Anshuman Daga

Malaysia’s Khazanah looks to reset strategy to replenish govt coffers

The fund will look to trim stakes in companies identified as non-strategic to 15-25% and reduce its physical presence in locations such as London, Mumbai and Silicon Valley.

Keppel, SPH rule out increase in offer price for Singapore telco M1 shares

Malaysia’s Axiata, which holds a 28.3 percent stake in M1, said in September the offer should reflect the accurate future value of M1.

Thai government to approve TMB-Thanachart Bank merger by month-end

This comes after the government last year approved tax incentives for bank mergers to help them better compete with their larger regional rivals.

SoftBank Vision Fund in talks to invest $1.5b in Southeast Asia’s Grab

The proposed investment is three times a previously expected $500-million capital injection.

Noble Group taps Bermuda court to keep survival plan afloat

Noble, once Asia’s biggest commodity trader, has warned that if the restructuring fails, it would begin insolvency proceedings, likely in Britain.

US fund Castlelake said to strike $800m aircraft deal with AirAsia

For AirAsia, the deal marks another move to monetize its assets as Asia’s biggest budget airline seeks to transform itself into an asset-light, digitally focused firm.

Singapore authorities turn down Noble Group’s relisting plan

Noble, once Asia’s top commodity trader, has seen its market value all but wiped out from $6 billion in early 2015.

Noble extends restructuring deadline to Dec 11 amid probe by Singapore authorities

Noble has seen its market value all but wiped out from $6 billion in February 2015 after its accounting was questioned by Iceberg Research.

KKR expands Asia infrastructure business with new hires

The firm has poached David Luboff, CEO of Macquarie Group’s Asia Infrastructure Fund, as its new head of Asia Pacific Infrastructure.

Noble set to rope in former Morgan Stanley banker as next chairman

Noble’s next chairman will be tasked with steering the company into profitability as it transforms itself into an Asian-centric trader mainly dealing with coal, freight and liquefied natural gas.