Shell Plc said on Tuesday it will sell its stake in two offshore production sharing contracts in Malaysia’s Baram Delta for $475 million to Petroleum Sarawak Exploration & Production Sdn Bhd. The announcement comes after Shell announced in March 2021 that it was considering selling its stake in the two production sharing contracts, as part… Continue reading Shell to sell stake in Malaysia’s Baram Delta to Petroleum Sarawak for $475mThe transaction will be effective Jan 1 and is targeted for completion in …
Author: Deal Street Asia Online News
Asia Digest: Australia’s Pathzero raises $5.3m; New Zealand’s Partly bags $21m
Pathzero, an Australia-based environmental consulting startup, secured $5.3 million in its Series A+ funding round, while New Zealand-based software startup Partly raised $21 million in a Series A round. Carthona Capital leads Pathzero Pathzero, an Australia-based environmental consulting startup, secured $5.3 million in its Series A+ funding round bringing total Series A funding to $10.5… Continue reading Asia Digest: Australia’s Pathzero raises $5.3m; New Zealand’s Partly bags $21m
Kae Capital leads funding in SaaS startup Contlo and other India deals
Contlo, a Delaware and Bengaluru-based customer data and marketing platform for e-commerce and direct-to-consumer (DTC) brands, has raised $3.5 million in its seed funding round led by Kae Capital. The round also saw participation from Better Capital and Titan Capital. The angel investors in the round included Harshil Mathur and Shashank Kumar (founders of Razorpay), top… Continue reading Kae Capital leads funding in SaaS startup Contlo and other India deals
Tokopedia hikes commission fees, analysts feel it may affect group’s GTV
E-commerce platform Tokopedia, part of Indonesia’s largest listed tech group PT GoTo Gojek Tokopedia Tbk, on Monday announced an increase in commission fees to its merchants, starting early January 2023. The fees will now range between 1% and 4.5% of the product price, compared with 0.5% and 3% previously. The hike will depend on the… Continue reading Tokopedia hikes commission fees, analysts feel it may affect group’s GTV
IBM ties up with new Japanese chip maker Rapidus to make advanced chipsThe announcement comes as US-China relations remain tense, especially over chip…
IBM Corp said on Tuesday it is partnering with Rapidus, a newly formed chip maker backed by the Japanese government, to help it manufacture the most advanced chips currently available. The announcement comes as U.S.-China relations remain tense especially over chips, and Washington recently restricted Beijing’s access to advanced semiconductor technology. Japan, which has long lost its… Continue reading IBM ties up with new Japanese chip maker Rapidus to make advanced chipsThe announcement comes as US-China relations remain tense, especially over chip…
Grab appoints Alejandro Osorio as new country head for Vietnam
Southeast Asian superapp Grab has announced the appointment of Alejandro Osorio as managing director of Grab Vietnam to oversee its vision, business strategy, and operations across all businesses in the country. Osorio will also be responsible for driving the Grab for Good mission in Vietnam, which aims to create more positive social and environmental impacts… Continue reading Grab appoints Alejandro Osorio as new country head for Vietnam
Nomura opens global wealth management office in Dubai
Nomura Holdings’ global wealth management business is opening a branch in Dubai as it expands into the fast-growing Middle-East hub to cater to an affluent pool of clients. Nomura said in a statement on Tuesday it had received in-principle approvals from the Monetary Authority of Singapore and Dubai Financial Services Authority to establish its new… Continue reading Nomura opens global wealth management office in Dubai
Qatar Investment Authority leads US cybersecurity startup Snyk’s Series G round
US-based cybersecurity startup Snyk Ltd said on Monday it had raised $196.5 million in Series G funding, led by Qatar Investment Authority, which is at a lower valuation of $7.4 billion. The development comes after Snyk earlier this year had tapped banks including Morgan Stanley and Goldman Sachs Group Inc for an initial public offering (IPO)… Continue reading Qatar Investment Authority leads US cybersecurity startup Snyk’s Series G round
Apple’s investment in Japan crosses $100b, CEO Cook visits chip epicentre
Apple Inc said on Tuesday it had invested more than $100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim Cook visited the epicentre of the country’s semiconductor industry. Cook said in a Monday tweet he visited Kumamoto prefecture in southwestern Japan, home to factories of many… Continue reading Apple’s investment in Japan crosses $100b, CEO Cook visits chip epicentre
SG Digest: Goldman backs Goodpack; Spenmo layoffs; Vipshop expansionGoldman Sachs AM has announced a structured investment in SG-based metal container…
Goldman Sachs Asset Management is investing in reusable metal container firm Goodpack while Chinese e-commerce firm Vipshop is looking to enter SE Asia. Separately, Singapore-based payable software startup Spenmo has reportedly conducted a new round of layoffs. Goldman Sachs Asset Management invests in Goodpack Goldman Sachs Asset Management has announced a structured investment in Singapore-based… Continue reading SG Digest: Goldman backs Goodpack; Spenmo layoffs; Vipshop expansionGoldman Sachs AM has announced a structured investment in SG-based metal container…