News Service

  • March 8, 2018
    Two of Toronto's biggest attractions are now accepting two of China's biggest mobile payment options. WeChat Pay and Alipay are now being accepted at the CN Tower and Ripley's Aquarium of Canada. Both attractions can now accept payment in Chinese RMB converted to Canadian dollars via their respective apps. Together, WeChat Pay and Alipay have more than 1.3 billion active users. The apps launched...
  • March 8, 2018
    Kitchener, Ontario-headquartered Avidbots Corp. has announced the opening of a regional sales and service office in Hong Kong. The office will support customers throughout the Asia Pacific Region, with a focus on direct sales in the Hong Kong and Macau markets as well as support for market entry into mainland China. Avidbots manufactures a purpose-built floor scrubbing robot that integrates state...
  • March 8, 2018
    British Columbia's Seaspan Shipyards has announced it has been awarded an upgrade project as a subcontractor for Lockheed Martin Canada on two Royal New Zealand Navy's ANZAC Class frigates. The project will upgrade the surveillance, combat and self-defence capabilities of the ANZAC frigates. The HMNZS TE KAHA arrived in Canada this week to commence the necessary work at Seaspan's Victoria...
  • March 7, 2018
    In partnership with the Canada-Japan Inter-Parliamentary Group and other organizations, the Trading Opportunities with Japan event will focus on where trading opportunities can be found and how more can be created. The Inter-Parliamentary Group is eager to hear about the challenges that importers, exporters and investors are facing and the solutions that can be developed to overcome them. This...
  • March 7, 2018
    Woodside’s rights to develop the Grassy Point LNG site, about 30 km north of Prince Rupert, expired on Jan. 15, and the company announced today that it has decided not to renew the agreement. The Australian company instead intends to focus on the Kitimat LNG project, in which it shares a 50-per-cent partnership with Chevron. Woodside had done little work on the Grassy Point project to export up...
  • March 7, 2018
    Montreal-headquartered Bombardier Inc.'s Bombardier Transportation has signed an asset replacement contract with Singapore's Land Transport Authority. The deal includes the supply of 19 new cars and the retrofitting of 13 existing Bombardier cars, as well as delivering a signalling system upgrade for 14 stops on the Bukit Panjang Light Rail Transit Line. The contract is valued at approximately US...
  • March 6, 2018
    Toronto-headquartered The Stars Group Inc. has entered into definitive agreements to increase its equity interest in CrownBet Holdings Pty. Ltd. from 62 per cent to 80 per cent and for CrownBet to acquire William Hill Australia Holdings Pty Ltd. The aggregate purchase price for both transactions will be approximately US$315 million, of which US$234 million will be payable in cash for William Hill...
  • March 6, 2018
    Toronto-headquartered Blue Ant Media, an international content producer, distributor and channel operator, has announced that it has acquired Australian Geographic magazine, and its associated assets, from Bauer Media. The deal will see the bi-monthly Australian wildlife and nature magazine, which has a readership of more than 540,000, operate out of Northern Pictures' office in Sydney, Australia...
  • March 6, 2018
    Toronto-headquartered Desert Lion Energy Inc. has entered into an offtake agreement with Chinese lepidolite converter Jiangxi Jinhui Lithium Co. Ltd. to sell lithium concentrate from the company's stockpiled materials at its Rubicon and Helikon properties in Namibia exclusively to Jinhui. Based in Yinchuan, China, Jinhui is a chemical converter that produces lithium carbonate and lithium...
  • March 5, 2018
    Join the Asia Pacific Foundation of Canada on March 15, 2018 for a special Floor 9 Salon Series presentation on displacement, statelessness, and human rights and identity with acclaimed Canadian/American documentary photographer Greg Constantine. Greg's presentation – driven by his stunning photography and first-hand experiences among the displaced persons of the Asia Pacific – will address the...
  • March 5, 2018
    Vancouver-headquartered China Gold International Resources Corp. Ltd. has announced eligibility of its shares for southbound trading under the Shenzhen-Hong Kong Stock Connect. The move follows China Gold's inclusion as a constituent stock of the Hang Seng Composite SmallCap Index effective March 5, 2018, and provides investors from mainland China the opportunity to directly invest in the company...
  • March 2, 2018
    Canadian Solar Inc., one of the largest solar power companies headquartered in Guelph, announced that it has secured a non-recourse project finance facility of up to JPY 16 billion (C$195 million) from Shinsei Bank for its 53.4 MWp Oita Hijimachi solar power project. This non-recourse facility, with 18.5-year tenor, will enable a potential sale of the solar power project to Canadian Solar...
  • March 2, 2018
    Montreal-based Fiera Capital Corporation announced that it has signed a definitive agreement to acquire Clearwater Capital Parners, LLC, a leading Asia-focused credit and special situations investment firm based in Hong Kong. Clearwater has US$1.4 billion in assets under management and operates five offices across Asia-Pacific and the United States (Hong Kong, Singapore, Seoul, Mumbai, and...
  • March 2, 2018
    The Asia Pacific Foundation of Canada is hosting the third annual meeting of the Asia Business Leaders Advisory Council (ABLAC) 2018 in Toronto, Ontario. ABLAC gathers a C-suite group of business leaders in Asia and Canada to provide a forum for an open and candid dialogue on how Canada can realize the full potential of its business and economic engagement with Asia, as well as providing...
  • March 1, 2018
    South Korean Government has opened the application for the Korean Government Scholarship Program (KGSP) for Canadian researchers pursuing Korean Studies at the graduate level in an eligible Korean post-secondary institution. The scholarship will cover airfare to and from South Korea; tuition fee exemption; a monthly living allowance of 900,000 KRW; a settlement allowance of 200,000 KRW; a bi-...
  • March 1, 2018
    China’s cross-border e-commerce has been growing in recent years in terms of both volume and value. With increasingly sophisticated customers who have rapidly evolving expectations, Asia’s largest economy is expected to become the world’s largest e-commerce market by 2020, with e-commerce transactions expected to reach almost 50 trillion yuan, or approximately C$9.4 billion. This report is...
  • March 1, 2018
    South Korean refiner Hyundai Oilbank has bought its first cargo of Canadian Cold Lake crude oil, according to three sources with knowledge of the matter. Hyundai Oilbank bought 300,000 barrels of crude from Chevron Corp as part of its efforts to diversify its crude imports and gain access to cheaper Canadian oil. Hyundai Oilbank declined to comment on the matter. Cold Lake oil sands are located...
  • February 28, 2018
    Vancouver-based Japan Gold has reported the results from its 2017 exploration program at the Aibetsu Epithermal Gold-Silver Project. The results of this program confirm the presence of high-grade gold mineralization in the mine workings and point to significant potential for extensions to the epithermal vein system at the Tokusei mine. The 2017 exploration program included rock chip sampling,...
  • February 28, 2018
    Richmond-based MHGroup, a biotechnology firm, has signed a memorandum of understanding with Vietnam’s Minh Hung Group and the U.S.’s Avure Technologies, Inc. to build a high-pressure processing (HPP) plant in Vietnam, which is estimated to cost US$22.03 million. The project will start in September 2018 in the province of Long An, southern Vietnam, and is expected to take nine months of...
  • February 28, 2018
    Montreal-based Siyata Mobile Inc. has entered into an agreement with Logic Wireless Ltd., a distributor of two-way radio products, to distribute Siyata mobile push-to-talk-over-cellular (PoC) products across Australia and New Zealand. Logic Wireless focuses on distributing high-quality communication solutions in government, utility, forestry, mining, and transportation sectors; and it has reach...

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