Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual World Energy Investment report. Some $2 trillion… Continue reading Global clean energy investments to hit $2 trillion this year led by China: IEA
Author: Deal Street Asia Online News
Richard Li’s FWD Group targets $9b valuation in new HK listing plan: report
Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, said three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered previous attempts to take it public. Hong Kong-headquartered FWD could target a valuation of up to $9 billion in the initial public offering (IPO) depending on financial market… Continue reading Richard Li’s FWD Group targets $9b valuation in new HK listing plan: report
Peak XV raises $206m so far from US investors for latest India, SE Asia fundsThe funds have a combined target of $2.8 billion.
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Niche investors show appetite for Asia’s alt protein sector despite falling deals
Despite tempered valuations and a decline in deals over the past couple of years, foodtech in Asia, especially Southeast Asia, remains a promising sector for niche investors. Rising concerns over climate change highlight the need for sustainable food systems, one of which is through the development of alternative proteins, industry insiders believe. Go to Source
Payments firm Nium raises $50m from Brunei wealth fund, valuation drops to $1.4b
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PH logistics firm Mober secures $6m funding from Clime Capital
Philippines-based green logistics company Mober has announced raising $6 million in funding from Clime Capital, the Singapore fund manager focused on low-carbon transition. The fresh capital will be used to increase Mober’s fleet of electric vehicles (EV) to 238 from the current 60 and help establish a new 3,000 square metre charging facility by early… Continue reading PH logistics firm Mober secures $6m funding from Clime Capital
Taiwan’s Fubon Life commits $270m to KKR, Blue Owl funds
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Term loan lenders push to drag more Byju’s units to bankruptcy
An ad-hoc group of Byju’s term loan lenders on Wednesday said it has filed to initiate bankruptcy proceedings against three units of the edtech firm in the US. “We have taken this action to protect and preserve the value of [Byju’s units] Epic, Neuron Fuel, and Tangible Play,” the lender group said in a statement.… Continue reading Term loan lenders push to drag more Byju’s units to bankruptcy
Indonesia reviewing investment laws to attract single family offices to Bali
Indonesia is reviewing investment laws in hopes of hosting single family offices (SFOs) in the holiday island of Bali, as it looks to replicate the wealth management success of neighbouring Singapore, a cabinet minister said on Wednesday. SFOs, or private companies set up to manage the wealth and business of rich families, are far more… Continue reading Indonesia reviewing investment laws to attract single family offices to Bali
India’s low-cost carrier SpiceJet plans to raise $250m
Indian low-cost carrier Spicejet plans to raise $250 million in the next two months in a new funding round, Chairman Ajay Singh told the CAPA India Aviation Summit on Wednesday. SpiceJet had announced three fundraises in 2023 to help clear unpaid dues and restore its fleet as it looked to return to full capacity and… Continue reading India’s low-cost carrier SpiceJet plans to raise $250m