or SG Digest: Clifford Capital sets up holding co; Bayfront partners 15 banks By www.dealstreetasia.com Published On :: Wed, 29 Apr 2020 07:13:23 +0000 Bayfront Infrastructure Management is collaborating with 15 banks for infrastructure loan acquisitions. The post SG Digest: Clifford Capital sets up holding co; Bayfront partners 15 banks appeared first on DealStreetAsia. Full Article Bayfront Infrastructure Management Clifford Capital Pte Ltd
or Singapore’s Hontop Energy in talks with banks to manage debt By www.dealstreetasia.com Published On :: Thu, 30 Apr 2020 12:50:37 +0000 The company went into receivership in February after DBS appointed KPMG as the receiver. The post Singapore’s Hontop Energy in talks with banks to manage debt appeared first on DealStreetAsia. Full Article DBS hontop
or Editor’s take: The week that was – April 27-May 1 By www.dealstreetasia.com Published On :: Sun, 03 May 2020 01:30:31 +0000 Headlines this week were dominated by more companies running into trouble amid the virus crisis. The post Editor’s take: The week that was – April 27-May 1 appeared first on DealStreetAsia. Full Article
or COVID-19 spurs surge in demand for SG-based sexual wellness firm’s Smile Makers By www.dealstreetasia.com Published On :: Tue, 05 May 2020 00:34:03 +0000 Singapore-based Ramblin' Brands raised a $4.4-million round from DSG Consumer Partners in 2016. The post COVID-19 spurs surge in demand for SG-based sexual wellness firm’s Smile Makers appeared first on DealStreetAsia. Full Article DSG Consumer Partners (DSGCP) Mattias Hulting Ramblin’ Brands Smile Makers
or Singapore’s ARA, tycoon John Lim buy 52.08% stake in crowdfunding platform Minterest By www.dealstreetasia.com Published On :: Tue, 05 May 2020 06:32:55 +0000 The deal marks ARA Asset Management's entry into the fintech sector. The post Singapore’s ARA, tycoon John Lim buy 52.08% stake in crowdfunding platform Minterest appeared first on DealStreetAsia. Full Article ARA ARA Asset Management Ltd John Lim John Lim Family Office
or Deutsche Bank unit DWS acquires warehouse in Singapore By www.dealstreetasia.com Published On :: Wed, 06 May 2020 04:18:06 +0000 The property benefits from a prominent location in Jurong close to the upcoming Tuas Megaport. The post Deutsche Bank unit DWS acquires warehouse in Singapore appeared first on DealStreetAsia. Full Article DWS
or Alibaba unit buys 50% stake in Singapore’s AXA Tower By www.dealstreetasia.com Published On :: Wed, 06 May 2020 08:59:08 +0000 The deal values the 50-storey office development at S$1.68 billion ($1.2 billion). The post Alibaba unit buys 50% stake in Singapore’s AXA Tower appeared first on DealStreetAsia. Full Article AXA Tower Perennial Real Estate Holdings
or Everstone exits Singapore-based HR service provider Excelity Global By www.dealstreetasia.com Published On :: Thu, 07 May 2020 09:16:12 +0000 The transaction is expected to close during the second quarter of 2020. The post Everstone exits Singapore-based HR service provider Excelity Global appeared first on DealStreetAsia. Full Article Ceridian Everstone Group Excelity Global Solutions Pte Ltd
or KKR sees Asia portfolio as driver for growth amid virus crisis By www.dealstreetasia.com Published On :: Thu, 07 May 2020 10:17:47 +0000 KKR has about $58 billion in dry powder for new investments. The post KKR sees Asia portfolio as driver for growth amid virus crisis appeared first on DealStreetAsia. Full Article KKR Scott Nuttall
or GIC takes stake in LatAm outsourcing player Atento in debt-for-equity deal By www.dealstreetasia.com Published On :: Fri, 08 May 2020 05:58:40 +0000 Atento claims to be the largest customer relationship management and BPO player in Latin America. The post GIC takes stake in LatAm outsourcing player Atento in debt-for-equity deal appeared first on DealStreetAsia. Full Article Atento Bain Capital GIC Pte HPS Investment Partners
