News Service

  • 14 hours ago
    Calgary-based ACL International Ltd. has acquired a 38.25 per cent working interest in a production-sharing contract for an oil and gas field block in Indonesia for approximately C$752,000. The onshore block is located in North Sumatra, a province of Indonesia which has over 80 known oil and gas fields. The deal involved the acquisition of all of the issued and outstanding shares of Peak Oil...
  • 14 hours ago
    Canada's Manulife Financial Corp has shelved its plan to raise US$421 million through a Singapore listing of a real estate investment trust (REIT) backed by three U.S. office properties. The initial public offering (IPO) was reportedly impacted by the Greek crisis, and is likely to be re-launched when market conditions improve. Manulife is a Toronto-based financial services company.
  • 14 hours ago
    Vancouver-based Western Potash Corp. (Western Potash) announced that Beijing Tairui Innovation Capital Management Ltd. (Tairui) has agreed to make a strategic equity investment of C$80 million in Western Potash that will result in Tairui holding a 51 per cent ownership stake in the company. Under the terms of the agreement, Tairui will have the right to appoint four nominees to the Western Potash...
  • 4 days ago
    Manulife Philippines and CTBC Bank (Philippines) Corp have signed an agreement that enables CTBC Bank to make available Manulife's investment-linked products to its customers. Manulife Philippines is a subsidiary of Toronto-based financial services company Manulife Financial. CTBC Bank (Philippines) Corp., formerly known as Chinatrust (Philippines) Commercial Bank Corporation, is a subsidiary of...
  • 4 days ago
    A new double tax agreement and an accompanying protocol between New Zealand and Canada entered into force on June 26, 2015. The agreement will lower withholding tax rates on certain cross-border income from August 1, 2015. In addition, it stipulates that an enterprise will be deemed to have a permanent establishment in either Canada or New Zealand if it carries on business in that state for more...
  • 5 days ago
    Brossard, Quebec-based Nippon Dragon Resources Inc., a mining and mining technology company, announced that its exclusive thermal fragmentation distributor for Japan, NDR Japan, has signed an ore mining contract that will be carried out by Nippon's thermal fragmentation mining method. The extraction of gold-bearing ore will be conducted within a former gold mine site that has been closed since...
  • 5 days ago
    The Canada-India Business Council (C-IBC) will host a senior delegation from the Government of Tamil Nadu, India, at a series of events across the country. The events will explore business and investment opportunities in Tamil Nadu and provide information on the upcoming "Tamil Nadu Global Investors' Meet 2015" conference to be held in Chennai on September 9th and 10th. The C-IBC hosted events...
  • 7 days ago
    The Board of Directors of the Asia Pacific Foundation of Canada welcomes the new Chair of the Asia Pacific Foundation of Canada, the Honourable David L. Emerson. Mr. Emerson will be assuming the role of Chair effective July 1, 2015, replacing outgoing Chair, John H. McArthur, who served since 2006. Mr. Emerson is a corporate director, public policy and business advisor with many years of...
  • 7 days ago
    Department of Foreign Affairs, Trade and Development (DFATD), in partnership with the Philippine Commission on Women (PCW), launched the Supporting Women's Economic Empowerment in the Philippines Project (a.k.a. GREAT Women-2) in Quezon City on June 25, 2015. The project aims to assist around 12,000 owner-entrepreneurs and workers of microenterprises in identified food and non-food industry...
  • 7 days ago
    EA Education Group, a Toronto-based provider of educational services, announced it has entered into a 10‐year strategic co-operation agreement with Genesis International Education Group and Bainian Group. The three partners have agreed that, beyond the establishment of the EA club in Chengdou City in Sichuan Province, China, the parties will seek additional ways to leverage joint opportunities...
  • June 29, 2015
    Montreal-based Bombardier has won a contract to supply 162 metro cars to Delhi Metro Rail Corporation Ltd (DMRC). The new trains will make DMRC one of the largest metro fleets in the world. The order is valued at approximately C$282 million. Delivery will begin in the third quarter of 2016 and is expected to end in early 2018.
  • June 29, 2015
    Ivanhoé Cambridge, the real estate arm of Montreal-based pension fund La Caisse de dépôt et du placement du Québec, along with UK-based real estate investment management firm CBRE Global Investment Partners, announced that they are committed to investing in the LOGOS China Logistics Club (LCLC). The LCLC investment vehicle is managed by a member of the LOGOS China Group, an integrated logistics...
  • June 29, 2015
    Eldorado Gold Corporation, a Vancouver-based mining company, announced it has received the Project Permit Approval (PPA) for its Eastern Dragon Project in Heilongjiang Province, China. The PPA is the most significant permit required, as it includes a review and verification of previous permits granted. Eldorado will recommence work at the site in July.
  • June 26, 2015
    In the latest issue of APF Canada’s Canada-Asia Agenda, author J. Berkshire Miller previews the statement that will be made in August by Japanese Prime Minister Shinzo Abe to mark the 70th anniversary of the end of World War II. The statement will be held up against similar statements made by Abe’s predecessors, and will also be carefully scrutinized by China and South Korea, both of which have...
  • June 26, 2015
    China’s Reignwood Aviation Group has agreed to purchase 50 Twin Otters over five years from British Columbia-based aircraft manufacturer Viking Air. The base price for the Series 400 Twin Otter is $7 million, and Viking Air anticipates sales in China to reach C$3.5 billion over the next 20 years. Viking is the first Canadian company to take advantage of the new Bilateral Aviation Technical...
  • June 25, 2015
    Gerry Ritz, Minister of Agriculture, and Ed Fast, Minister of International Trade, announced that Canada and China have agreed to sustained market access for fresh British Columbia blueberries. This summer Chinese inspectors are expected to visit Canada to carry out a pre-shipment inspection and to authorize the first shipments under the deal. Once fully implemented, access to the Chinese market...
  • June 25, 2015
    The Hong-Kong Canada Business Association (HKCBA) will host a luncheon event on June 29 in Vancouver featuring a speech by Asia Pacific Foundation of Canada President and CEO Stewart Beck. At the event, titled “Innovation & Prosperity: The Canada-Hong Kong Connection,” Mr. Beck will share his view on Hong Kong’s strategic significance for Canadian and B.C. business, in particular its value as...
  • June 24, 2015
    Vancouver Airport Authority (YVR) has signed a Memorandum of Understanding on Cooperation with Shanghai Airport Authority (SAA) designed to strengthen the relationship between the two organizations and jointly develop air services, cultural exchanges and business opportunities. The co-operation agreement will encourage YVR and SAA to share knowledge and encourages cross-marketing opportunities....
  • June 24, 2015
    SPREP Pte Ltd., a company formed as part of the strategic alliance in 2013 between Toronto-based Canada Pension Plan Investment Board (CPPIB) and Shapoorji Pallonji Group of India, announced it has entered into definitive agreements to acquire 100% of the securities of the Indian company Faery Estates Private Limited. Faery Estates owns, operates and maintains SP Infocity IT Park in Chennai,...
  • June 24, 2015
    Calgary-based Grand Power Logistics Group Inc. has opened a new branch office in the city of Fuzhou, in China's Fujian province. It will serve as the hub for a new Grand Power initiative focusing on online and e-commerce shipping. The platform will initially concentrate on shipping between Europe and southern China, but will also serve China’s domestic market, which is growing substantially with...

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