The redundancies account for about 3% of employees in the bank’s US consumer division.
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
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
Ajay Goel will leave the company after completing the formalities for BYJU’S FY22 audit.
The announcement comes days after Wework named interim chief David Tolley as permanent CEO.
Current CFO Chan Hon Chew will retire by the end of the year.
Nokia has been grappling with slowing demand for 5G equipment.
He will be replaced by John Fang, who earlier served as the CEO of Foodpanda Taiwan.
His case relates to an investigation into Zhu Congjiu, a former senior official at China’s top securities regulator.
Huang will take over his new role from Herbert Suen, who will remain in a senior role
Jain left Xiaomi in January 2023 after serving for nine years.
Xpeng has been strengthening supply-chain management this year and some supply-chain staff have been investigated.