or Editor’s take: The week that was – May 4-8 By www.dealstreetasia.com Published On :: Sun, 10 May 2020 01:30:35 +0000 China continued to dominate the megadeal market in the week, with car trader Chehaoduo alone bagging $200 million. The post Editor’s take: The week that was – May 4-8 appeared first on DealStreetAsia. Full Article
or Southeast Asian operators bullish on co-living growth prospects but see it as long-term play By www.dealstreetasia.com Published On :: Thu, 12 Mar 2020 00:57:33 +0000 Despite the recent pressure of Covid-19, key SEA co-living operators said they would continue to expand this year. The post Southeast Asian operators bullish on co-living growth prospects but see it as long-term play appeared first on DealStreetAsia. Full Article co-living
or Singapore inches towards first recession in two decades amid COVID-19, Malaysia travel ban By www.dealstreetasia.com Published On :: Wed, 18 Mar 2020 13:52:15 +0000 Most economists have cemented their expectations for the MAS to ease policy at its review scheduled for April. The post Singapore inches towards first recession in two decades amid COVID-19, Malaysia travel ban appeared first on DealStreetAsia. Full Article ANZ MAS
or Coronavirus lockdown gets dealmakers, entrepreneurs jittery in Malaysia By www.dealstreetasia.com Published On :: Wed, 18 Mar 2020 23:45:57 +0000 The Malaysian government announced a nationwide lockdown from March 18 to 31 to avoid the spread of the novel coronavirus. The post Coronavirus lockdown gets dealmakers, entrepreneurs jittery in Malaysia appeared first on DealStreetAsia. Full Article COVID-19
or Malaysia’s EPF said to have acquired London office block for $379m By www.dealstreetasia.com Published On :: Thu, 19 Mar 2020 05:30:28 +0000 EPF has been open to increasing its overseas portfolio to diversify its investment risk. The post Malaysia’s EPF said to have acquired London office block for $379m appeared first on DealStreetAsia. Full Article EPF
or Malaysia explores debt options, M&A to bail out airlines By www.dealstreetasia.com Published On :: Wed, 25 Mar 2020 11:12:08 +0000 It is exploring setting up a vehicle to take over the debt of Malaysia Airlines and AirAsia. The post Malaysia explores debt options, M&A to bail out airlines appeared first on DealStreetAsia. Full Article AirAsia Malaysia Airlines
or Malaysia’s latest stimulus package gets thumbs down from businesses, investors By www.dealstreetasia.com Published On :: Mon, 30 Mar 2020 08:36:09 +0000 Measures announced by the govt, such as tax and loan deferments, are unlikely to boost VC investments. The post Malaysia’s latest stimulus package gets thumbs down from businesses, investors appeared first on DealStreetAsia. Full Article
or COVID-related assistance emerges for SEA’s hard-hit startup ecosystem By www.dealstreetasia.com Published On :: Thu, 02 Apr 2020 17:46:07 +0000 VCs, startups and industry associations have banded together to offer funds and assistance. The post COVID-related assistance emerges for SEA’s hard-hit startup ecosystem appeared first on DealStreetAsia. Full Article COVID-19 Cradle Seed Ventures Kejora Venturs Malaysia RHL Ventures Vynn Capital
or Malaysia streaming platform iflix cuts staff as debt deadline, virus uncertainties loom By www.dealstreetasia.com Published On :: Fri, 03 Apr 2020 00:53:14 +0000 CEO Marc Barnett described the layoffs as a response to uncertainties surrounding the impact of the COVID-19 pandemic. The post Malaysia streaming platform iflix cuts staff as debt deadline, virus uncertainties loom appeared first on DealStreetAsia. Full Article iflix
or Malaysian firm offers $2.5b for Khazanah-backed ailing state carrier By www.dealstreetasia.com Published On :: Mon, 06 Apr 2020 17:03:10 +0000 Golden Skies Ventures has secured financing for the deal from an undisclosed European bank. The post Malaysian firm offers $2.5b for Khazanah-backed ailing state carrier appeared first on DealStreetAsia. Full Article Golden Skies Ventures Malaysia Airlines
