India
The incentives range from cashbacks to reward points, similar to those offered on credit and debit cards.
PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS Group
DEG commits $25m loan for Silver Dragon Water Supply Group
Chinese coffee chains see Japan as key testing ground ahead of global expansion
Tech-enabled B2B commerce struggles to survive in Indonesia, Vietnam but hope lingers on
Indonesian investment firm Saratoga seeks to build a more sustainable portfolio
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Editor’s take: The week that was—Oct 23-28
GoTo-backed digital lender Bank Jago’s profit jumps 24% in 9M 2023
Sequoia Capital marks up the value of 15 funds, writes down four
With funding in purse, From This Island joins starry lineup of beauty brands in Indonesia
SE Asian venture funding in Jan-Sept 2023 retreats below pandemic levels
Greater China
Tencent and Temasek subsidiary Dahlia were among the IPO’s cornerstone investors.
World
The asset manager is committing $275m, Sources told Reuters.
In 2022, the JV lost $30.75m.
Vietnam
AEON sees Vietnam as an important market in its overseas strategy.
The refinancing was concluded with 10 international banks for a tenor of three years.
Malaysia
Indonesian energy company Medco Energi is also vying for SapuraOMV.
Mainland Chinese are the most interested, but even they prefer Singapore.
Blackstone said its net profit from asset sales fell 36% to $259.4m.
Singapore
Current CFO Chan Hon Chew will retire by the end of the year.