Chief Minister Shahbaz Sharif said Monday that overcoming the current energy crisis was vital to attract foreign investment. He was speaking to Minister of State and Chairman Board of Investment Salim H. Mandiwala at the Chief Minister House. The chief minister said that his government was taking every measure to increase the investment in the province. An Investment Board, he said, was also set up to encourage investors and to provide better facilities to them. All facilities would be provided to hold Halal Meat Conference in Punjab, said Shahbaz. Speaking on this occasion, the [...]

It’s official. Yelp is raising a huge chunk of change from Elevation Partners. According to a release, Elevation will invest as much as $100 million in the startup. For now, Yelp will be raising a $25 million in a Series E round from the firm. We broke the news last week here, when talk of the round was in the $50 million range. The initial infusion is half that, but Elevation could end up investing much more over time. Elevation co-founder Marc Bodnick will be joining Yelp’s Board of Directors. We originally hear that Bono, an Elevation Partners partner, was to be the board representative [...]

Yuri Milner, the CEO of Russian investment and operating company Digital Sky Technologies, had quite a 2009. I had a chance to sit down with Milner today at the World Economic Forum in Davos, Switzerland for a short video interview. The company now holds substantial equity in two of the hottest pre-IPO startups, Facebook and Zynga. And their innovative way of structuring deals, where they buy both preferred stock from the company and common stock from employees, is becoming the hot new way to invest in startups. In fact, people are now referring to “DST-style deals,” even where DST [...]

(Editor’s note: Mark R. Williams is a partner in the Corporate and Securities group of law firm DLA Piper and has worked on numerous transactions in China and Asia. He submitted this column to VentureBeat.) The venture capital markets have been coming of age in China for the last decade, but the global economic downturn has gummed things up over the past two years. If the back half of 2009 is any indicator, though, a rebound could be on the way. During the past several years, China has gradually become one of the most attractive investment markets in the world, largely due to the diversification [...]

Karachi shares market significantly outperformed Mumbai in the last ten years. But this fact is not enough to get any positive attention from Fareed Zakaria, India’s best-known cheerleader in the West. As expected, Fareed Zakaria’s discussion of “The Rise of the Rest” sings praises of the BRIC nations, particularly mentioning his native India in the most glowing terms. There is nothing wrong with that, except that Zakaria omits any positive mention of India’s neighbor Pakistan in the context of economic performance in the decade of 1999-2009, and chooses to strike [...]

Pakistan’s KSE-100 stock index surged 55% in 2009, a year that also saw the South Asian nation wracked by increased violence and its state institutions described by various media talking heads as being on the verge of collapse. Even more surprising is the whopping 825% increase in KSE-100 from 1999 to 2009, which makes it a significantly better performer than the BRIC nations. BRIC darling China has actually underperformed its peers, rising only 150 percent compared with energy-rich Brazil (520 percent) and Russia (326 percent) or well-regulated India (274 percent), which some investors [...]

SHANGHAI: Foreign direct investment in China rose for a fourth straight month in November as the country”s rapid recovery from the global economic downturn attracted more overseas money. Investment rose 32 percent in November from a year earlier to $7.02 billion, Commerce Ministry spokesman Yao Jian said in a news conference Wednesday. The figure excludes stocks and other financial assets. “This shows the economy is improving and reflects foreign investors” confidence in China,”” Yao said. The government has reported rises from year-earlier figures in foreign [...]

ISLAMABAD: KASB Group Pakistan and M/s Lumena Resources Corporation China on Saturday signed a memorandum of Understanding (MoU) for strengthening of corporation as joint venture to promote the China Industrial Zone in Pakistan. The M/s Lumena Resources Corporation, China is the second largest thenardite producer in the world in terms of production capacity. A two-member delegation from China headed by Suo Lang Duo Ji, Founder Chairman M/s Lumena Resources Corporation visited Board of Investment. They also called on Tariq Iqbal Puri Secretary Ministry of Investment (BOI) and [...]

The Herald (Gov-owned newspaper)9 December 2009 Zimbabwe and two Chinese investors on Monday signed four multi-million dollar deals that will see the Asian companies investing in the mining and transport sectors. The memoranda of understanding signed between the Government and China International Fund and Sino-Zimbabwe Development Company will see investment in the construction of the Harare-Chitungwiza and Harare-Gweru railway lines, the extension of the Harare International Airport runway and a new taxi way in addition to aviation consultancy. The Chinese will also pump in US$90 million for the [...]