or COVID-19 could alter trajectory of ASEAN’s digital economy growth, says World Bank economist By www.dealstreetasia.com Published On :: Tue, 07 Apr 2020 01:00:36 +0000 The current crisis demands greater use of digital services over good quality, resilient broadband infrastructure. The post COVID-19 could alter trajectory of ASEAN’s digital economy growth, says World Bank economist appeared first on DealStreetAsia. Full Article World Bank
or Malaysian drone firm Aerodyne to seize global M&A opportunities amid virus turbulence By www.dealstreetasia.com Published On :: Wed, 08 Apr 2020 22:53:30 +0000 The company plans to complete as many as seven mergers and acquisitions over the next two years. The post Malaysian drone firm Aerodyne to seize global M&A opportunities amid virus turbulence appeared first on DealStreetAsia. Full Article Aerodyne
or Khazanah sceptical about GSV’s $2.5b offer for Malaysia Airlines By www.dealstreetasia.com Published On :: Wed, 08 Apr 2020 23:35:29 +0000 GSV submitted its proposal last month to Morgan Stanley, which Khazanah has hired to manage the airline’s search for a strategic partner. The post Khazanah sceptical about GSV’s $2.5b offer for Malaysia Airlines appeared first on DealStreetAsia. Full Article Golden Skies Ventures Khazanah Nasional Bhd
or SEA’s co-working operators fight for survival amid COVID-19 outbreak By www.dealstreetasia.com Published On :: Thu, 09 Apr 2020 21:59:39 +0000 The co-working sector is likely to stare at a spate of consolidations as lockdown drags down revenues of companies. The post SEA’s co-working operators fight for survival amid COVID-19 outbreak appeared first on DealStreetAsia. Full Article coworking
or Malaysia Airlines, Khazanah in talks with government to seek more funds By www.dealstreetasia.com Published On :: Sun, 12 Apr 2020 17:48:42 +0000 The Malaysian government has been seeking a strategic partner for its financially ailing national airline. The post Malaysia Airlines, Khazanah in talks with government to seek more funds appeared first on DealStreetAsia. Full Article Khazanah Nasional Bhd Malaysia Airlines
or Malaysia, Shenzhen stock exchanges sign MoU to improve cross-border collaboration By www.dealstreetasia.com Published On :: Wed, 15 Apr 2020 23:09:49 +0000 Bursa Malaysia said both exchanges would collaborate on several areas of mutual interest aimed at strengthening ties and promoting the flow of investment. The post Malaysia, Shenzhen stock exchanges sign MoU to improve cross-border collaboration appeared first on DealStreetAsia. Full Article Bursa Malaysia Bhd Shenzhen stock exchange
or Malaysia’s PE, VC sector sees slight dip in total fund commitment in 2019 By www.dealstreetasia.com Published On :: Thu, 16 Apr 2020 10:35:36 +0000 Divestment activity jumped nearly four times to $145.03 million from $36.99 million a year ago, SC data shows. The post Malaysia’s PE, VC sector sees slight dip in total fund commitment in 2019 appeared first on DealStreetAsia. Full Article Securities Commission Malaysia
or Southeast Asia’s realty market braces for short-term instability By www.dealstreetasia.com Published On :: Fri, 17 Apr 2020 00:25:29 +0000 The crisis has also unearthed new opportunities for investors eyeing distressed hospitality and retail assets. The post Southeast Asia’s realty market braces for short-term instability appeared first on DealStreetAsia. Full Article COVID-19 Jones Lang LaSalle (JLL) Knight Frank
or Malaysia’s Serba Dinamik to raise $53.5m for gearing, working capital By www.dealstreetasia.com Published On :: Thu, 23 Apr 2020 09:50:00 +0000 The firm is offering 5 per cent of its existing outstanding shares, priced at a discount between 1.49-1.52 ringgit per share. The post Malaysia’s Serba Dinamik to raise $53.5m for gearing, working capital appeared first on DealStreetAsia. Full Article Serba Dinamik Holdings Bhd
or SC Malaysia allows distribution of capital market products via e-service platforms By www.dealstreetasia.com Published On :: Tue, 05 May 2020 10:07:56 +0000 SC will facilitate the online distribution of capital market products such as unit trusts. The post SC Malaysia allows distribution of capital market products via e-service platforms appeared first on DealStreetAsia. Full Article e wallet e-payments platform Malaysia’s Securities Commission
