标签： Asia

The Adani Group, in collaboration with its partners, is advancing the expansion of the $840 million Colombo West International Terminal in Sri Lanka, aiming to double its capacity by late 2026, ahead of the original schedule. This development comes despite the group’s decision to withdraw a $553 million funding request from the U.S. International Development Finance Corp, opting instead to finance the project through internal resources. The terminal, strategically located next to a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s pivotal role in the geopolitical competition for influence in the Indian Ocean between India and China. The first phase of the fully automated terminal became operational in April, with the second phase now underway. Zafir Hashim, head of transportation at John Keells Holdings, a key partner, revealed that the project is progressing three to four months ahead of the February 2027 deadline. Upon completion, the terminal will handle 3.2 million containers annually, significantly boosting Colombo’s port throughput. The majority of the terminal’s business originates from India. Despite controversies, including allegations of bribery against Adani Group Chairman Gautam Adani—which the group has denied—Hashim expressed confidence in the partnership, stating that Adani has been a reliable collaborator. Adani Ports and Special Economic Zone holds a 51% stake in the terminal, with John Keells owning 34% and the Sri Lanka Ports Authority holding the remainder. Sri Lanka is also exploring further renewable energy investments with Adani, despite earlier disagreements over wind power projects. In February, Adani withdrew from two proposed $1 billion wind projects after the Sri Lankan government sought to renegotiate power purchase rates. However, the group later showed renewed interest by purchasing bid documents for smaller wind projects, signaling potential future collaborations.

Nissan Motor Co Ltd is intensifying its efforts to enhance cost efficiency by studying the practices of Chinese suppliers and integrating their methods into its global operations. The Japanese automaker aims to reduce variable costs by 250 billion yen ($1.71 billion) as part of a broader efficiency initiative, according to Tatsuzo Tomita, Nissan’s chief of total delivered cost transformation. Tomita highlighted the effectiveness of Chinese suppliers in utilizing standardized parts and fostering close collaboration with designers, practices that Nissan is now exploring for its current and future vehicle parts. This strategic move is part of Nissan’s ongoing turnaround plan, which includes cutting approximately 20,000 jobs and consolidating seven plants. The company has set an ambitious target of achieving 500 billion yen in cost reductions by March 2027, with half expected to come from fixed costs and the remainder from variable costs. The initiative aims to secure operating profit and positive free cash flow in Nissan’s automotive business by the same deadline. Following the announcement, Nissan’s shares rose by 1.6%, reaching their highest level since late May. Tomita emphasized that the company is not reducing its supplier base but rather strengthening collaboration. He noted that Chinese suppliers are expanding globally, with operations in Hungary, Morocco, and Turkey, and are being considered as potential partners in Nissan’s international strategy. While acknowledging the significant challenge of the 250 billion yen variable cost reduction target, Tomita expressed confidence in achieving it by maintaining the current momentum and sourcing innovative ideas from employees. The impact of these cost-saving measures is expected to become more apparent by the end of this year or next year, varying across different vehicle models.

Urban Company Limited, a leading player in India’s home-services sector, made a spectacular debut on the National Stock Exchange (NSE) on September 17, 2025. The company’s shares surged by 74%, catapulting its valuation to nearly $3 billion. This marked one of the most successful initial public offerings (IPOs) of 2025, with the issue being oversubscribed by a staggering 103.65 times, attracting bids worth approximately $13 billion. Urban Company’s stock opened at a 57.5% premium to its issue price, far exceeding analysts’ predictions of a 40%-51% upside. The shares hit a high of 179 rupees during the trading session and closed at 166.8 rupees, up 62% from the issue price. The IPO’s success underscores investor confidence in Urban Company’s dominance of India’s largely unorganized home-services market, which is projected to grow at a compound annual growth rate of 22.4% from 2023 to 2030, according to Grand View Research. Aishvarya Dadheech, founder of Fident Asset Management, noted that the enthusiasm reflects Urban Company’s position as a long-term play on digital adoption and rising demand for home services. The listing also coincided with a broader uptick in Indian equities, buoyed by optimism surrounding U.S.-India trade talks. The blue-chip Nifty 50 index has risen 7% in 2025 but remains 4% below its record levels from a year ago. Urban Company’s debut is a testament to the resilience and growth potential of India’s IPO market, which has rebounded after a slow start to the year and is on track to set new fundraising records.

Japan’s leading power generator, JERA Co., Inc., is in advanced negotiations to acquire natural gas production assets in the United States for approximately $1.7 billion, according to sources familiar with the matter. This move underscores Japan’s strategic efforts to secure energy resources amid global market volatility and rising demand. The assets in question are owned by GEP Haynesville II, a joint venture between Blackstone-backed GeoSouthern Energy and pipeline operator Williams Companies. JERA has emerged as the top bidder, outpacing several U.S.-based energy firms, though the deal remains subject to finalization. This acquisition would mark JERA’s first venture into shale gas production, granting the world’s largest liquefied natural gas (LNG) buyer greater control over its supply chain. The deal aligns with Japan’s broader strategy to diversify energy sources, particularly in light of Russia’s invasion of Ukraine, which disrupted global energy markets. Additionally, the U.S.-Japan trade agreement, finalized earlier this month, commits Japan to $7 billion in annual energy purchases from the U.S., further bolstering bilateral energy ties. GEP Haynesville II, a major producer in the Haynesville shale basin spanning Texas and Louisiana, is expected to nearly double its output by 2028, according to Rystad Energy. The Haynesville basin’s proximity to LNG export facilities on the U.S. Gulf Coast has made it a highly sought-after asset. While JERA declined to comment, the potential acquisition highlights Japan’s growing reliance on U.S. energy resources to meet its domestic needs and support its technological advancements, including the AI-driven surge in data center power demand.