Singapore’s longest-serving central banker Ravi Menon has been reappointed in his role for another two years, the Monetary Authority of Singapore (MAS) said on Friday. Menon’s term as managing director of MAS was due to end on May 31. There had been earlier reports that he was to be replaced after the current term. “Mr.… Continue reading Longest-serving MAS chief Ravi Menon reappointed for 2 years
Author: Deal Street Asia Online News
PE giant KKR ramps up stake in Japanese supermarket chain SeiyuIt has bought Rakuten’s 20% stake in the Japanese firm.
Private equity giant KKR has increased its stake in Japanese supermarket chain Seiyu to 85% from 65% by buying out Rakuten Group’s stake in the company, per an announcement. The investment is being made out of its Asian Fund IV. Following the transaction, Rakuten will continue to work closely with Seiyu’s management and shareholders. “Seiyu… Continue reading PE giant KKR ramps up stake in Japanese supermarket chain SeiyuIt has bought Rakuten’s 20% stake in the Japanese firm.
SG-based AnyMind Group acquires Indonesian e-commerce enabler DDI
Singapore-based commerce enablement company AnyMind Group has made its first acquisition after its listing on the Tokyo Stock Exchange Growth Market in March. AnyMind has agreed to acquire all shares issued by Indonesia-based e-distributor and e-commerce enabler PT Digital Distribusi Indonesia (DDI) in a bid to accelerate expansion in Asia, per an announcement on Friday.… Continue reading SG-based AnyMind Group acquires Indonesian e-commerce enabler DDI
Castler raises $5m from Capital 2B, IIFL and other India deals worth $63m
New Delhi-based Castler, a global escrow banking platform, has raised pre-Series A funding of $5 million (Rs 41 crore) co-led by IIFL fintech fund and Info Edge’s fund Capital 2B, per an announcement. The financing also saw participation from Piper Serica and Stride Ventures along with returning investors Venture Catalysts, 9Unicorns, FAAD Network, and Zerodha,… Continue reading Castler raises $5m from Capital 2B, IIFL and other India deals worth $63m
Pratt & Whitney says faces higher risks after Go First filed for bankruptcy
Pratt & Whitney on Thursday opposed Go Airlines (India) Ltd’s push to enforce an arbitration ruling in an engine dispute, with the U.S. company arguing in a Delaware court that the Indian airline’s bankruptcy filing has raised risks for it. The Indian airline, widely known as Go First, approached the Delaware court to enforce an… Continue reading Pratt & Whitney says faces higher risks after Go First filed for bankruptcy
Japan’s SBI Holdings to take SBI Shinsei Bank private
Japan’s SBI Holdings Inc plans to take SBI Shinsei Bank private by spending about 150 billion yen ($1.11 billion) to buy around a 25% stake through a tender offer, the Nikkei business daily reported on Friday. SBI Holdings declined to comment. SBI Shinsei Bank was not immediately available for comment. Shares in SBI Shinsei Bank… Continue reading Japan’s SBI Holdings to take SBI Shinsei Bank private
Apple to open first online shop in Vietnam in another emerging market pushThe company recently opened its first physical Apple stores in India.
Apple said on Friday it would open its first online store in Vietnam next week, as the iPhone vendor doubles down on emerging markets to drive growth amid slowing sales in China. The opening on May 18 comes just weeks after the Cupertino, California-based company opened its first Apple stores in India — Mumbai and… Continue reading Apple to open first online shop in Vietnam in another emerging market pushThe company recently opened its first physical Apple stores in India.
Liftoff: India’s space push counts on private players
Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the next decade – an effort boosted by the personal support of Prime Minister Narendra Modi. In the year after the country opened the way for private launches in 2020, the number of space startups more than… Continue reading Liftoff: India’s space push counts on private players
Horizon Construction Development aims to raise up to $223m in HK IPOThe listing follows a spin-off of the company from financial services provider Far…
Shanghai-based construction services provider Horizon Construction Development Ltd on Friday filed for an IPO aiming to raise up to HK$1.75 billion ($222.96 million) in a Hong Kong listing by May 25. The listing follows a spin-off of the company from financial services provider Far East Horizon Ltd. Far East Horizon will retain a 71.7% stake… Continue reading Horizon Construction Development aims to raise up to $223m in HK IPOThe listing follows a spin-off of the company from financial services provider Far…
Elon Musk says he has found new Twitter CEO
Elon Musk said on Thursday he has found a new chief executive for Twitter but did not name the person, while the Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job. Musk said in a tweet: “Excited to announce that I’ve hired a new CEO for X/Twitter. She… Continue reading Elon Musk says he has found new Twitter CEO