or Japanese PE investor INCJ mulls stake sale in Axiata tower arm By www.dealstreetasia.com Published On :: Thu, 07 May 2020 21:37:38 +0000 INCJ bought the shares from Edotco parent Axiata for $400 million via a private placement in 2017. The post Japanese PE investor INCJ mulls stake sale in Axiata tower arm appeared first on DealStreetAsia. Full Article Axiata edotco INCJ
or Gojek-Grab battle in Indonesia opens way for US mapping startup By www.dealstreetasia.com Published On :: Sun, 19 Apr 2020 14:34:37 +0000 StreetCred hopes super apps battling for dominance in Indonesia will find its data equally valuable. The post Gojek-Grab battle in Indonesia opens way for US mapping startup appeared first on DealStreetAsia. Full Article Gojek Grab
or Southeast Asian startups tighten purse-strings as coronavirus hits revenue By www.dealstreetasia.com Published On :: Mon, 20 Apr 2020 04:21:01 +0000 Many startups are scrambling to cut costs - slicing payrolls and the wages of those still on the job. The post Southeast Asian startups tighten purse-strings as coronavirus hits revenue appeared first on DealStreetAsia. Full Article cash burn coronavirus FOMO Pay
or Facebook in talks with GoPay, OVO, LinkAja for mobile payments launch By www.dealstreetasia.com Published On :: Mon, 20 Apr 2020 12:59:39 +0000 The three firms are working with FB to apply for regulatory approval to launch the service in the country. The post Facebook in talks with GoPay, OVO, LinkAja for mobile payments launch appeared first on DealStreetAsia. Full Article Facebook GoPay LinkAja ovo
or StanChart, Astra agree to reduced sale price for stake in Bank Permata By www.dealstreetasia.com Published On :: Mon, 20 Apr 2020 16:08:33 +0000 The purchase price values Permata at 1.63 times its book value as of March 31, down from 1.77. The post StanChart, Astra agree to reduced sale price for stake in Bank Permata appeared first on DealStreetAsia. Full Article Bank Permata StanChart
or Silicon Valley-based Sovereign’s Capital closes $60m fund for SEA push By www.dealstreetasia.com Published On :: Tue, 21 Apr 2020 12:58:30 +0000 The firm's portfolio companies in SEA include Grab, Berry Kitchen, and goKampus, among others. The post Silicon Valley-based Sovereign’s Capital closes $60m fund for SEA push appeared first on DealStreetAsia. Full Article Sovereigns Capital
or PE firm Northstar makes first close of Indonesia-focused fifth fund By www.dealstreetasia.com Published On :: Wed, 22 Apr 2020 02:47:31 +0000 The first close represents one-third of the fund’s $800-million target. The post PE firm Northstar makes first close of Indonesia-focused fifth fund appeared first on DealStreetAsia. Full Article Northstar Group
or [Updated] Hotel operator RedDoorz declares force majeure in Indonesia By www.dealstreetasia.com Published On :: Thu, 23 Apr 2020 08:27:55 +0000 RedDoorz said it was unable to fulfil its commitments on its contracts due to COVID-19 outbreak The post [Updated] Hotel operator RedDoorz declares force majeure in Indonesia appeared first on DealStreetAsia. Full Article RedDoorz
or [Updated] Global P2P platform Mintos suspends Indonesia’s Akulaku over late payments By www.dealstreetasia.com Published On :: Thu, 23 Apr 2020 13:30:11 +0000 Akulaku and Mintos are said to have reached an agreement on a restructured repayments schedule. The post [Updated] Global P2P platform Mintos suspends Indonesia’s Akulaku over late payments appeared first on DealStreetAsia. Full Article AFPI Akulaku Asetku Julo OJK
or Asia Digest: Shorooq backs 360VUZ; Amartha CEO steps down By www.dealstreetasia.com Published On :: Mon, 27 Apr 2020 06:09:10 +0000 The Series A round has brought 360VUZ’s total funding amount to $7 million. The post Asia Digest: Shorooq backs 360VUZ; Amartha CEO steps down appeared first on DealStreetAsia. Full Article 360VUZ Amartha ruangguru Shorooq Partners
