News Service

  • 4 hours ago
    Blainville, Québec-headquartered Xebec Adsorption Inc. has received orders for $2.4 million for four gas purification systems from China, Denmark and the U.S., all to be delivered in 2017. The China projects include a system to upgrade biogas from agricultural waste to renewable natural gas in Jiangsu province, and a gas purification system at an electronic component production facility. Xebec is...
  • 4 hours ago
    Manulife has appointed Roy Gori, currently Senior Executive Vice President and General Manager of Manulife's Asia Division, as the company's President, effective June 5. Gori will assume leadership of Manulife's Canadian, U.S. and Investment operations, in addition to Asia. He will also be responsible for developing and executing Manulife's business strategy. Mr. Gori, who is currently based in...
  • Yesterday
    Vancouver-based Aurora Cannabis Inc. has secured a 19.9 per cent stake in Cann Group, an Australian company licensed for research and cultivation of medical cannabis for human use. Aurora's total investment of C$6.6 million represents 47 per cent of Cann’s A$13.5-million IPO. Following completion of the IPO, expected in May, 2017, Aurora will hold 19.9 per cent of the fully paid ordinary shares...
  • Yesterday
    Minister of Small Business and Tourism Bardish Chagger has begun a four-day official visit to India with a view to increasing co-operation in the small- and medium-sized enterprises sector, and promoting tourism. Minister Chagger will travel to New Delhi and Mumbai and will meet India’s Commerce and Industry Minister Nirmala Sitharaman and MSME Minister Kalraj Mishra, along with India’s Minister...
  • Yesterday
    Asia Pacific Foundation of Canada President and CEO Stewart Beck, Canada’s former High Commissioner to India, has joined betterU Education Corporation’s Board of Advisors. An education technology company with headquarters in Ottawa and its operating office in Mumbai, betterU connects online education from global educators with the India marketplace.
  • 2 days ago
    Toronto-headquartered global toy maker Spin Master Ltd. has filed a civil proceeding against Dongguan Moral Region Co. Ltd., the manufacturer of Fuzzy Wonderz and Hibou Egg, with the Guangzhou Intellectual Property Court in China for its alleged patent infringement of Spin Master’s popular Hatchimals toy. This is Spin Master’s first civil action in China for Hatchimals, which recently received...
  • 2 days ago
    Toronto-headquartered mining prospector Arena Minerals Inc. has expanded its joint venture with Japan Oil Gas and Metals National Corporation (JOGMEC) to add a second drill rig to the Pampa Union drill program in Chile. The project is focused on a porphyry system consistent with copper and molybdenum deposits. JOGMEC is a Japanese state-owned company with a mandate of investing in exploration...
  • 2 days ago
    Montreal-headquartered Bombardier Inc.’s Bombardier Transportation and its Malaysian partner Hartasuma SDN BHD will deliver an additional 27 trains for the Kelana Jaya Light Rail Transit (LRT) line in Malaysia, which services the fast-growing Greater Kuala Lumpur area. The order from Prasarana Malaysia Berhad is valued at approximately US$388 million, with Bombardier's share valued at...
  • 5 days ago
    Export Development Canada (EDC) has announced that it has established its first global branch outside of Canada in Singapore. EDC’s new branch will bring its global-scale financing business closer to projects and companies across Asia by negotiating and underwriting its financing from Singapore. The new Singapore branch is expected to play an important role in doubling EDC’s loan bookings by 2021...
  • 5 days ago
    The Vancouver Nation 2 Nation (N2N) Forum, organized by All Nations Consulting and Coaching, is taking place place in Vancouver on March 30. The Forum will provide an opportunity to showcase economic and business development priorities from First Nations perspectives, as well as the reality of doing business with First Nations on First Nations territories. It will also provide a platform for...
  • 6 days ago
    Quebec City-headquartered NuRAN Wireless Inc. has been selected by the Philippine’s Globe Telecom to facilitate the next phase of the operator's continuing rural connectivity program. Globe's selection of NuRAN follows a successful two-site equipment trial conducted in 2016. The next phase consists of the deployment and live operation of 50 sites within various villages in the Philippines, which...
  • 6 days ago
    Vancouver-headquartered Brookfield Asset Management Ltd. is reported to be vying with American Tower Corporation for the telecommunications infrastructure operated by India’s Idea Cellular and Vodafone Group PLC, respectively, which could bring a combined US$2.03 billion. Vodafone and Idea, which agreed this week to merge their Indian operations, are running separate sale processes, though the...
  • March 22, 2017
    Prince Edward Island (PEI) Premier Wade MacLauchlan is leading a trade mission to China, PEI’s second largest trading partner, from March 22-31. The mission includes Economic Development and Tourism Minister Heath MacDonald and 21 Island businesses and education institutions. It is aimed at expanding the province’s partnerships with China in food, advanced manufacturing, education, and tourism....
  • March 22, 2017
    Toronto-headquartered Redknee Solutions Inc. has won a multimillion-dollar contract to upgrade a Tier 1 communication service provider in Japan. The operator is experiencing increasing demand for 4G services as its subscriber base expands rapidly. The Redknee's upgrade will support more than 30 million subscribers and adds support for new capabilities such as Voice-over-LTE (VoLTE). Redknee...
  • March 21, 2017
    Toronto Mayor John Tory, along with representatives of the Canadian government and Sri Lankan government and business leaders, will attend a celebration for the commencement of Dartmouth, Nova Scotia-headquartered Ceylon Graphite’s operations in Sri Lanka. The reception will also acknowledge the history of investment in Sri Lanka by Ceylon Graphite’s founder, Toronto-based Sasha Jacob, and Jacob...
  • March 21, 2017
    Breathe Canada has announced that its portable Canadian air canisters are now available for sale through Taobao, a Chinese e-commerce website. Breathe Canada’s mission is to share clean air globally, providing breathable, imported Canadian air to people worldwide. In addition to providing lab-tested Canadian air to Chinese consumers, the company also participates in carbon offsetting and tree...
  • March 21, 2017
    The Dante Aligheri Society of BC will host UBC professor of Italian Studies, Gaoheng Zhang, at a talk focused on the manufacturing sectors in China and Italy at UBC Robson Square on Monday, April 10th at 6:00 p.m. The talk will address the textile and clothing industry in Prato, in the Tuscan region of Italy, in which the Chinese diaspora has been increasingly involved in the production of low-...
  • March 20, 2017
    Calgary-based Sunshine Oilsands Ltd., an energy company focused on the development of its oil sands leases, has signed a Memorandum of Understanding (MOU) with the China Petroleum Engineering & Construction Corporation (CPECC) in relation to the West Ells Phase II project expansion in Alberta. The project’s Phase II requires approximately US$50 million for completion, after which time the...
  • March 20, 2017
    Peak Positioning Technologies Inc., a Montreal-based IT portfolio management company that acts as an investment bridge for North American investors to China and develops and operates financial technology (Fintech) platforms for Chinese companies, has established a new fintech subsidiary in Shanghai. Named Asia Synergy Data Solutions, the subsidiary will operate a platform that uses data analysis...
  • March 17, 2017
    Canada Pension Plan Investment Board (CPPIB), Singapore’s GIC and Chicago-based The Scion Group LLC have announced that their student housing joint venture, Scion Student Communities LP, has acquired three student housing portfolios in the United States for approximately US$1.6 billion. CPPIB and GIC each own a 45% interest in the three portfolios and Scion owns the remaining 10%. Toronto-based...

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