PE firm Northstar Group hits final close of fifth fund at $590m

Southeast Asian private equity (PE) firm Northstar Group has achieved the final close of Northstar Equity Partners V Limited (Northstar V) at $590 million, according to its announcement on Friday. Northstar V will continue the Group’s strategy of investing in mature growth companies primarily in Indonesia. It will make select investments in early-stage opportunities and… Continue reading PE firm Northstar Group hits final close of fifth fund at $590m

Hong Kong’s CK Asset to sell aircraft leasing businesses for $4.28b

CK Asset Holdings Ltd said on Friday it had agreed to sell its aircraft-leasing businesses for an aggregate of $4.28 billion, as it exits the sector while enhancing its strategic focus during the pandemic. The Hong Kong property developer said it had agreed to sell the entire Accipiter Finance S.à r.l. and Manchester Aviation Finance… Continue reading Hong Kong’s CK Asset to sell aircraft leasing businesses for $4.28b

Elon Musk Explains Why He is “Pro Doge,” Not Bitcoin

Tesla CEO Elon Musk revealed today why he supports alternative cryptocurrency Dogecoin — and isn’t a huge fan of Bitcoin. “My goal is to build stuff and make money and have fun,” Dogecoin cofounder Billy Markus wrote in a tweet on Thursday. “I’m used to the corporate establishment and don’t really see any meaningful break… Continue reading Elon Musk Explains Why He is “Pro Doge,” Not Bitcoin

Google is the latest to cancel its in-person CES 2022 plans

Following Lenovo and Intel, Google has become the latest company to announce it won’t have an on-site presence at CES 2022. “After careful consideration we have decided to withhold from having a presence on the show floor of CES 2022. We’ve been closely monitoring the development of the omicron variant, and have decided that this… Continue reading Google is the latest to cancel its in-person CES 2022 plans

Tesla will disable in-dash video games while its cars are in motion

Tesla is quickly responding to the NHTSA’s investigation of in-dash gaming while cars are moving. The Guardian has learned Tesla will deliver an update disabling on-the-move Passenger Play. A spokeswoman for the regulator said Tesla promised the change after discussing the matter with officials. There was no mention of when the update might arrive, but… Continue reading Tesla will disable in-dash video games while its cars are in motion

Japan’s latest life-sized Gundam statue is almost complete

No matter how many times a new Gundam statue goes up in Japan, it’s always a sight to behold. This week was no different when workers attached the head of the RX-93FF V to its body as a crowd of onlookers and journalists came to watch the spectacle. The one-to-one recreation is a riff on… Continue reading Japan’s latest life-sized Gundam statue is almost complete

Intel apologizes for letter on forced labor in Xinjiang

Intel is learning first-hand about the challenges of pleasing both its home country and China. The New York Times reports Intel has apologized on Chinese social networks after it sent local suppliers a letter saying it wouldn’t use labor and products from the province of Xinjiang. The company said it was honoring US sanctions against… Continue reading Intel apologizes for letter on forced labor in Xinjiang

Amazon will remind workers about their rights following an NLRB deal

The tussle between Amazon and the National Labor Relations Board (NLRB) has taken another turn after the company reached a nationwide settlement with the agency. Amazon has agreed to remind current and former workers across the US about their labor rights on notices posted in workplaces, and on the mobile app and website for workers.… Continue reading Amazon will remind workers about their rights following an NLRB deal

Bukalapak secures EGM approval to use IPO money for acquisitions …

Indonesia’s Bukalapak, which became the first tech unicorn in the country to be listed on IDX, has secured stakeholder approval to use the proceeds from its initial public offering (IPO) for business acquisitions, the company said in a statement on Thursday. At the extraordinary general meeting (EGM) on Thursday, shareholders also approved the resignation of… Continue reading Bukalapak secures EGM approval to use IPO money for acquisitions …

Thai tech startup ecosystem gets a boost as viable exit routes emerge …

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Thai tech startup ecosystem gets a boost as viable exit routes emerge …