or Indonesia seeks to shore up public trust with insurer consolidation By www.dealstreetasia.com Published On :: Tue, 28 Apr 2020 00:59:11 +0000 The plan does not so far include insurers Jiwasraya and Asabri that have been rocked by management scandals. The post Indonesia seeks to shore up public trust with insurer consolidation appeared first on DealStreetAsia. Full Article
or Indonesia halts job creation bill targeting foreign investment By www.dealstreetasia.com Published On :: Tue, 28 Apr 2020 05:23:11 +0000 The omnibus bill on job creation limits increases in the minimum wage and eases conditions for firing employees. The post Indonesia halts job creation bill targeting foreign investment appeared first on DealStreetAsia. Full Article
or Indonesia to subsidise interest payments for virus-hit smaller firms By www.dealstreetasia.com Published On :: Wed, 29 Apr 2020 23:14:20 +0000 Small companies account for more than half of Indonesia's gross domestic product and provide many jobs in the country of more than 260 million people. The post Indonesia to subsidise interest payments for virus-hit smaller firms appeared first on DealStreetAsia. Full Article Sri Mulyani Indrawati
or Indonesia Digest: East Ventures raises $609k for COVID-19 test kits; BukuKas bags seed funding By www.dealstreetasia.com Published On :: Thu, 30 Apr 2020 04:18:01 +0000 BukuKas has raised a seed funding round led by Sequoia Capital India through its startup programme Surge. The post Indonesia Digest: East Ventures raises $609k for COVID-19 test kits; BukuKas bags seed funding appeared first on DealStreetAsia. Full Article BukuKas East Ventures
or Indonesia’s B2C logistics startups see deal traction as demand soars for last-mile services By www.dealstreetasia.com Published On :: Thu, 07 May 2020 00:42:07 +0000 There are several logistics deals in the pipeline that would likely be closed as early as by June. The post Indonesia’s B2C logistics startups see deal traction as demand soars for last-mile services appeared first on DealStreetAsia. Full Article ACVentures KarGo Sicepat Ekspres Waresix
or 34 more test positive for COVID-19 in Bihar, total count 629 By economictimes.indiatimes.com Published On :: 2020-05-10T10:49:15+05:30 Of the 34, 11 hail from Begusarai, seven each from Saharsa and Madhepura, five, including a woman, from Rohtas, two from Darbhanga and one each from Khagaria and Araria districts. Full Article
or Indian, Chinese troops clash near Naku La in Sikkim sector By economictimes.indiatimes.com Published On :: 2020-05-10T10:54:02+05:30 "Troops resolve such issues mutually as per established protocols. Such an incident occurred after a long time," said a source. Full Article
or China reports first coronavirus case in Wuhan since April 3 By economictimes.indiatimes.com Published On :: 2020-05-10T10:57:39+05:30 While China had officially designated all areas of the country as low-risk last Thursday, the new cases according to data published on Sunday represent a jump from the single case reported for the day before. The number was lifted by a cluster of 11 in Shulan city in northeastern Jilin province. Full Article
or Gas leak and after: The misery continues for some By economictimes.indiatimes.com Published On :: 2020-05-10T11:52:31+05:30 Over 200 people were still undergoing treatment in the KGH, but their condition was said to be stable. Visakhapatnam district in-charge Minister K Kanna Babu, who visited the hospital and spoke to some of the victims, said all the patients were fast recovering. Full Article
or Lockdowns do no help much in lower & middle income countries, important to let people work: Lancet Paper By economictimes.indiatimes.com Published On :: 2020-05-10T12:07:15+05:30 “Let shopkeepers sell their wares and provide services. Let construction workers return to building sites. Allow farmers to harvest their crops and to transport them to be sold on the open market,” the authors wrote, while arguing that restrictions should be placed only in clusters which report higher number of cases. Full Article