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Author: Deal Street Asia Online News
Vietnam removes foreign ownership caps in data centresAmazon Web Services and Singapore’s Keppel are looking to invest in data servers in the country.
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SE Asia Deal Review: Startup fundraising falls 11% in June as investors sign smaller cheques
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Two Singapore VCs raising new funds to invest in SE Asia’s early-stage startups
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PH Digest: B2B platform Packworks secures research funding; DOST to fund solar PV, clean fuel projects
The Philippine Department of Science and Technology has invested in B2B platform Packworks for its research efforts. It also partners with the Department of Energy to fund projects related to solar PV and eco-friendly fuel. B2B platform Packworks secures research funding Packworks, a Philippine-based B2B platform backed by private equity major CVC Capital Partners, has… Continue reading PH Digest: B2B platform Packworks secures research funding; DOST to fund solar PV, clean fuel projects
S Korea’s biggest PE firm Hahn & Co closes fourth fund at $3.4b, exceeds targetLast year, Hahn & Co raised a debut won fund to invest alongside the fo…
South Korea’s largest private equity firm Hahn & Co surpassed its target to hit the final close of its fourth flagship at $3.4 billion, marking the biggest fund in Asia targeting one country this year, according to a Bloomberg article posted on the firm’s website. Hahn & Co fund, which had targeted to raise $3.2… Continue reading S Korea’s biggest PE firm Hahn & Co closes fourth fund at $3.4b, exceeds targetLast year, Hahn & Co raised a debut won fund to invest alongside the fo…
China increases scrutiny of Big Four audit firms after Evergrande probe: report
China’s Ministry of Finance is conducting more rigorous checks of work done by the Big Four auditing firms for local companies, three people with knowledge of the matter said, amid concerns auditors are not doing enough to uncover corporate wrongdoing. The tighter scrutiny, which has not been previously reported, is mainly focused on Deloitte, EY, PwC, KPMG and… Continue reading China increases scrutiny of Big Four audit firms after Evergrande probe: report
Microsoft ditches board observer seat at OpenAI amid regulatory scrutiny
Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up’s governance had improved significantly in the past eight months. Apple, which last month announced bringing OpenAI‘s chatbot ChatGPT to its devices, would not take the observer role on OpenAI‘s board… Continue reading Microsoft ditches board observer seat at OpenAI amid regulatory scrutiny
Beijing city eyes more investments from Saudi sovereign wealth fund PIF
The mayor of Beijing has told the governor of Saudi Arabia’s sovereign wealth fund he hoped the fund would further expand its business in the Chinese capital, state media said on Wednesday. Beijing’s diplomatic push to court US ally Saudi Arabia comes amid its frustration over what it sees as Washington’s weaponisation of economic policies, nudging it to expand ties with countries in Europe, the… Continue reading Beijing city eyes more investments from Saudi sovereign wealth fund PIF
Vietnam raises $240m through auction of govt bondsThe amount is lower than the $451.5 million raised last week, a bourse filing showed.
Vietnam’s State Treasury raised 6.1 trillion dong ($240 million) in an auction where it had offered 12 trillion dong of government bonds at the Hanoi Stock Exchange on Wednesday. The amount is lower than the $451.5 million raised last week, a bourse filing showed. The uptake was also lower, with 51% of the offer sold,… Continue reading Vietnam raises $240m through auction of govt bondsThe amount is lower than the $451.5 million raised last week, a bourse filing showed.